Markets finish flat as Nifty closes in on 10600-mark

Posted April 25, 2018

In the broader market, the BSE Midcap and the BSE Smallcap indices remained little changed.

Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 69, or 0.22 percent, to Rs 31,363 per ten grams in 223 lots.

It had gained 201.06 points in the previous two sessions.

Meanwhile, Bharti Airtel was the top gainers in Nifty, up 5 per cent after the telecom operator reported better-than-expected earnings for the March quarter led by its Africa business.

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Market breadth was negative with 1750 stocks closing lower against 898 ending higher on the BSE.

The top losers were: Wipro, down 3.30 per cent at Rs 287.05; Infosys, down 2.49 per cent at Rs 1,153.90; Tata Steel, down 1.23 per cent at Rs 598.25; State Bank of India, down 0.87 per cent at Rs 240.60; and Tata Consultancy Services, down 0.87 per cent at Rs 3,385.65.

Global shares fell back on Wednesday, mirroring a sell-off on Wall Street triggered by worries over slowing growth and falling profits. Chinese shares climbed 1.9 percent, while Hong Kong's Hang Seng index rose 1 percent.

France's CAC 40 edged almost 0.1 percent lower in early trading to 5,440.32, while Germany's DAX slipped almost 0.8 percent to 12,456.33.

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Japan's benchmark Nikkei 225 shed 0.3 percent to finish at 22,215.32.

Bond prices slipped again on Tuesday.

The 10-year U.S. Treasuries yield rose to as high as 3.003 per cent on Tuesday. On a consolidated basis, its net profit for the January-March quarter dropped by 77.8 per cent to Rs 83 crore, compared to Rs 373 crore past year. It has fallen 1.5 percent so far this month.

Worldwide oil prices hit their highest levels since late 2014 due to expectations of renewed USA sanctions against Iran and as OPEC continued withholding supplies amid strong demand. Brent fetched $73.77 a barrel, little changed on the day.

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