Friday, 22 September 2017

NIFTY SEES BIGGEST FALL OF 2017; ENDS AT 9,963

Stocks ended the week on a distinctly bearish note after the Sensex tanked 447 points—the biggest fall in over nine months—and the Nifty ended below the 10,000 level on Friday. Sensex fell 447.60 points, or 1.38%, to close at 31,922.44, while the Nifty 50 closes 157.50 points, or 1.56%, down to 9,964.40.KNR Constructions Ltd rose 5.2% to Rs223. Pharma stocks were trading higher. Dr Reddy’s Laboratories Ltd rose 1.5%, Sun Pharma 1.1%, Lupin Ltd 1%, Cipla Ltd 1%, Ipca Laboratories Ltd 3.4%, Ajanta Pharma 3.2%, Dr Reddy’s Lab 1.5% and Glenmark Pharma 1.3%.Banking stocks fell. The Nifty Bank index slumped 1.15% to 24,514. Yes Bank Ltd fell 3.3%, Andhra Bank 2.8%, Central Bank 2.6%, Indian Bank 2.3%, South Indian Bank 2.3%, South Indian Bank 2%, ICICI Bank 2.1%, Karnataka Bank 2.1%,Tata Motors Ltd rose 2% to Rs 422. Yes Bank fell 4% to Rs 362.25.
GLOBAL MARKET:
Asian currencies were trading mixed. South Korean won was down 0.54%, Malaysian ringgit 0.25%, China Offshore 0.16%, Taiwan dollar 0.06%, Hong Kong dollar 0.05%. However, Japanese yen was up 0.64%, Philippines peso 0.25%, Indonesian rupiah 0.12%, China renminbi and Singapore dollar were up 0.05% each. The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.993, down 0.29% from its previous close of 92.259.
TOP GAINERS:
Company
Group
Current Price
% Change
ITI
B
139.50
+ 14.16
Poddar Housing
B
1,339.95
+ 7.20
Genesys Int.Corp.
B
296.00
+ 6.53
Bharat Road Network
B
192.35
+ 5.14
Nelco Ltd
B
133.65
+ 5.07
SMS Lifesciences Ind
B
523.50
+ 4.99
TV Today Network Ltd
B
359.05
+ 4.85
Blue Coast Hotels L
B
134.75
+ 3.65
TOP LOSERS:
Company
Group
Current Price
% Change
Technofab Engineerin
B
236.70
-12.27
Palred Technologies
B
101.50
-10.57
India Tourism De
B
553.00
-10.04
Walchandnagar
B
199.45
-10.00
SE Investments
B
189.75
-9.99
TV Vision
B
142.45
-9.98

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