Wednesday 31 May 2017

Sensex, Nifty touches record high; Aviation stocks surged

The benchmark Sensex and Nifty snapped 4-session long gaining streak to end lower on Wednesday as investors waited for GDP data due later today.
The BSE Sensex ended at 31,145, down 13.60 points, while the broader Nifty50 closed at 9,621.25, down 3.30 points.  BSE Midcap and the BSE Small-cap indices rising up to 1 percent each. On the BSE, 1,384 shares advanced and 1,284 shares declined and a total of 181 shares were unchanged.
The index  heavyweight stocks such as, HDFC Bank,  ICICI Bank and ITC pushed Nifty and Sensex to their all-time highs of 9,649 level and 31,255 level respectively. ICICI Bank touched its fresh 52-week high of Rs 327.4/ share on NSE in today’s  trade.
Aviation stocks surged in spite of decline in global crude oil prices. Inter-Globe Aviation went up 4.09%, SpiceJet rose 4.39% and Jet Airways advanced 3.91 percent.
Oil exploration companies’ shares declined tracking fall in global crude oil prices. Oil India Ltd went down 2.18%, ONGC slipped 0.81% and Reliance Industries notched 1.57% edging lower.

3 comments:

  1. Tata Motors-Appoints Girish Wagh as head of commercial vehicle business & member of executive committee.
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  3. • Mahindra Lifespaces Q1 net dips to Rs 14 cr on regulatory changes.
    • ICICI Prudential Life Q1 net profit flat at Rs 406 cr.
    • GlaxoSmithKline Q1 net down 63% at Rs 26 cr on GST transition.
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