Friday, May 24, 2019

MARKET SUMMARY OF 27-05-19


The benchmark indices ending Friday's session at record closing highs, after investors' optimism was boosted by Narendra  Modi-led National Democratic Alliance return to power the previous day. While the gains were across the board, bank stocks and financials made the highest contribution to the indices' rise.The broader Nifty50 index rose 187 points to settle at 11,844. About 1823 shares advanced, while 676 declined, and 150 shares remained unchanged on the NSE.
BUZZING STOCKS Shares of JMC Projects (India) surged 15 per cent to Rs 136 apiece in the opening trade on the BSE on Friday after the company secured new orders worth of Rs 616 crore for residential and commercial projects in South India. KEI Industries traded higher for the fifth straight day, up 5.6 per cent at Rs 491.95 on the BSE on Friday, after the company reported a strong operational performance in the March quarter . 

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