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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.

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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

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

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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

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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

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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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