Trade Nivesh | Sensex holds 100 pts gains; ADAG stocks rally
Sectoral indices were mixed in trade with Media rising over a percent.
ADAG Stocks Rally
Reliance Infrastructure and Reliance Capital gained 5-6 percent.
Earnings
Dhanlaxmi Bank said its Q1 profit stood at Rs 19.8 crore against loss of Rs 45 crore in same period last fiscal. Net interest income grew by 11 percent to Rs 90.1 crore versus Rs 81.1 crore YoY.
Oil Prices Gain
Oil prices rose after steep falls in the previous session, although US crude trailed gains for international benchmark Brent following data showing US crude inventories fell less than expected.
West Texas Intermediate crude futures were up by 0.19 percent at $57.73, having fallen 3.3 percent on Tuesday.
Brent crude futures were up 0.4 percent at $64.62. They ended down 3.2 percent in the previous session. Source: Reuters.
ISMA said sugar season on October 1, 2019 will begin with record 14.5 million tonne.
India sugar sector will need government support & subsidies to tide over surplus, it added.
Sectoral indices were mixed in trade with Media rising over a percent.
ADAG Stocks Rally
Reliance Infrastructure and Reliance Capital gained 5-6 percent.
Earnings
Dhanlaxmi Bank said its Q1 profit stood at Rs 19.8 crore against loss of Rs 45 crore in same period last fiscal. Net interest income grew by 11 percent to Rs 90.1 crore versus Rs 81.1 crore YoY.
Oil Prices Gain
Oil prices rose after steep falls in the previous session, although US crude trailed gains for international benchmark Brent following data showing US crude inventories fell less than expected.
West Texas Intermediate crude futures were up by 0.19 percent at $57.73, having fallen 3.3 percent on Tuesday.
Brent crude futures were up 0.4 percent at $64.62. They ended down 3.2 percent in the previous session. Source: Reuters.
ISMA said sugar season on October 1, 2019 will begin with record 14.5 million tonne.
India sugar sector will need government support & subsidies to tide over surplus, it added.
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