ALSO READMARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark MARKETS ON WEDNESDAY: Indices end flat, Nifty holds 10,400; OMCs fall MARKETS ON FRIDAY: Sensex ends flat, Nifty holds 10,300; PSU banks gain MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise MARKETS ON MONDAY: Sensex ends 286 pts higher, Nifty reclaims 10,200
BSE Sensex: gainers and losers of the day Market at close The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points. Nifty Highlights MRF hits new high touches Rs 80,000 Stock Quote: Hotel stocks rally; Taj GVK, Royal Orchid, EIH zoom over 15% Shares of hotel companies have rallied by up to 20% in otherwise range-bound market with 8 out of 15 top gainers from the hotel sector. Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels & Resorts (India), Kamat Hotels (India) and Viceroy Hotels were up between 12% and 20% on the BSE. READ MORE Steel Strips Wheels hits record high on repeat export order Shares of Steel Strips Wheels (SSWL) was up 4% to Rs 1,269 per share, also its record high on the BSE in intra-day trade, after the company bagged repeat order of 41,000 caravan wheels from Europe. “The company bagged yet another big exports order for supply of steel wheels for EU Caravan market. Order comprises of approx. 41,000 steel wheels to be shipped from the company’s Chennai plant from next month onwards,” SSWL said in a regulatory filing. READ MORE FMCG stocks in focus: HUL, Britannia, Nestle India hit new highs Shares of fast moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), Britannia Industries, Nestle India and Jubilant FoodWorks have hit their respective new highs on the BSE on expectation of good profit growth. Thus far in the month of April, all these four stocks have outperformed the market by gaining in the range of 8% to 9% on the BSE. On comparison, the S&P BSE Sensex and S&P BSE FMCG index were up 4% and 5%, respectively. READ MORE
The domestic indices ended marginally higher on Tuesday, led by gains in FMCG and realty indices.
The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points.
Among sectoral indices, the Nifty Realty index was over 1% higher led by a rise in the shares of Godrej Properties and Indiabulls Real Estate.
That apart, investor sentiments were positive during the day following the forecast of a normal monsoon this year by the India Meteorological Department (IMD).
Releasing its first forecast for the southwest monsoon, the IMD said rainfall in June-September was projected at 97 per cent of the long period average (LPA), with a model error of plus and minus 5 per cent. If monsoon rains lift farm output, it can boost demand for consumer goods as it raises incomes of rural people.
Asia stocks rose modestly on Tuesday following data showing China's economy grew a little faster than expected in the first quarter.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.05 per cent. South Korea's KOSPI dipped 0.1 per cent and Hong Kong's Hang Seng gained 0.15 per cent. Shanghai rose 0.15 per cent and Japan's Nikkei was flat.
(with Reuters inputs)