Indian Share Market Reviews 30 May

Script	S1	S2	S3	Pivot	R1	R2	R3
Nifty	9552	9500	9456	9596	9649	9692	9745
Banknifty	23029	22928	22753	23204	23306	23481	23582

 

Key benchmark indices traded with little picks up in morning trade after a touch of beginning unpredictability. At 10:17 IST, the indicator index, the S&P BSE Sensex was gain 39.04 points or 0.13 Percent at 31,148.32. The Nifty 50 record increase 1.45 points or 0.02 Percent at 9,606.35. Hopes of timely arrival of monsoon rains aided small gains on the bourses.  The Sensex increase 111.10 points or 0.35 Percent at the day's high of 31,220.38 in morning trade, a record high for the index. It lost 45.24 points or 0.14 Percent at the day's low of 31,064.04 in early trade. The Nifty increase 26.70 points or 0.27 Percent at the day's high of 9,631.60 in morning exchange. It lost 23.70 points or 0.24 Percent at 9,581.20 in early trade. 

Cement shares were mixed. ACC (fall 1.04 Percent), Ambuja Cements (fall 0.42 Percent) and Shree Cement (fall 0.28 Percent) edged fall. Grasim Industries (gain 1.12 Percent) and UltraTech Cement (gain 0.13 Percent) edged upper. 

Realty shares also witnessed a merged trend. Oberoi Realty (fall 2.66 Percent), HDIL (fall 0.88 Percent), D B Realty (fall 0.61 Percent), Unitech (fall 0.57 Percent) and Godrej Properties (fall 0.29 Percent) fall. Indiabulls Real Estate (gain 1.01 Percent), Prestige Estates Projects (gain 0.55 Percent), Sobha (gain 0.37 Percent) and DLF (gain 0.34 Percent) edged upper. 

Shares to Watch

Hindalco Industries and Mahindra & Mahindra would unveil their fourth quarter (Q4) results today, 30 May 2017. 

Larsen and Toubro (L&T's) earnings after tax increase 29.5 Percent to Rs 3025 crore on 12 Percent expansion in gross revenue to Rs 36828 crore in fourth quarter(Q4) March 2017 over fourth quarter (Q4) March 2016. The result was reported later exchange hours yesterday, 29 May 2017. 

L&T said it successfully won new orders worth Rs 142995 crore at the gathering level amid the year closed 31 March 2017 notwithstanding a testing business environment. The global orders amid the year at Rs 41507 crore constituted 29 Percent of the entire order inflow. Order wins in infrastructure section, hydrocarbon and overwhelming engineering sections added to the order flow amid the year. 

Aurobindo Pharma's merged net earnings drop 4.01 Percent to Rs 532.22 crore on 2.64 Percent decrease in entire income to Rs 3682.41 crore in fourth quarter(Q4) March 2017 over fourth quarter (Q4) March 2016. The result was reported later exchange hours yesterday, 29 May 2017. 

Power Grid Corporation of India's (PGCIL) net earnings increase 22.17 Percent to Rs 1916.36 crore on 17.87 Percent growth in entire income to Rs 7054.45 crore in fourth quarter(Q4) March 2017 over fourth quarter (Q4) March 2016. The result was reported later exchange hours yesterday, 29 May 2017. 

BPCL's net earnings drop 13 Percent to Rs 1841.68 crore on 31 Percent development in net deals to Rs 57036.48 crore in fourth quarter(Q4) March 2017 over fourth quarter (Q4) March 2016. The result was declared later exchange hours yesterday, 29 May 2017. 

Coal India's net earnings drop 38.25 Percent to Rs 2716.09 crore on 8.35 Percent expansion in entire income to Rs 26635.97 crore in fourth quarter(Q4) March 2017 over fourth quarter (Q4) March 2016. The result was reported later exchange hours yesterday, 29 May 2017. 

Bhel's net earnings fall 57.38 Percent to Rs 215.55 crore on 5.8 Percent drop in entire income to Rs 9833.40 crore in fourth quarter (Q4) March 2017 over fourth quarter (Q4) March 2016. The result was declared later exchange hours yesterday, 29 May 2017. 

Jubilant FoodWorks' net earnings drop 75.9 Percent to Rs 6.72 crore on 0.8 Percent decline in net deals to Rs 612.78 crore in fourth quarter (Q4) March 2017 over fourth quarter (Q4) March 2016. The declaration was made later exchange hours yesterday, 29 May 2017. 

Global Market Reviews

Abroad, Asian shares saw a mix movement. Markets in Hong Kong and China were shut for an public holiday. US share markets were closed yesterday, 29 May 2017 for Memorial Day holiday.