It’s a strong start to the market on Friday morning, with the Sensex and Nifty opening at a fresh record high and crossing 11,200 for the first time.The Sensex is up 216.83 points or 0.59% at 37201.47, while the Nifty is up 62.00 points or 0.56% at 11229.30. The market breadth is positive as 342 shares advanced, against a decline of 87 shares, while 44 shares are unchanged.All sectoral indices are trading in the green, with Nifty Metal and Nifty FMCG leading the gains. Surge in ITC as well as Hindalco are boosting these indices. In the broader markets, » Read more
Shares of Larsen & Toubro (L&T) rose percent in the opening trade on Thursday on the back of robust numbers declared by the company in the quarter ended June 2018 (Q1FY19).The company posted a 13.8 percent year-on-year (YoY) increase in consolidated net profit at Rs 1,213 crore, beating analyst estimates driven by order inflowgrowth in infrastructure, heavy engineering and hydrocarbon segments.Profit for the same period last year was Rs 1,065.54 crore. The Q1FY19 profit was aided by one-off gain of Rs 355 crore from divestment of Kattupalli port to Adani group.
Fresh milestones for Sensex, Nifty: Drumrolls are out on D-Street as benchmark indices have hit fresh records on Thursday morning. The Sensex has managed to scale past 37,000 for the first time, while the Nifty has managed to hit a fresh record high, surpassing 11,171 mark.,
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The Sensex hit a record high of 36,749.69 on Monday but traders are not rejoicing because more than 300 stocks on the BSE hit a fresh 52-week low. When markets scale fresh peaks, one ought to have seen more stocks hitting fresh 52-weeks highs. However, in the current scenario, it is the other way around. Stocks which hit fresh 52-week lows on the BSE on Monday include: Hero MotoCorp, ICRA, Bajaj Auto, Swaraj Engines, Apollo Hospitals Enterprises, BEML, JK Cement and Sundaram Finance.
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Benchmark indices opened flat on Thursday, the expiry day for April derivative contracts. The 30-share BSE Sensex was up 46.40 points at 34,547.67 and the 50-share NSE Nifty rose 5.40 points to 10,575.90. Yes Bank gained half a percent and Axis Bank was down 0.75 percent ahead of earnings later in the day. NIIT, M&M Financial, DHFL, Mindtree, Parag Milk Foods, Biocon, Rallis India and Tata Elxsi gained up to 3 percent. ICICI Lombard, Jindal Stainless, Reliance Naval and PC Jeweller slipped up to 9 percent. » Read more
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