Sintex Plastics Technology shares up 5% on listing day, Money Maker Research

Shares of Sintex Plastics Technology focus the Exchanges today subsequent on its demerger from Sintex Industries Ltd. The shares were trading up by more than 5 percent on listing day. After the demerging, Sintex Industries to carry the Textile & Spinning business and Sintex Plastics Technology to carry plastics business. The share-holding pattern of Sintex Plastics reflects the shareholding pattern of Sintex Industries, with more than 30 percent equity stake owned by the promoters.

The Shares of Sintex Industries had advanced by more than 7 percent yesterday, 7 August 2017, prior to the listing of Sintex Plastics Technology. The equity shares of Sintex Plastics Technology are set to trade in this sector for 10 trading days. The stock was trading at Rs 124.5 on NSE, today morning.

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Market settles with modest gains amid volatility, Nifty ends at 10,070

Trading for the weekend finished on a positive note with the indices settling with modest gains after a volatile and range bound session of trade. The BSE Sensex gained 87.53 points or 0.27% at 32,325.41, while the NSE Nifty index rose 52.75 points or 0.53% at 10,066.40.  Caution continued in global stocks ahead of US nonfarm payroll data for July, which falls presentation later in the global day.
The BSE MidCap rose 0.66 percent outperforming the Sensex, whereas the BSE SmallCap index gained 0.1 percent, underperforming the Sensex.  About 1385 shares declined and 1,200 shares advanced and a total of 173 shares were unchanged on BSE.
Buzzing stocks are - IOC surged 9%, overtaking ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and Bharti Airtel.  Mahindra & Mahindra declined 0.2 percent after its net profit fell 9 percent to Rs 859 crore on 3.74 percent rise in gross revenue to Rs 23,212 crore in first quarter June 2017 y-o-y.

03 Aug Closing Bell: Sensex and Nifty extend losses on grim sentiment, Reliance shares hit a new high

Indian share Markets extended its loss on Thursday closing after continuous selling pressure in metal and banking stocks. BSE Sensex closed lower by 239 points, or 0.74%, to 32,238, while the Nifty 50 fell 68 points to 10,014 points.

The BSE Mid-Cap index fell 0.5 percent and the BSE Small-Cap index shed 0.95 percent. The fall in this index was higher than the Sensex's decline in percentage terms.

The market breadth showed weakness. About 1,793 shares declined and 827 shares advanced and a total of 153 shares unchanged. Reliance shares ended at new record closing high of Rs 1,655, up 1.6% after hitting an intraday peak of Rs 1,665.

Metal stocks declined after weak economic data in China. Jindal Steel & Power down 10.02%, Bhushan Steel slipped 3.65%, Vedanta shed 0.48% and Tata Steel down 1.4% among others.