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Closing Bell; Market close with gains; HDFC Twins and ITC among top index gainers

Closing Bell; Market close with gains; HDFC Twins and ITC among top index gainers

Closing Bell; Market close with gains; HDFC Twins and ITC among top index gainers
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This blog will keep you updated with the latest trends in the market.

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Market close with gains; HDFC Twins and ITC among top index gainers. ## Markets close with gains; HDFC Twins and ITC among top index gainers.

Indian market recovered from opening lows to end at day’s high despite global markets largely closing in the red. Sensex advanced 113 points to 34,305 after a 406-point trading range. Nifty gained 48 points to 10,528. From broader markets, Nifty bank & Nifty Midcap too gains more than 100 points each.
The market breadth was in favour of declines despite gains and the advance-decline ratio stood at 1:1. The put-call ration stood at 1.61 as against Friday's level of 1.58.
HDFC twins & ITC have been the biggest Index contributors whereas Infosys dragged the most. Most brokerages found margin guidance of 22-24% by Infosys for the FY19, a bit conservative. And, that led to over 3% fall in the stock. Other IT stocks had a strong day on the back of falling rupee. Besides IT, there were some names including Kotak Mahindra Bank, which made noteworthy gains, Kotak Mahindra Bank closed at fresh 52-week high, with the bank surpassing SBI in the market cap. In the midcap space, financials took the limelight, with Edelweiss Fin, Gruh Fin & M&M Fin being the top gainers.

Apr 16, 2018 3:47 PM

The market extend gains. ## The market extend gains.

The market extended gains with Sensex gaining more than 100 points at 34,310 and Nifty trading above 10,500 levels. Infosys, Tata Motors and Reliance Industries continue to be under pressure.

Apr 16, 2018 3:11 PM

1-day default period should be scrapped, says government official.

Apr 16, 2018 2:47 PM

Kotak Mahindra Bank overtakes SBI in market midcap.

Apr 16, 2018 2:10 PM

Market recovers from all the losses. ## Market recovers from all the losses.

Benchmark indices recovered from all the losses with the Nifty reclaiming 10,500 levels. The BSE Sensex gained by 60 points at  34,252 and the NSE Nifty rose by 28 points at 10,509.

Apr 16, 2018 2:07 PM

Aviation Ministry asks Finance Ministry to bring all aircraft parts under 5% GST.

Apr 16, 2018 1:50 PM

Market recovers from lows.

Apr 16, 2018 1:13 PM

Vedanta appoints Srinivasan Venkatakrishnan as the CEO.

Apr 16, 2018 12:57 PM

Watch the rise in gold prices since 2016.

Apr 16, 2018 12:40 PM

Rupee slips to five month low against the dollar.

Apr 16, 2018 12:01 PM

Markets still under pressure. ## Markets still under pressure.

Benchmark indices remained under pressure as the BSE Sensex is down by 97 points and NSE Nifty is down by 18 points.

Apr 16, 2018 11:58 AM

Ultratech to issue redeemable NCDs.

Apr 16, 2018 11:46 AM

Rupee stands at 65.42 against the dollar.

Apr 16, 2018 11:30 AM

BHEL gets R&M order.

Apr 16, 2018 11:26 AM

Supreme Court stays referral of Jayaswal Neco to NCLT under IBC.

Apr 16, 2018 11:13 AM