Sensex, Nifty close flat; Auto, bank, infra stocks rise

The benchmark BSE Sensex closed at new peak level of 30,250.98, gaining 2.81 pts, while the NSE Nifty-50 index closed up 15.10 pts at record high of 9,422.40. Strong regional markets also aided sentiment.

Indian stocks previously extended their record-breaking ralley today with auto stocks moving on hopes of lower interest rates after a better monsoon prediction eased inflation worries in a country that depends mostly on rains to irrigate its farmlands.

Eicher Motors Ltd and Zee Entertainment emerged as top Nifty gainers today.  Sectorally, liquor stocks and metal stocks witnessed a sharp increase. HCL technologies Ltd rallied in the morning hours influenced by the strong quarter fourth earnings, slowly pared its gains to trade in the red terrain, closing its stocks at Rs 838.65 per share, down by 0.43 percent on the BSE.

Royal Enfield, Eicher Motors rallied on the exchanges hitting a fresh 52-week high of Rs 30,051 per share, closing at Rs 29,402.10 per share, up by 5.57 percent on the BSE.

On the BSE, 1,581 shares fell, 1,246 shares rose and a total of 165 shares were unchanged. The total turnover on BSE figured to Rs 4,011.58 Crore.

 

Sensex soars 315 pts to close at record high, Nifty above 9,400-Level

The BSE Sensex hit a record high on Wednesday’s closing bell, as shares of FMGC and agriculture-reliant companies rallied after the IMD forecast a higher monsoon rainfall than expected earlier. The NSE Nifty rose 0.99% to a record high of 9,414.75, surpassing its earlier milestone marked on 5 May. BSE Sensex closed higher by 314.92 pts, to 30,248.17, while the NSE Nifty-50 index rose 90.45 pts, or to 9,407.30.

BSE Midcap closed higher by 0.87 percent at 14,853, while Smallcap closed higher by 0.75 percent at 15,561. India volatile Index closed lower by 0.6 percent at 11.04 levels.

Idea Cellular and Bharti Airtel advanced to higher levels today. Bharti Airtel was the major index gainer rising 8 percent. Nifty bank underperforms the trading session, due to PSU banks trade under pressure.

Biocon Ltd fell 6.1%, after the U.S health regulator issued Form-483 to its Bengaluru facility with some observations. IDBI Bank declined 4.5% after the RBI initiated prompt corrective action over the lender’s surging bad loans and downbeat return on assets.

Some companies have announced their earning results today which includes Zee Entertainment, Hero Motocorp, Siemens, 8K Miles Software and Capital First.

Sensex closed above 29,900, Nifty above 9300; Metal Stocks lead

The benchmark BSE Sensex closed flat on Tuesday since investors booked profits with the largest outperformers like ACC Ltd, Ambuja Cements while banks removed gains from the previous session’s rally. Caution also surrounded ahead of the quarterly earnings announcement, with Bharti Airtel later in the day. Asian shares were passive as investors looking forward to the next catalyst after France’s presidential election.  
BSE Sensex closed higher 7.10 points at 29,933.25 while  NSE Nifty closed higher by 2.8 points at 9316.85 on closing.   Both the  Nifty and Sensex were trading flat all through the day. Indiabulls Housing Finance, Hero Motocorp and Lupin Ltd were the major contributors to Nifty losses.  BSE Midcap closed higher by 0.19% at 14,821, and  Small-cap closed higher by 0.53% at 15,544.
 The companies which announced their financial earnings today were Syndicate bank, Dena Bank,  Vijaya Bank,  SREI Infrastructure Finance and Godrej Consumer Products, among others.
The stocks of metal sector Tata Steel, Vedanta Ltd, Hindalco  and Jindal Steel were sizzling on the Exchanges. The realty stocks like DLF, HDIL and Unitech were trading in positive terrain all though the day.
Tech Mahindra, Axis Bank, Wipro, IOC and Adani Ports were the top Nifty gainers of the day, while  Wipro, GAIL, Tata Motors, M&M and Bajaj Auto were the top Sensex gainers.