Market in Rangebound Mode

May 17, 2017 | 06:17 PM IST

Share Market News - 17th May-2017

Today’s market opened negative but Nifty ended flat due to mixed trigger in the market. Sensex gained 76.17 points to 30658.77; Nifty gained 13.50 points to 9525.75.

Top Gainers

Tata Steel by 8.07% to 493.40, Infratel by 3.29% to 388.95, Indiabulls Housing by 3.03% to 1085, Tata Motors by 2.66% to 448.90 And ICICI Bank by 2.25% to 309.45.

Top Losers

Tech Mahindra by 2.96% to 430.60, ACC by 2.29% to 1690.10, Bosch Ltd by 1.94% to 24198, Yes Bank by 1.89% to 1455.40 And Adani Ports 1.57% to 348.95.

Key Market News

HUL (Hindustan Unilever), presented good numbers today as its net profit increased by 6%, Rs 1,183 crore against Rs 1,114 crore posted during the same quarter of last year. Revenue for the firm is up 6.7% at Rs 8,886 Crore against Rs 8,329 Crore (YOY). The company posted 12.2% increase in its earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 1,651 Crore against Rs 1,472 Crore in March 2016. The EBITDA margin came at 20.1% against 19.1%.

According to the commerce minister of India, India’s exports have been increasing despite global turmoil and efforts are being made to neutralise any impact on export due to implementation of GST, and government will come out with amendments to the foreign trade policy to adjust with the Goods and Services Tax (GST), which is scheduled to be rolled out from July 1.

Share Market Tips - Stocks to Watch

Tata Steel is on the upside while Glenmark Pharma is on the downside.

Tata Steel is currently trading at Rs.493.90, up by Rs.37.35 or 8.18% from its previous closing of Rs 456.55 on the NSE. The scrip opened at Rs.470 and has touched a high and low of Rs 498.40 and Rs 466. Respectively. So far 49407351(NSE) shares were traded on the counter. The current market cap of the Company is Rs.47914 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.508.45 on 17-March-2017 and a 52 week low of Rs.297.40 on 24-June-2016.

Glenmark Pharma is currently trading at Rs.698, down by Rs.16.10 or 2.25% from its previous closing of Rs.714.10 on the NSE The scrip opened at Rs.716 and has touched a high and low of Rs.752.20 and Rs.696.15 respectively. So far 4728010(NSE) shares were traded on the counter. The current market cap of the company is Rs.19692 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.993 on 01-November-2016 and a 52 week low of Rs.696.15 on 17-May-2017.

 

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

Market Rallied Amid Geopolitical Tension; Banks Gained

Share Market News – 16 August 2017. Today's market opened positive factoring to positive global cues but profit booking was seen in mid session of the market, however, a great
Read More>>

Small and Midcap Rallied Post WPI Data

Share Market News – 14 August 2017 A great recovery has seen in market after bearish run of last 4 trading session specially in Small cap, Midcap and Metals sector stocks.
Read More>>

SEBI's List Left The Market 'Shell' Shocked!

Market This Week The market is below 10,000, yes you a heard it right. There was huge selling seen in this week especially in mid cap and small cap companies because of SEBI
Read More>>

How To Find The Right Stocks For Long-Term Investment

In the stock market, there is a distinction between an investor and a trader. Though both of them use the same medium - stocks - to reach their objective, there remains a sea difference between their style and approach. The investor is the one who
Read More>>

Profit Booking Continues; Nifty Below 9850

Share Market News – 10 August 2017 There was huge selling seen in today's market as yesterday's profit booking continued in each sector especially in midcap and smallcap
Read More>>