Epic Research

Wednesday, September 7, 2016

Sensex, Nifty range bound; BHEL jumps 15%, L&T gains


The market continues to hold early as the Sensex is up 15.83 points at 28993.85. The Nifty is down 3.30 points at 8939.70. 

About 1377 shares have advanced, 1158 shares declined, and 156 shares are unchanged.

SBI, L&T, ICICI Bank, Cipla and Infosys are top gainers while BHEL, HDFC, Asian Paints, NTPC and Axis Bank are major losers in the Sensex.

L&T Technology Services Update by Epic Research

Tata Motors-owned Jaguar Land Rover reported 26 per cent increase in retail sales with36,926 units in August. The month’s performance has been driven by strong sales of the Land Rover Discovery Sport, the Jaguar F-PACE and XE, Tata Motors said in a BSE filing.

The Jaguar brand sold 10,868 units in August, up 104 percent from the year-ago month, reflecting the strong launch of the F-PACE as well as continued solid sales of the XE, it added.

Land Rover’s August sales were at 26,058 vehicles, up 9 percent year-on-year driven mainly by the Discovery Sport, which retailed 7,053 units.

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