Thursday, 25 August 2016

Sensex, Nifty rangebound; ITC up 1%, Bharti & Adani Ports down

The market is rangebound but the Nifty is still above 8650. The 50-share index is up 23.90 points or 0.3 percent at 8674.20 and the Sensex is up 65.20 points or 0.2 percent at 28125.14. About 1214 shares have advanced, 612 shares declined, and 102 shares are unchanged. 

10:30 am Cement price hike: Cement demand seems to be rising in southern states where the cement has seen a hike in price by 12-15 percent per bag. In Andhra Pradesh and Telangana, cement prices have risen by Rs 30-40 per bag in last two days. This is clear indicator of rise in demand for cement in these regions. Brokerage houses are anticipating rise in demand for the cement sector in coming months on back of infrastructure push by the government and good monsoon. While prices have increased, its sustainability will be closely watched. Stocks that will come in focus post this include Sagar Cement , NCL Industries , Rain Industries and KCP .

Don't miss: Deutsche Bank downgrades Axis Bank, warns stress may remain high 

The market is rangebound but the Nifty is still above 8650. The 50-share index is up 23.90 points or 0.3 percent at 8674.20 and the Sensex is up 65.20 points or 0.2 percent at 28125.14. About 1214 shares have advanced, 612 shares declined, and 102 shares are unchanged.

ITC, Cipla, BHEL, Axis Bank, Dr Reddy's are top gainers while Adani Ports, Wipro, Infosys, Bharti Airtel and TCS are losers in the Sensex.

Meanwhile, there is some good news for aviation companies in India. Driven by a strong passenger traffic growth, India is poised to become one of the largest aviation markets in the world, according to a global body of airports. The Airports Council International (ACI) said that major commercial airports in China, India and Korea remained the major driving forces for the robust air passenger growth in the Asia-Pacific region. "India is also poised to be one of the largest aviation markets in the world in the years to come.
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3 comments:

Neha Agrawal said...

Sensex and nifty index enlisted large companies. Investment opportunity is higher for the traders of NSE and BSE. Traders should follow accurate tips to better invest in these index. Epic Research offers NSE and BSE tips.

BIGPROFITBUZZ said...

#Performance of the Day (25th Aug 2016)

#Equity Profit Buzz Performance (25th Aug 2016)
1. IGL (Profit Rs 7/share)
2. TATASTEEL (Profit Rs 10/Share)

#Derivative Profit Buzz Performance (25th Aug 2016)
1. IGL (Profit Rs 7700/Lot)
2. TATASTEEL (Profit Rs 20000/Lot)

#Nifty Profit Buzz Performance (25th Aug 2016)
1. BANKNIFTY (Profit Rs 4800/Lot)
2. NIFTY (Profit Rs 6375/Lot)

#Option Profit Buzz Performance (25th Aug 2016)
1. TATASTEEL 320PE Sept (Profit Rs 9000/Lot)

#Jackpot Profit Buzz Performance (25th Aug 2016)
1. AUROPHARMA (Profit Rs 10/Share & Rs 7000/Lot)

#Multi Profit Buzz Performance (25th Aug 2016)
1. IGL (Profit Rs 7/share & Rs 7700/Lot)
2. TATASTEEL (Profit Rs 10/Share & Rs 20000/Lot)
3. BANKNIFTY (Profit Rs 4800/Lot)
4. NIFTY (Profit Rs 6375/Lot)
5. TATASTEEL 320PE Sept (Profit Rs 9000/Lot)
www.bigprofitbuzz.com/

Aeldra Robinson said...

Above nifty and sensex updates are very important for investors point of view. Traders of stock market are willing to invest due to high returns. Follow best stock market tips recommended and trade better to fulfill your dreams and goals.

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