Wednesday, 16 May 2018

IOLCP ROCKSSS !!

Sensex closed lower by 156 points, or 0.44%, to 35,387, while the Nifty fell 60 points, or 0.56%, to close at 10,741. Sensex and  Nifty closed lower for a second straight day on Wednesday, tracking losses in global equities amid rising geopolitical tensions in the Korean peninsula. Shares in Asia and Europe declined after North Korea called off talks with South Korea, throwing a major US-North Korean summit into question. Moreover, Kranataka election results threw up a hung assembly in the state, giving the three main parties an opportunity to form post-poll alliances. Punjab National Bank fell 10% to Rs 80. Reliance Communications Ltd shares slumped 10% to Rs 11. Shares of midcap public sector banks were also trading weaker. Allahabad Bank fell 9%, Oriental Bank of Commerce 3.5%, Canara
Bank 4%, Syndicate Bank 3.3%, Union Bank of India 3%, Bank of India 2.4%, Bank of Baroda 2.4%. Glenmark Pharmaceuticals Ltd shares were up 1.63% to Rs514. Punjab Alkalies and Chemicals Ltd fell 3.67% to Rs45. ITC Ltd shares rose 1.40% to Rs285.
GLOBAL MARKET:
Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major US-North Korean summit into question, and a spike in the US 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street.MSCI’s Asia-Pacific Index outside Japan was down 0.1%, South Korea’s KOSPI was 0.4% lower and Japan’s Nikkei was down 0.3%. Overnight in US, the Dow fell 0.78% and the S&P 500 lost 0.68%.
TOP GAINERS:
Company
Group
Current Price
% Change
Apex Frozen Foods
B
601.85
+ 10.64
V Mart Retail
B
2,488.60
+ 8.68
Premier Explos.
B
351.30
+ 8.29
HEG Ltd.
B
3,529.95
+ 7.76
B C Power Controls L
B
181.80
+ 6.63
Mahindra Logistics L
B
559.45
+ 5.50
TCI Developers Ltd.
B
535.55
+ 5.00
Oceanaa Biotek Ind
B
118.85
+ 4.99
Jyothy Laboratories
B
391.70
+ 4.96
AGI Infra Ltd.
B
117.75
+ 4.95
TOP LOSERS:
Company
Group
Current Price
% Change
Clariant Chemicals 
B
483.00
-10.63
Jindal Poly Films
B
245.60
-8.32
Shakti Pumps (In
B
630.75
-8.13
SIL Investments Ltd.
B
331.75
-5.46
KDDL Ltd.
B
504.00
-5.25
Electrotherm (In
B
160.00
-5.04
Pioneer Distille
B
270.00
-5.00
Poddar Housing
B
1,005.05
-5.00
De Nora India Ltd.
B
398.85
-4.99

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