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MARKETS ON MONDAY: Nifty ends above 10,700, IT stocks gain, RIL down 3%

Benchmark indices hit a near three-month high on Monday, as technology shares gained.

SI Reporter  |  New Delhi 

Markets, Up, Down, BSE, NSE, Stocks
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RIL ends 3.29% down on the NSE Nifty IT index rises 1.39%. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) KPIT TECH. 258.60 247.85 10.75 4.34 TATA ELXSI 1237.80 1198.65 39.15 3.27 MINDTREE 1084.60 1050.70 33.90 3.23 TCS 3532.10 3451.95 80.15 2.32 INFOSYS 1199.50 1185.20 14.30 1.21 Sectoral performers BSE Sensex: Yes Bank, HUL among top gainers of the day, Axis Bank top loser Market at close   The S&P BSE Sensex ended at 35,160, up 191 points while the broader Nifty50 index settled at 10,739, up 47 points. Gold falls Rs 120 on weak global cues, low demand Gold prices fell by Rs 120 to Rs 32,200 per 10 gram at the bullion market today, tracking a weak trend overseas and muted demand from local jewellers.   Silver also dropped by Rs 150 to Rs 40,300 per kg due to reduced offtake by industrial units and coin makers. READ MORE

Benchmark hit a near three-month high on Monday, in tandem with global markets, as technology gained during the day.

The S&P ended at 35,160, up 191 points while the broader Nifty50 index settled at 10,739, up 47 points.

IT rose, with the IT index gaining as much as 1.5% aided by the recent weakness in the rupee.

Gains were, however, capped as index heavyweight Reliance Industries fell as much as much as 3.5%, its biggest percentage loss since February 2, after result from the oil-to-retail conglomerate’s telecoms arm Jio failed to cheer investors.

Equity will be closed on Tuedsay on account of Maharashtra Day.

On the global front, US Federal Reserve's Federal Open Market Committee (FOMC) will announce the decision on the interest rate on Wednesday. It is widely expected that the central bank will keep rates unchanged in May 2018, but will raise them again in June 2018.

Asian extended gains as tensions in the Korean Peninsula eased and first-quarter earnings shone, even though some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute.
(with Reuters inputs)

First Published: Mon, April 30 2018. 15:30 IST
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MARKETS ON MONDAY: Nifty ends above 10,700, IT stocks gain, RIL down 3%

Benchmark indices hit a near three-month high on Monday, as technology shares gained.

Benchmark hit a near three-month high on Monday, in tandem with global markets, as technology gained during the day.

The S&P ended at 35,160, up 191 points while the broader Nifty50 index settled at 10,739, up 47 points.

IT rose, with the IT index gaining as much as 1.5% aided by the recent weakness in the rupee.

Gains were, however, capped as index heavyweight Reliance Industries fell as much as much as 3.5%, its biggest percentage loss since February 2, after result from the oil-to-retail conglomerate’s telecoms arm Jio failed to cheer investors.

Equity will be closed on Tuedsay on account of Maharashtra Day.

On the global front, US Federal Reserve's Federal Open Market Committee (FOMC) will announce the decision on the interest rate on Wednesday. It is widely expected that the central bank will keep rates unchanged in May 2018, but will raise them again in June 2018.

Asian extended gains as tensions in the Korean Peninsula eased and first-quarter earnings shone, even though some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute.
(with Reuters inputs)

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