All sectoral indices, barring IT, are trading in the green. Midcaps are trading strong, with the Nifty Midcap index up almost a percent.
Buzzing: Shares of Sintex Plastics Technology touched a 52-week low of Rs 34.30, down 7 percent on the back of poor June quarter numbers.
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The company's Q1 profit falls 47 percent to Rs 37.53 crore versus Rs 70.56 crore, YoY but turned profitable compared to a loss at Rs 12.49 crore reported in March quarter.
Revenue from operations drops 12.2 percent to Rs 1,325 crore versus Rs 1,509 crore, YoY, but increases 2.5 percent from Rs 1,292.56 crore .
The annual general meeting of the company is scheduled to be held on September 17, 2018.
Revenue from operations drops 12.2 percent to Rs 1,325 crore versus Rs 1,509 crore, YoY, but increases 2.5 percent from Rs 1,292.56 crore .
The annual general meeting of the company is scheduled to be held on September 17, 2018.
Market Update: Equity benchmarks continued to trade in the green, with the Nifty hovering above 10,950.
The Sensex is up 60.89 points or 0.17% at 36384.66, while the Nifty is up 23.90 points or 0.22% at 10960.80. The market breadth is narrow as 1003 shares have advanced, 788 shares declined, while 115 shares are unchanged.
After witnessing a flat opening, benchmark indices have extended their gains, with the Sensex trading over 100 points higher, while the Nifty is well above 10,950.
The Sensex is up 107.68 points or 0.30% at 36431.45, while the Nifty is up 40.30 points or 0.37% at 10977.20. The market breadth is positive as 851 shares advanced, against a decline of 543 shares, while 79 shares are unchanged.
Shares of Tata Motors, Tata Steel, HPCL, and GAIL were the top gainers, while HUL and NTPC have lost the most.
Market Opens: It’s a flat start to the market on Tuesday morning, with the Nifty opening below 10,950-mark.
The Sensex is down 24.41 points or 0.07% at 36299.36, while the Nifty is up 0.30 points or 0.00% at 10937.20. The market breadth is narrow as 260 shares advanced, against a decline of 175 shares, while 46 shares are unchanged.
IT stocks are trading in the red, while other sectoral indices are trading flat with a negative bias. Energy index is trading higher on the back of fall in crude prices.
Shares of Hindustan Unilever is trading flat post its Q1 results. Sun Pharma, Bharti Airtel, HPCL, and IOC are the top gainers, while Vedanta, Axis Bank, and Dr. Reddy’s Labs have lost the most.
The Sensex is up 60.89 points or 0.17% at 36384.66, while the Nifty is up 23.90 points or 0.22% at 10960.80. The market breadth is narrow as 1003 shares have advanced, 788 shares declined, while 115 shares are unchanged.
After witnessing a flat opening, benchmark indices have extended their gains, with the Sensex trading over 100 points higher, while the Nifty is well above 10,950.
The Sensex is up 107.68 points or 0.30% at 36431.45, while the Nifty is up 40.30 points or 0.37% at 10977.20. The market breadth is positive as 851 shares advanced, against a decline of 543 shares, while 79 shares are unchanged.
Shares of Tata Motors, Tata Steel, HPCL, and GAIL were the top gainers, while HUL and NTPC have lost the most.
Market Opens: It’s a flat start to the market on Tuesday morning, with the Nifty opening below 10,950-mark.
The Sensex is down 24.41 points or 0.07% at 36299.36, while the Nifty is up 0.30 points or 0.00% at 10937.20. The market breadth is narrow as 260 shares advanced, against a decline of 175 shares, while 46 shares are unchanged.
IT stocks are trading in the red, while other sectoral indices are trading flat with a negative bias. Energy index is trading higher on the back of fall in crude prices.
Shares of Hindustan Unilever is trading flat post its Q1 results. Sun Pharma, Bharti Airtel, HPCL, and IOC are the top gainers, while Vedanta, Axis Bank, and Dr. Reddy’s Labs have lost the most.
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Rupee opens: The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.
The rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.
In the last few sessions, crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that the US could tap its Strategic Petroleum Reserve, which would add supply to the market. Sharp sell-off in crude oil prices is expected to support the rupee in the intraday session.
The rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.
In the last few sessions, crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that the US could tap its Strategic Petroleum Reserve, which would add supply to the market. Sharp sell-off in crude oil prices is expected to support the rupee in the intraday session.
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