MUMBAI: The Nifty
broke out of its narrow range in afternoon trade on Monday and surged
higher to close near 5,900 mark led by gains in FMCG, realty, power and
technology sectors.
The 50-share index ended at 5,904.10, up 32.65 points or 0.56 per cent. It touched a high of 5,918.65 and a low of 5,868.80 in trade today.
The Sensex closed at 19,368.22, up 81.50 points or 0.42 per cent. It touched a high of 19,428.94 and a low of 19,284.40 in trade today.
The S&P BSE Midcap Index was up 0.72 per cent and the S&P BSE Smallcap Index was 0.32 per cent higher.
Among the sectoral indices, the S&P BSE FMCG Index was up 2.40 per cent, the S&P BSE Realty Index was 1.60 per cent higher and the S&P Power Index gained 1.52 per cent. The S&P BSE Metal Index was 0.85 per cent lower and the S&P BSE Healthcare Index slipped 0.08 per cent.
Hindustan UnileverBSE 6.98 % (7.23 per cent), Reliance Infrastructure (4.33 per cent), IndusInd BankBSE 4.40 % (3.68 per cent), Hero MotoCorpBSE 3.24 % (3.01 per cent) and Jaiprakash AssociatesBSE 2.66 % (2.80 per cent) were among the top Nifty gainers.
Hero MotoCorp gained on reporting better than expected net profit at Rs 574.23 crore versus Rs 603.59 crore for the same period last year. The company has hiked prices ranging from Rs. 500 to Rs. 1,500 across all models with immediate effect.
Jindal SteelBSE -4.24 % (4 per cent), NMDC (2.29 per cent), Coal India (1.85 per cent), Sun Pharmaceuticals (1.68 per cent) and Ambuja Cements (1.28 per cent) were among the top losers.
Shares of FMCG major Hindustan Unilever surged higher in trade on back of short coverings after its volume growth and margins surprised the street on the upside.
The company reported a net profit of Rs 787 crore, up 14.6 per cent, as compared to a net profit of Rs 686.6 crore in the corresponding quarter, a year ago. Net sales grew to Rs 6370 crore, up 12.5 per cent as compared to Rs 5,660 crore in the corresponding quarter last fiscal.
EBITDA margins grew at 15.25 per cent as compared to 14.72 per cent, year-on-year (y-o-y). The company reported volume growth 6 per cent vs 10 per cent, y-o-y. The street was expecting volume growth of around 4 per cent.
Market breadth was positive on the NSE with 722 gainers against 567 losers.
ABDUL WAHEED
PGDM 2nd SEM.
IIMT COLLEGE OF MANAGEMENT
The 50-share index ended at 5,904.10, up 32.65 points or 0.56 per cent. It touched a high of 5,918.65 and a low of 5,868.80 in trade today.
The Sensex closed at 19,368.22, up 81.50 points or 0.42 per cent. It touched a high of 19,428.94 and a low of 19,284.40 in trade today.
The S&P BSE Midcap Index was up 0.72 per cent and the S&P BSE Smallcap Index was 0.32 per cent higher.
Among the sectoral indices, the S&P BSE FMCG Index was up 2.40 per cent, the S&P BSE Realty Index was 1.60 per cent higher and the S&P Power Index gained 1.52 per cent. The S&P BSE Metal Index was 0.85 per cent lower and the S&P BSE Healthcare Index slipped 0.08 per cent.
Hindustan UnileverBSE 6.98 % (7.23 per cent), Reliance Infrastructure (4.33 per cent), IndusInd BankBSE 4.40 % (3.68 per cent), Hero MotoCorpBSE 3.24 % (3.01 per cent) and Jaiprakash AssociatesBSE 2.66 % (2.80 per cent) were among the top Nifty gainers.
Hero MotoCorp gained on reporting better than expected net profit at Rs 574.23 crore versus Rs 603.59 crore for the same period last year. The company has hiked prices ranging from Rs. 500 to Rs. 1,500 across all models with immediate effect.
Jindal SteelBSE -4.24 % (4 per cent), NMDC (2.29 per cent), Coal India (1.85 per cent), Sun Pharmaceuticals (1.68 per cent) and Ambuja Cements (1.28 per cent) were among the top losers.
Shares of FMCG major Hindustan Unilever surged higher in trade on back of short coverings after its volume growth and margins surprised the street on the upside.
The company reported a net profit of Rs 787 crore, up 14.6 per cent, as compared to a net profit of Rs 686.6 crore in the corresponding quarter, a year ago. Net sales grew to Rs 6370 crore, up 12.5 per cent as compared to Rs 5,660 crore in the corresponding quarter last fiscal.
EBITDA margins grew at 15.25 per cent as compared to 14.72 per cent, year-on-year (y-o-y). The company reported volume growth 6 per cent vs 10 per cent, y-o-y. The street was expecting volume growth of around 4 per cent.
Market breadth was positive on the NSE with 722 gainers against 567 losers.
ABDUL WAHEED
PGDM 2nd SEM.
IIMT COLLEGE OF MANAGEMENT
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