MUMBAI: The S&P BSE Sensex
was hovering above the 19,1000 mark on Monday as buying activity
continued with the positive opening of the European markets. Capital
goods, banks, power and metals led the upmove while IT sector remained
under pressure following disappointing fourth quarter results by Wipro.
At 02:00 p.m.; the 30-share index was at 19,118.62, up 102.16 points or 0.54 per cent. It touched a high of 19,144.47 and a low of 18,989.78 in trade today.
The Nifty was at 5,821.15, up 38.05 points or 0.66 per cent. It touched a high of 5,833.45 and a low of 5,789.80 in trade today.
The S&P BSE Midcap Index was up 0.86 per cent and the S&P BSE Smallcap Index gained 0.56 per cent.
Among the sectoral indices, the S&P BSE Capital Goods Index was up 2.14 per cent, the S&P BSE Bankex was 2.06 per cent higher, the S&P BSE Power Index was up 1.47 per cent and the S&P BSE Metal Index gained 1.37 per cent. The S&P BSE IT Index was down 2.39 per cent.
Coal India (3.93 per cent), HDFC BankBSE 3.85 % (3.80 per cent), Larsen & Toubro (2.83 per cent), BHELBSE 3.04 % (2.34 per cent) and NTPCBSE 2.02 % (2.06 per cent) were among the top Sensex gainers.
WiproBSE -7.95 % (8.59 per cent), InfosysBSE -2.22 % (2.41 per cent), Bajaj AutoBSE -1.67 % (2.20 per cent), Dr Reddy's Laboratories (2.17 per cent) and ONGC (1.63 per cent) were among the top index losers.
Jefferies has lowered its price target on Wipro to Rs 405 from Rs 500 earlier based on 14x Mar'15E EPS. This is within the ~12-22x band at which the stock has traded over the past three years, the brokerage says.
Market breadth was positive on the BSE with 1217 gainers against 984 losers.
Foreign institutional investors bought shares worth Rs 940.07 crore while domestic institutional investors sold equities worth Rs 405.22 crore on Thursday as per the provisional data from the National Stock Exchange.
European markets opened on a positive note after profit booking last week. The FTSE 100 was up 0.59 per cent, the CAC 40 was 0.37 per cent higher and the DAX gained 0.62 per cent.
ABDUL WAHEED
PGDM 2nd
IIMT COLLEGE OF MANAGEMENT
At 02:00 p.m.; the 30-share index was at 19,118.62, up 102.16 points or 0.54 per cent. It touched a high of 19,144.47 and a low of 18,989.78 in trade today.
The Nifty was at 5,821.15, up 38.05 points or 0.66 per cent. It touched a high of 5,833.45 and a low of 5,789.80 in trade today.
The S&P BSE Midcap Index was up 0.86 per cent and the S&P BSE Smallcap Index gained 0.56 per cent.
Among the sectoral indices, the S&P BSE Capital Goods Index was up 2.14 per cent, the S&P BSE Bankex was 2.06 per cent higher, the S&P BSE Power Index was up 1.47 per cent and the S&P BSE Metal Index gained 1.37 per cent. The S&P BSE IT Index was down 2.39 per cent.
Coal India (3.93 per cent), HDFC BankBSE 3.85 % (3.80 per cent), Larsen & Toubro (2.83 per cent), BHELBSE 3.04 % (2.34 per cent) and NTPCBSE 2.02 % (2.06 per cent) were among the top Sensex gainers.
WiproBSE -7.95 % (8.59 per cent), InfosysBSE -2.22 % (2.41 per cent), Bajaj AutoBSE -1.67 % (2.20 per cent), Dr Reddy's Laboratories (2.17 per cent) and ONGC (1.63 per cent) were among the top index losers.
Jefferies has lowered its price target on Wipro to Rs 405 from Rs 500 earlier based on 14x Mar'15E EPS. This is within the ~12-22x band at which the stock has traded over the past three years, the brokerage says.
Market breadth was positive on the BSE with 1217 gainers against 984 losers.
Foreign institutional investors bought shares worth Rs 940.07 crore while domestic institutional investors sold equities worth Rs 405.22 crore on Thursday as per the provisional data from the National Stock Exchange.
European markets opened on a positive note after profit booking last week. The FTSE 100 was up 0.59 per cent, the CAC 40 was 0.37 per cent higher and the DAX gained 0.62 per cent.
ABDUL WAHEED
PGDM 2nd
IIMT COLLEGE OF MANAGEMENT
No comments:
Post a Comment