Sensex ends up 181 pts; Nifty above 8500 mark; Rupee closes flat
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Coal India was trading down by 4.45 points or 1.39% at Rs. 316.05 led by buyback approval in its board meeting held on Tuesday. The board of directors have approved buy back of not exceeding 10,89,55,223 equity shares of Coal India. The shares of the company opened at Rs. 322 slightly above its previous closing of Rs. 320.50.
At 1.05 pm, Sensex was trading at 27,737.78 above 111.09 points or 0.40%; while Nifty surged by 32 points or 0.38% clocking 8,500 mark.
Bank Nifty surges over 122 points at 18,513.65 mainly tapped by private banks performance. Despite sluggish movement from Kotak Mahindra bank and HDFC Bank, the volatility among private banks remained higher. PSU banks too surged on Bank Nifty, but trading at marginal point. ICICI Bank was among gainers on index.
European markets are mixed today. The FTSE 100 is up 0.17% while the DAX gains 0.17%. The CAC 40 is even.
ICICI Bank is the top pick on BSE exchange ahead of first quarter earnings. The stock of the company was trading at Rs. 256.20 up by 6.35 points or 2.62%. Total traded quantity was around 9.92 lakh shares with turnover at Rs. 25.24 crore.
Commodity round up
Quess Corp got listed today at Rs. 499, a premium of 57% from the issue price of Rs. 317. However, currently it is trading marginally down at Rs. 496.20. It did recahed above Rs. 500 in the early openings.
Strong global cues drive Indian markets
NSE was trading at 8,490.95 up by 23 points or 0.27%. The index have crossed its 8,500 mark in the early opening of the trading session. It is overall positive with 35 advances, 15 declines and 1 remaining unchanged. Axis Bank was top gainer on the index by trading at Rs. 551.95 up 1.39%.
BSE trades above 111 points or 0.40% at 27,737.69. The index opened at 27,667.81 higher from its previous closing of 27,626.69. It was positive with 24 advances and 6 declines. Tata Steel was top pick on BSE by trading at Rs. 331.55 up 1.31%.
The rupee was trading below 0.021 paise or 0.03% at 67.136. The local currency opened at 67.157.
Asian markets are higher as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 2.65% while the Hang Seng is up 0.58%.