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MARKETS ON THURSDAY: Sensex, Nifty gain for 6th session; IT stocks lead

All that happened in the markets on Thursday

SI Reporter  |  New Delhi 

Markets, Stocks, Shares
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Nifty IT index ends 3.21% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) HCL TECHNOLOGIES 1010.05 967.30 42.75 4.42 TCS 3139.25 3014.15 125.10 4.15 INFOSYS 1162.60 1124.25 38.35 3.41 TECH MAHINDRA 652.80 633.35 19.45 3.07 TATA ELXSI 1069.90 1042.60 27.30 2.62 Sectoral Trend BSE Sensex: gainers and losers of the day Market at close   The S&P BSE Sensex ended at 34,101, up 161 points while the broader Nifty50 index settled at 10,459, up 42 points. Buzzing Stock National Aluminium Company is quoting at Rs 77.3, up 3.07% on the day as on the NSE. National Aluminium Company Ltd is up 6.62% in last one year as compared to a 13.99% gain in Nifty and a 24.4% gain in the Nifty Metal index. After 1,400% gain in 2 years, rally in Venky's stock may pause for now   Over the past few years, this company has not only satiated the hunger of consumers of its products, but also investors who had an appetite for risk.   In the past two years, Venky’s (India) has jumped nearly 1,400 per cent from Rs 383 levels to Rs 4,500 levels now, ACE Equity data shows. In comparison, the S&P BSE Sensex has moved up 36 per cent during this period. In the last one year alone, the stock has gained an impressive 323 per cent.   The rally, analysts say, came on the back of strong earnings that led to a better perception among investors, aiding a re-rating. This rally, they now suggest, could be nearing an end for now. READ MORE

Benchmark ended higher on Thursday and extended their gains into a sixth session, driven by information technology stocks, although falls in banks and oil marketing companies capped the rise.

The S&P ended at 34,101, up 161 points while the broader Nifty50 index settled at 10,459, up 42 points.

The IT index rose over 3% to its highest since February 2 and gaining for a third consecutive session of gains on a weakening rupee and expectations of positive quarterly results.

Investors now await March retail inflation data due after market hours on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

In the global markets, Asian came under pressure on Thursday as the threat of imminent US military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply.

Trump declared that missiles “will be coming” in Syria, taunting Russia for supporting Syrian President Bashar al-Assad after a suspected chemical attack on rebels. Damascus and Moscow have denied any responsibility.

His comments raised the prospect of direct conflict over Syria for the first time between the two world powers backing opposing sides in the seven-year-old civil war, which has also escalated a rivalry between Saudi Arabia and Iran.

(with Reuters inputs)

First Published: Thu, April 12 2018. 15:30 IST
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MARKETS ON THURSDAY: Sensex, Nifty gain for 6th session; IT stocks lead

All that happened in the markets on Thursday

All that happened in the markets on Thursday
Benchmark ended higher on Thursday and extended their gains into a sixth session, driven by information technology stocks, although falls in banks and oil marketing companies capped the rise.

The S&P ended at 34,101, up 161 points while the broader Nifty50 index settled at 10,459, up 42 points.

The IT index rose over 3% to its highest since February 2 and gaining for a third consecutive session of gains on a weakening rupee and expectations of positive quarterly results.

Investors now await March retail inflation data due after market hours on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

In the global markets, Asian came under pressure on Thursday as the threat of imminent US military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply.

Trump declared that missiles “will be coming” in Syria, taunting Russia for supporting Syrian President Bashar al-Assad after a suspected chemical attack on rebels. Damascus and Moscow have denied any responsibility.

His comments raised the prospect of direct conflict over Syria for the first time between the two world powers backing opposing sides in the seven-year-old civil war, which has also escalated a rivalry between Saudi Arabia and Iran.

(with Reuters inputs)
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Business Standard
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MARKETS ON THURSDAY: Sensex, Nifty gain for 6th session; IT stocks lead

All that happened in the markets on Thursday

Benchmark ended higher on Thursday and extended their gains into a sixth session, driven by information technology stocks, although falls in banks and oil marketing companies capped the rise.

The S&P ended at 34,101, up 161 points while the broader Nifty50 index settled at 10,459, up 42 points.

The IT index rose over 3% to its highest since February 2 and gaining for a third consecutive session of gains on a weakening rupee and expectations of positive quarterly results.

Investors now await March retail inflation data due after market hours on Thursday for cues about the economy. Retail inflation likely eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

In the global markets, Asian came under pressure on Thursday as the threat of imminent US military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply.

Trump declared that missiles “will be coming” in Syria, taunting Russia for supporting Syrian President Bashar al-Assad after a suspected chemical attack on rebels. Damascus and Moscow have denied any responsibility.

His comments raised the prospect of direct conflict over Syria for the first time between the two world powers backing opposing sides in the seven-year-old civil war, which has also escalated a rivalry between Saudi Arabia and Iran.

(with Reuters inputs)

image
Business Standard
177 22