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Closing Bell: Nifty Ends Up 83 Points Higher, Sensex 269 Points; Kotak Mahindra Bank Raise 4 %

NEWS WORLD INDIA | 0
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| March 15 , 2019 , 16:37 IST

The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90. About 1172 shares have advanced, 1452 shares declined, and 162 shares remained unchanged among the gainers, Kotak Mahindra Bank rose 4%.

Whereas IT index has outperformed the other indices with nearly 2 percent gain followed by auto, infra, metal, and pharma, while selling was seen in the FMCG space.

Power Grid Corp, TCS, ICICI Bank and SBI, on the other hand HUL shed 2 percent, followed by Yes Bank, RIL, Bharti Airtel and ITC Performed well on the Sensex.

Nifty Bank continued its upward momentum as it ended 1.6 percent higher at 29381.50.

Todays Top Gainers

KOTAKBANK      4.65

IOC                     3.21       

HINDPETRO       2.94       

POWERGRID      2.88       

WIPRO               2.67       

HCLTECH            2.51       

TCS                     2.45       

UPL                     2.25       

GAIL                   2.09       

ICICIBANK         2.04

ALSO READ: Azim Premji Commits Wipro Shares Worth Rs 52,750 Crore To Philanthropy

The share price of Bharti Airtel fell 3.3 percent after Jefferies downgraded the stock to underperform from hold rating.

Whereas Losers were,

 HINDUNILVR      -2.09   

YESBANK             -1.92   

RELIANCE            -1.33   

ITC                       -1.32    

BHARTIARTL       -1.30    

ULTRACEMCO      -1.11     

GRASIM               -0.74     

The stock is the top losers on the Sensex. Jefferies also cut its price target to Rs 270.

While Jubilant Life Sciences was trading with volumes of 493,785 shares, compared to its five day average of 75,156 shares, an increase of 557.02 percent and saw a spurt in volume by more than 3.92 times.

PNB Housing Finance was trading with volumes of 120,701 shares, compared to its five day average of 18,386 shares, an increase of 556.48 percent. The stock saw spurt in volume by more than 6.06 times.

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hendry jullius

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