India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Saturday, May 04, 2013
Tuesday, April 30, 2013
ITC scales record high
Key benchmark indices edged higher on first trading session of the week as gains in European stocks and higher US index futures boosted sentiment. The barometer index, the S&P BSE Sensex, jumped 100.78 points or 0.52%, up 103.10 points from the day's low and off 41.44 points from the day's high. Index heavyweight and cigarette major ITC scaled record high. Index heavyweight Reliance Industries (RIL) was slightly lower. The market breadth, indicating the overall health of the market, was positive. The Sensex has risen 551.73 points or 2.93% in this month so far (till 29 April 2013). The Sensex has declined 39.21 points or 0.2% in calendar 2013 so far (till 29 April 2013). From a 52-week high of 20,203.66 on 29 January 2013, the Sensex has declined 816.16 points or 4.04%. From a 52-week low of 15,748.98 on 4 June 2012, the Sensex has surged 3,638.52 points or 23.1%. Coming back to today's trade, FMCG stocks rose after the India Meteorological Department (IMD) on Friday, 26 April 2013, forecast normal southwest monsoon seasonal rainfall during 2013. FMCG major Hindustan Unilever (HUL) jumped after reporting good Q4 results. IT stocks rose on renewed buying.
Bulls may ring the opening bell for Indian markets
The Indian stock markets are expected to open on a positive note as the global cues look supportive. SGX Nifty is trading 24.00 points higher. Events for the day: ABB will quote final dividend. Results: Dabur India, Marico, Petronet LNG and Godrej Consumer will announce their quarterly results today. Headlines for the day: Bosch posts 23% fall in net profit in Jan-Mar Sterlite smelter to stay shut for now after court change IOB hits 4-year low as bad loans rises sharply in Q4 MCX-SX to start 'SX40' derivatives from mid-May
Subscribe to:
Posts (Atom)