The market has ended with some smart gains. The Sensex was up 161.25 points or 0.6 percent at 26586.55 and the Nifty was up 31.00 points or 0.4 percent at 8013.90. About 1421 shares advanced, 1231 shares declined and 183 shares were unchanged. Sun Pharma, M&M, Bajaj Auto, HDFC and ONGC were top gainers in the Sensex. Among the losers were Infosys, Hindalco, vedanta, SBI and Tata Power.
the Indian rupee has appreciated by 13.7 percent against the Japanese yen and 12.8 percent against the euro over the past 11 months, Singapores DBS banking group said today. It has however declined 6.1 percent in value against the US dollar from July 2014 to June this year, as the greenback has appreciated against Asia''s 10 currencies on its own economic strength. Giving performances of Asian currencies, David Carbon, managing director for economic and currency research at DBS, said the rupee has appreciated by 6.6 per cent from July 2014 to this month against the Japanese yen, euro and USD combined.
The BSE Auto and Healthcare indices were among the top sectoral gainers along with FMCG, Oil and Gas indices.
Mahindra & Mahindra is up 2.4%. The auto major is set to launch a new light commercial vehicle named Jeeto by the end of this month to take on homegrown rival Tata's popular minitruck Ace Zip.
ONGC is up 1.5%. The Tripura unit of ONGC has introduced highly technical Hydro-fracturing (HF) job procedure to intensify exploration of natural gas for supply in different projects of the state.
Shares of Relinace Industries continue its Friday’s rally and are up 1.4% after Mukesh Ambani in the 41st AGM said that RIL will commence launch Reliance Jio in December and will cover the entire population in a span of three years. He added that Reliance has made an investment worth Rs 1 trllion last year and plans to expand his retail business.
Tata Motors is up 1.3% after reporting data on global wholesale volumes for May 2015. Tata Motors' group global wholesales, including Jaguar Land Rover, rose 2.15% to Rs 79,244 units in May 2015 over May 2014.
Shares of capital goods companies gained on encouraging April IIP data. Larsen and Toubro (L&T), Bharat Heavy Electricals Limited (BHEL), ABB India, Thermax, Alstom T&D India, Alstom India and Siemens are up between 1-2% on the BSE.
Vedanta on Sunday said it would merge its subsidiary Cairn India with itself for a larger natural resource play. Each Cairn India shareholder would be offered an equity share of Vedanta , besides a 7.5% redeemable preference share of Rs 10 face value. Vedanta has slipped nearly 1% while Cairn India has moved up by 4%.
Public-sector banks have put Rs 14,000 crore worth of non-performing assets (NPAs) up for sale, to ease some pressure exerted by stressed loans on their balance sheets. Among public sector banks, SBI, Punjab National Bank, Bank of India, Punjab & Sind Bank are trading lower up to 2%.
IT shares were trading mixed after losses last week after US government opened an investigation against two of the Indian IT outsourcing companies for possible violations of H1-B visa rules. Infosys and Wipro were up 1-2% each while TCS was trading marginally lower.
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