CEAT surges over 7.5% after 4,000% jump in Q1 profits Tyremaker CEAT rallied over 7.5% after it posted a 4,317% jump in its Q1FY19 profits. Its net profit for the June quarter jumped to Rs72cr, as opposed to Rs1.6cr in June’17. CEAT reported better than expected numbers in Q1FY19 aided by low base of Q1FY18

The NSE benchmark Nifty witnessed bouts of volatility and ended the day logging a modest loss of 0.21 per cent at 10,957. The price action formed a small bear candle. The Nifty is seen extending its ongoing breather as it moved in a capped range and, as per our view, it may continue to consolidate

Tata Motors to take 2.2% price hike in PVs to offset input cost pressure India’s largest commercial vehicle manufacturer, Tata Motors Limited (TML) will hike prices for its passenger vehicles (PVs) by up to 2.2% effective August 2018. The price hike will be taken to offset input cost pressure. TML had recently taken a 3%

The NSE benchmark Nifty opened the session with a gap-up and, as the day progressed, Nifty gave away the entire gains and entered into the negative territory, ending the session with loss of 0.25 per cent at 10,981. The price action formed a long bear candle. Going ahead, Nifty has crucial support in the range

Sugar sector likely to reel under pain as CCEA plans to increase sugarcane FRP The Cabinet Committee on Economic Affairs (CCEA) is scheduled to meet today and is likely to consider a proposal to fix the Fair and Remunerative Price (FRP) for 2018-19 crop year. The expectation is that the cabinet would announce Rs20 hike

The NSE benchmark Nifty resumed its rally after the two-day sell-off and ended the session near the day’s high of 11,008. The price action formed a long bull candle just beside the negative candle of the last session, indicating Nifty has recouped major portion of its previous session’s loss. As mentioned in the previous review,