Sensex closes down 221.73 points, Nifty Ends below 9200 on geopolitical concerns

Benchmark BSE Sensex edged lower, tracking Asian share markets as geopolitical worries grew after the U.S launched cruise missiles against an air base in Syria.
Both indices have gained near 0.8 percent on the week, and are heading for a second successive weekly gain. Telecom major Bharti Airtel and Idea Cellular rose near 2.53% and 3.35%, respectively, after their competitor Reliance Jio Infocomm,  announced that  the telecom regulator had asked it to withdraw a three-month complementary offer to subscribers.
The Nifty Realty index rose nearly  1.14% to its highest in nearly two years. Reserve bank of India on Thursday said it has allowed banks to invest in REITs and  InvITs within regulations set by the capital markets regulator.
Indiabulls Housing Finance was down 2.19%, after the company announced that it has allotted its 15th tranche of NCDs aggregating to Rs 1,000 crore on a private placement basis.
The Indian rupee strengthened to a fresh 20-month high against the USD, a day after RBI increased reverse repo rate and conveyed concerns about inflation. The rupee was trading at 64.41, up 0.20%, from previous day’s close of 64.54. It opened at 64.70 a dollar and touched a high of 64.33.

Nifty above 9250, Sensex Flat; RBI Maintains Status Quo on Repo Rate

The benchmark indices pared losses on Thursday after the RBI decided to keep the repo rate unchanged at 6.25% in proportion to the market expectations. The Sensex was down 46.90 points at 29,927.34, while the Nifty was down 13.30 points at 9,251.85 on closing. BSE Midcap  gained 0.15%, while BSE Smallcap  was down 0.23%. Market breadth showed gains with 1,476 advances against 1,403 declines on the BSE while a total of 140 stocks remained unchanged.

SBI, ITC and Hindalco were among the top losers, while BHEL, Tata Steel and Zee Entertainment were the top gainers on both BSE and NSE.

Nifty Bank index fell nearly 0.55%. The bank index has grown about 19 % percent this year. Jindal Steel and Power gained nearly 5.22% after posting a 12.3% rise in row, in quarterly consolidated steel production.

Asian markets finished on mixed note The Shanghai Composite gained 0.33%, while the Nikkei 225 led the Hang Seng lesser, falling 1.40% and 0.52% respectively. The Indian rupee was trading at Rs 65.04 against the US dollar in the afternoon session, while the Oil prices were trading at US dollar 51.18.

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.