INSUBCONTINENT EXCLUSIVE:
Shares of Godrej Properties leaped over 8 per cent on Monday after the company reported a 9 per cent jump in December quarter net profit
The gain followed an 8.37 per cent drop on Saturday.
Info Edge was also among the major gainers after the company acquired a 5.36 per cent
stake in a firm founded by musician AR Rahman
The stock rose 5 per cent.
BSE benchmark Sensex added 137 points to 39,872 while 50-share Nifty gained 62 points to close at 11,724
Midcaps were among the biggest gainers
Nifty Midcap index rose 1.08 per cent
The focus from here on will be on corporate earnings and global trends
While valuations are on the higher side, ongoing results have been mostly in line with estimates
The manufacturing PMI showed a notable rebound, give hope that the economy may be stabilising," said Vinod Nair, Head of Research at Geojit
winBHEL bagged an order for electro-mechanical works for 40 MW Rahughat Hydroelectric Project in Nepal
But shares of the company slipped 1.62 per cent to Rs 39.40.
TVS Motor sales dip but stock risesTVS Motor Company reported a 16.88 per cent
decline in January sales at 2,34,920 units
However, shares of the firm closed 1.57 per cent higher at Rs 470.15.
Godrej Properties jump 8 per centShares of Godrej Properties soared
8.29 per cent to Rs 1,071 after the company reported a 9 per cent increase in consolidated December quarter profit at Rs 45.46 crore on
higher income.
BSE activates RFQ platformBSE activated its Request for Quote Platform (RFQ) that enables trade execution and settlement in
Shares of the company fell 0.64 per cent to Rs 523.25.
NCC Jan orders at Rs 530 crNCC said it bagged three orders worth Rs 530 crore from
central and state government agencies in January, but the stock fell 4.12 per cent to Rs 48.90.
M-M Financial to raise Rs 310 crMahindra -
Mahindra Financial Services said it will raise up to Rs 310 crore through non-convertible debentures (NCDs)
Shares of the NBFC slipped 0.77 per cent following the announcement.
L-T sets up missile facilityLarsen - Toubro said its joint venture with
Shares of the construction major closed 0.04 per cent down at Rs 1,286.
HCL Tech to set up Sri Lanka centreHCL Technologies said it has
entered a pact with Sri Lanka's Board of Investment for setting up of a global delivery Centre in Colombo
The stock fell 2.04 per cent to Rs 579.
NTPC largest in Asia to get yen loansNTPC has become the top company in Asia to raise the largest
syndicated Japanese yen loan worth $750 million (around Rs 5,367 crore)
Shares of the company closed 1.33 per cent higher at Rs 110.55.
Ashok Leyland sales down 40 per centShares of Ashok Leyland gained 1.3 per
cent to Rs 78 even though the company reported 39.9 per cent decline in total vehicles sales at 11,850 units in January.
Cadila gets DGCI
nodZydus Cadila said that it has received approval from the Drug Controller General of India (DGCI) for Saroglitazar Magnesium used in the
Shares of the company closed 0.08 per cent lower at Rs 260.25
ITC no longer among top 10 firmFMCG major ITC is no longer among the top 10
companies in India in terms of market capitalisation
The company stood at 12th spot, valued at Rs 2.55 lakh crore, on Monday
Reliance Industries ranked top at Rs 8.78 lakh crore
ITC shares fell 5.09 per cent to Rs 207.70 on Monday.
Maruti shares jump 3 per centShares of Maruti Suzuki climbed 2.99 per cent to Rs 7,009
after the country's largest carmaker reported a 1.6 per cent increase in January sales at 1,54,123 units.
Info Edge acquires stake in
QyukiShares of Info Edge gained 5.13 per cent to Rs 2,808.45 after the company acquired 5.36 stake in Qyuki Digital Media, founded by AR
Rahman, Samir Bangara and Shekhar Kapur.
Midcaps outperformMidcaps were on the forefront of the stocks rally on Monday, as Nifty Midcap
index jumped 1.08 per cent to 17,709
Nifty Smallcap drifted 0.14 per cent lower to Rs 6,048 and Nifty 500 gained 0.58 per cent to 9,661.
Who moved my Sensex?HUL was the biggest
positive contributor to Sensex gains with 71 points, followed by ICICI Bank and Asian Paints with 68 points and 48 points, respectively
Other major contributors were Kotak Mahindra Bank, IndusInd Bank and Nestle India.
Most active stocksReliance Industries was the most active
stock on NSE in terms of turnover
It was followed by SBI, ITC, HDFC and ICICI Bank
signalsOver two dozen stocks sent out bullish signals as they crossed above the signal line of MACD indicator
They include PVV Infra, Biocon, Ujaas Energy, Capri Global, Asian Paints, Garv Industries, Nestle India, PVR and Eveready Industries