On Friday, July 1, 2016, Shriram City was the most active stock on Bombay Stock Exchange after multiple block deals. Mahanagar Gas, L&T, Sun Pharma, ITC, SBI and Axis Bank were other most active shares on exchanges.
The Sensex closes up 145.19 points or 0.5 percent at 27144.91, and the Nifty was up 40.60 points or 0.5 percent at 8328.35. About 1559 shares have advanced, 1157 shares declined, and 139 shares are unchanged. ONGC, BHEL, L&T, GAIL and Dr Reddy’s were top gainers while TCS, Coal India, Adani Ports and HDFC were losers.
Continue Reading →
The selling pressure continued for second consecutive session on Friday, tracking weakness in global peers again and further profit booking in banks, auto, FMCG and metals stocks. The 30-share BSE Sensex fell 127.71 points to 26635.75 and the 50-share NSE Nifty slipped 33.55 points to 8170.05. The broader markets also caught in bears’ grip with the BSE Midcap and Smallcap indices falling 0.2-0.4 percent. Experts feel the consolidation may continue in near term and says any sharp fall will be buying opportunity as they are bullish on India.
Next week will be very important globally as Federal Reserve will be holding a two day meeting that will start on June 14. After the recent speech by Fed Chairperson Janet Yellen, experts believe that there won’t be a rate hike in June policy but the commentary will be key to watch out for.
Here are some picks from the week gone by.
Continue Reading →
