Sensex closed at 29,943 levels, Nifty above 9300 for first time ever, RIL rise 3.4%

The benchmark indices NSE Nifty-50 index closed at 9,306, higher by 88.65 points or 0.96%, whereas the Sensex closed at 29,943.24, higher by 287.40 points Nifty closed above 9,300 for the first time since April 12, 2017. Nifty bank, Sensex and  Nifty Midcap closed at their ever high levels today. The BSE Mid-cap Index closed up by 0.9% at 14,625 whereas the BSE Smallcap Index closed up by 0.8% at 15,291.
Bharti  Infratel  Ltd was the top Nifty gainer while, Tata Power was the top Nifty loser. Reliance Industries Limited (RIL) climbed nearly 3.4% to its highest since May 2008, keeping it the biggest gainer on the NSE index, after the company on Monday posted a 12.8% rise in Q4 profit, beating expectations.
Bank stocks finished recorded  a strong note with  share price of Bank of India and Axis Bank leading the gains. There were 884 advancing shares , 777 declining stocks and 297 unchanged stocks on NSE.  A bullish undertone floated in the market.
The Indian rupee strengthened to as much as 64.2750 per dollar. Oil prices were trading at USD 49.34.

Sensex, Nifty close slightly lower as healthcare, FMCG stocks fall

BSE Sensex rose for a second consecutive day on Friday and was on track to gain a small weekly gain as investors hunted for bargains after recent falls, with Reliance Industries leading gainers after the company commissioned a key hydrocarbon unit.

The barometer index, the BSE Sensex, fell 57 points or 0.19% at 29,365.30, while the Nifty50 index fell 17 points or 0.19% at 9,119. Slackness in European stocks dampened sentiment. BSE Small-cap and BSE mid-cap hit record highs, with the Nifty Smallcap-100 index rising 1.1%, while the Nifty Midcap-100 index up 0.6%.

Reliance, HDFC Bank and NTPC gained the most on BSE Sensex while ITC, Sun Pharma, Adani Ports and Cipla were the biggest losers on the index.

HDFC Bank’s shares hit record high of Rs 1,500, up 2.6% on BSE after the bank reported a better growth of 18% in standalone net profit at Rs 3,990 crore for the quarter ended March 2017.

Asian stocks finished mixed from the most recent closing prices. European markets are lower. The rupee was trading at Rs 64.57 against the US Dollar in the afternoon session, while Oil prices were trading at USD 50.67.

Sensex, Nifty on a Flat Note; Indiabulls Real Estate Soars 40%

Markets settled today, 17 April 2017, marginally lower dragged by metal stocks, power and PSU stocks. The market sentiments were subdued on account of weak Asian markets.

On closing, the BSE Sensex stood lower by 48 points, while the NSE Nifty settled down 12 points. Meanwhile, the BSE Mid-Cap and Small-Cap finished the race going up 0.2% and 0.5% each.

Sun pharma Ltd fell 2.5% after the US FDA issued its observations without hurdles. Pharma stocks kept its way on a mixed note. Meantime, shares of Natco Pharma Ltd and Aarti Drugs witnessed majority of the buying activity.

Overseas, Asian equities ended mixed, with the US dollar sinking against the yen, following tensions in the Korean Peninsula. The rupee was trading at Rs 64.42 against the  Dollar in the afternoon session. Oil prices were trading at USD 52.76.

The Finance Ministry has endorsed the employees' provident fund interest rate at 8.65% for the 2016-17 financial year, which will benefit over 40 million subscribers EPFO. The fund will witness a surplus after providing 8.65 percent interest rate for the last financial year.

Sensex rises 116 pts; Nifty settles March F&O series at record high

The benchmark indices continued their rising flash for third consecutive session after the Lok Sabha approved four legislations to give shape to the GST bill. The BSE Sensex, rose 116 points or 0.39% to 29,647.42, The NSE Nifty index rose 29.95 points or 0.18% to 9,173.75. Trading was volatile in consideration of March series expiry.
In the broader markets, the BSE Mid-Cap index rose 0.39%, while The BSE Small-Cap index rose 0.95%, outperforming the Sensex.
Logistics shares rose higher after the passage of the GST bills. Allcargo Logistics rose 4.4% while VRL Logistics shot up 4.3% and GATI gained 2.5%.
Auto stocks including Hero MotoCorp Ltd and Ashok Leyland Ltd recovered from steep losses after the Supreme Court banned sale of new vehicles with older Euro-III fuel technology from April 1.

Sensex closes up 164 points, Nifty 0.62% higher on recovery in global markets

BSE Sensex closed higher by 164 points, or 0.56%, to 29,332, while the NSE Nifty rose 55.85 points to 9,086.30. Sensex rose today tracking a recovery in global markets with energy shares leading the gains, whereas financial and auto shares bounced back. Key indexes had on Wednesday clocked their highest intraday loss in over 2 months, boosted by a slump on the Wall Street due to a lack of clarity in Trump’s economic policies. U.S shares picked up on Wednesday while Asian stocks rose on Thursday, taking signals from gains on Wall Street.

Share price of NTPC finished on an cheerful note, up 2.3%, after the company reported seeking to buy the federal government's stake in hydro-power producer SJVN Ltd. to increase the share of non-fossil fuel generation capacity.

Share price of Cairn India surged 2.7% after the government approved a policy for extending the term of more than two dozen oil & gas production contracts signed in a bid to bolster energy security. The move is expected to obtain an additional investment of about USD 5.43 billion.

The rupee was trading at Rs 65.42 against the US Dollar in the afternoon session. Oil prices were trading at US Dollar 48.35 at evening.

Sensex closes down 318 points, Nifty 1% lower on concern over Trump’s policies

Sensex dropped for a third consecutive session on Wednesday as banking and automobile shares fell. Asian stocks fell as worries on Donald Trump’s economic growth agenda provoked investors to dump risky assets looking for safe havens such as government bonds. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3%.
On closing, the barometer index, the BSE Sensex, lost 317.77 points or 1.08% at 29,167.68, while the Nifty 50 index was down 91.05 points or 1% at 9,030.45. Stocks in the metal and banking sectors had rose up to a high extent. About 990 shares advanced, 1822 shares declined and about 194 shares remained unchanged.
Auto stocks lost traction with M&M Ltd and Tata Motors falling 2% and 1.4%, respectively, to pull down the NSE index. Bharti Airtel was among the top losers on both the NSE and BSE indices, dipping nearly 3%.