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Sensex ends 137 pts down, Nifty at 10,458 levels; PSU banks fall

SI Reporter/New Delhi 01 Mar 18 | 03:30 PM


The benchmark indices ended marginally lower on Thursday afternoon amid thin trade.

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The S&P BSE Sensex ended the day at 34,047, down 137 points while the broader Nifty50 index settled at 10,458, down 34 points.

Indian equity, forex and commodity markets will remain closed on Friday, March 2, 2018, on account of Holi.

Among sectoral indices, Nifty PSU Bank index fell 1.87% on Thursday led by a decline in the shares of Indian Bank, Canara Bank and Bank of India.

In the domestic market, economic growth recovered to a five-quarter high of 7.2 per cent during October-December, backed by strong manufacturing and investment activity as the disruption caused by the goods and services tax (GST) bottomed out. The robust third-quarter performance led to a marginal upward revision in the second advance estimate for 2017-18 to 6.6 per cent from 6.5 per cent in the first estimate, though it was still lower than the 6.75 per cent projected by the Economic Survey. The data came after the markets ended on Wednesday.

In the global markets, Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of US monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting the dollar.

Fed Chairman Jerome Powell, in his first public appearance as head of the US central bank, vowed on Tuesday to prevent the economy from overheating while sticking with a plan to gradually raise interest rates.

That was enough to send investors out of stocks, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.35 per cent, while Japan’s Nikkei dropped 0.85 per cent.

(with Reuters inputs)

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Company Price Gain (%)
Hind. Unilever1,625.001.09
Kotak Mah. Bank1,328.400.62
Sun Pharma.Inds.579.000.47


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