Closing Bell: Nifty ends flat, Sensex up 89 points; L&T, Axis Bank top gainers

Market at close: Benchmark indices ended higher for the fourth consecutive day with Nifty closed around 11,050 level.

The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. About 1287 shares have advanced, 1349 shares declined, and 159 shares are unchanged.

L&T, M&M, Axis Bank, ITC and Power Grid Corp were the top gainers on the Nifty, while losers include Wipro, IOC, Coal India, Zee Entertainment and Sun Pharma.

Among the sectoral indices, IT, metal, auto and pharma witnessed selling pressure, while some buying was seen in the bank, FMCG and infra sectors.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-flat-sensex-up-89-points-lt-axis-bank-top-gainers-3616981.html

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PSU banks extend gains led by PNB; Axis Bank hits new 52-week high, Zee Entertainment drags

The Sensex and the Nifty have managed to recover from the lows of the day with Nifty50 adding 27 points, trading at 11080 while the Sensex gained 158 points and was trading at 36,794 mark.

Nifty PSU Bank was the outperforming sector, up over 1 percent led by PNB, Bank of Baroda, Oriental Bank of Commerce, Syndicate Bank, Vijaya Bank and Canara Bank.

From the private banking space, the top gainers were Axis Bank and HDFC Bank.

Selective infra stocks were buzzing in this afternoon session led by Larsen & Toubro, Bharti Airtel, NHPC, Power Grid and Vodafone Idea.

From the FMCG space, the top gainers were ITC, Jubilant Foodworks, Hindustan Unilever and Godrej Consumer.

However IT stocks were trading in the red with loses from Wipro, Infosys, Tech Mahindra and Oracle Financial Services.

From the media space, the top losers were DEN Networks, Dish TV, TV Today and Zee Entertainment.

The top gainers from NSE included Larsen & Toubro, Mahindra & Mahindra, Axis Bank, HPCL and ITC while the top losers included Wipro, Coal India, Indian Oil Corporation, Tech Mahindra and Zee Entertainment.

The most active stocks were Reliance Industries, L&T, Axis Bank, YES Bank and Indiabulls Housing Finance.

21 stocks have hit new 52-week high on NSE including Axis Bank, Bata India, Praj Industries, REC, Dalmia Bharat Sugar, Aavas Financiers and Adani Gas.

The breadth of the market favoured the advances with 900 stocks advancing and 826 declining while 348 remained unchanged. On the BSE, 1318 stocks advanced, 1261 declined and 150 remained unchanged.

Source:https://www.moneycontrol.com/news/business/markets/d-street-buzz-psu-banks-extend-gains-led-by-pnb-axis-bank-hits-new-52-week-high-zee-entertainment-drags-3619461.html

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Nifty holds above 11,050 in flat trade; metal stocks under pressure

Market Opens: It is a firm start for the Indian indices on Thursday with Nifty trading above 11,050 level.

The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged. 

IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel.

Among the sectoral indices, metal index is under pressure with 1 percent cut, followed by auto, pharma and PSU Bank, while some buying is seen in the energy, infra, FMCG and IT.

Rupee Opens: The Indian rupee gained in the early trade on Thursday. It opened higher by 20 paise at 70.08 per dollar versus previous close 70.28.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-holds-above-11050-in-flat-trade-metal-stocks-under-pressure-3616981.html

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Closing Bell: Nifty ends above 11,050, Sensex up 193 points; Dilip Buildcon gains 14%

Market at close: Benchmark indices ended higher for the third consecutive day with Nifty finished above 11,050.

The Sensex was up 193.56 points at 36636.10, while Nifty was up 65.50 points at 11053. About 1636 shares have advanced, 1025 shares declined, and 147 shares are unchanged. 

BPCL, Bajaj Finance, ICICI Bank, Reliance Industries, Vedanta, Power Grid Corp and Bharti Infratel were among major gainers on the indices, while Tata Motors, Axis Bank, HUL, Hero Motocorp, HCL Tech, Zee Entertainment and Indiabulls Housing were on the losing side. 

Among the sectors, except auto all other indices ended in green led by energy, pharma, infra and metal.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-above-11050-sensex-up-193-points-dilip-buildcon-gains-14-3612041.html

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Aluminium futures slip 0.31% on muted demand

Aluminium prices fell 0.31 percent to Rs 145.20 per kg in futures trade on Wednesday as speculators cut down their positions, taking negative cues from the spot market on muted demand.

At the Multi Commodity Exchange, aluminium for delivery in March declined by 45 paise, or 0.31 percent, to Rs 145.20 per kg in a business turnover of 2,284 lots.

Likewise, the metal for delivery in April fell by 60 paise, or 0.41 percent, to Rs 145.35 per kg in 137 lots.

Analysts said, cutting down of positions by traders owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.

Source:https://www.moneycontrol.com/news/business/markets/aluminium-futures-slip-0-31-on-muted-demand-3614381.html

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Sensex gains 150 pts, Nifty around 11,050; Wipro, ITC in focus

Market Opens: It is strong start for the benchmark indices on Wednesday with Nifty opens above 11,000 level.

The Sensex is up 158.64 points at 36601.18, while Nifty is up 47.10 points at 11034.60. About 777 shares have advanced, 146 shares declined, and 43 shares are unchanged 

Wipro, Indiabulls Housing, L&T, HPCL, BPCL, ITC, Vedanta, Grasim, DHFL, are the top gainers on the indices, while losers are Bharat Forge, Reliance Capital 

All the sectoral indices are trading green, while midcap and smallcap also up 0.6 percent.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-gains-150-pts-nifty-around-11050-wipro-itc-in-focus-3612041.html

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Opening Bell

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