The Sensex rose 90.04 points to 26485.75 and the Nifty gained 23.45 points at 8132.30. About 1455 shares advanced against 637 declining shares on BSE.
Buzzing:
Pincon Spirit shares touched an all-time high of Rs 164, up 10 percent intraday after it listed on the National Stock Exchange. The upside was an addition to nearly 19 percent jump in previous session on Bombay Stock Exchange. The stock is already available for trading on the BSE since November 14, 2014. Kolkata-based spirit company had reported a whopping 53.1 percent jump in profit at Rs 25.5 crore and 42.6 percent rise in revenue at Rs 987.9 crore in FY16 compared with FY15. Operating profit (earnings before interest, tax, depreciation and amortisation) grew by 63.9 percent and margin expanded by 80 basis points in same period.
Equity benchmarks as well as broader markets remained positive on Asian cues and short covering after 4-day fall. Infra, telecom, auto, FMCG and select banking & financials gained while ICICI Bank, HDFC, TCS and Dr Reddy's Labs fell.
L&T, State Bank of India, Bharti Airtel, Hero Motocorp and NTPC gained 1-2.5 percent.
Mahesh Patil, Co-Chief Investment Officer of Birla Sun Life Asset Management Company, says any volatility in market would make for a good opportunity to buy stocks.
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ReplyDeleteL&T, State Bank of India, Bharti Airtel, Hero Motocorp and NTPC gained . Its good to see that. More live updates follow epic research.