The liquidity driven rally has taken benchmark indices to record highs, along with nearly 100 stocks on the BSE, but will the rally hold? This is one question which everybody is asking right now.
NSE Nifty closed at 9342 levels, lower by 9 points or 0.1%, whereas the BSE Sensex closed at 30,029 levels, lower by 103 points or 0.3%.
While, BSE Mid-cap Index closed up 0.07% at 14772 whereas, BSE Small-cap Index closed down 0.02% at 15279.
Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.49% and the Shanghai Composite rose 0.36%. The Nikkei 225 lost 0.19%. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.58% while France’s CAC 40 is off 0.33% and Germany’s DAX is lower by 0.24%.
Bank stocks finished the day on a mixed note with IDFC Bank & Yes Bank leading the gains. Axis bank share price declined over 2.2% after the private lender reported a 43.13% drop in net profit for the quarter ended 31 March 2017 to Rs 12.25 billion from Rs 21.54 billion reported for the same quarter of 2015-16.
Bank of India closed at Rs 179 per share, up by Rs 15.75 or 9.65%.
IDFC Bank closed at by Rs 65.15 per share up by Rs 3.90 or 6.37%.
Manglore Refinery and Petrochemicals closed at Rs 132.95 per share up by Rs 7.10 or 5.65%.
JSW Energy closed at Rs 67.10 per share up by Rs 3.45 or 5.4%
The rupee was trading at 64.11 per US dollar.
Top 5 Nifty Gainers: YESBANK. (3.58%), ACC (2.21%), IOC (2.12%), KOTAKBANK (1.52%) and AMBUJACEM (1.48%).
Top 5 Nifty Losers: AUROPHARMA (-3.02 %), LUPIN (-2.63%), ITC (-1.91%), AXISBANK (-1.72%) and HDFC (-1.57%)
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