Sunday, 7 June 2015
Thursday, 4 June 2015
Wednesday, 3 June 2015
Sensex, Nifty, Midcap weak; Axis Bank, Infosys, Wipro gain
The market remained marginally under pressure due to selling
in FMCG, metals and power stocks. Private sector lender ICICI Bank topped the
selling list on Sensex, down 2.4 percent.
The 30-share BSE Sensex fell 44.14 points to 26793.06 and
the 50-share NSE Nifty declined 13.60 points to 8121.50. The BSE Midcap and
Smallcap indices slipped around 0.4 percent each.
About 742 shares have advanced, 942 shares declined, and 111
shares are unchanged on the Bombay Stock Exchange.
Commercial vehicle maker Tata Motors extended its losses,
down nearly 2 percent followed by further weakness in ITC, Sun Pharma, ONGC,
HUL, Hero Motocorp, Hindalco, Vedanta, Tata Steel and NTPC with loss of 0.8-2
percent.
However, Infosys gained 1 percent. Angel Broking said
reports suggested that Infosys is said to be confident of beating Nasscom's
guidance for FY2016 (which is expected to be USD Y-o-Y growth of 12-14 percent)
on back of improved percentage of deals won in the last 10-12 weeks. The
brokerage has maintained its buy rating with a price target of Rs 2,630.
Axis Bank rose 1 percent too after RBI said FIIs can invest
in bank as shareholding is below threshold limit. Wipro was up 1 percent.
Nestle India slips over 6% after Delhi govt, Indian Army ban Maggi
Nestle India Ltd slipped as much as 6.3 per cent in trade on
Thursday, after the Delhi government imposed a 15-day ban on Nestle's Maggi
noodles even as other state governments await test results.
Shares of Nestle India plunged 9 per cent on the Bombay
Stock Exchange on Wednesday, its biggest drop in a day in nine years. The stock
has plunged over 14 per cent in the month of June, and nearly 7 per cent so far
in the calendar year 2015.
Nestle India hit a low of Rs 5800.10 and a high of Rs 5960
in trade today on BSE.
The Indian Army, meanwhile, advised its soldiers to avoid
the stuff if they could. In a separate report, Nestle India has courted fresh
trouble after a preliminary test by a Tamil Nadu agency of a sample of their
milk powder allegedly found live larvae in it.
The Drug Administration Department (food safety wing) tested
the NAN PRO3 milk powder, bought by a cab driver and the initial report by one
of its food analysts found live larvae in the sample, PTI reported.
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