Sensex up 147 points, Nifty holds 12,250; Infy gains nearly 1.5%
Indian equities logged gains for second straight day as positive global cues supported investment sentiment. No further rhetoric between the United States and Iran, and British Parliament’s vote to finalise Brexit divorce deal by January 31 gave boost to investment sentiment.
Indices further charged ahead and scaled intra-day high after news agency Reuters reported that US President Donald Trump could sign the Phase-1 of trade deal next week. The S&P BSE Sensex hit a high of 41,775.11 (up 322.76 points) in the intra-day deals, while NIfty50 touched 12,311.20 — also its fresh lifetime high.
At close, the Sensex was at 41,599.72 level, up 147.37 points or 0.36 per cent with ICICI Bank, IndusInd Bank, Axis Bank, and Titan being top laggards. On the other hand, Infosys, Sun Pharma and Ultra Tech Cement settled as the top gainers.
The broader Nifty50 index, on the other hand, was 40.60 points, or 0.33 per cent, higher at 12,256.50-mark at close.
Sectorally, Nifty Private Bank and Nifty Bank indices were the only indices that closed in the red, down 0.22 and 0.02 per cent, respectively. Nifty Realty and Metal indices, however, added 1.80 and 1.10 per cent, respectively by close.
In the broader market, the S&P BSE mid-cap index gained 0.4 per cent to close at 15,157.77, while the S&P BSE small-cap index advanced 0.45 per cent to end at 14,153.18.
Coal India, Gail, Maruti Suzuki, Infosys and UltraTech Cement were among major gainers on the Nifty, while losers include Yes Bank, Zee Entertainment, ICICI Bank, IndusInd Bank and Titan Company.
All the sectoral indices ended higher led by the metal, IT, realty, auto, FMCG, infra and pharma.
Shares of Tata Motors hit an eight-month high of Rs 199, up 3 per cent on the BSE on Friday after its UK arm Jaguar Land Rover (JLR) reported retail sales of 52,814 vehicles for December 2019, up 1.3 per cent from the previous year. The stock of Tata Group commercial vehicles major was trading at its highest level since May 7, 2019.
Edelweiss Financial Services share price locked at 10 percent lower circuit after report that the Enforcement Directorate (ED) summons Edelweiss Group chairman Rashesh Shah. However, Edelweiss sources said that the reports are completely false and motivated.
Yes Bank share price declined 7 percent on January 10 after report of resignation of company’s independent director. Uttam Prakash Agarwal has submitted his resignation today morning as independent director of the bank.
Aarti Industries share price slipped more than 4 percent after I-T department carried out searches at company’s premises. Aarti Industries, which deals in the specialised chemical segment, is headquartered in Mumbai and has 16 manufacturing units dotted across the western coast of India, including Vapi, Tarapur, Dahej and Silvasa.
Shares of IT company Infosys rose 2 percent amid optimism ahead of October-December quarter earnings scheduled to be announced later today. The IT company is expected to report more than 1 percent growth in constant currency revenue during the period on a sequential basis and 1.2-1.5 percent growth in dollar revenue for the quarter as compared to September quarter.
Emami Paper Mills share price locked at 10 percent upper circuit on the back of robust numbers declared by the company for the quarter ended December (Q3FY20) numbers. The company’s Q3 net profit rose by 224 percent at Rs 18.5 crore against Rs 5.7 crore in the same quarter last fiscal.
Here are some picks from the week gone by.
