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Closing bell: Sensex, Nifty close higher for seventh session

BSE Sensex closed higher by 91.52 points at 34,192.65, while the Nifty 50 rose 21.95 points to close at 10,480.60. Here are the highlights from the markets

Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as RIL and ICICI Bank. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. Investors now await corporate results for future direction. Software services exporter Infosys Ltd will kick-start the March-quarter results season later in the day.

3.35 pm IST
Closing bell
BSE Sensex closed higher by 91.52 points, or 0.27%, to 34,192.65, while the Nifty 50 rose 21.95 points, or 0.21%, to close at 10,480.60.

3.25 pm IST
SBI declares Sysco Industries loans as NPS
Sysco Industries Ltd shares dived 10.74% to Rs31.15 after the company said State Bank of India has reclassified its credit accounts as non-performing assets.

3.20 pm IST
Tata Steel India sales declines in Q4
Tata Steel Ltd reported fourth-quarter India sales at 3.01 million tons versus 3.21 million tons in the year-ago period. The company said its India production stood at 3.07 million tons, down from 3.20 million tons a year ago. Tata Steel shares were down 0.56% to Rs596.50.

2.53 pm IST
HDFC Bank proposes to raise Rs50,000 crore via bonds
HDFC Bank said it has proposed to raise up to Rs50,000 crore by issuing perpetual debt instruments, Tier II capital bonds and long term bond in the period of next twelve months through private placement mode. Shares fell 0.21% to Rs1922.25

source: livemint.com

 

 

 

 

 

 

 

 

 

 

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