4:30 PM: Sensex, Nifty retreat but midcap gains;
FMCG rises, IT dips
Share Market tips, Indian share Market Tips, Stock Tips ,NSE Tips, Intraday Tips, Jackpot Tips, Commodity Tips
Equity
benchmarks on Tuesday retreated from record closing high seen in previous
session but the broader markets outperformed with the BSE Midcap and Smallcap
indices rising 0.5 percent and 0.3 percent, respectively.
There is
enough risk appetite among investors for small and midcap shares even after the
recent rally.
Overall
it was a consolidation day with a negative bias due to profit booking. The
30-share BSE Sensex fell 54.53 points to close at 27265.32 while the Nifty
stayed above the 8150 level, down 20.95 points at 8152.95.
Capital
goods, realty, technology, oil & gas and two-wheeler stocks saw selling
pressure while the support was seen from FMCG, power and Tata group stocks.
Shares of
ICICI Bank, Infosys, L&T, ONGC, Hero Motocorp, Bajaj Auto and Wipro were
prominent losers in the Sensex, down 1-1.5 percent.
However,
FMCG majors ITC and Hindustan Unilever gained 1.3 percent and 0.6 percent,
respectively.
Jindal Steel and Coal India gained 1-2 percent
ahead of SC hearing that announced after market hours. Supreme Court reserved
its order in coal block allocation case but has not given any date to pass the
order. Steel and power producers sought for appointments of Judicial Committee for
fact findings. However, Hindalco and Sesa Sterlite declined 0.7 percent each.
Tata
Motors, the owner of Jaguar Land Rover, climbed 1.3 percent after JLR last
night launched the new Jaguar XE targeting the entry level premium segment.
Drug
maker Cipla was up 2 percent on announcement of a commercial collaboration with
UK-based S&D Pharma to enter Czech Republic and Slovakia.
In the
broader space, Ashok Leyland shot up 5.44 percent on bagging orders (for 4000
buses) worth Rs 1,500 crore from state transport undertakings while Sadbhav
Engineering surged 8 percent on board approval for fund raising upto Rs 250
crore. Both stocks touched record high of Rs 41.30 and Rs 233.90, respectively.
Punj
Lloyd gained another 8 percent, in addition to 10 percent upside in previous
session after getting Rs 3,515 crore order from Petronas’ subsidiary in
Malaysia.
Advancers
beat decliners on the Bombay Stock Exchange by a ratio of 1668 to 1341.
India share market is growing day by day and i think this is free nifty tips like share market !
ReplyDeleteThe dollar has scaled back from near 14-year highs of 102.05 hit on Nov. 24 on the back of a surge in U.S. Treasury yields triggered by expectations of higher fiscal impulse and faster pace of monetary tightening under president-elect Donald Trump. capitalstars
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