Nifty and Sensex settle in green

India Infoline News Service | Mumbai | November 29, 2016 15:41 IST

The BSE Sensex ended with a gain of 44 points at 26394.01 while the NSE Nifty closed 15 points higher at 8142.15 points.

Dalal Street
The market held its ground today and closed on a positive note. There were hopes that Nifty would cross 8200, however, this mark was missed and it ended below 8150. Sensex although remained steady but lost momentum towards the end of the day. 

Fitch cuts India's FY17 real GDP growth forecast to 6.9% from 7.4%, medium-term effect of demonetisation unlikely to be large on GDP growth. The Fitch report also added that the RBI policy rate has been slashed by 150bps since the beginning of 2015 which is likely to spur higher GDP growth.

The BSE Sensex ended with a gain of 44 points at 26394.01. The benchmark indices opened at 26408.62, touched an intra-day high of 26587.07 and low of 26354.66.

The NSE Nifty closed 15 points higher at 8142.15 points. It opened at 8,131.55 points, hitting a high of 8,197.35 and low of 8,128.70.

The India VIX (Volatility) index was down 1.92% at 17.7075. The BSE Midcap closed at 12366.86 and Smallcap indices closed at 12173.66, both indices ending marginally up. Out of 1182 stocks traded on the NSE, 580 declined and 1034 advanced today.

A total of 25 stocks registered a fresh 52-week high in trade today, whereas 15 stocks touched a new 52-week low on the NSE.

At the close of day, Eicher Motors, Idea Cellular, Bosch, Maruti, GAIL, M&M, Asian Paint were the top gainers while Hindalco, Axis Bank, Sun Pharma, BPCL, ITC, TCS, Bank of Baroda were among the losers on NSE.

The rupee was trading at 68.65 per US dollar. Gold was trading at Rs 28670 per 10 gms and silver was trading at Rs 40540 per kg.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index closed higher 0.19% and Hong Kong’s Hang Seng index slipped 0.41% while Nikkei 225 also slipped 0.27%.

In Europe, the FTSE 100 was down 0.45%. CAC 40 and DAX were trading in green while, the US Nasdaq was also down 0.56%.
 

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