Tuesday 17 April 2018

Closing Bell: Sensex ends rangebound session higher; hotels, jewellery, realty stocks rally

Closing Bell: Sensex ends rangebound session higher; hotels, jewellery, realty stocks rally. Benchmark indices were in the green in pre-opening trade, following positive lead from global peers.


Benchmark indices were in the green in pre-opening trade, following positive lead from global peers.

Market Closing: Benchmark indices managed to end near day's high after volatility throughout the session.

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The 30-share BSE Sensex was up 89.63 points to 34,395.06 and the 50-share NSE Nifty gained 20.30 points at 10,548.70.

Nifty Midcap index was up 26 points.
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Indian Hotels, Taj GVK, Lemon Tree Hotels and Kamat Hotels rallied up to 20 percent.

Puravankara, Kolte-Patil, Hubtown, DLF, PC Jeweller, Titan Company, TBZ, United Breweries, Parag Milk Foods, Jet Airways, DCB Bank, DHFL, Tata Coffee and Jubilant Foodworks gained up to 6 percent.

Fortis Healthcare, UCO Bank and IRB Infrastructure fell up to 3 percent.

Consumption stocks on buyers' radar: United Breweries and Parag Milk Foods jumped over 5 percent while Jubilant Foodworks gained a percent.

Ramky Infrastructure share price rallied 12.66 percent intraday after receiving provisional completion certificate for the project in J&K.

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Its subsidiary Srinagar Banihal Expressway had received the project 'rehabilitation, strengthening and four laning of Srinagar to Banihal, section of NH-1A on DBFOT (Annuity) basis in Jammu & Kashmir under NHDP-Phase-II from National Highways Authority of India (NHAI).

"Srinagar Banihal Expressway has received 'Provisional Completion Certificate' from independent engineer and declared fit for entry into commercial operations of the project highway effective from March 27, 2018," the company said in its filing.

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