INSUBCONTINENT EXCLUSIVE:
Stock Market on Thursday: Twenty-five out of 50 Nifty stocks were in the green.The domestic equity benchmarks swung between gains and losses
after opening at fresh highs on Thursday
The SP BSE Sensex started the session at 38,416.65 and the Nifty50 at 11,620.70
But the session soon turned volatile
At 11:54 am, the the Sensex traded at 38,329.16, up 43.41 points or 0.11 per cent and the Nifty50 at 11,575.20, with a gain of 4.30 points
Twenty-five out of 50 Nifty stocks were in the green
Larsen Toubro, PowerGrid Corporation, NTPC, Hindustan Unilever, and Tata Consultancy Services were the top Sensex gainers.The Nifty Pharma
index gained 1.43 per cent as none out of 10 stocks advanced in trade.The momentum is clearly towards northern trajectory and the trend
continues to remain positive, said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital."IT and pharma stocks can observe a bull rally
Structural strength is still intact and the benchmark index will continue its northern journey," he said.LT surged after the board approved
buyback of 6 crore equity shares of Rs 1,500 each, worth a total of Rs 9,000 crore.Reliance Communications Ltd was up 2.25 per cent after it
said that it completed the sale of its media convergence nodes (MCNs) and related infrastructure assets worth Rs
2,000 crore ($285.4 million) to Reliance Jio Infocomm.Asian shares slipped as a deadline loomed for fresh US tariffs on China and amid
speculation US President Donald Trump's political position could be threatened by the legal woes of two former advisers.US and Chinese
officials met for the first time in over two months to find a way out of their deepening trade conflict, but there was no evidence the
low-level discussions would halt a new round of US tariffs due Thursday.MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1
Hong Kong's Hang Seng index fell 0.5 per cent while South Korea's Kospi eased 0.1 per cent.Japan's Nikkei added 0.2 per cent while Chinese
shares were a bit firmer too.While on Wednesday, stock markets were shut on account of Bakrid, on Tuesday, Nifty and Sensex ended at fresh
closing highs of 11,570.90 and 38,285.75 respectively.On Tuesday, foreign portfolio investors and domestic institutional investors bought
net equities of Rs 254.25 crore and Rs 197.87 crore respectively, provisional data from the National Stock Exchange (NSE) showed
