Mumbai: Continuing its upwards trend for the seventh consecutive week, the Benchmark Index of Bombay stock Exchange (BSE) rose by 189.32 points or 0.39 percent to settle at 38,862.23 in the week under review on positive global cues as investors are hopeful of some headway in the US-China trade talks.
Nifty also rose 42.05 points or 0.36 pc to settle at 11,665.95. The BSE Mid-Cap rose 29.74 points or 0.19 pc to settle at 15,509.36.
The BSE Small-Cap rose 18.51 points or 0.12 pc to settle at 15,045.87.
Domestic Stocks settled with modest gains on Monday, April 1, 2019, on steady buying demand in index pivotals.
Sensex rose by 198.96 points to 38,871.87. Nifty too rose 31.70 points to 11,655.60.
Domestic stocks settled higher on Tuesday, April 2, 2019. The Sensex hit record high on intra-day and closing basis and ended above the 39,000 mark.
Sensex rose 184.78 points to 39,056.65 its record closing high. The index hit a record high of 39,121.69 in intraday trade. Nifty rose 44.05 points to settle at 11,713.20.
Key equity indices edged lower on Wednesday, April 3,2019 on profit booking after four-day gains Sensex fell 179.53 points to settle at 38,877.12. Nifty too fell 69.25 points to 11,643.95.
Domestic shares declined on Thursday, April 4, 2019 after the Reserve Bank of India (RBI) lowered the GDP growth forecast for the current fiscal amid probability of El Nino effects on monsoon rains and uncertain global economic outlook.
Sensex fell 192.40 points points to 38,684.72. Nifty fell 45.95 points to 11,598. Shares bounced back on Friday, April 5, 2019 after sliding in past two trading sessions.
Gains were supported by upbeat global cues amid hopes of an end to the skirmish between the US and China.
The Sensex rose 177.51 points to settle at 38,862.23. Nifty advanced 67.95 points to settle at 11,665.95.
Engineering and construction major Larsen & Toubro shed 0.76 pc. The company said it has won a large order from Kuwait Oil Company (KOC).
The new export gas strategic pipeline and its associated facilities will run a span of approximately 145 km.
The new strategic gas export pipeline contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis.
L&T is currently executing a new 48″ Crude Transit Line (CTL) from North Kuwait to Central Mixing Manifold (CMM) located near Ahmadi (Kuwait).
The announcement was made during trading hours on April 1, 2019.
Infosys rose 1.88 pc. EdgeVerve Systems, a subsidiary of Infosys, has been selected by Al Ahli Bank of Kuwait to automate the bank’s operational processes using the AssistEdge RPA platform.
Ahli United Bank is one of the pioneering banks in Kuwait to innovate its banking operations using RPA.
The announcement was made after market hours on April 2, 2019. Mahindra & Mahindra (M&M) shares fell 2.05 pc.
Meanwhile, M&M’s total tractor sales fell 31 per cent to 19,688 units in March 2019 over March 2018.
Tata Motors rose 18.04 percent while Tata Motors Commercial and Passenger Vehicles sales in the domestic market for FY19, grew by 16 pc. (UNI)
