Market Live: Nifty eyes 10,600 ahead of expiry; Realty index outshines after Mumbai Development Plan. Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent.
Shares of Mahindra & Mahindra Financial Services touched a 52-week high of Rs 532, rising 4.8 percent on the back of robust Q4 numbers.
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The company's Q4 (Jan-March) consolidated net profit rose 79.4 percent at Rs 513.1 crore against Rs 286 crore, in the same quarter last year.
Revenue was up 17.6 percent at Rs 2,497 crore versus Rs 2,123.1 crore.
Market Update: The market continued to trade mildly higher amid consolidation ahead of expiry of futures & options contracts for the month of April.
Revenue was up 17.6 percent at Rs 2,497 crore versus Rs 2,123.1 crore.
Market Update: The market continued to trade mildly higher amid consolidation ahead of expiry of futures & options contracts for the month of April.
The Nifty is gradually inching towards 10,600 on the day of expiry while Realty is the only major gainer among sectoral indices, rising 1.5 percent after approval to Mumbai Development Plan 2034.
Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent.
Buzzing: Shares of Mahindra & Mahindra Financial Services touched a 52-week high of Rs 532, rising 4.8 percent on the back of robust Q4 numbers.
The company's Q4 (Jan-March) consolidated net profit rose 79.4 percent at Rs 513.1 crore against Rs 286 crore, in the same quarter last year.
Revenue was up 17.6 percent at Rs 2,497 crore versus Rs 2,123.1 crore.
Gold Update: Gold prices were little changed after falling to their lowest in five weeks in the previous session, pressured by a stronger dollar, which held near more than three-month highs, and a rise in US Treasury yields.
Spot gold was up 0.05 percent at USD 1,323.66 per ounce, after falling by as much as 0.9 percent to USD 1,318.51 in the previous session, its lowest since March 21.
US gold futures gained 0.1 percent USD 1,324.7 an ounce, reports CNBC.
Oil prices were trading higher, with the US West Texas Intermediate (WTI) futures rising 0.53 percent to USD 68.41 a barrel.
Brent crude oil futures were 0.62 percent higher at USD 74.46 a barrel. The contract hit a high going back to November 2014 at USD 75.47 on Tuesday.
Rupee Recovers: The rupee recovered from 14-month low to trade higher by 11 paise at 66.79 against the US dollar on fresh selling of the dollar by exporters and banks amidst higher opening in domestic equity market.
Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.
Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent.
Buzzing: Shares of Mahindra & Mahindra Financial Services touched a 52-week high of Rs 532, rising 4.8 percent on the back of robust Q4 numbers.
The company's Q4 (Jan-March) consolidated net profit rose 79.4 percent at Rs 513.1 crore against Rs 286 crore, in the same quarter last year.
Revenue was up 17.6 percent at Rs 2,497 crore versus Rs 2,123.1 crore.
Gold Update: Gold prices were little changed after falling to their lowest in five weeks in the previous session, pressured by a stronger dollar, which held near more than three-month highs, and a rise in US Treasury yields.
Spot gold was up 0.05 percent at USD 1,323.66 per ounce, after falling by as much as 0.9 percent to USD 1,318.51 in the previous session, its lowest since March 21.
US gold futures gained 0.1 percent USD 1,324.7 an ounce, reports CNBC.
Oil prices were trading higher, with the US West Texas Intermediate (WTI) futures rising 0.53 percent to USD 68.41 a barrel.
Brent crude oil futures were 0.62 percent higher at USD 74.46 a barrel. The contract hit a high going back to November 2014 at USD 75.47 on Tuesday.
Rupee Recovers: The rupee recovered from 14-month low to trade higher by 11 paise at 66.79 against the US dollar on fresh selling of the dollar by exporters and banks amidst higher opening in domestic equity market.
Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.
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Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
The rupee opened higher by 2 paise at 66.88 against the US dollar at the Interbank Foreign Exchange market.
The domestic currency had tumbled 52 paise to hit a 14-month low of 66.90 against the US dollar, the third biggest single-day fall for the domestic currency this year, amid surging crude prices coupled with headwinds on the macro-economic front in form of widening trade deficit.
Benchmark indices opened flat on Thursday, the expiry day for April derivative contracts.
The 30-share BSE Sensex was up 46.40 points at 34,547.67 and the 50-share NSE Nifty rose 5.40 points to 10,575.90.
The rupee opened higher by 2 paise at 66.88 against the US dollar at the Interbank Foreign Exchange market.
The domestic currency had tumbled 52 paise to hit a 14-month low of 66.90 against the US dollar, the third biggest single-day fall for the domestic currency this year, amid surging crude prices coupled with headwinds on the macro-economic front in form of widening trade deficit.
Benchmark indices opened flat on Thursday, the expiry day for April derivative contracts.
The 30-share BSE Sensex was up 46.40 points at 34,547.67 and the 50-share NSE Nifty rose 5.40 points to 10,575.90.
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