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Sensex surges 322 pts, Nifty near 10,900; 5PCL gain

Share Source By

Dion Global

28 Dec 2018

Indian benchmarks continued to trade in green during the late morning deals on the back of continued foreign fund inflow and appreciating rupee. The US dollar fell against major global currencies as investors turned their focus to safe-haven currencies amid renewed worries over US-China trade tensions and global economic growth. Overnight losses in crude oil also supported early gains in the rupee. Meanwhile, the rupee rose by 35 paise to 70.00 against the US currency in morning trade aided by foreign fund inflows amid a weak dollar globally and sharp fall in crude oil prices. Domestic stock markets traded with gains of up to 1 per cent which also supported the local currency. Whereas, Crude oil declined by 4.24 per cent to USD 52.16 per barrel Thursday after reports of an increase in US inventories.

Among individual shares, the shares of 5paisa Capital is locked in the upper circuit of 10% at Rs 223 on Friday, surging 17% in past two trading days, after Nirmal Jain, the promoter of the company hiked his stake through an open market purchase. Also, the shares of Kansai Nerolac advanced over 1 per cent in Friday’s trade after the company entered into a share purchase agreement (SPA) to acquire 100 per cent equity stake in Perma Construction Aids for a total consideration of Rs 29.10 crore. Following the announcement, the stock rose 1.33 per cent. Whereas, the shares of Future Retail, the flagship company of Future Group, have slipped 6 per cent to Rs 484 per share, extending their decline in the past two days in an otherwise firm market.

At 11:23 AM BSE SENSEX was trading at 36129.63 up by 322.35 points or by 0.9 per cent and then NSE Nifty was at 10878.7 up by 98.9 points or by 0.92 per cent. The BSE Sensex touched intraday high of 36170.57 and intraday low of 35911.99 The NSE Nifty touched intraday high of 10887.5 and intraday low of 10817.15

BSE Sensex top gainers were Sun Pharmaceutical Industries Ltd. (Rs. 424.15,+2.87%), YES Bank Ltd. (Rs. 182.60,+2.27%), Housing Development Finance Corporation Ltd. (Rs. 1981.80,+1.81%), Tata Motors Ltd. (Rs. 171.80,+1.78%), Tata Motors Ltd. (Rs. 92.75,+1.76%). Coal India Ltd. (Rs. 242.50,-2.86%), Asian Paints Ltd. (Rs. 1367.00,0.00%), were among the top losers of the BSE Sensex.

In BSE, CDS index was at 20380.41 up by 260.23 points or by 1.29%. PC Jeweller Ltd. (Rs. 87.60,+3.06%), Titan Company Ltd. (Rs. 908.20,+2.26%), Symphony Ltd. (Rs. 1112.60,+1.91%), Whirlpool of India Ltd. (Rs. 1351.00,+1.84%), VIP Industries Ltd. (Rs. 511.00,+0.85%). Whereas, IT index was at 14095.73 down by 52.44 points or by 0.37%. MIC Electronics Ltd. (Rs. 1.54,-4.94%), Intense Technologies Ltd. (Rs. 39.55,-4.24%), Rolta India Ltd. (Rs. 8.46,-2.31%), Matrimony.com Ltd. (Rs. 482.90,-1.10%), Sasken Technologies Ltd. (Rs. 672.55,-1.04%). The BSETECk index was at 7081 down by 34.51 points or by 0.49%. Bharti Infratel Ltd. (Rs. 266.30,-0.24%), Oracle Financial Services Software Ltd. (Rs. 3667.00,-0.06%) also.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2361 , shares advanced were 1527 while 710 shares declined and 124 were unchanged.