The key benchmark indices ended higher Monday’s trade, since investor sentiment got a boost after the govt last week finalized rates for the upcoming GST.
The BSE Sensex ended at 30,570, up 106 points, while the NSE Nifty50 settled at 9,438, up 10 points. In the broader market, the BSE Midcap and Smallcap indices slipped in red to shed over 1 percent each. The negative overall market health there were 1,837 shares declined and 887 shares advanced and a total of 187 shares were unchanged on BSE.
L&T, Bharti Infratel and ITC, gained the most on both indices, while SBI and Lupin were losing sheen. SBI was the top loser and shed over 4 percent to Rs 294 on the BSE. SBI’s net revenue became twice fold to Rs 2,814.82 Cr, in the Q4 as its bad loans narrowed to 3.7 percent of total advances.
As the best performing sectoral Index, the Nifty FMCG stock went up 3.6% led by gains in United Spirits which rose 7%, and ITC rose 6%, Britannia went up 1.6% and Jubilant Food Works & HUL rose 1.2% each. ITC was the major gainer both on Sensex and Nifty, hitting its new high of Rs. 305 on the BSE.
Asian shares ended higher, following the sustained recovery on Wall Street last week.
Tomorrow Calls-
BUY INDHOTEL ABOVE 143.0 TARGETS 144.40, 145.9, 147.30 STOPLOSS-140.80
BUY HOVS ABOVE 323 TARGETS 326, 329, 332 STOPLOSS- 317
SELL GSFC BELOW 121 TARGETS 120, 119, 118 STOPLOSS 123
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