You are here: Home » Markets » News
Business Standard

MARKETS ON TUESDAY: Indices end higher, Nifty holds 10,400; Axis Bank up 6%

All that happened in the markets on Tuesday

SI Reporter  |  New Delhi 

Stock market

MARKET COMMENT The Nifty50 index is getting a bit tired after seeing a decent relief rally in last 4 – 5 days and importantly as it approaches the major resistance zone of 10,400 – 10,500 levels.  For the coming session, 10,430 – 10,478 would be seen as immediate hurdles; whereas on the downside, 10381 – 10350 is likely to act as a key support zone.   Today’s small range in the index does not depict the right picture. There was a perfect balancing act seen from the few index heavyweights. Couple of major Private banking names, ICICI and Axis Bank had a stellar move and on the other hand, HDFC twins restricted the Nifty from extending its move. Going forward, do watch out for these counters along with Larsen and Toubro (Source: Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking) Nifty Realty index ends over 1% up. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) OBEROI REALTY 531.00 502.60 28.40 5.65 DLF 213.10 206.05 7.05 3.42 H D I L 42.80 41.80 1.00 2.39 UNITECH 6.75 6.65 0.10 1.50 Nifty Metal index ends over 2% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) HINDALCO INDS. 230.60 221.35 9.25 4.18 NMDC 123.60 119.15 4.45 3.73 NATL. ALUMINIUM 72.55 70.35 2.20 3.13 TATA STEEL 602.90 586.15 16.75 2.86 WELSPUN CORP 146.05 142.10 3.95 2.78 Sectoral Trend BSE Sensex: gainers and losers of the day Market at close   The S&P BSE Sensex ended at 33,880, up 92 points while the broader Nifty50 index settled at 10,402, up 23 points.

Benchmark rose for the fourth straight session on Tuesday, tracking gains in Asian peers as conciliatory-sounding comments from Chinese President helped soothe investor concerns about an escalating US-trade spat.

The S&P ended at 33,880, up 92 points while the broader Nifty50 index settled at 10,402, up 23 points.

Asian recovered from early falls to rise as much as 0.9% after Xi said will take measures to sharply widen market access for foreign investors, raise the foreign ownership limit in the automobile sector and protect intellectual property of foreign firms. 

Global financial have been rattled over the past few weeks on fears that the tit-for-tat US-tariffs will explode into a full-scale in a blow to global growth.

Among sectoral indices, the Metal index rose around 1.5% higher led by a rise in the of Hindalco Industries and National Aluminium Company.

Among indvidual stocks, Axis Bank gained 6% and was among the top percentage gainer on the index after the country’s third-biggest private-sector bank by assets said on Monday its long-time chief executive, Shikha Sharma, will step down at the end of 2018.

Investors have now turned their focus to domestic cues such as March retail inflation data due later this week and corporate results.

(with Reuters inputs)

First Published: Tue, April 10 2018. 15:30 IST
RECOMMENDED FOR YOU

MARKETS ON TUESDAY: Indices end higher, Nifty holds 10,400; Axis Bank up 6%

All that happened in the markets on Tuesday

All that happened in the markets on Tuesday
Benchmark rose for the fourth straight session on Tuesday, tracking gains in Asian peers as conciliatory-sounding comments from Chinese President helped soothe investor concerns about an escalating US-trade spat.

The S&P ended at 33,880, up 92 points while the broader Nifty50 index settled at 10,402, up 23 points.

Asian recovered from early falls to rise as much as 0.9% after Xi said will take measures to sharply widen market access for foreign investors, raise the foreign ownership limit in the automobile sector and protect intellectual property of foreign firms. 

Global financial have been rattled over the past few weeks on fears that the tit-for-tat US-tariffs will explode into a full-scale in a blow to global growth.

Among sectoral indices, the Metal index rose around 1.5% higher led by a rise in the of Hindalco Industries and National Aluminium Company.

Among indvidual stocks, Axis Bank gained 6% and was among the top percentage gainer on the index after the country’s third-biggest private-sector bank by assets said on Monday its long-time chief executive, Shikha Sharma, will step down at the end of 2018.

Investors have now turned their focus to domestic cues such as March retail inflation data due later this week and corporate results.

(with Reuters inputs)
image
Business Standard
177 22

MARKETS ON TUESDAY: Indices end higher, Nifty holds 10,400; Axis Bank up 6%

All that happened in the markets on Tuesday

Benchmark rose for the fourth straight session on Tuesday, tracking gains in Asian peers as conciliatory-sounding comments from Chinese President helped soothe investor concerns about an escalating US-trade spat.

The S&P ended at 33,880, up 92 points while the broader Nifty50 index settled at 10,402, up 23 points.

Asian recovered from early falls to rise as much as 0.9% after Xi said will take measures to sharply widen market access for foreign investors, raise the foreign ownership limit in the automobile sector and protect intellectual property of foreign firms. 

Global financial have been rattled over the past few weeks on fears that the tit-for-tat US-tariffs will explode into a full-scale in a blow to global growth.

Among sectoral indices, the Metal index rose around 1.5% higher led by a rise in the of Hindalco Industries and National Aluminium Company.

Among indvidual stocks, Axis Bank gained 6% and was among the top percentage gainer on the index after the country’s third-biggest private-sector bank by assets said on Monday its long-time chief executive, Shikha Sharma, will step down at the end of 2018.

Investors have now turned their focus to domestic cues such as March retail inflation data due later this week and corporate results.

(with Reuters inputs)

image
Business Standard
177 22