Sensex ends flat in cautious trade ahead of Fed's outcome

Adjust Comment Print

Geo-political issues returned after US President Donald Trump, in his speech to UN General Assembly, threatened to "totally destroy" North Korea if it persists with its ballistic missile and nuclear programme. Europe too had its share of weakness. The gauge had shed 21.39 points in the previous session.

Sensex was up by over 82 points or 0.25% at 32,484.96 while the wider Nifty was up by 19 points or 0.19% at 10,166.55. FII's passive trading approach with capital inflow limited to primary market and debt also might have weighed down the momentum. "The consensus is showing status quo in interest rate while investors are keenly looking for any announcement for trimming the balance sheet", said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

Bharti Airtel recovered from early losses to close half a percent higher while Idea Cellular shares tumbled 3.7 percent.

On the other hand, Hero Motocorp (2.29%), Tata Motors (1.98%), Sun Pharmaceutical Industries (1.96%), Hindustan Unilever (1.66%), I C I C I Bank (1.21%), and Asian Paints (1.14%) were the biggest losers in the Sensex. It closed at Rs 847.10 per share - up 0.85 per cent.

Amazon Blamed for Toys R Us Bankruptcy
Amazon and Toys "R" Us settled the case in 2009. "I've always said that if there's no Toys "R" Us, there is no toy business". Toys "R" Us didn't announce plans to close stores, and said its locations across the globe would continue normal operations.

Reliance Industries rallied 4 percent, followed by L&T, ONGC, HDFC Bank, ITC, Tata Power and Yes Bank.

Tata Steel advanced 1.4 percent after the miner entered into a joint venture with Germany's Thyssenkrupp to merge their European steel businesses.

Hong Kong's Hang Seng was trading higher by 1.07 per cent, while Shanghai Composite rose 0.25 per cent in late morning trade.

EPC company, NBCC announced on September 20 that the company received order worth Rs 4,000 crore order to build a housing complex for excise department in Mumbai. Even domestic institutional investors (DIIs) offloaded shares worth a net Rs 77.68 crore yesterday, as per provisional data.