INSUBCONTINENT EXCLUSIVE:
A day after taking breather, Indian stock market ended in the green on buying in financials, engineering, metals and IT counters.
The BSE
Sensex ended higher by 95.61 points, or 0.28 per cent to 34,427.29
Likewise, the NSE Nifty index gained 39.10 points, or 0.37 per cent to 10,565.30.
As much as 60 per cent stocks in the Nifty index closed in
green with Hindalco climbing nearly 9 per cent, followed by Vedanta (up 6.65 per cent), Tata Steel (up 3.29 per cent), YES Bank (up 2.89 per
cent) and Bharti Airtel (up 2.64 per cent).
Rising crude oil prices continued to hurt oil marketing companies including BPCL, HPCL and IOC,
which slipped up to 7 per cent
Brent and WTI, which are now sitting at levels not seen since the end of 2014, edged up further in the international market
Brent crude oil was trading nearly $74 per barrel.
Titan and HDFC also slipped 2.57 per cent and 0.89 per cent, respectively, on
stance on cut in inflation to 4.7-5.1 per cent in H1FY19 due to sharp moderation in food prices and expectation of normal monsoon
Policy was in consonance with the neutral stance and limited the chances of rate hike in the near term due to favourable domestic triggers
and consequent decline in yield
On the other hand, volatility in oil price and rising interest rate globally may influence central bank to remain status quo."
Sectorwise,
the BSE Metal, Capital Goods and IT index gained 4.46 per cent, 1.06 per cent and 0.92 per cent, respectively, whereas selling was visible
in The BSE Oil Gas as well as Consumer Durables.
Rising copper prices in the global commodity markets cheered metal and mining stocks back
home.
Among stock specific, shares of IndusInd Bank closed 0.57 per cent down post financial results for the quarter ended March 2018
According to HDFC Securities, asset quality of the lender disappointed while earnings remained in line with expectations.
Tata Consultancy
closed 1 per cent higher at Rs 3190.65 ahead of financial results for Q4FY18.
Elsewhere in Asia, shares in Hong Kong, Shanghai and Japan
closed in green as fears over Syria and a possible China-US trade war eased.
The Hang Seng index closed 1.40 per cent up at 30,708.44,
whereas Nikkei 225 settled 0.15 per cent up at 22,191.18
Shanghai Composite index ended 0.84 per cent up at 3,117.38.
