ibusinesslines.com July 16, 2018

Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

12 October 2017, 03:29 | Justin Tyler

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened higher at 31,975.59 points, closed at 31,833.99 points - down 90.42 points, or 0.28 per cent, from its previous close. United States stocks reacted mutedly to the minutes of the most recent Federal Reserve policy meeting, according to a Reuters report.

The BSE market breadth was bearish - 1,840 declines and 918 advances.

Intra-day, it scaled a high and a low of 10,104.45 and 9,977.10, respectively.

"Market regained from yesterday's loss and stayed close to 10,100 mark ahead of economic data - inflation and IIP later today". Notably, the shares of TCS gained as the Indian IT bellwether is scheduled to announce its much awaited quarterly earnings today. Asian stock markets were mostly higher taking cues from signs of confidence in the US.

The BSE energy index was the biggest mover, rising 1.95 per cent followed by telecom, realty and FMCG. Metal and pharma stocks led the rally with Nifty Metal and Nifty Pharma sub-indices gaining 2 per cent and 1.5 per cent respectively. On the other hand, banking index was down 0.31 per cent and consumer durables 0.02 per cent. Coal India, Hindustan Petroleum, and Kotak Mahindra bank lost more than 0.6% each in the opening trade on Thursday morning.

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