Sensex ends 191 points higher; Nifty settles at 10739

May 04, 2018, 00:42
Sensex ends 191 points higher; Nifty settles at 10739

Indian shares opened flat to slightly lower on Thursday, mirroring mixed cues from global markets after the U.S. Federal Reserve left interest rates unchanged but signaled that an interest rate hike is likely in June, saying the economy is improving and inflation has returned to normal.

The Nifty50 closed at 10,739.35 points - up 47.05 points or 0.44 per cent - from the previous close, while the Sensex, closed at 35,160.36 points - up 190.66 points or 0.55 per cent - from its previous session's close.

The Sensex touched a high of 35,257.31 points and a low of 35,020.08 during the intra-day trade.

Q4 was a tad weaker than expected, and the revenue growth guidance doesn't reflect any acceleration in growth for the company, analysts at HSBC said, downgrading the stock to "hold" with a price target of Rs 1,050. There was hectic selling in the mid- and small-cap segment.

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Prime Minister Narendra Modi offered condolences and said officials are coordinating with governments to assist those affected. Officials told IANS that the death toll could go up as full information on the extent of the tragedy was still pouring in.

"Markets corrected on Thursday as the Nifty ended in the red for the second consecutive day".

European markets were under pressure, with the France's CAC and Germany's DAX falling 0.3 percent each at the time of writing this article.

Benchmark indices closed lower following global weakness amid US-China trade talks.

"Back home, results and upcoming state election will give near term direction".

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The trip would be Trump's fourth consecutive address to the NRA's annual meeting. He was not one of the politicians rated on the NRA's most-recent grades in 2010.

Meanwhile, on a net basis, Domestic Institutional Investors (DIIs) bought shares worth Rs 165.84 crore while Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 525.93 crore on Wednesday, a provisional data showed. All but two of the 19 sector sub-indexes compiled by BSE fell, led by an index of metal stocks.

On the other hand, the S&P BSE capital goods index slumped 312.11 points, the IT stocks fell by 217.33 points and the FMCG index by 128.60 points.

Infratel (+3.5%), Hindalco (+2.3%), ICICI Bank (+1.9%), Sun Pharma (+1.8%) and Axis Bank (+1.5%) were the top gainers on Nifty50.

The broader Nifty, however, closed lower by over 21 points as losses in Tata Steel, HUL and SBI stocks offset gains in Kotak Mahindra Bank, ITC, HDFC and Reliance Industries.

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The suspect believed to have shot and killed Cpl. "Gene Cole, and he was brought to justice using Cole's handcuffs". The community of 3,500 had been nervous since scores of police officers poured into the region during the manhunt.