Global Concerns Drag The Market; IT Sector Top Gainer
Sep 15, 2017 | 18:01 PM IST
Sep 15, 2017 | 18:01 PM IST
Share Market News 15 September 2017
Today's market opened positive and rallied to life time high level but failed to make another milestone as the market is clueless in sense of whether the war like situation will arise or not. A huge buying was seen in IT sector stocks as the H1B visa issue is likely to get resolved. Sensex gained 30.68 points to 32272.61, Nifty lost 1.20 points to 10085.40.
Top Gainers
ONGC by 4.33% to 166.25, Bajaj Auto by 3.47% to 3030, Coal India by 2.25% to 260.80, Infratel by 1.89% to 377.05 and INFY by 1.82% to 908.60.
Top Losers
Dr.Reddy by 2% to 2208.30, IndusInd Bank by 1.61% to 1701, Aurobindo Pharma by 1.31% to 756, Tata Power by 1.17% to 84.25 and ACC by 1.13% to 1823.95.
Analysis of Top Gainer and Loser
ONGC is the top gainer in today's market due increasing crude oil prices as demand would hike in the coming days due to uncertainty over war like situation.
Dr.Reddy is the top loser in today's market due some profit booking seen on higher level due to stock had rallied in previous trading session over some positive news.
Key Market News-
North Korea fired a ballistic missile this morning over the northern Japanese island of Hokkaido. The launch is the second attempt over Japan within a month, and the first since North Korea's sixth nuclear test and post new economic sanctions from United Nations on the country.
There is cautious news on GDP front as according to UN report India's unorganised sector got affected badly by demonetisation and may take further hit by GST, and due to that, it has lowered India's GDP growth target to 6.7% for 2017 compared to 7% in 2016.
Stocks to Watch
ONGC is on the upside while Jammu and Kashmir Bank is on the downside.
ONGC is currently trading at Rs.166.75, up by Rs.7.40 or 4.64% from its previous closing of Rs.159.35 on the BSE. The scrip opened at Rs.159.50 and has touched a high and low of Rs.167.85 and Rs.159. respectively. So far 25453536(NSE) shares were traded on the counter. The current market cap of the company is Rs.214186Crore. The BSE group stock has touched a 52 week high of Rs.211.80 on 31-Jan-2017 and a 52 week low of Rs.145.77 on 04-August-2016.
Jammu and Kashmir Bank is currently trading at Rs.74.45, down by Rs.5.50 or 6.88% from its previous closing of Rs.79.95 on the NSE. The scrip opened at Rs.79.90 and has touched a high and low of Rs.79.90 and Rs.73.80 respectively. So far 2025848(NSE) shares were traded on the counter. The current market cap of the company is Rs.4190 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.95.75 On 20-June-2017 and a 52 week low of Rs.57.15 on 16-December-2016.
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