Published: Wed, May 09, 2018
Markets | By Josh Butler

Markets end with marginal gains, ICICI bank steals the show

Markets end with marginal gains, ICICI bank steals the show

The NSE Nifty, after hitting a high of 10,758, closed at 10,717, up just 2.30 points.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,349.85 points, closed at 35,216.32 points - up 8.18 points or 0.02 per cent - from its previous session's close.

The benchmark BSE Sensex rose over 180 points in early trade today continuing its yesterday's gains on unabated buying by domestic institutional investors amid positive leads from Asian markets following overnight gains on the Wall Street.

In the early trade, the Sensex opened higher at 34,983.59 and hovered around 35,259.81 to 34,977.74 before ending at 35,208.14, up 292.76 points or 0.84 per cent.

ICICI Bank was the star performer in today's session, topping the gainers' list by surging almost over 8 per cent.

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Major gainers were Axis Bank 1.87 per cent, HUL 1.71 per cent, Tata Steel 1.69 per cent, SBI 1.43 per cent and Bajaj Auto 1.35 per cent.

On the NSE, the top gainers were ICICI Bank, Hindustan Petroleum and Eicher Motors.

Sectoral indices, led by bank, healthcare, consumer durables, power, FMCG, capital goods and PSU, were in the positive zone, rising by up to 0.88%.

Asian shares were mixed despite the strong closing on Wall Street as investors digested last weeks trade talks and U.S. jobs numbers. The Indian rupee on Monday weakened past 67-mark to hit a 15-month low against United States dollar.

However, European shares opened broadly flat as investors prepared for President Donald Trump's decision on whether to withdraw the U.S. from the Iran nuclear deal.

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