The benchmark indices settled lower on Friday as investors booked profits in financials such as State Bank of India and auto makers such as Maruti Suzuki India. The negative trend in European and Asian markets also impacted the sentiment.
The S&P BSE Sensex ended at 31,138, down 152 points, while the broader Nifty50 settled at 9,574, down 55 points.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices shed over 1% each.
Market breadth depicted weakness. There were more than three losers against every gainer on BSE. 1,936 shares fell and 683 shares rose. A total of 137 shares were unchanged.
For the week, both the indices logged small weekly gains on hopes the Reserve Bank of India will cut interest rates after minutes from a monetary policy committee meeting earlier this month showed one member acknowledging that inflation had eased.
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It’s better to sell when there is a deterioration in business fundamentals. Here are four triggers:
Most investment writing revolves around telling investors what to buy. But selling a stock at the right time is equally important. Many investors base their sell decisions on stock price moves. They book profits if a stock doubles or trebles.
But this can rob your portfolio of potentially big wealth creators in the long run. Instead, it is better to base your sell decision on fundamental changes in the business itself. Here are four sell triggers that work well in India.
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Benchmark indices lost ground in late trades to end lower as investors booked profits after gains in the previous session post the US Federal Reserve’s decision to keep interest rates unchanged.
The S&P BSE Sensex slipped 105 points to close at 28,668 and the Nifty50 settled 36 points lower at 8,832. Among broader markets, BSE Midcap and Smallcap indices ended up 0.1%-0.3% each. Market breadth ended weak with 1496 losers and 1166 gainers on the BSE.
Foreign institutional investors were net buyers in equities worth Rs 337 crore on Thursday, as per provisional stock exchange data.
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Benchmark indices ended higher, amid choppy trades, after weak US data dimmed prospects of an interest rate increase by the Federal Reserve next week.
Besides, India’s trade deficit declined sharply to 38.1% to $7.67 billion in August 2016 from $12.39 billion in August 2015. Exports fell 0.3% to $21.52 billion in August 2016 over August 2015. Imports fell 14.09% to $29.19 billion in August 2016 over August 2015.
The S&P BSE Sensex rose 186 points to end at 28,599 and the Nifty50 gained 37 points at 8,780. In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%.
Among key stocks, Power Grid, ITC, Maruti Suzuki, Reliance Industries and Adani Ports surged between 1.5%-2.5%.
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The market has ended on a strong note with the Nifty above 8650. The 50-share index is up 132.05 points or 1.5 percent at 8683.15. The Sensex is up 363.98 points or 1.3 percent at 28078.35.
About 1820 shares have advanced, 915 shares declined, and 171 shares are unchanged. Hero MotoCorp, Bajaj Auto, M&M, Axis Bank and Tata Motors are top gainers while Bharti, Sun Pharma, Infosys, TCS and Wipro are losers in the Sensex.
The domestic stock market rose in line with other Asian markets, which were trading higher after the Bank of England (BoE) lowered policy rate to 0.25 per cent from 0.5 per cent earlier for the first time in seven years and announced big stimulus package to support growth.
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After a lot of struggle, the market has ended lower on Friday. The Sensex is down 105.61 points or 0.4 percent at 27836.50, and the Nifty fell 23.60 points or 0.3 percent at 8541.40. About 1000 shares advanced, 1681 shares declined and 197 shares remained unchanged.
Bharti Airtel, Tata Steel, HDFC twins and Adani Ports were top gainers while Infosys, TCS, Wipro, NTPC and Coal India were top losers in the Sensex.
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