Wednesday, 6 January 2016

Sensex cracks 300 pts, Nifty opens below 7700 on China rout -- 7 Jan 2015

Top twelve stocks that are likely to be in focus today: 

RIL Ltd

Deepak Nitrite Ltd

Indiabulls Wholesale Services & Jai Balaji Industries Ltd 

Corporation Bank

United Breweries Ltd

Transwarranty Finance Ltd

Technofab Engineering Ltd

NBCC Ltd

McNally Bharat Ltd

Lupin Ltd

Kalpataru Power Transmission Ltd

Fortis Healthcare Ltd


                                             
The market has opened sharply lower on Thursday on global correction post China turmoil. The 30-share BSE Sensex fell 321.31 points or 1.26 percent to 25085.02 and the 50-share NSE Nifty declined 99.55 points or 1.29 percent to 7641.45. Tata Motors, Hindalco Industries, Adani Ports, Tata Steel, Axis Bank, Vedanta and Adani Ports plunged 3-4 percent.

The 30-share index was trading at 25,097, down 309 points or 1.2 per cent. It touched a high of 25,230.35 and a low of 25,072.39 in morning trade. 

The Nifty50 was at 7,644 down 96 points or 1.2 per cent. It touched a high of 7,674.95 and a low of 7,635.50 in the first 30 minutes of trade.

The S&P BSE Midcap Index was down 1.07 per cent and BSE S&P Smallcap Index was trading 1.44 per cent lower. 

GAIL (up 0.6 per cent), Lupin (up 0.45 per cent), and Asian Paints  .. (up 0.07 per cent) were the major Sensex gainers. 

Tata Motors (down 3.6 per cent), Tata Steel (down 3.04 per cent), Adani Ports (2.4 per cent), and Axis Bank (down 2.3 per cent) were among the major Sensex losers. 

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