Thursday 20 July 2017

Nifty below 9,900 Broader Market Indices Touch New Highs

Posted by suhani varma on Thursday, July 20, 2017 with No comments
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Nifty closed at 9,873 level, down by 26 points and Sensex closed at 31,904 level, down by 50 points on Thursday. There were 783 advances, 863 declines and 315 unchanged stocks on NSE, reflecting strong positive sentiments floating in the market. India VIX closed at 11.31 level, up by 0.53%.Infosys, ITC and Reliance contributed most to the index losses. Infosys closed at Rs 968.75 per share, down by 1.14%. ITC closed at Rs 290.1 per share, down by 0.48%.

BSE Mid-cap index closed at 15,176 level, down by 82 points or 0.54%. The index touched an all-time high of 15,275.91 level during Thursday’s trade. BSE Small-cap index closed at 15,999 level, up by 24 points or 0.15%. BSE Small-cap index also touched its all-time high of 16,050.59 level during today’s trade.Bajaj Finserv was the top gainer, while Canara Bank was the top loser in the mid-cap segment. Bajaj Finserv closed at Rs 4,682.1 per share, up by 2.61%, whereas Canara Bank closed at Rs 351.55 per share, down by 5.24%.

Among small-cap stocks, Sterlite Technologies was the top gainer, which closed at Rs 206.75 per share, up by 20%, while Mastek Limited was the top loser, which closed at Rs 325.55 per share, down by 9.27%.Bank Nifty index touched its lifetime high of 24,299 level in the morning hours. However, the index closed at 24,213 level, up by 60 points or 0.25%. Axis Bank was the top gainer in the index, it closed at Rs 539.15 per share, up by 3.64%.Reliance Industries closed at Rs 1,529.4 per share, down by 0.27%, while Wipro closed at Rs 270.4 per share, down by 0.31% ahead of their Q1FY18 result.

Sugar stocks were buzzing on the bourses reacting to a spike in the sugar prices on the NCDEX. The government has hiked the import duty on sugar to 50% to control dumping of cheaper sugar from international suppliers. Also, the demand for sugar is expected to rise as the festive season is around the corner.Renuka Sugar was the top gainer in the sugar sector, the stock closed at Rs 16.5 per share, up by 9.93%. Other sugar stocks including Simbhaoli Sugar, Triveni Engineering, Dhampur sugar also gained more than 5% on Thursday.

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