Monday, 18 April 2016

Opening Bell - Sensex rallies over 150 points; Nifty above 7900-mark

At 9:15 AM, the S&P BSE Sensex is trading at 25,821 up 195 points, while NSE Nifty is trading at 7,908 up 58 points. 

Sensex goes Up
At 9:15 AM, the S&P BSE Sensex is trading at 25,821 up 195 points, while NSE Nifty is trading at 7,908 up 58 points.

Infosys is set to clock gains on the bourses after it beat street estimates for the fourth time in a row. After last week’s encouraging macro data, investors will hope that wholesale price index (WPI) based inflation number for March bring in further joy. On the bourses, last week’s momentum may be missing at start as indices will look at consolidating recent.  TCS, Wipro, LIC Housing Finance, HDFC Bank, Cairn India and IndusInd Bank are some of the companies announcing their corporate numbers this week. TCS is likely to put up a better performance as compared to Q3 FY16 by delivering 1.5-2% cc qoq growth. The rupee could see some weakness.

Maruti Suzuki is planning to post yet another year of double-digit growth, with forecast of good monsoon, upcoming salary increase to government employees as well as softening fuel prices and interest rates boosting its expectations.

S. 'Kris' Gopalakrishnan, co-founder Infosys, announced the launch of itihaasa, a first-of-its-kind digital app that recounts the history of Indian IT since the 1950s. itihaasa is one of the largest chronicles of its kind with 600 videos featuring 44 technology stalwarts.

Jaiprakash Associates Ltd is looking to hire consultants to restructure and turn around its businesses, reports a business daily. 

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