Indices start the day with marginal gains as Sensex gains 100 pts and Nifty 40 pts with Tata Motors jumping 5% in early trading.The major positive is that FIIs have turned buyers having bought equity for ₹4740 crores during the last 6 trading sessions
Adani Power begins electricity supply from Godda plant to Bangladesh
ONGC jumps 3% and is among the biggest gainers in today’s session after the company said that it has bought 11,520,000 shares of Mangalore SEZ Limited from IL&FS.
Godrej Properties’ Q4 sales volume up 19%; annual sales volumes surges 40%
Gold slides 1% after US jobs data raises rate hike bets.
The dollar index was 0.1% higher, making bullion expensive for overseas buyers.
Realty index shines in early trading as it gains more than a per cent with Godrej Properties and Sobha leading the index rally.
Earning season on the horizon as IT giants will declare Q4 results this week
Stock Market LIVE Updates: Benchmark indices started with marginal gains on Monday but are trading flat now. Tata Motors and Titan shine, while Asian Paints and Maruti drag. Auto and Realty are leading the sectoral indices, while Bank and FMCG stocks drag.
India’s factory output, inflation data along with major Q4 earnings of IT companies alongside US jobs data and other global trends will dictate the market this week. TCS, Infosys and HDFC will be among the heavyweights that will be declaring their Q4 results this week.
Tata Motors shares rally 8% on strong JLR numbers and Goldman Sachs upgrade. Buy or sell?
Auto major Tata Motors was the top gainer on the Nifty 50 index, surging nearly 8 per cent in Monday’s trade. At 9.59 am today, the shares of the Tata group stock were trading with gains of 7.62 per cent at ₹471 apiece on the National Stock Exchange.
This comes after an 8 per cent jump in the group’s global wholesales that includes Jaguar Land Rover. “Tata Motors is coming out of an 18-month consolidation phase with a breakout of the classical symmetrical triangle format that may lead to a fresh expansion phase. The pattern target is around 620, which is still 30% higher than the current level; therefore, investors should look for a buying opportunity at this counter. On the downside, 440-425 will act as a strong demand zone at any pullback,”
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