Markets Live: Sensex, Nifty edge up, PFC shares plunge 10%
Mumbai: BSE Sensex largely flat on Tuesday, taking a breather after recording a record in the previous sessions, as investors recorded gains in recent performance, such as the CCI, while the arrival monsoon rains maintain optimistic sentiment. The monsoon, which provides about 70 percent of India’s annual rainfall, arrived on the southern coast of Kerala on Tuesday, as expected, said a weather station source, improving prospects for increased agricultural production and Robust economic growth.
The rains reinforced optimism about the economy ahead of the start of GST later this year, but analysts said gains on Sensex and Nifty have mitigated the impact of the monsoon on the markets. “The progress of the monsoon and the deployment of GST will be a key factor to cross,” said Siddharth Purohit, senior research analyst at Angel Broking. “Basically, markets are consolidating now, and before seeing a rising trend, there will be more consolidation of a few sessions,” Purohit said, adding that “the absence of any major announcements the company would keep in the markets. Short range for some sessions “. Among the winners, Aurobindo Pharma has risen to 11%, posting its biggest intraday gain in more than three years after declaring that it did not expect falling prices in the United States to have an excessive impact on the company because of its basket of products Competitors.
Read also: PFC units spend 10% after weak 4Q results
14:02: BSE Sensex ranks higher than 77 points, or 0.25%, to 31,186, while the Nifty 50 is 20 points, or 0.21% to 9.625.
01:45 p.m.: Median capitalization values exceed Sensex 30 shares. While Sensex stood at 0.19%, the BSE index increased 0.71%. Shares of Adani companies rose 5.88%, Bajaj Finserv Ltd rose 3.89%, Aditya Birla Nuvo stood at 3.06%, Jindal Steel up 2.7%.
13:20: BSE Sensex reflects high 51 points, or 0.16%, to 31,161, while the Nifty 50 up 12 points, or 0.12%, to 9,616.
13.00: Stocks Power Finance Corp (PFC) fell by almost 10% after an independent net loss of Rs3,409.49 crore for the quarter ended March 31.
12.12h: BSE health index increased 1.73% to 13,445 points. Aurobindo Pharma shares rose 8.9% Naryana Hrudayalaya increase of 6.98%, Sun Pharma rose 6.18% and Jubilant Life Sciences jumped 4.68%.
12:10: BSE Sensex trades higher by 36 points, or 0.11%, to 31,145, while the Nifty 50 is 5 points, or 0.06%, to 9,610.
11:18: BSE Sensex ranks higher than 59 points, or 0.19%, to 31,168, while the Nifty 50 rises 8 points, or 0.08% to 9,613.
10h45: Bharat Petroleum Corp Ltd fell 2.3% to Rs 738.35 after the company reported a 13% drop in net profit for the March quarter at Rs 1,841.68 crore against Rs 2,116.03 crore a year ago .
10.21am: BSE Sensex translated less than 6 points, or 0.02% to 31.103, while the Nifty 50 is 4 points, or 0.04% to 9,609.
10.10am: Aurobindo Pharma Ltd. increased 8% to RS555. The company reported a net profit of Rs532.45 million rupees consolidated in March quarter, down from 4.03% Rs554.77 crore a year ago.
10.05am: Shree Renuka Sugars Ltd fell 4% to Rs13.24 after the company posted a net loss of Rs87.6 crore in March compared to net profit of Rs47.40 crore a year ago.
10.00: bank shares are higher. ICICI Bank increased 2.4%, Eastern Bank of Commerce 2.7% 1.8% Bank of India, Distribute Bank 1.4% 0.8% Andhra Bank, Bank of India 0.8%, Federal Bank 1.1% Yes Bank 1%, 0.7% Punjab National Bank, State Bank of India 0.7%.
9:50: All ADAG group securities traded higher than Reliance Communications Ltd, which fell 4%. Reliance Infrastructure Ltd. rose 2%, capital dependence increased 2%, Reliance Power Ltd. increased 1%, Defense and Engineering Ltd rose 0.7%.
9:45: Pharmaceutical stocks are higher. Arobindo Pharma rose 4%, Lupine Ltd rose 1.5%, Cipla Ltd 1.5%, 1.2% Sun Pharma, Dr. Reddy Lab 1.1%
9.40am: BSE Sensex ranks higher than 26 points, or 0.08% to 31,136 points, while the Nifty 50 up 2 points, or 0.02% to 9,607 points.