Market Goes On A Roller Coaster Ride

Apr 18, 2017 | 06:40 PM IST

Stock Market News 18th April 2017

It was a roller-coaster ride today as the market opened positive and gained almost century in a Nifty and double century in Sensex, but ended in negative due to correction in global markets as geopolitical tensions are on the rise. Sensex lost 94.56 points to 29319.10, Nifty lost 34.15 points to 9105.15.

Top Gainers

Aurobindo Pharma by 1.85% to 664.90, NTPC by 1.48% to 161.65, IOC by 1.33% to 430.10, Hindalco by 1.30% to 183.80 and Bank of Baroda 0.65% to 177.10.

Top Losers

Tata steel by 3.01% to 448.50, Infratel by 2.79% to 334.75, Ambuja cement by 2.75% to 240.05, Eicher motors by 2.51% to 25469.95 and Coal India by 2.31% to 279.20

Key Market Drivers

The White House indicated in an elaborate press briefing this week that the H-1B visa lottery system is likely to end this year and a new program with an emphasis on master’s degrees and high skills is likely to be enforced.

Skymet, a private monsoon forecasting agency has predicted monsoon’s arrival in Kerala between May 28 and May 30, and also predicted the monsoon is likely to be 96 percent of the long-period average. Poor rains can shrink the rural economy, cut food output and stoke prices. When rains are in the adequate quantity, they usually raise farm income and rural demand for consumer goods, which gives a big boost to the economy.

Share Market Tips

Stocks To Watch- Adani Enterprises is on the upside while Tata Steel is on the downside.


Stock View

Adani Enterprises is currently trading at Rs.144.15, up by Rs.20.80 or 16.86% from its previous closing of Rs 123.35 on the NSE

The scrip opened at Rs.144.15 and has touched a high and low of Rs 160.50 and Rs 124.00 respectively. So far 34,526(NSE) shares were traded on the counter. The current market cap of the Company is Rs.15,936.25 Crore.

The BSE/NSE group stock has touched a 52 week high of Rs.160.70 on 17-April-2017 and a 52 week low of Rs.58.35 on 09-November-2017.

Tata Steel is currently trading at Rs.448.50, down by Rs.11.80 or 2.55% from its previous closing of Rs.462.05/462.40 on the BSE/NSE

The scrip opened at Rs.449.90 and has touched a high and low of Rs.475.90 and Rs.449.25 respectively. So far 18,820 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs.43,728.98 Crore.

The BSE/NSE group stock has touched a 52 week high of Rs.508.75 on 17-April-2017 and a 52 week low of Rs.296.30 on 24-June-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

Sparkling Diwali Offer: Flat 15% Off On Our Stock Recommendation Services

Stock investment has the potential to outperform all the investment instruments be it fixed deposits, real estate or even gold. Stock market, over the years, has made significant contribution in creating wealth for working
Read More>>

Stop! Read Before You Invest In These Trending Stock Market Tips

Various popular stock market news portals and TV channels discuss trending stocks and provide free tips but without in-depth research. We create well-researched equity analysis on these trending stock tips in a single place so you don't waste your
Read More>>

How To Choose The Right Brokerage Firm

The first step of your equity investment is to open your demat account. The demat accounts service is provided by banks e.g. ICICI, SBI etc. and also by independent brokerage firms e.g ShareKhan, Angel Broking, etc. The charges for providing the
Read More>>

Nifty Goes Green! Back To 10,000; Set To Go Higher

Market This Week The market recovered from the bottom and it has succeeded to climb 1,000 points this week as huge buying was seen in almost all the sector especially in
Read More>>

Stock Specific Rally Continue; Oil & Gas Top Gainers

Share Market News – 11 October 2017 The market opened positive but profit booking was seen in the market in an afternoon session and nifty closed below 10000 level but a huge buying was seen in oil and gas sector. Sensex
Read More>>