Scan to Download
Indian shares closed flat after paring all of their intraday gains in last hour of trade dragged lower by a sell-off in oil and gas companies.
The S&P BSE Sensex gave up a 200-point intraday lead to end trade little changed at 26,210. Likewise, the NSE Nifty closed unchanged at 8,034.
#BQSpotted by @shraddha_babla | Mukand extends gains, is up around 30% so far this week. https://t.co/cXKTd2Y6ag pic.twitter.com/jaYlZczw5E
— BloombergQuint (@BloombergQuint) December 28, 2016
SEBI eases trading norms for equity derivatives contract.https://t.co/uCuK19rHzt pic.twitter.com/rkMlrHJuNF
— BloombergQuint (@BloombergQuint) December 28, 2016
Movers & Shakers: SpiceJet, Bharat Financial, Religare And More
While the Nifty has managed to halt its longest losing streak in over one-and-a-half years, the index is still not out of the woods. The 50-share index’s 50-day average is headed below its 200-day moving mean. That’s a so-called death cross, which some technical analysts consider a bearish signal.
The gauge has fallen near a six-month low after the government’s decision to scrap high-value currency bills led to a cash crunch that curbed consumer spending.
In May of this year, the index had witnessed a golden cross, which is the reverse of the death cross, triggering a rally in Indian equities which got interrupted by a combination of geopolitical concerns and Modi’s demonisation move.
Carrie Fisher, who played Princess Leia in the Star Wars films, dies at the age of 60.https://t.co/ImJKswJ4Jz pic.twitter.com/OwVqM4JIeC
— BloombergQuint (@BloombergQuint) December 28, 2016
U.S. consumers were more bullish than at any time in the last 15 years, according to a report from the New York-based Conference Board. Consumer confidence for December climbed to the highest since August 2001.
The share of those seeing more job availability six months into the future rose to the highest since February 2011.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
