Nifty closes at 9170, Sensex up 115 points, HDFC Bank contributes nearly 80% to Bank Nifty gains

NSE Nifty closed at 9173 levels, up by 29 points or 0.3%. BSE Sensex closed at 29,647 levels, up by 115 points or 0.3%. There were 1039 advances, 566 declines and 321 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
Adani Ports was the top Nifty gainer whereas, Idea was the top Nifty loser in Thursday’s trading session. Adani Ports closed higher by 6.23% at Rs 341 per share whereas Idea closed lower by 1.8% at Rs 87.3 per share.
 
Benchmark indices Nifty and Sensex witnessed sharp gains as the Lok Sabha cleared the Finance Bill which was introduced by Finance Minister Arun Jaitley.
 
Soon after NSE Nifty hit an intraday high of 9172 and the BSE Sensex hit an intraday high of 29,667 on Thursday’s trade.
 
The BSE Small Cap index surpassed it previous high of 14,239.24 and soared 0.83% to 14,315 during the day. The index has previously touched its high on January 8, 2008 on an intraday basis.
 
Whereas the BSE Mid Cap index hit its record high and was up by 0.49% at 14002 during the day.
 
BSE Mid-cap Index closed up 0.5% at 14001 whereas, BSE Small-cap Index closed up 0 1% at 14340 on Thursday.
 
Kalpataru Power Transmission extended its rally on Thursday on securing orders worth Rs 1200 crore closing at Rs 319 per share up by Rs 10 per share or 3.3%.
 
HDFC Bank contributed nearly 80% to the Bank Nifty gains. The stock closed at Rs 1460 up by Rs 31 or 2.2%. The Bank Nifty closed at 21620 level, up by 1% in Thursday's trading session.

Live Stock Market Updates – Nifty pare gains, Infosys drags BSE IT index down

     The BSE IT index in lunch hours in trading in red with Infosys dragging the index to its day’s lows. Infosys is down by 0.6%.

 
Meanwhile, Ramco Systems is up by 5.9%, Kellton Tech is up by 4%, ISFT is up by 3.3%, Accelya Kale is up by 3.2% and Subex is up by 3.1%
 
At 1 PM, the S&P BSE Sensex is trading at 29,571 up 39 points, while NSE Nifty is trading at 9151 up 7 points. A total of 61 stocks registered a fresh 52-week high in trade today, while 22 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.4% at 13986, whereas BSE Small-cap Index is trading up 0.7% at 14304.
 
Some buying activity is seen in Realty, FMCG, Utilities, Capital Goods, Energy and Oil & Gas, while Telecom indices are showing weakness on BSE.
 
Adani Ports, Hero MotoCorp, SBIN, Kotak bank and IndusInd Bank are among the gainers, whereas Bharti Infratel, Axis Bank, Amubja Cement, Wipro and HCL techare losing on the NSE.
 
The INDIA VIX is down 0.3% at 12.

Opening Bell - Nifty opens flat; Auto stocks trade with mixed sentiments; IndusInd Bank top Nifty gainer

      At 9:15 AM, the BSE Sensex opened higher by 7 points at 29538, while the Nifty50 opened absolute flat at the 9143 mark.
 
IndusInd Bank is the top Nifty gainer and Axis Bank is the top Nifty loser. IndusInd Bank is trading higher by 0.8% at Rs 1410 per share and Axis Bank is trading lower by 1.46% at Rs 496 per share.
 
The Automobile stocks are trading with mixed sentiments. Tata Motors is trading down by 0.8% at Rs 465.3 per share. HeroMoto Corp is trading up by 0.6% at Rs 3244 per share.
 
There are 839 advances, 518 declines and 423 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
If Nifty manages to cross the hurdle of 9,175, it has the potential to extend its up move up to the level of 9,220. On the downside, immediate support stands at 9,125-9,135 and breach of this support zone may open gates for correction up to the level of 9,070.
 
The Rupee opens higher at 64.87 per US dollar against Wednesday's close of 64.90.
 
The US stocks ended Wednesday’s session mostly higher, with Nasdaq Composite registering its fourth consecutive daily gain. The S&P 500 ended the session in the green. However, bucking the trend, Dow Jones Industrial Average closed with modest losses of 42 points at 20,659.
 
Asian markets are trading subdued on Thursday. Japan’s Nikkei 225 shed 48 points, Hang Seng is trading lower by 82 points and Shanghai Composite is trading with losses of 15 points.