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techkenyot.com July 23, 2018


Markets erode gains in last hour; Sensex, Nifty slip below psychological marks

11 October 2017, 03:25 | Edward Lowe

Retail investors and domestic financial institutions built up positions ahead of release of data sets of IIP for August and inflation for September, to be released tomorrow. But in the end, the BSE index ended lower by 90.42 points, or 0.28 per cent, at 31,833.99, with profit-booking posing an overhang in the later part of the session.

Top gainers included Bharti Airtel, TCS, HPCL, BPCL, Wipro, Bharti Infratel, M&M and HUL while BHEL, Tata Motors, Yes Bank, SBI, Vedanta, Dr Reddy's Labs and Lupin declined.

Pakistan face BD as Asia Cup begins today
Pakistan played a practice match against China on Monday and defeated them by 3-2. Hosts Bangladesh and Pakistan come across at 4:30pm PST in the second game.

Domestic markets also took support from the other Asian markets, where shares hit decade highs.

Japan's Nikkei was up 0.22 per cent and Shanghai Composite rose 0.23 per cent in their early trading. Wall Street scaled all-time highs overnight.

AtriCure, Inc. (ATRC) Under Analyst Spotlight
It has outperformed by 36.65% the S&P500.The move comes after 7 months negative chart setup for the $782.82 million company. California Public Employees Retirement has 0% invested in AtriCure Inc. 85 are held by Glenmede Tru Na. (NASDAQ:ATRC).

Extending its rally, the 30-share index advanced 139.17 points, or 0.44 percent, to 32,063.58. Reliance Industries too rose 1.54 per cent to Rs 856.35 ahead of its second quarter earnings later this week.

On Wednesday, the equity benchmarks Sensex and Nifty registered losses in the last hour of trading to finish below the previous closing levels.

Investment Research Analysts Opinion: Pepsico, Inc. (PEP), STMicroelectronics NV (STM)
Todd Asset Management Limited Liability Company owns 1,914 shares for 0.01% of their portfolio. $337,775 worth of PepsiCo, Inc. It has underperformed by 80.46% the S&P500.The move comes after 6 months positive chart setup for the $57.78 million company.

Midcap and smallcap shares were seen outperforming the broader indices in morning deals - up between 0.6 per cent and 0.75 per cent.



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