Market Cautious On Global Cues

Market Cautious On Global Cues

Daily Share Market News

Share Market News - 19th April-2017

The market opened positive but ended flat due to correction in global markets due to rising geopolitical tensions.
Sensex gained 17.47 points to 29336.57

Nifty lost 1.65 points to 9103.15

Top gainers

Powergrid by 3.98% to 210.40, Infratel by 3.00% to 347, Tata power by 2.87% to 85.95, Adani ports by 2.35% to 326.85 and Grasim by 1.95% to 1085.65.

Top losers

Aurobindo pharma by 3.75% to 639.40, SBIN by 1.86% to 284.90, Hero Motocorp by 1.43% to 3180, Tech Mahindra by 1.04% to 414.55 and ICICI bank by 1.01% to 280.55.

IndusInd Bank share price fell 0.6 percent after lower-than-expected Q4 profit growth due to nearly 100 percent increase in provisions despite stable asset quality. However, profit grew by 21 percent YoY. After its earnings, share prices of country's largest lenders SBI and ICICI Bank were down 2 percent and 0.72 percent, respectively. The Nifty Bank lost half a percent and PSU Bank shed 1.4 percent.

Yes Bank ended flat ahead of Q4 earnings that announced after market hours. Profit (up 30 percent YoY) was ahead of estimates but the growth restricted by higher provisions and bad asset quality performance.

Stocks to Watch:

GHCL is on the upside while Idea Cellular is on the downside.

 

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 a pave a smooth road for our clients in the shaky world of stock market. While tracking the mood swings of the market we bring our clients the most rewarding deals.

LEAVE A COMMENT

RECOMMENDED READING

IT & Banking Stocks Continue To Shine In A Volatile Market

Our Analysis This week also market continued to consolidate amid volatility due to higher crude oil price & continued depreciation of rupee while domestic political graph also hurt sent
Read More>>

Political Uncertainty & Crude Oil Prices Play The Show Spoiler

Our Analysis This week market witnessed selling pressure from 10,900 levels as investors took this opportuni
Read More>>

Technical Analysis: Much More Than Just A Trading Tool

Trading is exhausting. You have to enter a position and have to stay glued to your screen till your target is reached. If the stock/index is moving against you, you have to employ your hedging strategies. While walking this tightrope many traders
Read More>>

Mid Cap, Small Cap & Large Cap: The Right Cap For Uncapped Growth

Midcap, Smallcap & large Cap, you must have read these words on the financial portals or even while sifting through your newspaper. What do they mean? What is a cap? You would not care to learn more about these terms if you are not interested in f
Read More>>

FMCG & Auto Stocks Shine In A Range-Bound Market; Nifty At 10,800

Our Analysis This week, benchmark indices traded rangebound as Nifty traded in a range of 10,600 to 10,780 levels due to uncertainty on global cues & Karnataka state election result. On
Read More>>