BSE down 65 points on weak global cues
.jpg)
The BSE and National Stock Exchange (NSE) were trading in the red on Monday morning following weakness in the Asian markets.
The BSE was trading at 27,172.78, 65.28 points or 0.24% while the NSE was trading at 8383.00 down 17.35 points or 0.21% lower from previous close.
Fears over a 'hard Brexit' plan and Donald Trump taking office as the US President gripped the global markets on Monday, keeping all the key indices down. The sterling and the dollar felt the impact of the concerns in the market.
On Monday, the shares of Reliance Industries would be in focus as the company is slated to announce its third quarter results for FY17. In early trade, its shares were trading at Rs 1,088, down Rs 2.15 or 0.20% from previous close.
Budget expectations from various industries and wholesale inflation data due later today will also drive markets on Monday. According to a Cogencis poll, wholesale inflation (WPI) is seen at 3.6% in December compared to 3.16% in November.
The Goods and Services Council (GST Council) is also likely to meet on Monday to iron out issues over dual control of assesses. Finance Minister Arun Jaitley reiterated recently that the Council would be working to iron out all the issues to ensure meeting the April 1, 2017 roll out.
On the BSE, the top gainers were DLF up 3.46%, Manappuram Finance 2.45%, HDIL 2.40%, Religare 2.25%, Fortis Healthcare 2.13%. Among the top losers were, DB Corp 3.59%, Network18 3.54%, JP Associates 3.26%, Den Networks 2.79%.
Other Latest News
.webp)
Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels.
The stock of GMR Airports reached a 52-week high of Rs 94.30 on February 20, 2024, while it hit a 52-week low at Rs 40 on May 29, 2023.
.webp)
The Supreme Court on Friday told the Delhi government that it would consider listing its plea challenging the central government's law establishing pre-eminence of the lieutenant governor over the elected dispensation in controlling services in the national capital.
A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra was urged by senior advocate Abhishek Singhvi, appearing for the AAP government, that the whole administration has come to a standstill and the matter needed to be heard.
.webp)
Cement maker ACC on Thursday said its profit after tax (PAT) increased four-fold to Rs 945 crore in the March quarter of the previous fiscal year on account of robust sales.
The company had reported a PAT of Rs 236 crore in the year-ago period.
Revenue from operations rose to Rs 5,409 crore in the fourth quarter as compared with Rs 4,791 crore in the year-ago period, ACC Ltd said in a regulatory filing.
.webp)
Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America.
The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent and a moderate increase in underlying trading profit margin.
.webp)
Shares of Hitachi Energy were buzzing in trade on Thursday as they soared as much as 18.89 per cent to hit a fresh record high of Rs 9,765.30 per share, driven by expansion plans. On the other hand, S&P BSE 500 was trading 0.21 per cent higher at 74,010.29 levels, as of 1:02 PM.
Hitachi Energy intends to establish additional global capability centres (GCCs) in India to bolster its local operations in response to escalating energy demand and the government's focus on expanding renewable energy generation, according to Reuters.
.webp)
.webp)
.webp)
.webp)
.webp)
