Tuesday 16 May 2017


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Nifty PSU Bank index led the market rally on Tuesday gaining as much as 2.4% during the trade. While the Nifty closed above 9500 for the first time ever, Sensex closed above its crucial 30500 mark. The Nifty Bank and Nifty Midcap also closed at their all-time closing highs. Benchmark index Nifty 50 closed at 9512 level higher by 66 points or 0.7%,whereas the 30-share BSE Sensex closed at 30582 level higher by 260 points or 0.8% on Tuesday.


ITC, TCS, SBI and Reliance contributed 45% to the Nifty gains, with IOC and Indian Hotels being the top Nifty gainers. The broader indices underperformed the major equity indices, BSE Midcap and BSE Small cap indices gained 0.2% and 0.3% respectively.
3M India closed at Rs 13814 per share, up by Rs 1083 or 8%.

Adani Power closed at by Rs 32 per share, up by Rs 2 or 8%.

Indian Hotels closed at Rs 143 per share, up by Rs 6 or 4%.

Central Bank of India at Rs 118 per share, up by Rs 5 or 4%. 

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