Sunday 19 May 2019
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business-standard - 3 days ago

Stock markets overcome volatility, close in positive zone

Equity benchmark indices erased volatility of the morning session and gained in the last trading hours on Thursday.The S P BSE Sensex opened at 37,179, jumped to a high of 37,519 and finally settled at 37,393. The Nifty 50 too witnessed a volatile session but closed 100 points up at 11,257.Except for pharma, all sectoral indices at the National Stock Exchange were in the green. Investors attributed the swings to wait-and-watch sentiment in the market and mixed quarterly corporate results ahead of the exit polls.Zee Entertainment was a prominent gainer which closed over 9 per cent up at Rs 351.70.Tata Chemicals gained more than 8 per cent after Tata Group on Wednesday transferred all its branded food businesses to Tata Global Beverages, which will be renamed as Tata Consumer Products.Bharat Petroleum Corporation gained 4.8 per cent, Bajaj Finance 4 per cent, Indian Oil Corporation and Ultra Cement 3.8 per cent each.But InterGlobe Aviation was down 8.8 per cent down after reports .


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