Thursday, 21 September 2017

SENSEX, NIFTY CLOSE LOWER; DR REDDY’S SHARES RISE 7%

Indices pared some of the morning losses to end flat after pharma stocks rallied on positive corporate announcements. The Nifty Pharma index rose over 3% hitting 7-week high on Thursday. nifty closed down 19 points or 0.19 per cent at 10,121, while Sensex lower by 30 points or 0.09 per cent at 32,370. The Sensex and Nifty ended lower for a third straight session on Thursday, due to capital outflows by foreign funds after the US Federal Reserve announced plan to wind down stimulus measures and hinted at another interest rate hike. India Tourism Development Corp. Ltd surged 12% to Rs642. Coffee day enterprises Ltd fell 4% to Rs232. Dr Reddy’s Laboratories Ltd rose 3% to Rs2,385. Novartis India Ltd rose 5.2% to Rs682. Banking stocks fell. Andhra Bank fell 4%, Bank of India 3%. Om Metals Infraprojects Ltd surged 13% to Rs 76.
GLOBAL MARKET:
“After the Fed rate decision, Asian markets have come under slight pressure but it hasn't been a tipping point for Indian markets, chief market strategist with Geojit Financial Services.MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan was down 0.5 per cent.“From a domestic point of view, investors are locking in gains after the markets sustained at peak levels for a long time. The market is looking for further cues to push prices higher.
TOP GAINERS:
Company
Group
Current Price
% Change
ITI
B
122.20
+ 19.98
Hester Biosciences L
B
1,085.60
+ 17.35
GOCL Corporation
B
565.50
+ 12.37
Technofab Engineerin
B
261.85
+ 11.43
Taj GVK Hotels & Res
B
169.65
+ 9.45
Himadri Speciality
B
139.70
+ 8.17
TCI Developers Ltd.
B
467.95
+ 7.57
Rushil Decor Ltd.
B
891.80
+ 7.28
TOP LOSERS:
Company
Group
Current Price
% Change
Indo Tech Transforme
B
235.15
-8.63
Matrimony.com
B
901.20
-8.51
Hind Rectifiers
B
130.95
-8.33
SIL Investments Ltd.
B
233.90
-7.46
TV Vision
B
157.55
-7.13
IVP
B
184.30
-6.99
Prakash Indus.
B
109.65
-6.24

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