Monday, 23 May 2016

Sensex ends 72 points down in volatile trade, Nifty settles at 7731

" SELL  TATAELXSI AT 1830 TG 1810/1790 SL 1850"
The Nifty is back on top of the crucial 7,800-mark by jumping 70.90 points, or 0.91 per cent, to 7,820.60. In a choppy trade on Monday, the Sensex pared all its early gains to settle the day 71 points lower, while the broader  Nifty ended below its key 7,750-mark. Indian indices once again ended in the red extending its losing streak to fourth consecutive trading session. the Sensex was down 14.29 points or 0.06% at 25,287.61. The Nifty was currently up 3.70 points or 0.05% at 7,753.40.Monsanto India cracked 7% to Rs.2,113 on BSE. Bayer AG offered to acquire Monsanto in an unsolicited bid worth about $62 bn to create the world’s biggest supplier of farm chemicals and genetically modified seeds, as per media reports. Britannia Industries Ltd stock was lower by 6% at Rs.2756.The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 1902.30 million for the Quarter ended March 31, 2016 as compared to Rs. 1672.50 mn for the Quarter ended March 31, 2015. Harita Seating Systems surged 12% to Rs.601. The company reported 7-fold rise in net profit figures at Rs 12.85 crore for the quarter ended March 2016 against Rs.1.85 crore in the corresponding quarter a year ago.
GLOBAL MARKET
On the global front, Asian stock market closed on a mixed note. In China, the Shanghai Composite index climbed 0.65% to 2,844, while Hong Kong’s Hang Seng index closed down marginally. The Nikkei 225 ended 0.5% lower at 16,654 points. The Nikkei Flash Japan Manufacturing Purchasing Managers Index showed Japanese manufacturing activity contracted at the fastest pace in more than three years in May as new orders slumped. European stocks fell as decline in oil prices sapped risk appetite. The FTSE 100 is trading lower by 0.35%. DAX and the CAC 40 are trading down 1% each.The Dow Jones, in the US, failed to recover gains for the week after stocks fell amid renewed concerns of a rate hike sooner rather than later. Global stock markets were also a bit lacklustre as investors bet that the US Federal Reserve was on track to raise rates sooner rather than later.
TOP GAINERS:
Company
Group
Current Price
% Change
Vaibhav Global Ltd.
B
280.45
+ 16.42
Harita Seating Syst.
B
601.20
+ 12.06
Somany Ceramics Ltd.
B
476.80
+ 11.04
Tata Metaliks
B
224.05
+ 9.99
MCX
B
916.60
+ 6.85
TTK Prestige L
A
4,607.10
+ 5.94
Balaji Amines Li
B
230.05
+ 5.92
TOP LOSERS:
Company
Group
Current Price
% Change
Indo National
B
757.00
-13.21
Bombay Burmah
B
366.45
-10.47
Sterling Tools L
B
461.60
-8.95
Britannia Ind.
A
2,680.95
-8.61
Monsanto India
A
2,077.50
-8.58
Just Dial
A
702.25
-6.55


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