Thursday, 26 May 2016

Sensex surged 486 points or 1.9%, Nifty settles above 8,050 mark, up 1.81%

"WOCKPHARMA ROCKSSSSSSSSSSSSSS HIT TGT 905 "
The Sensex rose 486 points to close at 26,367 and Nifty surged 135 points to end at 8,070. Nifty reclaimed the 8,000 mark for the first time since 06 November, 2015.The Sensex opened above the psychologically important 26,000 mark.  Sensex hit its highest level in almost 21 weeks; the Nifty hitting its highest level in almost 29 weeks. Indian indices shot up once again for the third consecutive trading session amid better than expected quarterly earning announced by index heavy weight L&T. Domestic sentiment was buoyed as oil advanced to $50 a barrel for the first time this year as US industry data showed a decline in stockpile. Sensex surges 1100 points in last 2 trading session. Today, L&T, Infosys has contributed 40% rally in Nifty. Larsen & Toubro rallied 10% to Rs.1,422 after the company reported consolidated net profit of Rs.2,453.64 crore for the quarter ended March 31, 2016, registering growth of 18.55% yoy and 137.11% qoq. The stock has hit upper circuit at Rs.1,420.40 . Ujjivan Financial Services rose 12% after the company said it posted 134% jump in its fiscal year 2016 net profit to Rs 177 crore against Rs 76 crore a year ago. Rattanindia Power jumped 14% after the company said it posted consolidated net profit ofRs 227 crore against net loss of Rs 2231 crore a year ago. Strides Shasun has announced that it has received USFDA Tentative Approval for Efavirenz Tablet. The final approval will be received after patent expiry in August 2018. Strides Shasun Ltd is currently trading at Rs. 1063.1, up by Rs. 20.8 or 2% from its previous closing of Rs. 1042.3.
GLOBAL MARKET
On the global front, Asian stock markets ended on a mixed note. In China, the Shanghai Composite index gained 0.27% to 2,823, while Hong Kong’s Hang Seng index and Nikkei 225 closed higher by 0.3% each. In Europe, the FTSE 100 is trading higher by 0.14%. DAX and the CAC 40 are trading up 0.40% each. The rupee was trading up 16 paise at 67.17 per US dollar.
TOP GAINERS:
Company
Group
Current Price
% Change
Shreyas Shipping & L
B
319.80
+ 20.00
Indo Tech Transforme
B
224.70
+ 20.00
Sharda Cropchem
B
348.65
+ 20.00
L & T
A
1,472.60
+ 14.04
De Nora India Ltd.
B
387.00
+ 13.64
Transformers & Recti
B
343.50
+ 12.42
Ujjivan Financial
B
297.70
+ 11.71
Federal-Mogul Goetze
B
351.00
+ 11.71
TOP LOSERS:
Company
Group
Current Price
% Change
Flexituff Internatio
B
180.05
-7.67
Sri Adhikari Bro
B
249.20
-7.60
Som Distilleries
B
160.10
-7.16
TV Today Network Ltd
B
308.00
-7.13
Cummins India Lt
A
808.00
-6.19

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