3:15 Market off day's high: The market has fallen off day's high dragged by IT stocks. The Nifty is up 36.70 points or 0.5 percent at 7798.95 and the Sensex is up 131.93 points or 0.5 percent at 25742.46. GAIL, Tata Steel, Dr Redddy's Labs, SBI and ITC are top gainers while Infosys, Coal India, HUL, TCS and Tata Motors are among losers in the Sensex.2:59 pm Market Update: Equity benchmarks remained strong in last hour of trade. The Sensex rose 213.02 points or 0.83 percent to 25823.55 and the Nifty climbed 61.25 points or 0.79 percent to 7823.50.
About 1344 shares have advanced, 1227 shares declined, and 154 shares are unchanged on the BSE.
2:50 pm Apollo's expansion: Healthcare major Apollo Hospitals Enterprise is looking to add 1,370 beds at six locations with a total estimated project cost of Rs 1,554.9 crore by 2018-19 as part of its expansion plan in the country.
The total capex estimated for this expansion plan is Rs 1,555 crore, of which an investment of Rs 724 crore has already been made, Apollo Hospitals said during an investor presentation. "The balance will be invested by a mix of internal accruals and the proposed rights issue," it added.
2:20 pm Market Expert: Manish Prasad, MD and Head of Institutional Equities at JM Financial believes that market is in consolidation and says that bottom-up is the best strategy is the current scenario. Prasad is positive on the market with a three-year perspective.
https://3.bp.blogspot.com/-t5O2JHt7O...0/download.jpgRead more about:
www.capitalstars.com | T:+91-731-6790000,6669900