Nifty IT index closes in the green; Tech Mahindra, TCS top gainers

Sensex closes 43 points lower Nifty at 10,226 level amid rangebound trade

Indian shares erased early gains and closed slightly lower on Friday, dragged down by steel companies such as Tata Steel Ltd as investors kept to the sidelines due to a lack of clarity on the USA tariff on steel and aluminium imports.

The broad-based NSE Nifty, after shuttling between 10,296.70 and 10,211.90, finally ended 15.80 points, or 0.15 per cent down at 10,226.85.

However, the BSE market breadth was bearish with 1,530 declines and 1,197 advances.

"Bottom fishing on the back of gains in Asian stocks amid news of potential U.S. tariff exemptions helped to boost the market sentiments", Deepak Jasani, Head - Retail Research, HDFC Securities, said.

Sensex today: In a volatile trading session, the benchmark indices settled lower, paring all intraday gains, led by losses in banking and metal stocks. Both BSE MidCap and BSE SmallCap index rose 0.56% and 0.50% respectively.

More news: Neymar 'wants to return to Barcelona'

On the currency front, the Indian rupee weakened by 26 paise to close at 65.15 against the USA dollar from its previous close at 64.89.

"Market reversed from the last six days losing streak as ease in trade war concerns and short covering in PSU banks supported the rally".

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 364.80 crore on net basis while domestic institutional investors (DIIs) bought shares worth Rs 675.26 crore on Thursday, provisional data showed. "Mid & Small-cap continued to underperform, as investors are still waiting for further ease in violation". On BSE, Realty (1.63%), Bankex (1.43%), Energy (1.30%), Finance (1.16%), Capital Goods (1.12%) indices were the main gainers. Sectoral indices led by Metal, IT, Teck, Consumer Durables and FMCG led the gains, rising by up to 0.64 per cent.

Other laggards included Adani Ports, Sun Pharma, Tata Motors, NTPC, Maruti Suzuki, Dr Reddy's, Coal India, ONGC, Power Grid and Hero MotoCorp, falling up to 2.21 per cent. Find us on Facebook too!

Related News:

  • Comerica Bank Increases Stake in Portland General Electric (NYSE:POR)

    JP Morgan maintained General Electric Company (NYSE:GE) on Wednesday, November 1 with "Underweight" rating. (TSN). Baird given on Thursday, January 4. (NASDAQ:FB) has "Buy" rating given on Wednesday, November 1 by Aegis Capital.
    Dem leads by 4 points in Pennsylvania House race

    Dem leads by 4 points in Pennsylvania House race

    Lebanon, said she agrees with Lamb on about 90 percent of the positions he has taken. "I think he's got a lot done quickly". Biden stopped in Western Pennsylvania as part of what he described as a campaign to return Congress to Democratic control.
    Big 12 Predictions: Can Kansas, West Virginia avoid upsets? 3/9/18

    Big 12 Predictions: Can Kansas, West Virginia avoid upsets? 3/9/18

    In all, Newman (30), Sviatoslav Mykhailiuk (13), Lagerald Vick (11) and Devonte' Graham (10) scored in double-figures for Kansas . They had lost four straight games before barely edging out TCU this week and to me, it looked like the magic was gone.
  • Sam Nunberg Says He Plans to 'Lay Low' After Testimony

    Sam Nunberg Says He Plans to 'Lay Low' After Testimony

    Among them are President Donald Trump's former campaign chairman and the former White House national security adviser. A spokesman for the special counsel's office declined to comment. "I would urge Sam Nunberg to cooperate", he said.
    Trump's military parade: Period uniforms and aircraft, but no tanks

    Trump's military parade: Period uniforms and aircraft, but no tanks

    Guidance provided in bullet points instructs that the parade include only wheeled vehicles, not tanks. We not have some more details on what President Trump's planned parade would look like.

    European Union warns U.S. against tariff exemptions for individual states

    Katainen said Brussels wanted "clarity" on how the tariffs will be implemented and was ready to enforce retaliatory measures to protect European interests if needed.
  • Watch a robot solve a Rubik's cube in under .5 seconds

    Watch a robot solve a Rubik's cube in under .5 seconds

    Its time of 0.637 seconds beat the previous world record of 0.887 seconds, set by an earlier prototype of the same machine. A pair of inventors from the United States have built a robotic machine that can solve a Rubik's Cube in 0.38 seconds.
    Russian Federation  slams ex-spy poisoning allegations as 'propaganda

    Russian Federation slams ex-spy poisoning allegations as 'propaganda

    Nick Bailey, a policeman who also fell ill, is in serious condition, but is "conversing and engaging" with visitors, Rudd added. He cause of death is believed to have been "disseminated endometrial carcinoma", a type of cancer that begins in the womb.
    Raptors snap Rockets' win streak at 17 games

    Raptors snap Rockets' win streak at 17 games

    Anunoby, has missed the team's last four contests after spraining his ankle in a game against the Orlando Magic on February 28 . Toronto jumped out to an early 32-16 lead behind Lowry. "That was our game plan, to keep them inside the 3", Lowry said.
  • Amazon's Alexa letting Out Eerie Laugh

    Amazon's Alexa letting Out Eerie Laugh

    Some people have said the laughter happened in response to unrelated commands, while others reported that it occurred unprompted. The random laugh is different from the "tee-hee" laugh Alexa gives when asked if it can laugh.
    Runoff elections on tap for county, state races

    Runoff elections on tap for county, state races

    At the top of the ticket, Ted Cruz received some 1.1 million votes in pulling 85 percent of the GOP primary electorate. For the most contested House primary races, Tuesday's contests provided no resolution, only a narrowing of the field.
    NZ's Taylor ruled out of series decider against England

    NZ's Taylor ruled out of series decider against England

    Ross Taylor, who scored a match-winning 181 not out in the fourth match on Wednesday, has been ruled out with a leg injury. A masterclass from Ross Taylor in the fourth saw New Zealand win comfortably by five wickets and deny England the series.


Most liked

Celtics get past Wolves and clinch playoff berth
Derrick Rose has signed with the Minnesota Timberwolves for the remainder of the season. He had 39 last week in Arizona in a loss to the Thunder.

Sri Lankan police ask who promoted violence against Muslims
Mobs also set fire to Muslim-owned businesses and attacked a mosque in the east of the country last week. Sri Lanka's majority Sinhalese community accounts for about three quarters of the 21 million population.

Like Google 'Posts' in Search results expand to musicians
When a user searches for a musician, Google automatically generates content like YouTube videos and biographical information. Googles Blog post featured the following artists: Lorde , Steve Aoki , Sia , Son Litte, Sofi Tukker , Shakira , and Kygo .

Rafael (Ted) Cruz justifies mocking Robert (Beto) O'Rourke's name
Beto O'Rourke has visited 226 of Texas' 254 counties, won glowing coverage from the national media and raised almost $9 million. O'Rourke raised $2.3 million in the first six weeks of 2018 while Cruz raised $800,000 in the same time period.

Marvel's 'Avengers: Infinity War' might be the last film for these superheroes
However, he did keep the death speculations alive when he said that if there are deaths, it would be permanent. "Yes. And the last actor that just might no longer be part of the universe is Chris Hemsworth aka " Thor' ".

Wynn Resorts, Limited (WYNN) Shares Bought by Arrowstreet Capital Limited Partnership
Argus Research maintained Wynn Resorts, Limited (NASDAQ: WYNN ) on Thursday, September 3 with "Hold" rating. Connor Clark And Lunn Investment Management, a British Columbia - Canada-based fund reported 65,775 shares.

Trump signs proclamations that impose tariff on steel, aluminium
One lever that China has is USA agricultural exports, and it has said in the past that it could target soybeans. House Speaker Paul Ryan, appearing with Home Depot employees in Atlanta, warned of "unintended consequences".

Emery unconcerned by PSG sack reports
Reports in France state Paris Saint-Germain have made contact with representatives for Chelsea manager Antonio Conte . PSG have targeted Antonio Conte as their replacement for Unai Emery when he leaves the club at the end of the season.

Huckabee Sanders: There Will Be No North Korea Meeting Without 'Concrete Actions'
North Korea , the second analyst team said, "may be on the verge of expanding its stock of plutonium for nuclear weapons". Thanks to an invite from Kim Jong-un Thursday night, Donald Trump will be doing just that in about eight weeks.

Pelicans' Davis ruled out vs. Wizards
While the current trend might suggest the Pelicans' are comfortably in the postseason, their position is far from secured. The foursome combined for 49 points and 23 rebounds - slightly above Davis' averages during a remarkable 10-game run.

Sean McDonough bounced from 'Monday Night Football'
McDonough's other CBS assignments included a diverse array of sports - men's and women's college basketball, NFL , golf, U.S. He continues to call ESPN's Big Monday ACC basketball games and the NCAA Final Four for ESPN International.

Florida Gov. Rick Scott signs compromise gun control bill
Broward Judge Kim Theresa Mollica ordered Cruz - who wore orange scrubs and had shackled wrists - held in jail without bond. Cruz and his defense lawyers from perceptions that they are contesting his culpability in crimes to which he has confessed.

Mississippi State's Nick Weatherspoon injured at SEC tourney
Peters made a 3-pointer and Eli Wright made a layup as the Bulldogs cut the lead to four before Schofield made a 3-pointer. Coaches' player of the year Grant Williams had an off night going 3-for12, but finished with 10 points and 11 rebounds.

Capcom will release Okami HD for the Switch this Summer
But other than a short heart-pumping teaser, that's pretty much all Nintendo had to say about it. We are certain this will be the definitive version of the game released on 3DS and Wii U .

PSG ready to replace Emery with Wenger
I suspect that he still has enormous affection for this group of Spurs players and feels loyal to this club, so I'm not anxious quite yet.