Friday, 3 August 2018

D-Street bounces back after 2 days of fall, Nifty reclaims 11,300


All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well.
Jet Airways falls 6%: Jet Airways’ shares fell around 6 percent on Friday morning as investors turned wary of reports of a financial crunch in the airline.
The stock touched an intraday high of Rs 325.00 and an intraday low of Rs 312.25.
In a statement issued to the media, the airline has said that some of the cost cutting measures include sales and distribution, payroll and maintenance, among others.
Jet said that the “airline management is in dialogue with key stakeholders to enlist their full support and cooperation for realising necessary savings.”
Earlier, reports had suggested that the private carrier has informed its staff that they will have to take up to cuts in their salaries as the cost of operations has increased due to rising crude oil prices and a falling rupee.
Market opens: After a weak two sessions, equity benchmarks on Friday morning have started the day on a good note. 
At 09:15 hrs IST, the Sensex is up 182.90 points or 0.49% at 37348.06, while the Nifty is up 60.40 points or 0.54% at 11305.10. The market breadth is positive as 451 shares advanced, against a decline of 96 shares, while 41 shares are unchanged.
All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well. The Nifty Midcap index is up over 0.6 percent. 
Market opens: After a weak two sessions, equity benchmarks on Friday morning have started the day on a good note. 
At 09:15 hrs IST, the Sensex is up 182.90 points or 0.49% at 37348.06, while the Nifty is up 60.40 points or 0.54% at 11305.10. The market breadth is positive as 451 shares advanced, against a decline of 96 shares, while 41 shares are unchanged.
All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well. The Nifty Midcap index is up over 0.6 percent. 
Market at pre-open: Pre-opening trends suggest that the Sensex and Nifty are likely to have strong start, with the Nifty trading around 11,300-mark. 
At 09:01 hrs, the Sensex is up 198.19 points at 37363.35, and the Nifty up 97.80 points at 11342.50.
ONGC, Kotak Mahindra Bank are higher in pre-opening trade.

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