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potinsnews.com March 25, 2017


Sensex ends higher, bank stocks recover

11 February 2017, 12:41 | Chelsea Hernandez

Sensex falls 104 pts on US cues

Sensex falls 104 pts on US cues

The home currency opened at 67.37 a dollar on Wednesday morning. A weak closing in Asia tracking overnight losses in the United States owing to all these unknowns triggered selling, brokers said. The Sensex while filing this report was trading at 28377, up by 48 points; whereas the Nifty had reclaimed its 8800 mark and was trading at 8803, up by 25 points. Mid-cap index declined 38 points but Small-cap rose 18 points.

The upmove in the previous four sessions mostly came on the back of a series of market-friendly budgetary proposals and expectations that RBI would reduce the policy rate at its policy meet tomorrow.

BSE Sensex and Nifty ended on a flat note. A lower opening in Europe completed the picture. Among losers were Lupin (-1.20%), Cipla (-1.13%), Tata Motors (-0.98%), ICICI Bank (-0.75%) and ITC (-0.72%).

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Asian markets remained positive on Friday.

In terms of investments, the provisional data with exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 504.51 crore, whereas the domestic institutional investors (DIIs) divested scrip worth Rs 224.76 crore. The Dow Jones Industrial Average went up 37.87 points (0.19%) to 20,090.29, the S&P 500 rose by 0.52 points (0.02%) to 2,293.08 and the Nasdaq Composite gained 10.67 points (0.19%) to 5,674.22.

European shares were trading lower before the ECB meeting. At 04:05 pm, Britain's FTSE100 was trading 0.33 per cent higher at 7,253.60 while Germany's DAX was trading at 11,689.51, up 0.40 per cent.



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