#SGXNifty : 10280.00 (up by 101.45 points as compared to Nifty future's close price 10178.55 at NSEIndia) To find all business/stocks related books posted on this twitter handle
India’s Nifty has rallied 35% from March lows vs S&P 46% point surge from the same period but in last 11 days Nifty has surged 14% vs S&P 8%, there is a clear reversal of underperformance vs developed markets which is visible, this is backed by a variety of factors.
Teacher Retirement System of Texas sold 161,12,980 shares of Jaiprakash Associates at Rs 1.45 a share. DSP Blackrock Mutual Fund sold 7,53,027 shares in Pennar Industries at Rs 16.17 a share.
This seems to be the closed season for keeping companies open to public scrutiny. The list of businesses seeking to de-list — Vedanta, Adani Power and Hexaware Technologies — could further swell until valuations recover from multi-year lows for several industries.
Global GDP tracker’s 2.3% drop in May shows worst is over (via @DanHanson41 & @TomOrlik)
Stocks that flash 'buy' signals Around 82 stocks gave bullish signals as they crossed above the signal line on the MACD indicator. They included Crisil, Indoco Remedies, PI Industries, Ramky Infrastrcuture, TTK Healthcare among others.
61 stocks fall to 52-week lows As many as 61 stocks hit 52-week lows. These included Rajesh Exports, Orient Press, 7NR Retail, Genus Prime Infra among others.
60 stocks log 52-week highs A total of 60 stocks scaled 52-week highs on the BSE. These included Reliance Industries, Balaji Telefilms, Biocon Birla Tyres, Cipla, Marksans Pharma, Sun Pharma, and Torrent Power among others.
Telcos on an upswing Peer Bharti Airtel rose 2.05 per cent after Jefferies said the stock may rise 50-100 per cent over the next three years on a revenue boom in India’s telecommunications sector.
Broader market outperforms Among midcaps, NBCC and Aditya Birla Retail rose 17.06 per cent and 11 per cent. respectively. In the smallcap pack, a host of stocks such as BF Investment, Andhra Paper, AlphaGeo, Taj GVK, and Hexware Technologies jumped 20 per cent each.
Banks return to the forefront BSE Bankex rose 2.73 per cent, but was still down more than 34 per cent for the year to date. On Friday, among leading private lenders HDFC Bank rose 3.14 per cent, ICICI Bank 2.70 per cent and Axis Bank 2.81 per cent.
Long buildup in Tata Motors, PVR, SBI, UBL and Torrent Power while marginal shorts were seen in IGL, Mindtree, Marico, Aurobino Pharma and TCS.
Market News Trending Companies
|Usha Martin Ltd||28.30||0.17%|
|Garden Reach Shipbuilders & Engineers Limited||205.05||-2.70%|
|Carborundum Universal Ltd||329.45||1.79%|
|Karnataka Bank Ltd||74.20||1.15%|
|Relaxo Footwears Ltd||629.40||1.31%|
|Jindal Stainless Ltd||39.30||-1.02%|
|Zen Technologies Ltd||60.85||7.42%|
|TVS Electronics Ltd||112.05||2.89%|
|Ashok Leyland Ltd||83.70||-0.36%|
|End of day prices|