Market Tanked As Tension Rises Over Korean Peninsula
Sep 22, 2017 | 15:32 PM IST
Sep 22, 2017 | 15:32 PM IST
Share Market News 22 September 2017
The market opened downside over increasing tension in the Korean peninsula and panic selling was seen in each and every sector but IT sector was least affected in this panic market. Nifty has broken its major support of 10,000. Sensex lost 447.60 points to 31922.44, Nifty lost 157.50 points to 9964.40.
Top Gainers
HCL Tech by 1.45% to 882.90, Wipro by 0.70% to 293.95, Infratel by 0.66% to 390.20, Tata Motors by 0.33% to 415.
Top Losers
Hindalco by 4.85% to 232.70, Tata Steel by 4.76% to 654.40, Yes Bank by 4.14% to 361.45, Ultratech cement by 3.99% to 3999.90 and Vedanta Ltd by 3.89% to 310.
Analysis of Top Gainer and Loser
HCL Tech is the top gainer in today's market due to Indian currency is on the higher side and it would increase the profit percent of the IT companies.
Hindalco is the top loser in today's market as profit booking was seen in the stock as the price is at the resistance level.
Key Market News-
The big news for the market was that North Korean foreign minister has warned that it could test a powerful nuclear weapon over the Pacific Ocean to response to US President Donald Trump's threats of military action.
Positive news on steel production as according to the latest report of World Steel Association India's crude steel production increased 4% to 8.4 million tonnes (MT) in August compared to 8.1 MT in August last year.
Stocks to Watch
Dr. Reddy is on the upside while ACC is on the downside.
Dr. Reddy is currently trading at Rs.2457.75, down by Rs.28.80 or 1.16% from its previous closing of Rs.2486.55 on the BSE. The scrip opened at Rs.2494 and has touched a high and low of Rs.2526.75 and Rs.2446.55. respectively. So far 1991351(NSE) shares were traded on the counter. The current market cap of the company is Rs.40736 Crore. The BSE group stock has touched a 52 week high of Rs.3399.90 on 28-October-2016 and a 52 week low of Rs.1901.15. on 11-August-2016.
ACC is currently trading at Rs.1688.30, down by Rs.61.50 or 3.51% from its previous closing of Rs.1749.80 on the NSE. The scrip opened at Rs.1745.25 and has touched a high and low of Rs.1746 and Rs.1680 respectively. So far 386853(NSE) shares were traded on the counter. The current market cap of the company is Rs.31749 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1869.95 On 19-September-2017 and a 52 week low of Rs.1256.55 on 22-November-2016.
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