BSE Sensex closes 87.74 points up at 27,661.40 in a choppy trade; Nifty ends below 8,400
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BSE Sensex and NSE Nifty rocked in volatility ahead of Industrial Production data (IIP). The benchmark BSE Sensex gained.
87.74 points up to end at 27,661.40 after a choppy trade. NSE Nifty gained 32.00 points to close at 8,360.55.
The benchmark BSE Sensex trimmed initial gains and fell by 9 points in late morning trade, dragged down by FMCG sectors, while fresh selling was seen in IT, consumer durables, teck and refineries sectors.
Indian equity benchmarks continued to trade choppy in noon deals with frontline gauges trading tad below their neutral lines as investors remained on sidelines ahead of the Industrial Production data (IIP) to be released later in the day.
At 1:06 pm, BSE Sensex gained 80.19 points at 27,653.85. NSE Nifty too gained 17.35 points at 8,345.90
At 1:06 pm, BSE Sensex dropped 24.39 points at 27,598.05. NSE Nifty too dropped 11.70points at 8,340.25
At 9:15 am, BSE Sensex gained 140.07 points at 27,713.73. NSE Nifty too gained 46.25 points at 8,374.80.
Traders are also eying consumer price inflation (CPI) data which is expected to nudge up slightly in June.
However, losses remained capped as some support came after International Monetary Fund (IMF) in its World Economic Outlook Update has said that India will be the world’s fastest growing economy for the second consecutive year in 2016 at 7.5 per cent.
However, buying interest after a fall in previous three sessions was seen in banks, pharma and metal sectors support the index initially.
The gauge lost 635.10 points in the previous three days.
Major losers were, HUL (2.91 pc), Bharti Airtel (2.22 pc), NTPC (1.64 pc), TCS (1.39 pc), GAIL (1.37 pc), Bajaj Auto (1.17 pc), ONCG (1.15 pc) and Lupin (1.06 pc).
Vedanta rose by 2.16 per cent, followed by coal India 1.50 per cent, Tata Motors 1.24 per cent, Sun Pharma 1.15 per cent and ICICI Bank 0.87 per cent.
Meanwhile, foreign investors sold shares worth Rs 254.10 crore yesterday, as per provisional data.
Asian stocks edged higher as Chinese equities rebounded for the second day as Greece submitted a bailout plan, easing concern that the two countries’ crises could infect global markets.
Key benchmark indices in China, Singapore, Hong Kong, Japan, Indonesia and South Korea rose by 0.10 per cent to 5.16 per cent.
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