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Sensex extends gains, up 86 pts on bargain hunting

21 April 2017
Sensex extends gains, up 86 pts on bargain hunting

At 10.15 a.m., the 30-share BSE index Sensex was up 27.57 points or 0.09 per cent at 29,364.14 and the 50-share NSE index Nifty was up 6.4 points or 0.07 per cent at 9,109.90.

The BSE Information Technology index fared worse than the broader market, declining 0.3% to its lowest levels since February.

A higher opening saw the Sensex move between 29,490.26 and 29.363.28, before hitting 29,429.24 at 1132 hours, a slight fall of 32.21 points, or 0.11 per cent.

"IT stocks' recovery, amid rupee giving away some of its gains, lent market support, while European markets' rally ahead of French presidential elections also boosted sentiments".

Foreign investors net sold shares worth Rs 930.67 crore while domestic institutional investors bought shares worth 878.08 crore on Tuesday, provisional data showed.

The Sensex was up by 17.47 points or 0.06 per cent at the Wednesday's closing.

Globally, Asian markets ended mixed.

Shares of private lender Yes Bank, however, plunged 6.50 per cent to Rs 1,501 after the asset quality of the bank slipped in the results declared yesterday. The gainers recorded by Nifty, on the other hand, include Ambuja Cements, Adani Ports, India Bulls Housing Finance and Grasim Industries that each gained by 1.42, 1.20, 1.12 and 1.08 percentage points.

Mumbai: The 30-scrip Sensitive Index (Sensex) on Tuesday opened on a higher note during the morning session of the trade. Hong Kong's Hang Seng rose 0.97 percent, while Shanghai Composite Index inched up 0.04 percent.

Among BSE sectoral indices, Realty index registered the biggest gain with a jump of 2.1 per cent. Consumer Durables (up 1.2 per cent), IT (up 1 per cent) and Auto (up 0.7 per cent) were other notable gainers.

As many as 1,813 shares advanced while 1,054 declined and 174 shares remained unchanged.

However, ICICI Bank fell 2.90 per cent, Axis Bank 2.26 per cent, Sun Pharma 1.28 per cent, Power Grid 1.21 per cent, NTPC 0.97 per cent, Coal India 0.78 per cent and ONGC 0.22 per cent.

Total income (standalone) of the bank grew 29.4 percent to Rs 5,606.38 crore compared to Rs 4,331.11 crore in the corresponding period a year ago, the bank said in a regulatory filing.