Markets end higher, Top Stocks

The Sensex ended at a 5-month closing high whereas the Nifty posted a near 4-week closing high on strong buying in capital goods, infrastructure, power, and metal stocks. The BSE index edged higher 276.86 points at 35,934.72 on Monday.

Major Sensex gainers were Vedanta, Asian Paints, YES Bank and Sun Pharma, while the top losers were TCS, Hero MotorCorp, HDFC and IndusInd Bank.

The NSE Nifty added 80.25 points, or 0.74 percent, to close the day at 10,852.90, with 38 stocks in the green and 12 stocks in the red. Asian Paints, YES Bank, Dr. Reddy’s and Vedanta stood as the top gainers in the Nifty index.

Share price of IT bellwether TCS concluded 1.34 percent down, ahead of its first quarter results 2019 to be announced Tuesday, 10 July 2018. Shares of TCS hit fresh all-time high after opening marginally higher in the opening bell today.

TCS presently commands a market valuation (MCap) of Rs 7.22 lakh crore on BSE.

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Ceat Tyres gains on pact with TN govt for tyre plant

Ceat Tyres inked An MOU with the Tamil Nadu government to set-up tyre manufacturing company worth Rs. 4,000 crore in Kanchipuram District of Tamil Nadu State.

The investment will be spread over the next ten years and will offer employment to around a thousand people, which will positively reflect upon the economy, said the company in its release.

Ceat Limited posted its intraday high and low at Rs. 1,314.60 and Rs. 1,257.15 per share, respectively on the BSE.  Also, the 52-week high is recorded at Rs. 2,030 and 52-week low recorded at Rs. 1,232.20 per share on the Exchange.

Ceat Limited share closed at Rs.1,300.95  per share, up by 2.42 percent on Friday’s closing, while the BSE benchmark Sensex ended at 35,657.86, up by 83.31 points  and NSE’s Nifty50 at 10,772.65, up by 22.90  points.

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Hero MotoCorp trades higher after posting 13 pc growths

India’s leading two wheeler company Hero MotoCorp Limited gained over 2% in the morning trade on Tuesday after company posted 13% growth in its sales number in June.

The company reported that it has sold 7,04,562 units of motorcycles and scooters in June 2018 against 6,24,185 units sold in June 2017.  The company also reported that it has generated a new global benchmark by selling over 2.1 million units in the Q1 FY19.

Further, to offset an increase in the manufacturing cost on account of sharp input cost and currency depreciation, Hero MotoCorp has increased the price of its vehicles by as Rs. 500 at the ex-show room price level.

At 12:40 hours on Tuesday, share price of Hero MotoCorp was quoting at Rs. 3,467.20, up Rs. 51.80 or 1.52 per cent per share on NSE. The stock opened at Rs. 3,455.0 and touched an intraday high and low of Rs. 3,484.95 and Rs. 3,440.15 respectively per share on NSE.

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