Benchmark indices traded higher for the fourth consecutive day and ended the day above the psychological mark of 8800 on account of positive sentiments ahead of RBI monetary policy review in which market is expecting a rate cut to boost the growth in economy. However the global markets sentiments were mixed today. Nifty ended the day to close at 8816.60.
The Realty and Pharma stocks were the gainers for the day while Metal stocks were the losers of the day.
Global Markets Update
JPMorgan Chase & Co said it had received approval and license to underwrite corporate bonds in China’s interbank bond market, making it the first U.S.-headquartered bank to do so.
Japan’s Nikkei share average rose on Monday as bank stocks climed following measures ordered by U.S. President Donald Trump to reduce regulation in the financial sector, although a slightly stronger yen kept gains limited.
Jet Airways plans to add 11 Boeing 737 aircraft to arrest its falling market share. Jet Airways has a fleet of 114 planes and this includes 76 Boeing 737s which it deploys on both domestic and short-haul overseas routes.
Ambuja Cements shares moved higher as much as 4.25 percent to Rs 242.80 on NSE (National Stock Exchange) on the back of positive reports of LafargeHolcim mulling merger of ACC and Ambuja Cements.
Jubilant Foodworks shares tanks despite posted 31.9 percent decline in its Q3 net profit which stood at Rs 20 crore with same-store-sales growth at negative 3.3 percent. Revenue during the quarter up 3.9% which stood at Rs 659 crore against Rs 634 crore compared on yearly basis.
BHEL shares gains as company has won new order for Engineering, Procurement and Construction for the installation of Solar PhotoVoltaic Rooftop Systems, from Surat Municipal Corporation, totaling to 3.6MW.
Lupin shares end on a flat to negative note despite Pharma Company received final approval for Triamcinolone Acentonide cream from the USFDA.
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