Bulls Charged. Nifty Rested Above 9750

Jul 10, 2017 | 06:19 PM IST

Share Market News – 10.07.17.

Today’s market opened positive on positive global cues in technical havoc on NSE and reopened around 12.30. Nifty and sensex reached it all time high level after successful breakout. AU small finance bank has successfully listed as it has gained around 48% in opening day. IT and Banks stocks zoomed in todays market. Sensex gained 355.01 points to 31715.364; Nifty gained 105.25 points to 9771.05.

Top Gainers

TCS By 4.22% to 2430.30, Bank of Baroda By 2.40% to 164.40, Tata Motors by 2.09% to 446, Tata Power by 2.08% to 83.40 And Lupin By 2.05% to 1140.15.

Top Losers

M&M by 1.38% to 1357, HDFC by 0.32% to 1624, ITC by 0.21% to 333.60, Eicher Motors by 0.19% to 27800.05 And HDFC Bank by 0.01% to 1667.

Analysis of Top Gainer and Loser

TCS is the Top Gainer in today's market as company likely to given an interim dividend to the equity shareholders if approved by the board . As company is going to declare it in board meeting which is going to held on 13th July 2017.

M&M is the top loser in today's market due to pressurised number presented by company in FY 2016-17 by two wheeler segment. Company is going to phase out hybrid car production and it has temporarily closed hybrid Scorpio production due higher taxation in GST.

Key Market News-

India's steel consumption increased by 4.6% in the first quarter of the current fiscal compared to same period in 2016. Country's steel exports increased by nearly 66% in the April-June period due to rising production in country for sale purpose. There positive news for MSME sector as Indian Railway is going to reserve 358 items i.e. cleaning apparatus, stationery, leather items exclusively for MSME sector. Special status is given to this sector in lie of exempting in paying tender cost and earnest money deposit for participating into the railway tender.

Stocks to Watch

MT Educare is on the upside while Shriram City is on the downside.

MT Educare is currently trading at Rs.80.60, up by Rs.13.40 or 19.94% from its previous closing of Rs.67.20 on the NSE. The scrip opened at Rs.74.95 and has touched a high and low of Rs. 80.60 and Rs.74.95. respectively. So far 392413(NSE) shares were traded on the counter. The current market cap of the company is Rs.317 Crore. The BSE/NSE group stock has touched a 52 week high of Rs. 171.80 on 07-July-2016 and a 52 week low of Rs.59 on 23-May-2017

Shriram City is currently trading at Rs. 2330.30, down by Rs.161.75 or 6.49% from its previous closing of Rs.2492.05 on the NSE. The scrip opened at Rs 2399.95 and has touched a high and low of Rs.2399.95 and Rs.2299 respectively. So far 15943(NSE) shares were traded on the counter. The current market cap of the company is Rs.15352 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.2616.40 On 05-July-2017 and a 52 week low of Rs 1644.65 on 15-November-2016.

 

ABOUT AUTHOR

Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to pave a smooth road for our clients in the shaky world of stock market. While...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

Infosys, TCS Disappoint; Hopes Pinned On Midcaps

Market This Week The market is following one-way traffic at this point. Any small correction will be highly welcomed by the investors to jump in. All the giants are set to
Read More>>

Free Research Report -Tata Coffee Ltd.

Tata Coffee Limited is a holding company. The Company, through its subsidiaries, engages in the production, trading and distribution of coffee, tea and allied products. The Company's segments include Plantation and Value Added Products. Its
Read More>>

Global Optimism & Monsoon Keep The Market In Green

Share Market News – 19 July 2017 The market looked positive cutting yesterday's loss where Nifty just managed to hit 9900 levels and closed at 9899.6 gaining 72.45 points while Sensex jumped by 244.36 points to 31955.35. All
Read More>>

Position Trading: Much More Than Just Buy-Hold-Sell

Wait and watch. One of the most common phrases​ used in the English language. But if used in the right context, it can be a very powerful expression. In the context of trading, position trading can be best explained by using these three words –
Read More>>

Free Research Report Rico Auto Industries Limited

Incorporated in March 1983, Rico Auto Industries Ltd (RAIL) manufactures and sells high-pressure aluminum die cast components and spheroidal graphite (SG) iron castings for the automotive sector. RAIL currently operates from 9 locations at
Read More>>