Closing Bell: Sensex rises 162 pts, Nifty ends above 10,350; banks, FMCG lead, Nifty Bank, FMCG, PSU Bank and Private Bank indices gained 1 percent each.
Nifty Bank, FMCG, PSU Bank and Private Bank indices gained 1 percent each.
Market Closing: Benchmark indices closed higher on positive global cues as trade war tensions eased.
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The 30-share BSE Sensex was up 161.57 points at 33,788.54 and the 50-share NSE Nifty rose 47.80 points to 10,379.40.
Maruti Suzuki, HUL, ITC, IOC, HPCL and BPCL rallied up to 4 percent while Tata Motors, Infosys and Bharti Airtel were under pressure.
Maruti Suzuki, HUL, ITC, IOC, HPCL and BPCL rallied up to 4 percent while Tata Motors, Infosys and Bharti Airtel were under pressure.
Nifty Midcap index was up 65 points.
Lemon Tree Hotels jumped 29 percent.
Bombay Dyeing, Tata Global, Delta Corp, Jet Airways, Dish TV, Venky's, Godrej Agrovet, Take Solutions, Allahabad Bank, Union Bank and South Indian Bank gained up to 13 percent.
Jaypee Infratech, Dalmia Bharat, Just Dial and Kajaria Ceramics fell up to around 3 percent.
Lemon Tree Hotels jumped 29 percent.
Bombay Dyeing, Tata Global, Delta Corp, Jet Airways, Dish TV, Venky's, Godrej Agrovet, Take Solutions, Allahabad Bank, Union Bank and South Indian Bank gained up to 13 percent.
Jaypee Infratech, Dalmia Bharat, Just Dial and Kajaria Ceramics fell up to around 3 percent.
Morgan Stanley on Titan: Morgan Stanley has maintained its Overweight rating on the stock with a target price at Rs 1,050, citing likely strong operating profit growth for jewellery and watch segments in Q4FY18.
Revenue growth and operating profits for jewellery and watches have been strong and Titan will achieve its guidance of 2.5x jewellery business revenues by FY22, the global brokerage house feels.
Morgan Stanely expects revenue/EBITDA/net profit to grow 16/63/55 percent in Q4FY18.
3:10 pm Buzzing: Nitesh Estates rallied more than 3 percent as the Company has obtained approval from Bangalore Development Authority ( BDA) for its Nitesh Virgin Island project.
This project is spread around 8 acre of land will have high rise towers with high-class residential units, aggregating to over million sq.ft of development.
The project will yield a turnover of around Rs 370 crore to the company, it said.
Revenue growth and operating profits for jewellery and watches have been strong and Titan will achieve its guidance of 2.5x jewellery business revenues by FY22, the global brokerage house feels.
Morgan Stanely expects revenue/EBITDA/net profit to grow 16/63/55 percent in Q4FY18.
3:10 pm Buzzing: Nitesh Estates rallied more than 3 percent as the Company has obtained approval from Bangalore Development Authority ( BDA) for its Nitesh Virgin Island project.
This project is spread around 8 acre of land will have high rise towers with high-class residential units, aggregating to over million sq.ft of development.
The project will yield a turnover of around Rs 370 crore to the company, it said.
Market Update: Benchmark indices remained strong in afternoon, with the Sensex rising 177.90 points to 33,804.87 and the Nifty up 51.90 points at 10,383.50.
About 1,600 shares advanced against 1,052 declining shares on the BSE.
Nifty Bank, FMCG, PSU Bank and Private Bank indices gained 1 percent each.
About 1,600 shares advanced against 1,052 declining shares on the BSE.
Nifty Bank, FMCG, PSU Bank and Private Bank indices gained 1 percent each.
Order Win: State-run transmission utility Power Grid Corporation said it has bagged project management consultancy contract of Rs 21 crore from Power Grid Company of Bangladesh.
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"Power Grid has secured project management consultancy contract for construction of 1x500 MW HVDC back to back station at Comilla North (Bangladesh) to transfer power through Surjamaninagar (India) - Comilla North (Bangladesh) with an estimated project cost of Rs 1,064 crore and consultancy fee of Rs 21 crore from Power Grid Company of Bangladesh (PGCB)," a Power Grid Corp of India said in a statement.
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