Markets extend losses, Sensex down 94 pts, Nifty down 34 pts

The BSE Sensex settled the day at 29,319, down 94 points, while the NSE Nifty-50 ended at 9,105, down 34 points. In the broader market, the BSE mid-cap down 0.6% and small-cap down 0.7% after hitting their respective record highs. On the BSE, 1,778 shares declined and 1,111 shares rose. A total of 137 shares were unchanged.
Sectorally, the Nifty Realty index down 3.4%,  as the  leading loser, led by losses in Indiabulls Real Estate, HDIL and Unitech going down by 10%, 5.3% and 5% respectively. Nifty PSU Bank settled 0.1 per cent higher.
Reliance Industries outshined TCS’s market capitalization.  The stock settled at Rs 1,370, down 1.5 percent.  TCS ended 0.6% lower ahead of its fourth quarter results due later in the evening.
Gruh Finance Ltd surged 8% after it has posted a 26% rise in March-quarter net profit on Monday. The stock ended at Rs. 394, up 6.5 per cent on the NSE. 
The global markets went higher  on account of  increase in capital inflows, while Asian stock markets finished mixed.. The Indian rupee was trading at Rs 64.57 against the U.S Dollar  in the afternoon session. Oil prices were trading at USD 52.67.

Sensex, Nifty on a Flat Note; Indiabulls Real Estate Soars 40%

Markets settled today, 17 April 2017, marginally lower dragged by metal stocks, power and PSU stocks. The market sentiments were subdued on account of weak Asian markets.

On closing, the BSE Sensex stood lower by 48 points, while the NSE Nifty settled down 12 points. Meanwhile, the BSE Mid-Cap and Small-Cap finished the race going up 0.2% and 0.5% each.

Sun pharma Ltd fell 2.5% after the US FDA issued its observations without hurdles. Pharma stocks kept its way on a mixed note. Meantime, shares of Natco Pharma Ltd and Aarti Drugs witnessed majority of the buying activity.

Overseas, Asian equities ended mixed, with the US dollar sinking against the yen, following tensions in the Korean Peninsula. The rupee was trading at Rs 64.42 against the  Dollar in the afternoon session. Oil prices were trading at USD 52.76.

The Finance Ministry has endorsed the employees' provident fund interest rate at 8.65% for the 2016-17 financial year, which will benefit over 40 million subscribers EPFO. The fund will witness a surplus after providing 8.65 percent interest rate for the last financial year.

Markets end lower, Nifty closed at 9,203 levels; Tata Steel top Nifty loser

In Wednesday’s choppy trading session, the NSE Nifty closed 9203 or 0.33%, whereas BSE Sensex closed at 29, 643 levels down by 144 points or 0.49%. There were 1095 advances, 1778 declines and 149 unchanged stocks on NSE reflecting fairly negative bias floating in the market.

Tata Steel Ltd was the top Nifty loser, lower by 2.2% at 477.5 per share, while Bosch Ltd was the top Nifty gainer higher by 3.7% higher at Rs. 23,600 per share.

BSE Mid-cap index closed lower by 0.22% at 14,346 level, whereas BSE Small-cap index closed lower by 0.49% at 14,852 level.

The ITC Limited was touching its intraday high of Rs 285 per share in the afternoon hours today, but later slipped further to close at Rs 281.8 per share down by 0.12%.