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MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

All that happened in the markets

SI Reporter  |  New Delhi 

Benchmark indices rose in the last leg of trade to end higher on Tuesday despite weakness in global peers, with gains in lenders such as State Bank of India, ICICI Bank and Axis Bank. The S&P BSE Sensex ended at 33,371, up 115 points while the broader Nifty50 index settled at 10,245, up 33 points. Among sectoral indices, the Nifty PSU Bank index was up over 1.5% led by a rise in the shares of Bank of India and Bank of Baroda. Among major economic data Activity in India's manufacturing sector expanded at its weakest pace in five months in March as order and production ...

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MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Market round-up from Geojit Financial Services   Market traded range bound throughout the day due to volatility in the global market. But towards the close, pace picked up supported by moderation in yield and growth in core sector. Yield declined amid central bank allowing the banks to spread their bond trading losses which gave a positive sentiment to banking stocks. On the other hand, investors are gradually shifting focus to upcoming Q4 results and RBI policy outcome which will dictate the market outlook in the near term.

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Nifty PSU Bank index settles 1.65% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME BANK OF INDIA 108.15 104.65 3.50 3.34 10186387 SYNDICATE BANK 58.25 56.50 1.75 3.10 6535909 BANK OF BARODA 145.50 141.90 3.60 2.54 15023339 INDIAN BANK 309.20 302.10 7.10 2.35 1315036 ST BK OF INDIA 251.35 246.15 5.20 2.11 19247891

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Sectoral performers

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

BSE Sensex: Top gainers and losers of the day

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Market at close   The S&P BSE Sensex ended at 33,371, up 115 points while the broader Nifty50 index settled at 10,245, up 33 points.

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Motilal Oswal Research on Tata Chemicals As Tata Chemicals scales up its growth businesses and deleverages its balance sheet, we expect its consolidated RoCE to improve considerably, in turn driving a stock re-rating. We believe it would be fair to assign ~30% premium to its five-year average EV/EBITDA of 7.5x. Our SOTP-based target price of Rs 940 (implied EV/EBITDA of 9.7x FY20E) implies 36% upside. We initiate coverage with Buy.

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

NEWS ALERT ICICI Securities to list tomorrow

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Buzzing Stock   Centrum Capital rose 9.76% to Rs 67.50 on BSE after the company said it signed agreement to sell its money exchange business to EBIX Inc for approximately Rs 1200 crore.

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Volume Toppers COMPANY PRICE() CHG() CHG(%) VOLUME JP ASSOCIATES 19.75 0.15 0.77 5150817 IDBI BANK 72.20 1.10 1.55 4952496 REL. COMM. 22.55 0.00 0.00 4854496 SUZLON ENERGY 11.71 0.57 5.12 4551615 HIND.CONSTRUCT. 25.60 2.45 10.58 3677485

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Sector watch: Auto March 2018 was a strong month for the domestic automotive industry with robust volume growth across segments. MHCV industry volumes increased by 16-18% yoy on a relatively high base last year. Demand in rural India climbs up, which is reflected in strong demand for two-wheelers and tractors. Industry volumes in these segments increased by 18-40% yoy; all major OEMs (except Bajaj Auto) reported strong double-digit yoy volume growth.

MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

Media Q4FY18 result preview - Ad recovers; margins soft due to investments In Q4FY18, we estimate revenue and EBITDA of our media universe (excluding Hathway and Dish TV) to jump 10.4% (7.4% in Q3FY18) and 7.8% YoY (6.6% in Q3FY18), respectively. This is expected to be led by broad-based ad spends across categories and low base. We peg the overall ad industry to report low double-digit growth. Generally, subscription deals are renegotiated during Q2 and Q3. We expect subscription revenues of TV broadcasters to clock mid teens growth YoY in Q4FY18 due to bunching up of deals pending clarity on the TV tariff order. Though Q4 is seasonally weak, we estimate Q4FY18 to be a very strong quarter for multiplexes aided by strong movies like Padmavat, Sonu ki Titu ki Sweety, Raid and screen expansion. Top picks: ZEE, Sun TV and PVR (Source: Edelweiss Securities)

First Published: Tue, April 03 2018. 15:30 IST
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MARKETS ON TUESDAY: Sensex, Nifty gain in last leg of trade; PSU banks rise

All that happened in the markets

Benchmark indices rose in the last leg of trade to end higher on Tuesday despite weakness in global peers, with gains in lenders such as State Bank of India, ICICI Bank and Axis Bank. The S&P BSE Sensex ended at 33,371, up 115 points while the broader Nifty50 index settled at 10,245, up 33 points. Among sectoral indices, the Nifty PSU Bank index was up over 1.5% led by a rise in the shares of Bank of India and Bank of Baroda. Among major economic data Activity in India's manufacturing sector expanded at its weakest pace in five months in March as order and production ...

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