Published: Thu, September 21, 2017
Medicine | By Rogelio Lindsey

Sensex, Nifty end flat; DRL up, Hero MotoCorp down

Sensex, Nifty end flat; DRL up, Hero MotoCorp down

At 1 PM: Sensex was up by 6 points or 0.02% at 32,408.80 while the wider Nifty was down by 4 points or 0.04% at 10,143.50.

Investors chose to remai cautious ahead of two-day US Federal Reserve monetary policy meeting that will start later on Tuesday, media reported.

The 30-share BSE Sensex also pushed higher by 151.15 points, or 0.47 per cent, to end at 32,423.76, its highest closing since August 2 when it settled at 32,476.74.

Indian equities continued to drop for the second day on Wednesday.

Among BSE sectoral indices, capital goods index gained the most by 0.99 per cent, realty 0.28 per cent, consumer durables 0.25 per cent and infrastructure 0.18 per cent.

On the other hand, Hero Motocorp (2.29%), Tata Motors (1.98%), Sun Pharmaceutical Industries (1.96%), Hindustan Unilever (1.66%), I C I C I Bank (1.21%), and Asian Paints (1.14%) were the biggest losers in the Sensex.

Major Sensex gainers on Wednesday were: Dr. Reddy's Lab, up 3.33 per cent at Rs 2,313.60; Tata Steel, up 1.64 per cent at Rs 687.65; ITC, up 1.27 per cent at Rs 271.20; Wipro, up 1.07 per cent at Rs 292; and State Bank of India, up 1.03 per cent at Rs 270.55.

Telecom stocks - Bharti Airtel, Idea Cellular and Reliance Communications fell 3-6 percent after telecom regulator TRAI slashed mobile call connection charge to 6 paise per minute from 14 paise now, effective October 1. There would be no such charge from January 1, 2020, the regulator said.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05 per cent. Japan's Nikkei was effectively flat. Shanghai lost 0.2 percent while Hong Kong's Hang Seng added 0.2 percent.

The three major USA stock indexes edged higher on Tuesday, logging record closes, with financial stocks providing the biggest boost.

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