Sensex ends higher for third session, metal stocks lead rally
Sensex climbed 256 points to end at 49,206 and Nifty rose 98 points to 14,823
BusinessToday.In | May 7, 2021 | Updated 18:24 IST
M&M, Bajaj Finserv, NTPC, Bharti Airtel, ITC, ONGC and UltraTech Cement were the other Sensex gainers, rising up to 2.68 per cent.
Benchmark indices continued their winning run for the third straight session today amid strong corporate results and positive global cues. Sensex climbed 256 points to end at 49,206 and Nifty rose 98 points to 14,823. Top Sensex gainer was HDFC rising 2.70 per cent, after reporting a 31 per cent jump in consolidated net profit at Rs 5,669 crore for the March quarter.
Sensex, Nifty recoup initial losses to close flat; consumer durables, banking stocks top losers
Sensex, which crashed 750 points in early trade, ended 63 points lower at 48,718. Nifty, which lost 215 points intra day, managed to close 3 points higher at 14,634
BusinessToday.In | May 3, 2021 | Updated 17:56 IST
Titan, IndusInd Bank, RIL and Axis Bank were the top Sensex losers, shedding up to 4.58%. On the other hand, Bharti Airtel, HUL, Maruti, Bajaj Finance, Asian Paints and NTPC were the top gainers rising up to 4%.
Benchmark indices staged a smart recovery from the day s lows despite a negative trend in global equities. Sensex, which crashed 750 points in early trade, ended 63 points lower at 48,718. Nifty, which lost 215 points intra day, managed to close 3 points higher at 14,634.
NEW DELHI: Ace investor Rakesh Jhunjhunwala cut stake in watch and jewellery maker Titan Company during March quarter in a signal that the stock may not have much upside left for the near term given the difficult business environment.
The ace investor cut his holding in the company to 3.97 per cent at March end from 4.21 per cent in December. Rekha Rakesh Jhunjhunwala, his wife, continues to hold 1.09 per cent.
As per the last closing price, Jhunjhunwala sold Rs 344 crore worth of Titan shares during the January-March period. The couple now holds about Rs 6,900 crore worth of shares of the company. Titan still remains his biggest holding at Rs 7,000 crore.
Surya Roshni around Diwali when this stock was available for about Rs 200. Now he has set a target of Rs 420.
IRB Infra is one of your picks. What kind of money can investors make in this one?
IRB Infra is the largest private toll highway road developers, having assets of more than Rs 51,000 crore. It owns two InVITs as well. It is part of the national corridor projects. The central government has been focusing on developing highways and working on the Bharatmala project.
Companies like IRB Infra will really benefit from these projects. Also FASTag becoming mandatory has helped the company as manpower requirement has been reduced and toll collection has increased. The future of IRB Infra is really great. It has not participated in the recent rally and so there is a opportunity at the current price level. The target set here is around Rs 140 and stop loss is at Rs 100.