ALSO READMarkets end at the new closing high,Nifty settles above 10650; Infosys flat Sensex ends 176 pts higher, Nifty regains 10,500; PSU banks, metals rally Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season Nifty fails to hold above 9,900; BSE Midcap, Smallcap hit fresh highs Sensex ends flat, Nifty below 9,800; broader markets underperform
- Can't Say
Nifty Bank hits record high Sectoral Trends Sensex top gainers and losers Market at close Benchmark indices ended at record closing highs on Monday led by stocks of private lenders, with better than expected growth in a global equities and industrial output rally boosting sentiment. The S&P BSE Sensex ended at 34,843, up 251 points while the broader Nifty-50 index settled the day at 10,741, up 60 points PE investments jump 55% to all-time high of $24 bn across 591 deals in 2017 Private equity firms invested $23.8 billion across 591 deals in 2017, making it the biggest year for PE investments in India, says a report. According to deal tracker Venture Intelligence, the investment value is 39 per cent higher than the previous high of $17.1 billion (recorded in 2015) and 55 per cent higher than $15.4 billion invested during 2016. Read more Infosys Q3 results: Volume growth provides stability to performance The third quarter results of FY18 results for all IT companies will be driven by seasonality and hence will be muted as compared to the results posted in H1FY2018. We expect the top-tier companies to grow 0.9-2.5% Q-o-Q, during the quarter. Infosys was not expected to deliver any extraordinary results for the quarter, especially when the company had already downgraded its full-year guidance to 5.5-6.5% y-o-y CC growth, which implies an ask rate of 0.4-1.6% CC Q-o-Q growth for H2FY2018. For the quarter, we went with the expectations that the company will post 1% sequential growth in US dollar revenues to $2,755 million. EBITDA margins were expected to show a downtick of about 7bps Q-o-Q to 26.7%, while EBIT was expected to have a downtick of 39 bps Q-o-Q to end the period at 23.8%, towards the lower end of the guided 23-25%. Consequently, PAT was expected to be at Rs 35.9 billion, a dip of 3.7% Q-o-Q. Read more
Meanwhile, Inflation based on wholesale prices eased to 3.58% in December 2017 as prices of food articles declined even as fuel cost witnessed a surge. The inflation was 3.93% in November 2017 and 2.10% in December 2016.