Market Down As Trump Takes Charge
Jan 20, 2017 | 17:44 PM IST
Jan 20, 2017 | 17:44 PM IST
Market Walk 20th January, 2016:
The Sensex lost 274.1 points to 27034.50
Nifty lost 85.75 points to 8349.35
Top Gainers:
Idea Cellular Ltd gained 2.96% to 71.4, Bharti Airtel by 1.14% to 320.7, Yes Bank by 1.00% to 1360.95, Ultra Tech Cement by 0.62% to 3483.0, ITC by 0.41% to 255.2.
Top Losers:
Axis Bank lost 7.26% to 448.7, Adani Ports by 3.76% to 284.25, Bank of Baroda by 3.75% to 154.1, Tata Motors DVR by 2.96% to 327.45, SBI by 2.79% to 251.2.
India-based car parts maker and engineering group Motherson Sumi Systems was up as it has agreed to buy Finnish truck wire maker PKC Group for 571 million euros (USD 609 million). Motherson has offered 23.55 euros per PKC share, representing a 51% premium to PKC's closing price. Adani Power, one of the largest private power generation companies, has posted a consolidated loss of Rs.325.3 crores in quarter ended December 2016 compared with profit of Rs.104 crores in corresponding quarter of previous fiscal. The bottomline was impacted by lower revenue and operational income and higher finance cost. Revenue during the quarter fell 6.1% to Rs.5,813 crores compared with Rs.6191 crores in same quarter last fiscal due to lower plant load factor.
Stocks to Watch:
Yes Bank Ltd is on up side while Axis Bank Ltd is on down side.
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