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The market snapped a five-week winning streak and fell sharply by more than 1,100 points on the Sensex, weighed by geopolitical tensions surrounding around North Korea and disappointing earnings.
Bengaluru: Canada’s Brookfield Asset Management Inc. is at an advanced stage to invest around Rs800 crore in Total Environment Building Systems Pvt. Ltd, a Bengaluru-based builder of homes, from its global fund, according to two people familiar with the transaction.
Finally the market touched much awaited historic high of 10,000-mark in opening on Tuesday but failed to hold the same throughout the session and settled moderately lower on profit booking despite positive European cues. Investors turned cautious ahead of two-day Federal Reserve meeting that will begin tonight and monitored corporate earnings.
Key indices declined due to negative cues from European stocks. The barometer index, the S&P BSE Sensex, fell 152.53 points or 0.49% to 31,138.21, as per the provisional closing data. The Nifty 50 index fell 56.20 points or 0.58% to 9,573.80, as per the provisional closing data. Selling in bank shares put pressure on key benchmarks.
Key indices were hovering near days low in mid-morning trade. At 11:15 IST, the barometer index, the S&P BSE Sensex, was down 68.05 points or 0.22% at 31,222.69. The Nifty 50 index was down 33.35 points or 0.35% at 9,596.65. Realty shares declined. IT shares were mixed.
The Directors present the Strategic Report for the year ended 31 March 2017, which incorporates the Chairman's Statement and which has been prepared in accordance with the Companies Act 2006.
Key indices held firm in early afternoon trade with sentiments buoyed after chief of the India Meteorological Department (IMD) reportedly commenting that India may likely receive higher monsoon rainfall than previously forecast. At 12:20 IST, the barometer index, the S&P BSE Sensex was up 234.07 points or 0.78% at 30,167.32. The Nifty 50 index rose 63.45 points or 0.68% at 9,380.30. The Sensex had hit record high above psychological 30,000-mark in mid-morning trade after regaining that mark in early trade.
Peninsula Land, a leading real estate company on Wednesday declined by more than 6% in the morning session on the BSE. It is trading down 6.6% at Rs 24.65 at 10:21 AM IST on BSE.
Realty firm Peninsula Land today said it has clocked revenues of Rs 675 crore between February and March 2017.
Shares continued to trade in narrow range in mid-afternoon trade. At 14:17 IST, the barometer index, the S&P BSE Sensex, was up 158.09 points or 0.54% at 29,395.24. The Nifty 50 index was currently up 53.60 points or 0.59% at 9,098.80.
Key benchmark indices retreated from almost two-year highs as profit booking emerged at higher levels. The barometer index, the S&P BSE Sensex, lost 144.70 points or 0.50% to settle at 28,839.79. The Nifty 50 index fell 46.05 points or 0.51% to settle at 8,899.75. The Sensex settled below the psychologically important 29,000 mark after trading above that level for most part of the trading session. Key equity benchmarks were weighed by slide in shares of index heavyweight and cigarette maker ITC and bank stocks.
Reversing their prior two-day slide, the key benchmark indices logged steady gains supported by good domestic economic data and positive global cues. The barometer index, the S&P BSE Sensex, jumped 241.17 points or 0.84% to settle at 28,984.49. The Nifty 50 index rose 66.20 points or 0.75% to settle at 8,945.80. Both the Sensex and the Nifty settled at their highest levels in almost 25 weeks.