Indian share markets finished on a flat note after a five-session record-setting spree as profit booking was witnessed in metal stocks, capital goods stocks, consumer durables stocks, and power stocks ahead of January month expiry in the derivatives segment
At the closing bell, the BSE Sensex closed higher by 22 points and the NSE Nifty finished higher by 3 points. The S&P BSE Mid Cap finished down by 0.6% while S&P BSE Small Cap finished down by 0.9%.
TCS share price finished the day on an encouraging note (up 2.1%). TCS became India’s second company to cross Rs6 trillion market capitalisation after its shares rallied approx. 20% so far this year. TCS is far behind among global technology firms in terms of market capitalization. It holds the 17th position among the topmost valued international technologies firms.
Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.37% and the Hang Seng rose 0.08%. The Nikkei 225 lost 0.76%. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.47% while France’s CAC 40 is off 0.14% and Germany’s DAX is lower by 0.09%.
Rupee was trading at Rs 63.64 against the US$ in the afternoon session. Oil prices were trading at US$ 64.58 at the time of writing.
In news from the economy, highlighting India is coming out of post Goods and Services Tax (GST) implementationwoes, global rating agency, Standard & Poor’s (S&P) ratings, in its latest report titled ‘APAC Economic Snapshots, January 2018’ has said that overall economic risks in India remain low, on the back of pick up in industrial output and bank credit.
However, the rating agency raised concerns over rising crude oil prices, terming it as a ‘risk’ for the country, as a majority of India’s import bill stem from crude oil purchases.
