Published: Wed, May 09, 2018
Finance | By Gustavo Carr

Sensex ends flat in volatile trade

Sensex ends flat in volatile trade

The broader NSE Nifty ended 0.02 percent higher at 10,717.8, holding above 10,700 level for a second straight session.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,349.85 points, traded at 35,263.62 points (12.45 p.m.) - up 55.48 points or 0.16 per cent - from its previous session's close of 35,208.14 points.

ICICI bank stole the show by rising almost 9 percent in the intra day trade even as the company posted 45 percent decline in consolidated net profit for March quarter. The Nifty hit a high of 10,725.65 and a low of 10,635.65 during the day. Consumer durables and pharma stocks also rose.

Meanwhile, on a net basis, Foreign Portfolio Investors (FPIs) sold shares worth Rs 635.24 crore while DIIs bought shares to the tune of Rs 1037.23 crore on Monday, a provisional data showed.

The major gainers on the BSE were ICICI Bank, State Bank of India, Axis Bank, Power Grid and Bharti Airtel while Mahindra and Mahindra, Larsen and Toubro, IndusInd Bank, Infosys and Yes Bank were the major losers.

More news: Moyes reveals Hammers attacker in squad, duo unavailable

ICICI Bank (+7%), HPCL (+3.5%), BPCL (+2.3%), SBI (+1.9%) and Eicher (+1.5%) were the top gainers on Nifty50.

Overseas, Asian markets were trading higher following firm leads from Wall Street overnight.

In Europe, Paris CAC declined 0.42 percent, while Frankfurt's DAX traded lower by 0.44 per cent in early deals.

Oil prices retreated from three-and-a-half-year highs as investors waited on an announcement by President Donald Trump on whether the U.S. will reimpose sanctions on Iran.

Like this: