Sensex cracks 153 pts; Nifty50 below 9,600; Tata Motors DVR top loser
1 New Update
03:51:16 PM IST, 23 June 2017
CLOSING BELL: SENSEX CRACKS 153 PTS
BSE Sensex lost over 152 points to end the session at 31,138.21 on BSE. Banking and Auto stocks hogged the limelight for the second day with shares of Tata Motors and SBI being the major drags.
03:14:51 PM IST, 23 June 2017
CANARA BANK, FEDERAL BANK, SBI AMONG TOP BANKING LOSERS
Shares of Canara Bank (down 3.05 per cent) emerged as the top loser in the banking space on Friday. The Nifty Bank index was down 0.74 per cent, with only IndusInd Bank (up 0.50 per cent) trading in green on Friday.
02:56:50 PM IST, 23 June 2017
FIVE STOCKS THAT MAY OFFER YOU UP TO 3X RETURN
As the benchmark equity indices have turned sideways after hitting lifetime highs, investment ideas have dried up in the market amid rich valuations. The Nifty50’s EPS growth stood at 10.8 per cent for FY17, while consensus EPS growth estimate for FY18 and FY19 stands at 23 per cent.
02:29:12 PM IST, 23 June 2017
THE NEXT LEG OF MARKET RALLY IS ON ITS WAY
At least three key parameters suggest this market rally has legs to go the distance. Should that be the case, the Buffett wisdom might hold true in this market. First, look at the PE multiples. They currently rule at 23-24 levels, which are high, considering the depressed state of earnings and the negative factors blinking on the horizon.
01:46:54 PM IST, 23 June 2017
CDSL ISSUE SHOWS IPOS RIDING MARKET EUPHORIA; TREAD CAREFULLY
A strong equity market performance is generally followed by a flurry of initial public offerings (IPOs). Euphoria grips the Street and IPOs – whether reasonably priced or not— get through with ease. Conversely, primary market frenzy is often seen as harbinger of market peaking. This trend is playing on Dalal Street these days.
01:18:36 PM IST, 23 June 2017
GTPL HATHWAY IPO SUBSCRIBED 70%; ISSUE CLOSES TODAY
The initial public offering (IPO) of GTPL Hathway progressed and was subscribed 70 per cent on the last trading day of the bidding process. Data available with NSE showed that the issue had received bids for 1,40,89,328 shares by 12.45 pm, which was 35 per cent of the total issue size of 2,02,15,966 shares.
12:53:39 PM IST, 23 June 2017
CHINA BLUE CHIPS END AT 18-MONTH HIGH, BUOYED BY MSCI INCLUSION
China stocks rose on Friday to end the week higher, on signs tight liquidity is easing and with sentiment lifted by MSCI's decision to include mainland shares in a key index. The blue-chip CSI300 index settled up 0.9 percent at 3,622.88 points, the highest close in 18 months, while the Shanghai Composite Index added 0.3 percent to 3,157.87 points.
12:52:02 PM IST, 23 June 2017
WOCKHARDT SNAPS 5-DAY LOSING STREAK, GAINS OVER 2%
Shares of Wockhardt rose over 2 per cent in Friday's trade after the company signed an agreement to acquire 46 per cent stake in Heptagon Technologies. The acquisition will be completed on or before July 31, 2017, the company said in a filing to BSE. Following the development, shares of the pharma company advanced 2.26 per cent to Rs 571.85 on BSE.
12:34:25 PM IST, 23 June 2017
REALTY STOCKS TUMBLE
Realty stocks plummeted in Friday's trade with Prestige Estates Projects (down 5.39 per cent), Godrej Properties (down 3.57 per cent), Delta Corp (down 3.34 per cent), Oberoi Realty (down 3.34 per cent) and DLF (down 2.58 per cent) emerging as the biggest loser in the index.
12:03:46 PM IST, 23 June 2017
SHRIRAM EPC GAINS NEARLY 15% ON BAGGING ORDERS WORTH RS 165 CRORE
Shares of Shriram EPC gained nearly 15 per cent in Friday's trade after the company announced that it has won multiple orders worth Rs 165 crores under its water management business. Following the development, the scrip surged 14.68 per cent to Rs 27.35 on BSE. It opened at Rs 26.05 and touched an intraday high and low of Rs 28.20 and Rs 25.55, respectively, in trade so far.
11:46:34 AM IST, 23 June 2017
SENSEX SLIPS OVER 100 POINTS
11:24:25 AM IST, 23 June 2017
TATA MOTORS SHEDS 2% DESPITE RESTRUCTURING PLANS
Shares of Tata Motors were trading lower in Friday's trade even as the company is set to save Rs 300-400 crore in what's termed the biggest restructuring exercise in the history of the company. Shares of Tata motors fell 1.45 per cent to hit a low of Rs 446.45 on BSE.
10:51:53 AM IST, 23 June 2017
15 STOCKS THAT HIT FRESH 52-WEEK HIGH
Despite a divergent trend in the early trade, 15 stocks on NSE hit fresh 52-week high. The list includes stock such as Magnum Ventures, Simplex Project, Graphite India, Aditya Birla Money, KIOCL, Almondz Global, Rajesh Exports, Ganesha Ecosp, Krebs Biochem, Balkrishna Ind., Eveready Ind, Kotak Bank, Colgate-Palmo and Supreme Infra.
10:35:57 AM IST, 23 June 2017
FORTIS HEALTHCARE PLUNGES ON IHH CLARIFICATION ON STAKE PURCHASE
Shares of Fortis Healthcare plunged over 8 per cent in Friday's trade after IHH Healthcare Berhad on Thursday said it is not close to "concluding any negotiations" to buy controlling stake in the pharmaceutical company. Following the development, the scrip fell 8.31 per cent to Rs 181.50 on BSE.
09:54:32 AM IST, 23 June 2017
NIFTY HAS BEARISH SIGNALS; 9,675, 9,710 LEVELS CRITICAL
The benchmark Nifty50 on Thursday came off nearly 80-odd points from the day’s high to end flat with a net loss of 3.60 points or 0.04 per cent. Though there were no losses at close, the market has thrown up several signals that the 9700-9710 zone has now become immediate short-term top for the market. While the 9,675 and 9,710 levels will play out as key resistance on Friday, supports will come in at 9,550 and 9,510 levels.
09:36:23 AM IST, 23 June 2017
RUPEE OPENS 3 PAISE HIGHER AGAINST US DOLLAR AT 64.56
The rupee opened nearly 3 paise up at 64.56 against dollar on Friday on account of selling of American currency by banks and exporters. The local currency on Thursday settled 7 paise down at 64.59 against dollar. This was the lowest closing for rupee since May 30, when it had closed at 64.66.
09:31:13 AM IST, 23 June 2017
OPENING BELL: SENSEX, NIFTY50 OFF TO CAUTIOUS START
Benchmark indices opened on a cautious note on Friday tracking mixed trading in Asian markets. Buying in index heavyweights such as ICICI Bank, HDFC and Hindustan Unilever offset losses seen on TCS, Reliance Industries and Reliance Industries.
09:05:01 AM IST, 23 June 2017
PRE-OPEN SESSION: MARKET FLAT
Nifty above 9,650; Sensex at 31,440; Rupee at 64.56 against US dollar.
08:07:34 AM IST, 23 June 2017
CRUDE OIL BOUNCES
Oil prices rose on Thursday, a day after hitting 10-month lows, but market sentiment remained negative because the global crude glut has persisted despite Opec-led output cuts. Brent crude futures ended 40 cents higher to $45.22 a barrel, after falling as low as $44.53. Brent fell 2.6 percent the previous session to $44.35, lowest since November. US crude futures ended up 21 cents a barrel at $42.74 a barrel. On Wednesday, they hit a low of $42.05, their lowest intraday level since August 2016.
08:07:13 AM IST, 23 June 2017
RUPEE IN A DOWNWARD SPIRAL
Caught in a downward spiral for the third straight session, the rupee on Thursday depreciated by seven paise to end at a fresh three-week low of 64.59 on steady dollar demand amid deepening global oil rout. This was the lowest closing for the home currency since May 30.
08:06:48 AM IST, 23 June 2017
US MARKETS GAIN
US markets traded weak in overnight trade. The Dow Jones Industrial Average index fell 12.74 points, or 0.06 per cent, to 21,397, while the S&P500 index lost 1.11 points, or 0.05 per cent, to 2,434, but the Nasdaq Composite advanced 2.73 points, or 0.04 per cent, to 6,236.
08:03:56 AM IST, 23 June 2017
ASIAN MARKETS SLUGGISH
Asian shares baulked at the starting gate on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, and up 0.4 per cent for the week. Japan's Nikkei edged down slightly.
08:03:36 AM IST, 23 June 2017
SIGNAL FROM SINGAPORE
Nifty50 futures on the Singapore Stock Exchange were trading 3 points lower at 9,632.50, indicating a flat opening for the domestic market.
08:03:15 AM IST, 23 June 2017
SENSEX ON THURSDAY
Domestic equity indices shed early gains and ended flat on Thursday amid mixed global cues and brisk selling on the counters oil, FMCG and pharma stocks. The BSE Sensex scaled a high of 31,522 but pared gains to end the session just 7 points higher at 31,290, with HDFC being the top gainer and ONGC the biggest laggard. The Nifty50 closed 3 points lower at 9,630.
08:02:39 AM IST, 23 June 2017
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