The market is still up as the Sensex is up 222.43 points or 0.8 percent at 28031.78 and the Nifty is up 57.50 points or 0.7 percent at 8478.50. About 1283 shares have advanced, 1163 shares declined, and 162 shares are unchanged. SBI is up 3 percent while Sun Pharma, HDFC, TCS and ONGC are top gainers in the Sensex. Among the losers are Bajaj Auto, Wipro, Vedanta, Hindalco and Hero Motocorp. The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26-year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of deflation and stagnation. The total market capitalisation of the TSE's first section rose to 591.30 trillion yen (USD 4.9 trillion), surpassing the previous peak of 590.09 trillion yen hit in December 1989, when share prices hit record peaks at the height of the Japanese asset bubble. Investors say the market's fundamentals look much better now compared to 26 years ago, when Tokyo shares were traded at 60 times earnings. Ratios of price to earnings above 20 are often considered too expensive.
The rupee is trading higher by 8 paise to 63.56 against the US dollar on persistent selling of the American currency by banks and exporters.
All sectoral indices are trading higher with BSE Bankex, FMCG, Caapital Goods, Oil & Gas, Consumer Durables indices trading higher between 0.5-1%.
Index heavyweights SBI and ITC have surged between 2-3% ahead of quarterly results due later during the day.
Financials are trading higher on hopes of easing of the monetary policy by the RBI that would encourage borrowing and induce growth. Among financials, HDFC twins, ICICI Bank, Axis Bank are up between 1-2%.
Shares of Voltas have moved higher by over 9% to Rs 315.60, also its lifetime high on the BSE, after reporting a better-than-expected 17.5% year on year (YoY) growth in consolidated net profit at Rs 118 crore for the fourth quarter ended March 31, 2015 (Q4).
Shares of Infinite Computer Solutions (India) are locked at the lower circuit of 20% at Rs 210 on the BSE after the company said that net profit for the financial year 2015-16 (FY16) is expected to be flat. The revenue growth is projected at 5%-10%.
Metal shares continue to trade under pressure for the second session on the back of weak Chinese activity data. Vedanta, Tata Steel, Hindalco are trading lower up to 1.5%.
Bajaj Auto has dipped by almost 1.5%. Hit by declining sales, Bajaj Auto today reported 18.62 per cent fall in standalone net profit at Rs 621.62 crore for the fourth quarter ended Mach 31.
Britannia Industries has soared by more than 7% after its net jumped by 55% to Rs 167 crore in Q4.
The rupee is trading higher by 8 paise to 63.56 against the US dollar on persistent selling of the American currency by banks and exporters.
All sectoral indices are trading higher with BSE Bankex, FMCG, Caapital Goods, Oil & Gas, Consumer Durables indices trading higher between 0.5-1%.
Index heavyweights SBI and ITC have surged between 2-3% ahead of quarterly results due later during the day.
Financials are trading higher on hopes of easing of the monetary policy by the RBI that would encourage borrowing and induce growth. Among financials, HDFC twins, ICICI Bank, Axis Bank are up between 1-2%.
Shares of Voltas have moved higher by over 9% to Rs 315.60, also its lifetime high on the BSE, after reporting a better-than-expected 17.5% year on year (YoY) growth in consolidated net profit at Rs 118 crore for the fourth quarter ended March 31, 2015 (Q4).
Shares of Infinite Computer Solutions (India) are locked at the lower circuit of 20% at Rs 210 on the BSE after the company said that net profit for the financial year 2015-16 (FY16) is expected to be flat. The revenue growth is projected at 5%-10%.
Metal shares continue to trade under pressure for the second session on the back of weak Chinese activity data. Vedanta, Tata Steel, Hindalco are trading lower up to 1.5%.
Bajaj Auto has dipped by almost 1.5%. Hit by declining sales, Bajaj Auto today reported 18.62 per cent fall in standalone net profit at Rs 621.62 crore for the fourth quarter ended Mach 31.
Britannia Industries has soared by more than 7% after its net jumped by 55% to Rs 167 crore in Q4.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
0 comments:
Post a Comment