Nifty closes above 10,000-mark, IOCL closes with over 8 per cent gains

DSIJ Intelligence / 04 Aug 2017

Nifty closes above 10,000-mark, IOCL closes with over 8 per cent gains

Nifty ended above the 10,000-mark on August 4, closing at 10,066 level, higher by 52 points, whereas Sensex ended at 32,325 level, higher by 87 points.

Nifty ended above the 10,000-mark on August 4, closing at 10,066 level, higher by 52 points, whereas Sensex ended at 32,325 level, higher by 87 points.
 
In the broader markets, all the indices closed in the green. BSE Mid-cap index ended at 15,436 in the closing hours, up by 0.66 per cent, whereas, BSE Small-cap index ended at 15,926, slightly up by 0.1 per cent on Friday. India VIX ended at 11.33, down by 2.64 per cent.  
 
Indian Oil Corporation (IOC) ended at Rs 418, up by around 8 per cent, becoming the top gainer in Nifty. BPCL, Tata Steel, Eicher Motors, Coal India and Vedanta also became the top gainers in Nifty, ending with 5 per cent gain.
 
Bank Nifty erased all its losses in the closing hour, closing with a gain of 152 points at 24,827 level. State Bank of India became the top gainer of the index, up by nearly 2 per cent. The PSU banks majorly drove the index to its gains in Friday’s trade, with Yes Bank, IndusInd Bank and PNB ending with one per cent gains each.    
 
Metal stocks were upward bound in a rather lacklustre trade on Friday. National Aluminium Company was the top gainer in the Nifty Metal index, up by nearly 4 per cent. Tata Steel, NMDC, Coal India and Vedanta Limited too ended with gains of over 3 per cent on Friday.

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