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Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

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SI Reporter  |  New Delhi 

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 ...

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Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

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.

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Nifty chart for the day Source: NSE

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Other gainers Nifty Financial Services ended nearly 1% higher led by gains in M&M Finance, PFC, HDFC and HDFC Bank

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

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.

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Metals Shine Source: NSE

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

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

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Top gainers and losers on BSE Sensex Source: BSE

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Broader Markets Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising 1.5% and 1.3% respectively.

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Markets at close 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

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Nifty Gainers IOC traded at record high with 4.5% gains followed by Hindalco (up 4%) and BPCL (up 3.8%) Source: NSE

Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

BUZZING STOCK HEG surged 8.85% to Rs 659.05 on BSE, with the stock extending recent strong gains.   High volumes were witnessed on the counter. On the BSE, 2.99 lakh shares were traded on the counter so far as against the average daily volumes of 92,041 shares in the past one quarter. The stock had hit a high of Rs 668.95 so far during the day, which is also its record high.

First Published: Wed, August 30 2017. 15:30 IST
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Nifty, Sensex end nearly 1% higher; M&M top loser on cess hike

Catch all that happened in the market here

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 ...

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