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Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

All that happened in the market today

SI Reporter  |  New Delhi 

Sensex, Nifty rose on Tuesday amid choppy trade led by financial and IT stocks, but the gains were capped as material stocks such as Vedanta stumbled on losses in Chinese iron ore prices. IT stocks rose after three sessions of falls, with the Nifty IT index up over 1 per cent. Infosys advanced 1.7 per cent, while Tech Mahindra rose over 4 per cent. Meanwhile, metal stocks slipped as Chinese iron ore prices fell further, a day after posting their biggest daily drop in almost 10 months. The Nifty metal index fell as much as 2.5 per cent in intra-day deals but later trimmed ...

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Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Market rundown by Nikhil Kamath, Co-Founder and Head of Trading, Zerodha   Markets opened lower in  trade Tuesday on the back of weaker global cues; the downtick was soon bought into with markets rallying post 10 am to close up for the session overall. Banks were weak in trade today, with public sector banks underperforming again, Oil marketing companies were weak in trade today, whereas auto and metals were the best performers of the session.   Overall markets seem to have reached oversold territory in the short term, and we would recommend entering fresh positions at this juncture with a long-term view towards portfolio building."

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Nifty IT index ends 1.51% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME TECH MAHINDRA 634.90 609.90 25.00 4.10 3262256 KPIT TECH. 231.65 226.20 5.45 2.41 2490492 INFOSYS 1169.40 1146.75 22.65 1.98 4169811 WIPRO 293.90 288.65 5.25 1.82 2676359 TCS 2870.15 2831.00 39.15 1.38 1963055

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Sectoral Trend

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

BSE Sensex: Tata Steel top gainer of the day, ONGC top loser

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Market at close   The S&P BSE Sensex ended at 32,997, up 74 points while the broader Nifty50 index settled at 10,124, up 30 points.

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

I-T Dept says no to Sebi plea for tax exemption for unified broking licence Indian tax authorities are not willing to concede the request of market regulator Securities and Exchange Board of India (Sebi) to provide one-time tax exemption to trading members of stock and commodity exchanges to do both businesses under one entity. READ MORE

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

PNB woes spur Goldman to downgrade India's economic growth forecasts Investment bank Goldman Sachs downgraded its forecasts for India's economy on Tuesday in the wake of a more than $2 billion fraud at Punjab National Bank, warning it could spark tighter regulation of the banking sector that would constrain credit growth. In a note to clients, Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 percent from 8 percent earlier. READ MORE

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Gold rebounds on jewellers' buying Gold prices bounced back by Rs 210 to Rs 31,390 per 10 grams at the bullion market today on fresh buying by local jewellers, shrugging off a weak trend overseas. READ MORE

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Europe Trade European markets edged higher as investors focused on earnings ahead of a Federal Reserve meeting.   The pan-European Stoxx 600 was 0.32 per cent higher with almost every sector trading in positive territory.   Investors were monitoring a Federal Reserve meeting that starts today. The central bank is expected to announce a rate hike, which could have repercussions in the bond and equity markets.

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

USFDA approvals can unlock $1 bn biosimilar business for Biocon in the US   Biocon Ltd, the only Indian drugmaker to win approval to sell copies of a biologic drug in the US, expects its business in that nascent sector will generate $1 billion in revenue by 2025 as it clears further regulatory hurdles this year.   The company’s other leading drug candidates are back on track for approval after hiccups in the US and Europe, said Managing Director Kiran Mazumdar-Shaw in an interview. Biocon is also exploring the sale of part of its stake in its publicly traded contract research arm, Syngene International Ltd., to fund its growing ambitions in the biologics business, she said. The stake is worth about $1.2 billion. READ MORE

Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

Most active stocks by value COMPANY PRICE() CHG() CHG(%) VALUE( CR) TATA STEEL 593.45 18.40 3.20 68.23 INFOSYS 1161.30 14.15 1.23 61.14 EDELWEISS.FIN. 253.65 0.30 0.12 56.69 KOTAK MAH. BANK 1047.10 -4.25 -0.40 55.34 ICICI BANK 291.80 -3.20 -1.08 53.66

First Published: Tue, March 20 2018. 15:30 IST
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Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain

All that happened in the market today

Sensex, Nifty rose on Tuesday amid choppy trade led by financial and IT stocks, but the gains were capped as material stocks such as Vedanta stumbled on losses in Chinese iron ore prices. IT stocks rose after three sessions of falls, with the Nifty IT index up over 1 per cent. Infosys advanced 1.7 per cent, while Tech Mahindra rose over 4 per cent. Meanwhile, metal stocks slipped as Chinese iron ore prices fell further, a day after posting their biggest daily drop in almost 10 months. The Nifty metal index fell as much as 2.5 per cent in intra-day deals but later trimmed ...

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