Indian Indices Nifty and Sensex making new highes consecutive week.
Indian share markets continued to trade in green in afternoon session after consumer inflation in April eased to its lowest in at least five years. At the closing bell, the BSE Sensex stood higher by 134 points, while the NSE Nifty finished up by 45 points.
Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 1.3% and 0.8% respectively. Gains were largely seen in metal stocks, pharma stocks and realty stocks.
The markets are touching new highs. Markets are awash with funds. Experts are justifying high valuations. The reasons are far-fetched – from GST to Make in India to a cashless economy. And retail investors seem to be falling for it.
The BSE Mid-cap index closed at 15040 level up by 186 points while the BSE Small-cap index closed at 15650 levels up by 121 points.
Bank Nifty gained 150 points in trade mainly led by Kotak Mahindra Bank and ICICI Bank.
Tata Steel Limited was the top Nifty gainer closed higher by 4.5% at Rs 456.45 per share whereas Aurobindo Pharma stock closed lower by around 1.6% at Rs 613.6 per share.
The rupee was trading at 64.06 per US dollar.
Piramal Enterprises Ltd. closed higher by 9.98% at Rs 2870 per share.
GMR Infrastructure Ltd. closed higher by 6.02% at Rs 17.6 per share.
Alankit Ltd. closed higher by 18.31% at Rs 25.2 per share.
Kansai Nerolac Paints Limited closed higher by 4.97% at Rs 430.6 per share.
Top 5 Nifty Gainers: TATASTEEL. (4.52%), HINDALCO (4.00%), DRREDDY(3.36%), BOSCHLTD (2.76%) and LUPIN (2.48%).
Top 5 Nifty Losers: AUROPHARMA (-1.62 %), INFY (-1.14%), INFRATEL (-0.90%), EICHERMOT (-0.90%), and HEROMOTOCO(-0.66%).
To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9891224488.