Sensex up 67 points, Nifty above 9300; Realty Stocks up 4.20%

Benchmark indices on Monday ended on a positive note with the Sensex rising up 67 points at 29,926.15, while the NSE Nifty-50 Index was up 28 points at 9,314.05
 

The broader BSE Midcap and the BSE Smallcap indices outperformed, gaining 0.5% and 0.7%, respectively. The market breadth was positive with 946 shares advanced while 603 shares declined and 82 shares unchanged.
 

Lupin, Bharti Airtel, BHEL, Asian Paints, and ICICI Bank were top gainers, while ITC, HDFC, Bajaj Auto, Larsen, and Adani Ports were the losers in the Sensex. The Bank Nifty closed higher by 0.72 percent at 22767.35.

Sensex down 267 points, Nifty 0.80% lower on profit booking

The  NSE Nifty hit a record high on Friday early trade, but reversed course to trade lower amid weak Asian markets, due to  a drop in crude prices. On closing, BSE Sensex marked  lower by 267.41 points, or 0.89%, to 29,859, while the NSE Nifty 50 fell 75 points, or 0.80%, to 9,285.30.
The Nifty PSU bank index advanced  2.35% to its highest since 4 March 2015, with SBI  jumping more than % and Canara Bank gaining around 7%. PSU Bank stocks trading higher in the morning hours and were trading close to its 52-week high. The Canara Bank from the PSU Bank stocks was the lead  performer today, touching  intraday high of Rs. 416 per share.
Indian oil explorers fell on weak crude oil prices, with ONGC and Oil India going down more than 2% each. Oil refiners and airlines stocks advanced with IOC climbing 2.1%. while Spice jet was up 8.4%.
Asian stocks registered a mixed trend. U.S stocks closed almost flat yesterday, 4 May 2017, since energy stocks put a lid on the broader market despite slide in crude oil prices.

Sensex gains 231 points, Nifty ends above 9350 as banking stocks jump

Indian Stock market registered modest gains buoyed by encouraging sentiment in European trading. The BSE Sensex rose 231.41 points at 30,126.21. The NSE Nifty-50 index rose 47.95 points at 9,359.90. The Sensex settled higher than the psychological 30,000 level. The market breadth was balanced. About 1,428 shares advanced against 1,431 declining shares on the BSE.

Public sector banks’ stocks surged on reports that the Union Cabinet approved promulgation of an ordinance to modify the Banking Regulation Act for resolution of the bad loan trouble facing banks. Union Bank of India rose 6.72%, IDBI Bank surged 2.46%, SBI up 3.39%, Bank of Baroda rose 3.06% and PNB edged higher, BY 3.41%.

Housing finance topper HDFC declined 1 percent at Rs 1,555.35 after its consolidated profit fell 21.58 percent to Rs 2,044.20 crore on 7.7% decline in total income to Rs 8,514.51 crore in fourth quarter March 2017 year-on-year. The result was posted during market hours today.

Overseas, European stocks jumped higher aided by corporate earnings. Asian stocks clocked a mixed trend after the U.S Federal Reserve showed it remains on track to deliver two more rate hikes by year-end.