Nifty ends flat after choppy trade, IT, Pharma stocks fall, Lupin top Nifty loser

India Infoline News Service | Mumbai | June 16, 2017 15:52 IST

NSE Nifty closed at 9588 up by 10 points, whereas BSE Sensex closed lower by 19 points at 31056.

NSE Building
NSE Nifty closed at 9588 up by 10 points, whereas BSE Sensex closed lower by 19 points at 31056.
 
BSE Mid-cap index closed higher by 0.17% at 14807. BSE Small-cap index closed higher by 0.14% at 15667. India VIX closed lower by 3.6% at 10.9 level.
 
Tata Motors DVR, Kotak Mahindra Bank, ACC, UltraTech Cement and Tata Motors are the top Nifty gainers, whereas Lupin, Sun Pharma, Cipla, Wipro and Indiabulls Housing Finance are the top Nifty losers.
 
Offshore stocks surged during Friday’s session and traded in green throughout the day. GOL Offshore was the top gainer among the offshore stocks. It closed at Rs 15.50 per share, up by 19.9%. Dolphin Offshore Enterprises closed up by 11.3% at Rs 101.05 per share, Aban Offshore closed up by 11.6% at Rs 194.20 per share and Jindal Drilling Industries closed higher by 11.8% at Rs 158.7    0 per share.
 
The BSE Healthcare was the top losing index at the closing hours on Friday. Sun Pharma and Lupin together contributed significantly for the index losses. Sun Pharma closed down by 2.6% at Rs 530 per share and Lupin also closed down by 4.2% at Rs 1132.90 per share. Other stocks such as Cipla, Dr. Reddy’s Laboratories, Cadila Healthcare and Divi’s Labs also incurred losses.
 
Information technology stocks also slipped on Friday’s trading session. Infosys was responsible for the major losses of BSE IT index. Infosys closed at Rs 937 per share, down by 1.6%. Other IT stocks viz. TCS closed down by 0.6% at Rs 2395 per share, Wipro closed down by 2.4% at Rs 254.50 per share and HCL Tech closed down by 1% at Rs 836.85 per share.
 
At the closing hour, Bank Nifty, HDFC Bank and Kotak Mahindra Bank witnessed sharp surge on the bourses. HDFC Bank closed up by 0.5% at Rs 1670.65 per share and Kotak Mahindra Bank also closed up by 2% at Rs 984.90 per share.
 
Movers and Shakers of the day:
 
Aban Offshore closed higher by 11.6% at Rs 194.20 per share.
 
Aptech closed higher by 10.4% at Rs 231.30 per share.
 
L&T Finance Holdings closed higher by 4.1% at Rs 146.90 per share.
 
Rajesh Exports closed higher by 3.1% at Rs 688.50 per share.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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