Sensex, Nifty settle with Modest Gains: IT & Realty Stocks Rally, Tomorrow Stock Tips

Indian stock markets picked up momentum in the afternoon trade amid firm global markets. At the closing, the BSE Sensex closed higher by 116.76 points at 32,506.72 and the NSE Nifty finished up by 38.40 points at 10,184.90. The BSE Mid Cap finished up by 0.5% whereas Small Cap finished up by 0.1%. Gains were mainly seen in stocks such as realty, software and power sectors. 

Ultra Cement, Ambuja Cement, Bharti Airtel, HCL and Reliance are among the gainers, while Axis Bank, Infratel, Cipla Ltd, and Lupin are losing shine on NSE. Shares of Axis Bank continued to slide and lost 2.5% on BSE, with the stock extending post-result fall after the private sector bank reported its rise in bad loans on sequential and annual basis in Q2 Sept 2017. 

Telecom stocks carried on its good run with Idea share price and Bharti Airtel leading the gains. Stocks of telecom companies were up post last week's news of Reliance Jio Infocomm increasing its tariff plans whereby indicating stability in the market may be around the corner.

Sensex closes higher and Nifty flat amid volatility, Nifty prediction Tomorrow

The Sensex, Nifty jumped into positive terrain in the afternoon session on Friday, after trading pace was weak in morning trade over Escalating geopolitical worries, but Exchanges managed to close flat amidst volatility that touched an intraday high of 12.01, up by 4.7 percent. BSE Sensex closed higher by 30.68 points, or 0.10 percent to 32,272.61, while the Nifty ended down by 1.20 points at 10085.40. 

ONGC, Bajaj Auto, Coal India were top gainers, while BHEL, Dr Reddy’s Labs, NTPC ITC and IndusInd Bank were top laggards. ONGC shares rose to the extent of 5.24% to Rs 167.75, while Bajaj Auto rose 3.36%, Coal India up 1.98%, Infosys rose 1.76%, TCS up 0.52% and Wipro up 9.92%. 

The benchmark Sensex had advanced for 6 successive sessions and added 609.87 points in 6 trading days to finish at 32,272.61 points.

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Stock Closing Update- Sensex Nifty Gain Today, Metal Stock Gains

The benchmark indices settled with tiny gains after floating around the flat line in a range bound session of trade. The BSE Sensex rose 7.10 points or 0.02% at 29,933.25, while the NSE Nifty-50 index gained 2.80 points or 0.03% at 9,316.85, on closing. Positive global cues mainly aided gains on the Exchanges. 

The BSE Mid-Cap index rose 0.19 percent while the Small-Cap index gained 0.53 percent, outperforming the Sensex. The breadth, indicating the overall health of the market, was positive with 1,481 shares advanced and 1,356 shares declined on BSE. A total of 166 shares were unchanged. 

Capital goods stocks surged, Bharti Infratel edged higher after the company’s announcement of Q4 results. Metals stocks carried on its gain 0.77% together with IT stocks by 0.69%, and midcaps stocks gaining 0.51%. 

Adani Ports, Indian Oil Corporation and Larsen & Toubro, were top gainers on both Sensex and Nifity, while Indiabulls Housing Finance, Hero MotoCorp and Lupin were losing splendor.

21 April - Stock Markets pare losses Nifty down 0.3% for week

Extending losses for second successive week, benchmark indices settled Friday marginally lower as investors remained cautious in the earnings season. The Nifty index slipped below 9,100, dragged by Sun Pharma and ITC, but Reliance and HDFC Bank supported the market.

The BSE Sensex settled the day at 29,365.30, down 57 points, while the broader Nifty50 ended at 9,119.40, down 17 points. The BSE Midcap index and Smallcap index added 0.02% each.

Adani Ports, Sun Pharma and Bank of Baroda were the top losers, while Reliance Industries Ltd, HDFC Bank and Bharti Infratel gained the most. Axis Bank pared gains to end flat after rising 1.4% while ACC dropped 1% ahead of its March-quarter earnings result.

Reliance Industries Ltd on Friday recaptured the company’s status to be the most valued firm of India by market capitalization, going beyond TCS. Reliance gained 3.7% to Rs 1,420 after it commissioned a project to produce paraxylene at Jamnagar in Gujarat.

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