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MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Benchmark indices ended higher on Thursday on the back of gains in metal stocks

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Markets

SI Reporter  |  New Delhi 

Benchmark indices ended higher on Thursday on the back of gains in metal stocks as global aluminium prices soared, while the country’s biggest software services exporter, Tata Consultancy Services, rose ahead of its results. The NSE metal index jumped as much as 4.2% as aluminium prices on the London Metal Exchange surged 5% to their highest in almost seven years on Thursday. Investors cheered March-quarter results of IT firm Mindtree, sending the shares to their all-time high, while cement maker ACC climbed to a five-week high after reporting a 19% jump in ...

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MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Nifty Metal Index ends 4.52% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) HIND.COPPER 80.00 71.40 8.60 12.04 HINDALCO INDS. 264.50 242.80 21.70 8.94 NATL. ALUMINIUM 87.10 80.15 6.95 8.67 VEDANTA 310.45 291.10 19.35 6.65 WELSPUN CORP 151.75 143.25 8.50 5.93

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Sectoral Performers

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

BSE Sensex: Tata Steel, Yes Bank among top gainers, Axis Bank top loser

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Market at close   The S&P BSE Sensex ended at 34,427, up 96 points while the broader Nifty50 index settled at 10,565, up 39 points.

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Idea Cellular hits 52-week low; stock falls 35% in 2018 Idea Cellular hit a 52-week low of Rs 70, down 2% on the BSE, on concerns of delay in merger between the company and Vodafone India. The stock of telecom services provider trading at its lowest level since January 20, 2017, has fallen 35% thus far in the current calendar year 2018. READ MORE

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Vedanta's Electrosteel buy is value-accretive; move to buoy earnings Mining major Vedanta has taken a step towards adding steel to its armoury, which is expected to buoy its value and earnings.   With the company’s resolution plan for acquisition of Electrosteel Steels being approved by the National Company Law Tribunal, Vedanta will be acquiring a 90 per cent stake in the latter. READ MORE

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

EARNINGS HDFC life Q4 PAT up 24% at Rs 11 billion in FY18; total premiums rise 21%   HDFC Standard Life Insurance Company Ltd (HDFC Life) has posted net profit growth of 24 per cent for FY18 to Rs 11.1 billion, compared with Rs 8.9 billion in FY 17. New Business Premium for HDFC Life rose to Rs 113.5 billion for FY18, a 32 per cent increase from Rs 86.2 billion in FY17.   For the fourth quarter ended March 31, 2018, the company’s net profit rose 40.4 per cent to Rs 3.5 billion as compared to the same quarter last fiscal. READ MORE IMPACT

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

EARNINGS IMPACT ACC climbs to 5-week high on strong Q4 earnings   Shares of cement maker ACC climb as much as 3% to Rs 1,620, highest since March 14 in intra-day trade today on strong Q4 results.   Company said on Wednesday its March-quarter profit rose 19% to Rs 2.5 billion. ACC reported better-than-expected quarter as cost pressure from high petroleum coke prices, higher freight was not fully reflected.

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

EARNINGS IndusInd Bank Q4 profit jumps 27 per cent   IndusInd Bank Ltd posted a nearly 27 per cent surge in its fourth-quarter net profit on Thursday, driven by higher interest income.   Net profit climbed to Rs 9.53 billion ($144.9 million) in the quarter ended March 31, from Rs 7.52 billion a year ago, IndusInd Bank, the country’s sixth-largest private lender by assets, said.

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Midhani zooms 82% in 7 days post signing of 2 pacts in Defexpo India 2018 Shares of Mishra Dhatu Nigam (Midhani) are locked in upper circuit of 10% for the second straight day, rising to Rs 169 per share on the BSE after the company said it has signed two pacts in Defexpo India-2018. READ MORE  

MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Market Check   S&P BSE Sensex 34,401.93 0.20%   Nifty 50 10,557.70 0.30%   S&P BSE 200 4,646.18 0.34%   Nifty 500 9,346.50 0.37%   S&P BSE Mid-Cap 16,847.26 0.47%   S&P BSE Small-Cap 18,141.58 0.42%

First Published: Thu, April 19 2018. 15:30 IST
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MARKETS ON THURSDAY: Indices end higher, Sensex up 96 points; metals rise

Benchmark indices ended higher on Thursday on the back of gains in metal stocks

Benchmark indices ended higher on Thursday on the back of gains in metal stocks as global aluminium prices soared, while the country’s biggest software services exporter, Tata Consultancy Services, rose ahead of its results. The NSE metal index jumped as much as 4.2% as aluminium prices on the London Metal Exchange surged 5% to their highest in almost seven years on Thursday. Investors cheered March-quarter results of IT firm Mindtree, sending the shares to their all-time high, while cement maker ACC climbed to a five-week high after reporting a 19% jump in ...

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