Wednesday, 27 December 2017

SENSEX FALLS 99 PTS; NIFTY BELOW 10,500

The Sensex and Nifty retreated from record highs hit earlier in the day due to profit-booking by funds and retail investors in recent outperformers amid firm global cues. The Sensex ended the session down by 98.80 points or 0.29 percent at 33,911, after earlier rising as much as 0.37 percent to a record high of 34,137. Similarly, Nifty closed lower by 40.75 points or 0.39 percent at 10,491, after earlier climbing as much as 0.20 percent to an all-time high of 10,566.Shares of Reliance Communications rallied 25 percent in Wednesday's trade as the company has unveiled a plan to exit its ongoing strategic debt restructuring exercise and reduce its debt by 87 percent to about 6,000 crores. Sun Pharmaceutical Industries climbed 6.89 percent to Rs 577. Divi's Laboratories, Dhunseri Petrochem, Graphite India, Jindal Steel & Power, Kalpataru Power Transmission, Larsen & Toubro, Minda Corporation, PC Jeweller, Steel Authority of India (SAIL), Wockhardt and Zydus Wellness also joined the bandwagon of stocks that hit fresh 52-week highs today
GLOBAL MARKET:
China's blue-chip CSI300 index was down 1.54 percent. The Shanghai Composite index was down 30.73 points or 0.93 percent at 3,275.40, marking their biggest loss in two weeks amid signs of slowing economic growth and year-end liquidity tightness, Reuters reported 
TOP GAINERS:
Company
Group
Current Price
% Change
Foseco India Lim
B
2,174.15
+ 20.00
Nahar Capital & Fina
B
220.40
+ 19.33
Mangalam Drugs
B
214.00
+ 14.84
Sandesh
B
1,448.90
+ 11.60
Sreeleathers Ltd.
B
302.05
+ 10.00
Godawari Power & Isp
B
361.20
+ 9.99
3M India Ltd.
B
19,111.00
+ 9.93
Orient Press Ltd
B
212.60
+ 8.52
TOP LOSERS:
Company
Group
Current Price
% Change
Asian Hotels (North)
B
172.20
-8.16
KIOCL
B
375.30
-6.95
Kirloskar Oil Engine
B
386.40
-6.81
63 Moons Technologie
B
118.35
-6.81
Aurionpro Solutions
B
211.55
-6.29
Binani Industrie
B
133.05
-6.27
Welspun Enterprises
B
165.15
-5.95

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