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18
January 2018
The major indices of the Indian stock markets
were range-bound on Thursday and closed with gains over Wednesday’s close. On
the NSE, there were 330 advances, 1,500 declines and 59 unchanged. The trends
of the major indices in the course of Thursday’s trading are given in the table
below: The Total
Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Despite
paring gains due to a sell-off in metals, consumer durables and oil and gas
stocks, the key Indian equity indices managed to close at new highs on
Thursday. According to market observers, positive global cues, along with
inflow of foreign funds and upbeat quarterly corporate earnings, lifted the
benchmark indices to record highs during the mid-afternoon trade session.
Markets
opened with a bullish sign on expectation of rising foreign investment in banks
and government's focus on fiscal prudence. But later the gains were trimmed due
to profit booking in metals, PSU (public sector undertakings) banks and realty,
observed market analysts.
Automobile
major Maruti Suzuki will launch the new version of its popular hatchback car
Swift at the Delhi Auto Expo 2018. The automobile major said it has opened the
bookings for the new hatchback model which is going to be available with
"K12 VVT" petrol engine and "DDiS 190" diesel engine.
"We are delighted to open bookings for the all-new Swift and look forward
to a grand launch at the Auto Expo 2018," R.S. Kalsi, Senior Executive
Director (Marketing and Sales), Maruti Suzuki India, said in a statement. According
to the company, the "all-new Swift" is built on the 5th generation
"HEARTECT" platform. "The platform gets more strength and
rigidity and helps to improve the power-to-weight ratio, leading to better
acceleration performance for a peppy and fun to drive experience. The all-new
Swift is wider, compact and with longer wheel base allowing more cabin space,
headroom as well as luggage space," the statement said. The new Swift will
be available with Auto Gear Shift (AGS) technology in both petrol and diesel
trims. Maruti Suzuki shares closed at Rs9,368.70, up 0.49% on the NSE. The Total Investment & Insurance
Solutions
Adani
Ports and Special Economic Zone (APSEZ) on Thursday reported a rise of 18% in
its consolidated profit after tax (PAT) for the third quarter (Q3) ended
December 31, 2017. In a regulatory filing to the BSE, the company reported a
consolidated PAT of Rs994 crore -- up 18% from Rs847.46 crore reported during
the corresponding period of the previous fiscal. The company's consolidated
income from operations increased by 22% to Rs2,689 crore in Q3 2017-18 from
Rs2,209 crore during the same period in 2016-17. "Consolidated operating
EBITDA (earnings before interest, taxes, depreciation and amortization)
increased by 46% to Rs 1,967 crore in Q3FY18 from Rs1,344 crore in
Q3FY17," the company said in a statement. APSEZ handled cargo of 47.61 MT
(million tonnes) with a growth of 16% during the quarter in question.
"Cargo volumes growth in Q3FY18 rebounded after a tepid Q2FY18. This
growth was led by all round double digit growth in all major cargo that we
handle," said Karan Adani, Chief Executive Officer and Whole Time Director
of APSEZ. "We would continue to increase our footprints in the logistics
space. This will further improve our port to hinterland connectivity," he
added. The company’s shares closed at Rs416.25, down 3.37% on the NSE. The Total Investment & Insurance
Solutions
Telecom
service provider Idea Cellular on Thursday announced "cashback offer"
worth Rs3,300 on online recharges of Rs398 and above till February 10, 2018.
"On all 'Unlimited' plan recharges of Rs398 and above, done through any
online channel, Idea customers will get eight discount vouchers of Rs50
each," the company said in a statement here. It also said these discount vouchers
can be redeemed by customers on subsequent recharges of Rs300 and above over a
period of one year. "Customers will also receive five shopping coupons
worth Rs2,700 which can be used at the partner stores or website on a range of
brands," the statement added. In addition, recharge through company app or
website would attract wallet cashback of Rs200, it said. Idea Cellular shares
closed at Rs101.10, down 2.56% on the NSE.
The top
gainers and top losers of the major indices are given in the table below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
The
closing values of the major Asian indices are given in the table below:The Total Investment & Insurance
Solutions
 |
| Asian Indices (The Total Investment & Insurance Solutions) |
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