Wednesday, 23 May 2018
Latest news
Main » Key equity indices end in green on European cues (Second Lead)

Key equity indices end in green on European cues (Second Lead)

20 April 2018

The Nifty fell 84.5 points in the intra-day trade from its days high of 10,594.20 amidst heavy selling in bank and auto sector stocks.

Likewise, the 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20 after hitting the day's high of 10,594.20 and a low of 10,509.70.

Participants were eager to take money off the table after the recent rally - the markets' longest winning streak in over three years - even as the wider sentiment remains positive, underpinned by upbeat macro cues and forecast of a normal monsoon, brokers said. The BSE Sensex rose 95.61 points or 0.28 per cent to end at 34,427.29 while the Nifty50 index added 39.10 points or 0.37 per cent to end above the 10550 mark at 10.565.30.

Information technology stocks bounced back from recent losses with the NSE IT index up more than 1 per cent and TCS gaining almost 1 per cent.

More news: Keys to a Game 3 victory for the Philadelphia 76ers

Market breadth was negative with 1,245 advances against 1,170 declines.

On Tuesday, the top gainers on the BSE Sensex were Power Grid, NTPC, Hindustan Unilever, ICICI Bank and ITC, while Axis Bank, Sun Pharma, Adani Ports, Wipro and Maruti were the major losers.

IT stocks rose as the rupee hit a fresh seven-month low against the USA dollar after global crude oil prices surged.

Tata Consultancy closed 1 per cent higher at Rs 3190.65 ahead of financial results for Q4FY18. Shanghai Composite index ended 0.84 per cent up at 3,117.38.

More news: Alien diamonds hit Earth in meteorite

In global markets, China and Hong Kong stocks extended gains on Thursday, helped by robust gains in resources firms, as rising oil prices aided a rally across commodities.

Meanwhile, on a net basis, DIIs bought shares worth Rs 723.81 crore, while foreign funds sold shares to the tune of Rs 951.39 crore yesterday, provisional data showed.

The US Dow Jones Industrial Average, however ended 0.16 per cent lower in yesterday's trade.

More news: US Says Imprisoned Pastor Andrew Brunson Is Innocent; Turkey Lacks 'Credible Evidence'

Key equity indices end in green on European cues (Second Lead)