Tuesday, January 22, 2019

MARKET SUMMARY 22 JAN 19


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Today's market session ended in the negative territory as concerns about global economic slowdown weighed on investor sentiment.from, selling in counters such as metals, financials and auto also dragged the market lower. The Sensex down 134 points to settle at 36,445, with Sun Pharma up 4.54 % being the top gainer and Vedanta down nearly 4 % the worst performer. On NSE, the Nifty  dropped 39 points to close the session at 10,923. Sun Pharma shares rallied as much as 6.12 % in the intra-day trade after the company made a series of clarifications and changes in its filing to the bourses. The stock, eventualy, ended at Rs 418.05.Shares of Ashok Leyland continued under pressure, hitting a 20-month low of Rs 86.55, on concerns of a slowdown in vehicle sales. The stock ended the day at Rs 88 apiece, down nearly 3 % .Shares of Havells India surged 6 % to Rs 720 apiece on the BSE after the company reported a better-than-expected consolidated net profit at Rs 196 crore, on the back of strong revenue growth, in December quarter. The company had a profit of Rs 194 crore in year-ago quarter. We expect the Indian equities to remain volatile with downward bias till the budget.but, any positive surprise from the December 2018 quarterly earnings may not allow the market to witness any major correction.

1 comment:

  1. Nice blog. Thanks for sharing this useful information about Stock Market.

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