Indian market continued with volatility and maximum buying over CAPITAL GOODS, BANKING and ENERGY STOCKS, while METALS, AUTO and PHARMACEUTICALS STOCKS FACE selling pressure. SENSEX closed at 17694, up 120 points and Nifty at 5304, up 34 points from the previous close. CNX MIDCAP index was up 0.12% and BSE SMALLCAP index was up 0.52%. The market breadth was negative with advances at 575 against declines of 694 on the NSE. Top gainers included JPASSOCIATE, ICICIBANK, L&T, M&M and DLF.
Indian stock markets on Friday closed the week with small gains while lesser valued stocks outshone the larger stocks.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at 17,694.2 after gaining 103.02 points.
In contrast, the broad based Nifty also recorded gains to close the week at 5,304.1, up 41.5 points.
Mid-size and small stocks also remained up with the BSE midcap index ending after adding 1.55% and the smallcap index remained up by 2.03%.
GAIL (India) Ltd., India's largest gas transmission and marketing company, was set up by the Government of India in August 1984 to create gas sector infrastructure for sustained development of the natural gas sector in the country. Company started 2800-km Hazira-Vijaipur-Jagdishpur (HVJ) pipeline in 1991. During 1991-93, three LPG plants were constructed and some regional pipelines acquired. GAIL began its city gas distribution in Delhi in 1997 by setting up nine CNG stations, catering to the city's vast public transport fleet. In 1999, GAIL set up northern India's only petrochemical plant at Pata.
Indian market traded in an extremely volatile session, after a good rally indices encountered profit booking, as a result, shed most of the gains. SENSEX closed at 17573, up 101 points and Nifty at 5269, up 24 points from the previous close. CNX MIDCAP index was down 0.06% and BSE SMALLCAP index was up 0.07%. The market breadth was negative with advances at 605 against declines of 633 on the NSE. Top gainers included TATAMOTORS, RELIANCE, HUL, HDFC, SBIN and SAIL. Top losers are listed as SUNPHARMA, BHARTIARTL, ACC, IDEA, AXISBANK and UNITECH.
A benchmark index for Indian equities was ruling 106 points up as against its last closure, minutes into trade.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which belled the day at 17,533.88 points, gained 106.06 points to trade at 17,680.05 as compared to its previous close at 17,573.99.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty stood at 5,297.3, up 0.53% as against its last closure at 5,269.35.
Broader stock market indices were, however, a little subdued at this time
A benchmark index for Indian equities belled the day on a negative note and was ruling 26 points down as against its previous closure, minutes into trade.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which belled at 17,476.48 points, was trading at 17,446.47 points, 26.09 points lower than its previous closure at 17,472.56 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading at 5,2342 after losing 0.2% from its last closure at 5,244.9 points.
Broader market indices remained flat at this time.
Stock market analyst Mitesh Thacker is of the view that investors can buy TVS Motors stock to achieve an intraday target between Rs 96-99.
According to him, investors can purchase the stock with a strict stop loss of Rs 83.50.
The stock of the company, on April 20, closed at Rs 86.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 89.10 and a low of Rs 24.20 on BSE.
Current EPS & P/E ratio stood at 3.56 and 24.78 respectively.
