Sensex closes 22 points and the Nifty rose 19 points, metal stocks climbed
Amid mixed global cues third business day of the week on Wednesday, the stock market closed with a slight edge. Sensex rose 22 points to close at 27 257 points, while the Nifty closed at 8417 up 16 points.
MCX HNI Tips
Top 5 stocks rise
Wednesday's trading in Nifty 50 stocks rose the fastest of UltraTech Cement. UltraTech Cement's stock closed up 3.66 percent. BHEL 3.63 per cent, Hindalco 3.57 per cent, Tata Steel 3.24 per cent and 2.19 per cent, Aurobindo Pharma rose up happened.
Technically now 8435 is the next logical target and now 8319 would be the crucial support to work with
The Nifty opened with a bull gap and traded up to close in the green seeing the high at 8417.
Technically the trend is still up as long as 8367 holds but we are now heading to our logical technical target and strong resistance of 8435. I would like to see how Nifty negotiates 8435 if I have to modify the targets to 8558.
The support for the Nifty is at 8367-8319 and the resistance is at 8435.
IndusInd Bank's net profit in the third quarter was 29.2 per cent to Rs 750.6 crore. IndusInd Bank's net profit in the same period last year was Rs 581 crore. Showing the effect of an increase in profit on bank stocks. IndusInd Bank stock in the course of business increased by 5 per cent. Share Market TipsCurrently IndusInd Bank's stock is trading at Rs 1218.-
Thus, IndusInd Bank's stock rose 5%, 29% profit increase
Interest income increased by 34.5 per cent
34.5 per cent increase in interest income in the third quarter of IndusInd bank rose to Rs 1578.4 crore. IndusInd Bank in the third quarter of fiscal 2016, interest income was Rs 1173.4 crore.
NPAs of the bank rose –
October-December quarter, up from 0.90 percent gross NPA IndusInd Bank 0.94 per cent. IndusInd Bank's net NPAs increased to 0.37 percent, while 0.39 per cent.
If we look at the NPAs of Rs IndusInd Bank, in the third quarter, the bank's gross NPA to Rs 971.6 crore from Rs 899 crore.
IndusInd Bank's net NPA in the October-December quarter from Rs 369.2 crore to 400.7 crore.
The bank's deposits increased by 38 per cent
38 per cent of the total deposits in the third quarter IndusInd Bank Rs 1.19 lakh crore.
The last trading day of 2016, the stock market is in a shopping environment. So keep an eye on the movement of stocks you can secure your investment. Investment Advisory Company present 5 stocks which are in news
Aiteedisi- ITDC is scheduled to be listed on the NSE today
Aurobindo Pharma company from USFDA for generic Munjri got two.
Fainenshiyl- India India Financial Credit Suisse Neutral on
T Fainens- Harsh Mariwala L & T will buy 46,000 shares
Shriram Tronsport- private investment of Rs 75 crore through NCD distributed
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