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This article is more than 3 year old.

Markets close with minor gains post a volatile session; Reliance, Kotak Mahindra Bank among gainers

Markets close with minor gains post a volatile session; Reliance, Kotak Mahindra Bank among gainers
Indian market closed marginally higher amidst volatility with the Sensex and the Nifty posting gains for seventh day in a row. The Nifty failed to hold on to 10,500, closed with minor gains of 22 points at 10,481.
The Sensex gained 92 points and closed at 34,193. In broader markets, the Nifty bank Index underperformed, closed flat at 25,201. The Nifty Midcap Index ended the session with a gain of 105 points at 19,676. IT sector helped the Nifty hold on to gains ahead of earnings, while FMCG & Capital Goods dragged.
Reliance, Infosys and Kotak Mahindra Bank contributed the most to upside while Maruti, Axis Bank and  BPCL dragged among large cap stocks,.
Midcaps such as TVS Motors, JSPL and Indian Hotels were the noteworthy gaining contributors.
Volatility in markets could be gauged by market breadth as declines overtook gains by the close of the trade. The NSE Advance-Decline ratio is at 1:1 against the opening of 2:1, meaning NSE closed with one stock advancing against one stock declining.
In derivatives, the Nifty 10,700 Call added a little over 14 lakh shares in the open interest, with premium slipping to 16.70 from 17.50. The Nifty 10,500 Put added 13 lakh shares in open interest, with premium slipping to 94 from Thursday’s level of 121. Nifty April Futures premium improved to 15 points against Thursday’s level of 6.35.
On the global front, Asian stocks closed largely with gains as trade & geopolitical worries ebbed. The Nikkei rose 0.55% to close at 21,779. South Korea's Kospi edged up by 0.51% to 2,455. The Shanghai Composite closed 0.6% lower
Stocks: Exchange Announcements
Reliance Industries said it will Invest up to $180 million in Embibe (Indiavidual Learning Pvt Ltd) over next three years and will acquire a 72.7% majority stake.
Titan Company LTd said its jewellery business will see 2.5 times revenue  growth from FY17 level, by FY23.
Ashok Leyland said it bagged order for High Mobility 10x10 vehicles (HMV 10x10) to carry Smerch Rockets, with initial order worth over Rs 100 crore.
NBCC has signed an MoU with Skill Development Institute (SDI), Bhubaneswar,  for planning, designing and construction, amounting Rs. 300 crore.
Premier Explosives said it tied up with French company, NEXTER for manufacturing of bi-modular charge systems.
Relience Infrastaucture bagged  a 1,584 crore Mumbai Metro order.
BEML and Ordnance Factories Board (OFB) launched  155 mm 52 cal mounted gun system.
HDFC Bank said it proposed to raise up to 50,000 crore via perpetual debt instruments In FY19  .
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