Nifty Rested Its All Time High

May 15, 2017 | 06:00 PM IST

Share Market News - 15th May-2017

Today’s market opened positive and ended at its all-time high due positive economic data. Sensex gained 133.97 points to 30322.12; Nifty gained 44.50 points to 9445.40.

Top Gainers

Tata Steel by 4.52% to 456.45, Hindalco by 4% to 198.70, Dr.Reddy by 3.36% to 2667.50, Bosh Ltd by 2.76% to 24135 And Lupin by 2.48% to 1285.

Top Losers

Aurobindo Pharma by 1.62% to 613.60, Infy by 1.14% to 953.25, Eicher Motors by 0.90% to 28915.05, Infratel by 0.72% to 372 And Hero Motocorp 0.66% to 3518.

Key Market Drivers

According to IMD (India Meteorological Department), the Southwest Monsoon has covered the Nicobar Islands and the entire south Andaman Sea, 3 days ahead of its normal scheduled date. This may be a hint that monsoon may arrive in Kerala earlier than anticipated.

According to RBI, the introduction of GST (Goods and Service Tax) will have an impact on the economy of the state governments and will help them to improve their finances without cutting productive expenditure. The GST regime is likely to start a new chapter of cooperative federalism in India, concentrating on collaboration between the centre and states, states to States.

Share Market Tips - Stocks to Watch

Avanti Feeds is on the upside while Inox Wind is on the downside.

Avanti Feeds is currently trading at Rs.1076.85, up by Rs.179.45 or 20% from its previous closing of Rs 897.40 on the NSE. The scrip opened at Rs.1050 and has touched a high and low of Rs 1077.95 and Rs 1010.05 respectively. So far 202380(NSE) shares were traded on the counter. The current market cap of the Company is Rs.4075 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1077.95 on 15-May-2017 and a 52 week low of Rs.411 on 09-November-2016.

Inox Wind is currently trading at Rs.166.65, down by Rs.34.95 or 17.34% from its previous closing of Rs.201.60 on the NSE The scrip opened at Rs.174.55 and has touched a high and low of Rs.176 and Rs.162.50 respectively. So far 5222779(NSE) shares were traded on the counter. The current market cap of the company is Rs.4473 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.253 on 14-June-2016 and a 52 week low of Rs.160.95 on 06-March-2017.

 

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