You are here: Home » News-CM » Equities » Market Report
Business Standard

Auto, realty stocks gain

Capital Market 

Key benchmark indices extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P Sensex, was up 176.13 points or 0.67% at 26,526.30. The 50 index was currently up 51.80 points or 0.64% at 8,178.70. Gains were led by index heavyweights and Industries (RIL).

Overseas, most Asian stocks fell ahead of key global events set to take place this week, including a meeting tomorrow, 30 November 2016 between the world's largest oil producers and the release of the US nonfarm payroll report on Friday, 2 December 2016. US stocks declined yesterday, 28 November 2016 for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.

Closer home, the broad market depicted strength. There were more than three gainers against every loser on BSE. 1,475 shares rose and 418 shares declined. A total of 85 shares were unchanged. The Mid-Cap index was currently up 0.89%. The Small-Cap index was currently up 1.03%. Both these indices outperformed the Sensex.

Index heavyweight and housing finance major advanced 2.86% to Rs 1,282.95. The stock hit high of Rs 1,283 and low of Rs 1,244 so far during the day.

Index heavyweight Industries (RIL) rose 1.54% to Rs 1,001.65. The stock hit high of Rs 1,001.90 and low of Rs 987.10 so far during the day.

Auto stocks gained on renewed buying. Maruti Suzuki India (up 2.26%), Mahindra & Mahindra (M&M) (up 1.56%), Eicher Motors (up 3.39%), Ashok Leyland (up 2.79%), (up 0.4%), Hero MotoCorp (up 0.15%), Tata Motors (up 0.14%) and TVS Motor Company (up 0.92%) rose.

Realty stocks advanced. DLF (up 2.26%), Indiabulls Real Estate (up 1.31%), Housing Development and Infrastructure (up 3.22%), D B Realty (up 1.76%), Unitech (up 1.63%), Sobha (up 1.12%), Godrej Properties (up 0.44%), Oberoi Realty (up 1.3%) and Parsvnath Developers (up 0.56%) rose. Prestige Estates Projects shed 0.39%.

Timken India rose 3.98% after net profit rose 41.11% to Rs 29.86 crore on 7.27% rise in net total income from operations to Rs 296.75 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 28 November 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Auto, realty stocks gain

Key benchmark indices extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was up 176.13 points or 0.67% at 26,526.30. The Nifty 50 index was currently up 51.80 points or 0.64% at 8,178.70. Gains were led by index heavyweights HDFC and Reliance Industries (RIL).

Key benchmark indices extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P Sensex, was up 176.13 points or 0.67% at 26,526.30. The 50 index was currently up 51.80 points or 0.64% at 8,178.70. Gains were led by index heavyweights and Industries (RIL).

Overseas, most Asian stocks fell ahead of key global events set to take place this week, including a meeting tomorrow, 30 November 2016 between the world's largest oil producers and the release of the US nonfarm payroll report on Friday, 2 December 2016. US stocks declined yesterday, 28 November 2016 for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.

Closer home, the broad market depicted strength. There were more than three gainers against every loser on BSE. 1,475 shares rose and 418 shares declined. A total of 85 shares were unchanged. The Mid-Cap index was currently up 0.89%. The Small-Cap index was currently up 1.03%. Both these indices outperformed the Sensex.

Index heavyweight and housing finance major advanced 2.86% to Rs 1,282.95. The stock hit high of Rs 1,283 and low of Rs 1,244 so far during the day.

Index heavyweight Industries (RIL) rose 1.54% to Rs 1,001.65. The stock hit high of Rs 1,001.90 and low of Rs 987.10 so far during the day.

Auto stocks gained on renewed buying. Maruti Suzuki India (up 2.26%), Mahindra & Mahindra (M&M) (up 1.56%), Eicher Motors (up 3.39%), Ashok Leyland (up 2.79%), (up 0.4%), Hero MotoCorp (up 0.15%), Tata Motors (up 0.14%) and TVS Motor Company (up 0.92%) rose.

Realty stocks advanced. DLF (up 2.26%), Indiabulls Real Estate (up 1.31%), Housing Development and Infrastructure (up 3.22%), D B Realty (up 1.76%), Unitech (up 1.63%), Sobha (up 1.12%), Godrej Properties (up 0.44%), Oberoi Realty (up 1.3%) and Parsvnath Developers (up 0.56%) rose. Prestige Estates Projects shed 0.39%.

Timken India rose 3.98% after net profit rose 41.11% to Rs 29.86 crore on 7.27% rise in net total income from operations to Rs 296.75 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 28 November 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Auto, realty stocks gain

Key benchmark indices extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P Sensex, was up 176.13 points or 0.67% at 26,526.30. The 50 index was currently up 51.80 points or 0.64% at 8,178.70. Gains were led by index heavyweights and Industries (RIL).

Overseas, most Asian stocks fell ahead of key global events set to take place this week, including a meeting tomorrow, 30 November 2016 between the world's largest oil producers and the release of the US nonfarm payroll report on Friday, 2 December 2016. US stocks declined yesterday, 28 November 2016 for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.

Closer home, the broad market depicted strength. There were more than three gainers against every loser on BSE. 1,475 shares rose and 418 shares declined. A total of 85 shares were unchanged. The Mid-Cap index was currently up 0.89%. The Small-Cap index was currently up 1.03%. Both these indices outperformed the Sensex.

Index heavyweight and housing finance major advanced 2.86% to Rs 1,282.95. The stock hit high of Rs 1,283 and low of Rs 1,244 so far during the day.

Index heavyweight Industries (RIL) rose 1.54% to Rs 1,001.65. The stock hit high of Rs 1,001.90 and low of Rs 987.10 so far during the day.

Auto stocks gained on renewed buying. Maruti Suzuki India (up 2.26%), Mahindra & Mahindra (M&M) (up 1.56%), Eicher Motors (up 3.39%), Ashok Leyland (up 2.79%), (up 0.4%), Hero MotoCorp (up 0.15%), Tata Motors (up 0.14%) and TVS Motor Company (up 0.92%) rose.

Realty stocks advanced. DLF (up 2.26%), Indiabulls Real Estate (up 1.31%), Housing Development and Infrastructure (up 3.22%), D B Realty (up 1.76%), Unitech (up 1.63%), Sobha (up 1.12%), Godrej Properties (up 0.44%), Oberoi Realty (up 1.3%) and Parsvnath Developers (up 0.56%) rose. Prestige Estates Projects shed 0.39%.

Timken India rose 3.98% after net profit rose 41.11% to Rs 29.86 crore on 7.27% rise in net total income from operations to Rs 296.75 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 28 November 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard