CLSA on Marico: Broking house maintained buy on Marico with target at Rs 465 per share.
The pre-Q4FY19 commentary seems decent, while India business volume growth should be around 8 percent YoY, it added.
Market Update: Sensex and Nifty hits record high. Nifty crosses previous high of 11,760.20.
Market Opens: It is firm start for the benchmark indices on Wednesday with Sensex opened at record high.
At 09:16 hrs IST, the Sensex is up 119.33 points at 39175.98, while Nifty up 31.90 points at 11745.10. About 451 shares have advanced, 174 shares declined, and 41 shares are unchanged.
Yes Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance are some of the major gainers on the indices, while lower are Eicher Motors, Infosys, Wipro, HCL tech, Britannia and Coal India.
Among the sectors, except IT all other indices are trading in green led by bank, metal, infra, pharma and energy.
Rupee Opens: The Indian rupee opened marginally higher at 68.72 per dollar on Wednesday versus previous close 68.75.
Market at pre-opens: Indian indices are trading higher in the pre-opening sessions.
At 09:03 hrs IST, the Sensex is up 98.78 points or 0.25% at 39155.43, and the Nifty up 19.00 points or 0.16% at 11732.20.
Marico, M&M, IndusInd Bank, Tata Motors, Tata Steel are trading higher, while Jet Airways fell 5 percent in the pre-opening
Gold Update: Gold prices slipped on Wednesday, after touching their lowest level in four weeks in the previous session, as equities traded near a seven-month high, denting bullion's appeal.
US markets end mixed: The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday's strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.
SGX Nifty: Trends on SGX Nifty indicate a flat to positive start for the broader indices in India, a gain of 13 points or 0.11 percent. Nifty futures were trading around 11,800-level on the Singaporean Exchange.
Asian markets trade higher: Asian shares hovered near seven-month highs early on Wednesday as global investors paused for breath after the strong rally seen earlier this week, while oil approached the key $70 per barrel mark.
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