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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 

Benchmark indices 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 BSE Sensex ended at 36,240, up 305 points while the broader Nifty50 index settled at 10,947, up 94 points. Among sectoral indices, the Nifty Metal index is also trading 1.6% higher led by Jindal Stainless (Hisar) and Hindalco Industries. Meanwhile, Nifty Realty index gained over 1.8% led by Unitech and DLF. On ...

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

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

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

Nifty sectoral performers of the day

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

BSE Sensex: RIL, Wipro, Yes Bank among top gainers of the day, IndusInd Bank top loser

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

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.

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

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

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

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

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

June inflation likely reached highest level in nearly two years   Indian inflation likely rose to a near two-year high in June, driven by surging oil and food prices, a Reuters poll showed, a development that would strengthen calls for more monetary policy tightening by the Reserve Bank of India.   According to a July 4-9 Reuters poll of 37 economists, retail prices rose at an annual 5.30 percent last month. That would be the fastest since July 2016, well above May’s 4.87 percent and keep inflation above the central bank’s 4 percent target for an eighth straight month.

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

TCS Q1FY19 result preview: Commentary on BFSI, digital business key   Tata Consultancy Services (TCS) is likely to announce its results for the June quarter (Q1FY19) post market hours on July 10. In the recently concluded quarter, TCS – the largest Indian IT firm by sales – announced Rs 160 billion buyback under the tender route. This is the second time in as many years that the Tata group company is resorting to a buyback.   On a year-to-date basis, the stock has rallied around 40 per cent and has outperformed the Nifty IT index that gained over 20.68 per cent during this period. In comparison, the Nifty50 index is up 2.94 per cent YTD, ACE Equity data showed. In the last quarter (Q1FY19), however, the stock gained 29% as compared to 4.53% rise in the Nifty50 index. READ MORE

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

INTERVIEW OF THE DAY See crude oil prices in range of $75 - $80 a barrel for next 18 months'   Rising prices are starting to threaten oil demand in Asia, especially in a country like India, which is starting to feel the pressure more than others. India could feel the pinch with both Venezuelan and Iranian crude, which is also of the heavier sourer variety, coming off the market, says London – based PAUL HICKIN, associate director at S&P Global Platts. READ MORE Paul Hickin, Platts

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

Market Check   S&P BSE Sensex 36,173.39 0.66%   Nifty 50 10,927.50 0.69%   S&P BSE 200 4,701.18 0.73%   Nifty 500 9,346.05 0.73%   S&P BSE Mid-Cap 15,712.26 0.84%   S&P BSE Small-Cap 16,483.79 1.04%

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

Britannia might replace HPCL in the Nifty 50 index, says brokerage Consumer goods company Britannia Industries could replace state-owned oil marketing company Hindustan Petroleum Corporation (HPCL) in the benchmark Nifty 50 index, said domestic brokerage ICICI Direct. Besides, JSW Steel or Godrej Consumer Products also have a fair chance of replacing Lupin in the index, the brokerage added.   According to brokerages, NSE could announce changes to its index next month and it could become effective from the start of the October series derivatives contract. READ MORE

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 indices 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 BSE Sensex ended at 36,240, up 305 points while the broader Nifty50 index settled at 10,947, up 94 points. Among sectoral indices, the Nifty Metal index is also trading 1.6% higher led by Jindal Stainless (Hisar) and Hindalco Industries. Meanwhile, Nifty Realty index gained over 1.8% led by Unitech and DLF. On ...

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