Sensex rises for 8th straight session; Nifty reclaims 10500

Rodiano Bonacci
Aprile 16, 2018

Although, investors appeared slightly cautious amid mixed cues from global markets after a US-led strike on Syrian targets in response to alleged chemical weapons attacks, fuelling fresh geopolitical tensions.

However, at 10.35 am, the BSE Sensex was trading 34,142.63, 50.02 points or 0.15% lower, whereas the broader NSE Nifty was down 0.145 or 14.25 points to trade at 10,466.35. The index in fact ended up closing with a gain of 112.78 points at 34,305.43.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent.

The broader NSE Nifty too, gained nearly half a per cent to close at 10,528.35.

Hero MotoCorp (2.02%), Kotak Mahindra Bank (1.88%) and Adani Ports (1.85%) were the top gainers on Sensex.

Meanwhile, the NSE and the BSE, along with banks, Stock Holding Corporation of India Limited (SHCIL), and designated post offices, has started selling Sovereign Gold Bond, 2018-19-Series-I bonds from Monday.

Infosys followed Tata Motors and lost over 3.10% at 1,132 level after the firm cut its margin guidance for FY19, and disclosed plan to sell Panaya and Skava during its Q4 earnings announcement on Friday.

In other Asian markets, Hong Kong's Hang Seng shed 1.44 percent, while Shanghai Composite Index was 1.05 percent down in early trade. However, Japan's Nikkei was up by 0.26 percent. Nasdaq and S&P 500 was also down by 0.47 percent and 0.29 percent respectively.

The rupee fell 20 paise to 65.40 against the U.S. dollar in early trade on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE