The market ended up 146.15 points or 0.5 percent at 26832.66 and the Nifty is up 44.25 points or 0.6 percent at 8091.55. About 1716 shares advanced, 945 shares declined, and 164 shares were unchanged. Cipla, HUL, Reliance, Hindalco and Tata Steel were top gainers while Vedanta, BHEL, Tata Power, Bajaj Auto and HDFC Bank were major laggards in the Sensex.
The Indian currency firmed up against the US dollar on the back of selling of the US dollars by banks and exporters while gains in domestic equities also aided sentiment. The rupee was trading higher at 64.13 compared to the previous close of 64.24.
BSE FMCG and Healthcare indices were the top sectoral gainers along with Capital Goods among others.
Steel stocks gained amid media reports that the government has raised import duty on long steel products to 7.5% from 5.5% and flat steel products to 10% from 7.5%.
Among steel stocks, Tata Steel gained 3.6%, SAIL gained 1.8%, JSW Steel rose 3.3%, Jindal Steel ended up 1%.
In the mid-cap space, Bhushan Steel was up 3.6% and Uttam Galva Steels surged 4.5% each while Kalyani Steel gained 6%.
Reliance Industries ended up 3%. The company plans to gradually reopen all its 1,400 fuel retail outlets by next March. It has nearly 400 filling stations working now.
FMCG shares firmed up on hopes that the monsoon which has been 13% above normal so far pan-India would boost the rural economy and help volume growth. Hindustan Unilever ended up 3.4% and ITC gained nearly 1%.
Wipro gained 1.3% on plans to set up facility in Odisha that would house 28,000 staff in Bhubaneswar.
TCS pared early gains and ended with marginal gains. The IT major is one of the frontrunners in the race to win Swedish truckmaker AB Volvo's IT outsourcing contract, worth about $500 million.
Other Sensex gainers include, L&T, Cipla, M&M among others.
Meanwhile, Vedanta was the top Sensex loser down over 2% on reports that LIC which holds 9.06% stake in Cairn India, is seeking a better offer, including higher dividend on the redeemable preference shares that the metal producer plans to offer Cairn shareholders as part of its planned merger. Cairn India was down nearly 1%.
The Indian currency firmed up against the US dollar on the back of selling of the US dollars by banks and exporters while gains in domestic equities also aided sentiment. The rupee was trading higher at 64.13 compared to the previous close of 64.24.
BSE FMCG and Healthcare indices were the top sectoral gainers along with Capital Goods among others.
Steel stocks gained amid media reports that the government has raised import duty on long steel products to 7.5% from 5.5% and flat steel products to 10% from 7.5%.
Among steel stocks, Tata Steel gained 3.6%, SAIL gained 1.8%, JSW Steel rose 3.3%, Jindal Steel ended up 1%.
In the mid-cap space, Bhushan Steel was up 3.6% and Uttam Galva Steels surged 4.5% each while Kalyani Steel gained 6%.
Reliance Industries ended up 3%. The company plans to gradually reopen all its 1,400 fuel retail outlets by next March. It has nearly 400 filling stations working now.
FMCG shares firmed up on hopes that the monsoon which has been 13% above normal so far pan-India would boost the rural economy and help volume growth. Hindustan Unilever ended up 3.4% and ITC gained nearly 1%.
Wipro gained 1.3% on plans to set up facility in Odisha that would house 28,000 staff in Bhubaneswar.
TCS pared early gains and ended with marginal gains. The IT major is one of the frontrunners in the race to win Swedish truckmaker AB Volvo's IT outsourcing contract, worth about $500 million.
Other Sensex gainers include, L&T, Cipla, M&M among others.
Meanwhile, Vedanta was the top Sensex loser down over 2% on reports that LIC which holds 9.06% stake in Cairn India, is seeking a better offer, including higher dividend on the redeemable preference shares that the metal producer plans to offer Cairn shareholders as part of its planned merger. Cairn India was down nearly 1%.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras On you Tube & also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free , NSE Stock Market Tips 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