📌 Expect momentum for CV demand to continue moving ahead.
📌 Higher Infra spending, road construction and decline in truck overloading aiding demand.
📌 Oil and Gas, Logistics and FMCG sector are driving demand for trucks.
📌 Big events like upcoming elections are the key to look for in markets.
📌 Good monsoon to aid rural sector, increasing bets on same.
📌 Have added technology, consumer and private sector banks to the portfolio
Gold Silver Reports (GSR) – Sobha Rises On Plan To Invest Rs 500 Crore In Gujarat – Shares of the real estate developer rose as much as 3.3 percent to Rs 568. The construction company plans to invest Rs 500 crore for a residential project in GIFT City, Gujarat, according to its stock exchange notification.
Gold Silver Reports (GSR) – Bajaj Electricals Surges To Record High After Order Win — Bajaj Electricals Surges To Record High After Order Win – Shares of the consumer electrical maker rose as much as 7.6 percent to surge to a record high at Rs 665.95. – The company bagged order worth Rs.3577.93 crore from Madhyanchal Vidyut Vitaran Nigam Ltd. from Uttar Pradesh state, according to its stock exchange notification.
Gold Silver Reports (GSR) – Idea Cellular Gains After Block Deals – Shares of the telecom operator rose as much as 3.1 percent to Rs 73.50. About 4.23 crore shares or 1 percent equity changed hands in two block deals, according to Bloomberg data. Buyers and sellers were not known immediately.
Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.3 percent to 34,302 while the NSE Nifty 50 gained 0.5 percent to 10,530. The market breadth was tilted in favour of the sellers all through the session.
Gold Silver Reports (GSR) – UCO Bank Set For Biggest Drop Since 2003 – Shares of the Kolkata-based bank fell as much as 18 percent before trading down about 8 percent as of 11:10 a.m. in Mumbai on Monday. The 10-member Bankex index was little changed.
Gold Silver Reports (GSR) – Indiabulls Ventures Jumps On Heavy Volumes – Shares of the broking services provider jumped as much as 19 percent, the biggest move since Feb. 8, 2017. Trading volume was 16.4 times the 20-day average for this time of day. The stock has risen 45 percent in the past month, compared with the 2.9 percent advance in the Sensex Index.
Gold Silver Reports (GSR) – Bulls Lifting Indian Stocks Send Sensex Above Key Levels – The surge in India’s S&P BSE Sensex Index to a six-week high has pushed it above its 50-, 100- and 200-day moving averages for the first time since the week following the federal budget of Feb. 1.
Gold Silver Reports (GSR) – Supreme Court Halts Reliance Communication Asset Sale – Shares of the debt-ridden company fall as much as 4.7 percent after the apex court halted its asset sale. HSBC Daisy Investments and other minority shareholders had moved Supreme Court against National Company Law Appellate Tribunal (NCLAT)’s order that allowed State Bank of India-led bankers to sell mortaged assets of Reliance Infratel, the tower unit of Reliance Communications.