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Nifty ends flat ahead of corporate earnings

Press Trust of India  |  Mumbai 

snapped its six-day today as investors turned cautious ahead of the earnings season.

PSU Bank, auto, and infra stocks saw heavy selling, while IT and realty counters finished with gains.

Globally, European stocks edged lower as investors awaited corporate earnings and fresh macroeconomic data.

Asian stocks ended mixed as investors booked profits. prices hit three-year highs due to production cuts and a fall in inventories.

The opened higher at 10,652.05 and moved in a range of 10,655.50 and 10,592.70 before ending at 10,632.20, down 4.80 points, or 0.05 per cent.

It saw an intra-day movement of about 62.80 points.

On the sectoral front, IT rose 2.24 per cent, Realty 1.26 per cent and Metal 0.07 per cent.

PSU fell 1.38 per cent followed by auto 0.71 per cent, Media 0.38 per cent, 0.34 per cent, Service 0.33 per cent, Private Bank 0.28 per cent, Infra 0.26 per cent, Pharma 0.22 per cent and FMCG 0.14 per cent.

Major index gainers were TCS, Wipro, HCL Tech, Tech Mahindra, HPCL, Infosys, and

Losers included Eicher Motors, NTPC, UPL, Dr Reddy's, Asian Paints, Bajaj Auto, and Bajaj

The market breadth, indicating its overall health, was in favour of losers. On the NSE, 1,071 stocks declined, 722 advanced while 56 remained unchanged.

Total securities that hit their price bands were 216.

Turnover in the cash segment fell to Rs 36,413.60 crore from Rs 37,081.17 crore as on Tuesday.

A total of 21,711.11 lakh shares changed hands in 12,004,935 trades. The market capitalisation of listed firms on the stood at Rs 1,52,79,272.99 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 19:00 IST