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Thursday, 11 May 2017

Sensex and Nifty end flat, but at record closing highs, 12 May Stock Prediction Tomorrow

The key indices settled at record closing highs on Thursday for the second consecutive session, but removed most of intraday gains since investors booked profits with  Hindustan Unilever and Bharti Airtel. The BSE Sensex ended at 30,250.98, up 2.81 points, while the NSE Nifty-50 Index closed at 9,422.40, up 15.10 points. In the broader market, both the BSE Mid-cap and Small-cap indices pared intraday gains to end flat. On the BSE, 1,581 shares rose and 1,246 shares fell. A total of 165 shares were unchanged. 

Stocks of Auto, IT, metals and Zee Entertainment gained all through the day, while O&G and Bharti Airtel were a drag. Banks stocks also gained. The Nifty PSU Bank index rose 1.4%, led by gains in Union Bank, Allahabad Bank, Bank of Baroda and Bank of India, which added anywhere between 2 to 3%.
Bharti Airtel Ltd shed over 2 percent to Rs 364 after the stock gained 8 percent in the last session, a second successive quarterly decline. Shares of Hindustan Unilever slipped 2 percent to Rs 978 after hitting all-time high in the last session in anticipation of an above average monsoon this year.  

European, Overseas markets were under pressure since investors reacted to the new batch of corporate earnings and robust gains in oil prices, but most Asian stocks rose as global equities remained at record levels and a recover in oil boost up energy producers.


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