Published: Wed, May 09, 2018
Finance | By Cynthia Curry

Sensex ends little changed; ICICI Bank jumps

Sensex ends little changed; ICICI Bank jumps

The 30-share index was trading higher at 35,046.40 at 1115 hrs, showing a gain of 131.02 points, or 0.38 per cent. However, a higher opening in the domestic equity market capped the losses.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 1,037.23 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 635.24 crore yesterday, provisional data showed. Shares in ICICI Bank, which had reported earnings the previous day, rose almost 7 per cent.

Sectorally, banks, realty, finance and oil and gas gained the most, with the BSE Bankex settling 1.32% higher.

In the Sensex pack, ICICI Bank emerged on top with a rise of 6.86 percent, followed by SBI 1.42 percent and Axis Bank 1.18 percent. While, IT and Pharma fell 0.21 per cent and 0.49 per cent, respectively.

On the other hand, Mahindra & Mahindra (0.85%), Infosys (0.71%), Wipro (0.69%), Hindustan Unilever (0.57%), Kotak Mahindra Bank (0.37%), and HDFC Bank (0.31%) were the biggest losers in the Sensex.

Heavy selling pressure on the capital goods and consumer durables stocks restricted further gains, market analysts said.

US job growth picks up, unemployment rate falls to 3.9 per cent
Historically, employment has dropped below 4 percent just before a slowdown or crash, as the Washington Post reported . Barrera adds that it is also younger people who are new to the workforce that are seeing more opportunities as well.

"Major Asian markets have closed on a mixed note".

Asian shares ended mixed despite the strong closing on Wall Street as investors digested last week's trade talks and United States jobs numbers.

Brent crude futures, the global benchmark for oil prices, shed 0.85 percent to $75.52 a barrel.

Japan's Nikkei quoted 0.31 per cent higher while Hong Kong's Hang Seng gained 1.26 per cent in their early deals.

In the broader market, the BSE Midcap was marginally lower by 0.24%, while the BSE Smallcap was up 0.02%. London's FTSE, however, was up 0.08 percent.

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