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03
September 2018
The major indices of the Indian stock markets
suffered a correction on Monday and closed with losses over Friday’s close. On
the NSE, there were 853 advances, 925 declines and 313 unchanged. The trends of
the major indices in the course of Monday’s trading are given in the table
below:
The key
Indian equity indices traded negative on Monday, after opening sharply higher
on the back of healthy April-June GDP figures released last week. The indices
trimmed major gains made earlier in the day, due to weak Asian markets.
Globally, Asian markets traded in the negative territory on concerns of
escalations in the US-China trade war. According to analysts, buying was
witnessed in consumer durables, healthcare and IT (information technology)
stocks. The Total Investment & Insurance Solutions
Global
software major Wipro said it had won a USD1.5 billion (10,500 crore) 10-year
deal from the US-based technology firm, Alight Solutions LLC. "We have won
a 10-year engagement to provide a suite of solutions and services to the
Illinois-based Alight Solutions, a leader in technology-enabled health, wealth,
human resources and finance solutions," said the Bangalore-based IT major
in a statement. Claiming the deal to be its largest win so far, the company
said it would generate $1.5-1.6-billion revenues over the tenure. Wipro shares
closed at Rs309.15, up 2.49% on the BSE. The Total Investment
& Insurance Solutions
Commercial
vehicles maker Ashok Leyland Ltd and car maker Ford India said they had logged
sales growth in August. In a statement issued here, Ashok Leyland said it sold
17,386 units last month as against 13,637 units logged in August 2017. Car
maker Ford India said its total sales last month stood at 20,648 units as
compared to 15,470 units sold in August 2017. The domestic wholesales in August
rose to 8,042 vehicles as against 7,777 units in the same month last year.
Exports grew to 12,606 vehicles compared to 7,963 units in August 2017, Ford
India said. On its part, Honda Cars India Ltd sold 17,621 units last month, up
from 17,361 units sold in August 2017. "There was an impact of Kerala
floods and heavy rains in many parts of the country combined with GST-related
high base effect of August 17. We hope to recover quickly and keep growing
strongly with rollout of attractive offers starting from today through the
festive season ahead," Rajesh Goel, SVP and Director, Marketing and Sales
Honda Cars was quoted as saying in the statement. Ashok Leyland shares closed
at Rs133.40, up 3.21% on the BSE. The Total Investment &
Insurance Solutions
Two-wheeler
majors TVS Motor Company Ltd and Eicher Motors Ltd said they logged sales
growth in August 2018. In a statement, TVS Motor said it sold a total of
343,217 units (two and three-wheelers) last month up from 317,563 units sold in
August 2017. On the other hand, Eicher Motors said it sold 69,377 units last
month, up from 67,977 units sold in August 2017. TVS Motor Company shares
Rs565.15, down 0.74% on the NSE. Eicher Motors shares closed at Rs28,715.00, up
2.34% on the NSE. The Total Investment & Insurance
Solutions
Automobile
major Maruti Suzuki India reported a 3.4% dip in sales in August as the car
maker sold a total of 158,189 units in the month, compared to 163,701 units
sold in the year-ago month. "Sales during the month were adversely
affected due to severe floods in Kerala and heavy rains in other parts of the
country," it said. In the domestic market, it sold 147,700 units during
August, down by 2.8% from 152,000 units sold in the corresponding month in
2017. The carmaker exported 10,489 units registering a 10.4% drop from 11,701
units shipped out in the year-ago month. It sold 114,261 units of passenger
cars in the August 2018, falling by 1.4% from 115,897 units sold in the
corresponding month 2017. Sales of its utility vehicles dropped by 16.2% to
17,971 units in August, while vans sales were at 13,663 units, decrease by 1.9%
over corresponding month 2017. However, during the first five months of the
current fiscal, it posted a 12.4% growth in sales to 813,037 units as compared
to 723,618 units sold in the corresponding period of 2017-18. Maruti Suzuki
India shares closed at Rs8,876.00, down 2.42% on the NSE.
The
construction arm of L&T has won orders worth Rs2,654 crore across its
businesses. The Transportation Infra business wins Rs2,095 crore order from
MSRDC for 10th package of Nagpur-Mumbai Expressway. The Heavy Civil Infra
business bags Rs559 crore order from MSRDC. Larsen & Toubro shares closed
at Rs1,364.90, down 0.34% on the NSE.
Graphite
India's subsidiary Graphite International BV has signed a definitive Agreement
for investment of upto US$ 18.59 million in cash in General Graphene
Corporation, a US-based unlisted company located in Knoxville, Tennessee, for a
46% stake (approx.) in the company. Graphite India shares closed at
Rs1,008.00, down 0.49% on the NSE. The Total Investment &
Insurance Solutions
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
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Major Indices (The Total
Investment & Insurance Solutions)
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