Indian markets recover; Sensex ends above 143 pts; Nifty 48 pts up
Indian markets re-gained its its volatility after trading sluggish for two trading session. Sensex, Nifty both were trading flat in the first half of tradings, however that changed in the second half after WPI data was announced. Sensex closed at 127 points or 1.16% at 27,942.11; while Nifty at 8,565 up by 45.50 points or 0.53%.
Bank Nifty was trading positive after slumping for two previous trading session. The index was above 41.65 points or 0.22% at 18,660.60. Almost all banks were in green except Axis Bank and ICICI Bank. Canara Bank was in lead by surging 3.25% at Rs. 248.10, followed by Bank of India at Rs. 115.15 up 2.72%, Punjab National Bank rose 1.72% at Rs. 127.20 and Bank of Baroda above 1.28% at Rs. 1,114.15. Apart from it IndusInd Bank, Federal Bank,Kotak Mahindra Bank, State Bank of India and Yes Bank were trading in the range of 0.20%-0.90%. However, HDFC Bank remained unchanged at Rs. 1,197.75.
Consumer durables index surged heavily in-spite of the Indian markets flat status. All consumer durable stocks were up led by positive IIP data. TTK Prestige was the top pick by trading at Rs. 4,975 up by 4.84, followed by PC Jewellers at Rs. 382.65 surging by 3.14% and Titan jumps 2.40% at Rs. 414.05.
Stock of TCS will be keenly watched as the company announces its quarterly result today. At present, the stock is trading at Rs. 2,499.05 up by 7.65 points or 0.31%. However, it opened at Rs. 2,488.50 lower from its previous closing of Rs. 2,491.40. There has been more selling than buying from investors. Till now around 13,974 shares have been sold by investors and around 12,874 shares bought.
BSE is trading at 27,798.65 below 16 points or 0.06%; while NSE at 8,507.35 down 12 points. Investors are cautious on appointing on new RBI governor. The 30-stock index was mixed bag with 15 advances and 15 declines; and that of NSE was positive with 28 advances and 23 declines.