Nifty ends above 11,050 for the first time, Sensex settles over 36,100

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3:48 PM

You can get live updates of PM Modi address to opening session of WEF 2018 HERE

3:43 PM

PSU Banks gains, index up 4%

3:40 PM

Top sectoral gainer: Nifty Metal index

3:40 PM

COMMENT: Arun Thukral, MD and CEO of Axis Securities

 

Barring few overhangs like crude oil at two-year high, inflation at the upper end of RBI’s comfort zone, slight slippage expected on fiscal front in the forthcoming budget, and probable geopolitical risks, we continue to remain bullish on Indian economy and markets over the next 3 to 5-year investment horizon. Given the potential and the growth trajectory, Indian markets have a long way to go. Owing to the sharp rise in the index, we would advise our clients to undertake more due diligence and keep invested in quality stocks

3:37 PM

Sectoral Trend

3:35 PM

Sensex Top gainers and losers

3:34 PM

Markets at Close

 

The NSE Nifty on Tuesday sailed past the 11,000 mark, while the BSE Sensex breached the 36,000 level for the first time after an International Monetary Fund (IMF) report showed India was set to regain the title as the world’s fastest growing major economy in 2018-19.

 

The S&P BSE Sensex ended at 36,139, up 341 points while the broader Nifty50 index settled at 11,083, up 117 points.

3:21 PM

Centre's FY19 capex may rise 16% to Rs 3.6 trn, as pvt sector remains shy

 

Finance Minister Arun Jaitley is looking at yet another year of the Central Government and state-owned companies carrying a bulk of infrastructure spending. The Centre’s capital expenditure for 2018-19 could be at least Rs 3.6 trillion (Rs 3.6 lakh crore), about Rs 510 billion (RS 51,000 crore) or 16 per cent higher than 2017-18 budgeted estimates of Rs 3.09 trillion (Rs 3.09 lakh crore).

 

For PSUs and the Centre combined, the capex target is easily expected to cross Rs 4.2 trillion (Rs 4.2 lakh crore), Business Standard has learnt. This would be the highest for any given year, and would surpass the previous high by a wide margin. READ MORE

3:10 PM

HUL, ITC results decoded: Green shoots begin to show in consumer goods

 

The quarterly performance of majors Hindustan Unilever (HUL) and ITC for the three months ended December 2017 point to a resurgence in the domestic consumer goods market.

 

HUL reported an 11% volume and revenue growth, respectively for the December quarter, while ITC reported a nearly 12% revenue growth in its other FMCG business for the period. The company does not report quarterly volume growth for this business, which excludes cigarettes. It includes foods, personal care, lifestyle & retail and education and stationary products. CLICK HERE FOR FULL STORY

3:02 PM

ONGC nears 52-week high; stock up 7% in two days post HPCL deal

 

Oil and Natural Gas Corporation (ONGC) was up 4% to Rs 208, extending its Monday’s 3% gain on BSE, after the company said it will acquire the 51.1% government stake in Hindustan Petroleum Corporation (HPCL) at a cost of Rs 369.15 billion.

 

The stock is trading close to its 52-week high of Rs 212 touched on January 31, 2017 in intra-day trade. READ MORE