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Sensex, Nifty Surge On Positive Global signals


After 4 days of regular falls, market benchmark indices on Wednesday advanced in trade, led by strong global signals. At 10.20-am, the Sensex gained at 41120, up by 226-pts, while the Nifty stood at 12061, up by 69 points.

Bharti Infratel rose over 6-percent and was among top Nifty gainers, followed by Coal India, Nestle India and NTPC, up by over two percent.

On the downside, Tata Motors, Maruti Suzuki, Yes Bank, IndusInd Bank were among the top losers in the index.

Shares of Yes Bank continue its downtrend since two days. The shares slipped for a second day by Rs. 34.40, down by 1.85 percent.

Among sectoral stocks, barring the Nifty Auto, which slipped 0.96 percent, all the other sectoral indices witness buying pressure with major gains in Nifty Pharma, Metal and Media.

Among stocks, Kotak Mahindra Bank advanced 1.40 percent after obtaining final approval from RBI on founders’ stake dilution.

Shares of Oil India traded higher by 0.27 percent to Rs.132.10-per share on the NSE, as it will discontinue trading in Futures and Options (F&O) segment effective from 4th May 2020. Catch the latest stock Future Option trading updates and all-time free stock tips from here.