Sensex tops 34600, Nifty goes past 10600 as markets rise

25 April, 2018, 00:53 | Author: Sally Reid
  • Though Bharti Airtel has lost 21% in the year so far and one of the worst performing stock in the Sensex analysts are still bullish on the stock

The BSE 30-share Sensex took off on a positive note at 34,491.38 and advanced to the day's high of 34,706.71 before ending at 34,616.64.

The NSE Nifty, after shuttling between 10,636.80 and 10,569, finally settled 29.65 points, or 0.28 per cent higher at 10,614.35.

"It has been a volatile day on the bourses as markets have not been able to hold on to gains, while bears have been unsuccessful in putting a lid on positive sentiment". About 1,478 shares declined against 1,179 advancing shares on the BSE.

Bucking the trend, the S&P BSE Small-Cap index shed 0.13 per cent while the mid-cap index inched down 0.02 per cent.

On the global front, Asian markets ended mostly higher despite the Dow and the Nasdaq falling amid a decline in tech shares.

In the Sensex gainers' list, RIL was followed by Yes Bank (3.31 per cent), M&M (1.94 per cent) and Adani Ports (1.74 per cent).

Houthi leader among those killed in Saudi-led air strikes in Yemen
At least 30 of the wounded were children, some in critical condition with severed limbs and shrapnel wounds, officials said . Saudi-led coalition has committed more crimes against Yemeni civilians in Hajjah and Saada in light of global silence.

European markets hit 10-week highs on Monday as financials gained ground on rising bond yields and ahead of the upcoming policy decision from the European Central Bank.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 21.02 crore on a net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 111.01 crore last Friday, provisional data showed.

US bond prices rebounded too, capping four days of falls that sent 10-year Treasury yields closer to the key psychological barrier of 3 percent - a level not seen since early 2014.

The BSE Oil & Gas index was trading 1.13 per cent up at 14,567 around 01:40 pm (IST).

The top losers were: Wipro, down 3.30 per cent at Rs 287.05; Infosys, down 2.49 per cent at Rs 1,153.90; Tata Steel, down 1.23 per cent at Rs 598.25; State Bank of India, down 0.87 per cent at Rs 240.60; and Tata Consultancy Services, down 0.87 per cent at Rs 3,385.65.

Yes Bank (+3.4%), Reliance (+2.8%), Bajaj Finserv (+2.3%), HDFC (+1.7%) and ICICI Bank (+1.5%) were the top gainers on Nifty50.