Sensex Ends Marginally Higher; Telecom & Banking Stocks Witness Buying

Indian share markets witnessed buying interest during closing hours and ended on a positive note. Gains were seen in the telecom sectorbanking sector, and healthcare sector, while power stocks and realty stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 131 points (up 0.4%) and the NSE Nifty closed higher by 30 points (up 0.3%). The BSE Mid Cap index ended the day down 0.2% and the BSE Small Cap index ended the day up by 0.2%.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up by 0.2% and the Shanghai Composite was down by 0.3%. The Nikkei 225 was up 0.8%.

The rupee was trading at 70.11 against the US$.

The rupee weakened by 36 paise to 70.04 against the US dollar in opening trade today on rising crude prices and some demand for the American currency from importers.

On Monday, the rupee had gained 4 paise to end at 69.68 against the US dollar following dovish stance by the Federal Reserve.

Market participants awaited the outcome of the US-China trade talks and President Donald Trump's speech.

So far this year, the rupee has declined 1.3%, while foreign investors have sold US$203.80 million in equities and bought US$43.50 million in the debt markets.

In the news from the automobiles sectorTata Motors share price was in focus today as the company's wholly owned subsidiary - Jaguar Land Rover (JLR) has reported 16.2% rise in its sales in India at 4,596 units in 2018. The company had sold 3,954 units in 2017.

Last week, the company posted strong growth in US JLR sales.

The total JLR US sales rose 24% at 14,079 units against 11,394 units last year.

The total land rover US sales have risen 33% at 10,617 units against 7,980 units last year and the total Jaguar US sales rose 1.4% at 3,462 units against 3,414 units in December 2017.

1 2 3
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.