Positive global cues, strong rupee buoy Indian equities

Posted May 12, 2017

Indian share benchmarks hit record intra-day highs and closed nearly flat on Thursday, shade higher than Wednesday, as investors booked profits amid a choppy trading session.

On similar lines, the NSE Nifty, after hitting an all- time high of 9,414.75, settled higher by 90.45 points, or 0.97 per cent at 9,407.30.

Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at a new high of 30,250.98 points - up 2.81 points or 0.01 per cent from its previous close at 29,933.25 points. The 30-share Sensex also rose as much as 338 points to its record high of 30,271 at intra-day moving beyong its previous peak of 30,177. The market breadth favoured the declines as 1,246 shares advanced against a fall of 1,588 shares, while 169 shares were unchanged.

Meanwhile, the broad based NSE Nifty climbed by 15.10 or 0.16% at 9,422.40 with 22 components posting rise. It is trading up 3% at Rs 194 per share on the BSE.

U.S. dollar, yields rise; stocks slip from record highs
Declining issues outnumbered advancing ones on the NYSE by a 1.23-to-1 ratio; on Nasdaq, a 1.22-to-1 ratio favored decliners. The last time the VIX touched a level this low, it was 1993 and Sleepless in Seattle was about to hit movie house marquees.

All the major stocks of the index are trading in green.

Zee Entertainment Enterprises jumped 5.7% to 545.35 rupees, taking its two-day gains to almost 10%.

BSE Mid-cap index closed higher by 0.19% at 14,821.

The made net investments worth of Rs 333 crore in equities, the stock exchange provisional data shows.

Would price cap pledged by Tories result in lower energy bills?
However, Conn said Centrica's United Kingdom energy supply business makes up only a quarter of its operating cashflow. Here's what key Tory figures have previously said about Miliband's plan to freeze energy prices.

The Indian rupee appreciated by seven paise to 64.30-31 per USA dollar from its previous close of 64.37-38.

"Banking sector stocks traded with mixed sentiments throughout the session due to profit booking, whereas auto stocks extended last session's gain on strong buying support", Desai told IANS.

"Auto and bank stocks rallied on hopes of an increase in rural incomes on strong monsoon forecasts", said Akash Jain, vice president of research, at Ajcon Global. It was followed by Spicejet (5.85 million), Jaiprakash Associates (4.60 million) and Basant Agro Tech (India) (2.47 million).

On the other hand, the S&P BSE FMCG index fell by 60.05 points, the capital goods index edged down by 45.13 points, and the oil and gas index was down by 30.69 points.

Green triple-double leads Warriors past Jazz to complete series sweep
From there, same old same old, and though past year should teach us not to doubt James, the addition of Kevin Durant is too much. While no team has come back from a three-zero playoff deficit, fans say Monday is the night that will change.

Among the top gainers were Bharti Airtel, HDFC and Hindustan Unilever, while Wipro, Tata Consultancy Services, IDBI Bank, Biocon and ICICI Bank incurred losses.