Market Down Due To Increasing Geopolitical Tensions
May 24, 2017 | 18:09 PM IST
May 24, 2017 | 18:09 PM IST
Share Market News- 24 May 2017
The market today opened positive due to good numbers presented by some of the big players but market corrected in afternoon session because of increasing geopolitical tension between India and Pakistan. Sensex lost 63.61 points to 30301.64; Nifty lost 16.40 points to 9369.75.
Top Gainers
Tata Motors by 4.44% to 470.50, Tata Motors DVR by 4.30% to 276.40, Adani Ports by 3.06% to 341.80, GAIL by 3.06% to 392 And BPCL by 2.45% to 716.70.
Top Losers
Bank of Baroda 3.38% to 175.85, Infratel by 3% to 368.45, L&T by 2.95% to 1689.45, Aurobindo Pharma by 2.76% to 526.75 And Hindalco by 2.66% to 186.90.
Key Market News
Law and IT minister of India expressed an optimistic view that IT industry will create 25-30 lakhs jobs by 2025 and he completely denied that there is any downturn in the employment in this sector.
Bharat Forge Ltd presented an outstanding numbers today as it reported a 25.32% increase in standalone net profit at Rs 207.50 crore for the 4th quarter that ended March 31, 2017, compared to the net profit of Rs 165.57 crore during the same period last year.
Stocks to Watch
Voltas is on the upside while Tata Elxsi is on the downside.
Voltas is currently trading at Rs.446.50, up by Rs.36.65 or 8.94% from its previous closing of Rs 409.85 on the NSE. The scrip opened at Rs.428 and has touched a high and low of Rs 451.25 and Rs 421.40.respectively. So far 17792850(NSE) shares were traded on the counter. The current market cap of the Company is Rs.14823 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.451.25 on 24-May-2017 and a 52 week low of Rs.287 on 22-November-2016.
Tata Elxsi is currently trading at Rs.1329.25, down by Rs.126.15 or 8.67% from its previous closing of Rs.1455.40 on the NSE. The scrip opened at Rs.1441 and has touched a high and low of Rs.1451.80 and Rs.1287.50 respectively. So far 758825(NSE) shares were traded on the counter. The current market cap of the company is Rs.4119 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1663.75 on 30-May-2016 and a 52 week low of Rs.1021.25 on 22-November-2016.
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