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MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Benchmark indices edged up on Tuesday, with financials and pharma stocks boosting sentiment

SI Reporter  |  New Delhi 

Benchmark indices edged up on Tuesday, with financials and pharma stocks boosting sentiment. That apart, Reliance Industries (RIL) gained nearly 4% in trade to end at Rs 970 levels. However, gains  were capped by a fall in metal stocks that slipped on the back of a fall in aluminium prices on the London Metal Exchange (LME). The S&P BSE Sensex ended at 34,617, up 166 points while the broader Nifty50 index settled at 10,614, up 30 points. Aluminium prices continued to fall after Washington gave US customers of Russian producer United Company Rusal more time to close ...

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MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Market rundown Vinod Nair, head of research at Geojit Financial Services:   "Market extended gains backed by index heavyweights while correction in metals & IT were due to ease in sanctions by US and tightening of H1-B visa procedure capped the gains. Investors are likely to be cautious amid surging oil prices but any green shoots from corporate results & stability in yield will determine the market direction."

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Nifty IT index falls 1.99%. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) WIPRO 286.95 297.35 -10.40 -3.50 INFOSYS 1154.50 1187.70 -33.20 -2.80 TECH MAHINDRA 682.70 702.00 -19.30 -2.75 HCL TECHNOLOGIES 1061.95 1088.00 -26.05 -2.39 KPIT TECH. 241.70 245.80 -4.10 -1.67

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Nifty Metal index ends 1.92% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) NATL. ALUMINIUM 78.60 84.85 -6.25 -7.37 HINDALCO INDS. 236.75 255.60 -18.85 -7.37 WELSPUN CORP 144.15 148.75 -4.60 -3.09 HIND.COPPER 74.65 76.65 -2.00 -2.61 VEDANTA 297.40 305.05 -7.65 -2.51

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Sectoral Trend

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

BSE Sensex: Top gainers and losers

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Market at close   The S&P BSE Sensex ended at 34,617, up 166 points while the broader Nifty50 index settled at 10,614, up 30 points.

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Logistics shares rally; Gati, Patel Integrated soar 20%   Shares logistics companies have rallied by up to 20% on bourses after the Gati said it exploring the possibility of inducting a new financial/strategic partner. Gati (Rs 121) and Patel Integrated Logistics (Rs 72) have locked in upper circuit of 20% on the BSE with no sellers were seen on these counters. READ MORE

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Fresh US tariffs haven't hit Asian markets yet: Japan steel industry head The head of Japan's steel industry federation said on Tuesday that new import tariffs on steel imposed by the United States have not yet hit the Asian steel market, but said the industry is monitoring the situation closely for any future impact.   Japanese steelmakers are trying to seek item exemptions from the US tariffs, Japan Iron and Steel Federation Chairman Kosei Shindo said at a news conference. READ MORE

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Nomura on HDFC Bank With significant dominance in retail lending, improving cost ratios and potentially lower stress in SME space going forward, we expect earnings growth of +20% to sustain over FY18-21F. We maintain our Buy rating with target price of Rs 2,350/share (which implies 3.7x FY20F book and 22x FY20F EPS)

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Emkay Global on Delta Corp The positive catalyst for the stock would be the announcement of new gaming policy by Goa government (expected in 2Q). Indian Gaming industry would expand multifold. The current PER of 30x FY20E does not factor in the benefits from new policy and/or Daman license. We maintain our BUY call with target price of Rs 294 based on 30x PER

MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Edelweiss on Crisil Though credit growth is perking up and bond market developments are positive, slowdown in SME is hurting the ratings segment. Moreover, research segment is yet to see broad-based uptick. Hence, we maintain ‘HOLD’ with target price of Rs 1,825.

First Published: Tue, April 24 2018. 15:32 IST
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MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Benchmark indices edged up on Tuesday, with financials and pharma stocks boosting sentiment

Benchmark indices edged up on Tuesday, with financials and pharma stocks boosting sentiment. That apart, Reliance Industries (RIL) gained nearly 4% in trade to end at Rs 970 levels. However, gains  were capped by a fall in metal stocks that slipped on the back of a fall in aluminium prices on the London Metal Exchange (LME). The S&P BSE Sensex ended at 34,617, up 166 points while the broader Nifty50 index settled at 10,614, up 30 points. Aluminium prices continued to fall after Washington gave US customers of Russian producer United Company Rusal more time to close ...

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