Business Standard

Markets end higher led by index heavyweights

Reliance Ind, Infosys, HDFC among top Sensex gainers

Related News

Benchmark share indices ended higher on Tuesday, amid a volatile trading sesssion, as gains in index heavyweights helped offset losses in Bharti Airtel and select bank shares.

The 30-share provisionally ended up 90 points at 17,233 and the 50-share ended up 27 points at 5,227.

______________________________

(Updated at 14:47hrs)

are trading in range bound manner in the late noon deals. The Sensex is up 38 points at 17,181 and 50-share Nifty is up 8 points at 5,207 levels.

Meanwhile, the European markets are trading on a mixed note wherein, DAX is trading higher by 0.8% at 6,830. While, CAC and FTSE are trading marginally lower.

In Asia, markets held on to gains on hopes of further stimulus from the European Central Bank and the US Federal Reserve, both of which hold policy meetings this week. Nikkei, Hang Seng and Kospi Composite advanced 0.6-2% each.

Back home, on the macro economic front, the Reserve Bank of India (RBI) left interest rates unchanged for the second time since June, in line with expectations, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate.

The RBI kept its policy repo rate unchanged at 8% and left the cash reserve ratio (CRR) for banks at 4.75%. CRR is the share of deposits banks must keep with the RBI.

Wipro is the top gainer among the Sensex stocks, up 2% at Rs 340. Tata Motors, HDFC, ONGC, Cipla, Matruti Suzuki, Coal India, Sterlite Industries, TCS and Sun Pharma are also trading higher by 0.6-1.6% each.

On the other hand, SBI is the top loser among the Sensex stocks, down 2% to Rs 1,990. Bharti Airtel is also trading weaker by 2.2% at Rs 302 on reports that the company is planning to raise funds by issuing new shares to the public or institutional investors to pare its massive debt.

Jindal Steel, ICICI Bank, Hero MotoCorp, BHEL and Dr Reddy's Labs are among the top losers.

Meanwhile, the rate sensitive sectors have showcased a recovery from there intra-day low levels and are trading in the positive territory. BSE Realty index is the top sectoral gainer, up 1% at 1,635. Capital goods and auto indices are also up 0.5% each.

Among the other sectors, buying is also visible in the FMCG, healthcare, oil & gas, metal stocks.

From the realty pack, Phoenix Mills is the top gainer, up 3% at Rs 183. DLF, Prestige Estates and DB Realty are also among the top gainers.

Among the individual stocks, Deccan Chronicle Holdings has plunged 9% to Rs 15.25, its new low on reports that the state-owned financial institution, IFCI has sought the appointment of a liquidator for the company’s assets.

Sun TV Network has rallied 6% to Rs 275 on signing agreement with the state-owned Tamil Nadu Arasu Cable TV Corporation Ltd, which help the company to generate additional subscription revenues.

The broader markets are also trading flat. The BSE mid-cap and small-cap indices are up 0.2% each.

The overall breadth is neutral as 1,277 stocks are advancing while 1,329 are declining.

Read more on:   
|
|

Markets end higher led by index heavyweights

Reliance Ind, Infosys, HDFC among top Sensex gainers

Benchmark share indices ended higher on Tuesday, amid a volatile trading sesssion, as gains in index heavyweights helped offset losses in Bharti Airtel and select bank shares.

Benchmark share indices ended higher on Tuesday, amid a volatile trading sesssion, as gains in index heavyweights helped offset losses in Bharti Airtel and select bank shares.

The 30-share provisionally ended up 90 points at 17,233 and the 50-share ended up 27 points at 5,227.

______________________________

(Updated at 14:47hrs)

are trading in range bound manner in the late noon deals. The Sensex is up 38 points at 17,181 and 50-share Nifty is up 8 points at 5,207 levels.

Meanwhile, the European markets are trading on a mixed note wherein, DAX is trading higher by 0.8% at 6,830. While, CAC and FTSE are trading marginally lower.

In Asia, markets held on to gains on hopes of further stimulus from the European Central Bank and the US Federal Reserve, both of which hold policy meetings this week. Nikkei, Hang Seng and Kospi Composite advanced 0.6-2% each.

Back home, on the macro economic front, the Reserve Bank of India (RBI) left interest rates unchanged for the second time since June, in line with expectations, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate.

The RBI kept its policy repo rate unchanged at 8% and left the cash reserve ratio (CRR) for banks at 4.75%. CRR is the share of deposits banks must keep with the RBI.

Wipro is the top gainer among the Sensex stocks, up 2% at Rs 340. Tata Motors, HDFC, ONGC, Cipla, Matruti Suzuki, Coal India, Sterlite Industries, TCS and Sun Pharma are also trading higher by 0.6-1.6% each.

On the other hand, SBI is the top loser among the Sensex stocks, down 2% to Rs 1,990. Bharti Airtel is also trading weaker by 2.2% at Rs 302 on reports that the company is planning to raise funds by issuing new shares to the public or institutional investors to pare its massive debt.

Jindal Steel, ICICI Bank, Hero MotoCorp, BHEL and Dr Reddy's Labs are among the top losers.

Meanwhile, the rate sensitive sectors have showcased a recovery from there intra-day low levels and are trading in the positive territory. BSE Realty index is the top sectoral gainer, up 1% at 1,635. Capital goods and auto indices are also up 0.5% each.

Among the other sectors, buying is also visible in the FMCG, healthcare, oil & gas, metal stocks.

From the realty pack, Phoenix Mills is the top gainer, up 3% at Rs 183. DLF, Prestige Estates and DB Realty are also among the top gainers.

Among the individual stocks, Deccan Chronicle Holdings has plunged 9% to Rs 15.25, its new low on reports that the state-owned financial institution, IFCI has sought the appointment of a liquidator for the company’s assets.

Sun TV Network has rallied 6% to Rs 275 on signing agreement with the state-owned Tamil Nadu Arasu Cable TV Corporation Ltd, which help the company to generate additional subscription revenues.

The broader markets are also trading flat. The BSE mid-cap and small-cap indices are up 0.2% each.

The overall breadth is neutral as 1,277 stocks are advancing while 1,329 are declining.

image

Read More

Markets post best gains in 3-months on Fed optimism

The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE

Recommended for you

Advertisements

Quick Links

Market News

Sensex ends above 27,900 amid volatile session

Provisionally, the Sensex gained 134.71 points to end at 27,944.06 and the Nifty rose 27.80 points to close at 8,448.80

Sangam (India) zooms over 50% in four days on stake hike by promoter

The stock is currently trading at its record high of Rs 125 and has rallied 54% from Rs 81 on May 19.

Sagar Cements surges after turnaround in Q4

The stock surged 16% to Rs 408 after reported net profit of Rs 21.70 crore in March quarter against loss of Rs 11.36 crore in the year ago ...

SBI pares early gains post Q4 results

The stock surged 5% to Rs 305 after reported 23% year on year jump in standalone net profit at Rs 3,742 crore in March quarter.

Markets hold gains amid firm global cues

Sensex has soared 214 points to trade at 28,023 levels while the Nifty has surged 55 points to quote at 8,476 mark

 

Back to Top