Market Live: Nifty reclaims 10,500, midcaps outperform; metals, pharma shine. Investors await Infosys Q4 earnings due later in the day.
Market Live: Nifty reclaims 10,500, midcaps outperform; metals, pharma shine
Investors await Infosys Q4 earnings due later in the day.
Investors await Infosys Q4 earnings due later in the day.
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China's exports growth unexpectedly fell in March, the first drop since February last year, raising questions about the health of one of the economy's key growth drivers even as trade tensions rapidly escalate with the United States.
March import growth beat expectations, however, suggesting its domestic demand may still be solid enough to cushion the blow from any trade shocks. That left China with a rare trade deficit for the month, also the first drop since last February.
The latest readings on the health of China's trade sector follow weeks of tit-for-tat tariff threats by Washington and Beijing, sparked by US frustration with China's massive bilateral trade surplus and intellectual property policies, that have fueled fears of a global trade war.
China's March exports fell 2.7 percent from a year earlier, lagging analysts' forecasts for a 10.0 percent increase, and down from a sharper-than-expected 44.5 percent jump in February, which economists believe was heavily distorted by seasonal factors, reports Reuters.
NBCC has signed a MoU with Skill Development Institute (SDI), Bhubaneswar for planning, designing and construction of 'Skill Development Institute' on April 12, 2018 amounting Rs 300 crore (approximately) wherein NBCC will work as project management consultant at 7 percent fees.
The stock gained a percent.
Ashok Leyland, flagship of the Hinduja Group and the largest suppliers of mobility solutions to the Indian Army, has won another critical order from the Ministry of Defence (MOD).
The contract is for supplying High Mobility 10x10 vehicles (HMV 10x10).
This order will end a long search by the Indian Army, who have been looking for HMV 10x10s to carry the Smerch Rockets, this initial order is worth over Rs 100 crores.
The stock price rallied 3 percent.
Market Update: Benchmark indices continued to trade higher after macro data, as investors look for Infosys earnings due later in the day.
The 30-share BSE Sensex was up 142.69 points at 34,243.82 and the 50-share NSE Nifty rose 39.30 points to 10,498.
The market breadth breadth was positive as about two shares advanced for every share falling on the BSE.
Rupee Outlook: Bhaskar Panda of HDFC Bank told CNBC-TV18 that the risk appetite will be back in play after the US President softened his stance both on Syria and ongoing trade war with China.
In India, the USD-INR should benefit in the beginning and trade in a range of 65.20-65.35 against the US dollar, he feels.
Earnings Poll: Country's second largest software services exporter, Infosys, is set to kick start the March quarter earnings season today. Not just Infosys, the entire IT sector outperformed the benchmark Nifty50 index during the January-March period. It is a seasonally weak quarter for Infosys but analysts expect numbers to be good compared to the previous year.
The IT firm gained 8.6 percent and the Nifty IT index was up 7 percent while the Nifty50 fell 4 percent in Q4FY18. This indirectly indicates the sector concerns seem to have bottomed out and there could be better growth going ahead.
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The latest readings on the health of China's trade sector follow weeks of tit-for-tat tariff threats by Washington and Beijing, sparked by US frustration with China's massive bilateral trade surplus and intellectual property policies, that have fueled fears of a global trade war.
China's March exports fell 2.7 percent from a year earlier, lagging analysts' forecasts for a 10.0 percent increase, and down from a sharper-than-expected 44.5 percent jump in February, which economists believe was heavily distorted by seasonal factors, reports Reuters.
NBCC has signed a MoU with Skill Development Institute (SDI), Bhubaneswar for planning, designing and construction of 'Skill Development Institute' on April 12, 2018 amounting Rs 300 crore (approximately) wherein NBCC will work as project management consultant at 7 percent fees.
The stock gained a percent.
Ashok Leyland, flagship of the Hinduja Group and the largest suppliers of mobility solutions to the Indian Army, has won another critical order from the Ministry of Defence (MOD).
The contract is for supplying High Mobility 10x10 vehicles (HMV 10x10).
This order will end a long search by the Indian Army, who have been looking for HMV 10x10s to carry the Smerch Rockets, this initial order is worth over Rs 100 crores.
The stock price rallied 3 percent.
Market Update: Benchmark indices continued to trade higher after macro data, as investors look for Infosys earnings due later in the day.
The 30-share BSE Sensex was up 142.69 points at 34,243.82 and the 50-share NSE Nifty rose 39.30 points to 10,498.
The market breadth breadth was positive as about two shares advanced for every share falling on the BSE.
Rupee Outlook: Bhaskar Panda of HDFC Bank told CNBC-TV18 that the risk appetite will be back in play after the US President softened his stance both on Syria and ongoing trade war with China.
In India, the USD-INR should benefit in the beginning and trade in a range of 65.20-65.35 against the US dollar, he feels.
Earnings Poll: Country's second largest software services exporter, Infosys, is set to kick start the March quarter earnings season today. Not just Infosys, the entire IT sector outperformed the benchmark Nifty50 index during the January-March period. It is a seasonally weak quarter for Infosys but analysts expect numbers to be good compared to the previous year.
The IT firm gained 8.6 percent and the Nifty IT index was up 7 percent while the Nifty50 fell 4 percent in Q4FY18. This indirectly indicates the sector concerns seem to have bottomed out and there could be better growth going ahead.
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Analysts on an average expect 2 percent dollar revenue growth and over a percent constant currency growth in Q4 YoY while the constant currency revenue guidance is expected to be around 6-8 percent.
Rupee Trade: After opening higher, the rupee shed 3 paise to 65.29 against the US dollar despite better-than-expected inflation numbers released yesterday.
Yesterday, the rupee staged an impressive recovery from its five-month low towards the fag-end and closed higher by 5 paise to close at 65.26 against the US dollar.
Rupee Trade: After opening higher, the rupee shed 3 paise to 65.29 against the US dollar despite better-than-expected inflation numbers released yesterday.
Yesterday, the rupee staged an impressive recovery from its five-month low towards the fag-end and closed higher by 5 paise to close at 65.26 against the US dollar.
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