New Document top_band
 
Business Standard

Markets end in the green

Overall market breadth marginally positive

Read more on:    Sensex | Nifty | Gainers | Losers
Related News

The ended (provisional) at 17,312 , up 125 points and the at 5,248 , up 39 points.

-------------------------------------------------------------------------------

(Updated at 1431 hours)

Markets continued to witness positive trades in afternoon trades with the BSE Sensex at 17,274, up 87 points and the Nifty at 5,233, up 24 points.

Earlier in the day, the BSE benchmark index touched the day's high at 17,359 and the day's low at 17,196.

On the global front, Asian shares rose on Monday as weaker-than-expected US growth data left open the possibility for more monetary stimulus from the Federal Reserve, but trading was subdued with Japanese and Chinese markets closed. Hang Seng index gained nearly 2%, while Taiwan and Kospi gained 0.3% each. The Nikkei and Shanghai Composite indices remained closed for the day.

Meanwhile, European markets are mixed today. The FTSE 100 is up 0.36% while the DAX has gained 0.31%. The CAC 40 is off 0.55%.

Back home, BSE IT index is leading the gains, having advanced nearly 2% each. BSE Realty index has gained 1%.

BSE Healthcare index is leading the losses, having declined nearly 1%.

On the Sensex, TCS has gained 3% at Rs 1,238 and is the most prominent gainer.

India's biggest real estate developer DLF rose 2.1% to Rs 186.05 after Goldman Sachs upgraded its rating on the stock to "buy" from "neutral" and raised its 12-month target price to Rs 264 from R 252. Goldman cited a pick up in residential launches, a recovery in commercial property, easing interest rates, and improved outlooks for asset sales as well as for operating/financial leverage as reasons for upgrade.

Other prominent include Infosys, Hero MotoCorp and ONGC, up 1-2% each.

The from the pack were BHEL, Maruti Suzuki, Mahindra & Mahindra, Sterlite Industries and Sun Pharma Industries, down 1-2% each. Bharat Heavy Electricals Limited (BHEL) and BGR Energy Systems are trading down by 2% each on reports that the Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUN), a state government company, has scrapped EPC (Engineering, Procurement and Construction) tenders for upcoming new super critical units of Suratgarh and Chhabra thermal power stations.

The overall market breadth is marginally positive as 1,361 stocks have advanced against 1,268 declining ones, on the BSE.

Read more on:   
|
|
|

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

Quick Links

 

Market News

Nafed seeks a 12% cut in NSEL dues

Argues that NSEL procured low quality cotton resulting into losses of Rs 12 cr to Nafed

Uttarakhand to impose 2% entry tax on sugar

Move to stop units from buying commodity from Uttar Pradesh

Markets end at record closing highs

Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.

Sensex up 100 points; Infy, TCS up 2%

Sesnex is up 93 points at 26,119 and Nifty is up 18 points at 7,786 levels

Atul Limited soars over 10% on robust Q1 earnings

Q1 net profit up 48% at Rs 59.78 crore against Rs 40.45 crore in the corresponding quarter previous year.

Back to Top