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As on Feb 23, 2018 12:00 AM Your results on : End Session    
Market settles at over 1-week high in a broad-based rally
23-Feb-2018 (16:40)

Domestic stocks scored strong gains on last trading day of the week on steady buying demand for index pivotals. The barometer index, the S&P BSE Sensex, surged 322.65 points, or 0.95%, to settle at 34,142.15. The Nifty 50 index gained 108.35 points, or 1.04 %, to settle at 10,491.05. The Sensex settled well above the psychological 34,000-mark after regaining that level in intraday trade. The Sensex and the Nifty settled at over 1-week high on broad-based buying. Domestic stocks were boosted by positive Asian stocks.

Sun Pharmaceutical Industries jumped over 5% after the company issued an update on US drug regulator's inspection at the firm's Halol facility in Gujarat. Bank stocks rose. Metal and mining stocks gained across the board.

The trading session was steady today, 23 February 2018 as the key equity benchmark indices kept on gaining ground as day's trading session progressed after a gap-up opening triggered by positive Asian stocks. On the contrary, volatility was intense yesterday, 22 February 2018 as traders rolled over positions in the F&O segment from the near month February 2018 series to March 2018 series. The February 2018 F&O contracts expired yesterday, 22 February 2018.

The Sensex surged 322.65 points, or 0.95%, to settle at 34,142.15, its highest closing level since 15 February 2018. The index gained 348.10 points or 1.03% at the day's high of 34,167.60 in intraday trade. The index rose 12.50 points at the day's low of 32,832 in intraday trade.

The Nifty 50 index gained 108.35 points, or 1.04 %, to settle at 10,491.05, its highest closing level since 15 February 2018. The index gained 116.40 points or 1.12% at the day's high of 10,499.10 in intraday trade. The index rose 13.95 points at the day's low of 10,396.65 in intraday trade.

The S&P BSE Mid-Cap index rose 1.47%. The S&P BSE Small-Cap index gained 1.54%. Both these indices outperformed the Sensex.

The broad market depicted strength. There were more than two gainers against every loser on BSE. 1,901 shares rose and 829 shares fell. A total of 154 shares were unchanged.

The total turnover on BSE amounted to Rs 3977.86 crore, higher than the turnover of Rs 3472.88 crore registered during the previous trading session.

Among the sectoral indices on BSE, the S&P BSE Metal index (up 3.16%), the S&P BSE Basic Materials index (up 2.43%), the S&P BSE Healthcare index (up 1.91%), the S&P BSE Telecom index (up 1.90%), the S&P BSE Power index (up 1.44%), the S&P BSE Bankex (up 1.27%), the S&P BSE Finance index (up 1.21%), the S&P BSE Utilities index (up 1.21%), the S&P BSE Industrials index (up 1.13%), the S&P BSE Capital Goods index (up 1.07%), the S&P BSE Energy index (up 1.05%) and the S&P BSE Oil & Gas index (up 0.99%), outperformed the Sensex.

The S&P BSE Teck index (up 0.90%), the S&P BSE FMCG index (up 0.81%), the S&P BSE IT index (up 0.76%), the S&P BSE Consumer Discretionary Goods & Services index (up 0.72%), the S&P BSE Realty index (up 0.68%), the S&P BSE Auto index (up 0.67%) and the S&P BSE Consumer Durables index (up 0.23%), underperformed the Sensex.

Sun Pharmaceutical Industries jumped 5.71% after the company issued an update on US drug regulator's inspection at the firm's Halol facility in Gujarat. The announcement was made during trading hours today, 23 February 2018.

The (USFDA) conducted a Good Manufacturing Practices (GMP) inspection of Sun Pharmaceutical Industries' Halol facility in Gujarat, India from 12 to 23 February 2018. At the conclusion of the inspection, the agency issued a Form 483, with three observations. The company said it is preparing the response to the observations, which will be submitted to the USFDA within 15 business days. The company is committed to addressing these observations promptly.

The company said it remains committed to working closely with the USFDA and continues to enhance its GMP compliance on an ongoing basis.

Bank stocks rose. Among private bank stocks, RBL Bank (up 3.81%), ICICI Bank (up 1.04%), Axis Bank (up 1.24%), HDFC Bank (up 1.12%), Kotak Mahindra Bank (up 0.87%) and IndusInd Bank (up 1.14%) gained.

Yes Bank rose 2.28% after the bank announced the approval of final terms and allotment of 30,000 rated, listed, non-convertible, redeemable, unsecured, Basel III compliant Tier 2 bonds, in the nature of debentures, aggregating to Rs 3000 crore. The announcement was made after market hours yesterday, 22 February 2018.

Federal Bank advanced 5.51% after the bank said its board approved acquisition of up to 26% of the paid-up equity share capital of Equirus Capital (ECPL), a financial services company, subject to statutory and regulatory approvals and satisfactory completion of the financial and legal due diligence. The announcement was made after market hours yesterday, 22 February 2018.

Karnataka Bank gained 2.86% after the bank said that it has opened its 797th branch at Mantralayam, Karnataka on 22 February 2018. The bank also announced opening of its 794th branch at Kudligi, 795th branch at Byndoor and 796th branch at Karaya-Thannirupantha GP today, 22 February 2018. The announcement was made after market hours yesterday, 22 February 2018.

Among PSU bank stocks, IDBI Bank (up 4.19%), State Bank of India (SBI) (up 1.28%), Bank of Baroda (up 1.68%), Syndicate Bank (up 1.67%), Canara Bank (up 1.24%), Bank of India (up 0.19%) and Union Bank of India (up 1.07%) rose. Punjab National Bank (down 1.09%), UCO Bank (down 0.91%) and Vijaya Bank (down 0.78%) fell.

Metal and mining stocks gained across the board. Tata Steel (up 6.26%), Steel Authority of India (Sail) (up 3.64%), National Aluminium Company (up 4.14%), Hindustan Zinc (up 4.21%), Jindal Steel & Power (up 5.37%), Vedanta (up 2.82%), JSW Steel (up 3.17%), Hindalco Industries (up 2.71%), NMDC (up 2.84%) and Hindustan Copper (up 1.5%) edged higher.

L&T rose 0.86%. L&T Construction, the construction arm of L&T has won orders worth Rs 1266 crore across various business segments. The announcement was made during market hours today, 23 February 2018.

The Buildings & Factories business bagged orders worth Rs 928 crore from a government client to construct 284 residential towers of G+3 floors under the Prime Minister Awas Yojana Scheme in various locations of Krishna District of Andhra Pradesh. The business has also received additional orders from various ongoing projects. Also an order from the Mumbai Metro Rail Corporation (MMRC) worth Rs 338 crore has been bagged by Power Transmission & Distribution Business to be jointly executed with Transportation Infrastructure business.

M&M shed 0.22%. SmartShift today announced an intent to merge with Porter by Resfeber Labs, India's leading tech-enabled logistic solutions provider in the goods transportation space. Under the aegis of the merged identity, which would be called Mahindra SmartShift, both go-to market brands Porter and SmartShift will continue to service their respective customers and partner-drivers in order to optimise greater operational efficiency. The announcement was made during market hours today, 23 February 2018.

Mahindra would invest a sum of Rs 65 crore in the two entities which reinforces the group's commitment in this space. This merger will help both SmartShift and Porter to spread out to a pan India presence in the shared mobility space. Mahindra has been keen to invest in the shared mobility space as a part of its strategy to promote and participate in sustainable mobility solutions, including promoting load aggregation digital platforms.

SmartShift is an on-demand logistics provider. Porter aims to provide economical, efficient and reliable logistics solutions to its customers, while empowering partnered drivers, by utilising technology.

Info Edge (India) rose 5.05% to Rs 1,202.95 on bargain hunting after a recent slide. Shares of Info Edge (India) fell 11.46% in eight trading sessions to settle at Rs 1,145.10 yesterday, 22 February 2018, from its close of Rs 1,293.30 on 9 February 2018.

Sadbhav Engineering rose 1.71% after the company said it was declared successful bidder by National Highway Authority of India (NHAI) for construction of NH24 extension 4-lane bypass in Uttar Pradesh on engineering, procurement, construction (EPC) mode. Length of the project is 31.89 kilometres. The company quoted price of Rs 981 crore. NHAI estimated price is Rs 896.22 crore. Construction period is 3 years. The announcement was made during trading hours today, 23 February 2018.

ITD Cementation India rose 0.16% after consolidated net profit surged 47.45% to Rs 17.65 crore on 15.13% decline in total income to Rs 589.96 crore in Q4 December 2017 over Q4 December 2016. The results were announced after market hours yesterday, 22 February 2018.

Merck gained 2.91% after net profit surged 40.22% to Rs 27.26 crore on 15.63% growth in total income to Rs 309.52 crore in Q4 December 2017 over Q4 December 2016. Merck's board recommended payment of dividend of Rs 15 per share for the year ended 31 December 2017. The results were announced after market hours yesterday, 22 February 2018.

Overseas, European stocks were trading lower even as US index futures held on to firm gains, as investors continue to track developments in government bond markets amid one of the most sustained rises in borrowing costs for three decades. Trading of US index futures indicated that the Dow could jump 102 points at the open today, 23 February 2018.

Asian stocks rose as investors continue to debate the outlook for central bank policy normalization and the impact of higher bond yields. Meanwhile, Japan's core consumer price index rose for a 13th straight month in January, increasing by 0.9% from a year earlier, matching December's rate of growth, data from the Ministry of Internal Affairs and Communications showed today, 23 February 2018.

In US, the Dow and the S&P 500 closed higher while the Nasdaq slipped yesterday, 22 February 2018 as investors grappled with the threat from higher interest rates. On the data front, initial US jobless claims fell by 7,000 to 222,000 in the seven days ended 17 February 2018, marking the second lowest level since the end of the 2007-2009 recession.

Indices settle with small losses
22-Feb-2018 (17:00)
Market settles with modest gains
21-Feb-2018 (16:44)
Market settles with small losses amid volatility
20-Feb-2018 (16:36)
Market drops for second day in a row
19-Feb-2018 (16:32)
Sensex hits one-week closing low
16-Feb-2018 (16:45)
Market gains on positive global cues
15-Feb-2018 (16:44)
Market settles lower as bank stocks plunge
14-Feb-2018 (16:45)
Market settles higher on strong global cues
12-Feb-2018 (16:48)
Sensex hits lowest closing level in five weeks
09-Feb-2018 (16:11)
Shares bounce back on bargain hunting
08-Feb-2018 (16:42)
Sensex, Nifty end with modest losses
07-Feb-2018 (16:39)
Market slumps on global sell off
06-Feb-2018 (16:59)
Sensex settles below 35,000 mark
05-Feb-2018 (16:46)
Market slumps over LTCG tax concerns
02-Feb-2018 (16:53)
Market drifts lower in choppy trade as government introduces LTCG tax
01-Feb-2018 (16:48)
Market hits over one-week closing low ahead of Union Budget
31-Jan-2018 (16:45)
Market hits almost 1-week closing low on negative global stocks
30-Jan-2018 (16:36)
Market scales record high as Economic Survey predicts higher GDP growth
29-Jan-2018 (16:27)
Shares decline on profit selling
25-Jan-2018 (16:29)
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