A man uses a mobile phone in front of electronic screens displaying stock prices in the trading hall. (Photographer: Asim Hafeez/Bloomberg)

Sensex, Nifty End Higher As TCS Leads Earnings Optimism

Latest First
  • Oldest First

BQ Live

Closing Bell: Sensex, Nifty End Higher

Indian equity benchmarks ended higher, led by the gains in Tata Consultancy Services Ltd., after the company’s profit beat estimates in March quarter.

The S&P BSE Sensex ended 0.36 percent higher at 38,905.84 and the NSE Nifty 50 ended at 11,690.35. The broader market index represented by the NSE Nifty 500 Index ended 0.43 percent higher.

The market breadth was tilted in favour of buyers. About 1,011 stocks advanced and 739 shares declined on National Stock Exchange.

Eight out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Metal Index’s 2.4 percent gain. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 0.5 percent.

Sensex, Nifty End Higher As TCS Leads Earnings Optimism

Breaking: India Is Likely To Have Near-Normal Monsoon Rains This Year

Sensex, Nifty End Higher As TCS Leads Earnings Optimism

Stocks Moving On Heavy Volumes

KRBL

  • Stock rose as much as 10 percent to Rs 353.
  • Trading volume was more than seven times its 20-day average.

APL Apollo Tubes

  • Stock rose as much as 3.2 percent to Rs 1,504.
  • Trading volume was more than seven times its 20-day average.

MAS Financial Services

  • Stock fell as much as 1 percent to Rs 591.
  • Trading volume was more than seven times its 20-day average.

Rain Industries

  • Stock rose as much as 13.7 percent to Rs 147.80.
  • Trading volume was six times its 20-day average.

Block Deal Alert: ICICI Bank, Max India, Nalco, NTPC

  • ICICI Bank: About 36 lakh shares changed hands in a block deal.
  • Nalco: About 10.7 lakh shares changed hands in a block deal.
  • Max India: About 24 lakh shares changed hands in a block on BSE and NSE.
  • NTPC: About 10 lakh shares changed hands in a single block.

Buyers and sellers were not known immediately
Source: Bloomberg

Europe Market Check: Equities Hold Steady

European shares held steady after a positive start to the week in Asia, while the banking sector added to Friday’s sharp rally ahead of quarterly results from a number of big U.S. lenders.

Sensex, Nifty End Higher As TCS Leads Earnings Optimism