Earnings hopes lift equities, global cues cap gains (Ld)

9

Mumbai, Aug 27 | Better than expected earning results along with positive outlook commentary lifted the Indian equities market on Thursday.

However, negative global cues over concerns surrounding the US Fed Chairman’s speech at the Jackson Hole Symposium on Thursday induced volatility in the local indices.

Market participants expect to gain further cues on future stimulus measures from the speech.

Similarly, anxiety over the outcome of the GST Council meet also impacted sentiments.

Sector-wise, the top gainers were BSE Realty, Auto, CD and Healthcare indices, whereas top losers were BSE Oil and Gas, Telecom, Power and FMCG indices.

Index-wise, the BSE Sensex closed at 39,113.47, higher by 39.55 points or 0.10 per cent from the previous close of 39,073.92.

It opened at 39,293.53 and touched an intra-day high of 39,326.98 and low of 39,046.94 points.

The Nifty50 on the NSE closed at 11,559.25, higher by 9. 65 points or 0.08 per cent from the previous close.

“Technically, with the Nifty moving up further, the next upside target for the Nifty is now at 11,614 points. Short-term trend reversal levels remain at 11,463 points,” said Deepak Jasani, Head of Retail Research at HDFC Securities.

“Realty stocks rose even as Maharashtra cut stamp duties on sale of homes to 2 per cent from 5 per cent through 2020,” he said.

According to Vinod Nair, Head of Research at Geojit Financial Services, “The Indian benchmark indices showcased a strong opening, and although it g ave up some of its gains, still managed to close with a positive bias. Global cues were mostly negative, ahead of expected policy statements by the US Fed Reserve chairman and also due to the ongoing US-China trade tensions.

“Domestically, Autos and Financials contributed most to the gains af ter favourable earnings commentary and some earning upgrades prompted invest or action.”

Source: IANS

Sponsors Posts

Nirman Nagar Kajarwara Jabalpur by One Realty Developers - BhaskarProperty.com

Nirman Nagar Kajarwara Jabalpur by One Realty Developers - BhaskarProperty.com

Reliability, Quality, Assurance, and Authenticity have always been pillars of One Realty Developers. Reaching new heights every year and catering to the masses ever since 2011, we bring you NIRMAN NAGAR a 9 Acres affordable housing Township in Kajarwara just 4.8 km from Sadar.

In NIRMAN NAGAR we bring you an array of affordable housing options to choose from Plots, 2 BHK singlex, and 4 BHK duplex. Three beautifully landscaped gardens with amenities like a children’s play area, water fountain, and a badminton court.

The drainage system is Hi-tech and fully underground so are the security and surveillance system in the township. This RERA-approved township has tie-up with all major banks for the finance facility. We believe that the cornerstone of any great structure is a great idea and that one of the greatest joys of life is to see your idea brought to life before your own eyes. This is the Endeavor One Realty Developers undertake, to bring your ideas from abstract concept to solid reality.

Singlex & Duplex Specification

FRAMEWORK RCC framed structure. SUPERSTRUCTURE Conventional brick masonry.

DOORS Main Door – Teak wood frame & shutter. Internal Doors – Sal wood frame and Flush door, PVC door for the toilet.

WINDOWS Anodized aluminum windows with grills.

FLOORING Vitrified tiles flooring with skirting in living/dining and all bedrooms. Anti-skid ceramic tile flooring in toilets, balconies, and utility areas. Paver blocks for car portico.

KITCHEN Granite countertop with ceramic tile dado up to 2 feet above the counter and stainless steel sink (Single bowl, single drain) Ceramic tile cladding in the wash area. Provision of the aqua guard water point.

WALL FINISHES All interior walls with a smooth finish and Acrylic emulsion paint over Birla / JK cement putty. All exterior walls with cement-based exterior paint of Apex or equivalent. Plaster of Paris / molding work in drawing and dining area.

TOILETS/ BATHS European WC’s washbasins of Hindware / Parryware or equivalent make. Provision for a shower in toilets.

POWER Concealed copper wiring of standard make. Power plugs in all necessary areas. Electrical fittings and fixtures of Anchor / Roma or equivalent make. Provision of points for the electric chimney, exhaust fans in kitchen bathrooms, air conditioners in rooms.

COMMUNICATIONS Telephone &Internet points in the living room. CABLE Provision for cable TV in the living room and all bedrooms.

For more details please click here or visit bhaskarproperty.com

Current Projects of One Realty Developers
Nirman Nagar Jabalpur, Kajarwara, Jabalpur

Projects Delivered by One Realty Developers
Aura City Jabalpur, Barela, Jabalpur
Nirvana City Jabalpur, Barela, Jabalpur
Gulmohar Greens Jabalpur, Barela, Jabalpur
Nirvana Exoticaa Jabalpur, Nirvana Exoticaa – Phase 1 & 2, Barela, Jabalpur

For more details please click here or visit bhaskarproperty.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here