Financial News

Nifty Trades Above 8930, Tata Teleservices Rallies over 18%

best advisory servicesMaruti Suzuki India Limited rose 0.49% to Rs 5,952.05 in the mid-session on BSE after the company announced its total sales rose 10.9% to 1.30 lakh units in Feb 2017 over Feb 2016. The announcement was made during market hours today, 1 March 2017.

Shares of Tata Teleservices Limited extends its gains today’s trading session and the shares of the company also soared over 20% since the company agreed to end an over 2-year battle with Japanese telecom firm NTT Docomo over USD 1.2 billion payout.

Maruti Suzuki’s net profit rose 47.5% to Rs 1,744.50 crore on 12.4% growth in net sales to Rs 16,623.60 crore in Quarter-3rd December 2016 over Quarter-3 December 2015.

At 11.25 am, the S&P BSE Sensex is trading at 28949.66 up 206.34 points, while NSE Nifty is trading at 8930.65 up 51 points. A total of 43 stocks registered a fresh 52-week high in trade today, whereas 10 stocks touched a new 52-week low on the NSE.

Axis Bank, Sun Pharma, Dr Reddy’s, HDFC, Hero Motocorp and Kotak Mahindra Bank are among the gainers, whereas Ultratech Cement, BPCL, BHEL, Idea, Tata Motors and Mahindra & Mahaindra are losing on the NSE.