Markets Trade Flat, Sensex at 32408, Nifty Above 10000

Glen Mclaughlin
September 21, 2017

At 3.30 p.m., the Nifty50 provisionally closed at 10,147.55 points - marginally lower by 5.55 points or 0.05 per cent.

The broader NSE Nifty was down 0.01 percent at 10,146.95 as of 12:10 PM (IST), while the benchmark BSE Sensex was 0.08 percent higher at 32,429.34.

Investors chose to remai cautious ahead of two-day US Federal Reserve monetary policy meeting that will start later on Tuesday, media reported. FII's passive trading approach with capital inflow limited to primary market and debt also might have weighed down the momentum.

Key telecom stocks such as Idea Cellular, Reliance Communication and Tata Teleservices fell by up to 3.43 per cent after Trai yesterday slashed mobile interconnection usage charge (IUC) by more than half to 6 paise a minute.

Indian shares ended largely unchanged on Wednesday as gains in market heavyweight Reliance Industries Ltd were more than offset by profit-taking in stocks such as ICICI Bank Ltd.

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Shares of Bharat Petroleum (down 2.19 per cent), Bharti Airtel (down 2.01 per cent), Tata Motors (down 1.64 per cent), Coal India Ltd (down 1.49 per cent), Hero MotoCorp (down 1.37 per cent), Cipla (down 1.34 per cent), Sun Pharma (down 1.32 per cent), Tata Motors (down 1.22 per cent), Hind. It closed at Rs 847.10 per share - up 0.85 per cent. The National Stock Exchange Nifty also gained 71.45 points and was trading at a record high of 10,156.85 in the morning session.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 125.55 crore while foreign portfolio investors (FPIs) bought equities of Rs 418.86 crore on Friday, showed provisional data.

Among the top Sensex gainers: Dr. Reddy's advanced 2.4 percent, ONGC rose 2 percent, Reliance Industries gained 1.5 percent while Larsen and Toubro was up 1.3 percent.

Broader markets such as mid and small cap indices slipped form record highs.

Other reports by MaliBehiribAe

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