After being cautious for the past two trading sessions, stock market in India surged higher on Thursday tracking a strong upswing in the European equity markets as UK voters began to cast ballots on ‘Brexit’ referendum. The rally was sparked by buying in the banking, auto, Financials, industrial, pharma, consumer durables and oil & gas stocks. On the other hand, realty, telecom and power were among the major losers on BSE. Nifty closed with a gain of 67 points at 8,270, while BSE Sensex ended with gain of 237 points at 27,002.
On the global front, Asian markets closed on a mixed note. The Shanghai Composite index closed marginally lower. Hong Kong’s Hang Seng index and Nikkei 225 gained ended higher.
Reliance Communications rallied 4.2% to Rs.49.70 on BSE. It informed that ICRA Limited upgraded its outlook to Stable from negative on the Long Term rating ‘BBB+’ of the company. It has also reaffirmed rating of A2+ for Short-Term Fund Based / Non Fund Based Limits and Commercial Papers of the company.
Natco Pharma jumped 3.9% to Rs.549.60 on BSE. As per media reports, the pharma company received USFDA approval for Sorafenib Tablets.
DLF slipped 1.4% to Rs.138 on BSE. According to media reports, global investors have submitted expressions of interest for acquiring stake in realty firm DLF Ltd’s rental arm include sovereign wealth funds such as GIC, Abu Dhabi Investment Authority and private equity firm Blackstone Group Lp.
Green ply Industries slipped 1.4% to Rs.238. The board approved raising upto Rs.100 crore via issue of securities.
Shares of domestic air carrier Spice Jet closed 2.3% lower at Rs.64 on BSE despite the company said that it will soon announce the acquisition of 100 narrow-bodied aircraft in due course.
JSW Holdings rallied 13.5% to Rs.1309.50. The company experienced a spurt in volumes by more than 1,325 times.
Mandhana Industries plunged 10% to Rs.144.25 on BSE. The company announced that it was in the process of demerging the ‘Being Human’ retail business into a separate company – Mandhana Retail Ventures, as per reports.
Control Print gained 2% to Rs.286.20. The company said in a notice to BSE that it have been admitted to trade on National Stock Exchange of India Limited with effect from 24 June.
Thomas Cook India rose 4% to Rs.214.75. The stock gained for the third consecutive sessions.
USDINR trade today trading up 19 paise at 67.28 per US dollar.
Out of 1,385 stocks traded on the NSE, 822 declined and 502 advanced today.
Top 5 Nifty Gainers: There are no gainers.
Top 5 Nifty Losers: Tata Motors (-11.84%), Tata Steel Axis Bank (-9.08%), ICICI Bank (-6.85%), SBI (-5.82%) and L&T (-5.54%)
To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.