Monday, 30 May 2016

NIFTY AT 8-MONTH HIGH,ENDS ABOVE 8,150

“BUY SINTEX ABOVE  81 TGT 85.50/90 SL 79 ”
The Indian market beat the Monday blues, with the Nifty closing the day at an 8-month high of 8,179. The benchmark indices rallied more than 5% last week driven by better than expected Q4 earnings season, an above normal monsoon forecast by both IMD & Skymet, relatively stable global environment and consistent FII inflows. BSE Sensex increased 72 points to 26725.60 and the Nifty rose 21.85 points to 8178.50.Muthoot Finance rallied by 9% at Rs.233.The company  posted a net profit of Rs. 2652.213 million for the quarter ended March 31, 2016 as compared to Rs. 1651.858 million for the quarter ended March 31, 2015. Tree House Education and Accessories Ltd stock was lower by 7% at Rs.72.The net profit stood at Rs.6.78 crore, while revenue from operations was at Rs.209.33 crore, for FY16. India's largest real estate firm DLF has reported a 23% drop in its consolidated net profit at Rs.132 crore for the quarter ended March 2016, compared to a net profit of Rs.172 crore, in the same quarter last year. DLF Ltd is currently trading at Rs. 127.3, down by Rs. 1.7 or 1.32% from its previous closing of Rs. 129 on the BSE.
GLOBAL MARKET
Globally markets were mixed. In Asia, Nikkei closed up 1.4 percent while European benchmarks were flat with a positive bias (at 16 hours IST) after investors digested comments from Federal Reserve Chair Janet Yellen who suggested a rate hike in the next few months is appropriate.
TOP GAINERS:
Company
Group
Current Price
% Change
Claris Lifesciences
B
201.90
+ 20.00
Dynamatic Techno
B
2,650.00
+ 16.01
Seshasayee Paper
B
269.90
+ 12.55
JBM Auto
B
157.50
+ 9.95
T Nadu Newsprint
B
279.15
+ 9.66
G M Breweries Ltd.
B
612.85
+ 7.71
Ujjivan Financial
B
313.70
+ 7.03
TOP LOSERS:
Company
Group
Current Price
% Change
TPL Plastech Ltd.
B
421.00
-9.95
Orbit Exports Li
B
241.75
-8.41
LT Foods Ltd.
B
227.00
-7.48
Jindal Photo
B
93.55
-6.78
Sharda Motor Ind
B
795.00
-6.62
GRP L
B
1,030.00
-5.94
Forbes & Company Ltd
B
1,290.00
-5.91







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