Sensex, Nifty close lower, Asian Paints, Axis Bank biggest losers

The benchmark indices settled with small losses after a range-bound trade, since investors booked profits after indices scaled record highs yesterday, 11 May 2017. The BSE Sensex slid 62.83 points or 0.21% at 30,188.15, while the NSE Nifty-50 index fell 21.50 points or 0.23% at 9,400.90. The indices snapped 4-day winning streak today, 12 May 2017.
The BSE Mid-Cap index fell 0.69% and the Small-Cap index shed 0.8%. The declines in the indices were higher than Sensex's fall in percentage terms.
Bank stocks declined with SBI down 0.47%, Canara Bank dip 1.44%, Union Bank of India declined 1.82% among others.  Among private sector banks, Axis Bank down 2.69%, ICICI Bank fell 1.12%, IndusInd Bank down 1.06%), and Yes Bank declined 5.78% while HDFC Bank rose 0.14%.
Asian Paints dropped 2.81%, after company’s net profit rose 10.4% to Rs 462.22 crore on 8.9% rise in revenue.
Eicher Motors  Ltd fell about 1 percent  after rising for five consecutive sessions, while Ashok Leyland down 1.7% after two winning session’s  gains.  Shares of Reliance Infrastructure rose  the Delhi Airport Metro, won an arbitration case against Delhi Metro Rail Corpn.

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.