Gold Silver Reports (GSR) – Hathway Cable Snaps 5-Day Losing Streak, Surges Over 8% – Shares of the Mumbai-based digital cable TV service provider snapped its 5-day losing streak, rising 8.3 percent to Rs 35.20. In the last five trading sessions, the stock fell as much as 20 percent after it saw a slew of large block deals in the course of last five trading sessions.
Stock Price
Shaily Engineering Stock Surges To Record High After HDFC MF Buys Stake
Gold Silver Reports (GSR) – Shaily Engineering Surges To Record High After HDFC MF Buys Stake – Shares of the Gujarat-based plastic products maker rose as much as 8 percent to record high of Rs 1,510 after HDFC Mutual Fund bought stake in the company. HDFC Mutual Fund bought 99,134 shares or 1.2 percent equity at Rs 1,300 each, according to data available on the stock exchanges.
Reliance Naval & Engineering Falls The Most In Over Five Years; Jindal Stainless Falls After Profit Declines In March Quarter
Gold Silver Reports (GSR) – Reliance Naval & Engineering Falls The Most In Over Five Years – Shares of the defence equipment maker fell as much as 19.3 percent to Rs 18.4, the most since July 2012 after company auditors raised doubts over its ability to “continue as a going concern.”
Emami Gains After Board Plans To Consider Bonus Issue
Gold Silver Reports (GSR) – Emami Gains After Board Plans To Consider Bonus Issue – Shares of the healthcare product maker rose as much as 7.3 percent, the most in over three months to Rs 1,204. The company said in a stock exchange filing that it plans to consider bonus shares and a dividend at a board meeting on May 3.
Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint
Gold Silver Reports (GSR) – Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint – Shares of the information technology company fell as much as 4.6 percent to Rs 274, after weak March quarter earnings missed estimates widely.
Sensex, Nifty Struggle; HDFC Twins Weigh
Gold Silver Reports (GSR) – Sensex, Nifty Struggle; HDFC Twins Weigh – Indian equity benchmarks were struggling dragged down by HDFC twins and ICICI Bank. However, the losses were capped as IT shares rose tracking weakness in Indian rupee against the U.S. dollar. The S&P BSE Sensex was trading 0.14 percent lower at 34,563 and the NSE Nifty 50 index fell 0.2 percent to 10,590.
T Index Rises Over 1.5% Tracking Rupee Weakness
Gold Silver Reports (GSR) – IT Index Rises Over 1.5% Tracking Rupee Weakness – Shares of IT companies were trading higher tracking weakness in Indian rupee against the U.S. dollar. Gauge of IT companies on the NSE — Nifty IT index rose 1.57 percent.
Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing
Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.5 percent to 10,554 as of 7:20 a.m. Asian stocks had a mixed start Monday, with investors continuing to assess the outlook for trade discussions and geopolitical tensions. Equity benchmarks rose in Sydney, while those in Tokyo and Seoul were little changed.
Jinesh Gopani, Head of Equities At Axis Mutual Fund
Jinesh Gopani, Head of Equities At Axis Mutual Fund
📌 Big events like upcoming elections are the key to look for in markets.
📌 Good monsoon to aid rural sector, increasing bets on same.
📌 Have added technology, consumer and private sector banks to the portfolio
IT Shares Rise A Day Ahead Of Infosys Q4 Earnings
Gold Silver Reports (GSR) – IT Shares Rise A Day Ahead Of Infosys Q4 Earnings – Shares of information technology (IT) companies were trading higher a day ahead of January-March quarter and full financial year 2017-18 earnings of Infosys.