Sensex up 126 points...Realty, IT continue to lead sectors
At 1:50PM (IST), the BSE Sensex was trading at 19687, up 126 points over the previous close. It had earlier touched a day's high of 19723 and a day's low of 19601. It opened at 19601.
The NSE Nifty was quoting at 5,959 up 37 points over the previous close. It earlier touched a day’s high of 5,969 and a day’s low of 5938. It opened at 5,943.
Even the BSE Mid-Cap and the Small-Cap index have added marginal 0.4% and 0.6% respectively.
Realty, IT, TECk, Auto, Consumer Durables, Oil and Gas, Capital Goods, Bankex, PSU and Healthcare, are the gainers. Metal, FMCG and Power indices are currently losing on BSE.
HCL Technologies(3.4%), I D F C(2.6%), Tata Motors(2.6%), JP Associates(2.3%), TCS(2.1%), Bharti Airtel(1.8%), H D F C(1.8%), Ambuja Cem (1.7%), M&M(1.3%), Infosys(1.3%) and ICICI Bank(1.1%) are among gainers in Sensex and Nifty.
Bajaj Auto(-1.3%), Dr Reddy's Labs(-1.0%), Lupin(-0.9%), Reliance Infra(-0.8%), DLF(-0.7%), Maruti Suzuki(-0.6%), Hind. Unilever(-0.6%), Gail India(-0.6%), Hindalco(-0.5%), Sterlite(0.5%) and Tata Power(-0.4%), are among losers in Sensex and Nifty.
Motherson Sumi is up 5.3% after the Board approved QIP of up to 4.41 crore shares. Boards okayed preferential issue of up to 1.47 crore shares to promoters. The stock is currently trading at Rs. 200.65 up by Rs.10.20 or 5.3%. It touched a high of Rs.201.20 and a low of Rs. 192.90. Total traded quantity at the counter stood at 1.5 lakh.
Opto Circuits (India) Ltd, stock charged up 5% after the medical equipment and interventional devices manufacturer declared the results for the December 2012 quarter. The Group has posted a net profit of Rs. 1.13bn for the quarter ended December 31, 2012 as compared to Rs. 1.25bn for the corresponding quarter last year, down by 9.4%. Total Income has increased from Rs. 6.07bn for the quarter ended December 31, 2011 to Rs. 6.23bn for the quarter ended December 31, 2012.
Stock is currently trading at Rs. 71 up by 3.95 or 5.9%. It touched a high of Rs.71.40 and a low of Rs.67 in the intraday trade at BSE on Thursday. Total traded quantity at the counter stood at4.68 lakh.
Tata Motors Ltd. owned Jaguar Land Rover (JLR), the manufacturer of Luxury sports saloons and sports cars reported an increase of 32% in global sales for January at 34,877 units. January sales went up across major markets with 46% in 24% in North America, 74% increase in China, Asia Pacific, 33 % in the UK, and 10% up in Europe reported JLR. . It touched a high of Rs.312 and a low of Rs. 307. Total traded quantity at the counter stood at 2.31lakh. Sales of the Land Rover brand were up 31%, at 29,118 vehicles. Land Rover sales clocked record sales for the month of January in all major geographies and markets including including the UK, USA and Germany, reports said. Sales for the Jaguar brand in the month of January stood at 5,759 vehicles up almost 40%, sales were up 70 & for XJ model of Jaguar brand, 37% up in XF –the company reported that Jaguar sales increased in all major markets.
Tata Motors Ltd. stock was seen wizzing past the gains clocked by the BSE Sensex in the morning session trade on BSE Thursday. The stock revved up 3.1% or Rs.3.10 currently trading at Rs.307.65. It touched a high of Rs.312 and a low of Rs. 307. Total traded quantity at the counter stood at 2.31lakh.
Results watch: BPCL, Coal India, Unitech, Tata Steel, Educomp Sol, NMDC, Gammon Infra, JSW Steel, Kabra Extr, Brooks Lab, Aadhaar Ventures, ABG Shipyard, Aditya Birla Chem, Allied Digit, Alok Inds, Amines & Plasti, MMTC, Alpha Graphic, Anil, Anjani Syn, Arihant Found, Arunjyoti Enterprises, Ashiana Hous, Asian Hotels (West), BAG Films, Avon Corp, Bartronics, Supreme Infra, Bajaj Global, Bhatinda Chem, Birla Cotsyn, Birla Shloka, Bliss GVS, Bonanza Inds, Capricorn Systems, CDR Health, Competent Auto, Core Projects, CSS Technergy, Dhanuka Agri, DIL, EMMBI POLY, EVERONN, Everest Fin, Finolex Cables, FCS Software, First Financial, Fresenius Kabi, Future Ventures, Gallantt Metal, Ganesh Hous, Gitanjali Gems, Goenka Diamond, Goldstone Infra, Gujarat Narm Fly, Hari Om Traders, Himachal Fibres, HP Cotton, Hindustan Wires, Innovation Soft, Impex Ferro, Intl Data Mgmt, ITL Inds, Jaykay Enterprises, Jindal Poly, JMD Telefilms, Kamdhenu Ispat, Karuturi Glob, KELVINFIN, KGN Enterprises, Kerala Ayur, Kohinoor Foods, Konark Syn, Kothari Indl, Lakshmi Prec, Lumax Auto Tech, Madhucon Proj, Mawana Sugars, Mcnally Bharat, Media Matrix, Millennium Cyb, Mindteck India, Morgan Ventures, Mukesh Steel, Mukand Engr, Natco Pharma, Unity Infra, NTC Ind, OCL Iron, ORIENT BELL, Orient Green Power, Parro, Rollatainers, ROYAL IND, Sagar Tourist, Sanghvi Forging, Saregama India, Satra Prop, SB&T Intl, Servotech Engr, Shiv Vani Oil-, Shree Rajeshw Pap, Shri Krish Dev, SKS Logistics, SNS Textiles, SPL Inds, Sujana Towers, Sujana Metal, Sunshield Chem, Suryajyoti Spi, Tantia Constr, Talbros Auto, Tokyo Finance, UCIL Leasing, UP Hotels, Viceroy Hotels, Vivimed Labs, Winsome Tex, Woodsvilla.
Trends in FII flows: The FIIs were net buyers of Rs6.04bn in the cash segment on Tuesday, while the domestic institutional investors (DIIs) were net sellers of Rs4.12bn, as per the provisional figures released by the NSE.
The foreign funds were net buyers of Rs13.68bn in the cash segment on Monday, according to the SEBI figures.
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India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.