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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. 

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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
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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. 

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