Thursday, April 25, 2019

STOCK MOVE OF 25 APR 2019


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Late selling pressure pulled Nifty50 sharply lower on the day of F&O expiry of April derivative contracts and rising crude oil prices. In April series, however, the index gained 0.62 percent.The index closed below 11,700 levels on April 25 dragged by banking & financials, FMCG and auto stocks, and formed bearish candle.Nifty index, which traded in wider range of 11,620 to 11,800 zones on its April monthly expiry day, could stabilize around 11,600 levels in coming sessions, but if it breaks 11,564 there could be sharp selling pressure. In broader market, BUZZING STOCKS UltraTech Cement ended the day at Rs 4,622.30, a 5.14 per cent gain, after the company reported strong performance in the March quarter. The stock also hit its new all-time high of Rs 4,686.30.  Six companies - Reliance Industries, HCL Technologies, Titan Company, Bajaj Finserv, UltraTech Cement, and UPL - from the Nifty50 index hit their respective fresh record highs on the National Stock Exchange  on Thursday. The stock of Maruti Suzuki ended the day 2.23 per cent lower at Rs 6,868.05 after the company reported a net profit of Rs 1,795.6 crore for the March quarter of financial year 2018-19 , down 4.6 per cent on year-on-year  basis. 

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