MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

The domestic indices ended higher on Tuesday, led by gains in FMCG and realty indices.

The domestic indices ended marginally  higher on Tuesday, led by gains in FMCG and realty indices.

The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points.

Among sectoral indices, the Nifty Realty index was over 1% higher led by a rise in the shares of Godrej Properties and Indiabulls Real Estate.

That apart, investor sentiments were positive during the day following the forecast of a normal monsoon this year by the India Meteorological Department (IMD).

Releasing its first forecast for the southwest monsoon, the IMD said rainfall in June-September was projected at 97 per cent of the long period average (LPA), with a model error of plus and minus 5 per cent. If monsoon rains lift farm output, it can boost demand for consumer goods as it raises incomes of rural people.

Asia stocks rose modestly on Tuesday following data showing China's economy grew a little faster than expected in the first quarter.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.05 per cent. South Korea's KOSPI dipped 0.1 per cent and Hong Kong's Hang Seng gained 0.15 per cent. Shanghai rose 0.15 per cent and Japan's Nikkei was flat.

(with Reuters inputs)

3:43 PM

Nifty Realty Index ends 1.19% higher. Top gainers: 

COMPANY	LATEST	PREV CLOSE	GAIN()	GAIN(%)
GODREJ PROPERT.	764.20	725.60	38.60	5.32
PHOENIX MILLS	585.80	573.50	12.30	2.14
INDBULL.REALEST.	194.75	191.75	3.00	1.56
DLF	216.90	214.50	2.40	1.12

3:39 PM

Sectoral Trend

3:37 PM

BSE Sensex: gainers and losers of the day

3:33 PM

Market at close

 

The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points.

3:32 PM

Nifty Highlights MRF hits new high touches Rs 80,000

Stock Quote:
 

3:15 PM

Hotel stocks rally; Taj GVK, Royal Orchid, EIH zoom over 15%

Shares of hotel companies have rallied by up to 20% in otherwise range-bound market with 8 out of 15 top gainers from the hotel sector. Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels & Resorts (India), Kamat Hotels (India) and Viceroy Hotels were up between 12% and 20% on the BSE. READ MORE

3:00 PM

Steel Strips Wheels hits record high on repeat export order

 

Shares of Steel Strips Wheels (SSWL) was up 4% to Rs 1,269 per share, also its record high on the BSE in intra-day trade, after the company bagged repeat order of 41,000 caravan wheels from Europe.

 

“The company bagged yet another big exports order for supply of steel wheels for EU Caravan market. Order comprises of approx. 41,000 steel wheels to be shipped from the company’s Chennai plant from next month onwards,” SSWL said in a regulatory filing. READ MORE

2:45 PM

FMCG stocks in focus: HUL, Britannia, Nestle India hit new highs

 

Shares of fast moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), Britannia Industries, Nestle India and Jubilant FoodWorks have hit their respective new highs on the BSE on expectation of good profit growth.

 

Thus far in the month of April, all these four stocks have outperformed the market by gaining in the range of 8% to 9% on the BSE. On comparison, the S&P BSE Sensex and S&P BSE FMCG index were up 4% and 5%, respectively. READ MORE

2:30 PM

Favourable monsoon forecast may have limited impact on markets: here's why

 

The S&P BSE Sensex has given average returns of 29.75 per cent during below-normal rainfall years – those in which rainfall is at least 10 per cent short of the long-period average (LPA), according to the India Meteorological Department.

 

The Sensex was up 13.08 per cent in 2004, when rainfall fell 13 per cent of the LPA. It rebounded 81.03 per cent in 2009 after the global financial crises, when rainfall fell short by 22 per cent. It again rose 29.89 per cent in 2014, when rains fell short by 12 per cent. The only exception was 2015, when the index fell 5.03 per cent, even as rainfall fell 14 per cent short. READ MORE

Monsoon. (Photo: Shutterstock)

2:17 PM

Banking sector preview Q4FY18: HDFC and IndusInd banks remain top picks

 

Banking stocks had a roller coaster ride over the last few months. Cases of fraud have changed the way banking sector was looked at. While the fraud related cases are restricted to a few banks as of now, the fear that more issues could come up has made investors looking at the true book value of banks in a more prudent way. The biggest question is, what is the true book value of banks adjusting for all the stressed assets?

 

While the sector was already struggling with the above issues the rising bond created further trouble. However, the regulators’ last move of allowing banks to amortize MTM losses on bonds over four quarters brings in some relief. The move could leave banks with relatively higher income which could be used for providing bad assets that might come up during the quarter. While this comes as a near-term relief the bond yields in India is unlikely to soften further in the coming months. READ MORE

2:01 PM

Market Check

S&P BSE Sensex	34,337.76		0.09%
Nifty 50	10,531.45		0.03%
S&P BSE 200	4,631.68		0.09%
Nifty 500	9,316.10		0.05%
S&P BSE Mid-Cap	16,746.79		0.07%
S&P BSE Small-Cap	18,126.06		0.24%

1:47 PM

Volume Toppers

COMPANY	PRICE()	CHG()	CHG(%)	VOLUME
IDEA CELLULAR	71.80	0.55	0.77	43518548
REL. COMM.	21.15	0.05	0.24	4594105
ADITYA BIR. FAS.	150.50	2.10	1.42	2223034
JP ASSOCIATES	19.45	-0.25	-1.27	2106090
POWER GRID CORPN	204.95	5.90	2.96	1979171

1:31 PM

Will Reliance Industries' quarterly profit scale past Rs 100 billion?

 

Textiles to telecom conglomerate, Reliance Industries (RIL) is expected to post its best-ever quarterly consolidated net profit, with the figure expected to be close to Rs 100 billion mark.

 

The strong quarterly expectations are on the back of its petrochemicals segment performance. In addition, retail and telecom are likely to help the company’s March 2018 quarter (Q4) performance. “The petrochemicals segment is expected to do better due to healthy deltas and strong volume growth,” said analysts at Motilal Oswal Securities, which estimates RIL to clock a net profit of Rs 95.40 billion in Q4. READ MORE

1:15 PM

ATMs run out of notes: Here's the reason behind the massive cash crunch

States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by the Reserve Bank of India (RBI) found that the rate of cash withdrawal was much higher than the rate of cash deposits in Andhra Pradesh, Bihar, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana, among other states. Complaints of cash crunch have been reported from semi-urban and rural regions of the states READ MORE

1:00 PM

After 37% jump in FY18, analysts turn cautious on real estate sector

After rallying nearly 37 per cent in the last financial year (FY18) as compared to around 10 per cent rise in the benchmark Nifty50, the Nifty Realty index has performed in line with the broader markets thus far in FY19.

 

The huge outperformance in FY18, analysts say, was on account of implementation of the Real Estate (Regulation and Development) Act (RERA) and government’s focus on affordable housing amid strengthening economy and steady interest rates. The sharp run-up has now turned analysts cautious on this space CLICK HERE FOR MORE