Monday 23 April 2018

Closing Bell: Sensex ends flat, Nifty below 10,600; pharma gains

Closing Bell: Sensex ends flat, Nifty below 10,600; pharma gains. ICICI Bank, Infosys, Bajaj Finance, SBI, Axis Bank, Adani Ports, Hero Motocorp and Bharti Airtel fell up to 2 percent.


ICICI Bank, Infosys, Bajaj Finance, SBI, Axis Bank, Adani Ports, Hero Motocorp and Bharti Airtel fell up to 2 percent.

Market at Close: The market began the week on a good note, but have ended flat now. The Nifty managed to breach 10,600-mark.
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The Sensex is up 35.19 points at 34450.77, while the Nifty is up 20.70 points at 10584.70. The market breadth was narrow as 1391 shares advanced, against a decline of 1290 shares, while 165 shares are unchanged.
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IndusInd Bank and Mahindra & Mahindra were the top gainers, while HDFC Bank, Hero MotoCorp, Indiabulls Housing, and Hindalco were the top losers.

Rupee reference rate: The Reserve Bank of India today fixed the reference rate of the rupee at 66.2177 against the US dollar and 81.2690 for the euro.

The corresponding rates were 66.0167 and 81.4580, as on friday April 20.

The according to an RBI statement, the exchange rates for the pound and the yen against the rupee were 92.8438 and 61.40 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

Europe Trade: European markets edged lower as investors reacted to fresh corporate earnings, while keeping an eye on geopolitics and oil.

The pan-European Stoxx 600 was 0.2 percent lower with different sectors moving in opposite directions.

Market Update: Benchmark indices were off their day's high due to depreciation in the rupee and weak global cues.

The sharp depreciation in the rupee for sixth consecutive day pushed technology stocks higher, but kept the market volatile.

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The 30-share BSE Sensex was up 121.09 points at 34,536.67 and the 50-share NSE Nifty rose 47.80 points to 10,611.80, backed by IT and Pharma stocks.

Nifty IT and Pharma indices gained 1.6 percent each whereas ICICI Bank, HDFC Bank and metals stocks were under pressure.


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