Final Trade: Nifty settles at 24,620; metal and IT stocks lead gains

Final Trade: Nifty settles at 24,620; metal and IT stocks lead gains

Indian equities in a highly choppy session in Wednesday’s deal closed with mild gains. At the close, the Nifty50 index ended higher by 0.32 per cent or 77.7 points at 24,620.2, while the Sensex added 260.74 points or 0.32 per cent to 80,008.25.

Meanwhile, Bank Nifty settled mildly higher led by counters HDFC Bank, IndusInd Bank, Canara Bank and IDFC First Bank among others.

The market antiicipating a likely rate cut in the upcoming policy review gained in today’s sesion.

From the Nifty50 pack, top gainers in today’s session were Eternal, Jio Financial, Bharti Airtel, IndusInd Bank and Reliance Industries, while the laggards were Bajaj Finserv, Trent, Shriram Finance, Axis Bank and Tata Consultancy Services.

Sectoral show

Sectorally, amid broad-based buying metal and oil & gas indices outperformed, while the financial services and realty with losses. 

Stocks in news:

Coforge: Coforge shares traded ex-split in Wednesday’s trade and settled flat at Rs 1,724.5 per share on the BSE.

Scoda Tubes: After a flat listing on both the bourses, the stock ended higher by nearly 5 per cent at Rs 146.95 apiece.

TCS: TCS shares after trading ex-dividend in today’s trade settled with a cut of 0.7 per cent at Rs 3,380.55 per share.

European markets 

European markets in today’s session traded with gains even as US President Donald Trump’s 50 per cent tariffs steel kicked in. French CAC as well as German DAX saw gains of up to 1 per cent.

 

 

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *