homemarket Newsstocks News

Market ends unchanged after a narrow range trade; Nifty gives up 10,900

Market ends unchanged after a narrow-range trade; Nifty gives up 10,900

Market ends unchanged after a narrow-range trade; Nifty gives up 10,900
Profile image

By Sudarshan Kumar  Jan 16, 2019 4:21:38 PM IST (Published)

Indian shares ended Wednesday’s range-bound trading session flat with the NSE Nifty50 failing to hold 10,900, closing 3.5 points in the green at 10,890. The BSE Sensex was up just 3 points settling at 36,321.

Indian shares ended Wednesday’s range-bound trading session flat with the NSE Nifty50 failing to hold 10,900, closing 3.5 points in the green at 10,890. The BSE Sensex was up just 3 points settling at 36,321. HDFC, ITC, Kotak Mahindra Bank and Hindustan Unilever were main underperformers, while Infosys, ICICI Bank, Reliance Industries and IndusInd Bank fought for the bulls.

Recommended Articles

View All

Yes Bank advanced for the fourth consecutive day amid reports of Ravneet Gill of Deutsche Bank India being frontrunner for the role of managing director and chief executive officer.  The private lender’s stock has gained 13 percent this week.
Jet Airways fell over 8 percent after reports of Etihad CEO Tony Douglas writing to SBI chairman Rajnish Kumar on debt restructuring deal with the Abu Dhabi-based airline offering an equity investment at Rs 150 per share along with a host of other conditions.
The Nifty Midcap edged 19 points lower to 17,686 keeping market breadth in favour of declines, while the Nifty Bank closed 83 points higher at 27,484 with most gains coming in from banks such as ICICI Bank, IndusInd Bank, Yes Bank and SBI.
On the earnings front, DCB Bank saw its fresh slippages rising to the highest ever in a quarter to Rs 114 crore. Profit for the same period came in at Rs 86 crore against the poll of Rs 76 crore with loan growth coming in at 23 percent on year basis.
From the derivatives space, Nifty 10,900 Call option shed a little more than 3.5 lakh shares in the open interest with premium falling 4 percent. Nifty January Futures closed with a premium of 32 points against a premium of 42 points on Tuesday.
Asia Pacific markets traded mixed on Wednesday despite an overnight rally on Wall Street as investors sifted through fresh uncertainties surrounding the UK's withdrawal or ‘Brexit’ from the European Union.
Japan's Nikkei 225 fell 112.54 points, or 0.55 percent, to 20,442.75 while the Topix index slipped 4.95 points, or 0.32 percent, to 1,537.77.
In South Korea, the Kospi rose 8.92 points, or 0.43 percent, to 2,106.1.
Greater China markets were mixed, with Hong Kong's Hang Seng Index erasing early losses to rise 0.13 percent in late-afternoon trade.
The Shanghai composite was almost flat, while the Shenzhen composite and Shenzhen component index ended fractionally lower.
In Australia, the benchmark ASX 200 added 20.6 points, or 0.35 percent, to 5,835.2 as the heavily-weighted financial subindex added 0.61 percent.
Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng