Sensex, Nifty Recover Marginally From Yesterday’s Worst Fall In Two Weeks
Closing Bell: Sensex, Nifty Recover Marginally From Yesterday’s Worst Fall In Two Weeks
Indian equity benchmarks ended marginally higher today after falling the most in over two weeks during yesterday’s trade.
The S&P BSE Sensex ended 0.23 percent or 83 points higher at 36,563 and the NSE Nifty 50 ended 0.21 percent higher at 10,840.65. The broader markets represented by the NSE Nifty 500 Index closed 0.27 percent higher.
“The Indian markets traded with a positive bias throughout the session amidst high intraday volatility. The correction in crude oil prices has definitely provided respite to investors,” Ajit Mishra vice president–research at Religare Broking said.
“Geo-political developments would still be one of the key factors on investors’ radar as any further escalation would have an adverse impact on markets and economy. Besides, the FOMC meet outcome tonight would be a key factor as there is a wide expectation of a rate cut,” Mishra said in a mailed statement.
The market breadth was tilted in favour of buyers. About 920 stocks advanced and 854 shares declined on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Realty Index’s 1.45 percent gain. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 0.55 percent.
Money Market Update: Rupee Near Day’s High
The Indian rupee traded near day’s high against the U.S. dollar.
The home currency appreciated 0.73 percent to 71.26 against the greenback. The local legal tender had appreciated 0.83 percent intraday.
Fab Four Stocks Of The Day
- Stock rose as much a 2.9 percent to Rs 3,464.50.
- Company to raise Rs 8,500 crore via QIP
Prestige Estates Projects
- Stock rose as much as 8.6 percent to Rs 299.55.
- The scrip was among the best performer on NSE Nifty 500 Index
- Stock rose as much as 8.5 percent to Rs 1,024.
- Government bans e-cigarettes sales and production.
Hotel Leela Venture
- Stock rose as much as 13.2 percent t Rs 8.60.
- Trading volume was more than 10 times its 20-day average.
Government Bans E-Cigarettes Sales, Production
The central government today announced the ban of production and sales of e-cigarettes.
The cabinet has approved the ban of production, import/export, transport, sale, and advertisements of e-cigarettes. The decision was taken considering the impact on youths,” Finance Minister Nirmala Sitharaman said in a media conference today.
Cigarette Makers Gain; Godfrey Phillips Rises Over 5%
Shares of the cigarette makers gained in today’s trade, led by Godfrey Phillips.
The government today has approved banning e-cigarettes, CNBC-TV18 reported without mentioning the source of information.
Stocks Moving On Heavy Volumes
GE T&D India
- Stock fell as much as 4 percent to Rs 151.20.
- Trading volume was more than 120 times its 20-day average.
- Stock rose as much as 4.7 percent to Rs 357.
- Trading volume as almost 13 times its 20-day average.
- Stock rose as much as 0.9 percent to Rs 5,845.
- Trading volume as almost seven times its 20-day average.
- Stock fell as much as 1.2 percent to Rs 2,520.
- Trading volume as almost eight times its 20-day average.