Friday 29 December 2017

Nifty Trades Above 10,500 Mark; Metal, Realty Index Slip

Posted by suhani varma on Friday, December 29, 2017 with No comments



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Benchmark indices extended gains backed by auto, FMCG, PSU banks, telecom and technology stocks.Indices extended gains in late morning deals, with the Sensex trading above the psychological 34,000 mark after regaining the level in morning trade. Today’s gain were led by TCS, HDFC, Maruti and ITC. Also, shares of telecom and telecom tower infrastructure providers rose.
the BSE Sensex was trading at 34,004, up 156 points, while the Nifty50 Index was ruling at 10,514, up 36 points.

Cadila Healthcare has received the final approval from the USFDA to market Clomipramine Hydrochloride capsules USP. Stock advanced 1.5%.

Aarti Industries announced that they have signed a Rs10,000cr multi-year exclusive supply contract with a leading global chemical conglomerate. Stock rallied 6%.

The BSE Midcap and BSE Smallcap indices were up 0.41% and 0.62%, respectively.

Volatility index India VIX rose 0.89%.

Infratel (+2.4%), Asian Paints (+2%), TCS (+1.7%), Tata Motors (+1.6%) and Axis Bank (+1.5%) were the top gainers on Nifty50.

Gail (-1.7%), BPCL (-1.6%), HPCL (-1.5%), Hindalco (-1.4%) and Zee (-1.1%) were the top losers in today’s trade.

Out of 1,999 stocks traded on the NSE, 1,042 advanced, 630 declined and 327 remained unchanged today.

A total of 93 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

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