Sunday, 15 July, 2018


Nifty April futures trade at modest premium

At 10am Sensex was down 0.12% at 34,151.86 points while the Nifty 50 edged down 0.14% to 10,466 points At 10am Sensex was down 0.12% at 34,151.86 points while the Nifty 50 edged down 0.14% to 10,466 points
Kristine Garrett | 16 April, 2018, 23:05

The indexes entered positive territory almost 2.5 hours before the market closing after U.S. air strikes on Syria appeared to be having scant impact on trading, and oil prices fell back.

Domestic bourses started the day on a sluggish note due to mixed cues from Asian markets in the wake of US-led allied forces' attack on Syria, fuelling fresh geopolitical tensions.

On the NSE, the top gainers were Cipla, Grasim Industries and Lupin, while the top losers were Tata Motors, Infosys and Vedanta.

According to government data, wholesale inflation eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

India's exports dipped by 0.66 per cent to United States dollars 29.11 billion in March, even as they increased by 9.78 per cent for the full 2017-18 fiscal.

The gauge had gained 1,173.88 points in the previous seven sessions.

Last week, the Sensex ended with third consecutive weekly gain by a solid 565.68 points to conclude at 34,192.65, while the broader Nifty reclaimed to close above the key 10,400-level at 10,480.60.

However, at 10.35 am, the BSE Sensex was trading 34,142.63, 50.02 points or 0.15% lower, whereas the broader NSE Nifty was down 0.145 or 14.25 points to trade at 10,466.35.

Shares of Infosys, the country's second-largest IT services company, closed 3.3 percent lower after declining as much as 6 percent. Intra-day, it hovered between 10,396.35 and 10,540.15. The loss came mainly on back of IT stocks as the Nifty IT sub-index was down 1.30 per cent.

Market breadth was negative with 1,253 stocks closing higher against 1416 stocks ending lower on BSE.

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