Markets open in green, Nifty holds above 10500

Markets open in green, Nifty holds above 10500

Andrew Cummings
April 19, 2018

Likewise, the NSE Nifty index gained 39.10 points, or 0.37 per cent to 10,565.30.

The barometer 30-scrip Sensex of the BSE, which opened at 34,381.80 points, settled at 34,395.06 points (3.30 p.m.)- up 89.63 points or 0.26 per cent from its previous session's close.

The Sensex touched a high of 34,591.81 points and a low of 34,270.04 points during the intra-day trade.

Investors' sentiment remained upbeat ahead of quarterly earnings of some key companies, including IT major TCS.

Nasdaq closed in green, up by 0.19 per cent, while FTSE 100 was also up by 1.25 percent at the closing on Wednesday.

Brokers said buying by investors coupled with a firm trend in other Asian markets influenced sentiment here.

As much as 60 per cent stocks in the Nifty index closed in green with Hindalco climbing almost 9 per cent, followed by Vedanta (up 6.65 per cent), Tata Steel (up 3.29 per cent), YES Bank (up 2.89 per cent) and Bharti Airtel (up 2.64 per cent).

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, Global oil prices today remained close to late 2014-highs reached in the previous session as United States crude inventories declined and as top exporter Saudi Arabia pushed for prices of $80 to $100 per barrel by continuing to withhold supplies. HPCL fell 3.78%, BPCL 3.54%, and International Olympic Committee shed 2.15%.

It had gained 420.30 points, or 4.15 per cent in the past nine sessions.

Sectorwise, the BSE Metal, Capital Goods and IT index gained 4.46 per cent, 1.06 per cent and 0.92 per cent, respectively, whereas selling was visible in The BSE Oil & Gas as well as Consumer Durables.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 951.39 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 723.81 crore yesterday, as per provisional data.

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