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MARKET WRAP: Nifty gains 1%, ends above 10,600; auto, metal stocks gain

Benchmark indices rose on Friday after rupee recovered from its a 16-month low against the dollar.

SI Reporter  |  New Delhi 

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Top gainers in the Nifty Auto index COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME EXIDE INDS. 257.35 243.35 14.00 5.75 1888498 TVS MOTOR CO. 565.10 542.55 22.55 4.16 1654489 BHARAT FORGE 666.20 642.50 23.70 3.69 1104923 MOTHERSON SUMI 312.45 301.60 10.85 3.60 5387805 APOLLO TYRES 282.00 272.60 9.40 3.45 1420758 EICHER MOTORS 30200.00 29515.40 684.60 2.32 31929 Nifty Metal index gains over 2%: Top gainers in the pack COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME HINDALCO INDS. 245.05 234.10 10.95 4.68 15143154 WELSPUN CORP 136.70 130.80 5.90 4.51 206370 S A I L 72.65 69.90 2.75 3.93 8792139 JSW STEEL 326.00 314.15 11.85 3.77 5182029 TATA STEEL 567.75 548.20 19.55 3.57 8886184 JINDAL STEEL 235.60 227.65 7.95 3.49 7281781 Sectoral Trend Top Sensex gainers and losers Market at Close The S&P BSE Sensex ended at 34,925, up 262 points, while the broader Nifty50 index settled at 10,605, up 91 points Global Markets: Shares recover as North Korea's conciliatory stance calms nerves   Global shares were on the mend on Friday as Pyongyang’s measured response to US President Donald Trump’s announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious.   MSCI’s broadest index of Asia-Pacific shares outside Japan managed to eke out 0.1% gains, while South Korea’s Kospi pared much of its earlier loss of 0.9% to last trade down 0.2%. Japan’s Nikkei was up 0.1%. (With inputs from Reuters)  

Benchmark rose on Friday after recovered  from its a 16-month low against the dollar.

The S&P ended at 34,925, up 262 points, while the broader Nifty50 index settled at 10,605, up 91 points

Among sectoral indices, the Metal index gained over 2% led by a rise in Hindalco, SAIL, JSPL and Tata Steel. The Auto index also rose over 1% led by Exide Industries and Tata Motors.

In individual stocks, Tata Consultancy Services (TCS) , the country's biggest software services exporter, became the first Indian company. which saw its market capitalisation (market-cap) cross Rs 7-trillion mark.

Multi Commodity Exchange of India (MCX) rallied 8% on the after reports suggested that the company has entered into merger talks with the National Stock Exchange (NSE) ahead of the implementation of the universal exchange framework in October.

GLOBAL MARKETS

Global were on the mend on Friday as Pyongyang’s measured response to US President Donald Trump’s announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious.

North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a “Trump formula” to resolve the standoff over its nuclear weapons programme, noting that the country was open to resolving issues with the United States.

MSCI’s broadest index of Asia-Pacific outside Japan managed to eke out 0.1% gains, while South Korea’s Kospi pared much of its earlier loss of 0.9% to last trade down 0.2%. Japan’s Nikkei was up 0.1%.

(with Reuters inputs)

First Published: Fri, May 25 2018. 15:30 IST
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MARKET WRAP: Nifty gains 1%, ends above 10,600; auto, metal stocks gain

Benchmark indices rose on Friday after rupee recovered from its a 16-month low against the dollar.

Benchmark rose on Friday after recovered  from its a 16-month low against the dollar.

The S&P ended at 34,925, up 262 points, while the broader Nifty50 index settled at 10,605, up 91 points

Among sectoral indices, the Metal index gained over 2% led by a rise in Hindalco, SAIL, JSPL and Tata Steel. The Auto index also rose over 1% led by Exide Industries and Tata Motors.

In individual stocks, Tata Consultancy Services (TCS) , the country's biggest software services exporter, became the first Indian company. which saw its market capitalisation (market-cap) cross Rs 7-trillion mark.

Multi Commodity Exchange of India (MCX) rallied 8% on the after reports suggested that the company has entered into merger talks with the National Stock Exchange (NSE) ahead of the implementation of the universal exchange framework in October.

GLOBAL MARKETS

Global were on the mend on Friday as Pyongyang’s measured response to US President Donald Trump’s announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious.

North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a “Trump formula” to resolve the standoff over its nuclear weapons programme, noting that the country was open to resolving issues with the United States.

MSCI’s broadest index of Asia-Pacific outside Japan managed to eke out 0.1% gains, while South Korea’s Kospi pared much of its earlier loss of 0.9% to last trade down 0.2%. Japan’s Nikkei was up 0.1%.

(with Reuters inputs)

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