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MARKETS ON FRIDAY: Sensex ends flat, Nifty holds 10,300; PSU banks gain

All that happened in the markets on Friday

SI Reporter  |  New Delhi 

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Nifty PSU Bank ends 0.90% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) PUNJAB NATL.BANK 102.15 97.00 5.15 5.31 ALLAHABAD BANK 53.50 51.70 1.80 3.48 ANDHRA BANK 45.40 44.20 1.20 2.71 ORIENTAL BANK 98.90 97.05 1.85 1.91 BANK OF INDIA 113.10 111.10 2.00 1.80 Nifty Pharma ends 1.35% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) PIRAMAL ENTERP. 2663.90 2540.40 123.50 4.86 AUROBINDO PHARMA 619.40 599.15 20.25 3.38 LUPIN 809.05 786.70 22.35 2.84 GLENMARK PHARMA. 563.60 556.55 7.05 1.27 SUN PHARMA.INDS. 512.60 507.55 5.05 0.99 BSE Sensex gainers and losers of the day Market at close   The S&P BSE Sensex ended at 33,627, up 30 points while the broader Nifty50 index settled at 10,331, up 6 points. News Watch RCom gets tribunal nod for tower, fibre business sale Reliance Communications Ltd (RCom) said on Friday it received the National Company Law Appellate Tribunal's (NCLAT) approval to proceed with the sale of its tower and fibre business. READ MORE Impact on stock: Gold hits over two-week low as dollar firms ahead of US jobs data Gold prices hit over two-week lows on Friday, ahead of the US payrolls data later in the day, weighed down by a firmer dollar even as President Donald Trump re-ignited trade war fears by proposing $100 billion in new tariffs on China. READ MORE

Benchmark indices ended flat on Friday, as investors remained cautious after sentiment soured on renewed fears of a trade war after US President Donald Trump proposed more tariffs on China.

The S&P BSE Sensex ended at 33,627, up 30 points while the broader Nifty50 index settled at 10,331, up 6 points.

Trump said on Thursday that he had directed US trade officials to identify tariffs on $100 billion worth additional Chinese imports, escalating the dispute between the world’s two largest economies.

Asia shares ex-Japan slipped 0.13 per cent, while US stock futures fell more than 1 per cent. Global markets have been volatile this week amid the back-and-forth of the US-China trade conflict.

Back home, the Reserve Bank of India (RBI) on Thursday adopted a remarkably dovish tone, surprising analysts who were expecting the firming up of rates in the medium term, even as one of the six members in the Monetary Policy Committee (MPC) voted for a hike in an otherwise status quo policy.

After the first bi-monthly monetary policy for 2018-19, the repo rate remained at 6 per cent. RBI Executive Director Michael Patra voted for a 25 basis points hike, but other five members, including RBI Governor Urjit Patel favoured a pause.

The central bank lowered its inflation projection sharply from previous forecasts, but flagged risks on the upside on the revised numbers. The RBI expects retail inflation in March at 4.5 per cent, down from 5.1 per cent it projected in February.

(with wire inputs)

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First Published: Fri, April 06 2018. 15:30 IST

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MARKETS ON FRIDAY: Sensex ends flat, Nifty holds 10,300; PSU banks gain

All that happened in the markets on Friday

All that happened in the markets on Friday

Benchmark indices ended flat on Friday, as investors remained cautious after sentiment soured on renewed fears of a trade war after US President Donald Trump proposed more tariffs on China.

The S&P BSE Sensex ended at 33,627, up 30 points while the broader Nifty50 index settled at 10,331, up 6 points.

Trump said on Thursday that he had directed US trade officials to identify tariffs on $100 billion worth additional Chinese imports, escalating the dispute between the world’s two largest economies.

Asia shares ex-Japan slipped 0.13 per cent, while US stock futures fell more than 1 per cent. Global markets have been volatile this week amid the back-and-forth of the US-China trade conflict.

Back home, the Reserve Bank of India (RBI) on Thursday adopted a remarkably dovish tone, surprising analysts who were expecting the firming up of rates in the medium term, even as one of the six members in the Monetary Policy Committee (MPC) voted for a hike in an otherwise status quo policy.

After the first bi-monthly monetary policy for 2018-19, the repo rate remained at 6 per cent. RBI Executive Director Michael Patra voted for a 25 basis points hike, but other five members, including RBI Governor Urjit Patel favoured a pause.

The central bank lowered its inflation projection sharply from previous forecasts, but flagged risks on the upside on the revised numbers. The RBI expects retail inflation in March at 4.5 per cent, down from 5.1 per cent it projected in February.

(with wire inputs)

 image
Business Standard
177 22

MARKETS ON FRIDAY: Sensex ends flat, Nifty holds 10,300; PSU banks gain

All that happened in the markets on Friday

Benchmark indices ended flat on Friday, as investors remained cautious after sentiment soured on renewed fears of a trade war after US President Donald Trump proposed more tariffs on China.

The S&P BSE Sensex ended at 33,627, up 30 points while the broader Nifty50 index settled at 10,331, up 6 points.

Trump said on Thursday that he had directed US trade officials to identify tariffs on $100 billion worth additional Chinese imports, escalating the dispute between the world’s two largest economies.

Asia shares ex-Japan slipped 0.13 per cent, while US stock futures fell more than 1 per cent. Global markets have been volatile this week amid the back-and-forth of the US-China trade conflict.

Back home, the Reserve Bank of India (RBI) on Thursday adopted a remarkably dovish tone, surprising analysts who were expecting the firming up of rates in the medium term, even as one of the six members in the Monetary Policy Committee (MPC) voted for a hike in an otherwise status quo policy.

After the first bi-monthly monetary policy for 2018-19, the repo rate remained at 6 per cent. RBI Executive Director Michael Patra voted for a 25 basis points hike, but other five members, including RBI Governor Urjit Patel favoured a pause.

The central bank lowered its inflation projection sharply from previous forecasts, but flagged risks on the upside on the revised numbers. The RBI expects retail inflation in March at 4.5 per cent, down from 5.1 per cent it projected in February.

(with wire inputs)

image
Business Standard
177 22