Research

Sensex ends flat, Nifty settles at 9666

Sensex ends flat, Nifty settles at 9666

At 0640 GMT, the benchmark S&P BSE Sensex fell 0.13 percent at 31,327 while the broader Nifty lost 0.14 percent at 9,661.

Among the sectoral indices, while IT continued to trade lower, pharma and energy stocks seemed to be recovering from the recent losses.

The BSE market breadth was bullish - with 1,541 advances and 1,180 declines.

European markets also retreated as oil prices fell again and investors waited for the all-important U.S.jobs report due out later in the day for clues on the health of the world's largest economy.

Meanwhile, he advised that traders should limit their trades and focus on stock selection and also, keep a close eye on global developments and further updates on monsoon.

The levels of 9550-9600 seen during consolidation phase become a major support area, according to him.

Healthcare stocks saw broad-based buying, with Lupin climbing 3.6 percent and Dr Reddy's Laboratories adding 1.4 percent.

SoundCloud slash 40% of staff, and shut London and San Fran offices
The company will close its offices in San Francisco and London, and consolidate its staff in its NY and Berlin offices. The SoundCloud platform listeners and artists love will remain available in more than 190 countries globally.

Sensex on April 3, was trading at 29910.22.

Biggest losers in the 30-share index were ICICI Bank (1.28%), Axis Bank (1.25%), Infosys (1.21%), Asian Paints (1.20%), Hero Motocorp (1.11%), and Housing Development Finance Corporation (1.10%).

Realty stocks continued to rally for the third consecutive session.

Hindustan Foods surged 10 percent on bagging orders from Reliance Brands & Arvind Lifestyle for manufacturing of leather shoes.

Market on Friday (7 July) moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas. France's CAC and Germany's DAX were down 0.3 percent each at the time of writing this article.

Hong Kong's Hang Seng was down 0.42 per cent while Japan's Nikkei shed 0.14 per cent in their early deals.


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