Sensex, Nifty end flat after a choppy session; Nifty PSU Bank index falls
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Benchmark indices ended flat in lacklustre trading on Monday following heavy gains on Friday, after Moody’s Investors Service upgraded the country’s sovereign credit rating.
Indian shares also tracked their subdued Asian peers after uncertainties clouding a US tax-overhaul bill saw a retreat on Wall Street on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan extended losses.
The Nifty PSU Bank index fell 0.85% after surging in the previous two sessions, including the 3.22% gain on Thursday.
Investors have been hopeful that a tax bill under debate in Congress will boost corporate earnings and further fuel the stock market’s record-setting run in US.
4:09 PM
Market rundown by Anand James, Chief Market Strategist, Geojit Financial Services
"Weak global cues remained a drag earlier in the day, but expectation of more positive measures along GST rates, this time on consumer durables, held markets afloat. Real estate sector continued to attract investor's attention against the backdrop of Cabinet's decision to relax interest rate subsidy criterion under CLSS scheme."
3:39 PM
Top Sectoral gainer: NIfty Realty index
Source: NSE
3:38 PM
Nifty PSU Bank index falls nearly 1%
Source: NSE
3:36 PM
Sectoral Trend
Source: NSE
3:35 PM
Top Sensex gaienrs and losers
Source: BSE
3:34 PM
Broader Markets
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap indices up 0.6% and 0.8% respectively
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap indices up 0.6% and 0.8% respectively
3:32 PM
Markets at close
The S&P BSE Sensex ended at 33,359, up 17 points while the broader Nifty50 index settled at 10,298, up 15 points
The S&P BSE Sensex ended at 33,359, up 17 points while the broader Nifty50 index settled at 10,298, up 15 points
3:20 PM
Buzzing Stock
Shares of Strides Shasun climbed as much as 4.5% after the pharma company agreed to sell its India brand business to Eris Lifesciences.
Shares of Strides Shasun climbed as much as 4.5% after the pharma company agreed to sell its India brand business to Eris Lifesciences.
3:07 PM
Oil market steady ahead of OPEC meet on Nov 30
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.
Brent crude futures, the international benchmark for oil prices, were at $62.47 per barrel at 0752 GMT, down 25 cents, or 0.4 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were at $56.57 a barrel, up just 2 cents from their last settlement.
2:59 PM
Slips in trade
The Nifty PSU Bank index fell 0.87% after surging in the previous two sessions, including the 3.22% gain on Thursday.
The Nifty PSU Bank index fell 0.87% after surging in the previous two sessions, including the 3.22% gain on Thursday.
2:37 PM
Europe Check
European bourses opened lower after preliminary coalition talks in Germany collapsed.
The pan-European Stoxx 600 was 0.01% lower with sectors moving in different directions.
In Asia, equities were mostly lower on growing doubts over US plans to update the tax system.
2:16 PM
Buzzing stock
Shares of Divis Laboratories rose 2.6% intraday as its Visakhapatnam unit received EIR from USFDA.
The company has received an establishment inspection report (EIR) from United States Food & Drug Administration (USFDA) for its Unit-II at Visakhapatnam.
2:00 PM
Market Check at 2 pm
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,327.26 | -15.54 | -0.05 |
| S&P BSE SENSEX 50 | 10,717.45 | +0.85 | +0.01 |
| S&P BSE SENSEX Next 50 | 35,557.19 | +31.30 | +0.09 |
| S&P BSE 100 | 10,745.51 | +2.13 | +0.02 |
| S&P BSE Bharat 22 Index | 3,741.36 | +18.15 | +0.49 |
1:49 PM
Dixon Technologies hits highest level since listing; up 15% in three days
Dixon Technologies (India) has moved higher by 7% to Rs 3,080 on the BSE, its highest level since listing on September 18, 2017.
In past three trading sessions, the stock appreciated by 15% from Rs 2,685 on Wednesday, November 15, 2017 after the Birla Sun Life Asset Management Company bought more than one percentage point stake in Dixon Technologies through open market.
On November 16, Birla Sun Life Asset Management Company had purchased 180,000 shares or 1.59% stake of Dixon Technologies at price of Rs 2,700 per share on the BSE, the bulk deal data shows. READ MORE
1:36 PM
Asia's dividend payouts set for biggest increase in 6 yrs as profits surge
Dividend payouts by Asia's biggest companies are poised for their biggest increase in six years as profits surge and pressure grows on firms to be more generous with their shareholders.
Across Asia, dividend payouts in 2017 are expected to grow by 12 per cent year-on-year, a Reuters analysis showed, marking the largest increase in payouts since 2011.
That corporate generosity, driven to some extent by improving economic growth, is only partly reflected in the share price, analysts say. If, as consensus forecasts show, earnings growth stays strong into next year and 2019, there is plenty of room for Asian stock markets to rally beyond current multi-year highs. READ MORE
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First Published: Nov 20 2017 | 3:31 PM IST
