Wednesday, 10 May 2017

Nifty Ends Above 9400 For First Time Ever, Sensex Closes Near 30,250

Posted by suhani varma on Wednesday, May 10, 2017 with No comments
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HDFC twins and Reliance emerged as top Nifty gainers on Wednesday. On the sectoral front, Nifty Bank and Nifty mid-cap indices ended at their record high. Benchmark indices NSE Nifty closed at 9407.30 up by 90 points, whereas BSE Sensex closed higher by 314 points at 30,258 on Wednesday.

Telecom companies such as Idea Cellular and Bharti Airtel rose to higher levels in trade. Bharti Airtel was the top index gainer rising 8%. Nifty bank underperforms in today’s trading session as PSU banks trade under pressure.

Bharti Airtel, an Indian global telecommunications services, on Wednesday’s trading session rose 10% on the NSE despite the telecom major posted a 69% drop in profit for the January-March quarter, which it announced on Tuesday, as newcomer Reliance Jio had launched a price war putting pressure on its earnings.
 
The shares of Hindustan Unilever Limited (HUL), an Indian consumer goods company based in Mumbai on Wednesday’s trade rallied as much as 5% on the bourses, scaling new record highs after a global brokerage firm upgraded shares of parent company Unilever PL. The stock closed at Rs 993.20 per share, up by 4.32% on the BSE.

Jubilant Industries on Wednesday put up a stellar performance as the stock of the company rallied 13.5% on the NSE. The stock hit an intraday high of Rs 326.95 per share and an intraday low of Rs 292.30 per share. The stock closed at Rs 311 per share, up by 8% on the BSE.


Mirza International closed higher by 14.46% at Rs 133.35 per share.

Marksans Pharma closed higher by 12.77% at Rs 54.30 per share.

ABB India closed higher by 5.02% at Rs 1615.05 per share.

Adani Enterprises closed higher by 4.61% at Rs 123.65 per share.

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