In the last trading day of the week, Nifty share price closed at 8,831.55 on NSE. The benchmark Index of NSE closed in the red zone of the graph, 0.58 per cent below the previous closing. The index traded in a narrow range of 60 points approximately.
On the other hand S&P BSE SENSEX slipped by 0.36 per cent or 104.91 points to 28,668.22.
The biggest gainers in today’s trading session are Reliance, Dr Reddys, TCS, HCL Tech, HDFC etc.
1. The Makers and Breakers of the Market Today
In the last trading day of the week, Nifty share price closed at 8,831.55 on NSE. The benchmark
Index of NSE closed in the red zone of the graph, 0.58 per cent below the previous closing. The
index traded in a narrow range of 60 points approximately.
On the other hand S&P
BSE SENSEX slipped by
0.36 per cent or 104.91
points to 28,668.22.
The biggest gainers in
today’s trading session
are Reliance, Dr
Reddys, TCS, HCL Tech,
HDFC etc.
Reliance share price
made a new 52 week
high of Rs 1,109.45. It
closed at Rs 1,102.80,
up by 1.16 per cent. A total of 71,05,725 shares of the Company have been traded on NSE
amounting to a total amount of Rs 78,182.87 lacs. Dr Reddys share price closed 0.97 per cent above
the previous day close at Rs 3,182.20 apiece on NSE. 1,55,117 shares of the Company have
exchanged hands on the counter of NSE aggregating to a total value of Rs 4,918.99 lacs. TCS share
price closed at Rs 2,398.10, up by 0.93 per cent.
3. Axis Bank share price dipped by more than 5 per cent to close at Rs 557.45 was down on
speculation of SUUTI stake sale in the bank.
ACC share price closed at Rs 1,617.00, 3.17 per cent below the previous closing. A total of 2,68,908
shares of the Company have exchanged hands on the counter of NSE.
Other Market Movers
L&T Technology share price opened at Rs 920 on the National Stock Exchange (NSE) today, against
an issue price of Rs 860 apiece, at a premium of around 7 per cent.
Morepen Lab share price rose 6 per cent to Rs 26.25 on reports that the company may sell its over-
the-counter brands to focus on active pharmaceutical ingredient and home diagnostics business as
growth drivers.
Majesco share price are up nearly 3 per cent to Rs 484 after the company announced that it has
entered into an agreement with Glemham which is a UK based managing general agent, to create a
new cloud based bureau processing business.
All in all we saw a very range bound movement from Nifty. The banking stock did not show
significant recovery by the end of the day. As the nearest contract closes its end date (29th
September 2016), it will be interesting to see how the market reacts once it opens after the
weekend on Monday.
4. Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the
research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making
investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
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Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research
Analyst/ his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other
benefits from the subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Article Written by
Nabarupa Kanjilal