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MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Markets gained ground on Monday, tracking Asian peers, after tepid US jobs data on Friday

SI Reporter  |  New Delhi 

Markets gained ground on Monday, tracking Asian peers, after tepid US jobs data on Friday eased fears of faster rate hikes by the US Federal Reserve (US Federal Reserve). The S&P BSE Sensex ended at 35,208, up 293 points while the broader Nifty50 index settled at 10,715, up 97 points. The US jobs report for April showed unemployment dropping to a 17-1/2 year low of 3.9 per cent but wages barely improved, suggesting the US Fed would keep raising rates but at a gradual pace. However, analysts said crude oil prices and the rupee would be the other key factors affecting markets ...

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MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Nifty Metal index climbs 1.68%. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) WELSPUN CORP 150.00 140.25 9.75 6.95 JINDAL STEEL 255.75 240.65 15.10 6.27 S A I L 74.95 72.35 2.60 3.59 JSW STEEL 326.70 317.40 9.30 2.93 HINDALCO INDS. 237.80 231.35 6.45 2.79

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Nifty PSU Bank index ends 2.18% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) INDIAN BANK 321.35 310.00 11.35 3.66 BANK OF BARODA 143.55 139.90 3.65 2.61 CANARA BANK 262.05 255.60 6.45 2.52 PUNJAB NATL.BANK 93.65 91.55 2.10 2.29 ALLAHABAD BANK 48.30 47.25 1.05 2.22

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Sectoral gainers and losers of the day

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

BSE Sensex: M&M, ICICI Bank top gainers of the day, Coal India top loser

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Market at close   The S&P BSE Sensex ended at 35,208, up 293 points while the broader Nifty50 index settled at 10,715, up 97 points.

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Suven Life up 6% as Pashamylaram's unit completes USFDA inspection Suven Life Sciences has moved higher by 6% to Rs 192 on the BSE in noon deal after the company’s Pashamylaram’s unit successfully completed the United States Food and Drug Administration (USFDA) inspection.   So far Suven Life Sciences has filed 19 DMF’s (Drug Master File) and 5 ANDA’s (Abbreviated New Drug Application) from this facility which is FDA complaint under Current Good Manufacturing Processes (cGMP) and continued after renewal inspection. READ MORE

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Reliance Infra surges 8% after bagging Versova-Bandra Sea Link contract Shares of Anil Dhirubhai Ambani Group (ADAG) companies were in focus, trading higher by up to 8% on the BSE on back of heavy volumes. Reliance Infrastructure, Reliance Power, Reliance Capital, Reliance Naval and Engineering and Reliance Communications were up in the range of 2% to 8% on the BSE. READ MORE

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Screen additions, ad growth, ticket prices bode well for PVR's FY19 show   India’s largest film exhibitor put out a strong March quarter performance, beating Street estimates on all counts. Revenues were up 19 per cent over the year-ago period. primarily on account of higher average ticket prices, which increased by 10 per cent, and 5 per cent more footfalls.   Footfalls on a comparable basis however fell by 2 per cent on account of a strike by South Indian film producers and issues concerning the release of Padmavat in certain states. Had it not been for the two issues, comparable footfalls would have been up 8 per cent. READ MORE

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

INDEX WATCH Index Current Pt. Change % Change   S&P BSE SENSEX 35,222.85 +307.47 +0.88   S&P BSE SENSEX 50 11,217.45 +96.88 +0.87   S&P BSE SENSEX Next 50 34,121.57 +261.63 +0.77   S&P BSE 100 11,092.14 +94.14 +0.86   S&P BSE Bharat 22 Index 3,599.08 +52.10 +1.47 (Source: BSE)

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

BS SPECIAL Sebi order on extending derivative trading: Key takeaways and challenges In a move aimed at attracting investors dealing in Indian products on foreign exchanges in Singapore and Dubai, the Securities and Exchange Board of India (Sebi) on Friday allowed domestic stock exchanges to extend equity derivatives trading until 11.55 pm. Deven Choksey, managing director of KR Choksey Investment Managers, looks at the Sebi order and explains the key takeaways. READ MORE

MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Reliance Securities on CEAT We expect CEAT to witness a healthy traction over next two years on account of new capacities, favourable product-mix, sound distribution reach and trengthening brand equity. On the flip side, likely spike in input prices from 1QFY19 (as guided by the Management) led by recent surge in crude prices along with addition of large debts in B/S due to high capex in FY19E may prove to be major headwinds for CEAT in term. In view of healthy business prospects, good management capability and valuation comfort post recent price correction, we maintain our BUY recommendation on the stock with a revised Target Price of Rs1,750 (from Rs1,850 earlier).

First Published: Mon, May 07 2018. 15:30 IST
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MARKETS ON MONDAY: Nifty ends above 10,700, Sensex up 293 pts; metals gain

Markets gained ground on Monday, tracking Asian peers, after tepid US jobs data on Friday

Markets gained ground on Monday, tracking Asian peers, after tepid US jobs data on Friday eased fears of faster rate hikes by the US Federal Reserve (US Federal Reserve). The S&P BSE Sensex ended at 35,208, up 293 points while the broader Nifty50 index settled at 10,715, up 97 points. The US jobs report for April showed unemployment dropping to a 17-1/2 year low of 3.9 per cent but wages barely improved, suggesting the US Fed would keep raising rates but at a gradual pace. However, analysts said crude oil prices and the rupee would be the other key factors affecting markets ...

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