Sensex up 67 points Nifty holds 10,628 mark; Coal India, Tata Motors gain

Sensex Nifty gainers today India’s Share Markets began on a positive note due to firm global cues on Tuesday with Sensex and Nifty hitting all-new record highs. Investor outlook remained upbeat on continued capital inflows and extensive buying by retail investors with hop0es of encouraging Q3 earnings, to be posted this week.

The BSE index Sensex was trading 67.34 points up to 34,420.13 and the NSE Nifty-50 index up by 4.65 points to 10,628.25 in the later morning a hours Shares of Coal India Ltd rose 5.2 percent after the company hiked fuel prices used to fire power plants.

Shares of Max India Limited rose 2.4% to Rs. 124.35 after Life Healthcare Group Holdings Ltd is looking out a sale of its stake in India’s Max Healthcare Ltd.

Shares of National Mineral Dev Corpn plunged 4 percent after the government said it will sell 1.5 percent stakes in NMDC through an offer for sale.

Nifty top gainers include Coal India, Tata Motors, Tata Steel, GAIL India and Kotak Mahindra Bank. On the other hand, the losers include HPCL, Zee Entertainment, Eicher Motor, Hindalco Industries, and Tech Mahindra.

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Prevailing concern between the US and North Korea effected on Indian share markets as the Sensex and Nifty closed more than 1% lower. The Sensex lost 317 points, or 1%, to close at 31,213, and Nifty50 gave up the crucial 9800 mark to close at 9,710, going down 109 points, or 1.1%. This is the 5th consecutive session of falls for the Indian indices, clocking it the most awful weekly performance since February 2016. During the week, the Sensex fell a little over 5%, as per data indicated.

BSE Midcap & Smallcap closed flat outperforming the bench mark indices on Friday 11 Aug 2017. BSE Mid-cap was down 0.4%, and the BSE Small-cap remained unchanged. The Weekend fall was led by SBI, which dipped 5.36 % due to its increasing non-performing assets, while M&M fell 3.1% and Reliance Industries fell 2.4%.

Metal stocks were suffered most with the BSE Metal index falling 3.6%. Pharma stocks clocked gains with shares of Dr Reddy’s, Aurobindo Pharma gaining more than 3% each through the week.
The Indian markets have come under selling pressure since worries between the US and North Korea burned up. It also got impacted global equities. The US index S&P 500 has lost 1.3% in the week so far while the FTSE and the Euro Stoxx were down by over 3% each.