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MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

All that happened in the markets today.

SI Reporter  |  New Delhi 

The domestic markets ended higher on Monday taking cues from their Asian counterparts. The S&P BSE Sensex ended at 33,788, up 162 points while the broader Nifty50 index settled at 10,379, up 48 points. Among sectoral indices, the Nifty FMCG index ended 1.13% up led by a rise in the shares of Marico and ITC. Asian shares edged higher on Monday as a bounce in US stock futures soothed sentiment even as US President Donald Trump kept up his twitter war with China over trade just a couple of days before Chinese President Xi Jinping gives a keynote speech. MSCI's broadest ...

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MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

MARKET COMMENT With a broader view, we would reiterate that worse is not over yet for our markets. What we saw on Monday was just a relief rally and hence, one needs to keep booking timely profits and ideally should stay light on positions (Source: Angel Broking)

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

Allegations against ICICI Bank pose reputational risks: Fitch An investigation into allegations that India's ICICI Bank (BBB-/Stable/bbb-) extended a loan with a potential conflict of interest raises questions over the bank's governance and creates reputational risks, says Fitch Ratings. Other regulatory sanctions are also possible, depending on the outcome of the investigation.   The allegation relates to a $500 million loan to Videocon Group, whose controlling shareholder co-founded a separate company with the spouse of ICICI's CEO. A significant portion of the loan has since become non-performing. ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks. The bank has stressed that it has not given any credit to the borrower group outside of the consortium. Nevertheless, the presence of the bank's CEO on this credit committee - and the bank's reluctance to support an independent probe - have, in our opinion, created doubts over the strength of its corporate governance practices.  (Source: Fitch release)

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

Top gainers in Nifty Bank index: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) AXIS BANK 517.40 500.20 17.20 3.44 PUNJAB NATL.BANK 105.10 102.15 2.95 2.89 FEDERAL BANK 99.50 97.25 2.25 2.31 INDUSIND BANK 1860.10 1824.15 35.95 1.97 BANK OF BARODA 153.25 150.40 2.85 1.89

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

Top gainers in the Nifty FMCG index: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) MARICO 327.35 320.65 6.70 2.09 ITC 265.50 260.85 4.65 1.78 TATA GLOBAL 277.25 272.70 4.55 1.67 HIND. UNILEVER 1391.00 1374.80 16.20 1.18 JUBILANT FOOD. 2449.35 2430.35 19.00 0.78

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

Sectoral Trend

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

BSE Sensex: top gainers and losers of the day

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

Market at close   The S&P BSE Sensex ended at 33,788, up 162 points while the broader Nifty50 index settled at 10,379, up 48 points.

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

NEWS WATCH RInfra wins Rs 1,081 cr contract for Kudankulam Nuclear Power Proj Reliance Infrastructure Ltd (RInfra) today said it has won a Rs 1,081 crore contract from Nuclear Power Corporation of India Ltd (NPCIL) for works pertaining to two units of the Kudankulam project in Tamil Nadu. The company said its engineering, procurement and construction (EPC) division has won the contract amidst competition from leading players like BHEL, Larsen & Toubro, Tata Projects and BGR. READ MORE RInfra stock quote:

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

Tata Motors reclaims top spot in light commercial vehicles after two years The previous financial year (FY18) belonged to Tata Motors in more ways than one. The country’s biggest commercial vehicle maker reclaimed leadership position in the light commercial vehicle (LCV) space from rival M&M after a gap of two years. Besides, the Mumbai-headquartered company also overtook Japanese car maker Honda to occupy the fourth spot in the domestic passenger vehicle market. READ MORE

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

ICICI board is said to be divided over CEO Chanda Kochhar's future The board of India’s ICICI Bank Ltd., which less than two weeks earlier expressed full faith in Chief Executive Officer Chanda Kochhar, is divided over whether to ask her to step down as federal authorities investigate allegations of impropriety over loans made to Videocon group, people with knowledge of the matter said. READ THE FULL ARTICLE HERE

MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

MOST ACTIVE STOCKS IN BSE 500 BY VOLUME COMPANY NAME LATEST CHG () CHG(%) VALUE ( CR) VOLUME ICICI BANK 282.20 1.60 0.57 865.71 30677222 IDBI BANK 73.65 0.55 0.75 45.69 6204134 REL. COMM. 24.00 -0.35 -1.44 11.92 4965597 JP ASSOCIATES 20.50 0.05 0.24 9.47 4620748 PUNJAB NATL.BANK 104.40 2.40 2.35 35.22 3373227 GMR INFRA. 20.55 0.40 1.99 5.51 2681292 CLICK HERE FOR THE FULL LIST

First Published: Mon, April 09 2018. 15:30 IST
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MARKETS ON MONDAY: Sensex ends 162 pts up, Nifty at 10,379 on Asian cues

All that happened in the markets today.

The domestic markets ended higher on Monday taking cues from their Asian counterparts. The S&P BSE Sensex ended at 33,788, up 162 points while the broader Nifty50 index settled at 10,379, up 48 points. Among sectoral indices, the Nifty FMCG index ended 1.13% up led by a rise in the shares of Marico and ITC. Asian shares edged higher on Monday as a bounce in US stock futures soothed sentiment even as US President Donald Trump kept up his twitter war with China over trade just a couple of days before Chinese President Xi Jinping gives a keynote speech. MSCI's broadest ...

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