Contact Your Financial Adviser Money Making MC
10
July 2018
I had
mentioned in Monday’s closing report that Nifty, Sensex were on an uptrend. The
major indices of the Indian stock markets rallied again on Tuesday and closed
with gains over Monday’s close. On the NSE, there were 1,193 advances, 525
declines and 345 unchanged. The trends of the major indices in the course of Tuesday’s
trading are given in the table below:
Taking
stock of coal supply situation in the country, Union Coal Minister Piyush Goyal
asked Coal India to focus on meeting coal demand, particularly that of power
sector. During a review meeting held here with officials, he urged "better
coordination between Coal India and Railways to ramp up supplies", sources
said. Coal India was also asked to work out on planning for next fiscal's
production and supply in an objective to better coordination with Railways, the
sources added. In fact, Coal India had recently said an action plan was drawn
to prioritise coal supplies to power stations lest they turn critical due to
non-availability of coal. The miner despatched 122.84 million tonnes of coal to
the power sector during the first quarter (April-June 2018) as compared to
despatch of 106.46 million tonnes same period last year. Coal India shares
closed at Rs278.95, up 2.88% on the NSE.
In
corporate news, Steel Strips Wheels bagged the largest exports order for Truck
& Trailer Aftermarket from USA for supply of 110,000 truck steel Wheels in
five months. The wheels would be supplied from its Chennai plant from next
month onwards. Steel Strips Wheels shares closed at Rs1,308.00, up 4.09% on the
NSE.
Astral
Poly Technik has approved acquisition of 51% equity share of Rex Polyextrusion
Pvt. Ltd. for Rs75.22 crore. Balance 49% of Rex Polyextrusion is to merge with
Astral in exchange of equity shares. Astral to issue 15,453 shares for
every 10 shares of Rex. The company’s shares closed at Rs1,035.00, up 3.30% on
the NSE.
PNC
Infratech has been declared as L-1 bidder for two packages (Package 5 & 6)
of 6-laning of Purvanchal Expressway Project (Lucknow - Ghazipur section) in
Uttar Pradesh on EPC basis for an aggregate quoted value of Rs2,520 crore. The
company’s shares closed at Rs155.70, up 2.30% on the NSE.
Gayatri
Projects has been declared as L-1 bidder for Development of Purvanchal
Expressway Project (Package-I) value at Rs1,483.00 crore and Development of Purvanchal
Expressway Project (Package-II) value at Rs1,276.00 crore. The company’s shares
closed at Rs180.65, up 4.72% on the NSE.
Nila
Infrastructures has received a work order for the construction of a building
from Adani Group's Shantigram Estate Management Pvt. Ltd., worth Rs53.84 crore.
The work has to be completed within 18 months. The company’s shares closed at
Rs13.00, up 2.36% on the NSE.
PVR
enters into a non-binding MoU (Memorandum of Understanding) with Al-Futtaim
Group, Dubai to jointly develop cinema business in the Middle East and North
Africa region subject to feasibility study, entering into a JV (joint venture)
agreement. The company’s shares closed at Rs1,412.55, up 2.49% on the NSE.
IndusInd
Bank Q1 FY19 results have been declared. Net Interest Income was at Rs2,122.43
crore (Rs1,774.06 crore in the same quarter of the previous year – 19.6% growth
year-on-year), net profit was at Rs1,035.72 crore (Rs836.55 crore in the same
quarter of the previous year – 23.8% growth year-on-year), provisions at
Rs350.01 crore (Rs309.97 crore in the same quarter of the previous year), gross
NPA (non-performing assets) were at 1.15% (1.09% in the same quarter of the
previous year) of total assets, and net NPA (non-performing assets) were at
0.51% (0.44% in the same quarter of the previous year) of total assets. The
bank’s shares closed at Rs1,936.00, down 1.14% on the NSE.
Prakash
Industries - Q1 FY19 standalone results are as follows: Net revenue was at
Rs985.42 crore (Rs650.47 crore in the same quarter of the previous year - 51.5%
growth year-on-year), profit after tax was at Rs168.68 crore (Rs59.41 crore in
the same quarter of the previous year – 183.9% growth year-on-year), EPS
(earnings per share) were at Rs9.43 (Rs3.96 in the same quarter of the previous
year). Prakash Industries shares closed at Rs159.90, up 0.41% on the NSE.
TCS
Q1 FY19 Consolidated results are as follows: Income from operations were at
Rs34,261 crore (Rs29,584 crore in the same quarter of the previous year - 15.8%
growth year-on-year), Net profit was at Rs7,340 crore (Rs5,945 crore in
the same quarter of the previous year - 23.5% growth year-on-year), EPS
(Earnings per share) were at Rs19.17 (Rs15.20 in the same quarter of the
previous year). Interim Dividend declared was at Rs4.00 per share. TCS shares
closed at Rs1,876.05, down 0.37% on the NSE.
The
US dollar index increased against most other major currencies as investors
continued to digest the country's nonfarm payrolls report for June. In late New
York trading on Monday, the euro rose to $1.1748 from $1.1746 in the previous
session, and the British pound was down to $1.3256 from $1.3283 in the previous
session. The Australian dollar increased to $0.7466 from $0.7430, Xinhua
reported. With no major economic data due on Monday, investors were still
sifting through the June jobs report. US total nonfarm payroll employment
increased by 213,000 in June, beating market consensus, the Labour Department
said on Friday. Job growth occurred in professional and business
services, manufacturing, and health care, while retail trade lost jobs.
Meanwhile, as more Americans entered the labour force but not all found jobs,
US unemployment rate in June rose slightly to 4% from 3.8% in May, the lowest
level since April 2000. The dollar index, which measures the greenback against
six major peers, was up 0.13% at 94.087 in late trading.
US
stocks traded on an upbeat note as financial shares rallied, bolstering the
market. The Dow Jones Industrial Average on Monday jumped 279.38 points, or
1.14%, to 24,735.86. The S&P 500 was up 20.44 points, or 0.74%, to
2,780.26. The Nasdaq Composite Index climbed 40.59 points, or 0.53%, to
7,728.98. Many major bank stocks gained. Shares of Bank of America, JPMorgan
Chase & Co. and Goldman Sachs all rose more than 2%. Trading mood was
lifted by a slew of encouraging data released last week. This market optimism
overshadowed the concerns over trade tensions between Washington and its key
trading partners, experts noted.
The
top gainers and top losers of the major indices are given in the table below:
The
closing values of the major Asian indices are given in the table below:The Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
No comments:
Post a Comment