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Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

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SI Reporter  |  New Delhi 

Benchmark indices settled flat on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month. Sentiment was subdued as broader Asian shares stepped back from their 2007 high, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.47 percent after six straight days of gains through Tuesday. Finance Minister Arun Jaitley is expected to present the budget for the 2018/19 financial year on Feb. 1, amid investor concerns that the government could unveil some populist measures with heavier ...

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Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Nifty IT rose over 2% ahead of Q3 earnings season Source: NSE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Sectoral Trend Source: NSE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Top Sensex gainers and losers Source: BSE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Broader Markets Broader markets underperformed the benchmark indices with BSE Midcap index down 0.6% while BSE Smllcap ended 0.1% lower

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Markets at Close Benchmark indices settled flat on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month. The S&P BSE Sensex ended at 34,433 down 10 points while the broader Nifty50 index settled at 10,432, down 4 points

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Tata Group shares rally; Tinplate, Tata Sponge, Tata Metaliks up over 10%   Shares of Tata Group companies were trading higher by up to 18% on back of heavy volumes in otherwise range-bound market on Wednesday.   Tinplate Company of India, Tata Sponge Iron, Tata Metaliks and Tayo Rolls were up in the range of 10% to 18%, while Nelco, Tata Investment Corporation, Oriental Hotels, Tata Elxsi, Tata Consultancy Services (TCS), TRF and Trent up between 2% and 6%.   Five stocks – Oriental Hotels, Tata Investment Corporation, Tata Metaliks, Tata Sponge Iron and Tinplate Company of India– have hit their respective all-time highs on BSE in intra-day trade today. READ MORE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

EPF to ELSS: Five key investments you can make under Section 80C   With the end of the financial year fast approaching, the employed need to furnish their Section 80C investments, which has a combined limit of Rs 150,000, to employers.   If you haven’t still made any investments, here are five key ones  

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

TCS nears three-year high ahead of December quarter results   Tata Consultancy Services (TCS) was up 3% at Rs 2,785 on BSE in noon deals, trading nears to its three-years high, ahead of October-December quarter (Q3FY18) earnings on Thursday, January 11, 2018. The company’s board will also consider a third interim dividend.   The stock trading at its highest level since March 4, 2015. It is less than 2% away from its all-time high of Rs 2,834 touched on October 7, 2014 on BSE in intra-day trade.   Analysts at Kotak Securities expect constant currency (c/c) revenue growth of 1.4% and negligible cross currency impact in Q3FY18. Growth would be impacted by usual seasonal furloughs and soft BFS in North America. READ MORE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Retail shares gain on Cabinet nod for 100% FDI in single brand retail   Shares of retail companies have rallied by up to 8% after the Cabinet cleared 100% foreign direct investment (FDI) through automatic route in single brand retail trading.   Monte Carlo Fashions, Future Consumer, Indian Terrain Fashions, Zodiac Clothing Company, V-Mart Retail and Future Market Networks were up in the range of 4% to 9% on BSE. READ MORE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

FDI norms relaxed, foreign airlines can invest up to 49% in Air India   The government on Wednesday relaxed FDI norms in various sectors such as single brand retail and allowed foreign airlines to invest up to 49 per cent in Air India. The decision was taken during the Cabinet meeting chaired by Prime Minister Narendra Modi here.   The Cabinet allowed overseas investors to invest 100 per cent FDI (foreign direct investment) in single brand retail trading and construction development without any government approval, an official statement said. "Foreign airlines allowed to invest up to 49 per cent under approval route in Air India," the statement said.

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Europe Trade European equities opened lower as investors watch out for corporate earnings and fresh data. The pan-European Stoxx 600 was down by 0.13% with most sectors trading in negative territory.  

First Published: Wed, January 10 2018. 15:32 IST
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Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Catch all live market action here

Benchmark indices settled flat on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month. Sentiment was subdued as broader Asian shares stepped back from their 2007 high, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.47 percent after six straight days of gains through Tuesday. Finance Minister Arun Jaitley is expected to present the budget for the 2018/19 financial year on Feb. 1, amid investor concerns that the government could unveil some populist measures with heavier ...

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