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MARKETS LIVE: Indices trade flat, Nifty above 10,300 mark on global cues

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SI Reporter  |  New Delhi 

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Pidilite joins Rs 500 billion market-cap league; stock hits new high Pidilite Industries has entered into the league of corporate entities with a market value of over Rs 500 billion after the stock price of the company hit new high on the BSE.   Pidilite Industries with the m-cap of Rs 500.73 billion stood at number 62nd position in overall m-cap ranking at 10:28 am, the BSE data shows. The stock was trading 1% higher at Rs 977 hit a new high of Rs 982 on the BSE in intra-day deal. READ MORE Rural-focused stocks to gain on the expectation of normal monsoon Companies that get a sizable share of sales from rural markets could see higher growth on the expectation of a normal monsoon, which has been forecast for this year, as of now. Two non-government bodies, Skymet and Weather Risk Management Services have said they expect rain in the June to September period to be on the positive side of normal. READ MORE Lupin gains on EIR from USFDA for Pithampur Unit 1 Lupin has moved higher by 7% to Rs 843 on the National Stock Exchange (NSE) after the pharmaceutical company said that it has received establishment investigation report (EIR) from the United States Food and Drug Administration (US FDA) for the successful inspection of Pithampur Unit 1. The inspection was conducted in July 2017. EIR indicates closure of plant inspection by the US regulatory agency. READ MORE Market Check S&P BSE Sensex 33,576.13 -0.06%   Nifty 50 10,313.75 -0.11%   S&P BSE 200 4,536.90 -0.03%   Nifty 500 9,142.70 -0.04%   S&P BSE Mid-Cap 16,498.60 0.05%   S&P BSE Small-Cap 17,823.28 0.27% Vedanta may pay high logistic cost to haul bauxite from Odisha refinery   Even as mining entity Vedanta looks at entering into a long-term contract with Odisha Mining Corporation (OMC) to secure bauxite for its Lanjigarh (Kalahandi district) alumina refinery from the latter’s newly opened Kodingamali mines, the company is worried about escalation in the cost of procuring the raw material. READ MORE Volume Toppers COMPANY PRICE() CHG() CHG(%) VOLUME MAGMA FINCORP 157.70 -7.10 -4.31 32194873 REL. COMM. 23.80 0.45 1.93 6085613 UNITECH 6.47 -0.41 -5.96 2542440 IDBI BANK 71.50 -0.95 -1.31 2428590 JP ASSOCIATES 19.40 -0.50 -2.51 2406816

The domestic markets were trading largely flat on Friday taking cues from their key Asian counterparts.

In the global markets, Asian stocks traded mixed on Friday, as the overnight rally on Wall Street failed to translate after US President Donald Trump indicated that more tariffs against China could be in the works.

US President Donald Trump said on Thursday he had instructed US trade officials to consider $100 billion in additional tariffs on China, fuelling an already heated trade dispute between the world's two biggest economies.


MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 per cent. The index has spent the week swinging wildly in and out of negative territory amid the back-and-forth of the US-China trade dispute.

South Korea's KOSPI lost 0.3 per cent, while Japan's Nikkei fell 0.15 per cent.

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. 12:10 IST

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MARKETS LIVE: Indices trade flat, Nifty above 10,300 mark on global cues

Catch all the market action here

Catch all the market action here

The domestic markets were trading largely flat on Friday taking cues from their key Asian counterparts.

In the global markets, Asian stocks traded mixed on Friday, as the overnight rally on Wall Street failed to translate after US President Donald Trump indicated that more tariffs against China could be in the works.

US President Donald Trump said on Thursday he had instructed US trade officials to consider $100 billion in additional tariffs on China, fuelling an already heated trade dispute between the world's two biggest economies.


MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 per cent. The index has spent the week swinging wildly in and out of negative territory amid the back-and-forth of the US-China trade dispute.

South Korea's KOSPI lost 0.3 per cent, while Japan's Nikkei fell 0.15 per cent.

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 LIVE: Indices trade flat, Nifty above 10,300 mark on global cues

Catch all the market action here

The domestic markets were trading largely flat on Friday taking cues from their key Asian counterparts.

In the global markets, Asian stocks traded mixed on Friday, as the overnight rally on Wall Street failed to translate after US President Donald Trump indicated that more tariffs against China could be in the works.

US President Donald Trump said on Thursday he had instructed US trade officials to consider $100 billion in additional tariffs on China, fuelling an already heated trade dispute between the world's two biggest economies.


MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 per cent. The index has spent the week swinging wildly in and out of negative territory amid the back-and-forth of the US-China trade dispute.

South Korea's KOSPI lost 0.3 per cent, while Japan's Nikkei fell 0.15 per cent.

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