Market in Rangebound Mode

Market in Rangebound Mode

Share Market News 16 June

Share Market News - 17th May-2017

Todays 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, Indias 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.

 

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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.

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