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Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

All that happened in the markets today

SI Reporter  |  New Delhi 

Markets, Stocks, Shares
A share broker monitors market 

Benchmark ended higher on Tuesday as a surprise cut in the government’s borrowing programme for the next fiscal year boosted sentiment, with lenders such as the State Bank of India among top gainers.

The S&P ended at 33,174, up 108 points while the broader Nifty50 index settled at 10,184, up 54 points.

India plans to borrow Rs 2.88 trillion ($44.46 billion) in the first half of the 2018/19 financial year that begins in April, the government said on Monday, adding it will borrow Rs 500 billion less for the full year 2018/19.

Indian government bonds also rose, posting their sharpest intraday gain in more than four years, with the 10-year bond yield dropping to as much as 7.3565 per cent from 7.62 per cent.

Meanwhile, reports of talks between the United States and China to renegotiate tariffs and trade imbalances eased trade war concerns, boosting global equities.

Asian rose, with MSCI’s broadest index of Asia-Pacific outside Japan rising 1 per cent.

Investors will also look forward to the fiscal deficit data to be released on Wednesday. Also, the expiry of the current month futures and options contracts are due on Wednesday and positions will be rolled over to next month.

 (with inputs from Reuters)

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Nifty PSU Bank ends 2.98% higher

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Top 5 sectoral performers on BSE INDEX OPEN HIGH LOW LATEST PREVIOUS CLOSE CHG (PTS) CHG (%) S&P BSE IPO 4817.96 4919.06 4817.96 4909.05 4807.48 101.57 2.11 S&P BSE METAL 13523.08 13642.88 13454.11 13598.78 13374.05 224.73 1.68 S&P BSE PSU 7831.82 7918.40 7808.33 7900.89 7771.61 129.28 1.66 S&P BSE ENHANCED VALUE INDEX 325.07 328.43 323.69 327.07 322.04 5.03 1.56 S&P BSE 250 SMALLCAP INDEX 2600.86 2633.96 2600.82 2627.70 2588.63 39.07 1.51

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

BSE Sensex top gainers and losers of the day

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Market at close   The S&P BSE Sensex ended at 33,174, up 108 points while the broader Nifty50 index settled at 10,184, up 54 points.

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Gold recoups on positive global leads, jewellers' buying Gold prices bounced back by Rs 150 to Rs 31,950 per 10 grams at the bullion market on the back of positive global trend and fresh buying by local jewellers. Silver followed suit and recovered by Rs 250 to Rs 39,750 per kg due to increased offtake from industrial units and coin makers. READ MORE

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Nestle India hits record high of Rs 8,090, up 3.5%   Nestle India hit a new high of Rs 8,090, up 3.5% on the BSE on Tuesday, surpassed its previous high of Rs 8,001 recorded on December 14, 2017.   Since February 9, 2018, the stock of packaged foods company has outperformed the market by surging 16% after reported a healthy 59.5% year-on-year (YoY) growth in net profit at Rs 3,118 million in December 2017 quarter (Q4CY17). On comparison, the S&P BSE Sensex was down 2.3% during the same period. READ MORE

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

GSK buys 36.5% stake in Novartis' consumer healthcare venture for $13 bn   GlaxoSmithKline said on Tuesday it will buy Novartis's 36.5 per cent stake in their consumer healthcare joint venture for $13 billion in cash, and will also begin a strategic review of some other businesses.   GSK last week quit the race to buy Pfizer's consumer healthcare business, endangering an auction the US drugmaker hoped would bring in as much as $20 billion.   Instead it will take full control of the Novartis venture formed in 2015 whose products include Sensodyne toothpaste, Panadol headache tablets, muscle gel Voltaren, and Nicotinell patches used by smokers who want to quit their habit.  READ MORE

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Buzzing Stock United Spirits rose for a third straight session today quoting at Rs 3212, up 3.36% on the day on the NSE. United Spirits Ltd is up 46.85% in last one year as compared to a 11.85% gain in NIFTY and a 11.89% gain in the Nifty FMCG index.

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Fortis Healthcare falls after clarification on merger report Fortis Healthcare has dipped 3.5% to Rs 142, falling 8% from intra-day high of Rs 154 on the BSE, after the company said that the merger of hospital chains of Fortis and Manipal is still under evaluation by the management and no firm decision in this regard has been taken by the board. READ MORE

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Reliance Securities on Apollo Tyres   BUY with Target Price of Rs 335   ATL currently enjoys ~28% market share in the TBR segment. As radialisation forms only 45% of domestic TB tyre market, we see a significant scope for radialisation in the domestic CV segment, which would benefit manufacturers like ATL, going forward. Further, steady stabilisation in Hungarian operations and gradual increase in contribution from OEM segment are likely to aid profitability further.

Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

Market Check   S&P BSE Sensex 33,217.41 0.46%   Nifty 50 10,188.50 0.57%   S&P BSE 200 4,463.61 0.73%   Nifty 500 8,982.35 0.76%   S&P BSE Mid-Cap 16,071.26 1.20%   S&P BSE Small-Cap 17,163.01 1.42%

First Published: Tue, March 27 2018. 15:31 IST
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Sensex ends 108 pts higher, Nifty comfortably above 10,150; PSU banks gain

All that happened in the markets today

Benchmark ended higher on Tuesday as a surprise cut in the government’s borrowing programme for the next fiscal year boosted sentiment, with lenders such as the State Bank of India among top gainers.

The S&P ended at 33,174, up 108 points while the broader Nifty50 index settled at 10,184, up 54 points.

India plans to borrow Rs 2.88 trillion ($44.46 billion) in the first half of the 2018/19 financial year that begins in April, the government said on Monday, adding it will borrow Rs 500 billion less for the full year 2018/19.

Indian government bonds also rose, posting their sharpest intraday gain in more than four years, with the 10-year bond yield dropping to as much as 7.3565 per cent from 7.62 per cent.

Meanwhile, reports of talks between the United States and China to renegotiate tariffs and trade imbalances eased trade war concerns, boosting global equities.

Asian rose, with MSCI’s broadest index of Asia-Pacific outside Japan rising 1 per cent.

Investors will also look forward to the fiscal deficit data to be released on Wednesday. Also, the expiry of the current month futures and options contracts are due on Wednesday and positions will be rolled over to next month.

 (with inputs from Reuters)

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