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Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

All that happened in the markets today.

SI Reporter  |  New Delhi 

The benchmark indices ended firm on Wednesday ahead of  the expiry of derivative contracts for February series on Thursday. The S&P BSE Sensex ended at 33,845, up 141 points while the broader Nifty50 index settled at 10,397, up 37 points. IT stocks ended 2.3% higher led by a over 4% rise in shares of HCL Technologies and Mindtree Ltd. Stocks of pharmaceutical companies ended came under pressure, with the Nifty Pharma index settling nearly 2 per cent lower. Sun Pharma was the biggest loser of the day among the pharmaceutical companies, shedding 6.4% to settle ...

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Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Top Sectoral loser: Nifty Pharma down nearly 2%

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Top Sectoral gainer: Nifty IT up over 2%

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Sectoral Trend

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Sensex top losers and gainers

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Market at close   The S&P BSE Sensex ended at 33,845, up 141 points while the broader Nifty50 index settled at 10,397 up 37 points.

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

MUST READ Gitanjali's Mehul Choksi and a London-Hong Kong cross connection In 2010, Gitanjali promoter Mehul Choksi’s Hong Kong-based companies, Aston Luxury Group and Crown Aim Limited, invested in a London-based company called Alfred Terry Limited. Business Standard had reported earlier that Aston Luxury and Crown Aim were sharing the same office building and staff services with Aura Gems and Sunshine Gems. READ MORE Mehul Choksi

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

News Watch PNB fraud: Centre opposes plea seeking independent probe in Nirav Modi case The Centre on Wednesday opposed in the Supreme Court a PIL seeking an independent probe and deportation of billionaire jeweller Nirav Modi in the over Rs 110 billion PNB fraud case, saying an FIR has been lodged and a probe was on.   A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said it would not say anything on the matter now and listed the PIL filed by lawyer Vineet Dhanda for further hearing on March 16. READ MORE

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Market Check   S&P BSE Sensex 33,792.20 0.26%   Nifty 50 10,375.45 0.15%   S&P BSE 200 4,535.86 0.04%   Nifty 500 9,148.05 -0.03%   S&P BSE Mid-Cap 16,375.72 -0.27%   S&P BSE Small-Cap 17,782.35 -0.27%

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

News Watch South Korean government says will support 'normal' cryptocurrency trading   Bitcoin’s stunning rebound continued on Tuesday, with the world’s largest digital token extending February’s gains after South Korean regulators signaled they will actively support what they called “normal” cryptocurrency trading.   In a further shift from earlier rhetoric -- which hinted at an outright ban of cryptocurrency exchanges -- Choe Heungsik, governor of South Korea’s Financial Supervisory Service, told reporters he wants to see normalised trading of digital assets, and said the FSS is making efforts to do that. CLICK HERE FOR FULL STORY

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

Nomura on Motherson Sumi Systems (MSS) We continue to like MSS as a play on premiumisation and value addition in cars for weight reduction, electronics and shift towards EVs. The ramp-up of new plants for SMP will be a key catalyst for the stock, in our view. We value the company using a 24x target P/E on March 2020F EPS (from Nov-17 earlier). Thus, we revise our target price to Rs 435 (Rs 442 previously). The stock trades at 27x/19.7x FY19/20F EPS. With strong 44% FY18-20F EPS CAGR, its outperformance should continue, in our view.

Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

CLSA on Phoenix Mills Phoenix reported strong 3Q earnings, up 46% YoY, as its core mall portfolio continued to do well. Lease income grew 10% YoY, driving 14% YoY Ebitda growth. Its lease income performance appears sustainable given underlying consumption growth continues to match the lease income increase. For the next leg of growth Phoenix is looking to tie-up sites under its mall development platform by 1HFY19 and scale-up its office portfolio. We maintain our BUY rating with a revised target price of Rs722 (previously (Rs597)

First Published: Wed, February 21 2018. 15:30 IST
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Sensex ends 141 pts higher, Nifty settles at 10,397 levels; IT stocks rise

All that happened in the markets today.

The benchmark indices ended firm on Wednesday ahead of  the expiry of derivative contracts for February series on Thursday. The S&P BSE Sensex ended at 33,845, up 141 points while the broader Nifty50 index settled at 10,397, up 37 points. IT stocks ended 2.3% higher led by a over 4% rise in shares of HCL Technologies and Mindtree Ltd. Stocks of pharmaceutical companies ended came under pressure, with the Nifty Pharma index settling nearly 2 per cent lower. Sun Pharma was the biggest loser of the day among the pharmaceutical companies, shedding 6.4% to settle ...

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