Market Halted Ahead of U.S.Fed.Policy.

May 03, 2017 | 06:25 PM IST

Share Market News – 03 May 2017

Today’s market opened positive but ended flat due to profit booking and Federal Reserve policy. Sensex lost 26.38 points to 29894.80; Nifty lost 1.85 points to 9311.95.

Top Gainers

Infratel by 2.47% to 362.95, Powergrid by 2.43% to 211, Ultratech Cement by 2.23% to 4300, TCS by 2.09% to 2337.80 And Coal India by 1.99% to 280.

Top Losers

Lupin by 2.82% to 1267, Aurobindo Pharma by 1.82% to 585.95, Tata Power by 1.79% to 82.20, Hindalco by 1.52% to 197.20 And Zeel by 1.35% to 527.

Key Market Drivers

According to ADB (Asian Development Bank), The Indian economy will grow 7.4% this fiscal and 7.6% in the next as the bankruptcy and GST laws will help to create a better business friendly environment in India, And It will accelerate the growth.

ICICI Bank presented outstanding numbers today for the 4th quarter as profit during January-March quarter increased 202% to Rs 2,119.9 crore and net interest income is likely to increase 0.2% to Rs 5,416.3 crore compared with a corresponding quarter of last fiscal. It is expected to see pressure on its earnings due to increased provisions and higher slippages on a continuous basis.

Share Market Tips - Stocks to Watch

Raymond is on the upside while Lupin is on the downside.

Raymond is currently trading at Rs.783.50, up by Rs.57.40 or 7.91% from its previous closing of Rs 726.10 on the NSE. The scrip opened at Rs.733 and has touched a high and low of Rs 806.70 and Rs 726.50 respectively. So far 3477396(NSE) shares were traded on the counter. The current market cap of the Company is Rs.4456 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.806.70 on 03-May-2017 and a 52 week low of Rs.398.15 on 23-August-2016.

Lupin is currently trading at Rs.1264.90, down by Rs.38.90 or 2.98% from its previous closing of Rs.1303.80 on the NSE The scrip opened at Rs.1308 and has touched a high and low of Rs.1311.95 and Rs.1261.35 respectively. So far 1825156(NSE) shares were traded on the counter. The current market cap of the company is Rs.60444 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1750 on 18-July-2016 and a 52 week low of Rs.1261.35 on 03-May-2017.

 

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