Market ends higher after US delays military strikes in Syria : Bulletin: Business Today
Business Today

Market ends higher after US delays military strikes in Syria

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April 13, 2018

The Sensex and Nifty ended in the green for the seventh straight session led by metal stocks after global stocks recovered on delay in United States' final decision on possible military strikes against Syria. While the Sensex closed 91 points or 0.27% higher at 34,192, the Nifty ended at 10,480 level, a rise of 0.21%.The successive growth in fourth straight months in the index of industrial production (IIP) at 7.1 per cent and moderation in consumer price index (CPI) inflation to 4.28 per cent, lifted the sentiment.

Both indices rose more than 1% on a weekly basis.  Midcaps and small cap indices on BSE rose 0.46% and 0.26%, respectively.

Gains were led by metal stocks with the BSE index rising 1% to 14,095 level. Healthcare stocks too contributed to the gains with the BSE healthcare index rising 0.56% to 13,679 level.

Adani Ports, Wipro and Kotak Bank were the top Sensex gainers.

SBI, Axis Bank and YES Bank were the top losers on Sensex.

Reliance Industries closed 1.22%  higher amid news that the Mukesh Ambani firm would buy close to 73 per cent stake in education technology provider Indiavidual Learning Private Ltd (Embibe) to become a majority shareholder.

Infosys closed 0.58% higher at 1169 level ahead of the firm's Q4 earnings set to be announced in evening today.

Market breadth was negative with 1285 stocks closing in the green against 1436 stocks ending in the red. 138 stocks were unchanged. 
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