Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 24, Monday 2018 7:26 AM       

       HEADLINES: Franco Mulackal should be subjected to lie detector test, says police                                              Fr. Mathew Manavath raises allegation against Kerala BJP                                              Body of toddler found                                              Bishop brought to Kuruvilangad convent, evidence collected                                              CM reaches office                                              PM Modi to launch Ayushman Bharat today                                              PM to inaugurate Sikkim's first airport Monday                                              Japanese supply ship heads to space station after delays                                              Russia warns US it is 'playing with fire' with sanctions                                              Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks                                              Gavaskar impressed with Rohit Sharma's captaincy                                              Hasan, Asghar, Rashid fined 15 per cent of their match fees                                              Kaumudi Facebook
       BUSINESS Next Article: Gold futures gain 0.06% on global cues  
       Sensex nears all-time high; TCS shines on Q1 show
 
         Posted on :01:13:10 Jul 12, 2018
   
A A
       Last edited on:01:13:10 Jul 12, 2018
         Tags: Sensex nears all-time high; TCS shines on Q1
 
Mumbai: Benchmark Sensex rose for the fourth session today to perch near its all-time peak, powered by a sharp rally in IT bellwether TCS following strong quarterly results.
 
The BSE Sensex rose over 26 points to close at 36,265.93 -- just shy of its lifetime closing high of 36,283.25 hit on January 29. The 30-share barometer has now gained 691.38 points in just four sessions.
 
TCS spurted 5.47 per cent to its lifetime high of Rs 1,979.60, topping the Sensex gainers list, after the company yesterday posted a 23.4 per cent rise in consolidated net profit for the June quarter.
 
The better-than-expected numbers buoyed sentiment for the entire IT pack, with the BSE IT index gaining 2.38 per cent, outpacing its sectoral peers by a wide margin.
 
Domestic investor sentiment remains upbeat following a good start to the results season, offsetting a weak global trend, brokers said.
 
Asian markets went into a tailspin after the US said it will impose tariffs on an additional USD 200 billion of Chinese imports, ratcheting up global trade tensions.
 
Back home, the Sensex opened on a strong footing on optimistic buying by participants and touched a high of 36,362.30.
 
However, it shed some ground on profit-booking and slipped to touch a low of 36,169.70, before finally finishing at 36,265.93, up by 26.31 points, or 0.07 per cent.
 
The 50-share NSE Nifty too closed at 10,948.30, up just 1.05 points, or 0.01 per cent, after moving between 10,976.65 and 10,923.
 
Meanwhile, domestic institutional investors (DIIs) net bought equities to the tune of Rs 293.96 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 20.73 crore yesterday, provisional data showed. 
 
 
 
"Improving outlook on IT index helped the market to keep its positive momentum while escalation in trade tensions between US and China capped the upside. 
 
"Expectations of better Q1 result and decline in oil price will support market to prolong the current stability. Progressing monsoon and higher MSP gives leeway for consumption oriented sector to come to the limelight," said Vinod Nair, Head of Research, Geojit Financial Services.
 
Other Sensex gainers included Bajaj Auto 2.11 per cent, HUL 1.59 per cent, Infosys 1.37 per cent, RIL 1.03 per cent, Axis Bank 0.76 per cent, Adani Ports 0.72 per cent, Kotak Bank 0.71 per cent and Wipro 0.65 per cent.
 
However, Coal India fell 4.59 per cent, Vedanta 3.52 per cent, Tata Motors 2.74 per cent, Tata Steel 2.24 per cent, SBI 1.75 per cent, Bharti Airtel 1.69 per cent, ICICI Bank 1.66 per cent, Maruti Suzuki 1.49 per cent and Hero Motocorp 1.43 per cent, among others.
 
Sectorally, the BSE IT advanced 2.38 per cent, followed by teck 1.94 per cent, realty 0.55 per cent and FMCG 0.43 per cent.
 
Metal was the top loser, sinking 3.10 per cent, following a slump in global commodity prices.
 
PSU fell 1.57 per cent, auto 0.99 per cent, consumer durables 0.61 per cent, capital goods 0.57 per cent, infrastructure 0.50 per cent, bankex 0.48 per cent, oil and gas 0.46 per cent, power 0.38 per cent and healthcare 0.38 per cent.
 
The BSE mid-cap and small-cap indices ended in the red, losing 0.67 per cent and 0.33 per cent, respectively.
 
In other Asian markets, Japan's Nikkei ended 1.19 per cent lower, Singapore fell 0.79 per cent and Shanghai Composite Index lost 1.76 per cent.
 
In Europe, Paris CAC was down by 0.80 per cent, while Frankfurt's DAX fell 0.80 per cent in their early deals. London's FTSE too was down 1.31 per cent.
A A
       BUSINESS
Next Article: Gold futures gain 0.06% on global cues
 
 
BUSINESS HEADLINES
Fed rate decision, rupee, crude oil to drive markets this week: Experts  
"RBI unlikely to hike repo rate in Oct despite weak INR"  
OYO to hire over 2,000 tech experts, engineers by 2020  
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
Dena Bank surges 20%; BoB tumbles 14% post merger announcement  
Vijaya Bank, Dena Bank, BoB to merge: Govt  
Mother Dairy won't cut prices despite Patanjali's cheaper cow milk  
Union Bank of India exits Antwerp diamond market  
Naidu discusses bilateral cooperation in trade and defence with Serbian President  
FundzBazar crosses 2 lakh investors milestone  
Ramdev Baba’s Patanjali launches cow milk, french fries and more  
United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
 
Do you agree with Rahul's allegation against Modi over Rafale deal?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy