Indian equity market ended the week on a positive note after 4 consecutive days decline. In the early trade today 50 shares index Nifty and 30 shares index Sensex opened on a positive note but later on gave up the momentum. Though market remained volatile and crossed the previous day’s close for rest of the day. Nifty ended the day at 5983 up by 16 points while Sensex ended with 30 points gain at 19704.
Tata Steel reported around 8 percent improvement in Indian EBITDA per tonne. While from European operation its EBITDA per tonne came at USD 33 as against expectation of USD 5. Sun Pharmaceutical Industries fell after its subsidiary Taro Pharmaceutical Industries March-quarter results came below estimates.
Among the sectoral indices CNX Metal was the biggest gainer, surged 1.41% followed by CNX Infra (1.27%) and Bank Nifty (1.05%) meanwhile CNX Pharma plunged -0.91% & became the top loser of the day.
Out of 50 stocks of Nifty 34 shares ended in positive zone and 14 in negative.
Top 5 Nifty gainers: Maruti (7.86%), Tata Steel (4.77%), Tata Power (3.98%), LUPIN (2.94%) and L&T (2.90%) were top index gainers.
Top 5 Nifty losers: Sun Pharma (-3.11%), BHEL (-1.61%), CIPLA (-1.53%), TCS (-1.39%) and Ranbaxy (-1.32%) were top losers.
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