Stock Market Closing News Updates Nifty settles above 7700

Join Experts & Get Stock Cash Tips

Closing bell:
The Indian stock market closed for the second consecutive session on Tuesday. The BSE Sensex ended with a gain of 123 points at 25,145. The BSE Sensex opened at 25,056 touched an intra-day high of 25,180 and low of 24,996.

The NSE Nifty closed with a gain of 38 points at 7,708. The NSE Nifty opened at 7,669 hitting a high of 7,717 and low of 7,663.

 

GAIL, Maruti Suzuki, Tata MotorsDVR, Tata Motors, ZEEL, Hero MotoCorp, Aurobindo Pharma and Dr Reddy's were among the gainers on NSE, whereas Coal India, Tata Steel, Idea Cellular, ITC, Tech Mahindra, HDFC Bank, SBI and HCL Tech were among the losers today.

Out of 1,801 stocks traded on the NSE, 621 declined and 926 advanced today.

A total of 32 stock registered a fresh 52-week high in trades today, whereas 11 stocks touched a new 52-week low on the NSE.

The Indian Rupee was trading down by 4 paise at 66.46 per US dollar.

Equity Market Opening Trend with Stock Cash Tips

 Join Stock Cash Experts at http://goo.gl/w5xhkP

Shares of Nestle India hopped more than 5 percent intraday after its well known noodles brand cleared tests directed by Central Food Technological Research Institute (CFTRI). CFTRI has given a perfect chit to Nestle's Maggi after tests under Supreme Court mandate. 

The market continued to be marginally higher in morning exchange with the Sensex rising 78.91 focuses to 25101.07 and the Nifty climbing 23.50 focuses to 7694.90. Pharma, banking and financials, auto and oil and gas stocks picked up while metals stocks lost sparkle. 

The BSE Midcap and Smallcap indices beat, ascending more than 0.7 percent as more than two shares progressed for each share declining on Bombay Stock Exchange. 

ICICI Bank, Lupin, Hero Motocorp, Dr Reddy's Labs and Maruti Suzuki picked up 1-2 percent while Adani Ports, Bharti Airtel, Coal India and Tata Steel declined 1-1.5 percent.

Equity Market Opening Bell with Stock Cash Tips

Meet Stock Cash Experts at  

www.marketmagnify.com/stock-cash-tips.php

The equity market bounced back on Wednesday after yesterday's sharp sell-off. The "30-share BSE Sensex rose 106.85 focuses to 24990.44 and the 50-share NSE Nifty climbed 34.85 focuses to 7638.05."

The Indian rupee marginally bounced back in early exchange Wednesday after a steep fall in past session. The currency has opened at 66.42 a dollar, up 4 paise contrasted with 66.46 a dollar on Tuesday. 

US dollar touched 17-month low against the yen on back on developing worries over the worldwide development.

Live Equity Market Closing Updates with Stock Cash Tips

Stock Cash Tips Visit www.marketmagnify.com/stock-cash-tips.php

Equity benchmarks picked up quality again in late exchange. The Sensex rose 130.01 focuses to 25399.65 and the Nifty climbed 45.75 focuses to 7758.80. 

The market breadth remained strong through the session as around two shares progressed for each share declining on BSE. 

M&M and Bharti Airtel topped purchasing list on Sensex, up 4 percent took after by Infosys, Tata Motors and Hindalco with 2-3 percent upside while ITC, Axis Bank and Maruti Suzuki declined 1 percent each.

Equity Market News with Stock Cash Tips

Stock Cash Monthly Subscription 

visit www.marketmagnify.com/stock-cash-tips.php

Yes Bank raises Rs. 545 crore of Tier II bonds

Country’s fifth largest private lender Yes Bank has successfully raised Rs.545 crore of Basel III compliant Tier II bonds on private placement basis. The issue was closed on March 31, 2016.

The issue was rated "ICRA AA+ hyb" by ICRA and "CARE AA+" by CARE. The bonds will be listed on the BSE Limited.

Recently, the bank announced its marginal cost of funds based lending rate (MCLR) for one year at 9.60 per cent. As per RBI guidelines, the bank has approved MCLR for all Rupee loans sanctioned with effect from April 1st 2016.

Besides the one-year tenor, the bank has declared MCLR for other tenors — overnight (9 per cent), one month (9.10 per cent), three months (9.25 per cent) and six months (9.40 per cent).