Key equities open on a positive note

Alicia Guzman
May 12, 2017

Indian stock markets continued their positive performance on Thursday, with benchmark indexes Sensex and Nifty hitting fresh record highs in early trade, on the back of positive global cues and solid earnings results from the likes of HCL Technologies and Zee Entertainment Enterprises.

It surpassed its previous all-time closing high of 30,248.17 reached yesterday.

The Nifty50 of the National Stock Exchange is up 28.20 points or 0.3% at 9435.50, around 15 points off a new high of 9450.65. The 50-share NSE Nifty also dipped under selling pressure in the last half hour of trade and closed 12 points higher. It was followed by HUL 4.60 per cent, HDFC 3.25 per cent, M&M 2.59 per cent, Reliance 2.17 per cent, Bajaj Auto 1.74 per cent, Axis Bank 1.68 per cent, Maruti 1.53 per cent, Cipla 1.49 per cent and Tata Motors 1.25 per cent.

Palestinian hunger strike heightens tension with Israel
He said that "the prisoners will not buy this account from the Israeli side, and they will continue their strike". Israeli authorities say 894 Palestinian prisoners have kept up the strike.

The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as. "IDBI Bank lost as much as 5 per cent after the Reserve Bank of India (RBI) invoked its so-called prompt corrective action (PCA) framework on the bank because of its rising bad loans and negative return on assets", Desai told IANS.

Automobile stocks rallied on expectations that above-average rainfall this year could lift demand as rural incomes would gain from better farm outputs.

The total turnover on BSE amounted to Rs 4,031.10 crore, higher than Rs 3,625.49 crore registered during the previous trading session.

Jose Mourinho: These three Man United players amazed me on Sunday
Liverpool are third in the table on 70 points, a point clear of fourth-placed Manchester City, who have a game in hand. Marcus Rashford was an example and now I'm an example, Tim Fosu-Mensah and Scott are examples".

"A good monsoon will raise the prospects of the economy, especially for FMCG and consumer durables sector", said Vinod Nair, head of research, Geojit Financial Services.

Meanwhile, after a gap of almost two weeks, the foreign institutional investors (FII) have turned net buyers in the Tuesday's trading session first time after April 25, 2017. Hong Kong's Hang Seng index closed up 0.4%, while South Korea's Kospi index ended 1.2% higher.

However, power fell 1.22 percent, utilities 1.03 percent, oil&gas 0.93 percent, energy 0.63 percent and capital goods 0.51 percent.

Kelly Oubre: Kelly Oubre suspended for Game 4 on Sunday
Members of the Celtics medical staff anticipated the need to replace the temporary bridges, and are prepared at any time to do so. They turned the ball over repeatedly which led to easy transition points for the Wizards.

Shanghai Composite Index, however, was down 0.25 per cent. The BSE Small-Cap index fell 0.05 percent.

Other reports by Info About Network

Discuss This Article