Stock market in India ended in deep red on Thursday ahead of key macro economic data to be released on Friday. Import & export data and April industrial production data are scheduled to be announced by the government tomorrow. Nifty closed with a loss of 69 points at 8,204, while BSE Sensex ended with a loss of 257 points at 26,763.
On the global front, Asian stocks closed on mixed note as weak. South Korean stocks declined after the Bank of Korea surprised markets by cutting its policy rate by 25bps to a record-low of 1.25%.
Financial markets in Hong Kong and China are closed today for a public holiday.
In Europe, the FTSE 100 was trading down 0.95%. DAX and the CAC 40 are down 1% respectively.
Pricol zoomed 9.3% to Rs.77.25. The company is targeting a 20-25% revenue growth in the next few years and eying to hit the Rs.3,000-crore revenue mark by 2020.
Eros International Media climbed 4.4% on BSE after its on-demand entertainment platform Eros Now inked a deal with Apple TV for showcasing its repository of Bollywood and regional language films and music videos across 80 countries.
Infosys dropped 4.3% to Rs.1,185 on BSE. Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance, according to reports.
Dr. Reddy’s slipped 2% to Rs.3071. Report says that US Consumer Product Safety Commission, has pleaded to the US Department of Justice , seeking civil penalty against the company.
Surya Roshni rallied 2.8% to Rs.161. The company has announced that a meeting of the Board of Directors of the Company has considered and approved the scheme of Amalgamation of Surya Global Steel Tubes Ltd with the company.
HCL Technologies gained 1.3% to Rs.753 after the company announced that it has signed partnerships with two leading automotive solution providers to expand its offerings for the fast-growing smart vehicle ecosystem. Working to enhance HCL’s existing Smart Mobility and Vehicle Engineering Services, alliances with Movement and Right ware will bring invaluable services to HCL’s clients, the company said in a statement.
Granules India climbed 1.7% to Rs.142.10 after the company has announced that it has entered into an agreement for product in-licensing.
Vipul soared 8.3% to Rs. 57. According to media report, the company has seen a good response to the launch of its new project, Aarohan, at Golf course Road, Gurgaon.
Tata Motors closed marginally higher to Rs.467 on BSE. The company reported a 10.3 % increase in global sales at 87,414 units, including that of Jaguar Land Rover (JLR) vehicles, in May.
USDINR trade today trading down 9 paise at 66.73 per US dollar.
Out of 1,327 stocks traded on the NSE, 692 declined and 575 advanced today.
Top 5 Nifty Gainers: BHEL (3.71%), Lupin Ltd (1.37%), NTPC (1.10%), Reliance Ind. (1.09%) and Adani Ports & Sez (0.97%).
Top 5 Nifty Losers: HDFC (-0.78%), Bharti Airtel (-0.71%), Tata Motors (-0.71%), ITC Ltd (-0.56%) and Asian Paints (-0.51%)
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