Shares have begun the day on a positive note, with the Nifty trading above 10,750-mark. The Sensex is trading above 35,200-levels. The Sensex is up 58.73 points at 35266.87, while the Nifty is up 12.70 points at 10728.20. The market breadth is positive as 532 shares advanced, against a decline of 205 shares, while 59 shares are unchanged. Among stocks, ICICI Bank is trading higher by around 5 percent, while Lupin has staged a recovery from Monday’s low points. Other gainers include Titan, ITC, Tata Steel and Yes Bank. On the losing side, Infosys and other IT stocks are trading lower, largely on the back of a rub-off of Cognizant’s earnings trends. Oil stocks, IOC and BPCL are trading lower on the back of higher oil prices. On a sectoral basis, financials and pharmaceuticals are trading in the green. The Nifty IT index is down around one third of a percent. Midcaps, meanwhile, are trading flat. ICICI Bank, Lupin and Dr Reddy’s Laboratories are the top gainers, while IndusInd Bank and Infosys have lost the most.
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Shares have begun the week on a good note, with the Sensex gaining over 100 points, while the Nifty is trading around 10,650-mark. The Sensex was up 110.25 points at 35025.63, while the Nifty was up 31.00 points at 10649.30. The market breadth was positive as 368 shares advanced, against a decline of 113 shares, while 48 shares were unchanged. Bharti Airtel, Axis Bank, Hindalco and Mahindra & Mahindra were the top gainers, while Wipro, NTPC, Lupin and HPCL lost the most. Infosys is also trading over 1 percent higher. » Read more
Equities have begun the day on a good note, with the Sensex rising over 100 points, while the Nifty managed to open above 10,650-mark. The Sensex is up 143.63 points at 34857.23, while the Nifty is up 56.20 points at 10674.00. The market breadth is positive as 333 shares advanced, against a decline of 171 shares declined, while 54 shares were unchanged. Among stocks, Axis Bank took a hit of 3 percent in the first few minutes, after the bank reported dismal set of numbers for the March quarter as provisions trebled. Meanwhile, IDBI Bank is also trading lower by 4 percent after its ex-CMD has been booked in a fraud case. Meanwhile, global markets were trading higher on the back of positive handover from US. Asian shares edged higher on Friday, after US equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged. » Read more
#Nifty ended at 10617.80 UP 47.25 and Sensex at 34713.60 UP 212.33 points.
#Govt considering national policy for retail trade.
#India will network with Asia’s major oil buyers to negotiate with sellers: Dharmendra Pradhan.
#Tata Consultancy Services expands operations in Texas.
#Siemens Gamesa bags wind turbine order of 300 MW in India.
#Abbott discontinues selling Xience Alpine stents in India.
#HDFC Bank hikes interest on FDs; loans could get costlier.
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JINDAL STEEL BUY ABOVE 253.00
NIIT TECH SELL BELOW 1140
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# Nifty ended at 10570.55 DOWN 43.80 and Sensex at 34501.27 DOWN 115.37 points
# Listed foreign funds pull out $91 mn from India
# India’s average GDP growth to rise to 7.8% in first half of this yr: Report
# Wipro Q4 profit down 7% QoQ; sees Q1 IT services revenue at $2,015-2,065 mn
# Reliance Nippon AMC Q4 net profit up 35% to Rs 162 cr
# IDBI Federal Life net jumps 94% to Rs 101 cr in FY18
# BPCL seeks LNG cargoes for July 2018-March 2019 » Read more
Benchmark indices opened lower, tracking negative trend in global stocks. The 30-share BSE Sensex was down 52.82 points at 34,563.82 and the 50-share NSE Nifty fell 21.10 points to 10,593.30. Bharti Airtel, Bharti Infratel, HPCL, BPCL and Reliance Industries were early gainers. Hindalco, Cipla and HCL Technologies were under pressure. ICICI Prudential, Raymond, Idea Cellular, Advanced Enzyme, Bajaj Corp, MMTC, Parag Milk Foods, Coffee Day, Jubilant Life, Avanti Feeds, Granule India, Gati, Jaiprakash Associates, Indiabulls Ventures and Trent gained up to 5 percent. Uniply Industries gained 2 percent after block deal of 10 lakh shares. Balrampur Chini and Reliance Naval were under pressure.
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