Tuesday, 31 May 2016

SENSEX , NIFTY SNAP FIVE-DAY WINNING STREAK,NIFTY HOLDS 8,150

Markets snapped five-day winning streak, amid a volatile trading session, The S&P BSE Sensex ended down 58 points at 26,668 and the Nifty50 settled 18 points lower at 8,160. Technically the indices still look to be part of a longer term uptrend .Tata Motors climbed 7.7% to Rs.453 on BSE. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.51,770.60 million for the quarter ended March 31, 2016 as compared to Rs.17,165 million for the quarter ended March 31, 2015. Tree House Education and Accessories Ltd stock was lower by 15% at Rs.60. Report says that Morgan Stanley Asia sold 2 lakh shares of the company. Nava Bharat Ventures surged 11% to end at Rs 182 after its net profit more than doubled to Rs 58 crore for the quarter ended March 2016 (Q4FY16) against Rs 24 crore in a year ago quarter.Rolta India slumped 7.4% to Rs.72.50 on BSE. Standard & Poor’s lowered its long-term corporate credit rating on Rolta India Ltd reported profit after tax for Q4 FY-16 at Rs.59.21cr against Rs. 46.87 cr in Q3 FY-16,registering a Q-o-Q growth of 26.3%.
GLOBAL MARKET:
Asian stocks mostly higher; Nikkei up 0.5%,Asia trades mixed, Nikkei up 0.7%, Shanghai down 0.4%. On the global front, Asian stock market closed on a mixed note. In China, the Shanghai Composite index closed higher by 3.2%, while Hong Kong’s Hang Seng index and Nikkei 225 ended 1% higher respectively. In Europe, The FTSE 100 was trading lower by 0.14%. DAX and the CAC 40 are trading marginally down. The rupee was trading down 1 paise at 67.17 per US dollar.
TOP GAINERS:
Company
Group
Current Price
% Change
Apcotex Industries L
B
327.60
+ 13.20
Thangamayil Jeweller
B
221.00
+ 10.42
Nava Bharat Ventures
B
180.95
+ 9.87
Mahindra CIE Auto
B
212.40
+ 9.46
Sudarshan Chem.
B
134.20
+ 9.37
Parag Milk Foods
B
255.65
+ 8.46
Claris Lifesciences
B
218.20
+ 8.07
Grindwell Norton
B
680.65
+ 7.64
TOP LOSERS:
Company
Group
Current Price
% Change
Aries Agro Ltd.
B
108.70
-12.55
Mazda Ltd.
XC
306.00
-9.99
Nahar Spg Mills
B
107.50
-8.74
JBM Auto
B
144.25
-8.41
K P Energy Ltd.
M
95.30
-7.92

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