Market Snap 31 st March 2018

Transcription

1 Weekly ary Market Snap 31 st March 2018 BROKING INVESTMENT BANKING l RESEARCH DISTRIBUTION l DEPOSITORY Index Previous Close Open High Low Close Change Change (%) Sensex % Nifty % Indices shut the small week with modest gains. Indian equity benchmark ended on a positive note in the week ended 30 th March, 2018; on positive global cues as trade war fears eased after reports of possible trade negotiations between the US and China. Key indices fell in one out of three sessions of the week. The S&P BSE Sensex up points or 1.14% to settle at in the week ended 30 th March The CNX Nifty up points or 1.16% to settle at The BSE Mid Cap index rose points or 1.71% to settle at The BSE Small Cap Index rose points or 1.15% to settle at Both the indices have outperformed the Sensex in percentage terms. Trading for the week started on a strong note. Key indices settled with heavy gains on Monday, 26 March 2018, on tracking firmness in global cues; Sensex advanced points or 1.44% to settle at 33, Key indices registered small gains on Tuesday, 27 March 2018, amid easing trade war fears between the US and China; Sensex up points or 0.33% to settle at 33, Key indices registered modest losses on Wednesday, 28 March 2018, Weakness in global stocks weighed on sentiment on the domestic bourses; Sensex lost points or 0.62% to settle at 32, Meanwhile the stock market remains shut on Thursday, 29 March 2018 for Mahavir Jayanti and on Friday, 30 March 2018 on account of Good Friday. Consumer Dur Sector Bajaj Electricals Titan Company SYMPHONY VIP Industries Rajesh Exports Whirlpool Blue Star TTK Prestige PC Jeweller The S&P Consumer Durables index ended at up by points or by 2.88%. Bajaj Electricals, Titan Company, SYMPHONY and VIP Industries were among the major gainers in the week rising 06-02%. Most active (by Value) Most active (by Qty) Name Qty( 000) Pr. Vol. FORTIS TITAN CANBK JUBLFOOD IDBI Name Qty( 000) Pr. Vol. JPASSOCIAT RCOM FORTIS SUZLON IDBI Top gainers Name Closing Price Previous close %change PGEL NIITLTD DEN JKTYRE PNBHOUSING Top losers Name Closing Price Previous close %change KWALITY TALWALKARS UNICHEMLAB VAKRANGEE FORTIS For Private Circulation Only 1 Hem Research

2 Capital Goods Sector Alstom Crompton Greaves Lakshmi Machinery SKF LT Carborundum Sadbhav BEL Va Tech Bag The S&P Capital Goods index ended at up by points or by 2.39%. Alstom, Crompton Greaves, Lakshmi Machine and SKF were among the major gainers in the week rising 08%-04%. Bank Sector Bank Of Baroda SBI Yes Bank HDFC Bank Indusind Bank PNB Axis Bank ICICI Bank Kotak Bank The S&P Bank index ended at up by points or by 2.58%. Bank Of Baroda, SBI, Yes Bank and HDFC Bank were among the major gainers in the week rising 07%-02%. For Private Circulation Only 2 Hem Research

3 Corporate News: Alkem Laboratories announced that the USFDA had conducted an inspection at the company's manufacturing facility located at Amaliya, Daman from 19 March 2018 to 27 March Post the inspection, the company has received a Form 483 with thirteen observations. Avanti Feeds announced that commercial production of the additional capacity of 1,75,000 MT of shrimp feed plant at Bandapuram, West Godavari District, Andhra Pradesh was commenced on 19 March Bhansali Engineering Polymers announced it was sanctioned working capital credit facilities amounting to Rs crore, comprised of fund based credit facilities, non fund based credit facilities and credit conversion factor on exclusive basis from Allahabad bank, IFB Branch, Mumbai. Bodal Chemicals announced that expansion/ upgradation of the manufacturing facilities has been successfully completed and production has started at Unit VII of the company, situated at Village Dudhwada, Taluka Padra, District Vadodara, Gujarat. The company has completed expansion of dyestuff plant by 12,000 metric tonne per annum (MTPA). After the expansion, the total capacity of dyestuff plants of the company stands at 29,000 MTPA, excluding liquid dyestuff. The company also completed upgradation of utility section including establishment of cogeneration power plant of 5 megawatts (MW). Indoco Remedies announced that United Kingdom - The Medicines and Healthcare Products Regulatory Agency (UK-MHRA) inspected the company's drug manufacturing facility Plant I, Goa from 14 March 2018 to 16 March Tejas Networks announced that it has received a new purchase order of Rs 336 crore from BSNL for expansion of BharatNet, the world's largest rural broadband project. Lupin announced the launch of its Carbidopa Tablets 25mg having received an approval from the United States Food and Drug Administration (FDA) earlier. Lupin's Carbidopa Tablets, 25mg is the generic equivalent of Aton Pharma, Inc.'s Lodosyn Tablets, 25 mg. It is indicated for use with carbidopa-ievodopa or with levodopa in the treatment of the symptoms of idiopathic Parkinson's disease (paralysis agitans), postencephalitic parkinsonism, and symptomatic parkinsonism, which may follow injury to the nervous system by carbon monoxide intoxication and/or manganese intoxication. For Private Circulation Only 3 Hem Research

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