Sensex Ends 95 Points Higher; TCS Gains Ahead Of Q4 Earnings

20 April, 2018, 01:28 | Author: Sheri Evans
  • Sensex today ITC Bharti Airtel top gainers Sensex gains 70 points

Sensex opened 100 points higher than the yesterday's closing of 34,331.68 and was trading at 34,411.66 at 11:18 am.

The NSE Nifty50 edged higher by 20.35 points or 0.19 per cent to close at 10,548.70 points, while the Sensex settled at 34,395.06 points - up 89.63 points or 0.26 per cent.

Positive Asian cues and the rally in metals & FMCG stocks boosted sentiment, but the sharp correction in oil retailers capped upside. The BSE Sensex rose 95.61 points or 0.28 per cent to end at 34,427.29 while the Nifty50 index added 39.10 points or 0.37 per cent to end above the 10550 mark at 10.565.30. JSW Steel, Tata Steel, Sail also gained between 3-4 per cent.

National Football League schedule will be released on Thursday, April 19
The NFL announced on Tuesday night that it will be releasing the 2018 regular-season schedules for all 32 teams at 8 p.m. The Titans announced Thursday on Twitter that the two teams will face off at Wembley Stadium on October 21.

Market breadth was negative with 1,245 advances against 1,170 declines.

As much as 60 per cent stocks in the Nifty index closed in green with Hindalco climbing almost 9 per cent, followed by Vedanta (up 6.65 per cent), Tata Steel (up 3.29 per cent), YES Bank (up 2.89 per cent) and Bharti Airtel (up 2.64 per cent). The shares of Axis Bank slumped 2.60 per cent while that of M&M, IndusInd Bank and Hero Motocorp dropped 1.55 per cent, 1.23 per cent and 0.97 per cent respectively. Shares of Hindalco soared over 9 per cent while shares of Vedanta Ltd, the Indian unit of diversified miner Vedanta Resources Plc, rose 6 per cent. Tata Steel shares gained over 3 per cent.

The Nifty IT index closed up a percent on depreciation in the rupee and ahead of TCS earnings later in the day.

Armenian Police Trying to Disperse Protesters in Yerevan
This is the fifth day of protests against what opposition groups are dubbing a "power grab" by the former leader. The demonstrators carried Armenian national flags, burnt flares and chanted anti-government slogans.

Rise in oil prices spurred energy and commodity related stocks, as markets consolidate ahead of important earnings calendar.

The Dow ended down 0.16 percent, while the S&P 500 gained 0.08 per cent and the Nasdaq 0.19 per cent.

The Indian rupee weakened for a fourth consecutive session to hit a fresh seven-month low against the United States dollar after worldwide crude oil prices surged.

Goldman Sachs Says Emerging Markets Now Look Like Rich Countries
A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. Wunderlich maintained it with "Hold" rating and $60 target in Wednesday, July 20 report. (NYSE:GS) rating.

Meanwhile, foreign institutional investors sold scrips worth Rs 915.71 crore, while the domestic institutional investors bought stocks worth Rs 869.70 crore, provisional data with the exchanges showed.

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