Wednesday, 8 June 2016

SENSEX ENDS FLAT, NIFTY ABOVE 8,250-MARK AS INVESTORS BOOK PROFITS

“Yesterday’s our prediction of Alphageo moved above expectation that is opened with a upper circuit 792.95. The stock hit 20% upper circuit for the second consecutive trading session on wednesday”  
Markets finished the session on a tepid note due to absence of strong directional cues and mixed trend in global equity markets.The Sensex ended up 11 points to settle at 27,021 and the Nifty settled 7 points higher at 8,273. Yesterday, Sensex closed above 27,000 for the first time since October 28, 2015. Alphageo (India) hit 20% upper circuit after the company has received Letter of Award of contracts from Oil & Natural Gas Corpn for acquisition of 2D Seismic Data in un-appraised on land areas of Indian Sedimentary Basins of India as part of the National Seismic Program by March 2019.The stock has hit 20% upper circuit for the second consecutive session. Shreyas Shipping & Logistics Ltd jumped 10.3% to Rs.426. The stock gained for the third sessions. JSW Energy Ltd climbed 12.5% at Rs.79.65 on reports that the company might clinch the 860 MW Karnataka SEB power purchase deal. Rajesh Exports dropped 1.4% to Rs.495. The company has announced that it has bagged Rs. 653 crores worth export order.
GLOBAL MARKET:
Asian stocks closed on mixed note as weak The Shanghai Composite and Hong Kong’s Hang Seng index closed down. Japan's Nikkei 225 ended higher by 0.92%.European shares fell on Wednesday. The FTSE 100 was trading marginally up. DAX and the CAC 40 are down 0.5% respectively.The Reserve Bank of India (RBI) will have more room to cut interest rates if the central bank gains confidence in reaching its 5% target for consumer inflation by March 2017, said Governor Raghuram Rajan on Wednesday. In overseas markets, European market edged lower in early trade retreating after two straight days of gains, as a drop in Austrian bank Erste knocked back financial stocks.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Gati Ltd.
A
147.40
+ 9.63
McLeod Russel
A
189.00
+ 6.66
Max Financial Servic
A
422.50
+ 5.68
Bharat Electroni
A
1,281.50
+ 5.52
Alpha Geo (India
B
792.10
+ 20.00
Themis Medicare Ltd.
B
576.95
+ 20.00
Astec Lifesciences L
B
291.50
+ 19.98
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Vakrangee
A
168.55
-2.18
Piramal Enterprises
A
1,378.95
-1.74
TVS Motor Co. Ltd.
A
290.05
-1.53
Infosys
A
1,238.30
-1.50
Beardsell Ltd.
B
108.30
-5.00
Kakatiya Cement Suga
B
506.95
-4.94

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