Thursday 12 April 2018

Closing Bell: Nifty rises for 6th straight day, Sensex up 161 pts ahead of macro data

Closing Bell: Nifty rises for 6th straight day, Sensex up 161 pts ahead of macro data. Metals, PSU banks, realty and pharma stocks were under pressure while IT stocks outperformed throughout the session.


Closing Bell: Nifty rises for 6th straight day, Sensex up 161 pts ahead of macro data.

Metals, PSU banks, realty and pharma stocks were under pressure while IT stocks outperformed throughout the session.
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Market Closing: Benchmark indices ended higher for the sixth consecutive session, with the Sensex rising 160.69 points to 34,101.13 and the Nifty gaining 41.50 points at 10,458.70 ahead of macro data due later in the day and Infosys earnings tomorrow.

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Metals, PSU banks, realty and pharma stocks were under pressure while IT stocks outperformed throughout the session.

Jaiprakash Associates, Balrampur Chini, Triveni Engineering, Dwarikesh Sugar, SAIL, IRB Infrastructure, OBC, Union Bank, Andhra Bank, Bank of India, Indraprastha Gas, Gujarat Gas, Bata India, Adani Enterprises, Rain Industries and Goa Carbon fell up to 6 percent.

Tata Sponge, Tata Metaliks, Dish TV, Hathway Cable, Future Consumer, Future Retail, Fortis Healthcare, Harrisons Malyalam, NIIT Tech, Hexaware and Tata Elxsi rallied up to 10 percent.

Oil off highs: Oil markets edged back from highs last reached in late 2014 as ample supplies weighed, but prices were underpinned by worries over military escalation in Syria and trade tensions between the United States and China.

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Brent crude futures were at USD 72.02 a barrel, down 0.06 percent from their last close.

Both Brent and WTI on Wednesday hit their highest since late 2014 at USD 73.09 and USD 67.45 a barrel respectively after Saudi Arabia said it intercepted missiles over Riyadh and US President Donald Trump warned Russia of imminent military action in Syria, reports Reuters.



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