Sensex, Nifty open with tepid gains; Infosys bounces back over 1%

Sensex, Nifty open with tepid gains; Infosys bounces back over 1%
Sensex, Nifty open with tepid gains; Infosys bounces back over 1%
Author

12 April, 2017

Nifty mid-cap and small-cap indices achieved fresh all-time highs by gaining 1.30 per cent and 0.99 per cent, respectively.

Indian shares rose sharply on Tuesday to snap a three-session losing streak as investors awaited the start of the earnings season. It witnessed an intra-day movement of 69.85 points.

In the Asian region, Hong Kong's Hang Seng was down 0.76 per cent and Japan's Nikkei fell 0.48 per cent while Shanghai Composite shed 0.36 per cent in early trade on Tuesday.

"Gains were led by index heavyweights ITC, ICICI Bank, Infosys and L&T".

"Rupee reversing some of its losses and approaching Infosys Q4 results propped up IT stocks".

Samsung Launches Galaxy C7 Pro For Rs 27990
In terms of optics, the smartphone features a 16-megapixel sensor on both the front and back with f/1.9 aperture. Internally, it is powered by a 1.5 GHz quad-core Spreadtrum processor along with which we also get 2GB of RAM.


North Korea fired medium-range ballistic missile
USA ally South Korea has lashed out at the communist nation over the launch on Wednesday into the sea off the Korean Peninsula. Pacific Command said in a statement around the same time that initial assessments showed the missile was a mid-ranged KN-15.


Governor Brown lifts drought emergency, retains prohibition on wasteful practices
Urban Californians responded to the drought with a almost 25 percent average reduction in water use across the state. It also dried up wells, forcing hundreds of families in rural areas to drink bottled water and bathe from buckets.


Market breadth remained highly positive with 1035 advances and 631 declines on NSE reflecting positive bias. FMCG, Realty and and all other Banking and Financial sectors followed with 1% or more.

The rupee recovered some of the lost ground after taking a battering overnight, advancing 6 paise to 64.50 against the United States dollar amid mild selling of the American currency by exporters. "Banks continue to look forward to NPA resolution measures shortly, and the strength was visible today", James said.

Meanwhile, the foreign funds sold net Rs 716.19 crores yesterday, as per the provisional figure issued by stock exchanges.

Among the prominent gainers, SBI, Larsen & Toubro, ICICI Bank, Power Grid Corp and ITC rallied 2-3 percent.


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