Nifty closes at 9274, Sensex closes at 29,974 up 64 points from previous close

The benchmark indices Nifty closed at 9274.24, up by 27 points. BSE Sensex closed at 29,974.24 levels, up by 64.02 points with just one left for RBI policy announcement. The BSE Midcap rose 0.46% at 14,256 and BSE Smallcap indices rose 1% at 14,785.

The overall market breadth was positive. There were 1965 advances against a 956 declines and a total of 136 shares were unchanged.

Maruti Suzuki and Adani Ports rose above 4 percent each and topped the majors, whereas, HDFC and HCL Tech were the top losers.

Shankara Building Products shares listed at Rs 555 on the NSE, a 21% premium against its issue price of Rs. 460. The stock extended intraday gains to settle 39% higher at Rs. 638 against its Initial Public Offering. 

European and Asian stocks were higher. U.S stock markets closed with small gains yesterday ahead of a key meeting between President Trump and Chinese President Xi Jinping on 6 & 7 April 2017.

Nifty closes over 9200 for first time ever, Sensex closes 90 points

Indian market registered modest gains in the first trading session of the week. The BSE Sensex, advanced 289 points or 0.98% at 29,910.22, The NSE-Nifty-50 index rose 64 points or 0.7% at 9,237.85. BSE Mid-cap Index closed up 0.6% at 14,189 while, BSE-Small-cap Index closed up 1.2% at 14,620. Reliance, L&T, ICICI, and HDFC were the top contributors to the Nifty gains. About 1244 advanced, 428  shares declined  and 269 shares  unchanged on NSE, reflecting bullish sentiment floating in the market.  L&T was the top Nifty gainer whereas, Bharti Airtel was the top Nifty loser today.  Bharti Airtel closed at Rs 342 p

er share up by Rs 7 and Infosys closed at Rs 1,009 per share up by Rs 11.

Indian rupee strengthened to its highest in nearly 1 ½ years and bonds rallied.  Foreign Portfolio Investors (FPIs) pumped in a record Rs. 57,000 crore in Indian capital markets in the month of March, the biggest monthly total since 2002, as per stocks depository services provider NSDL.

NSE index rose about 0.51% to a record high of 9,220.65 points, exceeding its previous landmark of 9,218.40 points hit on 17 March. The bonds have also rallied, reflecting the benchmark ten-year bond yield down near 14 bps to 6.55%.

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Sensex eases as April series eyes negative note; RIL top gainer

The benchmark Index Nifty-50 pared all its initial losses to settle the first day of the April Future & Option series flat as investors booked profits in recent outperformers. On closing Friday, the BSE Sensex ended at 29,620, down 27 points, while the broader Nifty50 ended flat unchanged at 9,173.
The broader market outshined with the BSE Midcap going up 0.8% and the BSE Smallcap going up 0.7% and hit their fresh lifetime highs. On BSE, about  1620 shares rose and 1121 shares fell while  232 shares were unchanged.
Reliance Industries Ltd, SBI, HCL Technologies and Adani Ports from the Nifty50 index  hit their respective 52-week highs on the NSE. Reliance was the top gainer both on the Sensex & Nifty ending 4% higher at Rs 1320. Reliance’s telecom venture Reliance Jio’s  prime membership offer is set to expire today.