Epic Research

Tuesday, March 28, 2017

Sensex trades steady with 164-pts gain, Nifty hovers near 9100

Nifty_upContinuing with the trends from previous session, the market held steady and traded in a range after seeing an uptick in the morning trade. The Nifty continued to trade around 9100 range.

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.


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