Daily Market Commentary : 5th April 2017

Todays SENSEX after 2 years rich to 30k mark but close at 29974.24(+64.02).

BSE Sensex closed 64.02 points, or 0.21 per cent, up at 29,974.24, while the 50-share NSE Nifty index settled 27.30 points, or 0.30 per cent, up at 9,265.15.

Ahead of RBI’s Monetary Policy Committee decision on Thursday Banking Stocks goes up.

BSE Mid-cap Index closed up 0.46% at 14256 whereas, BSE Small-cap Index closed up 1.1% at 14785.

Adani Ports and Maruti Suzuki surged 4% plus and topped the list whereas, HDFC and HCLTECH were the top losers with 2% and more losses.

On the sector specific front, Nifty Realty and Media indices surged 3.1% and 2.1% respectively. On the contrary, defensive like IT and FMCG posted losses worth 0.7% and 0.2%. Financial services too sustained pessimism with 0.25% loss.

HEG closed at Rs 270 per share up by Rs 45 or 20%.

Graphite closed at Rs 134 per share up by Rs 19.4 or 17%.

MFSL Ltd closed at Rs 595 per share, up by Rs 27 or 4.8%.

Reliance Communications Limited closed at by Rs 41 per share up by Rs 1.85 or 4.76%.

The rupee was trading at 64.87 per US dollar.

Top 5 Nifty Gainers: ADANIPORTS(4.57%), MARUTI(4.33%), RELIANCE(2.94%), ZEEL(2.76%), HINDALCO(2.17%).

Top 5 Nifty Losers: HDFC(-2.72%), HCLTECH(-2.11%), COALINDIA(-1.69%), INFY(-1.35%), TECHM(-1.35%)

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