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SURE SHOT CALLS

Tuesday 27 March 2018

Sensex, Nifty gain on global rally as trade war worries ease

stock trading tips
Closing Updates- Sensex, Nifty spiked for second consecutive day led by banks after the govt reduced its borrowing programme for the first half of the fiscal year 2019, and consequently government bond yields fell 28 bps, their steepest fall in 52 months, with the Ten-year bond yield falling to upto 7.35 percent from 7.62 percent. 

The govt plans to borrow Rs 2.88 lakh crore in the first half of the fiscal 2018-19 that begins in April, and it will borrow Rs 50,000 crore less for the full year 2018-19. 

The BSE Sensex rose 108 points to 33,174.39 and the NSE Nifty 50 index advanced 53 points to 10,184.15. All sector gauges of NSE ended higher led by the Nifty PSU Bank index's 3% gain. The Nifty Midcap 100 index rose 1.3% and the Nifty Smallcap index gained 1.7%.

Sectoral indices ended on a mixed note with IT stocks and automobile stocks leading the gainers, while metal and energy stocks ended the day in red. 

Bank stock rose to a wider extent. On NSE, Nifty PSU Bank index finished in green with stocks of IDBI Bank, Indian Bank, Union Bank of India, PNB, SBI, Bank of India, Oriental Bank of Commerce and Andhra Bank rising 2 to 6 percent. All the sectoral indices of NSE ended in red with Nifty PSU Bank, Nifty Metal and Nifty Bank. 

Gainers & Losers on NSE: Indian Oil Corpn, Indiabulls Housing Finance, Hindustan Petroleum Corpn, Hindalco Industries and State Bank of India were top five Nifty gainers, whereas Losers include Infratel, Bharti Airtel, Bajaj Auto, Tata Motors and HDFC.

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