Maruti Continues Its Upmove Trend, Closes At 1-month High##Maruti Continues Its Upmove Trend, Closes At 1-month High

Jul 4, 2018 3:47 PM

Bajaj Auto Rallies Over 4%##Bajaj Auto Rallies Over 4%

Jul 4, 2018 3:46 PM

Second Half Gains Help Market Close At Day’s High##Second Half Gains Help Market Close At Day’s High

Jul 4, 2018 3:45 PM

Closing Bell: Sensex surges over 260 points, Nifty at 10770##Closing Bell: Sensex surges over 260 points, Nifty at 10770

The BSE Sensex closed higher by 266.80 points, or 0.75 percent, to 35,645.40, while the NSE Nifty 50 ended 70.00 points up, or 0.65 percent, to 10,769.90. Financials were top contributors to Nifty gains with HDFC twins being top gainers. Besides financials, auto stocks continued the upmove trend after reporting strong sales in the month of June. The 4-wheeler major Maruti closed at 1-month high and Bajaj auto surged 4%. Also, shares of auto parts and equipment makers, Bharat Forge and MM Forgings gained.

Asian stocks closed in negative territory, with China markets failing to sustain gains notched in the last session as trade jitters continued to simmer ahead of a deadline when tariffs are due to take effect. In Japan, the Nikkei 225 declined 0.3% to close at 21,717, notching a third consecutive session of declines. Hong Kong's Hang Seng Index fell 1%, extending the previous session's losses, with the heaviest declines seen in the energy and real estate sectors. On the mainland, the Shanghai composite tracked lower once again, falling 0.9% 4 percent to close at 2,760.59 after recording late gains in the previous trading session.

Jul 4, 2018 3:43 PM

Grasim sinks to more than year-low##Grasim sinks to more than year-low

Shares of Grasim Industries Ltd fall as much as 2.5 percent to Rs 961.35, their lowest since June 27, 2017. Stock breaks below a support at Rs 270, the 50 percent Fibonacci retracement level of the uptrend from November 21, 2016 low to November 2, 2017 high. (From Reuters)

Jul 4, 2018 3:26 PM

Market extends gains

Jul 4, 2018 2:51 PM

Sensex and Nifty at day's high ## Sensex and Nifty at day's high

The Sensex and Nifty is trading at day's high with the Sensex rising above 200 points. Th Cabinet committee has also approved the proposal to raise minimum support price for Kharif crops. The Nifty is trading above 10,500 levels while Nifty Midcap continues to underperfporm.

Jul 4, 2018 2:50 PM

Rajnath Singh says farmers had failed to get the right price for their produce since independence and expect imports to come down with a rise on MSP of pulses.

Jul 4, 2018 2:46 PM

Rupee erases gains against the US dollar ## Rupee erases gains against the US dollar

Jul 4, 2018 1:50 PM

Agri Min, NITI Aayog yet to come back with revised proposal on MSP schemes, says a Govt offical ## Agri Min, NITI Aayog yet to come back with revised proposal on MSP schemes, says a Govt offical

Jul 4, 2018 1:35 PM

Gujarat Pipavav Port rises on Credit Suisse upgrade##Gujarat Pipavav Port rises on Credit Suisse upgrade

Gujarat Pipavav Port Ltd rises as much as 4.5 percent to Rs 108.5 - its biggest intraday percent gain in nearly 4 weeks. Credit Suisse (CS) upgraded Gujarat Pipavav Port to “outperform” from “neutral”, citing 40 percent correction in its share price from Q2 FY17-end levels, buoyant container sector growth, recent line addition and attractive valuations.

The stock has strong operating leverage as incremental EBITDA contribution of volumes is high and there can be a margin upside as well with recovery in volumes, according to CS, while adding that concession extension is likely in its view. Even otherwise, it doesn’t see a downside from current level of stock price. CS has cut target price to Rs 135 from Rs 145. The stock has been down about 24 percent this year as of last close. (From Reuters)

Jul 4, 2018 1:22 PM

Kwality falls by circuit limit to near 5-year low##Kwality falls by circuit limit to near 5-year low

Dairy products manufacturer Kwality Ltd’s shares hit lower price band at 4.86 percent. The company’s shares slipped to Rs 20.55, lowest since October 2013. The Board decided to defer decision on share buyback, bonus issue and payment of interim dividend, company said late Tuesday. Kwality stock had shed nearly 81 percent this year as of last close. (From Reuters)

Jul 4, 2018 1:17 PM

Cabinet nod to higher MSP for Kharif crops for 2018-19##Cabinet nod to higher MSP for Kharif crops for 2018-19

Jul 4, 2018 1:13 PM

Market update: Sensex, Nifty advance##Market update: Sensex, Nifty advance

The BSE Sensex and the NSE Nifty 50 are currently trading in the green. The Sensex was trading higher by 72.06 points, or 0.20 percent, to 35,450.66, while the Nifty rose by 17.25 points, or 0.16 percent, to 10,717.15 at 1pm. As many as 24 stocks advanced on the NSE against 25 declines, while 1 stock remain unchanged. Sectoral indices on the NSE were mixed, with Nifty Bank, Auto, Fin Service, Pharma, Pvt Bank in the positive zone, while FMCG, IT, Media, Metal, PSU Bank, Realty were in the red. Nifty Pharma gained the most with 1 percent rise, while the PSU Bank declined the most at 0.84 percent.

Jul 4, 2018 1:08 PM

The Cabinet committee has approved the proposal to minimum support price (MSP) for Kharif crops.

Jul 4, 2018 12:30 PM

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