سینسیکس ابتدائی تجارت میں جدوجہد کررہا ہے ، یس بینک کے حصص میں اضافہ: 10 اپڈیٹس – لائیومائنٹ

سینسیکس ابتدائی تجارت میں جدوجہد کررہا ہے ، یس بینک کے حصص میں اضافہ: 10 اپڈیٹس – لائیومائنٹ

سینسیکس ابتدائی تجارت میں جدوجہد کررہا ہے ، یس بینک کے حصص میں اضافہ: 10 اپڈیٹس – لائیومائنٹ


Translating…

Indian markets struggled in early trade after the recent record-setting run. The Sensex was up about 80 points while Nifty was near 11,950. Shares of Yes Bank surged nearly 9% today in early trade. On Monday, the Sensex hit a new high of 40,483, extending gains to the seventh day. Other top gainers in the Sensex pack included SBI, Tata Motors, Maruti, Hero MotoCorp, up between 1% and 2%. Some selling pressure was seen in TCS, Kotak Bank, HUL and Infosys.

Here are 10 updates from stock markets:

1) Ace investor Rakesh Jhunjhunwala on Monday bought nearly 1.3 crore shares of Yes Bank, amounting to 0.5% stake of the private lender, for around 87 crore through open market transactions. Yes Bank shares were up 5% in latest trade.

2) According to bulk deal data available with the BSE, Jhunjhunwala purchased 1,29,50,000 shares of the private lender at an average price of 67.1, taking the transaction to 86.89 crore.

3) HDFC on Monday reported a stellar 60% jump in net profit for the September quarter was mainly due to one-time gains and increase in dividends from subsidiaries. The stock was up 0.6% today.

4) Some market participants expects Indian markets to consolidate in the near term after the record-setting rally.

5) The Nifty is likely to while away some time in terms of digesting the recent gains, HDFC Securities said in a note.

6) “Another index giant HDFC reported a strong set of Q2 numbers that has cheered the market sentiment. Technically, Nifty could spend time between 12,000 and 11,800 before heading for the level of 12,100,” said Shrikant Chouhan, senior vice-president, equity technical research at Kotak Securities.

7) “As of now, there are no signs of reversal and hence, we expect the index to take out the 12000 mark soon and then head towards new highs,” says Sameet Chavan of Angel Broking.

8) “We continue with our positive stance on the metal sector, and also expect the stocks from the banking and cement sector to join the momentum,” he added.

9) Metal stocks Tata Steel and Vedanta were up between 1.5% and 2%, extending their recent gains.

10) The global backdrop remained positive. Asian markets were higher today, following another record-setting day on Wall Street, spurred by optimism that US and China are inching toward a trade deal. The Financial Times reported that the US was debating whether to roll back levies on $112 billion of Chinese imports.