Tuesday, 28 February 2017

NIFTY END MARGINALLY LOWER AS INVESTORS EYE Q3 GDP DATA

The Sensex settled the day at 28,743, down 70 points, while the broader Nifty ended at 8,880, down 17 points. From the outcome of ongoing assembly polls, especially in Uttar Pradesh (UP), to the statements from the US Federal Reserve, March 2017 is full of events that may prove to be a trigger for the markets. Since December 2016 low, the markets have gained steady ground, with indices the Sensex and the Nifty indices rallying up to 12% each. The up move in the mid-and small-cap segment has been sharper, with their respective gaining nearly 18%. Jindal Stainless was up 9% to Rs 60, extending its 6% gain in past two trading sessions. Tata Teleservices Maharashtra (TTML), TRF, Tata Metaliks and Tata Sponge from Tata Group have rallied between 5% and 20% on the BSE.
GLOBAL MARKET:
Asian shares lost their grip on Tuesday but were still on track for a winning month, bolstered by gains on Wall Street as investors awaited a speech by US President Donald Trump for signals on tax reform and infrastructure spending.European shares edged higher on Tuesday after encouraging earnings releases. The pan-European STOXX 600 index was up 0.1%, while Britain's FTSE was flat.Japan's Nikkei stock index pared its gains but still ended up 0.1%, up 0.4% for February and nearly flat for the year to date, as investors awaited Trump.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Lincoln Pharmace
B
244.40
+ 19.95
Adhunik Industries
B
122.05
+ 14.33
TRF Ltd
B
211.40
+ 14.27
Aurionpro Solutions
B
128.50
+ 12.47
Agarwal Industrial C
B
456.60
+ 9.67
Kothari Products
B
198.75
+ 8.58
IVP
B
134.40
+ 7.87
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Merck Ltd.
B
1,020.00
-6.65
TTK Healthcare Ltd.
B
805.00
-5.53
Sreeleathers Ltd.
B
148.50
-5.17
Coral India Finance
B
136.00
-5.16
Supreme Infrastructu
B
99.00
-4.26

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