You are here: Home » Markets » News
Business Standard

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

NTPC, Kotak Mahindra Bank, Cipla, SBI and Bajaj Auto contributed the most on BSE Sensex

SI Reporter  |  New Delhi 

The markets ended flat, snapping 4-day record closing trend after opening at record highs after information technology heavyweight Infosys' June quarter results beat Street estimates, while TCS, which declared its results post market hours on Thursday, was the top loser on Sensex and Nifty. 

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

Vinod Nair, Head of Research, Geojit Financial Services says: Profit booking at record high and tepid result from IT majors had influenced the market to turn range bound. The quarter earnings growth may not match the current premium valuation due to a tepid start of result season while investors giving more weight to the prevailing positive macros will help to maintain a positive vibe in the market.

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

Nifty IT index was the top sectoral loser, down over 1% for the day dragged by Just Dial, TCS, Wipro and Tata Elxsi. Infosys also slipped in red, ending 0.7% down for the day after rising nearly 3% in early-morning trade

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

Market breadth remains negative with 1,681 declines against 1,010 advances

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

Both indices were up over 2% each for the week, their biggest weekly gains since mid-March.

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

NTPC, Kotak Mahindra Bank, Cipla, SBI and Bajaj Auto contributed the most on BSE Sensex while Wipro, TCS, Tata Motors and Coal India shed the most on the index

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

In broader markets, the BSE Midcap index outperformed the benchmark indices, up 0.2% for the day while the BSE Smallcap index ended 0.3% lower.

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

The BSE Sensex settled the day at 32,020, down 16 points while the broader Nifty50 index ended at 9,886, down 5 points

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

Snapping four-day record closing trend, benchmark indices settled the day flat with a negative bias.

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

ONGC, Coal India, M&M and Cipla are the top weekly losers on NIfty50

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

ACC, GAIL, Aurobindo Pharma, Hindalco, Indiabulls Housinf Finance, Bharti Airtel are the top gainers for the week on Nifty50, up between 5-10%

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

Top weekly gainers: BSE Bankex, BSE Healthcare head for a 2% gain each

First Published: Fri, July 14 2017. 15:31 IST
RECOMMENDED FOR YOU

Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week

NTPC, Kotak Mahindra Bank, Cipla, SBI and Bajaj Auto contributed the most on BSE Sensex

The markets ended flat, snapping 4-day record closing trend after opening at record highs after information technology heavyweight Infosys' June quarter results beat Street estimates, while TCS, which declared its results post market hours on Thursday, was the top loser on Sensex and Nifty. 

image
Business Standard
177 22