Tuesday, March 28, 2017
The Sensex was up 152.30 points at 29389.45, while the Nifty was up 48.90 points at 9094.10. About 1,495 shares advanced against a decline of 1,170 shares declined, and 192 shares remain unchanged.
Axis Bank, HDFC and Tata Motors (D) continued to gain, while ONGC, Hero MotoCorp and Tech Mahindra were the top losers.
Nifty Bank has been an outperformer on the back of a merger buzz after Kotak Mahindra Bank has called for a press conference on Wednesday.
The Sensex was up 164.41 points at 29401.56, while the Nifty was up 54.90 points at 9100.10. The market breadth was narrowing compared to morning movements. About 1,539 shares advanced against a decline of 920 shares, while 160 shares were unchanged.
Axis Bank, Asian Paints and Tata Motors (D) were top gainers on both the indices, while ONGC, GAIL and Tech Mahindra were among the top losers.
Vadilal industries has been buzzing in trade and has witnessed 38 percent gains this month and is up 86 percent this year.
To meet the expected demand for the summer season the company has already commissioned three production lines, said Rajesh Gandhi, CMD, Vadilal Industries, adding that distributors now have increased to 850 from 800 and retail outlets have increased to 60,000 from 55,000.
With the sugar and milk prices on the rise, the company had taken price hike of around 5 percent in the month of February and now the realisations are around Rs 110 per litre compared to the earlier Rs 81/litre.
Japan’s Nikkei 225 rose 0.82 percent, recovering most of its losses of 276 points, or 1.44 percent, seen yesterday.
In South Korea, the Kospi was up 0.28 percent, after the country revised its fourth-quarter gross domestic product up 2.4 percent year-on-year, from the 2.3 percent expected gain. For the full year, the economy grew by 2.8 percent, expanding at a similar rate to 2015, Reuters reported.