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MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Nifty closed at 10,585 levels. TCS market-cap hits $100 billion in intraday deals; but stock ends flat as investors book profit

SI Reporter  |  New Delhi 

Markets pared their day's gains to end largely flat on Monday amid weakness in their global peers as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on US bond yields as they approached peaks that had triggered ructions in the past. The S&P BSE Sensex ended the day at 34,451, up 35 points while the broader Nifty50 index settled at 10,585, up 21 points. Among individual stocks, Tata Consultancy Services (TCS)  became India's first $100 billion information technology (IT) company in terms of ...

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MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Nifty IT index up 0.7%; Top gainers from the pack COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME TATA ELXSI 1204.75 1142.75 62.00 5.43 3784333 HCL TECHNOLOGIES 1085.00 1062.35 22.65 2.13 4490123 MINDTREE 999.70 979.85 19.85 2.03 8921125 KPIT TECH. 246.60 243.10 3.50 1.44 3994887 INFOSYS 1189.30 1178.45 10.85 0.92 10738186

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Sectoral Trend

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Top Sensex gainers and losers

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Markets at Close The S&P BSE Sensex ended the day at 34,450, up 35 points while the broader Nifty50 index settled at 10,584, up 20 points

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

80 stocks gain over 25% in Sensex's 2,000 points rally in past one month Shares of 80 companies have rallied more than 25% after the S&P BSE Sensex recovered more than 2,000 points in past one month. The S&P BSE Sensex hit an intra-day high of 34,664, rebounding 2,068 points or 6% from its recent low of 32,596 recorded on March 23, 2018. The Nifty 50 index too rose 6% to 10,638 from 9,998 levels one month ago. READ MORE

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Salasar Techno gains 8% on repeat order of Rs 350 million from Reliance Jio   Shares of Salasar Techno Engineering have moved 8% higher to Rs 385 per share, also their new high on the BSE, after the company said it has received new orders of Rs 490 million from leading telecom players in India and Nepal.   The company received an order of Rs 350 million from Reliance Jio to supply 300 telecom towers, Salasar Techno Engineering said in a press release.   The company also received export order of 100 telecom towers worth Rs 140 million to Nepal, it added. READ MORE

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Volume Toppers COMPANY PRICE() CHG() CHG(%) VALUE( CR) TCS 3443.70 37.30 1.09 143.04 LAURUS LABS 504.20 -4.45 -0.87 89.97 MINDA CORP 202.50 27.30 15.58 75.07 AJANTA PHARMA 1383.00 16.60 1.21 55.26 INFOSYS 1188.00 9.75 0.83 54.06

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

India tops emerging markets in foreign portfolio investor flows in 2018 The Indian markets have managed to attract the highest foreign portfolio investor (FPI) flows among the emerging markets (EMs) this year. According to data, overseas funds have net purchased equities to the tune of $1.5 billion in the Indian markets so far in 2018. In comparison, most other EM peers have seen overseas investors pulling out money. READ MORE

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Sebi proposed as regulator for spot commodity exchanges for gold, metals Spot commodity exchanges for gold, metals and even energy products like natural gas could see the light of day under the Securities and Exchange Board of India (Sebi) as the regulator.   This has been recommended by a committee on the subject. It was appointed by the finance ministry under NITI Aayog member Ramesh Chand. The panel also suggests the “existing institutional infrastructure of commodity exchanges may also be utilised, to the extent possible, to create a spot exchange for commodities”. Regulation for spot commodity exchanges has been a contentious issue for some years. Especially after the National Spot Exchange fiasco, where a Rs 56-billion fraud was revealed in 2013. READ MORE Photo: Reuters

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Market Check   S&P BSE Sensex 34,615.69 0.58%   Nifty 50 10,632.25 0.65%   S&P BSE 200 4,674.07 0.60%   Nifty 500 9,405.30 0.62%   S&P BSE Mid-Cap 16,877.13 0.47%   S&P BSE Small-Cap 18,325.64 0.81%

MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Investors focus on long-dated options as 2019 election draw near   Prashasta Seth, chief executive officer at IIFL Asset Management, said he was hoping to raise around Rs 20 billion to Rs 30 billion in his new fund offer. However, not all of that money would be allocated to capturing market gains. The IIFL Capital Enhancer Fund will invest four to five per cent of its assets in put options, with an option of increasing this to up to 8 per cent.   "We will be investing in put options with an expiry of June 2019. There are many investors who would like to take exposure to equity. They are afraid of the uncertainty over the next year. This will allow them to do so while limiting their risk" he said. READ MORE

First Published: Mon, April 23 2018. 15:30 IST
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MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Nifty closed at 10,585 levels. TCS market-cap hits $100 billion in intraday deals; but stock ends flat as investors book profit

Markets pared their day's gains to end largely flat on Monday amid weakness in their global peers as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on US bond yields as they approached peaks that had triggered ructions in the past. The S&P BSE Sensex ended the day at 34,451, up 35 points while the broader Nifty50 index settled at 10,585, up 21 points. Among individual stocks, Tata Consultancy Services (TCS)  became India's first $100 billion information technology (IT) company in terms of ...

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