Meanwhile, stock-specific actions continued on Tuesday as we are in the middle of March 2018 quarter earnings season.
Among individual stocks, ICICI Bank rose 7 per cent and was the biggest gainer on the broader NSE index. Brokerages retained their ‘buy’ rating on the stock citing a significant decline in the “drilldown” list of potential troubled loans. The bank’s net profit almost halved to Rs 10.20 billion for the quarter ended March 31.
Globally, oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply.
While caution on Trump’s statement kept investors edgy in early trade, technology firms helped to generate gains for Asian equities.MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6 per cent, with information technology shares rising 1.3 per cent. Japan’s Nikkei was 0.2 per cent higher.
Nifty Bank index up nearly 1%: Top gainers from the pack
COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME ICICI BANK 308.50 289.80 18.70 6.45 87171264 FEDERAL BANK 103.70 101.20 2.50 2.47 15399268 ST BK OF INDIA 250.30 246.50 3.80 1.54 23278419 BANK OF BARODA 145.50 143.55 1.95 1.36 15825358 AXIS BANK 543.15 536.10 7.05 1.32 12027147
ICICI Bank top gainer post Q4 results
Top Sensex gainers and losers