Smallcap Rallied Despite Nifty Traded In A Narrow Range
Oct 05, 2017 | 18:14 PM IST
Oct 05, 2017 | 18:14 PM IST
Share Market News 05 October 2017
The market opened positive but profit booking was seen in the afternoon session and the market traded in a very narrow range. Despite sluggishness in the market, the smallcap stocks rallied. Sensex lost 79.68 points to 31592.03, Nifty lost 26.20 points to 9888.70.
Top Gainers
Aurobindo Pharma by 2.66% to 744.25, Ambuja Cement by 1.93% to 274.75, NTPC by 1.40% to 170.40, Yes Bank by 1.17% to 359.95 and Coal India by 1.15 to 273.10.
Top Losers
Tech Mahindra by 3.24% to 450, Infratel by 2.87% to 404.55, Powergrid by 1.94% to 205, HPCL by 1.83% to 436 and ICICI Bank by 1.48% to 272.
Analysis of Top Gainer and Loser
Aurobindo Pharma is the top gainer in today's market as the stock is gaining momentum from last 4 days because of fundamentally strong news from US market.
Tech Mahindra 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-
According to Confederation of Indian Industry (CII) the effect of GST on sales of consumer-related products is decreasing and because of festive season sales is boosting in luxury goods and fast moving consumer goods (FMCG) sector.
According to commerce and industry minister, the government is planning and working together to provide necessary policy and fiscal support to industry and boost job creation and overall economic growth in coming days.
Stocks to Watch
Indo Count Industries is on the upside while Hatsun Agro Products is on the downside.
Indo Count Industries is currently trading at Rs.107.75, up by Rs.8.70 or 8.78% from its previous closing of Rs.99.05 on the BSE. The scrip opened at Rs.99.05 and has touched a high and low of Rs.108.90 and Rs.98.60. respectively. So far 5530549(NSE) shares were traded on the counter. The current market cap of the company is Rs.2151 Crore. The BSE group stock has touched a 52 week high of Rs.210.05 on 03-May-2017 and a 52 week low of Rs.93.70 on 27-September-2017.
Hatsun Agro Products is currently trading at Rs.745.30, down by Rs.23.75 or 3.09% from its previous closing of Rs.769.05 on the NSE. The scrip opened at Rs.771 and has touched a high and low of Rs.778.50 and Rs.735 respectively. So far 53815(NSE) shares were traded on the counter. The current market cap of the company is Rs.11327 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.826.50 On 04-October-2017 and a 52 week low of Rs.307.05 on 04-August-2016.
At Niveza India Pvt Ltd., we all come to work everyday to take the challenges of stock market head on and to change people's perception that stock market investment is like a gamble. Over the years, we have built our profile as a company which has brought optimum value to our subscribers through our well-researched stock recommendations.... More>>
Disclaimer: Niveza does not guarantee the accuracy or completeness of information on the site, nor does Niveza assume any liability for any loss that may result from reliance upon any such information or recommendations. Information and recommendations on the site are for general information only. Nothing contained herein is an offer to sell nor solicitation to buy any securities.