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MARKET WRAP: Indices end at over 5-month high, Nifty at 10,947; RIL up 3%

Benchmark indices rose on Tuesday led by index heavyweights such as Reliance Industries (RIL).

SI Reporter  |  New Delhi 

Markets, Up, Down, BSE, NSE, Stocks
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Nifty Realty index ends 1.80% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) UNITECH 4.30 4.10 0.20 4.88 DLF 194.30 187.30 7.00 3.74 OBEROI REALTY 488.80 473.25 15.55 3.29 INDBULL.REALEST. 150.35 148.15 2.20 1.48 H D I L 20.05 19.95 0.10 0.50 Nifty sectoral performers of the day BSE Sensex: RIL, Wipro, Yes Bank among top gainers of the day, IndusInd Bank top loser Market at close   The S&P BSE Sensex ended at 36,240, up 305 points while the broader Nifty50 index settled at 10,947, up 94 points. IndusInd Bank Q1 up by 24% at Rs 10.36 billion, asset quality falls Private sector IndusInd Bank on Tuesday posted a 23.8 per cent rise in its net profit at Rs 10.35 billion for the quarter ended June 2018 on higher income mainly from interest. This was against a net profit of Rs 8.36 billion in the corresponding period of previous year.   Total income during the quarter rose to Rs 63.69 billion, up by 20 per cent as against Rs 53 billion in the same quarter of last year. READ MORE Shriram Transport Finance extends gain on reports of merger   Shares of Shriram Transport Finance Company were up by 7% at Rs 1,218 per share, extending their 3% gain on the BSE on Monday, after the company said that it continuously evaluates various opportunities for enhancing shareholders’ value.   The company made a clarification on the Business Standard new report on Shriram group may merge two firms. READ MORE

Benchmark ended at over a 5-month high on Tuesday led by index heavyweights such as Reliance Industries (RIL) and Coal India, with investor focus now on corporate earnings, starting with Tata Consultancy Services (TCS) later in the day.

The S&P ended at 36,240, up 305 points while the broader Nifty50 index settled at 10,947, up 94 points.

Among sectoral indices, the Metal index is also trading 1.6% higher led by Jindal Stainless (Hisar) and Hindalco Industries. Meanwhile, Realty index gained over 1.8% led by Unitech and DLF.

On BSE, the market heavyweight Reliance Industries (RIL) along with Coal India and Wipro are top gainers among individual

GLOBAL MARKETS

World hovered near three-week highs on Tuesday, supported by optimism about US company earnings and expectations that global economic growth can withstand trade tensions, although political bickering kept British on the backfoot.

European also rose, with a pan-European equity index up 0.2 percent after touching a two-week high on Monday, while MSCI’s all-country equity index touched a three-week high before easing back as Chinese fell into the red at the close of trading.

Oil prices rose on Tuesday escalating concerns about potential supply shortages, with Brent crude leading the way as oil workers in Norway are set to strike later in the day after failed wage talks. That potentially adds to disruptions in other oil producing regions amid tensions in the Middle East.

(with Reuters inputs)

First Published: Tue, July 10 2018. 08:30 IST
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MARKET WRAP: Indices end at over 5-month high, Nifty at 10,947; RIL up 3%

Benchmark indices rose on Tuesday led by index heavyweights such as Reliance Industries (RIL).

Benchmark ended at over a 5-month high on Tuesday led by index heavyweights such as Reliance Industries (RIL) and Coal India, with investor focus now on corporate earnings, starting with Tata Consultancy Services (TCS) later in the day.

The S&P ended at 36,240, up 305 points while the broader Nifty50 index settled at 10,947, up 94 points.

Among sectoral indices, the Metal index is also trading 1.6% higher led by Jindal Stainless (Hisar) and Hindalco Industries. Meanwhile, Realty index gained over 1.8% led by Unitech and DLF.

On BSE, the market heavyweight Reliance Industries (RIL) along with Coal India and Wipro are top gainers among individual

GLOBAL MARKETS

World hovered near three-week highs on Tuesday, supported by optimism about US company earnings and expectations that global economic growth can withstand trade tensions, although political bickering kept British on the backfoot.

European also rose, with a pan-European equity index up 0.2 percent after touching a two-week high on Monday, while MSCI’s all-country equity index touched a three-week high before easing back as Chinese fell into the red at the close of trading.

Oil prices rose on Tuesday escalating concerns about potential supply shortages, with Brent crude leading the way as oil workers in Norway are set to strike later in the day after failed wage talks. That potentially adds to disruptions in other oil producing regions amid tensions in the Middle East.

(with Reuters inputs)

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