INSUBCONTINENT EXCLUSIVE:
In the metal space, Hindalco, JSW Steel and Tata Steel ended with gains of 3-5 per centThe stock exchange hit fresh all-time highs on
Monday, continuing with the momentum seen in the past week, on the back of strength in select metal and details shares
The BSE Sensex ended at 61,766, greater by 459 points or 0.74 per cent and the NSE Nifty ended at 18,477, up 138 points or 0.76 percent
The broader markets also ended company, with the BSE Midcap index gaining 0.9 per cent and the BSE smallcap index including 0.6 per cent.On
the stock-specific front, Infosys, Tata Steel and Tech Mahindra topped the gainers list on the BSE, with gains of 1-3 per cent each on the
ICICI Bank, ITC and Maruti Suzuki were the other significant gainers in the BSE pack
Index heavyweight Reliance Industries ended the day at Rs 2705, up 0.22 percent, after hitting a 52-week high of Rs 2744 earlier in the day
While doing so, Reliance markets' market cap exceeded Rs 18.50 lakh crore.And shares of metal companies were in focus, with the Nifty Metal
index rising 4 percent to a record high, due to a rise in base metal rates
Metal supply cuts are spreading from China to Europe as energy lacks drive up the expenses of electrical power and gas
In the metal space, Hindalco, JSW Steel and Tata Steel ended with gains of 3-5 per cent.On the other hand, HCL Tech, M-M and Asian Paints
were the top losers in the BSE pack.Among stocks that declared their results over the weekend, HDFC Bank rose over 2 percent to a record
high in early trading after reporting a 17.6 per cent jump in September-quarter earnings over the weekend
On Saturday, HDFC Bank reported a net earnings of Rs 8,834.3 crore the July-September quarter, an increase of 17.58 per cent from Rs 7,513.1
crore during the very same period last year
The shares nevertheless turned negative to end with losses of 0.8 percent at Rs 1,670
HCL Tech shares slipped more than 2 per cent at Rs 1220 to top the loser's list on the BSE in an otherwise strong market in wake of its
September quarter numbers
Post market hours on Thursday, HCL Tech reported a net revenue of Rs 3,259 crore in the quarter ended September 30, compared to Rs 3,143
crore in the corresponding month in 2015, marking a growth of 4 per cent on a year-on-year basis
The markets were shut on Friday on account of the Dussehra festival.The market breadth was strong
Out of 3,624 shares traded on the BSE, there were 1,822 aavancing shares as against 1,627 declines.
