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Market Check
Index
Current
Pt. Change
% Change
S & P BSE SENSEX
36,399.58
75.81
0.21
S & P BSE SENSEX 50
11,498.91
39.49
0.34
S & P BSE SENSEX Next 50
31424.16
+252.40
0.81
S & P BSE 100
11,190.16
+45.69
0.41
S & P BSE Bharat 22 Index
3,320.75
+22.12
0.67
(Source: BSE)
TCNS IPO outlook good but there is little room for short-term growth
TCNS Clothing Company comes with an initial public offering (IPO) equity, involving an offer for the sale of 15.71 million shares. His business prospects look good, with a sound past performance and experienced management; however, stock valuations suggest investors looking for immediate gains may be disappointed. Analysts therefore suggest that only long-term investors should subscribe. READ MORE
Q1 results: High valuation factors up sharply by HUL, gains in inventories
The Hindustan Unilever (HUL) stock price on Monday reached its new high of Rs 1,779 on Monday afternoon, before closing up 0.73% to Rs 1,753.85 on l & # 39; BSE. Higher closing was in anticipation of a strong performance for the June 2018 quarter (Q1).
The results, which were reported after market hours, undoubtedly suggest that the expectations of the street have been met. But given the high valuation of shares, experts believe that the title already incorporates a strong performance over the next two years. READ MORE
Sector Trend Top Senbad Winners and Losers Markets at the Open
At 9:17, the Sense & Senbad BSE index is trading at 36,282, down 41 points while the Nifty50 index widens to 10,930, down 6 points [19659002] The indexes reference exchange Tuesday despite the weakness of their Asian peers.
Among sector indices, the Nifty PSU Bank index is up almost 1%, driven by the rise in shares of Oriental Bank of Commerce, Canara Bank and Allahabad Bank
The IMF now anticipates that India will grow by 7.3% in 2018-2019 against a previous estimate of 7.4%. . According to the World Economic Outlook (WEO) updated on Monday, the economy is expected to grow by 7.8% by 2019-2020, but the projection is now 7.5%.
Equity-specific stocks are expected to continue during the day, after corporate earnings are released in the first quarter. Among the key results, Ashok Leyland, CRISIL, Federal Bank and ICICI Lombard General Insurance Company are expected to announce their results for the June 2018 quarter.
Asian stocks fell on Tuesday, under the impact of A sharp drop The price of crude oil reopened as the dollar was on the defensive before the first testimony of Federal Reserve Chairman Jerome Powell.
PETROLEUM PRICES
Brent crude oil price fell from its lowest level in three months on Tuesday after more oil workers on strike in Norway. has been dominated by over supply issues in recent days.
Brent crude futures had risen 36 cents, or 0.5 percent, to $ 72.20 a barrel. They fell 4.6% on Monday, at a point of their lowest since mid-April. West Texas Intermediate (WTI) futures contracts increased by 3 cents to $ 68.09. They fell 4.2% on Monday
(with Reuters entries)
