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Sensex, Nifty Rise To Near 3-Month Highs, Axis Bank Surges 9%

Maruti Suzuki posted a 10 per cent rise in quarterly net profit but missed analysts' expectations, sending its shares 2 per cent lower.

Sensex and Nifty closed at their highest levels in nearly three months today, boosted by strong gains in banking stocks and market heavyweight Reliance Industries.

The BSE benchmark index Sensex surged 256 points to end at 34,969 while the NSE Nifty finished at 10,692, up 74 points. Reliance Industries, which is expected to report a higher quarterly profit later in the day, rose over 2 per cent.

Among the banking stocks, Axis Bank surged 9 per cent while SBI gained 4 per cent. ICICI Bank also rose over 3 per cent.

Positive management guidance helped Axis Bank shares gain on Friday, despite the bank reporting its first ever quarterly loss the previous day. Earlier, Yes Bank, HDFC Bank and IndusInd Bank had reported strong growth in their earnings.

“A larger part of the financial story is that banks have come up with interesting set of numbers, so market has started buying these companies. Earnings outlook looks quite different from what it was in the last quarter,” said Deven Choksey, founder of KR Choksey Investment Managers.

IT stocks lost some ground today with the BSE Teck index falling 0.70 per cent.

Maruti Suzuki posted a 10 per cent rise in net profit for the March quarter but missed analysts’ expectations due to higher tax expenses, sending its shares 2 per cent lower.

Global credit rating agency Fitch on Friday affirmed India’s sovereign rating at ‘BBB-‘ with ‘stable’ outlook, saying that the country’s medium-term growth potential is strong. A ‘BBB-‘ rating indicates the lowest investment grade.

Global markets were higher today, lifted by strong share price gains for tech giants such as Amazon and Facebook and growing hopes of a lasting peace on the Korean peninsula after a ground-breaking meeting of North and South Korean leaders.

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Sensex, Nifty Rise To Near 3-Month Highs, Axis Bank Surges 9%
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Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
Assembly Segment
Phone Number
Which party will emerge as the single largest party?
Which party will win how many seats?
Whom would you like to see as next Chhattisgarh Chief Minister?
Have you witnessed development work in your area?
Do you think that farmers of Chhattisgarh are satisfied with BJP government?
Do you think youngsters are happy with employment scenario created by Chhattisgarh/state government?
Do you think state government has done enough on issue of women empowerment?
Are you satisfied with work done by your legislator? Have electoral promises been fulfilled or not?
Are you satisfied with the amenities provided by the government in your area?
Do you think the state government has successfully tackled naxal menace?
Are you satisfied with work done by different state Ministers?

Please do vote...

ओपिनियन पोल
छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
विधानसभा क्षेत्र
फ़ोन नं
विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को कितनी सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
क्या आप अपने क्षेत्र की सरकारी सुविधाओं सेसंतुष्ट हैं?
क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-

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