Benchmark
indices ended lower for the fourth consecutive session, dragged by pharma,
metals, auto stocks, HDFC twins and Reliance Industries.
The
30-share BSE Sensex was down 232.17 points at 34,616.13 and the 50-share NSE
Nifty fell 79.70 points to 10,516.70.
Sun
Pharma, Cipla, Dr Reddy's Labs, Tata Motors, Tata Steel, HUL and Titan Company
declined up to 5 percent while SBI, ICICI Bank and TCS gained up to 2.5
percent.
Nifty
Midcap was down more than 300 points. About four shares declined for every
share rising on the NSE.
Jet
Airways, BEML, REC, Adani Power, LIC Housing Finance, Glenmark Pharma, Ashok
Leyland, Amara Raja Batteries, Kitex Garments and Strides Shasun fell up to 20
percent.
Canara
Bank, Union Bank, IDBI Bank and Balrampur Chini gained up to 7 percent.
HEADLINES OF THE DAY
Shares of Petronet LNG
lost a little over 7 percent as the net profit fell over a percent at Rs 522.7
crore.
Shares of DB Corp gained
over 5 percent during the day as the firm will be considering a buyback issue
on May 26.
Infibeam Incorporation
acquires 100% stake in Dubai company.
CCL Products share price
fell 2 percent despite decent earnings for the quarter ended March 2018.
Colgate Palmolive has
reported a 32.4 percent increase year-on-year in March quarter profit at Rs
188.8 crore against profit at Rs 142.6 crore.
Kitchen appliances maker
TTK Prestige has reported a 32.4 percent decline year-on-year in profit at Rs
37.4 crore for the January-March quarter.
UPCOMING RESULTS: - BOSCH, L&T TECHNOLOGIES, DR REDDYS LAB, SYMPHONY, BATA INDIA, BATA
FORGE, CIPLA, DHANUKA AGRITEC, VIP INDUSTRIES, SONATA, HPCL, SBI, KOICL, IOC,
ALL CARGO.
For more update you can contact us :
CapitalStars Financial Research Forex trading tips stock market tips Share Tips Expert
Get free trial Click here: http://www.capitalstars.com/free-trial
Get free trial Click here: http://www.capitalstars.com/free-trial
www.capitalstars.com |T:+91-9977499927 , 07316690000
www.capitalstars.com |T:+91-9977499927 , 07316690000
0 Comments