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Markets continue trading higher; Nifty holds above 9,110

There were over two gainers against every loser on BSE

SI Reporter  |  New Delhi 

markets, sensex, nifty

The benchmark indices on Thursday continued to trade higher as investors picked beaten down counters, while recovery in also contributed to the gains.

At 2:26 pm, the S&P BSE was trading at 29,403, up 67 points, while the broader Nifty50 was ruling at 9,125, up 22 points.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1%, respectively. 

The market breadth depicted strength. There were over two gainers against every loser on BSE. On the BSE, 1,769 shares rose and 859 shares fell. A total of 155 shares were unchanged.

Realty index was the leading sectoral gainer, led by gains in Sobha, Phoenix and Oberoi Realty which rose up to 7% on the NSE.

Media index was up over 1% thanks to gains in Eros Media (up 6%), Sun TV (up 5%) and Inox Leisure (up 3%). 

PSU Bank index was up 0.7% with Union Bank, Bank of Baroda and Canara Bank rising anywhere between 1-3%. 

Among losers, private sector lender lost as much as 5.3% after it reported a 66% surge in provisions for bad loans. ICICI Bank and Axis Bank were down about 2% each.

Meanwhile, the stocks of 16 companies gained up to 4% on Thursday after the National Stock Exchange (NSE) announced their inclusion in the futures and options (F&O) segment with effect from April 28, 2017. 

Godfrey Phillips India, V-Guard Industries and Mangalore Refinery and Petrochemicals Limited (MRPL) were up 4% each, while Gujarat State Fertilizers & Chemicals Limited (GSFC), Balrampur Chini Mills, NBCC (India), Multi Commodity Exchange of India (MCX) and Mahanagar Gas were up nearly 3% each on the NSE.

Among Asian markets, China’s Shanghai Composite and Japan’s Nikkei settled unchanged after trading higher during the day. Hong Kong’s Hang Seng gained nearly 1%. 

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Markets continue trading higher; Nifty holds above 9,110

There were over two gainers against every loser on BSE

There were over two gainers against every loser on BSE
The benchmark indices on Thursday continued to trade higher as investors picked beaten down counters, while recovery in also contributed to the gains.

At 2:26 pm, the S&P BSE was trading at 29,403, up 67 points, while the broader Nifty50 was ruling at 9,125, up 22 points.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1%, respectively. 

The market breadth depicted strength. There were over two gainers against every loser on BSE. On the BSE, 1,769 shares rose and 859 shares fell. A total of 155 shares were unchanged.

Realty index was the leading sectoral gainer, led by gains in Sobha, Phoenix and Oberoi Realty which rose up to 7% on the NSE.

Media index was up over 1% thanks to gains in Eros Media (up 6%), Sun TV (up 5%) and Inox Leisure (up 3%). 

PSU Bank index was up 0.7% with Union Bank, Bank of Baroda and Canara Bank rising anywhere between 1-3%. 

Among losers, private sector lender lost as much as 5.3% after it reported a 66% surge in provisions for bad loans. ICICI Bank and Axis Bank were down about 2% each.

Meanwhile, the stocks of 16 companies gained up to 4% on Thursday after the National Stock Exchange (NSE) announced their inclusion in the futures and options (F&O) segment with effect from April 28, 2017. 

Godfrey Phillips India, V-Guard Industries and Mangalore Refinery and Petrochemicals Limited (MRPL) were up 4% each, while Gujarat State Fertilizers & Chemicals Limited (GSFC), Balrampur Chini Mills, NBCC (India), Multi Commodity Exchange of India (MCX) and Mahanagar Gas were up nearly 3% each on the NSE.

Among Asian markets, China’s Shanghai Composite and Japan’s Nikkei settled unchanged after trading higher during the day. Hong Kong’s Hang Seng gained nearly 1%. 
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Business Standard
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Markets continue trading higher; Nifty holds above 9,110

There were over two gainers against every loser on BSE

The benchmark indices on Thursday continued to trade higher as investors picked beaten down counters, while recovery in also contributed to the gains.

At 2:26 pm, the S&P BSE was trading at 29,403, up 67 points, while the broader Nifty50 was ruling at 9,125, up 22 points.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1%, respectively. 

The market breadth depicted strength. There were over two gainers against every loser on BSE. On the BSE, 1,769 shares rose and 859 shares fell. A total of 155 shares were unchanged.

Realty index was the leading sectoral gainer, led by gains in Sobha, Phoenix and Oberoi Realty which rose up to 7% on the NSE.

Media index was up over 1% thanks to gains in Eros Media (up 6%), Sun TV (up 5%) and Inox Leisure (up 3%). 

PSU Bank index was up 0.7% with Union Bank, Bank of Baroda and Canara Bank rising anywhere between 1-3%. 

Among losers, private sector lender lost as much as 5.3% after it reported a 66% surge in provisions for bad loans. ICICI Bank and Axis Bank were down about 2% each.

Meanwhile, the stocks of 16 companies gained up to 4% on Thursday after the National Stock Exchange (NSE) announced their inclusion in the futures and options (F&O) segment with effect from April 28, 2017. 

Godfrey Phillips India, V-Guard Industries and Mangalore Refinery and Petrochemicals Limited (MRPL) were up 4% each, while Gujarat State Fertilizers & Chemicals Limited (GSFC), Balrampur Chini Mills, NBCC (India), Multi Commodity Exchange of India (MCX) and Mahanagar Gas were up nearly 3% each on the NSE.

Among Asian markets, China’s Shanghai Composite and Japan’s Nikkei settled unchanged after trading higher during the day. Hong Kong’s Hang Seng gained nearly 1%. 

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Business Standard
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