Sensex snaps 4-day gaining streak, Nifty ends below 9,900 amid lack of cues
All that happened in Thursday's trade
 "Apex")
Apex
The benchmark indices ended lower on Thursday after four straight sessions of gains, as investors booked profits in oil refiners amid a lack of fresh triggers after the Reserve Bank of India (RBI) kept interest rates unchanged in a move that was widely expected.
The central bank held its policy rate steady near seven-year lows on Wednesday after inflation surged, but looked to prop up the cooling economy by spurring banks into lending more.
The lack of monetary stimulus will leave it to the government to try to boost an economy that unexpectedly expanded at its slowest pace in more than three years in the April-June quarter, sparking talk that the government is considering increasing spending and widening its fiscal deficit target.
Overseas, European markets were trading lower as investors took a cautious approach ahead of key data releases.
3:52 PM
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Anand James, Chief Market Strategist, Geojit Financial Services
Market hesitated to take a stance amid weak cues from European peers fuelled by political instability in Spain. Nifty looked reluctant to push beyond its 50-day moving average, but outcome of Friday's GST council meeting and the upcoming earnings season will decide the direction of the market in the short run.
3:44 PM![]()
Sectoral trend
Source: NSE
3:42 PM![]()
Sensex heatmap at close
Source: BSE
3:38 PM![]()
Markets at close
The Sensex settled at 31,592, down 79 points, while the broader Nifty50 ended at 9,888, down 26 points.
The Sensex settled at 31,592, down 79 points, while the broader Nifty50 ended at 9,888, down 26 points.
3:30 PM
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These 18 stocks from BSE Smallcap index up between 10% and 20%
Gravita India, Ramky Infrastructure, D-Link (India), Ashapura Minechem, Tinplate Company of India, TVS Electronics, Walchandnagar Industries and Jai Corp were among 18 stocks from the small-cap index that rallied between 10% and 20% on the BSE in otherwise range-bound market. READ FULL REPORT
3:22 PM
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Global stock market party settles down
Global stocks came off record highs and the euro held near a seven-week low on Thursday as investors prepared to parse minutes from the European Central Bank’s last meeting for clues to its exit from ultra-easy monetary policy.
Political tensions emanating from Spain, where one of its richest regions Catalonia has pledged to declare ‘independence in days’, was also at the forefront of concerns for European markets.
Spain's government bond yields rose to their highest level since March while Madrid's stock market headed for its biggest weekly loss of the year.
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Buzzing stock
Hatsun Agro Product lost over 2% to Rs 760 on BSE, with the stock sliding on profit booking after Wednesday's rally triggered by SBI MF purchasing bulk shares of the company.
Hatsun Agro Product lost over 2% to Rs 760 on BSE, with the stock sliding on profit booking after Wednesday's rally triggered by SBI MF purchasing bulk shares of the company.
3:13 PM![]()
Top losers on Nifty in last leg of trade
Source: NSE
2:47 PM
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Shell companies crackdown
As many as 450,000 directors may face disqualification for their association with shell companies, Union minister P P Chaudhary said on Thursday as the government steps up its fight against the black money menace. READ MORE
2:27 PM
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Buzzing stock
Apex Frozen Foods hit a new high of Rs 364, up 8% on BSE in intra-day trade, appreciating 108% against its initial public offer (IPO) price of Rs 175 per share. CLICK HERE FOR DETAILS
2:01 PM
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Arundhati Bhattacharya made SBI more relevant in just 4 years
State Bank of India (SBI) Chairman Arundhati Bhattacharya’s four-year term, which will end on October 6, has been eventful. Her tenure also coincided with rising bad loans of the banking sector, and the subsequent fire-fighting that is going on the resolution front. Besides that, she prepared the ground for the merger of its associate banks with itself which was completed earlier this year. READ FULL REPORT
1:44 PM
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Markets check
At 1:40 pm, the Sensex was trading at 31,655, down 16 points, while the broader Nifty50 was ruling at 9,909, down 5 points.
1:15 PM
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Sensex at 32,500 by year-end?
Indian stocks are set to rise further over the coming year but will lag predictions from three months ago on worries shares have become too pricey and that the economy is headed for a rough patch, a Reuters poll showed. READ FULL REPORT
12:59 PM
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Bhansali Engineering Polymers hits record high
Bhansali Engineering Polymers hit a new high of Rs 115, up 16% on the National Stock Exchange (NSE), extending its previous day’s rally on back of heavy volumes. In past two trading sessions, the stock zoomed 39% from Rs 83 on October 3, 2017.
The BSE said, the exchange has sought clarification from Bhansali Engineering Polymers on October 5, 2017, with reference to increase in volume. READ MORE
12:42 PM
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Credit growth on consumer front doing well: SBI's new head Rajnish Kumar
Corporate credit growth is limited but credit is growing well on the consumer front, the newly named head of SBI, Rajnish Kumar, said in a conference call on Thursday. He will take over from current Chairman Arundhati Bhattacharya, who will complete her four-year term on Friday.
Kumar also said that the Indian economy is undergoing a transformation and that the banking industry is facing huge challenges. Kumar added that SBI would completely transform in the next three years. READ MORE
Rajnish Kumar
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First Published: Oct 05 2017 | 3:35 PM IST
