Sensex climbs 150 Points, Trades Above 28,000; RIL Leads Gains


12:00 p.m.: India’s leading fast moving consumer goods company (FMCG) Hindustan Unilever (HUL) will come out with its first quarter numbers later in the day.  Profit expect company to post 8.3 per cent growth in net profit on a year on year basis.HUL is likely to report net profit of Rs 1,147 crore compared with Rs 1,059 crore reported during the same period last year.
11:30 a.m.: Bharti Airtel was the top Sensex loser, down 1.45 per cent to Rs 373. ONGC, Hindustan Unilever, Wipro, Cipla, NTPC, Infosys and HDFC were also among the losers.
11:12 a.m.: Indian markets remain overvalued compared to other emerging markets, says market expert Ajay Bagga.
11:08 a.m.: Select FMCG stocks were witnessing selling pressure. The BSE FMCG index was down 0.1 per cent; ITC, Hindustan Unilever, Godrej Consumer Products, Tata Global Beverages and Hatsun Agro were among losers.
11:00 a.m.: Auto stock were witnessing good buying interest. The BSE Auto index was up 1.42 per cent; Bajaj Auto was the top gainer from this space, up 2.5 per cent to Rs 2,755. Tata Motors, Bharat Forge, Ashok Leyland, Maruti Suzuki, Hero MotoCorp and Eicher Motors were also among the gainers, up 1-2.4 per cent each.
10:50 a.m.: Market breadth was positive as 1,491 stocks were advancing while 698 were declining.
10:42 a.m.: Stock markets continue to trade firmly higher. Sensex advances 163 points to 28,000 and Nifty rises 40 points to 8,581.
10:30 a.m.: Real estate stocks were witnessing buying interest. The BSE Realty index jumped 1.35 per cent; Unitech Ltd was the top gainer from this space, up 10 per cent to Rs 8.93. HDIL, Phoenix Mills, Indiabulls Real Estate, DLF, Oberoir Realty, Omaxe and NBCC were also among the gainers.
10:17 a.m.: Usher Agro was the top gainer from the small-cap space, up 14 per cent to Rs 22.70. Unitech, Reliance Defence, Educomp, BS Ltd, Sun Pharma Advanced Research Company and Kohinoor Foods were also among the gainers, up 5-8 per cent each.
10:00 a.m.: The broader markets were broadly in-line with the benchmark indices. The BSE mid-cap index was up 0.4 per cent and small-cap index jumped 0.7 per cent; Indian Bank was the top gainer from the mid-cap space, up 4 per cent to Rs 163. M&M Financial Services, Reliance Infra, MRPL, Ashok Leyland, GNR Infra and JP Associates were also among the gainers.
9:44 a.m.: From the Nifty basket of stocks, 34 were advancing while 17 were declining. Tata Motors was the top Nifty gainer, up 2 per cent to Rs 504Maruti Suzuki, Reliance Industries, Asian Paints, Axis Bank, Tata Steel, IndusInd Bank and Bank of Baroda were also among the gainers, up 1-1.8 per cent each.
9:31 a.m.: Indian stock markets made a solid start on Monday, with the BSE Sensex rising nearly 150 points and the Nifty edging closer to the key 8,600 levels.
Gains were led by Reliance Industries, which jumped 1.5 per cent on Q1 earnings beat. RIL, whose consolidated net profit rose to Rs 7,113 crore in Q1, was the top gainer in the Nifty50 index.
Nearly all sectoral indices on the Bombay Stock Exchange traded higher, with the exception of the IT sub-index, which continued to under pressure post Infosys Q1.
Infosys, which revised its annual sales guidance downwards, traded 0.35 per cent lower, on top of the 9 per cent cut on Friday. Wipro, which is yet to report Q1 numbers, was the top loser among frontline IT stocks, down 1.3 per cent.
Traders would be eyeing the monsoon session of parliament, which begins today, amid expectations that the key GST Bill may be passed soon.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 per cent having reached its highest in almost nine months last week. Australia rose 0.4 per cent while Shanghai was a fraction lower.
As of 09.20 a.m., the Sensex traded 133 points or 0.5 per cent higher at 27,969, while the Nifty was up 33 points at 8,574.

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