#indianshares

Indian shares rebounded from early losses to end higher in volatile trade on Tuesday, with banking stocks leading the gains. The Sensex closed at 38,939.22, up by 238.69 points, whereas NSE’s Nifty50 ended the day at 11,671.95, up by 67.45 points on Tuesday. Nifty Bank which advanced 30,113 level to close with gains of 268 points or 0.90 %, with Yes Bank, ICICI Bank and RBL Bank as index toppers Among the top Nifty gainers were Yes Bank, Tata Motors, Wipro, Coal India and ICICI Bank. On the flip side, IndiaBulls-HF, Asian Paint, Bharti Airtel, Infosys and UPL were the losers. Among index heavy weights stocks, ITC and ICICI Bank contributed the most to Sensex gains while Infosys and Asian Paints were the biggest draggers. IT stocks also ended higher for the day with Nifty IT index reached at 16,121.60, up 0.58% with major gains in Wipro and HCL Technologies. Among leading stocks, Yes Bank gained 4.50% after the bank under proposal to raise funds via equity. Shares of ITI rose over 5.32% after reporting a 20% increase in FY19 turnover. Asian Paints fell 3.11% after CLSA downgraded the stock to SELL from OUTPERFORM. Read the full article

Indian shares declined for sixth consecutive days on Thursday, driven by profit-booking in IT stocks, while energy stocks also fell after the Brent crude oil prices surged to 3-month highs. The Sensex marked its worst run, closing down 0157 points at 35,876.22 with Yes bank and Tata Motors at the top. On the other hand the Nifty ended 47 points lower at 10,746-mark with IOC and BPCL at the bottom. Yes Bank reached in top both on BSE and NSE. Bank Nifty comparatively outperformed ending the session 32 percent higher at 26,970.60 led by Yes Bank which surged 31.37% to Rs222.60 after news reported that RBI gives clean chit on divergences. Shares of Reliance Industries closed 1.35 percent lower at Rs 1,229.10 while Infosys and TCS shed 1.93% and 0.79% respectively with Nifty IT index falling 1.12 percent. Read the full article