Tuesday 30 August 2016

Live Stock Market Updates - Sensex Rallies Over 200 Points Banking, Auto Gain

Posted by suhani varma on Tuesday, August 30, 2016 with No comments

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The Indian stock market opened on a positive note, with the Sensex rallied over 150 points to reclaim its crucial psychological level of 28,000, while the broader Nifty50 topped its key 8,650-mark. The S&P BSE Sensex is trading at 28,104 up 201 points, while NSE Nifty is trading at 8,665 up 57 points.

The BSE Mid-cap Index is trading up 0.79% at 13,168 whereas BSE Small-cap Index is trading up 0.86% at 12,607. Maruti Suzuki, ICICI Bank, Bajaj Auto, GAIL, Hero MotoCorp and Axis Bank are among the gainers, whereas NTPC, Poloaris, P&G, Care Ratings and Firstsource Solutions are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory. The INDIA VIX is down 3.87% at 12.6550. Out of 1,843 stocks traded on the NSE, 337 declined, 1,106 advanced and 400 remained unchanged today. A total of 46 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.

eClerx Services Ltd is currently trading at Rs. 1684, up by Rs. 51.2 or 3.14% from its previous closing of Rs. 1632.8 on the BSE. The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.95.9 crore for the quarter ended June 30, 2016 as compared to Rs.75.4 crore for the quarter ended June 30, 2015.

The company informed BSE that the Board of Directors of the Company at its meeting approved a proposal for buyback of equity Shares of the Company, subject to approval by the shareholders, for an aggregate amount not exceeding Rs.234 crore.

Ramky Infrastructure Ltd is currently trading at Rs. 82.95, up by Rs. 8.15 or 10.9% from its previous closing of Rs. 74.8 on the BSE. NHAI has awarded contracts worth Rs.1,646 crore to Ashoka Buildcon and Ramky Infrastructure for building two highway projects in Jharkhand.

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