Thursday, 9 June 2016

SENSEX BACK IN RED ENDS DOWN, TUMBLES 257 PTS AHEAD OF IIP DATA

"BUY EROSMEDIA ABOVE 220 TG 225/235 SL 210"
The  Sensex ended down 257 points at 26,763 and the Nifty slipped 69 points to settle at 8,204. Eros International Media climbed 4.4% on BSE after its on-demand entertainment platform Eros Now inked a deal with Apple TV for showcasing its repository of Bollywood and regional language films and music videos across 80 countries. Dr Reddy's Labs ended down 1.7% on talk that US Consumer Product Safety COmmission is seeking civil penalty stating that the company has violated provisions related to child resistant packaging in at least five prescription drugs. Pricol zoomed 9.3% to Rs.77.25. The company is targeting a 20-25% revenue growth in the next few years and eyeing to hit the Rs.3,000-crore revenue mark by 2020.
GLOBAL MARKET:
Asian shares ended lower with Japanese sharing losing the most on the back of a stronger yen. Financial markets in Hong Kong and China are closed today for a public holiday. Meanwhile, Further, commodity prices firmed up on the back of weakness in the US dollar. Japan's benchmark Nikkei ended nearly 1% down while Singapore's Straits Times slipped 0.4%. In European stocks were trading weak weighed down by selling pressure in global telecom major Vodafone while profit warning from Essentra also dampened sentiment. The CAC-40, DAX and FTSE-100 were down over 1% each. Asian stocks closed on mixed note as weak. South Korean stocks declined after the Bank of Korea surprised markets by cutting its policy rate by 25bps to a record-low of 1.25%.
TOP GAINERS:
Company
Group
Current Price
% Change
Dewan Housing
A
211.65
+ 5.48
Ipca Laboratorie
A
445.40
+ 4.46
Hind. Zinc
A
176.85
+ 3.91
eClerx Services
A
1,508.90
+ 3.52
KDDL Ltd.
B
216.55
+ 13.41
Vaibhav Global Ltd.
B
287.60
+ 13.36
Kesoram Industri
B
125.25
+ 13.14
TOP LOSERS:
Company
Group
Current Price
% Change
Infosys
A
1,185.45
-4.27
Shree Cement
A
13,450
-4.10
PVR Ltd.
A
904.80
-3.70
Vakrangee
A
162.85
-3.38
RSR Mohota Spg.
B
87.10
-12.90
Satin Creditcare
B
377.25
-5.49
Kakatiya Cement Suga
B
482.95
-4.73

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