Both the indices end at 5-mth high, Nifty hits 8,900-level

21 Feb 2017

The S&P BSE benchmark sensex continued to rule firm for the fourth day Tuesday, surging by 100 points to close at 5-month high at 28,761.59 and the NSE 50-share Nifty hit 8,900-level after 5-month to end at 8,907.85 on persistent buying in select counters.
Shares of Consumer Durable, Banking, Finance, Oil&Gas , Industrial and Capital Goods firmed up on good buying while shares of Telecom, Teck and IT declined on selling pressure.
The sensex resumed higher at 28,716.70 and hovered in a range of 28,801.00 and 28,597.33 before ending at 5-month closing high at 28,761.59, showing a gain of 100.01 points or 0.35 per cent. The sensex had last ended at 28,773.13 on Sept 22, 2016.
It has gained by 606.03 points or 2.15 per cent in four days.
The NSE 50-share Nifty also rose by 28.65 points or 0.32 per cent to close above 8,900 level after five months at 8,907.85. The Nifty had last closed at 8,952.50 on Sept 8, 2016
In overseas, Asian stocks ended mixed as investors looked ahead to minutes from the US Federal Reserve's latest meeting and Wall Street prepared to reopen after a three-day weekend. US markets had remained closed on Monday, 20 February 2017 for the Presidents Day holiday. Key indices in China, Japan, South Korea and Taiwan rose by 0.11 pct to 0.89 pct.
European stocks were slightly lower as investors focused on company earnings and fresh economic data. Key indices in France and UK eased by 0.15 pct to 0.28 pct while Germany's DAX was quoted higher by 0.17 pct.
Foreign portfolio investors (FPIs) sold shares net worth a whopping Rs 433.38 crore yesterday, provisional data showed.
Back home, mid-cap and small-cap indices ended higher by 0.52 per cent and 0.46 per cent, respectively. Both these indices outperformed the Sensex.
Of the 30-share Sensex pack, 19 scrips ended higher.
Major gainers were Axis Bank 4.99 per cent, Asian Paints 1.61 per cent, Reliance 1.36 per cent, Adani Ports 1.18 per cent, HUL 1.17 per cent, HDFC 1.06 per cent, ICICI Bank 0.96 per cent, Hero Motoco 0.82 per cent, ONGC 0.80 per cent and Tata Steel 0.80 per cent.
However, Bharti Artl fell by 3.38 per cent followed by TCS 1.68 per cent, Sun Pharma 0.93 per cent, Maruti 0.48 per cent and Power Grid 0.29 per cent.
Among BSE sectoral and industry indices, consumer durables rose by 2.44 pct followed by bankex 0.97 per cent, finance 0.86 per cent, oil&gas 0.82 per cent, industrials 0.60 per cent, capital goods 0.34 per cent, metal 0.32 per cent and auto 0.27 per cent, while telecom fell by 2.35 per cent, teck 0.51 per cent and IT 0.17 per cent.
The market breadth remained positive as 1,551 shares advanced, 1,269 lost while 187 ruled steady.
The total turnover on BSE amounted to Rs 3,017.92 crore, higher than the turnover of Rs 2,910.44 crore registered during the previous trading session. (PTI)