Nifty Crossed Another Milestone, Capital Goods Top Gainer

GDP Numbers

Share Market News 15 September 2017

Today's market opened positive and rallied to all time high level as buying was seen in all fronts. Banks, Capital goods and consumer durables sectors were the top gainer in today's market. Market is waiting for SEBI shell companies list update which is due today. Sensex gained 151.15 points to 32423.76, Nifty gained 67.70 points to 10153.10.

Top Gainers

Infratel by 4.55% to 391, Bajaj Auto by 3.71% to 3138, Indiabulls Housing Finance by 3.08% to 1305, Hindustan Unilever by 2.89% to 1282, and IndusInd Bank by 2.57% to 1743.

Top Losers

Tata Steel by 1.09% to 671.55, ONGC by 0.90% to 165.25, Tata Power by 0.83% to 83.60, Ambuja Cement by 0.72% to 282.30 and ITC by 0.71% to 267.40.

Analysis of Top Gainer and Loser

Infratel is the Top Gainer in today's market due to price is at strong support level and a huge buying was seen in this stock.
Tata Steel is the top Loser in today's market due some profit booking seen on higher level due to stock had rallied in previous trading session over some positive news.

Key Market News-

There is positive news on GDP growth as according to HSBC India will become 3rd largest economy by 2028 as India is consistent in reforms and giving more focus on the social sector.

There is positive news on Korean peninsula as USA and south Korea is going to put more economic sanction and discovering more ways to solve this issue with diplomatic ways.

Stocks to Watch

Infratel is on the upside while Tata Steel is on the downside.

Infratel is currently trading at Rs.389.10, up by Rs.15.10 or 4.04% from its previous closing of Rs.374 on the BSE. The scrip opened at Rs.374.50 and has touched a high and low of Rs.392 and Rs. 374.50. respectively. So far 2752702(NSE) shares were traded on the counter. The current market cap of the company is Rs.71783 Crore. The BSE group stock has touched a 52 week high of Rs.425 on 25-July-2017 and a 52 week low of Rs.281.75 on 28-February-2016.

Tata Steel is currently trading at Rs.672.90,down by Rs.6.05 or 0.89% from its previous closing of Rs.678.95 on the NSE. The scrip opened at Rs.676 and has touched a high and low of Rs.683 and Rs.671.10 respectively. So far 2293247(NSE) shares were traded on the counter. The current market cap of the company is Rs.65367 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.693 On 12-September-2017 and a 52 week low of Rs.354.90 on 19-September-2016.

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