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MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Among sectoral indices, the Nifty IT index ended over 1% higher led by a rise in Tech Mahindra and MindTree.

SI Reporter  |  New Delhi 

Benchmark indices ended at record closing high for the fourth straight session on Tuesday ahead of the outcome of RBI's third bi-monthly monetary policy meet for 2018-2019, due on Wednesday, August 1, 2018. The S&P BSE Sensex settled at a record high of 37,607, up 112 points, while the broader Nifty 50 index settled at a new high of 11,356, up 37 points. In intra-day deals,  the S&P BSE Sensex hit a fresh all-time high of 37,644.59 while the Nifty50 index touched its record high level of 11,366.00. Among sectoral indices, the Nifty IT index ended ...

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MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

MARKET COMMENT Jayant Manglik, President, Religare Broking The market trend in the near term will be dictated by tomorrow’s RBI monetary policy outcome. Considering the recent spike in the inflation rate, the fears of interest rate hike has increased. However the commentary on the future outlook of interest rates/inflation would hold importance. Further with on-going corporate earnings season stock specific volatility is likely to remain high. Hence, we would advise investors to stick to fundamentally sound companies and traders to remain cautious and keep their positions hedge

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Nifty IT index ends 1.16% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) TECH MAHINDRA 680.30 655.45 24.85 3.79 MINDTREE 936.45 915.50 20.95 2.29 HCL TECHNOLOGIES 966.35 947.15 19.20 2.03 INFOSYS 1369.10 1351.00 18.10 1.34 WIPRO 276.75 273.15 3.60 1.32

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Nifty sectoral gainers and losers of the day

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

BSE Sensex: RIL settles 3% higher, Axis Bank slips over 3%

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Market at close The S&P BSE Sensex settled at a record high of 37,607, up 112 points, while the broader Nifty 50 index settled at a new high of 11,356, up 37 points.

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Adani Power, Adani Green, Adani Enterprises zoom over 70% in July Shares of Gautam Adani led- Adani Group Companies were on a roll with three stocks – Adani Green Energy, Adani Power and Adani Enterprises – ralliying more than 70% in the month of July 2018. READ MORE

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

GDP may moderate from 7.8% to 7.2% in second half of 2018: Nomura The Indian economy is likely to have witnessed solid economic growth in the April-June quarter but leading indicators suggest a slowdown in the coming months, says a Nomura report. READ MORE

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Dabur India surges 9% as domestic FMCG biz posts 21% volume growth in Q1 Shares of Dabur India have surged 9% to Rs 429 per share, also their new high on the BSE in intra-day trade, after the company reported a better-than-expected domestic volume growth of 21% in June quarter (Q1FY19). Analysts had expected volume growth in the range of 10% to 15% for the quarter. READ MORE

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Global IPO kitty at $94.3 bn in Jan-June: Report A total of 660 initial public offerings raised a cumulative USD 94.3 billion globally during January-June 2018 and the IPO activity looks rosy in the second half as well, says a report.   According to an EY report, at USD 94.3 billion the IPO proceeds for the first half of 2018 were the highest since January-June 2015 when 704 IPOs had raised USD 110.1 billion. READ MORE

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

HEAT MAP S&P BSE Sensex

MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Bank of India June-quarter profit rises 8.4 per cent on tax write-back Bank of India Ltd said on Tuesday quarterly profit rose 8.4 per cent as the state-run bank recomputed tax provisions made a year earlier. Net profit was 951.1 million rupees ($13.86 million) for the three months ended June, compared with 877.1 million rupees a year earlier, it said in a statement. READ MORE

First Published: Tue, July 31 2018. 08:13 IST
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MARKET WRAP: Sensex settles over 37,600 ahead of RBI rate meet; RIL up 3%

Among sectoral indices, the Nifty IT index ended over 1% higher led by a rise in Tech Mahindra and MindTree.

Benchmark indices ended at record closing high for the fourth straight session on Tuesday ahead of the outcome of RBI's third bi-monthly monetary policy meet for 2018-2019, due on Wednesday, August 1, 2018. The S&P BSE Sensex settled at a record high of 37,607, up 112 points, while the broader Nifty 50 index settled at a new high of 11,356, up 37 points. In intra-day deals,  the S&P BSE Sensex hit a fresh all-time high of 37,644.59 while the Nifty50 index touched its record high level of 11,366.00. Among sectoral indices, the Nifty IT index ended ...

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