The Indian equity market closed with modest gain son Friday (17th June 2016) a mid a choppy session. In dices managed to clock in marginal gains tracking positive global cues. The realty, auto, telecom and FMCG stocks were the top gainers followed by metal, finance and IT stocks. On the other hand, health care, capital goods and oil & gas stocks were under pressure. Nifty closed with again of 29 points at 8,170, while BSE Sensex ended with a gain of 100 points at 26,626.
On the global front, Asian markets closed in green. The Shanghai Composite index closed marginally higher. Hong Kong’s Hang Seng index and Nikkei 225 gained 1% each.
European markets were trading higher. The FTSE 100 was trading up 1.4%. DAX and the CAC 40 were trading higher 1.2% each.
GOCL Corporation jumped 8.4% to Rs.173 after the company bagged an order worth Rs. 127.71 crores.
Axiscades Engineering Technologies soared 2% to Rs.260 after the company said it has decided to establish its wholly owned subsidiary in Germany.
United Breweries (Holdings) tumbled 3.6% to Rs.21.45. The company said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs,1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case, as per media reports.
V-Guard Industries zoomed 5.3% to Rs.1,392 on BSE. The company informed BSE that the Board of Directors of the company at its meeting held on June 16, 2016, considered and approved the proposal for splitting of equity shares of the company, subject to the approval of the shareholders in respect thereof, in the 20th Annual General Meeting of the Company.
Carborundum Universal dropped 2% to Rs.215 on BSE. Reserve Bank on Thursday(16th June 2016)allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit.
Ujaas Energy gained 1.3% to Rs.24 on BSE. The company received an order for “Designing, Engineering, Procurement & Supply, Construction & Erection, Testing & Commissioning and Comprehensive Operation & Maintenance for 10 years of 3MW (AC) Solar PV Power Plant on Turnkey Basis in UP.
A total of 50 stocks registered a fresh 52-week high in trades today, whereas 23 stocks touched a new 52-week low on the NSE.
USDINR trade today trading down two paise at 67.19 per US dollar.
Out of 1,480 stocks traded on the NSE, 742 declined and 673 advanced today.
Top 5 Nifty Gainers: L&T (1.70%), TCS (1.30%), Bharti Airtel (1.21%), Infosys Ltd (1.21%) and Wipro (0.91%).
Top 5 Nifty Losers: Axis Bank (-1.20%), Lupin Ltd (-1.05%), Asian Paints (-0.71%), SBI (-0.52%) and Sun Pharma (-0.44%)
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