Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike
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The Sensex and Nifty rose nearly 1% on Wednesday, recouping most of the losses in the previous session, ahead of derivatives expiry of August series due tomorrow
Across the board buying in metal, oil & gas, energy, realty, industrials, financials, auto, capital goods, consumer durables and banks helped indices to recover most of previous day's losses.
Financial stocks accounted for more than a third of gains on the NSE index, with Nifty finance index gaining 1%. Nifty Metal index also advanced over 2%, adding to the gains.
Sentiment was also supported by a recovery in broader Asia as concerns stemming from North Korea’s firing of a missile over Japan receded, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising 0.5%.
3:56 PM
Analyst View
Anand James, Chief Market Strategist, Geojit Financial Services says: Domestic indices ascended on the back drop of a recovery in the global markets, while receding intensity of rain havoc in the financial capital also helped improve risk appetite. Subdued rollover numbers seems to be concerning, but significant short covering was seen in the IT and pharma sectors, keeping market buoyant.
3:55 PM
Nifty chart for the day
Source: NSE
3:53 PM
Other gainers
Nifty Financial Services ended nearly 1% higher led by gains in M&M Finance, PFC, HDFC and HDFC Bank
Nifty Financial Services ended nearly 1% higher led by gains in M&M Finance, PFC, HDFC and HDFC Bank
3:51 PM
Adani Enterprises surges
Adani Enterprises surged 8% after Australian Trade Minister said all approvals for Carmichael coal mine are in place and Adani group will make decisions on exporting coal from Carmichael mine to India.
Adani Enterprises surged 8% after Australian Trade Minister said all approvals for Carmichael coal mine are in place and Adani group will make decisions on exporting coal from Carmichael mine to India.
3:49 PM
Metals Shine
Source: NSE
3:42 PM
Sectoral Trend
All sectoral indices except Nifty IT (down 0.1%) ended the day in green. Nifty Metal was the top sectoral gainer, up 2.6%, followed by Nifty Realty, Nifty Fin Services and Nifty FMCG
All sectoral indices except Nifty IT (down 0.1%) ended the day in green. Nifty Metal was the top sectoral gainer, up 2.6%, followed by Nifty Realty, Nifty Fin Services and Nifty FMCG
3:37 PM
Top gainers and losers on BSE Sensex
Source: BSE
3:35 PM
Broader Markets
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising 1.5% and 1.3% respectively.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising 1.5% and 1.3% respectively.
3:33 PM
Markets at close
The Sensex settle at 31,646, up 258 points, while the broader Nifty50 was ruling at 9,884, up 88 points
The Sensex and Nifty rose nearly 1% on Wednesday, recouping most of the losses in the previous session, ahead of derivatives expiry of August series due tomorrow.
The Sensex settle at 31,646, up 258 points, while the broader Nifty50 was ruling at 9,884, up 88 points
3:20 PM
Nifty Gainers
IOC traded at record high with 4.5% gains followed by Hindalco (up 4%) and BPCL (up 3.8%)
Source: NSE
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First Published: Aug 30 2017 | 3:30 PM IST