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Wednesday, 10 January 2018

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Benchmark indices settled flat on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month.
Sentiment was subdued as broader Asian shares stepped back from their 2007 high, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.47 percent after six straight days of gains through Tuesday.
Finance Minister Arun Jaitley is expected to present the budget for the 2018/19 financial year on Feb. 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.
Key corporate earnings will kick off this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys on Friday.

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