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

3:53 PM

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.

3:43 PM

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

3:41 PM

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

3:40 PM

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

3:39 PM

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

3:34 PM

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.

3:33 PM

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

3:31 PM

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

3:29 PM

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

3:25 PM

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