Stock markets in India continued to trade strong in the afternoon session and finished well above the dotted line.

Index heavyweights continue to hold the market from falling further, which is off its day’s low now. IT stocks were under pressure due to developments on H1-B visa front.

Late recovery helped equity benchmarks close Friday’s session on a flat note but posted weekly loss for the first time in last six consecutive weeks. Value buying in Reliance Industries and short covering in Infosys offset weakness banking & financials stocks and ITC. Caution continued ahead of assembly elections results next week and Federal Reserve policy meeting on March 14-15.

Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.48% and the Hang Seng rose 0.18%. The Nikkei 225 lost 0.46%.European markets are lower today with shares in Germany off the most. The DAX is down 0.57% while London’s FTSE 100 is off 0.37% and France’s CAC 40 is lower by 0.32%.

NSE Nifty closed Nifty closed at 8,963 levels, up by 65 points or 0.7%, while BSE Sensex closed at 29,048 levels, down up by 215 points or 0.7%.

Reliance was the top Nifty gainer whereas, Grasim was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed up 0.6% at 13,492 whereas, BSE Small-cap Index closed up 0.4% at 13,676.

RIL extended its gains on Monday’s trade. The stock hits its 9-year high of Rs 1312 per share and closed at Rs 1308 per share, up by Rs 49 per share or nearly 4%.

Sugar stocks in opening session extended their gains. KM Sugar Mills was up by 5.7%, Dhampur Sugar was up by 5.4%, Dwarikesh Sugar was up by 3.6%, Oudh Sugar was up by 3.7% and Ugar Sugar was up by 2.2%.

RIL closed at Rs 1308 per share, up by Rs 49 per share or nearly 4%.

Dhampur Sugar closed at Rs 230 per share, up by Rs 21 per share or 10%.

Dredging Corporation closed at Rs 503 per share, up by Rs 56 per share or nearly 13%.

Bombay Burmah closed at Rs 804 per share, up by Rs 88 per share or 12%.

There were 879 advances, 763 declines and 296 unchanged stocks on NSE, reflecting bullish undertone floating in the market.

The rupee was trading at 66.71 per US dollar.

Top 5 Nifty Gainers: Reliance Industries Ltd. (3.93%), Adani Ports & Sez (2.58%), Tata  Motors (2.24%), SBI (1.94%) and Bajaj Auto Ltd. (1.87%).

Top 5 Nifty Losers: Grasim Industries Ltd. (-1.62%), Aurobindo Pharma Ltd. (-1.16%), IDEA (-0.95%), Tech Mahindra Ltd. (-0.73%) and TCS (-0.67%)

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Stock markets in India continued to trade flat in the afternoon session amid weak global markets as expectations of a US interest rate hike weighed on sentiment.

Late recovery helped equity benchmarks close Friday’s session on a flat note but posted weekly loss for the first time in last six consecutive weeks. Value buying in Reliance Industries and short covering in Infosys offset weakness banking & financials stocks and ITC. Caution continued ahead of assembly elections results next week and Federal Reserve policy meeting on March 14-15.

NSE Nifty closed at 8,897 levels, down by 2 points or 0.02%, while BSE Sensex closed at 28,832 levels, down by 7 points or 0.03%.

Asian stock markets finished lower today with shares in Hong Kong leading the losses. The Hang Seng was down 0.74% while Japan’s Nikkei 225 fell 0.49% and China’s Shanghai Composite was lower by 0.34%. European markets too are lower today with shares in Germany off the most. The DAX is down 0.37% while London’s FTSE 100 is off 0.31% and France’s CAC 40 is lower by 0.11%.

Bharti Infratel was the top Nifty gainer whereas, Bosch was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed up 0.2% at 13,409 whereas, BSE Small-cap Index closed up 0.3% at 13,620.

A2Z Infra spiked nearly 5% as the company received a letter of award for nearly $7.66 billion. The stock closed at Rs 41 per share, up by Rs 1 per share or 4.6%.

Sugar stocks rallied post the ISMA report. The biggest gainer in the sugar industry on Friday was Dhampur Sugar. The stock closed at Rs 209 per share, up by Rs 23 per share or 12%.

Ruchira Papers zoomed with gains of more than 3%. The stock touched its intraday high of Rs 142.3 per share, up by 3.26%. The stock closed at Rs 140 per share up by Rs 2.9 per share or 2.1%.

ITI closed at Rs 47 per share, up by Rs 4 per share or 11.2%.

Dhampur Sugar closed at Rs 209 per share, up by Rs 23 per share or 12%.

Dalmia Sugar closed at Rs 182 per share, up by Rs 14 per share or 8.9%.

Tata Investment Corporation closed at Rs 642 per share, up by Rs 52 per share or 8.9%.

There were 737 advances, 876 declines and 308 unchanged stocks on NSE, reflecting flattish undertone floating in the market.

The rupee was trading at 68.80 per US dollar.

Top 5 Nifty Gainers: Bharti Infratel Ltd. (6.14%), Hindalco Industries Ltd. (4.96%), GAIL (3.53%), Grasim Industries Ltd. (2.66%) and Reliance Industries Ltd. (1.77%).

Top 5 Nifty Losers: Bosch Ltd. (-2.21%), HDFC (-2.04%), Ambuja Cements Ltd. (-1.55%), Asian Paints (-1.34%) and Eicher Motors Ltd. (-1.20%)

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Indian share markets witnessed selling pressure in the final hour of trade to finish well below the dotted line.

Equity benchmarks reversed all morning gains in last couple of hours of trade, weighed by profit booking after hitting a fresh 52-week high in opening trade. The market’s attempt to touch 9000 level failed twice during the day.

NSE Nifty closed at 8,899 levels, down by 46 points or 0.5%, while BSE Sensex closed at 28,840 levels, down by 145 points or 0.5%.

Except the Auto sector index, all the other indices closed in negative territory on NSE today.

Broader markets shed its gains in the closing hours on Thursday. BSE Mid-cap index closed at 13,378 levels, down by 192 points or 1.41%. BSE Small-cap index closed at 13,574 levels, down by 178 points or 1.3%.

Tata Motors was the star performer despite the markets facing a weak day. Its stock closed at Rs 461 per share, up by Rs 12 per share or 2.8%. Tata Motors held the BSE Auto index in the positive territory, contributing the most to the index gains.

Neuland Laboratories Ltd., closed at Rs 1,257 per share, up by Rs 157 per share or 14%.

BS Ltd., closed at Rs 2.54 per share, up by Rs 0.23 per share or 9.9%.

National Aluminium Company Ltd., closed at Rs 75.7 per share, up by Rs 4.2 per share or 5.9%.

Biocon Ltd., closed at Rs 1,028 per share, down by Rs 88 per share or 7.9%.

There were 422 advances, 1,226 declines and 273 unchanged stocks on NSE, reflecting strong negative bias floating in the market.

The rupee was trading at 66.70 per US dollar.

Top 5 Nifty Gainers: Tata Motors Ltd. (2.91%), Bajaj Auto (2.38%), UltraTech Cement Ltd. (2.35%), Hero MotoCorp Ltd. (1.63%) and TCS (0.95%).

Top 5 Nifty Losers: BPCL (-4.31%), IDEA (-3.27%), Adani Ports Ltd. (-2.89%), Sun Pharma Ltd. (-2.58%) and NTPC (-2.56%)

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