Wednesday, April 4, 2018
INDIAN EQUITY MARKET OUTLOOK - 4 Apr 2018
Sensex, Midcap indices off day's highs; Tata Motors lifts Auto index
The market gained strength amid volatility, with the Nifty inching towards 10,300 levels and the Sensex gaining more than 100 points.
The broader markets extended gains, with the Nifty Midcap index rising 0.8 percent and BSE Smallcap gaining 1.2 percent.
The 30-share BSE Sensex was up 119.84 points at 33,490.47 and the 50-share NSE Nifty rose 30.30 points to 10,275.30.
About four shares advanced for every share falling on the BSE.
Tata Motors was the top gainer among Nifty50 stocks, up more than 5 percent after strong JLR show in the US in March
Shares of Jet Airways rose as much as 3 percent on the bourses after the company said it had entered a pact for buying 75 B737 planes.
Zensar Technologies share price gained more than 5 percent after receiving a four-year, multi-million dollar contract from the City of San Diego for network services.
Infosys will announce the results for its fourth quarter and year ended March 2018 on Friday, April 13 around 4.00 pm Indian Standard Time.
Reliance Capital announced the appointment of Nitin Rao as its new Chief Executive Officer.
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