Nifty ends the volatile session above 3050
Mumbai, Apr 1:After an extremely choppy session, Indian stock market ended Wednesday's, Apr 1 trade in a positive terrain.
Among sectors, realty led the rally with a gain of 5.47 per cent followed by IT, oil & gas, banking and consumer durables. However, healthcare and FMCG sectors underperformed the index and were ended in red.
The Nifty ended at provisional 3065.45, up 44.50 points or 1.47 per cent over Tuesday"s close. The NSE benchmark saw a high of 3069.30 and low of 2965.70 during the day.
The
BSE
Sensex
closed
at
provisional
9,914
higher
by
206.30
points
or
2.12
per
cent
from
the
previous
close.
Intraday,
the
30-share
index
moved
between
9,921.96
and
9,546.29
a
band
of
around
375.67
points.
4.20PM
Sensex hovers near 9800; Ranbaxy, HDFC up
Indian benchmarks remained in the positive terrain Wednesday, Apr 1 despite the weak opening of European markets. Buying activity was seen in realty and IT stocks while FMCG and healthcare stocks remained under pressure. Selling after the poor opening of Europe was short-lived.
Bombay Stock Exchange"s Sensex was at 9823.47, up 114.97 points or 1.18 per cent. The main index hit a high of 9843.84 and low of 9546.29.
National Stock Exchange"s Nifty was at 3046.05, up 25.10 points or 0.83 per cent. The 50-share index touched an intra-day high of 3048.84 and low of 2965.70.
BSE Midcap Index was up 1.63 per cent and BSE Smallcap Index moved 2.46 per cent higher.
Ranbaxy Laboratories (8.21pc), HDFC (6.85pc), DLF (4.40pc), Reliance Communications (3.89pc) and Mahindra & Mahindra (3.60pc) were the top Sensex gainers.
Sun
Pharmaceuticals
(-3.99pc),
Hindustan
Unilever
(-2.39pc),
BHEL
(-2.29pc),
Tata
Motors
(-2.11pc)
and
Grasim
Industries
(-1.76pc).
2.36PM
Sensex
off
lows;
realty,
metals
gain
Key indices were pared early losses and crawling their way up on the back of some value buying at lower levels. Realty and metals led the upmove while healthcare and FMCG space were down. Meanwhile broader markets continued to rise and outperform benchmarks.
At 10:30 am, Bombay Stock Exchange"s Sensex was at 9639.38, down 69.12 points or 0.71 per cent. The index touched an intra-day low of 9546.29 and a high of 9745.77.
National Stock Exchange"s Nifty was at 2990, down 30.85 points or 1.02 per cent. It hit a low of 2965.70 and high of 3032.90 in early trade.
Investors continued to show interest in broader market. BSE Midcap Index was up 0.99 per cent and BSE Smallcap Index gained 1.07 per cent.
Bharti Airtel (-3.80pc), Sun Pharmaceuticals (-3.67pc), Hindustan Unilever (-3.30pc), TCS (-2.87pc) and ITC (-2.22pc) were the major Sensex losers.
Gainers
included
Ranbaxy
Laboratories
(3.80pc),
HDFC
(3.03pc),
Tata
Power
(2.25pc),
Sterlite
Industries
(1.53pc)
and
Tata
Steel
(1.24pc).
11.47
AM
Nifty
falls
below
3000;
banks
under
pressure
After
a
positive
opening,
stocks
gave
away
gains
on
Wednesday,
Apr
1
in
the
first
few
minutes
of
trade
despite
positive
cues
from
global
shores.
Banking
stocks
were
the
worst
hit.
At open, Bombay Stock Exchange"s Sensex rose 37.27 points to 9745.75 but quickly pared gains to trade 113 points lower at 9606.83. National Stock Exchange"s Nifty fell 1.29 per cent to 2982.
Asian equities were also trading higher with the Nikkei surging 2.5 per cent and Topix rising 2.87 per cent. Hang Seng was up 0.33 per cent and Straits Times edged 0.47 per cent.
OneIndia News