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Share Market News for Today

Stock market news-24 April 2017

The market witnessed last hour selling and ended on the negative side.
Sensex gained 290.54 points to 29655.84
Nifty gained 98.55 points to 9217.95

Top gainers

ACC by 7.53% to 1608.0, Grasim by 4.36% to 1179.0, Ultratech Cement by 3.81% to 4130.0, Gail by 3.1% to 411.9 and Ambuja Cement by 3.01% to 246.6.

Top losers

Lupin by 3.33% to 1361.0, Cipla by 1.33% to 556.95, Aurobindo Pharma by 1.08% to 626.35, Zeel by 0.97% to 523.45 and NTPC by 0.75% to 165.95.
Cement major ACC surged 7.5 percent after stable earnings in March quarter while better-than-expected numbers in Q4 lifted UltraTech Cement 4 percent. The ripple effects also spilled over other cement stocks - Grasim Industries gained 4.5 percent and Ambuja Cements was up 3 percent.

Nifty Bank was the biggest gainer among major sectoral indices, up more than 300 points. HDFC Bank (up 2.4 percent) was the leading contributor to Sensex' gains as analysts maintained their buy call on the stock with increased target price after stable earnings. Citi has maintained a buy call on the stock with increased target price at Rs 1,760 (from Rs 1,530) post-earnings.

Stocks to Watch:
Cosmo Films is on the upside while Cipla is on the downside.

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