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21
Aug 2018
I had mentioned in Monday’s closing report that Nifty, Sensex were headed
up. The major indices of the Indian stock markets were range-bound on Tuesday
and closed with minor gains over Monday’s close. On the NSE, there were 892
advances, 926 declines and 76 unchanged. The trends of the major indices in the
course of Tuesday’s trading are given in the table below:
The
key Indian equity indices ended at fresh record closing levels on Tuesday with
nominal gains amid a largely choppy trade. The trade was tepid as traders
booked profits after the indices hit record levels earlier in the day, analysts
said. Both the S&P BSE Sensex and the Nifty 50 on the National Stock
Exchange touched new all-time intra-day highs of 38,402.96 points and 11,581.75
points respectively. However, broadly negative Asian markets along with
investors' fears over rise in trade protectionist measures and high crude oil
prices subdued the key indices later in the day. Conversely, a strengthened
rupee against the US dollar during the intra-day aided the key indices to
arrest the slide. It strengthened to an intra-day high of 69.53 to a greenback.
Buying activity was witnessed in healthcare, IT (information technology) and
capital goods stocks. However, selling pressure on consumer durables and metal
stocks limited the gains. The Total
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The
scrip of Jet Airways traded lower on Tuesday after reports claimed that the
government has initiated a probe against the airline. However, in a regulatory
filing to the BSE, the airline said that it has not received any communication
in this regard from the Ministry of Corporate Affairs (MCA). The stock exchange
had sought a clarification from Jet Airways on reports which claimed that the
MCA has commenced a probe against Jet Airways on suspicion of siphoning off of
funds. Jet Airways India shares closed at Rs292.35, down 2.94% on the BSE.
India's
largest auto maker Maruti Suzuki India Ltd rolled out here a new Ciaz sedan
model with hybrid technology. "The new Ciaz sedan with 1.5-litre petrol
engine and smart hybrid technology is engineered to offer comfort and enhanced
performance," said a top company official on the occasion. The next
generation model with Lithium-ion battery has an array of safety and
convenience features such as LED projector headlamps, front fog lamps, front
bumper and grille and rear combination lamps. "Ciaz in new avatar is the
first car in India to be powered by smart hybrid technology with Lithium-ion
battery. With fresh changes, we are confident that it is in line with
aspirations of customers," said Managing Director & CEO Kenichi
Ayukawa unveiling the sedan. The Japanese automaker launched Ciaz in India for
the first time in 2014 as a mid-size premium sedan under A3 segment and sold
2,20,2000 units over the last four years. As a hybrid vehicle, Ciaz is built on
a legacy of innovation. Its new battery is compact, designed for longer service
life and improves fuel efficiency. "Ciaz has fuel efficiency of 21.6 km
per litre in manual petrol variants and 28.1 km per litre in diesel
variant," noted the statement. Retailed through the Nexa network, Ciaz
variants are prized between Rs8.19 lakh and Rs10.97 lakh with GST (goods and
sales tax) for the top end (Alpha) variant, which contributes 41% of its total
sales. Maruti Suzuki India shares closed at Rs9,110.10, up 0.39% on the NSE.
Telecommunication
service provider Bharti Airtel said that it has become the first mobile
operator in Punjab to cross 10 million subscriber mark. The company said it
aims to increase the mobile sites across the state to over 24,500 by September,
taking its high speed data services deeper into rural areas and strengthening
coverage in cities. "As the market gets ready for the next wave of growth,
we are expanding our telecom networks wider and deeper across the region and
contribute to the Digital Punjab vision," said Manu Sood, Hub CEO, Upper
North, Bharti Airtel. The company’s shares closed at Rs369.05, down 0.40% on
the NSE.
The
top gainers and top losers of the major indices are given in the table below: The Total Investment & Insurance Solutions
The closing values of the major Asian indices
are given in the table below: The Total
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Major Indices (The Total
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