Friday, 10 November 2017

SENSEX, NIFTY CLOSE HIGHER AFTER POSITIVE Q2 RESULTS

The Sensex ended higher by over 60 points as the investor sentiment was buoyed after the GST Council pruned the list of goods to be taxed at 28 percent. to just 50. The decision was taken at a crucial meeting of the Goods and Services Tax Council which is underway where Centre and States are in discussions to reduce the number of items in the 28 percent slab. Sensex ended higher by 63 points or 0.19 percent at 33,314 and Nifty closed up 12.8 points or 0.12 percent at 10,321. The Sensex touched the day's high of 33,380 and a low of 33,108. SBI, L&T, and Hindustan Unilever were top gainers with gains to the tune of 5.34%, 3.07%, and 2.05%, respectively. Meanwhile, shares of Tata Motors, Asian Paints and Reliance fell 4.26%, 2.35%, and 2.14%, respectively. Mahindra and Mahindra shares rose 2.69% to Rs1398. Bank of India rose 2.2% to Rs 204. Divi’s Laboratories Ltd rose 5.1% to Rs 1061. Just Dial Ltd rose 13% to Rs515.
GLOBAL MARKET:
Asian shares slipped on Friday on uncertainty about US tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives' version in several key areas, including a delay in the timing of a corporate tax cut. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent while Japan's Nikkei lost 1.0 percent. MSCI's all-country equity index posted its first daily loss in more than two weeks on Thursday, ending its longest daily winning streak since 2003.On Wall Street, the S&P 500 lost 0.38 percent while the Nasdaq Composite dropped 0.58 percent.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Asian Hotels (West)
B
299.00
+ 13.62
Saregama India Ltd.
B
838.75
+ 13.14
Asian Hotels (North)
B
135.85
+ 11.12
Poddar Pigments
B
349.05
+ 8.30
Tips Industries
B
127.20
+ 7.16
Vadilal Indus.
B
980.65
+ 6.97
Tejas Networks
B
384.85
+ 6.59
Dishman Carbogen Amc
B
305.40
+ 6.19
Hind. NationalGl
B
134.00
+ 6.18
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Pearl Global Industr
B
140.15
-8.93
Coffee Day Enterpris
B
228.15
-8.54
Selan Exploratio
B
246.80
-7.36
SIL Investments Ltd.
B
341.15
-6.80
Sona Koyo Steer.
B
114.50
-6.76
Globus Spirits Ltd.
B
116.20
-6.70
Vidhi Specialty Food
B
93.80
-6.39
Vesuvius India
B
1,250.00
-6.29

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