Market Watch

Sensex, Nifty end flat; Markets to remain closed on Tuesday, Wednesday; Tata Steel up 2.91 pct

10 October 2016 - 04:08 PM

Indian shares closed slightly higher on Monday after three consecutive sessions of falls as investors saw less chance of Republican nominee Donald Trump winning next month's U.S. presidential election after a debate against Democratic rival Hillary Clinton.
 
Nifty ended up 0.13 percent at 8,708.80 after falling 0.82 percent in the past three sessions, while Sensex closed 0.08 percent higher at 28,082.34.
 
Indian financial markets will be closed on Tuesday and Wednesday for public holidays.
 
Earlier, markets kicked off the day on a positive note with NITI Aayog Vice-Chairman Arvind Panagariya’s statement that India can become a $10 trillion economy in the next 15 years, from the existing $2 trillion, like China did in last one and a half decade.
 
Among the 51-components in the Nifty index, 28 stocks ended the day in green with Tata Steel gaining 3.14 per cent, followed by ACC (up 2.56 per cent), Asian Paints (up 2.23 per cent), Cipla (up 1.99 per cent) and Hindalco (up 1.93 per cent). On the other hand, Bharti Airtel, Reliance Industries, Adani Ports, NTPC and BPCL declined 1.22 per cent, 1.17 per cent, 1.07 per cent, 1.05 per cent and 0.97 per cent, respectively.