Indian benchmark indices kicked off on a negative note followed by global geopolitical cues, remained subdued throughout the session majorly driven by pharma sector. Markets tumbled in the last half an hour following Arun Jaitley’s comment on income profiles of domestic individuals

NSE Nifty closed hit below 9200 mark and closed at 9198, while BSE Sensex shed 220 points and closed at 29706.

Broader markets too retreated to close marginally lower by 0.3% and 0.47% for Midcap and Smallcap. Apart from Media and Pharma, Metal, PSU Banks and Realty too tumbled more than 1% on closing basis.

Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.36% and the Shanghai Composite rose 0.17%. The Hang Seng lost 0.03%. European markets are mixed to lower. Shares in Germany are off as the DAX drops 0.52%. The CAC 40 is down 0.34% while the FTSE 100 in London is unchanged.

BPCL and IOC sustained as the top gainers with 4.6% and 3% respectively. Bharti Infratel followed with 2.6% gains. Bank of Baroda tumbled 3.7% followed by Sun Pharma and Lupin closing below 2.7% each.

Simplex Infra closed at Rs 371.85 per share up by Rs 54 or 17%.

ESL closed at Rs 5.84 per share up by Rs 0.76 or 15%.

Dhanlaxmi Bank closed at Rs 36.5 per share, up by Rs 4.65 or 14.6%.

Gammon Infra closed at Rs 4.88by per share up by Rs 0.58 or 13.5%.

Market breadth turned negative with 642 advances and 1022 declines and 275 remained unchanged on, reflecting negative bias.

The rupee was trading at 64.39 per US dollar.

Top 5 Nifty Gainers: BPCL (4.58%), IOC (3.02%), Bharti Infratel Ltd. (2.59%), TCS (1.33%) and Bharti Airtel (0.89%).

Top 5 Nifty Losers: Bank of Baroda (-3.66%), Sun Pharma (-2.90%), Lupin India Ltd. (-2.77%), Adani Ports and Sez Ltd. (-2.41%) and Kotak Bank (-2.39%)

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Indian share markets finished the trading day on a flat note after RBI maintained ‘status-quo’ in its 1st bi-monthly monetary policy review of FY18. Market staged a recovery after the central bank maintained a status quo on repo rate; real estate stocks gained on the back of its decision to allow banks to invest in REITs.

NSE Nifty closed at 9262 levels, down by 3 points, while BSE Sensex closed at 29,927 levels, down 47 points or 0.16%.

Midcap indices outperformed with 0.15% gains while Smallcap underperformed with 0.23% loss. Market breadth

Asian equity markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.33%, while the Nikkei 225 led the Hang Seng lower. They fell 1.40% and 0.52% respectively. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.60% while Germany’s DAX is off 0.49% and France’s CAC 40 is lower by 0.18%.

Tata Steel, ZEEL unexpectedly topped the gainers list followed by Bajaj Auto. Hindalco, ITC and SBIN were the top losers.

On the sector specific front, Realty remained positive for the second day in a row with 0.9% gains. Energy gained 1.2%.  FMCG and PSU Bank lost more than 1%.

Jindal Steel closed at Rs 132.7 per share up by Rs 8.4 or 6.7%.

Adani Power closed at Rs 44.25 per share up by Rs 2.2 or 5.2%.

Ansal Property Infrastructure Ltd closed at Rs 18.7 per share, up by Rs 2.6 or 16%.

Navkar Corporation Limited closed at by Rs 208.4 per share up by Rs 27 or 15%.

Market breadth remained negative with 764 advances, 888 declines and 282 unchanged stocks on NSE, reflecting negative bias.

The rupee was trading at 64.97 per US dollar.

Top 5 Nifty Gainers: Tata Steel (2.05%), Zee Entertainment Ltd. (1.78%), Bajaj Auto (1.67%), Ambuja Cement Ltd. (1.63%) and UltraTech Cement Ltd. (1.46%).

Top 5 Nifty Losers: Hindalco Industries Ltd. (-2.19%), ITC (-1.77%), SBI (-1.72%), ICICI Bank    (-1.63%) and Coal India Ltd. (-1.28%)

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Todays SENSEX after 2 years rich to 30k mark but close at 29974.24(+64.02).

BSE Sensex closed 64.02 points, or 0.21 per cent, up at 29,974.24, while the 50-share NSE Nifty index settled 27.30 points, or 0.30 per cent, up at 9,265.15.

Ahead of RBI’s Monetary Policy Committee decision on Thursday Banking Stocks goes up.

BSE Mid-cap Index closed up 0.46% at 14256 whereas, BSE Small-cap Index closed up 1.1% at 14785.

Adani Ports and Maruti Suzuki surged 4% plus and topped the list whereas, HDFC and HCLTECH were the top losers with 2% and more losses.

On the sector specific front, Nifty Realty and Media indices surged 3.1% and 2.1% respectively. On the contrary, defensive like IT and FMCG posted losses worth 0.7% and 0.2%. Financial services too sustained pessimism with 0.25% loss.

HEG closed at Rs 270 per share up by Rs 45 or 20%.

Graphite closed at Rs 134 per share up by Rs 19.4 or 17%.

MFSL Ltd closed at Rs 595 per share, up by Rs 27 or 4.8%.

Reliance Communications Limited closed at by Rs 41 per share up by Rs 1.85 or 4.76%.

The rupee was trading at 64.87 per US dollar.

Top 5 Nifty Gainers: ADANIPORTS(4.57%), MARUTI(4.33%), RELIANCE(2.94%), ZEEL(2.76%), HINDALCO(2.17%).

Top 5 Nifty Losers: HDFC(-2.72%), HCLTECH(-2.11%), COALINDIA(-1.69%), INFY(-1.35%), TECHM(-1.35%)

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