Thursday, 16 November 2017

NIFTY REBOUNDS FROM 3-DAY LOSING STREAK; IT, BANKS GAIN

The Sensex staged a strong comeback to reclaim the key 33,000-mark by surging over 346 points to close at a one-week high of 33,107 on Thursday. The Sensex reversed its three-session losing spell.The Sensex opened to hit the day’s high of 33,165 before settling up 346 points, or 1.06%, at 33,106. The Sensex had lost 554 points in the previous three sessions on subdued exports, Also, the Nifty closed at 10,214, a hefty gain of 96 points, or 0.96%, after touching a high of 10,232 and a low of 10,139. Both the indices recorded single-biggest gains since 1 November. 
            Videocon Industries Ltd hits 5% upper circuit for third sessions. The stock gained nearly 16% in the last three sessions. Religare Enterprises Ltd hits 10% upper circuit for second sessions. Manappuram Finance Ltd rose 5%, JM Financial Services Ltd 3.5%, Muthoot Finance Ltd 2.7%, Mahindra & Mahindra Financial Services Ltd 1.5%, Ujjivan Finance 1.4%, Vakrangee Ltd 1.4%. Infosys, SBI, Reliance Industries and NTPC were the top gainers with the gains to the tune of 3.79%, 2.71%, 2.56% and 2.27%, respectively. 
GLOBAL MARKET:
Asian currencies were trading mixed. China renminbi was down 0.18%, Malaysian ringgit 0.10%, Japanese yen and China offshore were down 0.08% each. However, South Korean won was up 0.63%, Taiwan dollar 0.11% and Philippines peso 0.05%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.872, up 0.06% from its previous close of 93.813.
TOP GAINERS:
Company
Group
Current Price
% Change
Weizmann Forex
B
1,121.90
+ 16.58
Saregama India Ltd.
B
917.30
+ 15.84
Radico Khaitan Ltd.
B
250.35
+ 14.97
GNA Axles
B
396.90
+ 14.79
GPT Infraprojects
B
184.20
+ 14.41
ADF Foods Ltd.
B
261.05
+ 10.61
Ganesh Housing
B
119.85
+ 10.56
D-Link (India)
B
123.15
+ 10.40
SORIL Infra Resource
B
312.50
+ 10.00
TOP LOSERS:
Company
Group
Current Price
% Change
Petron Engineeri
B
129.40
-9.98
Poddar Pigments
B
327.00
-5.38
Emmbi Industries
B
218.00
-5.22
Rain Industries
B
347.10
-5.00
B C Power Controls L
B
97.50
-4.88
Hind. NationalGl
B
119.00
-4.80
Tips Industries
B
138.65
-4.64
TCI Developers Ltd.
B
435.00
-4.40

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