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

Sensex trades above 34,900, Nifty near 10,760, IT stocks rise

stock market upMarket began on a positive note on Tuesday with key indices opening a little higher as good growth in industrial output and a global shares rally picked up investors’ sentiment. The BSE index Sensex was up 69.80 points at 34,913.31 and the NSE Nifty was up 16 points at 10,757.55 in the morning hours.

Shares of prominent companies such as Tata Consultancy services, Infosys Ltd, Wipro Ltd, HCL Tech and Tech Mahindra inched up in the morning trades.

Shares of Federal Bank fell 3.3 percent to Rs. 110.45 after the bank reported higher gross and net slippages.

Shares of HDFC shed over 1 percent on the back of profit booking after the Company’s share jumped over 7 percent intraday to hit an all-time peak with its M-Cap crossing Rs 3.00 lakh crore yesterday .

Shares of Hindustan Unilever Ltd rose about 1.6 percent to a 52-week high of Rs 1,389 in the morning hours.

Shares of TCS, Wipro, Infosys, Bharti Airtel, and HUL were among the top gainers on BSE Sensex while HDFC, Reliance Industries, Tata Steel, Asian Paints and Power Grid fell upto 1.5 percent with HDFC losing the most.

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%.

11 Jan Sensex, Nifty trading flat, O&G, capital goods down

Sensex Nifty flat note India’s share markets began on a cautious note on Thursday as investors were eagerly waiting for the Q3 earnings of TCS and IndusInd Bank. 

The BSE index Sensex was down 23 points at 34,409 levels and the NSE index Nifty was down 13 points at 10,618 levels in the later morning hours.

Oil and gas index fell 0.2%, followed by capital goods 0.14%, banking 0.11% and PSU 0.08%, while the realty stocks gained the most by 1.25%, consumer durables 0.32%, IT 0.3 percent.

Top Sensex gainers were includes Kotak Bank, Bharti Airtel, Infosys Ltd, Tata Motors and ONGC. On the other hand the major losers were Axis Bank, Wipro, Coal India, ICICI Bank and YES Bank.

Stocks of Maruti Suzuki India spiked 0.16 percent at Rs 9,398.85 after the company announced a price in its variants owing to increase in commodity and allied costs.

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.