After a lot of struggle, the market ended with gains. The Sensex was up 87.74 points at 27661.40 and the Nifty ended up 32 points at 8360.55. About 1415 shares have advanced, 1371 shares declined, and 176 shares are unchanged. Vedanta, Sun Pharma, HDFC Bank, L&T and BHEL are top gainers in the Sensex. Among the losers are Bharti Airtel, HUL, TCS, GAIL and ONGC.
the sectoral front, BSE FMCG, Auto, IT indices are trading lower up to 1.2%. However, BSE Capital Goods, Healthcare and Metal indices are trading higher up to 1%.
Capital Goods shares are among the top gainers on expectations of higher industrial growth in May, the data for which is expected later today. L&T is up 1% while BHEL gained 1.7% after the state-owned company said it has successfully commissioned the second 500 megawatts (MW) unit at Tuticorin Thermal Power Station (TPS).
Shares of telecom companies are trading lower after the govt ordered special audit of mobile networks to check call drops, according to media reports. Bharti Airtel falls 3%, Idea Cellular is down 3% while Reliance Communications is trading flat.
Bank shares are showing an uptrend as investors bought the shares at attractive valuations.HDFC Bank, ICICI Bank, Axis Bank and SBI are up 0.5-1.5% each.
IT shares were trading mixed with Infosys and Wipro up 0.6-1% each while TCS was down post its first quarter earnings. Wipro is set to acquire Designit, a Denmark-based global strategic design firm, for Euro 85 million (Rs 595 crore, or $94 million).
Maruti pared early gains and is trading flat. The passenger car major announced that its Celerio model that was launched in 2014 has sold over 1,00,000 units.
FMCG majors lost ground on concerns that an uptick in inflation amid fears of poor monsoon and unfavorable business environment in the rural markets hurt the sentiments. HUL is down 2.6% while ITC lost 0.6%.
Emami, GlaxoSmithKline Consumer Healthcare, Colgate Palmolive (India) and Dabur India are down between 1% -5%.
The market breadth is slightly positive with 1,389 advances versus 1,309 declines on the BSE.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStars & also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free , Intraday Trading Tips , Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
the sectoral front, BSE FMCG, Auto, IT indices are trading lower up to 1.2%. However, BSE Capital Goods, Healthcare and Metal indices are trading higher up to 1%.
Capital Goods shares are among the top gainers on expectations of higher industrial growth in May, the data for which is expected later today. L&T is up 1% while BHEL gained 1.7% after the state-owned company said it has successfully commissioned the second 500 megawatts (MW) unit at Tuticorin Thermal Power Station (TPS).
Shares of telecom companies are trading lower after the govt ordered special audit of mobile networks to check call drops, according to media reports. Bharti Airtel falls 3%, Idea Cellular is down 3% while Reliance Communications is trading flat.
Bank shares are showing an uptrend as investors bought the shares at attractive valuations.HDFC Bank, ICICI Bank, Axis Bank and SBI are up 0.5-1.5% each.
IT shares were trading mixed with Infosys and Wipro up 0.6-1% each while TCS was down post its first quarter earnings. Wipro is set to acquire Designit, a Denmark-based global strategic design firm, for Euro 85 million (Rs 595 crore, or $94 million).
Maruti pared early gains and is trading flat. The passenger car major announced that its Celerio model that was launched in 2014 has sold over 1,00,000 units.
FMCG majors lost ground on concerns that an uptick in inflation amid fears of poor monsoon and unfavorable business environment in the rural markets hurt the sentiments. HUL is down 2.6% while ITC lost 0.6%.
Emami, GlaxoSmithKline Consumer Healthcare, Colgate Palmolive (India) and Dabur India are down between 1% -5%.
The market breadth is slightly positive with 1,389 advances versus 1,309 declines on the BSE.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStars & also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free , Intraday Trading Tips , Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
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