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Closing Bell: Sensex , Nifty end on a Negative Note In market

Market Closing – The Sensex was down 47.79 points at 29413.66, while the Nifty was down 11.50 points at 9139.30. The market breadth was narrow as only 1,505 shares advanced against a decline of 1,409 shares, while 171 shares were unchanged. Benchmark indices ended the day on a negative note, with the Nifty ending below the 9150-mark. GAIL, Reliance and Indiabulls Housing were among top gainers, while NTPC, Sun Pharma and Bharti Infratel were top losers on both the indices. Private sector lender DCB Bank share price dropped nearly 7 percent intraday Monday after subdued profit growth on elevated provisions and asset quality. Profit during January-March quarter fell 23.88 percent year-on-year to Rs 52.9 crore as provisions increased 24.6 percent on yearly basis (up 11.1 percent QoQ) to Rs 33.9...
Sensex, Nifty Closed on Account of ‘Mahashivratri’ ; Asia at 2 Month High

Sensex, Nifty Closed on Account of ‘Mahashivratri’ ; Asia at 2 Month High

The domestic stock market will remain close on Monday on account of a public holiday. The benchmark indices managed to close the week ended March 4 with gains of over 6 per cent each, but going forward local and global cues will drive market direction. The S&P BSE Sensex closed 39.49 points higher at 24,646.48 while Nifty50 ended 9.75 points higher at 7,485.35 on Friday. The market had one of the best weeks in a long time as the Union Budget exceeded expectations mainly on account of fiscal prudence. Expectations of a rate cut by RBI sustained sentiments. Supportive global markets also supported the sharp gains following a sharp fall ahead of the Budget,” said Dipen Shah, Senior Vice-President & Head of Private Client Group Research, “Going forward, the market will watch out for the rate cut in the immediate term. After that, quarterly earnings, monsoon rains, implementation of Budget proposals and reforms will be the important...
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