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Sensex Sets New Record Close Above 30,000; Rupee At 20-Month High

Sensex Sets New Record Close Above 30,000; Rupee At 20-Month High
A monitor shows stocks rallying while a trader talks on a phone on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
9 years ago
Indian markets end at a fresh record high; Auto stocks rally.

  • Nifty +0.21% at 9,326; Sensex +0.30% at 30,038
  • Adani group stocks slide: Adani Ports & SEZ -3.1%, Adani Enterprises -20%, Adani Power -0.7%, Adani Transmission -6.1%, Adani Ports -2.5%
  • S&P BSE Realty index -2.6%, S&P BSE Information Technology index -1.1%

  • Equitas Holdings has 12.7 lakh shares change hands in single block
  • *Buyers and sellers were not immediately known

Nifty rollover stood at 42.7 percent on Tuesday, higher than the three-month average of 40.2 percent, according to the NSE data.

Market wide rollover at 38.59 percent was lower than the three-month average of 43 percent.

April futures and options series is set to expire on Thursday.

  • S&P BSE Information Technology index down 0.27%, under-performing the benchmark Sensex
  • Zensar Technologies -8.6%, Infosys -1%, Tech Mahindra -0.8%
  • Rupee touched 21-month high of 63.99 against the U.S. dollar
  • A firm rupee adversely affects operating profit margins of software maker as they get a majority of their revenue via exports

  • Allcargo Logistics has 364 lakh shares change hands in single trade
  • Stock climbs as much as 6.7% to Rs 192, most since March 2016

Shares of technology services provider fell as much as 11.4 percent to Rs 814, most since August 2015.

Zensar Q4 net profit at Rs 10.7 crore vs estimate Rs 75.2 crore

Volume at 105.4 times its 30-day average.

  • ICICI Prudential: (-0.8%): Q4 net income Rs 408 crore vs Rs 403 crore last year
  • IDFC Bank (+4.7%): Q4 net income Rs 176 crore vs estimate Rs 132 crore
  • LIC Housing (-0.5%): Q4 net income Rs 530 crore vs estimate Rs 526 crore
  • Persistent Systems (+0.6%): Q4 net income Rs 72.8 crore vs estimate Rs 76.4 crore
  • Swaraj Engines (+15.2%): Q4 net income up 30% to Rs 15.3 crore
  • Zee Learn (+3.9%): Q4 net income Rs 14.7 crore vs estimate Rs 7.8 crore

  • Adani Ports and SEZ: Forms joint venture with France's CMA CGM to operate container terminal at Mundra port.
  • Reliance Infrastructure: Shareholders approve issue of securities via qualified institutional placement.
  • Indiabulls Real Estate: Cinnamon Capital Ltd. buys 50 lakh shares at Rs 153.99 per share.
  • Suzlon: Allotted 1.67 crore shares to FCCB holders at a price of Rs 15.46 per share.
  • Nucleus Software: Proposes buyback of up to Rs 118 crore at Rs 350 per share.
  • For a complete list of stocks, click HERE

  • JSW Steel: New neutral at Macquarie; price target Rs 202
  • LIC Housing: Raised to overweight from equal-weight at Morgan Stanley
  • Tata Steel: New underperform at Macquarie; price target Rs 360
  • Gujarat Gas: Citi initiates coverage with a buy; price target Rs 1,141

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