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MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

The domestic indices ended higher on Tuesday, led by gains in FMCG and realty indices.

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SI Reporter  |  New Delhi 

The domestic indices ended marginally  higher on Tuesday, led by gains in FMCG and realty indices. The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points. Among sectoral indices, the Nifty Realty index was over 1% higher led by a rise in the shares of Godrej Properties and Indiabulls Real Estate. That apart, investor sentiments were positive during the day following the forecast of a normal monsoon this year by the India Meteorological Department (IMD). Releasing its first forecast for the southwest ...

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MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Nifty Realty Index ends 1.19% higher. Top gainers:  COMPANY LATEST PREV CLOSE GAIN() GAIN(%) GODREJ PROPERT. 764.20 725.60 38.60 5.32 PHOENIX MILLS 585.80 573.50 12.30 2.14 INDBULL.REALEST. 194.75 191.75 3.00 1.56 DLF 216.90 214.50 2.40 1.12

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Sectoral Trend

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

BSE Sensex: gainers and losers of the day

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Market at close   The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points.

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Nifty Highlights MRF hits new high touches Rs 80,000 Stock Quote:  

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Hotel stocks rally; Taj GVK, Royal Orchid, EIH zoom over 15% Shares of hotel companies have rallied by up to 20% in otherwise range-bound market with 8 out of 15 top gainers from the hotel sector. Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels & Resorts (India), Kamat Hotels (India) and Viceroy Hotels were up between 12% and 20% on the BSE. READ MORE

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Steel Strips Wheels hits record high on repeat export order   Shares of Steel Strips Wheels (SSWL) was up 4% to Rs 1,269 per share, also its record high on the BSE in intra-day trade, after the company bagged repeat order of 41,000 caravan wheels from Europe.   “The company bagged yet another big exports order for supply of steel wheels for EU Caravan market. Order comprises of approx. 41,000 steel wheels to be shipped from the company’s Chennai plant from next month onwards,” SSWL said in a regulatory filing. READ MORE

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

FMCG stocks in focus: HUL, Britannia, Nestle India hit new highs   Shares of fast moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), Britannia Industries, Nestle India and Jubilant FoodWorks have hit their respective new highs on the BSE on expectation of good profit growth.   Thus far in the month of April, all these four stocks have outperformed the market by gaining in the range of 8% to 9% on the BSE. On comparison, the S&P BSE Sensex and S&P BSE FMCG index were up 4% and 5%, respectively. READ MORE

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Favourable monsoon forecast may have limited impact on markets: here's why   The S&P BSE Sensex has given average returns of 29.75 per cent during below-normal rainfall years – those in which rainfall is at least 10 per cent short of the long-period average (LPA), according to the India Meteorological Department.   The Sensex was up 13.08 per cent in 2004, when rainfall fell 13 per cent of the LPA. It rebounded 81.03 per cent in 2009 after the global financial crises, when rainfall fell short by 22 per cent. It again rose 29.89 per cent in 2014, when rains fell short by 12 per cent. The only exception was 2015, when the index fell 5.03 per cent, even as rainfall fell 14 per cent short. READ MORE Monsoon. (Photo: Shutterstock)

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Banking sector preview Q4FY18: HDFC and IndusInd banks remain top picks   Banking stocks had a roller coaster ride over the last few months. Cases of fraud have changed the way banking sector was looked at. While the fraud related cases are restricted to a few banks as of now, the fear that more issues could come up has made investors looking at the true book value of banks in a more prudent way. The biggest question is, what is the true book value of banks adjusting for all the stressed assets?   While the sector was already struggling with the above issues the rising bond created further trouble. However, the regulators’ last move of allowing banks to amortize MTM losses on bonds over four quarters brings in some relief. The move could leave banks with relatively higher income which could be used for providing bad assets that might come up during the quarter. While this comes as a near-term relief the bond yields in India is unlikely to soften further in the coming months. READ MORE

MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

Market Check S&P BSE Sensex 34,337.76 0.09%   Nifty 50 10,531.45 0.03%   S&P BSE 200 4,631.68 0.09%   Nifty 500 9,316.10 0.05%   S&P BSE Mid-Cap 16,746.79 0.07%   S&P BSE Small-Cap 18,126.06 0.24%

First Published: Tue, April 17 2018. 15:30 IST
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MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

The domestic indices ended higher on Tuesday, led by gains in FMCG and realty indices.

The domestic indices ended marginally  higher on Tuesday, led by gains in FMCG and realty indices. The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points. Among sectoral indices, the Nifty Realty index was over 1% higher led by a rise in the shares of Godrej Properties and Indiabulls Real Estate. That apart, investor sentiments were positive during the day following the forecast of a normal monsoon this year by the India Meteorological Department (IMD). Releasing its first forecast for the southwest ...

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