RIL, Kotak Mahindra Bank Help Sensex, Nifty Resume Gains After One-Day Blip
Men look up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

RIL, Kotak Mahindra Bank Help Sensex, Nifty Resume Gains After One-Day Blip

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Closing Bell: RIL, Kotak Mahindra Bank Help Sensex, Nifty Resume Gains After One-Day Blip

Indian stocks resume gains after a one day blip, led by the gains Reliance Industries Ltd. and Kotak Mahindra Bank Ltd.

The S&P BSE Sensex rose 0.14 percent to end at 41.932.56 and the NSE Nifty 50 rose 0.09 percent to close at 12,355.50. The broader markets represented by the NSE Nifty 500 Index rose 0.23 percent.

The 30-share index crossed a new milestone in the opening trade—surpassing 42,000 for the first time. The 50-stock gauge had hit an all-time high at 12,389.05.

The market breadth was tilted in favour of buyers. About 1,058 stocks advanced and 729 shares declined on National Stock Exchange.

Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 1.44 percent gain. On the flipside, the NSE Nifty Metal Index was the only sectoral loser, down 1.25 percent.

Fab Four Stocks Of The Day

Den Networks

  • Stock rose as much as 4.9 percent to Rs 58.15.
  • Revenue rose 3.1 percent to Rs 318.1 crore.
  • Net profit was at Rs 19.4 crore versus net loss of Rs 32.4 crore.
  • Ebitda rose 21.2 percent to Rs 58.4 crore.
  • Margin was at 18.4 percent versus 15.6 percent.

Alphageo

  • Stock rose as much s 10 percent to Rs 199.90.
  • Received contract worth Rs 112 crore from ONGC.

Max Financial Services

  • Stock rose as much as 4.9 percent to Rs 535.80.
  • Fresh longs seen with high open interest of 15 percent.

MSTC

  • Stock rose as much as 7.1 percent to Rs 152.80.
  • Appointed as selling agent for Engineers India
  • For sale of items and scrap via the company’s auction website

Stocks Moving On Heavy Volumes

Wockhardt

  • Stock rose as much as 14 percent to Rs 295.70.
  • Trading volume was more than 13 times its 20-day average.

Cochin Shipyard

  • Stock rose as much as 7.1 percent to Rs 434.90.
  • Trading volume was more than 13 times its 20-day average.

Shoppers Stop

  • Stock fell as much as 2.3 percent to Rs 397.25.
  • Trading volume was more than eight times its 20-day average.

Emami

  • Stock rose as much as 5.1 percent to Rs 327.30.
  • Trading volume was more than 12 times its 20-day average.

BASF India

  • Stock rose as much as 7.3 percent to Rs 1,057.75.
  • Trading volume was more than 11 times its 20-day average.

IRCTC Extends Gain For Sixth Straight Day, Stock Price Crosses Rs 1,000 Apiece

Shares of IRCTC extended gains for the sixth consecutive trading session. The stock rose as much as 2 percent to cross Rs 1,000 apiece-mark.

The Relative Strength Index was above 70, indicating that the stock may be overbought.

Global Markets Update: U.S. Futures Edge Up, Stocks Mixed

American equity futures edged higher and European shares fluctuated in the wake of the signing of the U.S.-China trade deal, expectations for which had driven global stocks to record highs.

  • Futures on the S&P 500 Index increased 0.2 percent.
  • The Stoxx Europe 600 Index climbed 0.2 percent.
  • The MSCI Asia Pacific Index advanced 0.2 percent.

Get your daily fix of global markets here.
Source: Bloomberg

Market Check: Sensex, Nifty Fluctuate

Indian stocks fluctuated between gains and losses.

The S&P BSE Sensex rose 0.14 percent to 41,932 and the NSE Nifty 50 rose 0.1 percent to 12,356. The broader markets represented by the NSE Nifty 500 index rose 0.24 percent.

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