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MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

The Nifty IT index ended higher led by a rise in the shares of Tata Consultancy Services, Tata Elxsi and HCL Technologies.

SI Reporter  |  New Delhi 

The markets ended higher despite weakness in their Asian counterparts. The S&P BSE Sensex gained 103 points to close at 35,319 levels, while the broader Nifty50 index settled at 10,742 levels, up 24 points. The oil marketing companies were under pressure today following Donald Trump's sanctions on Iran and its likely impact on global crude oil prices. HPCL and BPCL lost 0.6 per cent and 1.7 per cent, respectively. IOC, however, ended the day flat. Among sectoral indices, the Nifty IT index ended higher led by a rise in the shares of Tata Consultancy Services, Tata ...

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MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

MARKET COMMENT Mustafa Nadeem, CEO, Epic Research Nifty50 may continue to trade in the range of 10780 to 10600 for next couple of days. Any upside breakout of 10780 on a closing basis will give us further direction and higher levels of 10900. Traders and investors are suggested to have positions being hedged since the increase in volatility is expected ahead of the event

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Nifty IT index ends 0.55% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) TCS 3489.30 3441.20 48.10 1.40 TATA ELXSI 1192.45 1179.10 13.35 1.13 ORACLE FIN.SERV. 4269.50 4225.20 44.30 1.05 HCL TECHNOLOGIES 927.50 920.10 7.40 0.80 INFOSYS 1170.70 1165.55 5.15 0.44

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Sectoral Trend

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

BSE Sensex: gainers and losers of the day

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Market at close   The S&P BSE Sensex ended at 35,319, up 103 points while the broader Nifty50 index settled at 10,742, up 24 points.

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

EID Parry hits 52-week low on disappointing Q4 results Shares of EID Parry hit 52-week low of Rs 251 per share, down 7% on the BSE, after the company reported a sharp 87% year-on-year (y-o-y) drop in consolidated net profit at Rs 405 million for the quarter ended March 2018 (Q4FY18), on account of poor performance by sugar and nutrient and allied business. It had profit a of Rs 3 billion in year ago quarter. READ MORE

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Enkei Wheels surges 14% on stake buys by Blue Lotus Capital Shares of Enkei Wheels (India) have surged 14% to Rs 475 per share on the BSE, after Blue Lotus Capital Multibagger Fund bought 0.55% stake in auto ancillary company through open market. On Tuesday, Blue Lotus Capital Multibagger Fund had purchased 85,000 equity shares representing 0.55% stake in Enkei Wheels (India) at price of Rs 421 per share, the BSE bulk deal data shows. READ MORE

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Edelweiss on Godrej Consumer Godrej Consumer Products’ (GCPL) Q4FY18 consolidated revenue, EBITDA and PAT growth of 5.8%, 9.4% and 10.0% YoY, respectively, came in line with our estimates. Domestic volume growth was soft at 6% YoY, an outcome of 5% YoY revenue decline in HI segment and 3% YoY revenue growth for hair care segment (against run-rate of 14% over last 4 quarters). International business segment logged constant currency (CCY) growth of 6% YoY with Indonesia (-6% CCY) and Africa (7% CCY) both on slightly weaker footing. To support new launches, ad spends expanded 70bps YoY, a right strategy in our view. Going ahead, we believe the building blocks are in place in terms of innovation and new launches pipeline, which will bolster the company’s positioning and spur market share gains too. Maintain ‘BUY

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Zenith Exports, SORIL Holdings, Sadhana Nitrochem zoom up to 400% in a month Three stocks – Zenith Exports, SORIL Holdings and Ventures and Sadhana Nitrochem – have seen their market price surge up to 400% in the past one month. While Zenith Exports has gained 376% from Rs 39 to Rs 186 levels, SORIL Holdings and Ventures has surged 138% to Rs 559 (Rs 235) and Sadhana Nitrochem is up by 100% at Rs 458 (Rs 229) on the BSE. READ MORE

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Global shocks likely to spike gold prices this year, says GFMS report GFMS Thomson Reuters has painted a bullish outlook for the global price of gold this year. The average so far has been $1,360 an ounce, it said, and could “potentially briefly approach a 2018 peak towards $1,500/oz on any exogenous shocks later in the year”.   The price at present is $1,312 an ounce. The agency sees the geopolitical climate and equity markets as supportive for gold’s role as a risk hedge. Then, political uncertainty such as on Britain’s exit talks from the European Union, beside tensions in West Asia and North Africa. America is set to announce sanctions on Iran, further stoking the price of crude oil. READ MORE

MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

Market Check   S&P BSE Sensex 35,367.81 0.43%   Nifty 50 10,751.75 0.32%   S&P BSE 200 4,695.86 0.18%   Nifty 500 9,429.60 0.10%   S&P BSE Mid-Cap 16,564.36 -0.43%   S&P BSE Small-Cap 18,124.34 0.08%

First Published: Wed, May 09 2018. 15:30 IST
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MARKETS ON WEDNESDAY: Nifty ends at 10,742, Sensex up 103 pts; IT cos gain

The Nifty IT index ended higher led by a rise in the shares of Tata Consultancy Services, Tata Elxsi and HCL Technologies.

The markets ended higher despite weakness in their Asian counterparts. The S&P BSE Sensex gained 103 points to close at 35,319 levels, while the broader Nifty50 index settled at 10,742 levels, up 24 points. The oil marketing companies were under pressure today following Donald Trump's sanctions on Iran and its likely impact on global crude oil prices. HPCL and BPCL lost 0.6 per cent and 1.7 per cent, respectively. IOC, however, ended the day flat. Among sectoral indices, the Nifty IT index ended higher led by a rise in the shares of Tata Consultancy Services, Tata ...

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