Markets settle lower on profit-booking on Friday, but gains most in six weeks



The benchmark indices on Friday settled lower as investors booked profits in index heavyweights such as ITC and HDFC ahead of a long weekend, but posted their biggest weekly gain in six weeks.

The S&P BSE Sensex ended at 29,918 down 111 points, while the broader Nifty50 closed at 9,304, down 38 points.

In the broader market, the S&P BSE Midcap and S&P BSE Smallcap indices outperformed to gain 0.2% and 0.6%, respectively.

The market breadth, indicating the overall health of the market, turned negative from positive. On BSE, 1,479 shares fell and 1,386 shares rose. A total of 136 shares were unchanged.

Nifty Realty index (down 1.7%) was the leading sectoral loser, led by losses in Prestige (down 4%) and Delta Corp (down 4%) and Indiabulls Real Estate (down 3%).

The Nifty Bank pared entire intraday losses to settle 0.1% higher.

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Sensex pares losses to end flat on Friday, Nifty below 8,900


The market on Friday extended fall for the second straight session as investors booked profits after a sharp rally that lifted the benchmark indices to near two-year highs in the previous session.

The negative trade in Asian markets, which slipped on expectations of a US interest rate hike in March, also weighed on sentiment.

The S&P BSE Sensex settled the day at 28,832, down 7 points, while the broader Nifty50 ended at 8,897, down 2 points.

The broader market outperformed the frontline indices. BSE Midcap gained 0.3%, while BSE Smallcap added 0.4%

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,450 shares fell and 1,372 shares rose. A total of 171 shares were unchanged.

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Nifty ends near 8,600; RIL up 2%, Infosys dips post Q2 earnings


Benchmark indices ended marginally higher, amid a volatile trading session, after gains in oil & gas shares helped offset losses in Infosys and Hindustan Unilever.
Infosys slipped over 2% at Rs 1,026, after hitting 52-week low of Rs 996 in an intra-day trade on the BSE. Infosys reported a better than expected 4.9% growth in consolidated net profit at Rs 3,606 crore for the second quarter ended September 30, 2016 (Q2FY17) over the preceding quarter. Rupee revenue grew 3.1% to Rs 17,310 crore and dollar revenue was up 3.5% at USD 2,587 million on sequentially.
The benchmark S&P Sensex closed at 27,673 levels, up 30 points or 0.1%. Nifty50 index gained 10 points, or 0.1%, to close at 8,583 levels. The broader markets outperformed the benchmark indices. The S&P BSE Midcap and Smallcap rose 0.8% each.

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Surgical strikes across the LoC spook the sensex


After witnessing a sharp fall on Thursday due to geo-political concerns, markets rebounded and ended flat on the first day of October series despite weak global cues.
The S&P BSE Sensex ended up 38 points to settle at 27,866 and the Nifty50 settled 20 points higher at 8,611. In the broader market, both the BSE Midcap and Smallcap indices outperformed the front-liners with gains of 2% each.
On Thursday, markets ended at their lowest closing levels since August 26, 2016 as risk-aversion prevailed following September F&O expiry and concerns over foreign capital outflows amid geo-political tensions arising between India and Pakistan after the Indian Army conducted surgical strikes across LoC in Pakistan on Wednesday night.
Top gainers from the Sensex pack included GAIL, M&M, ONGC, Power Grid and Tata Steel, all surging between 1%-3%. On the losing side, Cipla, ITC, Coal India, Bharti Airtel and HUL slipped between 1%-3%.