Wednesday, 29 March 2017
Markets end the day higher, Nifty Bank up 0.8%, Auto stocks fell
Benchmark indices settled the trading Wednesday higher with the Nifty settling near 9,150 mark led by banking stocks. The BSE Sensex settled the day at 29,531, up 122 points, while the Nifty ended at 9,143, up 43 points. The BSE Midcap gained 0.05%, while the S&P BSE Smallcap added 0.2%. About 1,275 shares advanced against a decline of 1,019 shares, while 168 shares were no changes.
ICICI Bank, SBI, Bharti Airtel and HUL were top gainers on BSE Sensex, while Sun Pharma, HeroMoto, Maruti and Tata Motors were the top losers.
Auto stocks fell after Supreme Court today banned the sale of BS-III vehicles beyond March 31. Nifty Auto fell 1% at intra-day after the decision, ending 0.6% down. HeroMoto Corp was hit the most, down 4% followed by Ashok Leyland, Eicher Motors and Tata Motors.
Meanwhile, the rupee hit at robust level against the US dollar in nearly 1½ years. FPIs have bought a net USD 6.91 billion in debt and equities this month on hopes of an improving economy.
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