Showing posts with label ITC. Show all posts
Showing posts with label ITC. Show all posts

Friday 26 May 2017

Sensex, Nifty hit record high levels for first time ever

Stock news, Market Update, stock tips, intraday call
The key benchmark indices Sensex and Nifty surged on broad-based buying support. On closing, the BSE Sensex, up 278.18 points or 0.90 percent to 31,028.21, while the Nifty-50 rose 85.35 points or 0.90 percent to 9,595.10. The both indices hit their respective record high levels in late trade. The broader, BSE Mid-Cap rose 2.06 percent and the Small-Cap index rose 1.60 percent, both these indices outperformed the BSE Sensex.
Stocks of private sector banks, metals and auto stocks were the Nifty gainers, while pharma stocks continued to bleed on the back of sluggish outlook. HPCL and ITC gained on the back of positive earnings, while large caps like Reliance Industries contributed majorly to the market’s gain.
ITC rose 2.14% to Rs 306.10 after company’s net profit jumped 12.13% to Rs 2,669.47 cr. Reliance Industries surged 2.69% to Rs 1,338, hitting a high of and low of Rs 1,344 and Rs 1,301, respectively.
Sun Pharm lost 4.44% to Rs 565.55, while Metal shares rose. Jindal Steel & Power went up 5.57%, Tata Steel rose 5.57% Vedanta jumped 4.32%, Steel Authority of India went up 3.68% among others.
Asian stocks ended on a mixed note and most European stocks were trading lower as a slouch in crude prices spoiled global risk appetite.

Monday 22 May 2017

Sensex, Nifty edge higher as FMCG stocks rise, L&T ITC top gainers

Money Maker Reseach, Investment Advisory, FMCG, ITC
The benchmark BSE Sensex, Nifty closed on higher note on Monday, with consumer stocks like ITC Ltd leading, due to investor’s sentiment got boosted after the govt last week finalized rates for the upcoming GST.  The  BSE Sensex closed higher by 106 pts, or 0.35 percent, to 30,571, while the NSE Nifty-50  index rose 12 pts, or 0.12 percent to 9,439.
The NSE FMCG index gained 2.9% as a record high. Shares of SBI today fell 2.5% percent as investors were watchful on the outlook of its assets quality on the merger of its 5 subsidiary banks, after it reported consolidated loss. SBI merged with the 5 associates and Bharatiya Mahila Bank on first April.
ITC LImited rose 4.8% to an all-time high, while HUL Ltd gained 2 percent. Suzlon Energy Ltd surged 8 percent  to its highest since 6 January 2016 after the renewable energy major posted a Q4 net profit compared with loss a year earlier. Tata Power Ltd  down nearly 4.3% at its lowest since February,  and was among the major losers on the NSE index.
Jet Airways, InterGlobe Aviation and  Spicejet, extended losses. Stock of Jet Airways closed at Rs 480.80/ share, down by 7.40 percent.
Metal shares ended lower. Bhushan Steel slipped 3.66%, Hindustan Copper down 2.71%, JSW Steel shed 0.85%, Hindalco Industries went down 0.84%, Vedanta Ltd down 0.61% and Tata Steel shed 0.49%, among others.

Wednesday 12 April 2017

Markets end lower, Nifty closed at 9,203 levels; Tata Steel top Nifty loser

Stock Market Update, Today's Equity news, Equity market advice
In Wednesday’s choppy trading session, the NSE Nifty closed 9203 or 0.33%, whereas BSE Sensex closed at 29, 643 levels down by 144 points or 0.49%. There were 1095 advances, 1778 declines and 149 unchanged stocks on NSE reflecting fairly negative bias floating in the market.
Tata Steel Ltd was the top Nifty loser, lower by 2.2% at 477.5 per share, while Bosch Ltd was the top Nifty gainer higher by 3.7% higher at Rs. 23,600 per share.
BSE Mid-cap index closed lower by 0.22% at 14,346 level, whereas BSE Small-cap index closed lower by 0.49% at 14,852 level.
The ITC Limited was touching its intraday high of Rs 285 per share in the afternoon hours today, but later slipped further to close at Rs 281.8 per share down by 0.12%.

 

Friday 17 March 2017

Nifty ends at record close 9150


Money Maker Research, GST, ITC, Market Update, Today's Stocks news
Key Benchmarks ended the week end on a flat note after registering fresh highs intraday as investors are likely to have booked profits in the rally seen during the week. The BSE Sensex settled the day at 29,649, up 63 points, while the broader Nifty50 ended at 9,160, up 6.35 points or 0.07%. The market breadth was downbeat. About 1,225 shares advanced, while 1,593 shares declined, and 204 shares are unchanged.
The cigarette maker ITC rose over 7% at intra-day after the GST Council capped the tax on tobacco products.  ITC ended 4.6% higher along with other cigarette stocks such as Godfrey Phillips, and Golden Tobacco gained today on the BSE. Telecom index was the top sectoral laggards, going down 2.7% with Bharti Airtel dragging the index.  PSU banks and telecom stocks also witnessed a fall.
Overseas, European stocks edged lower since investors take a sigh from a global equity market rally that has pressed U.K stocks to record highs.


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