Tuesday, 24 May 2016

After opening on a flat note,equity market ended near day’s high on Tuesday

TATAELXSI ROCKSSSSSSS HIT FINAL TGT 1790
The  Sensex and  Nifty snapped four-day losing streak on Tuesday on account of buying in frontline blue chip counters and taking cues from global counterparts. Sensex closed 75.11 points up at 25,305.47, while Nifty 50 index settled 17.80 points up at 7,748.85.VRL Logistics Ltd crashed 20% to Rs.315. The promoters of VRL Logistics have plans to start a regional airline and may sell close to 2% stake in the logistics company, according to reports. Novartis India jumped 11% to Rs.790 on BSE.  The pharma company has announced that the board will also consider a proposal for buyback of the company's equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of laws. Just Dial tumbled 4.6% to Rs.670 on Tuesday. Just Dial has informed BSE that the Board of Directors of the company at its meeting held on May 20, 2016 has considered and approved the allotment of 1496 equity shares of face value of Rs. 10/- each to certain employees of the company pursuant to exercise by such employees of vested options granted to them under relevant Employee Stock Option Schemes of the company.
GLOBAL MARKET
Asian shares declined mirroring a weak finish on the Wall Street as fears of an early interest rate hike in June continue to keep the investors unnerved. Japan's Nikkei stock index slumped 1%. Data on Monday showed Japan posted a trade surplus for the third consecutive month, and a Group of Seven finance ministers' meeting concluded on Saturday with a US warning to Japan against intervention to weaken the yen. Among other major indices, China’s Shanghai Composite and Singapore’s Straits Times fell between 0.5%-1%.However, European stocks pushed higher Tuesday as financial shares advanced. FTSE 100, CAC 40 and DAX gained nearly 1% each.
TOP GAINERS:
Company
Group
Current Price
% Change
SundaramBrakeLining
B
288.10
+ 19.99
Novartis
B
833.10
+ 17.16
Kellton Tech Solutio
B
194.45
+ 16.33
Redington (India) Lt
A
120.80
+ 11.29
Rushil Decor Ltd.
B
365.70
+ 9.38
KDDL Ltd.
B
178.10
+ 7.58
TOP LOSERS:
Company
Group
Current Price
% Change
VRL Logistics Ltd.
B
315.10
-19.99
Just Dial
A
640.85
-8.74
HSIL Ltd.
B
284.90
-8.58
RSR Mohota Spg.
B
95.10
-8.12
Hitech Plast
B
151.65
-6.88
Welspun Corp
A
81.90
-6.83

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