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Market summary 11 APRIL 2018: Indian shares came off one-month
highs to end flat on Wednesday, after a choppy session dragged by financials
and oil marketing companies (OMCs). Investors await March retail
inflation data due on Thursday for cues about the economy. Retail inflation
likely eased to a five-month low in March as increases in food prices slowed
once again but remained above the central bank’s medium-term target. Financials were the top losers with the Nifty PSU Bank
index down over 2% after gaining more than 7% in the last four sessions. Hindustan Petroleum Corp plunged over 7% intra-day, while both Bharat
Petroleum Corp and Indian Oil Corp dropped over 5%.Among global markets, Asian stocks rose
modestly on Wednesday but pared early gains as caution again
crept into markets over strained US-China trade ties and escalating tensions in Syria. Broader midcap and smallcap indices portrayed a contrasting picture. Metal stocks including Vedanta, NALCO and Hindalco 1.83 % saw traction on the back of rising global aluminium prices after the US imposed sanction on Rusal. today, TCS (2.85%), Sun Pharma (2.50%) and Hindustan Unilever (1.73%) were the top gainers and Adani Ports (2.42%), SBI (2.26%) and YES Bank (2.26%) were the top losers .
crept into markets over strained US-China trade ties and escalating tensions in Syria. Broader midcap and smallcap indices portrayed a contrasting picture. Metal stocks including Vedanta, NALCO and Hindalco 1.83 % saw traction on the back of rising global aluminium prices after the US imposed sanction on Rusal. today, TCS (2.85%), Sun Pharma (2.50%) and Hindustan Unilever (1.73%) were the top gainers and Adani Ports (2.42%), SBI (2.26%) and YES Bank (2.26%) were the top losers .
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