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May 17, 2021 / 04:40 PM IST

Closing Bell: Nifty ends above 14,900, Sensex jumps 848 pts led by financial, metal stocks

Stock Market LIVE Updates | Among sectors, Nifty Energy, Bank, Auto, Metal and PSU Bank indices rose 1-4 percent. BSE Midcap and Smallcap indices added 1.6 percent each.

  • IndexPricesChangeChange%
    Sensex52,699.00392.92 +0.75%
    Nifty 5015,790.45103.50 +0.66%
    Nifty Bank34,827.00253.00 +0.73%
    Nifty 50 15,790.45 103.50 (0.66%)
    Thu, Jun 24, 2021
    Biggest GainerPricesChangeChange%
    Infosys1,559.2056.05 +3.73%
    Biggest LoserPricesChangeChange%
    Reliance2,153.50-51.85 -2.35%
    Best SectorPricesChangeChange%
    Nifty IT29048.00789.50 +2.79%
    Worst SectorPricesChangeChange%
    Nifty PSU Bank2442.70-34.80 -1.40%


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  • May 17, 2021 / 04:02 PM IST

    S Ranganathan, Head of Research at LKP securities:

    Bulls took centre stage today as the vaccination drive is expected to pick up momentum and the launch of the DRDO drug ignited the street as pivotals led by banks, saw support from autos & metals. In the broader market we did witness profit taking in pharma stocks.

  • May 17, 2021 / 03:43 PM IST

    Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments 

    The markets have zoomed past a resistance block of 14,850 and this should keep the Nifty bullish. Strong support lies at 14,700 and the index would turn bearish if we break this level on a closing basis. If the Nifty can keep above 14,850, we can claim higher levels of 15,000 and then 15,200. If we break 14,700, the markets could fall further to 14,400.

  • May 17, 2021 / 03:42 PM IST

    Rupee Close: 

    Indian rupee ended higher by 7 paise at 73.22 per dollar, amid buying saw in the domestic equity market. It opened flat at 73.27 per dollar against Friday's close of 73.29 and trade in the range of 73.15-73.27.

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  • May 17, 2021 / 03:37 PM IST

    Market close: Market started the week on strong note and ended with a percent gain supported by the auto, metal and financials.   At close, the Sensex was up 848.18 points or 1.74% at 49580.73, and the Nifty was up 245.40 points or 1.67% at 14923.20. About 2047 shares have advanced, 1024 shares declined, and 215 shares are unchanged.   IndusInd Bank, SBI, ICICI Bank, HDFC Bank and UPL were among the top gainers on the Nifty. Losers included Cipla, Bharti Airtel, Larsen and Toubro, SBI Life Insurance and Nestle India.   Among sectors, Nifty Energy, Bank, Auto, Metal and PSU Bank indices rose 1-4 percent. BSE Midcap and Smallcap indices added 1.6 percent each.

  • May 17, 2021 / 03:27 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed some decisive trends and an attempt to overcome the resistance level around the Nifty 50 Index level of 14950. While sustaining above 14950 is the key factor from a short-term perspective, staying above this level market to gain momentum and to open the gate for a movement till 15100-15200. The momentum indicators like RSI, MACD to recover after staying neutral to bearish in recent time.

  • May 17, 2021 / 03:23 PM IST

    Indo Count Industries Q4:

    Indo Count Industries' Q4 consolidated net profit was at Rs 57.9 crore versus Rs 7.9 crore and revenue was up 65.8% at Rs 705 crore versus Rs 425 crore, YoY.

    Indo Count Industries was quoting at Rs 153.00, up Rs 4.20, or 2.82 percent on the BSE.

  • May 17, 2021 / 03:21 PM IST

    Barclays on April WPI:

    The wholesale price index registered another major upside surprise, surging to 10.5% y/y in April, the highest level in 131 months. This is also the first time WPI has been in double digits in almost a decade. 

    While base effects remain unfavourable, a pick up in sequential momentum added to the price pressures in April. Perishable food products - especially vegetables and fruits - minerals and basic metals drove the inflation surge in April, which may precede an increase in the CPI in the coming weeks. 

    With the summer season likely to add to upward food price momentum, our estimates show that wholesale price index could peak in May before moderating thereafter. While the RBI officially targets retail price inflation, the current surge in WPI is likely too high for the bank to ignore.

  • May 17, 2021 / 03:10 PM IST

    Nifty Metal index rose 2 percent led by the NALCO, Adani Enterprises, Ratnamani Metals:

     Nifty Metal index rose 2 percent led by the NALCO, Adani Enterprises, Ratnamani Metals:
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  • May 17, 2021 / 03:04 PM IST

    ICRA reaffirmed credit rating of Sundaram Brake Linings

      ICRA reaffirmed credit rating of Sundaram Brake Linings
  • May 17, 2021 / 03:02 PM IST

    Rupee Updates: 

    Indian rupee is trading higher at 73.20 per dollar, amid buying seen in the domestic equity market. It opened flat at 73.27 per dollar against Friday's close of 73.29.

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