Sensex, Nifty touch new peaks; IndiGo at 19-month high on Q1
IndiGo shares touched 19-month high after the company reported robust Q1FY18 results. The shares of the company were trading at Rs 1303.95 per piece, up 1.02% or Rs 13.20 on BSE.
Domestic markets on Tuesday opened in green maintaining yesterday's gain amid positive global cues.
At 0917 hours BSE Sensex was trading at 32,535.95, up 21.01 points or 0.06%, while NSE Nifty 10,097.05, up 19.95 points or 0.20%. Rupee opened at 64.10 as against US Dollar
The markets are likely to remain volatily during intraday trade ahead of domestic auto sales results, Purchasing Managers' Index (PMI) data and beginning of Reserve Bank of India's policy review.
On 30-share benchmark, among top gainers were Tata Steel (1.15%), Sun Pharma (0.87%), ICICI Bank (0.84%), Cipla (0.78%) and Wipro (0.78%). Among top losers were HDFC (-1.34%), Lupin (-0.85%), ONGC (-0.62%), Larsen & Toubro (-0.40%) and PowerGrid (-0.25%).
IndiGo shares touched 19-month high after the company reported robust Q1FY18 results. The shares of the company were trading at Rs 1303.95 per piece, up 1.02% or Rs 13.20 on BSE. InterGlobe Aviation, owner of IndiGo airlines, reported a record quarterly profit on Monday powered by growth in passenger revenue. InterGlobe`s profit rose 37 percent to 8.11 billion rupees ($126.35 million) in the three months ended June 30 from a year earlier, helped by a 27.9 percent growth in passenger revenue.
Motilal Oswal in its daily market outlook report said, "Nifty index opened positive and continued its up move towards 10085. It formed a bullish candle on the daily chart and registered a highest daily close. It has been respecting to its rising support trend line by connecting the recent swing lows of 9543, 9646, 9838 and 9944. Now index has to continue to hold above 10020 to witness a fresh rally towards 10250 zones while supports are shifting higher to 9950 mark."
On global front, as per Reuters report, Asian shares ticked up as investors looked to a barrage of economic data around the world to confirm recent signs the global economy is in fine fettle with inflation staying well contained.
MSCI`s broadest index of Asia-Pacific shares outside Japan was up 0.5 percent, led by gains in financials and energy shares, while Tokyo`s Nikkei rose 0.2 percent.