Sensex, Nifty End Higher For Eighth Day

16 April, 2018, 15:23 | Author: Darnell Taylor
  • At 10am Sensex was down 0.12% at 34,151.86 points while the Nifty 50 edged down 0.14% to 10,466 points

On the economy front, Inflation measured by the Wholesale Price Index stood at 2.47% last month, compared with 2.48% in February.

Gruh Finance gained 5% after the board also recommended a dividend of Rs3.30 per equity share of face value of Rs2 each for the financial year ended March 31, 2018.

The BSE benchmark Sensex trimmed some early losses tracking caution in other Asian markets after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

Infosys lost 3.2 percent after the IT firm lowered its EBIT margin guidance.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,944.73 points, traded at 34,116.08 points - down 76.57 points or 0.22 per cent from its previous session's close.

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The broader 50 share Nifty of the National Stock Exchange (NSE) was trading lower by 84.25 points (0.80 percent) at 10396.35.

Tata Motors which closed 4.96% lower at 339 level was the top Sensex loser on reports that Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales caused by uncertainty around Brexit and confusion over diesel policy.

Healthy buying in healthcare, fast moving consumer goods (FMCG) and capital goods stocks supported the upward trajectory of key indices.

The major gainers on the BSE on Monday so far were Asian Paints, Mahindra and Mahindra, HDFC, Hero MotoCorp and ITC, while Tata Motors (DVR), Tata Motors, Infosys, Tata Steel, ONGC were among the main losers.

The rupee fell 20 paise against the United States dollar in early trade on global trade war concerns, dip in March exports and a sharp drop in domestic equities.

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