Thursday, August 30, 2018

STOCK TRADING TIPS FOR 31 AUG 2018

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The benchmark indices ended flat on Thursday on expiry of August Futures and Options (F&O) contracts.The sentiment was also affected during the day after the rupee hit record low of Rs 70.82 against US dollar, making it the worst performing Asian currency.The S&P BSE Sensex ended at 38,690, down 33 points while the broader Nifty50 index settled at 11,677, down 15 points.Among sectoral indices, the Nifty Auto index settled nearly 0.5 per cent lower due to a fall in share prices of Maruti Suzuki and Eicher Motors. The Nifty Bank index, too, slipped over 0.4 per cent led by fall in shares of private banks -- RBL Bank, IndusInd Bank, and Yes BANK.

Bank. Shares of ITI surges 20% to Rs 112 on the BSE after the company said it has received an advance work order (AWO) worth of Rs 66.34 billon from BSNL.
Shares of Anil Ambani led Reliance Group (ADAG) companies were trading higher for the second straight day on the back of heavy volumes in an otherwise subdued market.
Reliance Infrastructure, Reliance Power and Reliance Capital were up in the range of 3% to 6% on the BSE. Reliance Home Finance, Reliance Communications and Reliance Nippon Life Asset Management, too, moved up 1% as compared to 0.11% decline in the S&P BSE Sensex.
TOP GAINERS:SUNPHARMA,GAIL,NTPC
MAJORLOOSERS:MARUTI,INDUSBANK,HINDPETRO

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