Market Cautious Ahead Of Quarter Earnings
Jan 18, 2017 | 21:28 PM IST
Jan 18, 2017 | 21:28 PM IST
Market Walk 18th January, 2016:
Quarter earnings with global uncertainties making market more cautious.
Sensex gained 21.98 points to 27257.64
Nifty gained 19.0 points to 8417.0
Ultratech Cement Ltd gained 3.66% to 3504.0
Among the top gainers were BHEL by 3.63% to 132.6, Hindalco by 3.57% to 177.15, Tata Steel by 3.24% to 468.95, Aurobindo Pharma by 2.91% to 728.0.
Among the top losers were Idea Cellular lost 2.82% to 67.3. Gail by 1.71% to 438.0, NTPC by 1.71% to 172.70, Hero Motocorp by 1.62% to 3082.0, Bosch Ltd by 1.43% to 21110.0.
The Finance Minister Arun Jaitley today approved listing of shares of public sector general insurance companies via issue of fresh equity, offer of sale or combination of both. After this government's divestment decision, ICICI Prudential Life Insurance shares gained 2.5 percent. The subsidiary of ICICI Bank acquired 8.41 percent stake in financial technology service provider Fino Paytech for Rs 100 crore. Metals stocks hogged limelight with the Nifty Metal rising over 2 percent. Tata Steel, NALCO, Jindal Steel, Hindalco and Vedanta surged 3-5 percent. European bourses were moderately higher after UK Prime Minister Theresa May provided further clarity on her aims for the upcoming Brexit talks and investors received a number of corporate reports. Asia finished mixed.
Stocks to Watch: Tata Coffee Ltd is on up side while Idea Cellular is on down side.
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