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Thursday, 27 April 2017

Nifty closes below 9350, Sensex above 30,000, Market ends volatile

sensex nifty down
The benchmarks ended lower after witnessing high volatility. The BSE Sensex, fell 103.61 points or 0.34% to 30,029.74 while the Nifty50 index fell 9.70 points or 0.10% to 9,342.15. The Sensex ended a bit above the psychologically significant 30,000 mark after briefly slipping below that level in late trade. The Sensex and the Nifty retracted after hitting their record high levels in the intraday.

ITC Ltd fell 2.08% to Rs 284.60. It hit a high and low of Rs 292 and Rs 283.95, respectively in intraday trade. HDFC fell 1.39% to Rs 1,562.90, hitting a high of Rs. 1589 and a low of Rs 1,562.90. 

Kotak Mahindra Bank advanced 1.42% to Rs. 913.15 after company’s profit rose 40.34% to Rs 976.48 crore. Adani Enterprises witnessed 13 percent rise at intraday after it was out of the Future & Option ban but later pared gains to end nearly 5 percent lower. 

U.S stocks settled lower as investors analyzed details of U.S President Donald Trump's highly-expected tax reform plans, while Asian stocks ended on a mixed note.

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