MARKET LIVE: SGX Nifty gains 100 pts; RIL, L&T, UltraTech Cement in focus

MARKET LIVE:Sensex,Nifty,markets today,Reliance Q3,RIL,L&T,Stove Kraft,MTNL

Stock market LIVE updates: The Indian benchmark indices made a firm start on Monday, tracking similar positive cues from their Asian peers, although selling in index heavyweight Reliance Industries capped the gains.

The S&P BSE Sensex rose 300 points to 49,200 levels and the broader Nifty50 index was testing the 14,500-mark. UltraTech Cement climbed 3 per cent and was the top Sensex gainer, followed by HDFC, Axis Bank, and Bajaj Finance (all up 2%). On the other hand, Reliance Industries dipped 3 per cent post the announcement of its December quarter results. The conglomerate saw its profit jump 12.5 per cent to Rs 13,101 crore during the said quarter.

All the Nifty sectoral indices were painted green, led by Nifty Financial Services index, up 1.6 per cent

Results today

A total of 41 firms, including Larsen & Toubro, Aarti Drugs, and APL Apollo Tubes, are slated to announce their December quarter numbers today.

Analysts at HDFC Securities forecast a 71.5 per cent sequential growth in Larsen and Toubro’s consolidated net profit at Rs 1,980 crore for the quarter under review. READ MORE

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Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

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