Articles by "M&M"
Mumbai, Jul 26: The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues.
NSE Nifty too touched a new peak of 11,172.20.
Short-covering of bets, today being the last session of July expiry in the derivatives segment, and strengthening rupee against the dollar, kept the overall market sentiment high.
The 30-share index crossed the 37,000-mark by jumping 156.42 points, or 0.42 per cent, to 37,014.65 in early trade today, breaching its previous intra-day record of 36,947.18 hit yesterday.
Strong gains in capital goods, FMCG, realty, banking, PSU, auto, healthcare, infrastructure, consumer durables and oil and gas stocks helped the index top the new milestone.
The NSE Nifty spurted 40.20 points, or 0.36 per cent, to hit a new peak of 11,172.20, surpassing its previous (intra-day) record of 11,171.55 hit on January 29.
Analysts said strong liquidity in the market following unabated buying by domestic institutional investors (DIIs) and encouraging Q1 earnings by some companies lifted the mood.
On a net basis, DIIs bought shares worth Rs 97.64 crore while foreign portfolio investors (FPIs) sold shares worth Rs 1,195.75 crore yesterday, provisional data showed.
Top gainers that helped Sensex scale its new peak were SBI, Bharti Airtel, Tata Motors, ITC, Coal India, L&T, ONGC, HDFC Bank, RIL, Maruti, M&M, Bajaj Auto, IndusInd Bank, Kotak Bank and HDFC, rising up to 1.79 per cent.
While, Asian Paints, Hero MotoCorp, Wipro and Infosys were among the top losers, shedding up to 1 per cent.
Asian stocks climbed tracking gains in US shares. US equities advanced yesterday, after US President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war.
Hong Kong's Hang Seng was up 0.56 per cent, Japan's Nikkei gained 0.02 per cent in early deals.
Shanghai Composite Index, however, shed 0.01 per cent.
The US Dow Jones Industrial Average ended 0.68 per cent higher yesterday. (PTI)
Mumbai, Jul 24: Extending yesterday's rally, the benchmark BSE Sensex jumped over 150 points to record a new high of 36,869.34 in early trade today on strong Asian cues amid buying by domestic institutional investors (DIIs).
The market rally was driven by strong activity on the metal, oil and gas, PSU, infrastructure, banking, FMCG and capital goods counters, rising up to 0.88 per cent.
The 30-share BSE index spurted by 150.74 points, or 0.41 per cent, to hit a new high of 36,869.34, surpassing its previous record of 36,749.69 clocked yesterday.
The gauge has gained 367.37 points in the past two sessions.
The 50-share NSE Nifty also rose 41.15 points, or 0.37 per cent, to 11,125.90.
Major gainers include Maruti Suzuki, Tata Motors, HUL, M&M, Tata Steel, Adani Ports, L&T, ICICI Bank, Coal India, IndusInd Bank, HDFC Bank, Infosys, Power Grid, Kotak Bank, SBI, Asian Paints, HDFC, Axis Bank, Sun Pharma and ITC, rising up to 1.42 per cent.
Foreign portfolio investors (FPIs) bought shares worth a net of Rs 259.37 crore and DIIs bought shares worth a net of Rs 124.82 crore yesterday, provisional data showed.
Traders said positive cues from other Asian markets and sustained foreign capital inflows, influenced sentiments here.
Japan's Nikkei rose 0.60 per cent, Shanghai Composite Index 1.59 per cent and Hong Kong's Hang Seng 1.50 per cent in early trade.
The US Dow Jones Industrial Average ended 0.06 per cent lower yesterday and Nasdaq closed up 0.28 per cent. (PTI)
Mumbai, Jul 17: The BSE Sensex recovered over 107 points to 36,431.17 in early trade today on fresh buying by investors after a sharp drop on global crude oil prices and a strengthening rupee.
The 30-share index, which had lost 224.64 points in the previous two sessions, rebounded 107.40 points, or 0.30 per cent, to 36,431.17 with stocks of oil & gas, FMCG, infrastructure, PSU, banking, consumer durables and auto sectors rising by up to 1.69 per cent.
Similarly, the broader NSE Nifty was trading 40.20 points, or 0.37 per cent, higher at 10,977.05.
Major gainers that supported the recovery were Tata Motors, Sun Pharma, Adani Ports, Yes Bank, Tata Steel, ICICI Bank, Vedanta Ltd, M&M, ONGC, RIL, Maruti Suzuki, Bajaj auto and Infosys.
Shares of state-run oil marketing companies such as HPCL, BPCL and IOC were back in demand and rose by up to 3.34 per cent, supported by a sharp fall in crude prices.
Shares of FMCG major Hindustan Unilever advanced 1.48 per cent to Rs 1,779.95 in early trade after the company yesterday posted a 19.17 per cent increase in standalone net profit at Rs 1,529 crore for the first quarter ended June 30.
Traders said besides encouraging earnings posted by some bluechip companies, a mixed trend at other Asian markets as investors tracked overnight gains on Wall Street, influenced trading sentiments here.
Investors were also awaiting US Federal Reserve Chairman Jerome Powell's first congressional testimony for hints on the pace of interest rate hikes, the added.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 625.68 crore, while domestic institutional investors (DIIs) offloaded shares worth a net of Rs 70.30 crore yesterday, provisional data showed.
Elsewhere in Asia, Japan's Nikkei rose 0.77 per cent, while Singapore Index was up 0.29 per cent in early trade today. However, Hong Kong's Hang Seng was down 0.92 per cent and Shanghai Composite Index fell 1.01 per cent.
The US Dow Jones Industrial Average ended 0.18 per cent higher in yesterday's trade. (PTI)
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