Mid market commentary July 12
DSIJ Intelligence / 12 Jul 2016
Indian stock markets witnessed positive trend on Tuesday. Both Nifty and Sensex are firmly up by 0.30 per cent and 0.31 per cent respectively. All sectoral indices are in green except Capital Goods and Healthcare.
Indian stock markets witnessed positive trend on Tuesday. Both Nifty and Sensex are firmly up by 0.30 per cent and 0.31 per cent respectively. All sectoral indices are in green except Capital Goods and Healthcare. Meanwhile, IT and FMCG sectoral indices are also trading under pressure.
Asian markets also opened higher after strong US jobs data. Nikkei 225 has increased by 2.46 per cent and Hang Seng remains up by 0.97 per cent. Europe too opened on a positive note. CAC 40 increased by 0.53 per cent and DAX also rose by 0.42 per cent. The FTSE is trading flat.
Market bias slightly positive with 1192 advances and 1301 declines. SmallCap increased 0.14 per cent. Midcap too rose by 0.56 per cent. National Aluminium Company (NALCO) increased by 8.81 per cent on bourses in early trades and is trading at Rs 47.3 on an intraday basis.
Nifty top gainers: Hindalco, ICICI Bank, Tata Steel, Maruti Suzuki, Grasim increased by 4.84 per cent, 2.58 per cent 2.20 per cent, 2.11 per cent and 2.02 per cent respectively.
Nifty top losers: BHEL, Coal India, Tata Power, Aurobindo Pharma, Cipla declined by 1.65 per cent, 1.46 per cent, 1.36 per cent, 1.26 per cent and 1.19 per cent respectively.
Stocks to watch:
IndusInd Bank: IndusInd Bank has opened IFSC banking unit at Gujarat International Finance Tec-city (GIFT) city. The opening of IFSC Banking Unit at GIFT city is for meeting the requirement of offshore banking operations from India.
Surana Solar: According to Surana Solar’s management, the company is keen on expanding to Europe and expecting 50 per cent of its revenue from exports. Its share price will be watched out for rest of the trading session.
Coal India: Coal India to buy back 10.89 crore shares worth Rs 3650 crore at price of Rs 335 per equity shares. The share price of the company will be in focus on Tuesday.
Cairn India: Cairn India is demanding USD 5.6 billion in compensation from India for unlawful tax demand. The share price rose by 3 per cent on bourses; and is trading at Rs 154.3 on an intraday basis.
Walchandnagar Industries: CARE Ratings revises Walchandnagar Industries’ debt to default. The rating agency has revised the company’s long-term and short-term facilities worth Rs 1397 crore to default. The share price will be watched out for rest of the trading session.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.