Nifty PSU Bank index ends 1.55 per cent higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) SYNDICATE BANK 42.05 40.65 1.40 3.44 BANK OF INDIA 89.30 86.65 2.65 3.06 INDIAN BANK 348.50 342.55 5.95 1.74 ST BK OF INDIA 261.30 257.20 4.10 1.59 BANK OF BARODA 117.05 115.55 1.50 1.30 See More Nifty sectoral performers of the day BSE Sensex: Yes Bank, Asian Paints, Reliance Industries among top gainers of the day Market at close The S&P BSE Sensex ended at 35,935, up 277 points while the broader Nifty50 index settled at 10,853, up 80 points. Auto, IT, consumption stocks lead in Sensex 1,063-point rally since June 5 Shares of automobiles, information technology (IT), private banks and consumption related companies have led to an over 1,000 points rally in the S&P BSE Sensex since June 5. Maruti Suzuki India and Bajaj Auto from automobiles, Tata Consultancy Services (TCS) and Infosys from IT, YES Bank and Kotak Mahindra Bank and Hindustan Unilever (HUL) and Asian Paints from consumption sector have outperformed the Sensex by gaining 6% to 9% during this period. READ MORE COMMENT Q1FY19 Result expectations from Crisil Research Growth in corporate revenue – excluding banking, financial services, insurance, and oil companies – is expected to print at a 12-quarter high of 12.8% on-year for the first quarter of fiscal 2019, CRISIL Research’s analysis of ~350 companies, which account for 50% of the market capitalisation (excluding banking, financial services, insurance, and oil companies) of the National Stock Exchange, indicates. It would be the third consecutive quarter of double-digit growth. While the earlier two quarters had benefited from low-base effect following demonetisation in the corresponding year-ago period, this quarter will reaffirm a sustained pickup in demand in most consumption-linked sectors.
The S&P BSE Sensex ended at 35,935, up 277 points while the broader Nifty50 index settled at 10,853, up 80 points.
Among sectoral indices Nifty Bank, Nifty PSU Banks and Nifty Pvt Bank indices ended 1% higher each with Federal Bank, YES Bank, RBL Bank and Axis Bank as top gainers in the pack. Nifty Pharma and Nifty Metal indices also ended over 1% higher.
Asian Paints, YES Bank, Vedanta and RIL are some of the top gainers on the S&P BSE Sensex that moved up 2 per cent to 3 per cent. Meanwhile, TCS was the top loser on S&P BSE Sensex, ending over 1% lower ahead of its Q1FY19 results due on Tuesday.
NCLT VERDICT ON TATA-MISTRY
QUARTERLY EARNINGS AND ECONOMIC DATA
(with wire inputs)