Thursday 2 June 2016

Nifty struggles to hold 8150; ITC, HUL, Asian Paints laggards

Share prices of Bank of Maharashtra rose 4 percent intraday Thursday as it has decided to raise capital through FPO/Rights issue/QIP etc., upto Rs 1000 crore, subject to the necessary approvals. The company has posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to rise in bad loans.

The market is still slipping away as the Nifty is struggling to hold 8150. The 50-share index is down 17.70 points or 0.2 percent while the Sensex is down 49.18 points or 0.2 percent at 26664.75.

Coal India, Hero MotoCorp, Tata Motors, Bharti Airtel and Infosys are gainers while HUL, ITC, Asian Paints, Wipro and Lupin are losers in the Sensex. Oil prices were flat as investors awaited the outcome of an OPEC meeting later in the day in Vienna.

BUY ENGINEERS INDIA FUTURE ABOVE 190 TG 195, 203 SL 185,



1 comments:

  1. The Indian rupee on Thursday rallied against its US counterpart amid sustained selling of the dollar from banks and exporters, while strength in the country’s equity market also supported the local currency. Sample calls of epic research available on twitter.

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