Sensex rises 50 points; FTIL, MCX shares fall

All the sectoral indices were trading higher; the BSE metal index was the top sectoral gainer, up 0.91% 

Mumbai: The 30-share bellwether BSE Sensex on Thursday was trading over 50 points higher tracking strong global markets.

At 9.33am, the Sensex was trading higher by 0.25%, or 55.21 points, at 22,379.11 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading up 0.29%, or 19.60 points, to 6,672.15 points.

The gainers included Cipla Ltd that was trading up 2.61% at Rs.392.85 after reports said that Teva Pharmaceutical Industries Ltd is looking to acquire stake in the company. Hindalco Industries Ltd that rose 1.81% to Rs.137.85.

Among the losers, Gail India Ltd fell 0.37% to Rs.362.35 and Hero MotoCorp Ltd fell 0.24% to Rs.2,159.

All the sectoral indices were trading higher. The BSE metal index was the top sectoral gainer, up 0.91%. The BSE IT and Teck indices which were up 0.7% each.

Financial Technologies India Ltd (FTIL) was trading at Rs.276.7 on BSE, down 5% from its previous close, while Multi Commodity Exchange of India Ltd (MCX) fell 4.39% to Rs.510.2 after the Mumbai police’s Economic Offences Wing (EOW) arrested Jignesh Shah, chairman and group chief executive of FTIL, in connection with the Rs.5,574.34 crore fraud at National Spot Exchange Ltd (NSEL).

United Breweries Holdings Ltd was trading at Rs.32.95 on BSE, down 0.9%, after it reported that its managing director V. Shashikant resignation was accepted.

Procter and Gamble Hygiene and Health Care Ltd was trading at Rs.3,624 on BSE, up 5.4% from its previous close, after it reported 55% jump in its net profit to Rs.80.76 crore for the quarter ended 31 March, compared with Rs.52.09 crore in the corresponding quarter of the previous financial year.

Amtek Auto Ltd, Amtek India Ltd, Birla Corp. Ltd, Capital First Ltd, Glenmark Pharmaceuticals Ltd, Gulf Oil Corp. Ltd, Jai Corp. Ltd, Orient Paper and Industries Ltd, Rain Industries Ltd, Sintex Industries Ltd and Union Bank of India are some of the companies that will release their earnings for the March quarter on Thursday.

 

MUNAZIR ALAM

PGMD 2ND

SOURCE-- MINT LIVE NEWS