GAGA Share Market News

[hfe_template id='11223'] [ad_1] Domestic markets were largely positive in the week gone by even though there were no fresh triggers post the election outcome. The broader market outperformed the benchmarks during the week as sentiments were in favour for growth-based stocks. During the week, as many as 191 smallcap stocks delivered double digit returns with 13 of them gaining 25% or more. PTC Industries was leading the smallcap pack at 35%, followed by Avantel at 33% and Honda India Power at 30.47%. About 21 stocks including Jubilant Industries, Reliance Infrastructure, Agarwal Industrial Corp, DCX Systems, Bajaj Hindustan, Dredging Corp among others have offered returns between 20-25% during the week. In the midcap segment, nine stocks including Schaeffler India, Oil India, Oracle Financial among others have risen in double digits. While Schaeffler gained 16%, Oil India and Oracle were up over 13% each. Among the Sensex pack, Ultratech Cement topped the charts with 7.4...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices, Sensex and Nifty50, opened with fresh record highs on Monday, led by index heavyweight Reliance Industries and banking stocks. The BSE Sensex was trading 321 points, or 0.42%, higher at 77,014. The Nifty50 was up 110 points, or 0.47%, trading at 23,400 around 9:19 am. This is the first time that Sensex has hit the 77,000 mark. Reliance Industries, Axis Bank, Power Grid, SBI, and Kotak Mahindra Bank emerged as the leading contributors to the Sensex's gains in early trade. However, Infosys, TCS, HCL Tech, and Tech Mahindra exerted downward pressure on the index. Barring Nifty IT, all sectoral indices opened higher. Nifty IT fell 0.9% in early trade after strong U.S. monthly jobs data fanned worries of delayed rate cuts by the Federal Reserve. IDBI Bank witnessed a notable surge of 5.5% after receiving an income tax order that determined a refund of Rs 2,702 crore for the assessment year 2016-17. On the o...

[hfe_template id='11223'] [ad_1] Tracking gains in global peers, Indian benchmark equity indices opened higher on Friday, led by auto and energy stocks. The BSE Sensex was trading 515 points higher at 22,092, while the Nifty50 was trading at 22,109, up 151 points, around 10:00 a.m. From the Sensex stocks, NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers, rising over 1% each in early trade. On the other hand, Infosys, HCL Tech, TCS, and HDFC Bank opened in the red. Nifty Auto rose 0.9%, led by Hero MotoCorp, Bajaj Auto, and Tata Motors. Nifty FMCG, Financials, Media, Metal, Consumer Durables, and Oil and Gas also opened higher. In the broader market, Nifty Mid and Smallcap100 surged over 0.2%. Bharat Petroleum Corporation (BPCL) gained 5% on despite the company's Q4 earnings missing street expectations on lower refining margins. The rise comes as Citi maintained a 'Buy' call on the stock despite below-estimate earnings.Shares of Tata Motors...

[hfe_template id='11223'] [ad_1] Tracking a rebound in global markets, Indian benchmark equity indices opened higher for the third straight session on Tuesday, led by financial and IT stocks, along with Reliance Industries, following the conglomerate's fourth-quarter profit estimates beat. The BSE Sensex was trading 314 points or 0.42% higher at 73,947. Nifty50 was trading at 22,426, up 90 points or 0.40% at around 9.22 am. Bharti Airtel, HDFC Bank, Reliance Industries, Infosys, Titan, and HCL Tech emerged as the top Sensex contributors, driving the index higher. Conversely, Power Grid, M&M, and ICICI Bank weighed on the index. Among individual stocks, Tejas Networks shares surged over 15% after the company reported consolidated profit after tax of Rs 147 crore in the March quarter versus a loss of Rs 11.5 crore year-on-year. Rallis India shares dipped by 3% in early trade after the company reported a net loss of Rs 21 crore in the March quarter. On the sectoral ...