Benchmark indices surged on the second trading session of the week on account of value buying in quality stocks besides the supportive global cues from Europe also helped the market to maintain the trend of nifty. However, the investors are cautious ahead of TCS and Infosys result. Nifty ended the session to close below the psychological mark of 8300 at 8296.95.
The auto Stocks were the major gainers of the day while Cement and Pharma stocks were the losers for the day.
Global Markets Update
Growing concerns over the banking system in Italy resulted in a weakening of key European indices even as Italian banks Popolare di Vicenza and Veneto Banca proposed a deal with shareholders, which could cost the banks more than 600 mn euros. Skoda Auto, the Czech unit of carmaker Volkswagen, raised global deliveries by 6.8 percent to a record 1.13 million cars in 2016, lifted by rising sales in Europe and China.
BHEL an engineering and manufacturing company has received the order in green energy linked transmission corridor from Power Grid for augmentation of three Extra High Voltage substations in Karnataka.
BEL to consider its equity shares subdivision face value of rs 10 each will be considered by a board. If approved by the board then will be subject to the approval of shareholders.
IndusInd Bank announces Q3 results ended December 2016.The profit grew by 29.2 percent to Rs 750.6 crore compared to Rs 581.02 crore in year-ago period. Net interest income, as well as non-interest income, boosted profitability. Gross NPAs jumped 8.1 percent sequentially to Rs 971.6 crore and net NPAs were up 8.5 percent at Rs 400.7 crore in the quarter ended December 2016. Pr
ABB stock soars 15 percent as it teamed up with Power Grid Corporation of India in a mega project worth over Rs 4,350 crore for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people.
Adani Ports will invest 167 billion rupees in Gujarat to expand ports. Adani Wilmar will double its manufacturing capacity in Gujarat.
against 1.08 lakh units YoY basis; stock ends in the green zone.
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