Tuesday, 27 September 2016

NIFTY CLOSED THE SESSION ON A LOWER NOTE AMID WEAK EUROPEAN CUES

Sensex ended down 71 points to settle at 28,224 and the Nifty settled 17 points lower at 8,706. Markets closed the session on a lower note for the third straight day amid weak European cues and fall in crude oil prices. The Indian stock market ended in the red as indices extended losing streak to third consecutive trading session on Tuesday. The Nifty fell below 8,700 for the first time in 9 sessions.After starting off on a positive note markets remained subdued in the first half, however as the day progressed selling pressure accentuated. Weak global cues and profit booking weighed on the domestic markets. 8K Miles Software Services Ltd jumped 2.7%. 8K Miles Software has informed BSE that the Board of Directors of the Company has fixed October 13, 2016 as the record date for the purpose of ascertaining the eligibility of the shareholders entitled for stock split & free share issue. Yes Bank gained 1% after the bank raised Rs.330 crore (approximately $50 million equivalent) through the issue of 7-year Green Infrastructure Bonds to FMO, the Dutch Development Bank, on a private placement basis.
GLOBAL MARKET:
On the global front, Asian stocks closed mixed on Tuesday. Nikkei index and China’s Shanghai Composite ended marginally higher, while Hong Kong’s Hang Seng edged higher by 1%.In Europe, the FTSE 100 was trading marginally down. The CAC 40 and DAX dipped over 0.50% each.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Pioneer Distille
B
208.05
+ 19.98
Vishnu Chemicals
B
305.00
+ 19.98
Som Distilleries
B
207.90
+ 19.69
Indian Metal & F
B
238.45
+ 11.06
Deep Industries
B
231.85
+ 8.93
Ruby Mills
B
500.15
+ 8.23
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Sreeleathers Ltd.
B
135.25
-9.14
Maithan Alloys Ltd.
B
238.35
-5.98
Mahamaya Steel Indus
B
262.90
-4.99
MBL Infrastructures
B
97.80
-4.96
Alicon Castalloy
B
343.00
-4.66

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