Sensex Ends Higher Amid Volatile Trading

Posted By: Religare
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    The Indian benchmarks closed on positive note in the midst of a volatile trading session led by index heavyweight Reliance Inds and bank shares.

    Meanwhile, a Reuter"s poll of economists hinted that factory growth slowed for a third month running in February.

    Weaker growth and inflation below the RBI's goal of 6% by January 2016 would give the central bank room to ease policy further this year to spur activity.

    Sensex Ends Higher Amid Volatile Trading
    Indices

    Banking shares closed higher on the bourses after Moody's Investors Service changed India's outlook to 'positive' from 'stable' earlier and affirmed 'Baa3' credit rating on Thursday.

    The BSE SENSEX closed at 28885.21 up by 177.46 points or by 0.62 per cent and then NSE Nifty closed at 8778.3 up by 63.9 points or by 0.73 per cent.

    The BSE MIDCAP closed at 11050.25 up by 28.08 points or by 0.25 per cent. while the BSE SMLCAP closed at 11717.48 up by 82.1 points or by 0.71 per cent

    The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 894.95,+3.40 per cent), Axis Bank Ltd. (Rs. 572.20,+2.88 per cent), Tata Steel Ltd. (Rs. 345.30,+2.69 per cent), State Bank of India (Rs. 280.45,+2.50 per cent), HDFC Bank Ltd. (Rs. 1053.05,+1.68 per cent), among others.

    The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 1113.30,-3.21 per cent), Bharti Airtel Ltd. (Rs. 406.80,-2.97 per cent), GAIL (India) Ltd. (Rs. 396.95,-2.96 per cent), Cipla Ltd. (Rs. 719.15,-2.34 per cent), Bharat Heavy Electricals Ltd. (Rs. 233.00,-1.19 per cent), among others.

    The top gainers of the NSE Nifty pack were Punjab National Bank (Rs. 161.95,+5.99 per cent), Zee Entertainment Enterprises Ltd. (Rs. 357.10,+4.91 per cent), IndusInd Bank Ltd. (Rs. 943.90,+4.65 per cent), Kotak Mahindra Bank Ltd. (Rs. 1430.60,+4.30 per cent), Reliance Industries Ltd. (Rs. 895.10,+3.37 per cent), among others.

    The top losers of the NSE Nifty pack were GAIL (India) Ltd. (Rs. 397.20,-3.22 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 1113.45,-3.22 per cent), Lupin Ltd. (Rs. 2015.75,-3.19 per cent), Bharti Airtel Ltd. (Rs. 407.20,-2.85 per cent), Idea Cellular Ltd. (Rs. 187.65,-2.37 per cent), among others

    Among the thirteen sectoral indices, banking index was leading the rise and closed at 21687 up by 546.23 points or by 2.58 per cent.

    Punjab National Bank (Rs. 161.85,+6.03 per cent), IndusInd Bank Ltd. (Rs. 943.00,+4.63 per cent), Kotak Mahindra Bank Ltd. (Rs. 1431.10,+4.20 per cent), Bank of India (Rs. 212.65,+3.15 per cent), Axis Bank Ltd. (Rs. 572.20,+2.88 per cent),.

    The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2998 , shares advanced were 1609 while 1298 shares declined and 91 were unchanged.

    Read more about: sensex nifty
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