Sensex trips 97 points, Nifty below 9100 on global weakness

Sensex trips 97 points, Nifty below 9100 on global weakness

Sensex trips 97 points, Nifty below 9100 on global weakness

Short-covering by participants with today being the last trading session of March series contracts in the derivatives segment supported the Sensex march, brokers said.

The Indian market closed positive on Wednesday with BSE Sensex up 121.91 points at 29531.43 and NSE Nifty up 43.00 points at 9143.80. BSE Midcap and BSE Smallcap indices jumped 0.8 per cent and 0.7 per cent respectively.

Sector-wise, realty gained the most by rising 2.17 per cent, followed by consumer durables (1.38 per cent), bank (0.82 per cent), capital goods (0.55 per cent) and power (0.37 per cent).

The wider 51-scrip Nifty of the National Stock Exchange (NSE) closed flat - unchanged at 9,173.75 points from the previous day's close.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,633.91 points, traded at 29,586.03 points (at 1.00 p.m.) - down 61.39 points or 0.21 per cent from the previous close at 29,647.42 points.

Reliance Industries was the top Nifty gainer, the stock closed 3.95 per cent higher at Rs 1,321.

Top losers on Friday included Axis Bank, ICICI Bnk, HDFC Bank, HDFC, HUL, Bharti Infratel and Grasim.

In the forex market, the rupee opened at 64.92 against the US dollar, its previous close. The Nifty has however advanced 3.1% this month after hitting a record high of 9,218.40 on 17 March, spurred by Prime Minister Narendra Modi's win in the key state of Uttar Pradesh and net foreign inflows of $4.67 billion into equity markets as of 30 March.

Hong Kong's Hang Seng was up by 0.50 percent while Japan's Nikkei rose 1.07 percent in early trade today. Shanghai Composite, however, shed 0.23%.

Auto stocks fell after the Supreme Court reportedly banned sale of existing stocks of Bharat Stage III vehicles from 1 April 2017.

The S&P 500 Index gained 0.11 percent to end at 2,361.13 as gains in energy stocks countered declines in financials.

USA stocks closed higher yesterday boosted by higher oil prices and sold economic data. The total turnover rose to Rs 4,953.97 crore from Rs 4,606.56 crore yesterday.

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