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|Sensex, Nifty end in the red; Sun Pharma, Adani Ports top losers|
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Friday, April 21, 2017 | 09:21 IST
STOCKS TO LOOKOUT FOR
Wipro sacked 600 employees post performance appraisal
Tata Steel board has given its approval for issuing debt securities worth up to Rs 9,000 crore to meet working capital requirements and general corporate purposes.
US FDA finds incomplete lab records at Sun Pharma's Dadra plant.
Asian markets rose on the back of strong US earnings and US tax reform.
The euro retreated from a three-week high as jitters returned over French presidential elections on Sunday after a shooting in Paris.
Wall Street indexes closed between 0.75 percent and 0.9 percent higher on rising expectations for first-quarter corporate profits.
Sensex ends the day at 29,365.30, down 57.09 points while the Nifty50 settles the day at 9,119.40, down 17.00 points.
HDFC, Reliance, NTPC were the top gainers on the BSE Sensex adding as much as 2.59 per cent, 2.38 per cent and 2.83 per cent respectively.
On the NSE Nifty Index, Bharti Infratel was the top gainer.
Sun Pharma (down 2.65 per cent), Adani Ports (down 1.85 per cent) and CIPLA (down 1.84 per cent) on the BSE Sensex
Sun Pharma (down 2.45 per cent), Bank of Baroda (down 2.09 per cent) and Adani Ports (down 1.87 per cent)
HDFC Bank reported an 18.2 per cent growth in net profit at Rs 3,990 crore for the March quarter.
Twenty-two stocks trade in the red as Sensex slips 60 points.
Sun Pharma, ITC and CIPLA are top losers.
Indian markets reverse morning gains to plunge in the red.
Sensex falls 75 points to trade at 29,346 while the Nifty50 was trading at 9,113.60, down 22.80 points.
Tata Power today said it has signed an agreement with Ajmer Vidyut Vitran Nigam Ltd (AVVNL) for electricity distribution in Ajmer for 20 years.
Tata Power signed the Distribution Franchise Agreement (DFA) with AVVNL to cater to power requirements of customers in Ajmer for a period of 20 years, Tata Power said in a regulatory filing.
Subsequent to winning the bid for distribution franchise of Ajmer circle, Tata Power has formed a special purpose company (SPC), TP Ajmer Distribution Ltd.
Tata Power CEO and MD Anil Sardana said: "We welcome all our customers in Ajmer to a world class reliable power experience that is backed by best-in-class customer service."
The SPC will be operating and maintaining the distribution network in the Ajmer city, which includes city division 1 and 2 areas, and would also be responsible for managing the billing and collections, it said.
Shares of Tata Power were trading at Rs 84.50, up 0.42 per cent on BSE.
Shares of Mawana Sugar Ltd rose 2.76 per cent on the Sensex.
Another UP based company called Triveni Engineering & Industries Ltd that operates a sugar refinery in bahadurgarh district saw a rise in stock price.
Shares of Triveni were trading 2.90 per cent on the Sensex.
Shares of Dwarikesh Sugar Industries Ltd rose 2.99 per cent on the 30-share index.
Jain Irrigation Systems has bagged a Rs 569-crore contract from Karnataka government for Poorigali Integrated Micro Irrigation Project.
The company has been awarded the Poorigali Integrated Micro Irrigation Project by Cauvery Neeravari Nigam Ltd, Government of Karnataka through National competitive bidding, Jain Irrigation Systems said in a BSE filing today.
The project is based on the concept of 'resource to root' aimed at providing more healthy crops to farmers.
It will cover 25,317 acres of farm area spread over 51 villages in Karnataka.
Shares of Jain Irrigation Systems were trading 0.88 per cent higher at Rs 68.55 apiece on BSE today.
Larsen & Toubro has signed a contract with South Korea's Hanwha Techwin (HTW) for the supply of self propelled guns for the Indian army.
Larsen was the sole qualified bidder based on the trials and performance of the K9 VAJRA-T gun, customised by L&T with HTW as the technology partner.
Shares of L&T were trading 0.53 per cent higher at Rs 1,690 apiece on BSE
Reliance Industries Ltd gained the most on the BSE Sensex, rising 2.71 per cent.
NTPC and ONGC gain over 1 per cent to trade among the top gainers on the 30-share Index.
CIPLA and Sun Pharma were the top laggards on the Index falling 1.56 per cent and 1.82 per cent respectively.
Market gains are in-line with global markets with Midcap stocks.
Jain Irrigation bags a Rs 570 cr order from Karnataka government, reports CNBC TV 18.
The stock is up 1.05 per cent
Jay Bharat Maruti stocks gains for the fifth day, rising 11.66 per cent.
BSE Midcap gainers were led by Sun TV, gaining 2.81 per cent and Aditya Birla Fashion and Retail Ltd, gaining 2.17 per cent.
Gains on the BSE were led by Reliance, up 1.65 per cent, GAIL, up 1.28 per cent and Axis Bank, up 0.88 per cent.
On the NSE Index, Gains were led by Bharti Infratel while Grasim was the top loser, shedding 1.38 per cent.
The S&P BSE Sensex was trading at 29,528.22, soaring 105.83 points while the Nifty50 was trading at 9,173.65, 37.25 points higher.
Indian benchmark indices open in the green with Bharti Infratel leading the pack on the NSE.
Tech Mahindra among other tech stocks were trading higher.
Sun Pharma was trading 1.5 per cent lower after US FDA inspection at its Dadra plant.
The Midcap Index is up 6 per cent with a positive bias.
Sugar stocks are trading higher after UP CM Yogi Adityanath promised reforms for the industry.
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