Indian Share Market Reviews 26 May

Script	S1	S2	S3	Pivot	R1	R2	R3
Nifty	9419	9329	9280	9468	9558	9608	9698
Banknifty	22640	22280	22055	22865	23224	23449	23809

 

Key benchmark records extended picks up and strike new intraday high in mid-morning trade. At 11:18 IST, the gauge index, the S&P BSE Sensex, was gain 121.67 points or 0.40 Percent at 30,871.70. The Nifty 50 index was gain 32.25 points, or 0.34 Percent, at 9,542. 

The Sensex and the Nifty, both, strike their record high levels in mid-morning exchange. The Sensex increased 183.18 points, or 0.60 Percent at the day's high of 30,933.21 in mid-morning trade, its record high level. The index drop 4.46 points or 0.01 Percent at the day's low of 30,745.57 in early exchange. The Nifty increase 52.35 points, or 0.55 Percent at the day's high of 9,562.10 in mid-morning exchange, its record abnormal state. The record drop 14.35 points, or 0.15 Percent at the day's low of 9,495.40 in early exchange. 

Telecom shares were in demand. Bharti Airtel (gain 2.84 Percent), Tata Teleservices (Maharashtra) (gain 1.63 Percent), Reliance Communications (gain 0.96 Percent), MTNL (gain 0.89 Percent) and Idea Cellular (gain 0.69 Percent), edged upper. 

Telecom tower infrastructure provider Bharti Infratel was gain 0.08 Percent to Rs 373.65. 

IT Stocks were merged. MphasiS (gain 1.40 Percent), Wipro (gain 1.04 Percent), Hexaware Technologies (gain 0.89 Percent), Infosys (gain 0.80 Percent) and HCL Technologies (gain 0.12 Percent), edged upper. Oracle Financial Services Software (fall 0.37 Percent), Persistent Systems (fall 0.38 Percent), TCS (fall 0.61 Percent), MindTree (fall 0.74 Percent) and Tech Mahindra (fall 0.77 Percent), edged down. 

Shares in News

Glenmark Pharmaceuticals in 1.23 Percent after the organization said that Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food and Drug Administration (USFDA) for Olmesartan Medoxomil Tablets, 5 mg, 20 mg and 40 mg, the generic version form of Benicar Tablets, 5 mg, 20 mg and 40 mg, of Daiichi Sankyo, Inc. The declaration was made before market hours today, 26 May 2017. 

Manappuram Finance increased 4.51 Percent after merged net earnings spurted 53.5 Percent to Rs 200.58 crore on 38.1 Percent expansion entire income to Rs 905.50 crore in fourth quarter(Q4) March 2017 over fourth quarter (Q4) March 2016. The result was reported after the market yesterday, 25 May 2017. 

Cipla noted merged net loss of Rs 61.79 crore in fourth quarter (Q4) March 2017 compared and loss of Rs 92.83 crore in fourth quarter (Q4) March 2016. Entire income increased 6.84 Percent to Rs 3604.79 crore in fourth quarter (Q4) March 2017 over fourth quarter (Q4) March 2016. The result was reported later exchange hours yesterday, 25 May 2017. 

ITC, Tech Mahindra and Sun Pharmaceutical Industries would declare fourth quarter (Q4) results today, 26 May 2017. 

Tata Power Renewable Energy, an entirely owned subsidiary of Tata Power organization has effectively issued Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of Rs 500 crore on private placement premise. The declaration was made later exchange hours yesterday, 25 May 2017. 

Infosys and HP Inc. yesterday, 25 May 2017 released joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions for help businesses quicken digital transformation as a feature of the HP Global System Integrator (GSI) Alliance Program. The declaration was made later exchange hours yesterday, 25 May 2017. 

Mphasis and DXC Technology reported new solution partner relationship to tranform and modernize enterprise applications for public and hybrid cloud. The declaration was made before market hours today, 26 May 2017. 

Global Market Reviews

Abroad, Asian stocks were marged as a drop in crude costs spoiled worldwide risk appetite. In the worldwide commodities markets, Brent crude oil futures drop overnight as the Organization of the Petroleum Exporting Countries (OPEC) expanded the production reduce, however was silent on a long time plan.Brent for July 2017 settlement was fall 26 cents at $51.20 a barrel. The agreement drop $2.50 a barrel or 4.63 Percent to settle at $51.46 a barrel in the past trading session. 

Opec chose yesterday, 25 May 2017, in Austria to expand reduces in oil output by 9 months to March 2018, delegates stated, as the producer group fights a worldwide overabundance of crude oil subsequent to seeing costs halve and revenues fall pointedly in the previous 3 years.