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Markets snap three-day bull run ahead of F&O expiry

Tracking negating global cues as the US President Donald Trump’s much-awaited tax plan failed to excite investors, while back home ahead of the April series F&O expiry later in the day, the benchmark indices snapped their three-day bull run.
At 1240 hours, the Nifty50 index is trading on a flat note lower by 12 points whereas the 30-share BSE Sensex is at 30,057 level lower by 35 points on Thursday. The indices are trading in a very narrow range. Both the indices on Wednesday recorded history with hitting all-time highs.
If we look at the currency market, on Thursday the Indian rupee appreciated by 6 paise to 64.05 at open against its Wednesday’s close of 64.11, which is its 20-month high of 64.11 per US dollar.
While there are around earning of 27 companies for their March quarter on 2017 today which include Maruti Suzuki, Indiabulls real Estate, Hatson Agro, Relinace Capital, TVS Motor, Biocon, Syngene International, Kotak Mahindra Bank, etc among others.