Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.
Closing Bell: Sensex, Nifty Extend Gains To Second Day
Indian equity benchmarks extended gains for the second day in a row, led by Reliance Industries and ICICI Bank.
The S&P BSE Sensex Index closed 0.8 percent higher at 35,463.08 and the NSE Nifty 50 Index closed at 10,768.35, up 0.8 percent.
The market breadth was tilted in favour of buyers. All the 11 sectoral gauges compiled by NSE advanced, led by NSE Nifty Realty Index’s 2.9 percent gain.
Tata Motors Extends Gain After JLR Sales Rise In May
Shares of the automaker extended gains for the second straight trading session and rose as much as 3.7 percent to Rs 306.70.
The company’s luxury car unit – Jaguar Land Rover sold 48,281 units in May, an increase of 6.1 percent from the year ago month, according to its stock exchange notification.
The stock declined 29.6 percent so far this year, compared to 4.9 percent in the country's benchmark Sensex.
From Bloomberg: Avoid Short Selling Nifty As It Is Forming A Base, Angel Broking Says
“Traders should not short sell the NSE Nifty 50 Index as it is forming strong support around 10,500-10,600 levels,” Bloomberg reported quoting Angel Broking. The broking firm also advanced traders to focus on individual stocks, the report added.
Mandhana Retail Expects Operating Margins To Increase By 15-20%
Mandhana Retail Ventures Ltd. expects its operating margins to increase by 15-20 percent in the current financial year, its Chief Financial Officer Hemant Gupta told BloombergQuint in an interaction.
Key highlights from the conversation:
Expect the return on capital and equity to improve moving forward.
Demonetisation, GST disruption had impacted business for last two financial years.
Billionaire investor Rakesh Jhunjhunwala continues to hold over 12 percent stake in the company.
Planning to open 12 new stores this year.
Power Lunch: The First Rate Hike In Over 4 Years. What Are The Implications?
Stocks Moving On Heavy Volumes
Century Textiles Gains After Block Deal
Market Check: Sensex, Nifty At Day's High
#AskBQ: Check The Strength Of Your Portfolio
JSW Steel Surges To Record High
Hot Money: Have Valuations Of Midcap IT Run Up? What Looks Attractive?
Sadbhav Infrastructure Gains After Fund Raising Plans
From Bloomberg: Banks Turn To Blockchain To Speed Up Indian Internal Trade Deals
Phillips Carbon Black Surges As Volumes Jump
Small-Cap Index Outperforms Nifty For Second Day
BQ Conversations: Morgan Stanley Investor Summit With Anil Agarwal
BQ Conversations: How To Invest... With Raamdeo Agrawal | Value Migration
Videocon Industries Admitted For Insolvency Proceedings; Shares At All-Time Low
Mid And Small Caps Overvalued Despite Recent Correction: UBS
Market Check: Sensex, Nifty Extend Gains, Led By Reliance Industries
The F&O Show: Bets To Take Ahead Of Bank Nifty Weekly Options Expiry
Nifty's 10,700 Put Option Most Active On NSE
IndianOpen: Brokerages On RBI, Electrosteel Steels' De-Listing Plans And More
Repro India Expects To Clock 12-15% In Operating Margins
Ambit Capital Expects Private Banks With Strong CASA Levels To Lead Growth
Kwality Slides After Two Block Deals
Bajaj Finance Surges To Record High
Future Retail Declines After Multiple Block Deals
Opening Bell: Sensex, Nifty Trade Higher In Open
BQ Opinion: A Pre-Emptive Rate Hike, But Uncertainty Keeps Stance In Neutral