By Aamar Deo Singh, Head Advisory, Angel Broking Ltd
Benchmark indices ended higher in today’s trading session led by a surge in heavyweight financials.
The Nifty rose by 0.83% or 94.85 points and closed above the 11,400 mark at 11,466.45. On the other hand, Sensex went up by 0.95% or 364.36 points and closed at 38,799.08.
Around 1500 shares advanced, 1109 shares declined, while 136 shares remained unchanged.
Zee Entertainment (4.76%), Kotak Mahindra Bank (3.49%), IndusInd Bank (3.33%), Bajaj Finance (3.06%), and HDFC Bank (2.69%) were among top Nifty gainers, while Power Grid Corp (2.01%), Adani Ports (1.09%), Mahindra & Mahindra (1.18%), and Hindalco Industries (1.07%) and Grasim Industries (1.05%) were among top Nifty losers.
IT and pharma sectors ended in the red, while the banking, auto, metal, and FMCG sectors ended in the green. BSE Midcap rose by 0.44% and BSE Smallcap surged by 1.57%.
Zee Entertainment
Stocks of Zee Entertainment went up by 4.76% and traded at Rs.201.20 after veteran investor Manish Chokhani, who is also an independent Director in the company bought shares of Zee Entertainment.
Steel Strip Wheels Limited
Stocks of Steel Strips Wheels Ltd. rose by 2.66% and traded at Rs.488.00 after the company bagged firm export orders for exporting over 3,200 wheels for EU Trucks and US Mobile Home Market.
Orient Bell Ltd.
Ace investor Porinju Veliyath acquired an additional 80,000 shares in the company on Friday at Rs.91.87 per share. The stocks of the company surged by 6.26% and traded at Rs.98.40.
Future Retail Ltd.
Stocks of Future Retail tripped down by 5.31% and traded at Rs.115.85 after the company failed to honour its dues. The company is required to repay $14 million or Rs.105 crore to its coupon holders. The company at present has a consolidated debt of Rs.12,778 crore as per the company’s public reports.
Hinduja Global Solutions Ltd.
The company announced its participation as an Amazon Web Series Contact Center that specializes in helping customers add intelligence to the existing contact center solution. The stocks of the company went up by 2.32% and traded at Rs.733.00.
Indian Rupee
Indian rupee extended gains to the highest level and ended at Rs. 74.31 against the US Dollar amid positive domestic equity markets.
Gold
The prices of the yellow metal tripped down on MCX today following weakness in the international spot prices. Also, the steady Dollar fueled the decline in gold prices.
Global Markets Trade Higher
Nasdaq closed higher as the data pointed towards strengthening the US economy and went up by 0.42%. Nikkei 225 too rose by 0.28% while Hang Seng went up by 1.74%. European markets also traded in the green in today’s session. FTSE 100 surged by 1.72% while FTSE MIB rose by 2.08%.
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