Market Cautious On Global Cues

Market Cautious On Global Cues

Daily Share Market News

Share Market News - 19th April-2017

The market opened positive but ended flat due to correction in global markets due to rising geopolitical tensions.
Sensex gained 17.47 points to 29336.57

Nifty lost 1.65 points to 9103.15

Top gainers

Powergrid by 3.98% to 210.40, Infratel by 3.00% to 347, Tata power by 2.87% to 85.95, Adani ports by 2.35% to 326.85 and Grasim by 1.95% to 1085.65.

Top losers

Aurobindo pharma by 3.75% to 639.40, SBIN by 1.86% to 284.90, Hero Motocorp by 1.43% to 3180, Tech Mahindra by 1.04% to 414.55 and ICICI bank by 1.01% to 280.55.

IndusInd Bank share price fell 0.6 percent after lower-than-expected Q4 profit growth due to nearly 100 percent increase in provisions despite stable asset quality. However, profit grew by 21 percent YoY. After its earnings, share prices of country's largest lenders SBI and ICICI Bank were down 2 percent and 0.72 percent, respectively. The Nifty Bank lost half a percent and PSU Bank shed 1.4 percent.

Yes Bank ended flat ahead of Q4 earnings that announced after market hours. Profit (up 30 percent YoY) was ahead of estimates but the growth restricted by higher provisions and bad asset quality performance.

Stocks to Watch:

GHCL is on the upside while Idea Cellular is on the downside.

 

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Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to a pave a smooth road for our clients in the shaky world of stock market. While tracking the mood swings of the market we bring our clients the most rewarding deals.

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