INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Defying muted global cues, domestic equity market once again logged decent gains on Thursday, taking its winning streak to the
sixth session in a row.
The Sensex reclaimed the 34,000 level to close at 34,101, up 161 points
The Nifty50 topped the 10,450 level to shut shop at 10,458, up 41.50 points.
Let's have a look at the top newsmakers of Dalal Street -IT
stocks on a highThe Nifty IT index added 409 points or 3.21 per cent on depreciating rupee
The Indian currency shed 5 paise to hit a fresh five-month low of 65.36 against the US dollar, following increased demand for the American
currency from banks and importers
Out of 10 constituents in the IT pack, 9 ended in the green and 1 in the red
HCL Tech (up 4 per cent), TCS (up 4 per cent) and Infosys (up 3.54 per cent) were the top performers on the index.
Organised retailers to
see strong growth: JefferiesInitiating coverage on retailers, foreign brokerage Jefferies said grocery and value apparel segments were best
positioned with macro and micro factors turning favourable for the organised retail sector
V-Mart Retail stands out in apparel, and D-Mart, owned by Avenue Supermarts in grocery
Macro tailwinds bode well for Aditya Birla Fashion and Retail (ABFRL) and Future Lifestyle Fashions, Jefferies noted.
Boeing partners HAL
and MahindraBoeing on Thursday announced a partnership with Hindustan Aeronautics (HAL) and Mahindra Defence Systems (MDS) for manufacturing
of F/A-i8 Super Hornet in India
Shares of HAL ended nearly 1 per cent lower at Rs 1,086.80 while those of MM ended flat at Rs 788.
Stocks in newsHarrisons Malayalam: Shares
of the company hit upper circuit limit of 10 per cent at Rs 100.15 on BSE after the Kerala High Court set aside the orders issued by special
officer MG Rajamanickam for taking over around 38,000 acres of land in possession of Harrisons Malayalam (HML) by invoking provisions of
Kerala Land Conservancy Act
The land constitutes around 3.5 per cent of Idukki district, which has an area of 4,358 sqm, said an ET report.
VA Tech Wabag: The
Chennai-headquartered company has been awarded an order for Rs 147 crores by Bihar Urban Infrastructure Development Corporation, under the
prestigious Namami Gange scheme
It has also won a repeat order for Rs 83 crore to design, build and operate a 124-MLD water treatment plant at Rajpur-Sonarpur in Kolkata
This apart, the company has secured an order worth Rs 290 crore from HPCL-Mittal Energy
The stock closed 2 per cent higher at Rs 508.20 apiece on BSE.
NBCC: The company has secured the total business of Rs 769.96 crore in March,
The stock closed at Rs 210 apiece, down nearly 1 per cent.
Capacit'e Infra: The company on Thursday won contract worth Rs 162.67 crore from
Sea View Developers, a Brookfield Investee Company for Civil and Structure work package for construction of Tower 11 and Multi Level Car
The stock closed nearly 3 per cent higher at Rs 344.45 apiece on BSE.
What experts sayIt's unfair to compare India with China: Raghuram
READ MOREI have become slightly more bullish
I was very bearish in last 3-4 months: Samir Arora
READ MORESebi probes alleged corporate governance breaches at ICICI BankMarkets regulator Sebi has initiated a probe into alleged corporate
governance breaches at ICICI Bank, according to a report by ETNow
The regulator has asked for key documents on all board decisions pertaining to Videocon Group, the report added
READ MORESpurt in open interestTCS witnessed the biggest spike in open interest at 22.88 per cent, followed by Dish TV (22.16 per cent) and
CEAT (19.08 per cent).
Investment tips from Shankar SharmaGlobal stocksChina stocks ended lower on Thursday, weakened by financial and
transport stocks, as investors were rattled about possible US military action against Syria
The bluechip CSI300 index ended down 1 per cent to 3,898.64 points, while the Shanghai Composite Index closed 0.9 per cent lower at
3,180.16.European shares opened flat supported by fresh dealmaking activity.
