Sensex rallies 345 pts, Nifty nears 10,900; Banking stocks gain

stock market highIndia’s share markets extended the session at fresh lifetime highs tracking global cues, and after media report that the govt is allowing 100 percent FDI in the banking sector. The BSE Sensex gained 344.69 points at 35,426.51 while NSE Nifty added 78 points to mark the new high of 10,866.50 on Thursday, later morning.

The value buying in the shares such as ICICI Bank, HDFCs, SBI, ITC, Axis Bank, HUL, L&T and Yes Bank led the key equity indices to fresh record peaks.

Banking stocks gained after media reports that the govt considered allowing 100 percent FDI in the banking sector. Effectively, ICICI Bank, SBI, HDFC Bank, Yes Bank, Axis Bank, PNB, Federal Bank, Bank of Baroda, Indusind Bank rose in different extents.

Shares of SBI, HDFC Bank, Hero MotoCorp, ICICI Bank and Yes Bank were the top five gainers among the Sensex stocks on Thursday.

Shares of Yes Bank jumped 3.36 pct to the day’s high of Rs. 354 ahead of its Q-3 earnings, while stocks of HDFC Bank rose 2.32% to hit an all-time peak of Rs. 1,935.

Shares of UltraTech Cement, Adani Ports SEZ, Yes Bank and Bharti Airtel will be watched ahead of their respective third-quarter earnings scheduled today.

 

Nifty gainers and losers

Weekly Market snapshots: Market posts Sixth weekly straight gains

stock investment Share Markets scaled fresh all time highs in the week ended day on Friday, 12 January 2018, led by financials and energy stocks, since investors expected the monthly inflation data for clues on the central bank`s monetary policy. The BSE Sensex rose 88.90 points to close at new high of 34,592.39 while the Nifty-50 jumped up 30.05 points to record 10,681.25.

This was the 6th weekly straight gain for the domestic benchmarks. During the week, the Sensex gained 438.54 pts, or 1.28%, whereas the Nifty-50 rose 122.40 pts, or 1.15%. The Nifty50 surpassed its previous record closing of 10,651.20 hit on Thursday.

Optimistic trade in global market and hopes of revival in the first half domestic corporate earnings from is upholding the healthy sentiment.

Domestic institutional investors have bought equities to the tune of Rs 7.70 billion, while FPIs sold shares worth Rs 6.24 billion on net basis on Thursday, as per data.

Shares of TCS slipped 0.56% after the Company on Thursday reported a 3.6% fall in net profit for the Q3 at Rs 6,531 crore. The other IT major Infosys Ltd posted a 38.3% growth in consolidated net profit to Rs 5,129 crore for the Oct – Dec quarter of 2017-18.

In the Sensex pack, ICICI Bank emerged as the top performer with a rise of 2.63%, followed by Maruti Suzuki at 1.27%. Other major gainers included ONGC, Reliance, Dr Reddy’s Laboratories, HDFC Ltd, Larsen and Toubro, IndusInd Bank, Tata Motors and Mahindra and Mahindra, rising by up to 1.26%.

The rise in sector-wise, the oil and gas rose 0.69%, banking sector 0.50%, capital goods 0.48%, metal sector 0.45%, auto 0.28%,, infrastructure 0.14% and IT 0.03%.

Sensex up 67 points Nifty holds 10,628 mark; Coal India, Tata Motors gain

Sensex Nifty gainers today India’s Share Markets began on a positive note due to firm global cues on Tuesday with Sensex and Nifty hitting all-new record highs. Investor outlook remained upbeat on continued capital inflows and extensive buying by retail investors with hop0es of encouraging Q3 earnings, to be posted this week.

The BSE index Sensex was trading 67.34 points up to 34,420.13 and the NSE Nifty-50 index up by 4.65 points to 10,628.25 in the later morning a hours Shares of Coal India Ltd rose 5.2 percent after the company hiked fuel prices used to fire power plants.

Shares of Max India Limited rose 2.4% to Rs. 124.35 after Life Healthcare Group Holdings Ltd is looking out a sale of its stake in India’s Max Healthcare Ltd.

Shares of National Mineral Dev Corpn plunged 4 percent after the government said it will sell 1.5 percent stakes in NMDC through an offer for sale.

Nifty top gainers include Coal India, Tata Motors, Tata Steel, GAIL India and Kotak Mahindra Bank. On the other hand, the losers include HPCL, Zee Entertainment, Eicher Motor, Hindalco Industries, and Tech Mahindra.

Sensex, Nifty trade higher, auto Stocks and banking stocks fall

Stock trading tips Sensex and Nifty were trading higher in early trade, tracking positive signs from Asian markets and continued rally in metal stocks. The BSE Sensex was up 42.12 points or 0.12% at 33,835.50. The NSE Nifty-50 index was up 13.60 points or 0.13% at 10,456.50 in the late morning hours. Shares of ONGC, Dr. Reddy’s and IndusInd Bank rose, whereas shares of ICICI Bank, Tata Motors and Yes Bank fell. 

Metal stocks keep on gaining on the back of growing global commodity prices. The Nifty Metal Index rose 0.5 percent in early trade, led by more than one percent gains in shares of Vedanta Ltd and Welspun Corp.

Tata Motors fell 1.1% to Rs.252 after the company announced its US JLR sales fell 9.4 percent to 11,394 units. Shares of Oil & Natural Gas rose 1.3 percent to Rs. 196.15 after international crude oil prices hit a 3-year high.

In Nifty-50 index, shares of Asian Paints and ONGC rose 1.5%, each, Dr. Reddy’s rose 1.2% and Coal India up 1% as the top gainers while Shares of Tata Motors fell 1.4%, HCL Tech slipped 1.06%, ICICI Bank down 0.86%, Yes Bank down 0.55% and Sun Pharma lose 0.41% as the top losers in today’s trade.

Sensex rises 143 points, Nifty near 10,500, RIL, SBI, ICICI Bank top gainers

stock trading tips India’s share markets extended gains to open higher on Wednesday on positive global cues, with Sensex & Nifty inching up by 0.3 percent.

The BSE Sensex was trading 143 points at a high of 33,955.21 and NSE Nifty added 51.65 points to mark the day’s high at 10,493.85.

Shares of Reliance Industries, Adani Ports, Bharti Airtel, ICICI Bank, SBI, Yes Bank, HUL,  Tata Steel were the major gainers among the Sensex stocks while Infosys, Dr Reddy’s, HDFC Bank, ONGC, Asian Paints, Tata Motors slipped upto 2 percent. The heavyweight stocks such as Reliance Industries, ICICI Bank, TCS, ITC, SBI, Larsen and Toubro contributed the most to the Sensex gains.

Metal stocks continued to keep up momentum on the back of rising global commodity prices. The Nifty Metal index advanced 0.8 percent in early trade, led by over 1 percent rise in shares of Vedanta Limited and Tata Steel Limited.

Meanwhile, the Indian rupee rose the 4-day rising streak on Wednesday. The domestic currency made a top of 63.50 per US dollar on Wednesday, and was trading down 2 paise at 63.50 against the US dollar.