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MARKET WRAP: Sensex up 278 points, Nifty over 11,250; metal, IT stocks gain

All that happened in the markets today

Market Wrap  |  Sensex  |  Nifty

SI Reporter  | New Delhi 


Investors went on a buying spree in the last hour thus pulling benchmark indices, which remained range-bound for most part of the day, into the green with over 200 points and 100 points gain for and Nifty, respectively.

The benchmark S&P BSE rose 279 points to close at 37,393, with Bajaj Finance, Tata Motors, Infosys, Vedanta, and ONGC raking in the highest gains. Out of the 30 BSE constituents, 21 ended in the green.

The broader Nfity50 index added 100 points to reclaim psychological 11,250 level and end the day at 11,257. Market breadth, however, remained in favour of sellers. About 898 stocks declined and 841 advanced on the NSE.

Among sectoral indices, only one index ended the day in red, with Media, Metal, and Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per cent, respectively.

In the broader market, the S&P BSE MidCap index rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817.


Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. READ MORE

Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter. READ MORE

Tata Chemicals (TCL) shares surged 8.38 per cent higher at Rs 603.45 on the National Stock Exchange (NSE) on Thursday after the company announced demerger of its consumer products business into other group firm Tata Global Beverages (TGBL). READ MORE
An index of European shares fell as much as 0.5 per cent in early European trading with the German stock index down 0.4%. U.S. stock futures were down 0.4 per cent, pointing to a weak start on Wall Street. While benchmark indexes in China and Hong Kong were up between 0.3-0.8 per cent at the close of trading, bond were signalling more pain for risk appetite.

Brent crude futures were at $72.30 a barrel, up 53 cents from their last close. Brent is heading for its biggest weekly rise in six weeks. US West Texas Intermediate (WTI) crude futures were at $62.49 per barrel, up 47 cents from their previous settlement.

(With inputs from Reuters)


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