Sensex, Nifty Halt Longest Weekly Gaining Streak In Two Months
Closing Bell: Sensex, Nifty Halt Longest Weekly Gaining Streak In Two Months
Indian equity benchmarks halt three week gaining streak, their longest since the first week of April.
The S&P BSE Sensex ended 0.25 percent lower this week to close at 39,615.90 and the NSE Nifty ended at 11,870.65 after declining 0.44 percent during the period. The broader market index represented by the NSE Nifty 500 Index closed 0.71 percent lower this week.
On Monday, the 31-share index and the 50-stock gauge hit record highs at 40,312.07 and 12,103.05 respectively. The markets were shut Wednesday on account of Id-Ul-Fitr.
On Thursday, the benchmark indices clocked their worst single-day fall in 2019 after the corporate credit rating downgrades dampened sentiment even as the Reserve Bank Of India cut its key policy rate as expected.
Today, Sensex closed 86 points or 0.22 percent higher and the Nifty ended 0.23 percent higher. The NSE Nifty 500 rose 0.14 percent.
The market breadth, however, was tilted in favour of sellers. About 1,057 stocks declined and 705 shares advanced on National Stock Exchange.
Seven out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Pharma Index’s 1.2 percent fall. On the flipside, the NSE Nifty Financial Service Index was the top sectoral gainer, up 0.91 percent.
Ramky Infra Gains After Order Win
Shares of Ramky Infrastructure rose 1.6 percent to Rs 119.60. The stock rose 4.4 percent intraday.
The company bagged a project worth Rs. 494.04 crore by Rajiv Gandhi Rural Housing Corporation Ltd., according to its stock exchange filing.
Of the shares traded, 40 percent were at the ask price and 50 percent were at the bid, Bloomberg data showed.
Reliance Infrastructure Falls 14% Ahead Of Results Announcement
Shares of Reliance Infrastructure fell as much as 13.9 percent to hit a record low at Rs 73.05 ahead of its March quarter results announcement.
Europe Market Check: Equities Head For Weekly Gains
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