Benchmark indices ended at record high levels in today’s trading session with gains led by banking and financial stocks.
By Mr. Aamar Deo Singh, Head Advisory, Angel Broking Ltd
Nifty went up by 1.00% or 151.40 points and closed above the 15,000-mark at 15,314.70, while S&P BSE Sensex surged by 1.18% or 609.83 points and closed at 52,154.13 points. Around 1,337 shares advanced and 1,648 shares declined while 149 shares remained unchanged.
Axis Bank (6.21%), ICICI Bank (4.16%), SBI (4.03%), Bajaj Finance (3.58%), and IndusInd Bank (3.08%) were among top Nifty gainers. In contrast, SBI Life (2.27%), HDFC Life (2.05%), Dr. Reddy’s Laboratories (1.80%), Tata Steel (1.47%), and TCS (1.31%) were among the top Nifty losers.
On the sectoral front, Bank Nifty rose by 3.3%, PSU Banks gained over 2.3%, and BSE Realty surged by 1.4%. BSE Midcap and BSE Smallcap jumped by 1.40% and 0.37% respectively.
Motherson Sumi Systems Ltd.
Motherson Sumi’s stocks surged 7.07% and traded at Rs. 211.25 as the investors appreciated the auto ancillary company’s December earnings. The firm witnessed a four-fold jump in its consolidated net profit. The firm’s returns were better than expected.
Vodafone Idea Ltd.
Vodafone Idea’s stocks tripped 3.20% and traded at Rs. 12.10 after the company reported its profits for the quarter ended December. The firm’s consolidated net losses declined. However, the firm continues to operate at a loss.
Apollo Hospitals Enterprise Ltd.
Apollo Hospital’s stocks surged by a whopping 13.10% and traded at Rs. 3,108.00 after the company reported better than expected results for the December quarter. The firm’s consolidated net profit was up by 49.14% and stood at Rs. 134.16 crores in Q3 due to reduced expenses.
Deepak Nitrite Ltd.
The firm’s stocks rose by 6.51% and traded at Rs. 1,183.00 as the company delivered strong operational performance. The firm’s consolidated earnings before EBITDA grew by 25% while the revenue rose by 9%.
TVS Motor Company Ltd.
TVS Motor’s stocks fell by 0.69% and traded at Rs. 632.05 after the company announced a new partnership with Public Motors. Public Motor is a part of the reputed Ghaf Investments L.L.C. in the UAE.
The Indian rupee traded 16 paise higher and closed at Rs. 72.59 against the U.S. Dollar amid buying seen in the domestic equity market.
Positive Global Market Cues
Asian and European shares advanced to record highs in today’s session. FTSE 100 rose by 1.45%, FTSE MIB went up by 0.75%, Nikkei 225 grew by 1.91%, and Hang Seng increased by 0.45%.
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