Monday, January 21, 2019

MARKET SUMMARY 21-JAN-19


FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>
Monday's market session has ended on positive note.The Sensex ended at 36,579, up 192 points, while the Nifty settled at 10,962, up 55 points. Nifty Pharma index was the top gainer, rising 0.52 % higher led by Sun Pharmaceutical Industries and Biocon. The Nifty IT index, too, rose 0.49 % led by Infosys and NIIT Technologies. Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade .Kotak Mahindra Bank on Monday reported a 23 % year-on-year  jump in standalone profit-after-tax at Rs 1,291 crore for the December quarter, slightly better than Rs 1,273 crore .Shares of Reliance were quoting higher by 4.4% at Rs 1,237 apiece at the fag-end of the trading session on Monday , gaining 9 % in the past two trading days on BSE, after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in October-December quarter . The company had logged profit of Rs 9,420 crore in the year-ago quarter. Shares of Larsen& turbo  recovered after falling 3% to Rs 1,275 apiece on BSE  even as the Securities and Exchange Board of India denied approval to the company’s Rs 9,000-crore share buy back plan citing compliance issues over its post-buyback debt-equity ratio. Shares of ITI surged 10 percent after company received purchase order from Gujarat Fibre Grid Network  under Bharat Net Phase II project.
Reliance Industries, Sun Pharma, Infosys, Bajaj Finance and TCS are the top gainers .
On the other hand: yes bank, wipro,hero motocorp were the top losers

1 comment: