Thursday, 28 January 2016

Share market Closing Update

LIVE: Sensex up over 50 points, Nifty above 7,450; Jindal Stainless Hisar falls 5%
Sensex was trading up 10.20 points at 24,502.59. Today being the last trading session of the January futures and options expiry, winding-up of positions and profit-booking at select stocks took their toll.
The BSE Sensex and NSE Nifty closed on a flat note with marginal losses on the last day of derivatives expiry for January series. Sensex closed 22.82 points down at 24,469.57 on Thursday, while Nifty settled 13.10 points down at 7424.65.
In scrip specific development, telecom stocks Bharti Airtel, Idea Cellular and Reliance Communications remained under pressure after the Telecom Regulatory Authority of India (TRAI) proposed auction of 700 MHz spectrum at a reserve price of Rs 11,485 crore per MHz. This is the highest reserve price fixed for a band ever since the process for spectrum auction started nearly five years ago.

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