Tag: Tata Motors Ltd

Markets remain firm: Tata Motors, Tata Steel shares advance

04/08/2016 10:19

The key domestic benchmark indices were trading in a positive terrain in the morning trading session after initial volatility with investor sentiments getting a massive boost from the clearance of the long pending GST bill in the Rajya Sabha, paving the way for the country’s biggest reform since 1991. The historic bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment.

Also, a pickup in India’s services activity to a three-month high in July signaled an improved outlook for Asia’s third biggest economy, bolstering investor apatite.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27774.54 up by 77.03 points or by 0.28 per cent, while the NSE Nifty was at 8566.55 points, trading higher by 21.7 points or by 0.25 per cent.

The BSE Sensex touched an intraday high of 27921.91 and an intraday low of 27633.11 while the NSE Nifty touched an intraday high of 8601.4 and an intraday low of 8519.5

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 496.20,+3.56 per cent), Tata Steel Ltd. (Rs. 365.60,+2.24 per cent), Hero MotoCorp Ltd. (Rs. 3294.55,+1.77 per cent), Bajaj Auto Ltd. (Rs. 2761.50,+1.66 per cent), Power Grid Corporation of India Ltd. (Rs. 178.50,+1.48 per cent), among others.

Meanwhile, Lupin Ltd. (Rs. 1658.85,-1.24 per cent), ICICI Bank Ltd. (Rs. 239.85,-0.89 per cent), ITC Ltd. (Rs. 251.20,-0.61 per cent), Infosys Ltd. (Rs. 1079.15,-0.54 per cent), Housing Development Finance Corporation Ltd. (Rs. 1319.25,-0.45 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2046 shares traded, 1278 shares advanced, 690 shares declined while 78 were unchanged.

On the global front, Asian stocks were trading higher today as crude oil held onto its recovery and high-yielding currencies climbed. The US markets ended higher in the previous trading session as oil notched up its biggest gain in three weeks and financial stocks rose on strong corporate earnings.

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Markets remain weak; Tata Motors, Bharti Airtel shares dip

10/06/2016 10:27

The key domestic benchmark indices were trading in a negative terrain during the morning trading session on Friday tracking sluggish cues from global peers as traders shifted their focus to safe-haven assets amid lingering concerns about UK referendum and US Fed decision.

The markets are expected to remain cautious ahead of the industrial output data for April 2016 scheduled to release today which may offer further cues over the health of the country’s economy. In March 2016, India’s industrial output climbed a miniscule 0.1 per cent, year on year.

At 10:25 AM, the Bombay Stock Exchange bellwether Sensex was at 26730.3 down by 33.16 points or by 0.12 per cent, while the NSE Nifty was at 8198.55 points, trading lower by 5.05 points or by 0.06 per cent.

The BSE Sensex touched an intraday high of 26757.17 and an intraday low of 26683.08 while the NSE Nifty touched an intraday high of 8205.3 and an intraday low of 8179.05.

The top gainers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 125.60,+3.63 per cent), Lupin Ltd. (Rs. 1445.20,+1.21 per cent), NTPC Ltd. (Rs. 152.15,+1.16 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 204.05,+0.99 per cent), Cipla Ltd. (Rs. 484.00,+0.85 per cent), among others.

Meanwhile, Tata Motors Ltd. (Rs. 462.70,-0.86 per cent), Bharti Airtel Ltd. (Rs. 348.55,-0.67 per cent), ITC Ltd. (Rs. 352.00,-0.66 per cent), Infosys Ltd. (Rs. 1179.15,-0.53 per cent), Housing Development Finance Corporation Ltd. (Rs. 1231.95,-0.52 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1983 shares traded, 1278 shares advanced, 607 shares declined while 98 were unchanged.

On the global front, Asian stocks were trading lower today as investors sought protection in safe-haven assets amid growing concerns over the 23rd June referendum that could see Britain exit the European Union. US stocks closed lower yesterday after three days of gains as crude oil futures pulled back from 10-month highs.