The Sensex jumped 258 points to 36,875, while the Nifty gained 75 points to 11,009. The market breadth was positive with 834 shares advancing, 661 shares declining, and 528 remaining unchanged.
Equity benchmark indices opened higher on Wednesday tracking strong positive cues. The stock market extended gains for the fifth consecutive session, with the Nifty50 reclaiming 11,000 mark.
The Sensex jumped 258 points to 36,875, while the Nifty gained 75 points to 11,009. The market breadth was positive with 834 shares advancing, 661 shares declining, and 528 remaining unchanged.
Tech Mahindra stock gained 5% after the IT company reported better-than-expected numbers for Q3FY19 on EBIT and PAT fronts. Revenue grew by 3.6% qoq to Rs8,944cr against the median consensus estimate of Rs8,956cr.
Shares of Strides Pharma Science rose 2% as company received zero observations from USFDA.
Jubilant FoodWorks stock slipped 2% after the company has clarified that Jubilant Enpro Pvt. Ltd. (a promoter group company), has decided not to charge the corporate brand royalty of 0.25% of the consolidated revenues of the company and the same stands withdrawn.
On the sectoral front, media and IT indices surged over 1%, while auto, banking, FMCG, financial, and realty indices gained.
The market participants would keep an eye on Adani Ports, Adani Power, AstraZeneca, CG Power, Balkrishna, Cipla, Cummins India, IGL, JSW Steel, Lupin, Muthoot Finance, PTC and Siemens as these companies report their earnings today.
Tech Mahindra, Zee, Indiabulls HF, HPCL, and ICICI Bank are trading higher on the NSE, while Bharti Airtel, Dr.Reddy’s, IndusInd Bank, and Adani Ports are trading lower.
Volatility index India VIX down 0.19% to 15.75.
The most active stocks were Tech Mahindra, Jubilant Food, Reliance Industries, and Zee.
Asian stock markets were trading higher on Wednesday ahead of Donald Trump's State of the Union address. Donald Trump's annual address will be pored over for an idea about his thinking on a range of issues including the China trade war, the Mexican border wall stand-off and North Korea.
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| CAPITALSTARS FINANCIAL ADVISORY |
The Sensex jumped 258 points to 36,875, while the Nifty gained 75 points to 11,009. The market breadth was positive with 834 shares advancing, 661 shares declining, and 528 remaining unchanged.
Tech Mahindra stock gained 5% after the IT company reported better-than-expected numbers for Q3FY19 on EBIT and PAT fronts. Revenue grew by 3.6% qoq to Rs8,944cr against the median consensus estimate of Rs8,956cr.
Shares of Strides Pharma Science rose 2% as company received zero observations from USFDA.
Jubilant FoodWorks stock slipped 2% after the company has clarified that Jubilant Enpro Pvt. Ltd. (a promoter group company), has decided not to charge the corporate brand royalty of 0.25% of the consolidated revenues of the company and the same stands withdrawn.
On the sectoral front, media and IT indices surged over 1%, while auto, banking, FMCG, financial, and realty indices gained.
The market participants would keep an eye on Adani Ports, Adani Power, AstraZeneca, CG Power, Balkrishna, Cipla, Cummins India, IGL, JSW Steel, Lupin, Muthoot Finance, PTC and Siemens as these companies report their earnings today.
Tech Mahindra, Zee, Indiabulls HF, HPCL, and ICICI Bank are trading higher on the NSE, while Bharti Airtel, Dr.Reddy’s, IndusInd Bank, and Adani Ports are trading lower.
Volatility index India VIX down 0.19% to 15.75.
The most active stocks were Tech Mahindra, Jubilant Food, Reliance Industries, and Zee.
Asian stock markets were trading higher on Wednesday ahead of Donald Trump's State of the Union address. Donald Trump's annual address will be pored over for an idea about his thinking on a range of issues including the China trade war, the Mexican border wall stand-off and North Korea.
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