losangelesnewstoday.com March 22, 2018

Markets end flat as Nifty manages to hold on to 9900-mark

18 August 2017, 12:28 | Maryann Sutton



The 50-issue Nifty breached the historic 10,000 level by gaining 44.90 points, or 0.45 per cent, to trade at all-time high of 10,011.30, surpassing its previous intra-day high of 9,982.05 touched yesterday.

The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 5.60 points at 9902.90.

There were 907 advances, 725 declines and 328 unchanged stocks on NSE reflecting a mild positive undertone floating in the market.

Infosys and Coal India were the top gainers on both indices, while Cipla, Kotak Mahindra Bank and ACC lost the most. Experts attribute this fall to the implied volatility due to weekly expiry of Nifty Bank futures. Banks continued to be under pressure at the opening bell.

"Indian markets continue to be plagued by volatility in a week truncated by a holiday".

Market closed marginally higher amidst volatile trade.

United States slaps more sanctions on Venezuela politicians including former President Chavez's brother
Still, Venezuela is facing mounting pressure and threats of deepening sanctions from trade partners. The UN report said it does not have details for all the deaths.

Experts also believe that one of the reasons for the fall could also have been based on global cues. The Nifty has gained by 193.35 points or 1.99 per cent in three trading days.

Coming to sectors, FMCG hit it off with a gain of 2.43 percent. Posco finished up 4.71 percent and Hyundai Steel gained 2.81 percent.

The index was up by 77.82 points or 0.24% up at 31848.71. Auto and healthcare shares too registered losses. While Hong Kong's Hang Seng rose by 0.14%, Shanghai Composite Index was up by 0.32%. "Infosys buyback is a very good thing for other IT companies", said AK Prabhakar, head of research, IDBI Capital. India VIX closed higher by 1.53% at 11.

GMR Infrastructure jumped 13.4% after India's Supreme Court on Thursday upheld a ruling of the Delhi high court that allowed Delhi International Airport Ltd, a unit of GMR Group, to put airport land to commercial use for non-aeronautical purposes. A government policy in 2016 had barred airports from using such land for non-aeronautical purposes.

Coal India, one of the worst performing stocks this year, rebounded 4.2% to 247.05 rupees, helped by an attractive dividend yield.

Other News

Trending Now

Wenger Wants The Ox To Stay And Become An Arsenal Great
But the Frenchman says that the 23-year-old will play for Arsenal next season as he is part of his plans. The Blues have launched a £35m bid to get him, and Oxlade-Chamberlain is interested in making the move.

Moon says more will be done for national heroes
The North's news agency, KCNA, warned on Monday that a conflict could be sparked with "a minor incident". It added: "We are watching every single thing in the United States".

Premier League set to change date of transfer deadline
At least 14 of the 20 teams in the league must agree with the changes for them to be implemented. The idea is supported by most of clubs, but there is still a reservation among some.

Smartphone Huawei Mate 10 will show exactly two months
However, Huawei CEO, Richard Yu has previously confirmed the Mate 10 , claiming that it will be more powerful than the iPhone 8 . Huawei Mate 10 Features: Of Course, all the smartphones will support some basic features like Bluetooth, WIFI, GPS, USB, etc.

All-Pro DL Vince Wilfork Retires After 13 Seasons
Vince Wilfork announced his National Football League retirement Monday afternoon as only he could - while dancing and grilling . Listed (generously) at 325 pounds, Wilfork was incredibly nimble and athletic for a man his size, which surprised many.

'Despacito' is the third to hold YouTube's most-popular spot this year
Luis Fonsi and Daddy Yankee's hit summer anthem Despacito has become the most viewed YouTube video of all time . The Spanish track has been so popular that even Justin Bieber jumped on it for a remix.

Microsoft Surface Financing Lets You Upgrade In 18 Months
Business can finance over 18, 24, or 30 months and can upgrade devices after 12 months on the 18-month term. It's a simple plan to enable customers to jump on the hardware that Microsoft has so meticulously created.

Swift security guard testifies in groping trial
She said she didn't contact police in order to protect her daughter, saying she didn't want the incident to "define her life". Swift described Mueller's alleged actions as "horrifying and shocking", and said, "It was a devious and sneaky act".

Dolphins Adam Gase says Ryan Tannehill will be ready for 2018
The Miami Herald's Armando Salguero reports Ryan Tannehill (ACL) will undergo knee surgery and be placed on injured reserve. Tannehill will have surgery for a torn anterior cruciate ligament, a person familiar with the decision said Friday.

Kylie Jenner Newly Billionaire, Her Cosmetics Company Is Worth $420 Million
The lip kit mogul's momager led the well wishes charge as she shared a sweet collage of Kylie pics on her Instagram account. She may be only 20, but Kylie Jenner may soon have a beauty business worth more than a billion dollars .