Podcast: Sensex rises 95 pts, Nifty at 10,565 as metals shine : Bulletin: Business Today
Business Today

Podcast: Sensex rises 95 pts, Nifty at 10,565 as metals shine

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BusinessToday.In | April 19, 2018

The Sensex and Nifty recovered in trade today led by strong buying in metal stocks amid mixed global cues. While the Sensex rebounded by about 96 points to end at 34,427, Nifty closed at 10,565, up 39  points, or 0.37 per cent. Investor sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS.

Tata Steel, YES Bank and Bharti Airtel were the top Sensex gainers.

Aluminium prices on the London Metal Exchange surged 5 percent to their highest in almost seven years on Thursday.

Shares of Vedanta rose as much as 6.1 percent to their highest since March 19, while National Aluminium Co gained nearly 10 percent to hit its highest in over three months.

The BSE Metal index zoomed 4.46 per cent or 632 points on rising global commodity prices. Hindalco, SAIL, JSW Steel, Jindal Steel, Hindustan Zinc, Tata Steel and NMDC closed with gains of up to 9 per cent.

IT stocks rose as the rupee hit a fresh seven-month low against the US dollar after international crude oil prices surged.

Meanwhile, the TCS stock closed 0.99% or 31 points higher at 3190 level ahead of the firm's Q4 earnings announcement.

Mindtree which reported over 87% rise in net profit for Q4 to Rs 182.2 crore closed 3.58% higher on BSE.
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