Moneycontrol
Last Updated : Jan 10, 2018 04:37 PM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Indices end the day flat as investors turn cautious

Banks and auto stocks drove the market lower but that was offset by sharp rally in IT stocks ahead of TCS and Infosys earnings later this week.

Benchmark indices recovered in last hour of trade to end rangebound session flat with negative bias as investors turned cautious after crude oil prices hit fresh three-year high.

Banks and auto stocks drove the market lower but that was offset by sharp rally in IT stocks ahead of TCS and Infosys earnings later this week.

The 30-share BSE Sensex snapped four-day winning streak to close down 10.12 points at 34,433.07 while the 50-share NSE Nifty fell for the first time in last seven sessions, ending down 4.80 points at 10,632.20.

The consolidation for last two sessions after fresh record highs indicated that investors may prefer to stay on sidelines ahead of earnings and Union Budget 2018.

For more, watch the Markets@Moneycontrol show. Money control Research Analyst Shishir Asthana speaks to Anchal Pathak about what moved the markets today.
First Published on Jan 10, 2018 04:37 pm
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