Smallcap Rallied Despite Nifty Traded In A Narrow Range

Smallcap Rallied Despite Nifty Traded In A Narrow Range

Nifty Traded In A Narrow Range

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.

 

 

 

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