Wednesday 23 May 2018

Stock Market Trading Tips-Sensex sheds 306 pts, Nifty ends below 10,500 on weaker rupee

Benchmark indices after yesterday's breather resumed selling pressure again, with the Sensex losing more than 300 points on weaker rupee and global weakness.
The 30-share BSE Sensex was down 306.33 points or 0.88 percent at 34,344.91 and the 50-share NSE Nifty fell 106.30 points or 1.01 percent to 10,430.40.

About three shares declined for every two shares rising on the BSE.
Nifty Midcap index fell over 100 points.
Ceat, PFC, MRPL, REC, Balrampur Chini Mills, SAIL, Motherson Sumi, JSPL, GMR Infrastructure and Union Bank declined up to 7 percent.
Kolte-Patil Developers gained 2.5 percent despite 6.2 percent fall in its Q4FY18 net profit at Rs 31.8 crore, while revenue was up 5 percent at Rs 222.5 crore.
Operating profit or EBITDA was down 17 percent at Rs 45.4 crore and margin was at 20.4 percent.
At 15:18 hrs Kolte-Patil Developers was quoting at Rs 307.25, up Rs 5.65, or 1.87 percent.
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