Morning Release of 31 Aug, 2017. |
Indian shares rose more than 1% on Wednesday, recouping most of the losses in the previous session, led by gains in financials, such as, Housing Development Finance Corp, while metal stocks climbed on higher prices for the commodity. The broader NSE index was up 1.12% at 9,905.30, while the benchmark BSE index rose 1.05% to 31,717.75.
Financial stocks accounted for more than a third of gains on the NSE index, with Nifty finance index gaining 1.2%. Housing Development Finance Corp Ltd. rose 2.3% after giving up 2.2% on Tuesday. Private-sector lenders, such as, ICICI Bank Ltd. and HDFC Bank Ltd. were up by about 1% each. Ujjivan Financial Services Ltd. hit a one-and-a-half-month high after its subsidiary Ujjivan Small Finance Bank was granted “scheduled bank” status by the Reserve Bank of India.
Financial stocks accounted for more than a third of gains on the NSE index, with Nifty finance index gaining 1.2%. Housing Development Finance Corp Ltd. rose 2.3% after giving up 2.2% on Tuesday. Private-sector lenders, such as, ICICI Bank Ltd. and HDFC Bank Ltd. were up by about 1% each. Ujjivan Financial Services Ltd. hit a one-and-a-half-month high after its subsidiary Ujjivan Small Finance Bank was granted “scheduled bank” status by the Reserve Bank of India.
Top Gainers
Company Name |
Close |
% Change |
HINDALCO |
236.35 |
3.09% |
BOSCH |
22465.50 |
3.56% |
BPCL |
520.95 |
3.34% |
Top Losers
Company Name |
Close |
% Change |
TECHM |
425.75 |
-1.39% |
M&M |
1358.15 |
-1.37% |
CIPLA |
556.35 |
-0.45% |
52 week High & Low
Company Name |
Close |
High or Low? |
AGRITECH |
95.40 |
HIGH |
APCL |
288.30 |
LOW |
ADHUNIK |
3.7 |
LOW |
BHAGYAPROP |
17.4 |
LOW |
Indices
Indices |
Last Trade |
% Change |
NIFTY |
9,884.40 |
0.90% |
NIFTY IT |
10,493.25 |
-0.12% |
NIFTY PHARMA |
8,908.05 |
0.49% |
NIFTY FMCG |
25,757.85 |
0.89% |
NIFTY REALTY |
276.65 |
1.65% |
BANK NIFTY |
24,308.70 |
0.74% |
INDIA VIX |
12.88 |
-4.84% |
FII/DII Activity as on 30 Aug, 2017
FII/DII |
Net Change (in Cr.) |
FII |
-12.46 |
DII |
290.78 |
Corporate Events
- Aditya Birla Capital, the financial services arm of AV Birla group, will be taken public from September through a listing on the BSE and NSE.
- ABB India has surpassed the 5GW milestone for the supply of solar inverters in the country.
- Shareholders of Wipro, India's third-largest software services firm, have approved the company's Rs 11,000 Crore buyback proposal.
- Mangalore Refinery and Petrochemicals Ltd. (MRPL) has delayed the full-scale start-up of a 3 million-tonne-a-year coker due to technical snag.
- State-owned NTPC today said it has signed a term loan agreement for Rs 3,000 crore with ICICI Bank for partially funding its capital expenditure.
Results Corner
- Mukta Arts Ltd.: June quarter consol net loss of 49.8 million rupees versus a loss of 18.9 million rupees year ago.
- India’s Warren Tea Ltd.: June quarter profit of 7 million rupees versus a loss of 47.6 million rupees a year ago. June quarter total income of 241 million rupees versus 187.6 million a rupees year ago.
