|
Script
|
S1
|
S2
|
S3
|
Pivot
|
R1
|
R2
|
R3
|
|
Nifty
|
9343
|
9324
|
9315
|
9352
|
9371
|
9380
|
9399
|
|
Banknifty
|
22249
|
22132
|
22061
|
22320
|
22437
|
22508
|
22625
|
Benchmark indices dropped into the downbeat area from optimistic
zone in mid-morning trade. At 11:15 IST, the gauge record, the S&P BSE
Sensex was fall 56.02 points or 0.19 Percent at 29,862.38. The Nifty 50 index was
fall 16.50 points or 0.18 Percent at 9,287.55. The Sensex was trading beneath
the mental 30,000 range in after hovering above that level till morning trade.
The Sensex and the Nifty dropped into the negative terrain in
the wake of floating in optimistic zone till morning trade as Markit
information on India's manufacturing area in April upset investors.
Markit Economics in an press release issued amid market hours
today, two May 2017, said that manufacturing conditions in India enhanced for
the 4th straight month in April. Be that as it may, the feature Nikkei India
Manufacturing Purchasing Managers' index (PMI) stayed unchanged at 52.5 in Apr
as in Mar.
Cement shares drooped. ACC (fall 2.65 Percent), Shree Cement
(fall 1.62 Percent) and UltraTech Cement (fall 1.42 Percent) edged fall. Grasim
Industries was gain 0.24 Percent. Grasim has exposure to cement division through
its holding in UltraTech Cement.
Shares in News
Ambuja Cements lost 3.46 Percent as merged operating profit
before interest, tax taxation, devaluation and amortization (EBITDA) fall 9.71
Percent to Rs 809 crore in first quarter(Q1) Mar 2017 over first quarter (Q1)
March 2016. Net earnings increased 38.04 Percent to Rs 396.96 crore on 6.83
Percent development in net sales to Rs 5631.90 crore in first quarter(Q1) March
2017 over first quarter (Q1) March 2016. The result was reported later exchange
hours on Friday, 28 Apr 2017. Local share market stayed shut on Monday, 1 May
2017, for a domestic holiday.
Dr Reddy's Laboratories said that the review of the
organization's formulations manufacturing plant 3 at Bachupally, Hyderabad by
the US FDA, has been closed on Friday, 28 Apr 2017. The organization was a Form
483 with 11 observations. These observations are for the most part procedural
in nature, reflecting the need to enhance people capacities and strengthen documentation
and laboratory systems. The organization would address them exhaustively inside
the stipulated time. This is for your information. The result was reported later
exchange hours on Friday, 28 Apr 2017. Local share markets stayed shut on
Monday, 1 May 2017, for a local holiday.
GAIL (India) has awarded contracts for pipeline laying works
of Kochi-Koottanad-Mangaluru pipeline for another 131 kilometer division at a
cost of roughly Rs 200 crore. The adjust 111 kilometers extend would be awarded
by July 2017. GAIL (India) is focusing to finish the whole project by Dec.
2018. The declaration was made on Monday, 1 May 2017, when the local share market
was shut for a domestic holiday.
Raymond's net earnings increased 10.97 Percent to Rs 37.54
crore on 1.64 Percent development in net deals to Rs 772.46 crore in first
quarter(Q1) March 2017 over first quarter (Q1) March 2016. The result was
declared later exchange hours on Friday, 28 Apr 2017. Local share market stayed
shut on Monday, 1 May 2017, for a local holiday.
Global Market News
On the macro front, the merged index of 8 core industries containing
almost 38 Percent of the heaviness of things incorporated into the Index of
Industrial Production (IIP) remained at 202.9 in March 2017, which was 5
Percent upper contrasted with the index of March 2016. The information was published
by the government yesterday, 1 May 2017.
Abroad, Asian shares were merged after resumption of trading
at main stock trades later being closed for a public holiday on Monday, 1 May
2017. US shares shut somewhat upper on Monday, 1 May 2017, shaking off remarks
from President Donald Trump about breaking up the huge banks.
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