The BSE Sensex advanced over 250 points in the early trade

The BSE Sensex advanced over 250 points in the early trade and the NSE Nifty 50 index reclaimed the 7,400-mark on Thursday as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows. 

Jindal Steel and Power Ltd (JSPL) share price surged further and was trading 7.75 per cent up at Rs 61.90 on reports that the steel company is exploring partial or complete sale of power assets.

Listing Gains – IRFC is offering 7.53% rate CAPVISION.CO.IN

Listing Gains – IRFC is offering 7.53% rate of interest for its 15-year option, which is also the highest rate of interest for its bonds across all three options. #NTPC issue also carried the same 7.53% rate of interest for its 15-year option.

As you can check from the table above, #NTPC 15-year bonds last traded at Rs. 1,047 on Friday on the #NSE i.e. a 4.7% premium to its issue price. Even if I consider Rs. 12-15 premium to be the accrued interest for the 2-month period since listing, these bonds are still earning a natural premium of approximately 3-3.50%.”

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The BSE Sensex and NSE Nifty continued their dull trade

The BSE Sensex and NSE Nifty continued their dull trade throughout the day and closed on a flat note on Thursday on account of absence of any major triggers. Sensex settled 11.59 points down at 25,838.71, while Nifty 50 index closed 4.90 points down at 7,861.05.

In the 50-share index, Vedanta, Cairn India, Hindalco, Bharti Airtel and GAIL gained between 1.25 per cent and 3.20 per cent. On the other hand, ZEEL, ICICI Bank, PNB, HCL Tech and Grasim slid between 0.80 per cent and 2 per cent.

Traders were seen piling position in telecom, metals, power and capital goods stocks, while selling was witnessed in consumer durables, banking and real estate sector stocks.

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