Benchmark indices broke the losing streak of previous trading sessions and traded higher on the second trading session of the week on account of buying interest seen in world equities after the crude oil prices jumped to month high; besides continuous buying by the domestic investors also helped the market to maintain the gains. Nifty ended the session to close at 8018 above the psychological mark of 8000.
Auto shares were the major buyers of the day while Pharma shares were the major sellers of the day.
Global Markets Update
Banking executives have welcomed hints that Prime Minister Theresa May will push for a transitional period to help them adjust to Britain’s exit from the EU but they fear such a deal might not work in practice.
World stocks on Tuesday rode the slipstream of the first joint all-time high for Wall Street’s four main markets since 1999, while oil prices hit their highest level since October.
IRB Infra shares tanks and its fresh low on NSE today after posted lower-than-expected Q2 consolidated net profit of Rs 142 crore against Rs 149 crore due to higher finance cost. Total income from operations up by 12 percent to Rs 1291 crore against Rs 1149 crore compared on yearly basis.
Vedanta Limited shares moved higher after announced that he Board of Directors in their meeting on 22 November 2016 approved the appointment of Chief Financial Officer, Arun Kumar G R as a Whole-Time Director of the company and Bhumika Sood as Company Secretary and KMP (Key Management Personnel) with effect from 22nd November, 2016.
Suven shares rise it has granted two product patents corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2031 respectively. One product patent from China and one product patent from Mexico.
Tata Comm gains after the company entered into partnership with and Emirates Data Clearing House. This partnership will enable Tata Communications to provide a more robust portfolio of solutions as an integrated mobility service provider with its existing range of innovative solutions.
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