MUMBAI :Mumbai: Benchmark indices BSE Sense and NSE’s Nifty 50 closed higher on Wednesday led by market heavyweights HDFC, Reliance Industries and TCS offsetting losses in shares of oil marketing companies. However, gains were capped following mixed trades in global equities after US President Donald Trump scrapped the Iran nuclear deal, pushing oil prices to highest since 2014. Meanwhile, foreign investors sold shares worth Rs97.15 crore on net basis, while domestic investors bought equities to the tune of Rs923.25 crore on Tuesday, provisional data showed. Here are the latest updates from the markets:
Market update
BSE Sensex closed higher by 103.03 points, or 0.29%, to 35,319.35, while the Nifty 50 rose 23.90 points, or 0.22%, to close at 10,741.70. BSE MidCap and SmallCap declined 0.63% and 0.10%, respectively. Among the sectoral indices on BSE, IT gained most at 0.74%, teck 0.56%, consumer durables 0.46% and capital goods 0.40%. Power fell 0.57%, utilities 0.49%, healthcare 0.47% and basic materials 0.31%. Tata Motors, Asian Paints, TCS and Axis Bank were top gainers, whereas Sun Pharma, ICICI Bank, Maruti and Wipro were among the major losers.
Market update
BSE Sensex traded higher by 77.91 points, or 0.22%, to 35,294.23, while the Nifty 50 rose 19.95 points, or 0.19%, to 10,737.75. Among the sectoral indices on BSE, IT, consumer durables, IT and Teck traded higher, while power, utilities, healthcare and FMCG traded lower. BSE MidCap and SmallCap declined 0.62% and 0.10%, respectively. Tata Motors, Asian Paints, TCS and Yes Bank were top gainers, whereas Sun Pharma, ICICI Bank, M&M and HDFC were among the major losers.
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The Indian rupee on Wednesday weakened to a fresh 15-month low against the US dollar, tracking losses in Asian currencies amid continued outflows from local assets and elevated crude oil prices. The rupee was trading at 67.43 against US dollar, down 0.49% from its previous close of 67.08. The currency opened at 66.34 and touched a low of 67.48—a level last seen on 2 February 2017. Year to date, it lost over 5.2%. The 10-year bond yield stood at 7.706%, up 13 basis points, from its previous close of 7.581%. Bond yields and prices move in opposite directions.
Market update
BSE Sensex traded higher by 173.33 points, or 0.49%, to 35,389.65, while the Nifty 50 rose 46.20 points, or 0.43%, to 10,764.
Arvind shares jump 4% after Q4 earnings
Arvind Ltd shares jumped 4.263% to Rs437.30 after the company reported a 16% increase in March-quarter net profit to at Rs109 crore from Rs93.42 crore last year. The company’s consolidated revenue from operations stood at Rs2,990 crore in the quarter versus Rs2,466 crore a year ago.
Smartlink Holdings gets NBFI certificate
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Tata Motors shares rise 3% after JLR April sales data
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Market update
BSE Sensex traded higher by 24.77 points, or 0.07%, to 35,241.09, while the Nifty 50 edged up 1.50 points, or 0.01%, to 10,719.30.
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Hindalco Industries shares up 4%
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Shares of oil marketing companies trade lower
Shares of oil marketing companies were trading lower after oil prices rose to the highest level since late 2014 after US President Donald Trump said the US will withdraw from the Iran nuclear deal, a move that was seen as raising the chances of another Mideast war and testing Washington’s relations with Europe.Hindustan Petroleum Corp Ltd fell 4%, Bharat Petroleum Corp Ltd 3.2% and Indian Oil Corp Ltd 2.7%.
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Sensex, Nifty trade lower
BSE Sensex traded lower by 37.31 points, or 0.11%, to 35,179.01, while the Nifty 50 edged lower 8.35 points, or 0.08%, to 10,709.45.
Rupee weakens to 15-month low against US dollar
The Indian rupee weakened to a fresh 15-month low against the US dollar, tracking losses in Asian currencies amid continued outflows from local assets and elevated crude oil prices.The rupee was trading at 67.38 against US dollar, down 0.45% from its previous close of 67.08. The currency opened at 66.34 and touched a low of 67.39—a level last seen on 8 February 2017. Year to date, it lost over 5%.The 10-year bond yield stood at 7.648%, from its previous close of 7.581%. Bond yields and prices move in opposite directions.
Asian shares trade lower
Asian stocks slipped and crude oil climbed past $70 in New York after President Donald Trump scrapped the nuclear deal with Iran. Treasury yields advanced toward 3 percent, helping stoke gains in the dollar against the yen.The MSCI Asia Pacific Index fell 0.5%. Topix index sank 0.5%. Kospi index fell 0.4%. Hong Kong’s Hang Seng Index was little changed. Futures on the S&P 500 Index fell less than 0.05%.Concern about an increase in geopolitical tension is weighing on global sentiment at the same time as concerns spread over the implications of higher Treasury yields and a stronger dollar. Sanctions on Iran could potentially disrupt supplies from OPEC’s third-largest producer and open an uncertain new chapter for the Middle East. (Bloomberg)
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