Tuesday, 8 May 2018

MARKET SUMMARY FOR 08 MAY 2018


Among the sectoral indices, bankes gained most at 1.32% followed by realty 1.06%, finance 0.44% and oil and gas 0.36%. Capital goods fell 0.85%, consumer durables 0.81%, teck 0.55% and IT 0.53%. MidCap was down 0.10%, while SmallCap gained 0.10%. ICICI Bank, SBI, Axis Bank and Power Grid,tcs were top gainers, whereas M&M, L&T, IndusInd, YES Bank and Infosys were among the major losers. PNB Housing Finance Ltd shares fell nearly 7 per cent to Rs 1,280. ICICI Bank shares rallied on hopes of improvement in asset quality.
The stock jumped as much as 7.7 per cent to 311. Shares of Jubilant FoodWorks hit new high of Rs 2,668 per share, up 2% bouncing back 5% from their intra-day low after the company reported more than 10-fold jump in net profit at Rs 681 million in March 2018 quarter (Q4FY18). It had profit of Rs 67 million in a year ago quarter. Godrej Properties hit a new high of Rs 917, up 8%, extending past two days' gain of 8% .
  

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