Monday, March 18, 2019

STOCK MARKET SUMMARY OF 18 MAR 2019


The last hour buying helped the market to end higher on Monday with Nifty finished above 11,450 level.At the close, the Sensex was up 70.75 points at 38095, while Nifty was up 35 points at 11462. About 1132 shares have advanced, 1545 shares declined, and 173 shares are unchanged. HPCL, IOC, Bajaj Finance, BPCL and JSW Steel were the top gainers on the Nifty, while losers include Maruti Suzuki, Hero Motocorp, Wipro, Bharti Airtel and HCL Tech.Among the sectors, IT and auto index remained under pressure throughout the day as they slipped 1 percent each, while some buying was seen in the metal, energy, FMCG and bank names.
BUZZING STOCKS
Shares of Lupin slipped 6 per cent to Rs 741 on the BSE in early morning trade in an otherwise strong market after the drug maker's Somerset facility was classified as Official Action Indicated (OAI) by the US health regulator. It was trading close to its 52-week low price of Rs 724 on May 15, 2018 in intra-day deal.

Mindtree surged as much as 2.38 per cent to Rs 968.55 in the early trade on Monday after the company announced it will consider share buyback plan on March 20 to fend off attempts by engineering major Larsen & Toubro (L&T) from making a hostile takeover bid

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