referring to Asian Paints, Ultratech Cement, Hindalco Industries, Zee Entertainment and Coal India were among the top gainers in the Nifty index. NEW DELHI: Shares of Vakrangee (up 13.06 per cent), Jain Irrigation (up 9.71 per cent) and Renaissance Jewellery (up 9.64 per cent) surged over 9 per cent on NSE in morning trade on Tuesday as market moved alightly up after trading flat.Dalmia Bharat (up 7.53 per cent), Honeywell Automation India (up 6.54 per cent), Transport Corporation of India (up 6.54 per cent), Deepak Nitrite (up 6.05 per cent), Eros Media (up 6.03 per cent), Usha Martin (up 5.79 per cent) and Vimta Labs (up 5.63 per cent) were trading over 5 per cent higher at around the same time.Equity benchmarks were up on gains in ITC, Asian Paints, ICICI Bank, Infosys and Larsen & Toubro.However, losses in Adani Ports, Reliance Industries, State Bank of India, Tata Consultancy Services and Bharti Airtel restricted gains for the benchmarks.The NSE Nifty index was trading 18 points up at 11,405, while the BSE Sensex was up 56 points at 37,748 around 10:10 am.In the Nifty index, 30 stocks were in the green, while 20 were in the red.Asian Paints, Ultratech Cement, Hindalco Industries, Zee Entertainment and Coal India were among the top gainers in the Nifty index.On the other hand, Adani Ports & SEZ, Lupin, Cipla, Bharti Airtel and State Bank of India were among the top losers in the Nifty pack of stocks.
collected by :Molly Tony
Stock market continues to ignore threats from trade war
According to FactSet's Senior Earnings analyst John Butters, 17% of the S&P 500 companies have reported so far, with 87% of them beating profit estimates and 77% beating revenue forecasts. Meanwhile, economic data have also been positive, showing healthy job gains and inflation rates in line with Federal Reserve's desired target of 2%. Yet, the threat of full blown trade war is looming large, whether people are noticing it or not, according to Kristina Hooper, chief global market strategist at Invesco. Helping boost such attitudes are positive earnings and economic data. Next week, 174 S&P 500 companies are expected to report their financials, including 11 Dow components.Stock market to get $1 trillion boost via buybacks, says Goldman
as declared in Indeed, analysts at Goldman Sachs project that stock repurchases will reach $1 trillion this year, up 46% from 2017 on the back of tax reform and strong corporate cash flows. And investors are likely to see immediate the impact of those repurchases as August tends to be the most popular month for buybacks. Second-quarter repurchases are up 57% from the same period a year earlier, with notable activity in the tech sector where buybacks surged 130% year-over-year, according to Silverblatt. But since the start of the second-quarter earnings season, the consensus forecast for 2019 tech sector EPS has actually increased by 1%," he said. Tech stocks are expected to be among the biggest beneficiaries of the $1 trillion-buyback bonanza given many tech companies still have yet to complete their existing repurchase programs.collected by :Molly Tony
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