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As on Jun 20, 2018 12:00 AM Your results on : End Session    
Sensex, Nifty clock modest gains on positive global stocks
20-Jun-2018 (16:54)

Key benchmark indices logged modest gains in a steady session of trade as global stocks rose as the panic surrounding a potential global trade war showed signs of easing. The barometer index, the S&P BSE Sensex, gained 260.59 points or 0.74% to settle at 35,547.33. The Nifty 50 index rose 61.60 points or 0.58% to settle at 10,772.05. Domestic stocks snapped their two-day losing streak led by gains in index heavyweights Reliance Industries (RIL), HDFC Bank and HDFC.

After opening higher, key indices pared gains in morning trade. Indices firmed up once again in mid-morning trade and hit fresh intraday high in late trade.

The barometer index, the S&P BSE Sensex, gained 260.59 points or 0.74% to settle at 35,547.33. The Sensex rose 284.63 points, or 0.81% at the day's high of 35,571.37 in late trade. The index rose 42.77 points, or 0.12% at the day's low of 35,329.51 in morning trade.

The Nifty 50 index rose 61.60 points or 0.58% to settle at 10,772.05. The Nifty rose 71.35 points, or 0.67% at the day's high of 10,781.80 in late trade. The index rose 13.60 points, or 0.13% at the day's low of 10,724.05 in morning trade.

Among secondary barometers, the BSE Mid-Cap index rose 0.23%. The BSE Small-Cap index rose 0.27%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was just about negative. On BSE, 1,309 shares rose and 1,314 shares fell. A total of 142 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Metal index (up 1.09%), the S&P BSE Bankex (up 1.04%), the S&P BSE Realty index (up 0.83%) outperformed the Sensex. The S&P BSE FMCG index (down 0.36%), the S&P BSE Capital Goods index (down 0.28%), the S&P BSE Oil & Gas index (down 0.27%) underperformed the Sensex.

IndusInd Bank (up 2.27%), Yes Bank (up 1.66%), Kotak Mahindra Bank (up 1.58%), and HDFC Bank (up 1.5%) were the top Sensex gainers.

ONGC (down 1.24%), Coal India (down 0.92%), ITC (down 0.9%), Wipro (down 0.71%) and Larsen & Toubro (down 0.54%) were the major Sensex losers.

Index heavyweight Reliance Industries (RIL) gained 2.44% to Rs 1,019.95.

Index heavyweight and housing finance major HDFC rose 1.25% to Rs 1,849.50.

Metal shares rose. Jindal Steel & Power (up 3.48%), JSW Steel (up 2.38%), NMDC (up 1.3%), Hindustan Copper (up 0.07%), Steel Authority of India (up 1.44%), Tata Steel (up 1.52%), Hindalco Industries (up 0.31%) and Vedanta (up 2.1%) edged higher. National Aluminium Company (down 3.37%) and Hindustan Zinc (down 0.37%) fell.

Infosys shed 0.06%. The company announced that it has strengthened its footprint in France by establishing a Digital Center of Excellence in Marseille. The move is part of Infosys' efforts to bring its digital offerings to companies in France as they navigate the next stage in their business journey. In addition, the center will also deliver on a strategic seven-year partnership with CMA CGM Group the world leading container shipping organisation. This partnership was announced in September 2017 to simplify and transform the group's IT applications and improve customer service experience. The announcement was made after market hours yesterday, 19 June 2018.

Cipla gained 0.22%. The company announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Efavirenz Tablets 600mg from the United States Food and Drug Administration (US FDA). Cipla's Efavirenz Tablets 600 mg is AB-rated generic therapeutic equivalent version of Bristol-Myers Squibb Pharma Company's, Sustiva. It is indicated in combination with other antiretroviral agents for the treatment of human immunodeficiency virus type 1 infection in adults and in pediatric patients at least 3 months old and weighing at least 3.5 kg. The announcement was made after market hours yesterday, 19 June 2018.

According to IQVIA (IMS Health), Sustiva and its generic equivalents had US sales of approximately $105 million for the 12-month period ended April 2018. The product is available for shipping immediately.

Bhel rose 0.67%. The company announced during trading hours today, 20 June 2018, that it has bagged two major orders for emission control equipment from Telangana State Power Generation Corporation (TSGENCO). Valued at Rs 1000 crore, the orders involve supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at TSGENCO's 1x800 MW Kothagudem Thermal Power Station (TPS) and 4x270 MW Bhadradri TPS in Telangana.

The order for Bhadradri TPS also includes modification in Boiler and ElectroStatic Precipitators (ESPs) to meet the revised emission norms. Bhel is presently executing these projects on engineering, procurement, construction (EPC) basis.

Wheels India surged 7.71%. The company said that the board of directors of the company may consider issue of bonus shares in its board meeting scheduled to be held on 22 June 2018. The announcement was made after market hours yesterday, 19 June 2018.

Unichem Laboratories gained 4.92%. Unichem Laboratories has entered into a settlement agreement with Eli Lilly & Company and ICOS Corporation to resolve their patent litigation in the United States District Court for the District of New Jersey regarding Unichem's Abbreviated New Drug Application for generic tadalafil (Cialis). Under the settlement agreement, Unichem expects to launch its generic tadalafil product in the United States on or not before 26 March , 2019 under certain circumstances. The announcement was made during market hours today, 20 June 2018.

Sharda Cropchem rose 1.54% after the company scheduled a board meeting on 25 June 2018 to consider fund raising by way of issuance of equity shares or equity linked securities such as warrants, convertible securities, global depository receipt or American depository receipts or foreign currency convertible bonds including but not limited to through preferential issue and / or qualified institutions placement or through any other permissible mode and / or combination thereof. The announcement was made after market hours yesterday, 19 June 2018.

Sadbhav Infrastructure Project advanced 3.51%. Sadbhav Infrastructure Project has signed a maintenance contract with Sadbhav Jodhpur Ring Road, a wholly owned subsidiary, worth Rs 55 crore for maintenance and repairs works during the development period and construction period. The announcement was made after market hours yesterday, 19 June 2018.

Sadbhav Jodhpur Ring Road has undertaken the project for four laning of Dangiywas to Jajiwal of NH-65 Nagaur Road of Jodhpur Ring Road in Rajasthan under NHDP Phase-VII.

On the political front, President Ram Nath Kovind approved the imposition of governor's rule in Jammu and Kashmir, a day after the BJP pulled out of its alliance with the Peoples Democratic Party (PDP) in Jammu and Kashmir. Following the President's approval, governor NN Vohra will be presiding over the state.

Overseas, European stocks rose as markets awaited the next development in the trade dispute between the US and China, whose central bank called for investors to remain calm. China's central bank Governor, Yi Gang, reportedly pledged late Tuesday to use monetary policy comprehensively and said policy makers are prepared for outside shocks.

Asian stocks bounced back due to bargain hunting after sharp losses made in the previous session. US stocks declined on Tuesday, as investors sold stocks following President Donald Trump's late-Monday threat to slap an additional $400 billion in tariffs on China goods. The announcement represented the latest escalation in a dispute between the two largest economies in the world, rattling investors.

After Beijing's retaliation against US planned tariffs on $50 billion worth of Chinese imports, Trump asked US Trade Representative Robert Lighthizer late Monday to identify $200 billion more in Chinese products that could be subject to tariffs of 10%. The US president also threatened to find $200 billion more worth of goods if China tried to retaliate against those additional tariffs.

A spokesperson from China's Ministry of Commerce reportedly said China will have no choice but to take comprehensive measures in response to the US's trade moves

On the US data front, Housing starts ran at a seasonally adjusted annual 1.35 million annual rate in May, the Commerce Department said Tuesday. Permits were at a 1.3 million seasonally adjusted annual rate.

Sensex, Nifty slide on escalating trade war concerns
19-Jun-2018 (16:50)
Stocks fall as US-China trade war intensifies
18-Jun-2018 (16:47)
Sensex, Nifty settle with small gains
15-Jun-2018 (16:46)
Shares correct after US Fed rate hike
14-Jun-2018 (16:25)
Volatile session ends with small gains
13-Jun-2018 (16:24)
Market ends with decent gains
12-Jun-2018 (16:39)
Indices end with minor gains
11-Jun-2018 (16:31)
Indices end volatile session almost flat
08-Jun-2018 (16:24)
Sensex, Nifty rally on upbeat global cues
07-Jun-2018 (16:55)
Sensex, Nifty advance after RBI policy
06-Jun-2018 (16:58)
Market drops ahead of RBI policy
05-Jun-2018 (17:08)
Sensex settles a tad above 35,000
04-Jun-2018 (16:47)
Sensex, Nifty settle with modest losses
01-Jun-2018 (16:47)
Key benchmarks end with strong gains
31-May-2018 (16:42)
Indices settle with minor losses
30-May-2018 (16:23)
Sensex settles below 35,000 mark
29-May-2018 (16:28)
Shares jump as crude prices correct
28-May-2018 (16:37)
Sensex, Nifty rise for 2nd straight session
25-May-2018 (16:32)
Sensex, Nifty advance in broad-based buying
24-May-2018 (16:59)
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