Sensex Clocks Best Four-Day Rally In Over A Month; Nifty Ends Flat
Closing Bell: Sensex Clocks Best Four-Day Rally In Over A Month; Nifty Ends Flat
Indian equity benchmark S&P BSE Sensex ended higher for the fourth consecutive trading session, its longest gaining streak since Feb. 6.
The 31-share index closed 0.24 percent higher at 36,725.42 and the NSE Nifty 50 ended a little changed at 11,058.20.
The market breadth, however, was tilted in favour of sellers. About 889 stocks fell and 853 shares advanced on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty Media Index’s 1.85 percent fall. On the Flipside, the NSE Nifty PSU Bank Index was the top sectoral gainer, up 1.4 percent.
Stocks Moving On Heavy Volumes
- Stock rose as much as 6.7 percent to Rs 60.40.
- Trading volume was more than double its 20-day average.
- Stock rose as much as 8.9 percent to Rs 749.
- Trading volume was more than quadruple its 20-day average.
- Stock rose as much as 5.5 percent to Rs 1,209.
- Trading volume was more than 20 times its 20-day average.
- Stock rose as much as 6.8 percent to Rs 132.
- Trading volume was more than 11 times its 20-day average.
Suzlon Energy Halts Five-Day Rally, Shares Fall Over 13%
Shares of Suzlon Energy halted a five-day rally and fell as much as 13.3 percent to Rs 6.85.
Trading in the company’s call options totaled 1,154 contracts, compared with the average of 408 over the past 20 days, Bloomberg data showed. Trading in the company’s put options totaled 487 contracts, compared with an average of 124 over the same period.
Axis Bank Surges To Record High
Shares of Axis Bank rose as much as 2.4 percent to hit a new all-time high.
The stock traded at 41 times its estimated earnings per share for the coming year, Bloomberg data showed.
F&O Check: Nifty 11,000 Call Option Falls Over 75%
Nifty’s 11,000 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract fell 75.86 percent to Rs 2.10. Over 21 lakh shares were added to the open interest which stood at over 38 lakh shares.