Author: Nilesh Mishra

19 May Closing Update- Sensex settles with small gains, FMCG stocks gained

The last trading day witnessed a divergent trend as the BSE index, Sensex settled with small gains whereas the NSE Nifty settled a bit lower. The Sensex, rose 30.13 points or 0.1% at 30,464.92,. The Nifty index was off 1.55 points or 0.02% at 9,427.90, Gains triggered by stable global stocks and reports of the GST Council finalizing rates for most goods were mostly offset by profit booking. SBI rose 1.9 percent after net profit rose 122.72 percent to Rs 2,814.82 Cr, on 7.83 percent increase in total income to Rs 57,720.10 crore in Q4 FY17 year-on-year. FMCG stocks gained on hopes the new GST ...
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18 May Markets snap record-setting trend: Sensex open 100 points on weak global cues

Key benchmark indices opened lower following weak global cues as concerns over Donald Trump's administration spooked investors sentiment. At 10.20 am, the S&P BSE Sensex, was down 146.27 points or 0.48% at 30,512.50, while the Nifty-50 index was down 63.75 points or 0.67% at 9,462.00. The BSE MidCap index was down 1.08% and the SmallCap index was down 0.95%. As for buzzing stocks, TCS, Wipro Ltd and HDFC gained on BSE Sensex, while Dr Reddy's Laboratories, ICICI Bank, Axis bank and Adani Ports lost the most on the index. HUL fell about 0.3 percent even though the company has posted a 6...
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Shares of Kotak Mahindra Bank in Focus ahead of its QIP issue

Kotak Mahindra Bank has recently approved a QIP issue (Qualified institutional placements) at a price of Rs 913.24, per share, to raise the fund of about Rs 5600.00 Cores. The stock is the top gainer touching the fresh 52-week high of Rs 980.5% during the first half of today’s trading session. It is trading at above the crucial volume weighted average (VWA) price of Rs 970.66 per share, attracting the traded volume of 13,95,041 shares with traded value of Rs 135.41 Crore. In past seven trading sessions, Kotak Mahindra stock has witnessed more than 60% of deliverable quantity as with reference ...
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Oil stable on expectations of extended OPEC-led production cut

In consequence of the expectations by traders over the Organization of the Petroleum Exporting Countries-led production cut, oil prices stayed still on Friday, 12 May 2017. The US crude inventories skid to their lowest levels since February 2017. The International Brent crude futures figured at USD 50.78 per barrel in the early trade on Friday, which was nearly unchanged from their previous close. Reportedly, the Countries like Russia, Saudi Arabia, Iraq and Algeria, along with the OPEC have pledged to slash output by 1.8 million barrels bpd during the first half of the year. OPEC and the o...
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