Monday, 23 November 2015

Nifty Ends Tad Below 7850, Sensex flat; ITC, Hindalco fall


Free Nifty Tips - Equity benchmarks trimmed losses. The BSE Sensex fell 25.80 points to 25842.69 and the NSE Nifty declined 1.40 points to 7855.15. About 1440 shares have advanced, 1128 shares declined, and 184 shares are unchanged on the BSE.
 
Shares of Brigade Enterprises gained 6.4 percent intraday on launch of real estate project Plumeria at Brigade Meadows in Bangalore. Plumeria at Brigade Meadows, a part of 60 acre integrated enclave, offers 2 & 3 bedroom luxury homes with sizes ranging from 1110 to 1630 square feet, the company said in its filing. The company expects revenue of Rs 450-500 crore from this project.
 
The market extended losses in afternoon trade with the Sensex falling 90.57 points to 25777.92 and the Nifty down 23.05 points to 7833.50. The broader markets continued to outperform benchmarks as the BSE Midcap and Smallcap indices gained 0.3-0.5 percent. Asian Paints and Adani Ports rallied 2 percent each as the Bombay Stock Exchange will add both stocks to Sensex with effect from December 21. Vedanta and Hindalco Industries, which will be removed from the index, fell 3 percent and 4 percent, respectively. The market breadth remained positive as about 1366 shares advanced against 1144 declining shares on the BSE.


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