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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

All that happened in the markets today.

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SI Reporter  |  New Delhi 

The domestic indices ended nearly 2% higher on Monday, mirroring gains in their key Asian counterparts. The S&P BSE Sensex ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points. This was the biggest intra-day gain for the indices in almost a year, data show. In the global markets, a relief rally swept across Asia on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally. MSCI’s index of Asia-Pacific shares ...

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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

MARKET COMMENT Jayant Manglik, President, Religare Broking It's being an exceptional day for equity markets as Nifty gained nearly two percent and reclaimed 10400. It opened gap up, tracking firm global cues and traded range bound in the first half. However, short covering in the latter half triggered fresh momentum in the latter half and almost all the sectoral indices participated in the move.   It was indeed a surprise up move but sustainability above 10400 will be crucial for further recovery. Participants will react to macro-economic data i.e. IIP and CPI inflation in early trade tomorrow. We suggest traders limiting leveraged positions and continuing with stock specific trading approach

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

MARKET COMMENT Mustafa Nadeem, CEO, Epic Research Nifty continued the upward momentum as short-term patterns suggested the bounce to be evident. Nifty pullback seemed to be swift in last few days since momentum on dips has been followed by buying. Bank Nifty added the weight for bulls with prices retracing back to 24700 zones where it consolidated for a brief period of time. As this rally expands, we believe the resistances will be developed to near levels of 10450 - 10460. In case prices are not able to breach these level then it will be a pullback out of the recent breakdown of the pattern. On the downside, supports are open towards 200 Days SMA at 10150 - 10200. Prices may continue for some time in sideways zone in these levels. A close above only 10650 will trigger some kind of short covering while also calling in long side momentum players.   

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

NEWS IMPACT Bharti Airtel rallies on fund raising plans   Shares of the telecom operator rose as much as 4.86%, the most in over a month, to Rs 421.70. The Sunil Mittal-led company’s board approved the issuance of foreign currency bond of $1 billion or equivalent in one or more tranches, according to its stock exchange notification  

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

Nifty Metal index rises 2.14%

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

Nifty FMCG surges 2.62%

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

Nifty Sectoral gainers and losers

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

BSE Sensex gainers and losers

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

Index watch Index Current Pt. Change % Change   S&P BSE SENSEX 33,917.94 +610.80 +1.83   S&P BSE SENSEX 50 10,879.19 +195.42 +1.83   S&P BSE SENSEX Next 50 32,959.91 +197.30 +0.60   S&P BSE 100 10,751.18 +173.39 +1.64   S&P BSE Bharat 22 Index 3,554.22 +65.60 +1.88 (Source: BSE)

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

Market at close   The S&P BSE Sensex ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points.

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

PSU banks lost Rs 900-billion market-cap in one month post PNB scam The public sector undertaking (PSU) banks have lost Rs 900-billion market capitalisation (market-cap) in past one month after the Rs 114 billion ($1.8 billion) fraud at Punjab National Bank (PNB) came to light. READ MORE

Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

IPO CORNER Bharat Dynamics Limited   In terms of valuations, the pre-issue P/E works out to 22.7x 1HFY2018 annualized earnings (at the upper end of the issue price band), which is lower compared to BDL’s peers like Bharat Electron and Apollo Micro System (trading at 33.6x and 40.7x of its 1HFY2018 annualized earnings respectively).    Further, BDL has a strong order book and revenue visibility, coupled with superior return ratios compared to peers. Hence, considering the above positive factors including growth in the defence industry, we recommend SUBSCRIBE on the issue.   (Source: Angel Broking)

First Published: Mon, March 12 2018. 15:30 IST
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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

All that happened in the markets today.

The domestic indices ended nearly 2% higher on Monday, mirroring gains in their key Asian counterparts. The S&P BSE Sensex ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points. This was the biggest intra-day gain for the indices in almost a year, data show. In the global markets, a relief rally swept across Asia on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally. MSCI’s index of Asia-Pacific shares ...

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