The market breadth was positive with 1,002 shares advancing, 494 shares declining, and 532 remaining unchanged.
Equity benchmark indices opened on a flat note despite firm Asian cues. The Sensex rose 106 points at 35,604, while the Nifty was up 23 points at 10,664. The market breadth was positive with 1,002 shares advancing, 494 shares declining, and 532 remaining unchanged.
Shares of Emami jumped 3% in the morning trade as the Agarwal and Goenka families - promoters in Emami Ltd - have sold 10% of their stakes for Rs1,600cr to pare the debts of other Group companies like Emami Cement, Emami Power and others.
Shares of Ambuja Cements (ACL) advanced 1% after the cement company reported Q4CY18 numbers. Its revenue of Rs2,863.3cr (in-line with estimates) led by volume growth of 4.4% yoy.
The currency market i shut today on account of Chatrapati Shivaji Maharaj Jayanti.
Yes Bank, Dr.Reddy’s, Sun Pharma, and ICICI Bank are trading higher on the NSE, while Indiabulls HF, Infosys, and Wipro are trading lower.
Volatility index India VIX was down 0.86% at 17.84.
On the sectoral front, the NSE Nifty IT, media and pharma indices were trading lower Index in the morning trade.
The most active stocks were Yes Bank, Ambuja, RIL, Infosys, and HDFC.
Asian markets were trading higher on Tuesday as investors hope that Sino-US trade talks are making positive progress and expectations of policy stimulus from central banks. The White House said on Monday that trade talks between the two economic powerhouses will continue in Washington on Tuesday, with higher level negotiations starting later in the week, as per media reports.
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| CAPITALSTARS FINANCIAL ADVISORY COMPANY |
Shares of Emami jumped 3% in the morning trade as the Agarwal and Goenka families - promoters in Emami Ltd - have sold 10% of their stakes for Rs1,600cr to pare the debts of other Group companies like Emami Cement, Emami Power and others.
Shares of Ambuja Cements (ACL) advanced 1% after the cement company reported Q4CY18 numbers. Its revenue of Rs2,863.3cr (in-line with estimates) led by volume growth of 4.4% yoy.
The currency market i shut today on account of Chatrapati Shivaji Maharaj Jayanti.
Yes Bank, Dr.Reddy’s, Sun Pharma, and ICICI Bank are trading higher on the NSE, while Indiabulls HF, Infosys, and Wipro are trading lower.
Volatility index India VIX was down 0.86% at 17.84.
On the sectoral front, the NSE Nifty IT, media and pharma indices were trading lower Index in the morning trade.
The most active stocks were Yes Bank, Ambuja, RIL, Infosys, and HDFC.
Asian markets were trading higher on Tuesday as investors hope that Sino-US trade talks are making positive progress and expectations of policy stimulus from central banks. The White House said on Monday that trade talks between the two economic powerhouses will continue in Washington on Tuesday, with higher level negotiations starting later in the week, as per media reports.
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