Markets finish flat as Nifty closes in on 10600-mark

25 April, 2018, 15:17 | Author: Barbara Daniel
  • Hot Stocks! Bharti Airtel ICICI Prudential Wipro among 5 stocks that are buzzing in trade today

30-share BSE closed at 34,450.77, up 35.19 points while the broader 50-share finished slightly below 10,600.

The Sensex touched a high of 34,706.71 points and a low of 34,465.49 points during the intra-day trade. The markets had opened flat before plunging 100 points in mid-day trade.

On the other hand, shares of Bharti Airtel fell 0.94 per cent and IDFC Bank dropped 0.10 per cent, ahead of their Q4 results scheduled to be announced Tuesday.

Rising US bond yields and crude oil prices too anxious investors.

Coal India, Hero MotoCorp, Infosys and ICICI Bank fell 1-2 percent in the Nifty pack, while IndusInd Bank, BPCL, Zee Entertainment Enterprises and HPCL gained 1-2 percent.

In contrast, the BSE market breadth remained bearish with 1,497 declines and 1,180 advances.

TCS shares gained as much as 4.6 percent to hit a record high of 3,557.90 rupees.

Oil prices slipped back from near 3-1/2-year highs as talks between U.S. President Donald Trump and French President Emmanuel Macron eased concerns Washington may reinstate sanctions against Iran, although Trump refrained from committing to staying in a 2015 nuclear deal.

Among other Asian markets, Japan's Nikkei was up 0.67 per cent, while Hong Kong's Hang Seng index rose 1.20 per cent in early trade.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 387.26 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 259.08 crore yesterday, provisional data released by the stock exchanges showed.

The gainers included Yes Bank, M&M, Adani Ports, ICICI Bank, L&T, HDFC, Bajaj Auto, Dr Reddy's and ONGC.

Wall Street shares skidded overnight, with the S&P 500 falling 1.34 percent, the most in two-and-a-half weeks. The BSE Information Technology index rose the most-1.24% or 163 points to 13,360 level.

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