Sensex, Nifty extend gains, Bharti Airtel, Tata Motors shares gain

Sensex, Nifty extend gains, Bharti Airtel, Tata Motors:

Sensex & Nifty opened on a higher note for the second straight day on Friday. The BSE Sensex was up 249.49 points at 33,198.70. 

The NSE Nifty 50 index was up 83.30 points at 10,250 in later morning hours. Shares of Tata Motors rose 1.7%, Vedanta up 1.6%), Marut Suzuki up 1.4%, IndusInd Bank rose 1.36% and United Phosphorus Ltd gained 1.3% becoming the top gainers on Nifty50, whereas Infratel, Eicher Motors, Asian Paints, NTPC and Ambuja Cement were the top losers in today’s trade. 

Shares of Jet Airways declined about 4% after the company posted a 91 percent fall in its July-September net profit to Rs.50.00 crore.

Investment Stock Advisory

Indian Stocks markets closed on account of Labour Day- 01 May

On account of Labour Day and Maharashtra Day, Indian markets – Forex, Equity and Commodity – will remain closed today, 1 May 2017. 

The last closing Friday, the benchmark indices settled on lower note, closing Sensex at 29918 down 111 pts, while the NSE Nifty closed at 9304, down 38 pts, since investors booked profits in ITC and HDFC, and posted their robust weekly gain in 6 weeks. The BSE Mid-cap and Small-cap indices outperformed to gain 0.2 percent and 0.6 percent, respectively.  The domestic currency closed at 64.25 compared to its 64.16 close on Thursday, 27 April 2017. The benchmark ten -year bond yield rose two bps to 6.96%. 

Many markets, mostly in Asia and Europe are also closed on account of Labour Day.