Monday, August 27, 2018

MARKET SUMMARRY 27 AUG 2018


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Benchmark indices ended at all-time closing high on Monday, the ninth time this month, following positive global cues and boosted by gains in bank stocks including ICICI Bank and SBI. The August series futures and options expiry on Thursday may lead to some volatility in the market. The S&P BSE Sensex ended the day at an all-time closing high of 38,694, up 442 points while the broader Nifty50 index settled at a new closing high of 11,691, up 135 points. In intraday deals, the broader Nifty50 index climbed over 1.5 per cent to hit 11,700 for the first time ever, while the S&P BSE Sensex also hit a record, rising over 1 per cent to 38,736.88 Shares of Future Group companies have rallied by up to 14% on the BSE after the media reported that Google, Paytm Mall may team up to shop for Future Retail stake.Future Retail has surged nearly 8% to Rs 558 in intra-day trade on back of heavy volumes. The trading volumes jumped more than three-times with a combined 3.35 million shares changed hands on the counter on the BSE and NSE till 03:02 pm.The Company evaluates various possibilities, including in relation to business association with third parties, which is always a subject matter of further feasibility studies and the need for requisite consents in accordance to the applicable laws. At present, since there has been no such decision taken by the Board of Directors of the Company there is no disclosure obligation that would have otherwise triggered Future Retail said in a BSE filing on clarification on news report.
TOP GAINERS:HINDALCO,TECHM,BHARTIARTL
MAJORLOOSERS: SUNPHARMA,BAJAFIN,DR REDDY


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