Wednesday, 8 November 2017

SENSEX CLOSES 152 POINTS LOWER; NIFTY NEAR 10,300

The Sensex, after opening strong at 33,417 touched the day’s high of 33,484 on the back of foreign fund inflows. However, it succumbed to profit-booking in late afternoon trade and slumped to a low of 33,157, Domestic market sell-off continued for the second day on Wednesday, with the Sensex falling by over 150 points on widespread selling in metal, oil & gas, PSU and realty stocks This is its weakest closing level since October 31, when it had ended at 33,213.Similarly, Nifty slumped 47 points or 0.45 percent to close at 10,365.after shuttling between 10,422 and 10,334. Bharti Airtel, Tata Motors, SBI, and RIL were the top losers today with losses to the tune of 3.75%, 3.54%, 2.73% and 2.16%, respectively. Meanwhile, shares of Axis Bank, Asian Paints, and Cipla rose 3.34%, 2.78%, and 2.28% respectively. Arvind Ltd’s shares fell 5.04% to Rs432. Teamlease Services Ltd shares surged 16% to Rs1,935.Teamlease Services Ltd shares surged 16% to Rs1,935.Manappuram Finance Ltd fell 5% to Rs94.
GLOBAL MARKET:
Asian shares paused at decade peaks and the dollar dipped on Wednesday amid concerns Republican plans for major US tax cuts were running into headwinds even before the Senate releases its own version of the proposals. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.05 percent having hit its highest since November 2007 on Tuesday. Japan's Nikkei fell 0.4 percent, though that followed a jump to its best close since 1992.
The Dow Jones Industrial Average eked out a fourth consecutive record high close on Tuesday, while the S&P 500 ended marginally lower after a disappointing profit forecast from Priceline and a drop in financials.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
TTK Healthcare Ltd.
B
893.60
+ 14.56
Saksoft Ltd.
B
252.35
+ 14.21
Akme Star Housing
B
122.50
+ 10.31
TeamLease Service
B
1,830.95
+ 9.67
Suyog Telematics
B
425.00
+ 8.97
Nucleus Software
B
392.00
+ 7.94
Cords Cable Industri
B
144.75
+ 7.34
TVS Electronics
B
475.25
+ 6.68
Hawkins Cookers
B
2,863.00
+ 6.43
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Astra Microwave
B
102.85
-11.30
State Trading
B
252.65
-9.99
Meghmani Organics Lt
B
108.00
-8.78
8K Miles Software
B
772.30
-7.85
Tips Industries
B
107.95
-7.74
Maha. Seamless
B
448.85
-7.56
Salona Cotspin L
B
136.00
-7.55
India Nippon Ele
B
1,087.25
-6.73

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