Thursday, June 28, 2018

MARKET SUMMARY OF 28 JUN 2018


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The markets ended lower on Thursday, the last day of expiry of futures & options contracts for the June series. Sentiment was a also impacted by firm crude oil prices and the rupee that hit a record of over 69 to the US dollar. The S&P BSE Sensex ended at 35,038, down 179 points, while the Nifty50 index settled at 10,589, down 82 points.Among sectoral indices, the Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Punjab National Bank, Bank of India and Syndicate Bank. The Nifty and the Sensex slipped into the red this Thursday afternoon with the Nifty down 49 points at 10,622 and the Sensex is trading lower by 89 points at 35,127.Over 350 stocks have hit fresh 52-week year low including names like Adani Power, Amtek Auto,
Andhra Bank,  Bank of Baroda, Bank of India, Bharat Electronics, BEML, Bharat Heavy Electricals, Ceat, Cummins India, Dena Bank, GATI, GE T&D, Grasim Industries, HCC, HCL Infosystems, Indiabulls Real Estate, IDFC Bank, India Cements, Indian Overseas Bank, India Oil Corporation, Jet Airways, JK Tyre, JK Lakshmi Cements, KRBL, Kwality, Motherson Sumi Systems, NTPC, PTC India Financial, Power Grid, PTC India, Rallis India, SREI Infra, Suzlon Energy, Syndicate Bank, Tata  Power, Tata Motors, Union Bank of India and UPL among others.Despite the Nifty midcap index down 1 percent, individual names are buzzing led CG Power, Petronet LNG, Power Finance Corporation and Strides Shasun among others.With the rupee hitting record low in the opening trade, IT stocks including Infosys added over 1 percent followed by Wipro and HCL Technologies.
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TOP GAINERS: C G POWER,JP ASSOSIATES,TORENT POWER
MAJORLOOSERS: TCS,HDFC,ICICIBANK

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