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Monday, 24 April 2017

Nifty closes above 9200, Sensex rallies 290 points, Rupee strengthens

Market Update, Market closing update, equity news
Key benchmark indices triggered  the starting week on a strong footing tracking positive trend in global markets, after the preferred candidate, Emmanuel Macron, won the first round of the French presidential voting.
The BSE Sensex was up 290.54 points at 29,655.84 while the NSE Nifty closed above 9,200-mark for the first time since April 12,  rising up 98.55 points at 9,217.95. The broader markets kept momentum  similar to benchmarks as the BSE Mid-cap index was up 0.95% and Small-cap rose 0.8% on strong breadth. About 1627 shares rose against 1297 falling shares on the exchange.
The BSE turnover figured to Rs 4,344.58 crore, lower than the figure of Rs 7376.16 crore registered on Friday, 21 April 2017.
The Indian rupee strengthened per US dollar while bonds fell, with the benchmark ten-year bond yield rising 2 basis points to 6.94 percent.
Indian Bank closed at Rs 284 per share, up by Rs 23 or 9%, while Reliance Power closed at Rs 49 per share up  5%. Shares of ITDC, jumped nearly 13% hitting an intraday high and low of of Rs 747 Rs 650 per share, respectively. The stock closed at Rs. 719.50 share apiece higher by 14 percent


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