Sensex Rises 95 Points; Nifty Ends Above 10550

BSE’s 30-share Sensex closed 0.26% or 89.62 points higher at 34,395.06 points while National Stock Exchange’s 50-share Nifty climbed 0.19% or 20.35 points higher to close at 10,548.70 points

Sensex Rises 95 Points; Nifty Ends Above 10550

It opened at 34,434.14 points, closed at 34,415.58 points - down 11.71 points or 0.03 per cent - from its previous session's close.

Around 1 p.m., the wider Nifty50 on the National Stock Exchange (NSE) traded higher by 24.85 points or 0.24 per cent at 10,573.55 points.

Here is a wrapup of 10 stories from the day's proceedings.

Buying was also seen in other IT stocks, with Infosys trading higher by 3.49 per cent and Wipro 1.92 per cent on BSE.

Indiabulls Housing Finance Q4 net up 22% Indiabulls Housing Finance on Friday reported a 22.5 per cent rise in consolidated net profit at Rs 1,030.37 crore for the March quarter against Rs 840.54 crore in the year-ago period. Both the key indices ended higher for the fourth straight week.

Meanwhile, on a net basis, DIIs bought shares worth Rs 869.70 crore, while foreign funds sold shares to the tune of Rs 915.71 crore on, provisional data showed. The Sensex rose by 222.93 points, or 0.65 per cent while the NSE Nifty gained 83.45 points, or 0.80 per cent, during the period.

Besides, the release of the minutes of last Monetary Policy Committee (MPC) meeting on April 4-5, indicating the Reserve Bank of India may shift to a hawkish monetary stance in June, weighed on investor sentiment.

The bulls lost momentum on Dalal Street in Friday's session amid simmering oil prices and weak global cues.

The 30-share index lost 79.95 points (-0.23 percent) at 34,347.34 with metal, power, banking, realty, FMCG and PSU stocks leading to the fall.

Major laggards were Asian paints, Tata Steel, SBI, ITC, Sun Pharma, HDFC, Axis Bank, IndusInd Bank, Yes Bank, Bajaj Auto, Power Grid, Hero MotoCorp, RIL and M&M falling up to 1.39 percent.

In the intra-day trade, the Sensex touched a high of 34,487.33 points and a low of 34,311.29 points with a bearish breadth of 1,478 declines and 1,148 advances. Frankfurt's DAX was down 0.10 per cent and Paris CAC edged lower by 0.01 per cent. London's FTSE, however, was up 0.40 per cent.

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