Mar 29

Daily Market Commentary : 29th March 2017

Today Indian share markets finished the trading day on a positive note.

NSE Nifty closed at 9143 levels, up by 43 points or 0.4%, while BSE Sensex closed at 29,531 levels, up by 121 points or 0.4%.

Bharti Infratel share price rallied 5.4% after a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB) bought 10.3% stake in tower infrastructure firm from open market. The consideration from stake sale is Rs 68.1 billion.

Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.19% and the Nikkei 225 rose 0.08%. The Shanghai Composite lost 0.36%. European markets are higher today with shares in Germany leading the region. The DAX is up 0.56% while France’s CAC 40 is up 0.25% and London’s FTSE 100 is up 0.03%.

While, BSE Mid-cap Index closed up 0.31% at 13930 whereas, BSE Small-cap Index closed up 0.31% at 14196.

UCAL Fuel Systems limited closed at Rs 218 per share, up by Rs 36 per or 19%

Nutraplus India Limited closed at Rs 24 per share, up by Rs 4 or nearly 19%.

Kolte-Patil Developers Limited closed at Rs 189 per share, up by Rs 27 or 17%.

Shalimar Paints Limited closed at Rs 171 per share, up by Rs 19 per share or 13%.

There were 597 advances, 824 declines and 351 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 64.90 per US dollar.

Top 5 Nifty Gainers: INFRATEL(6.07%), SBIN (2.34%), ICICI BANK (1.91%), HCLTECH (1.64%) and HINDALCO (1.53%).

Top 5 Nifty Losers: HERO MOTO CO. (-2.68%), SUN PHARMA (-1.80%), AURO PHARMA (-1.33%), GRASIM. (-0.91%) and TATAMTRDVR (-0.82%)

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