On the day, after moving both ways during the session, the BSE Sensex settled 47.81 points or 0.17% higher at 28,024.33. Broader markets fared better, with mid-cap and small-cap indices rising up to 0.60 per cent.
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In the domestic market, of the 30-stock Sensex pack, 17 registered gains.Major gainers included ICICI Bank (3 pc), Adani Ports (1.83 pc), Maruti Suzuki (1.64 pc), Tata Motors (1.38 pc), Lupin (1.12 pc), TCS (1.09 pc), Sun Pharma (1.02 pc), SBI (0.95 pc) and Bharti Airtel (0.87 pc).
Country’s largest mortgage player HDFC Ltd jumped 1.48 per cent to Rs 1,387.80 after it reported a 26.86 per cent rise in consolidated net profit to Rs 2,796.92 crore helped by receipts from stake sale in general insurance arm. Total Income has decreased from Rs.38279 million for the quarter ended June 30, 2015 to Rs.32895 million for the quarter ended June 30, 2016. On the economic front, readings on the housing market and consumer confidence painted a mixed picture of the economy.
In the Asian region, Japan’s Nikkei rose 2.32 percent, while Hong Kong’s Hang Seng shed 0.16 percent in early trade today.
Traders are on the edge with eyes on outcome of the Federal Reserve Open Committee (FOMC) and Bank of Japan (BoJ) meet.
USA stocks closed narrowly mixed overnight, although the tech-heavy Nasdaq Composite hit a 2016 high in an otherwise lackluster session marked by declines in shares of McDonald’s and 3M Co.
The US Dow Jones Industrial Average ended 0.10 percent down in yesterday’s trade. The Nasdaq Composite added 0.24% to 5,110.05.
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“With state finance ministers meet on GST improving the potential for a consensus, Indian stocks recouped yesterday’s losses”. If media reports are to be believed, states have backed the government’s decision not to include the GST rate in the Constitution. But others aren’t complaining much except on an issue of compensation to states.
