The BSE Sensex settled 0.7%, or 220 points lower, at 29,706 and the NSE Nifty fell 0.7%, or 63 points, to close at 9,198. Both indices gained 0.3% this week.
Maruti Suzuki's market cap is now at Rs 191,500 crore, and it has replaced Indian Oil Corporation in the top-ten list.
United Spirits fell 5.76 per cent to close at Rs 2,048.30, Radico Khaitan fell 3.09 per cent to close at Rs 133.25 and United Breweries closed at Rs 763.15, down 0.96 per cent.
The Baltic dry index is at a multi-year high but experts said that for shipping stks to generate good returns, it would have to move up to at least 3K levels.
Shares of Kajaria Ceramics have risen 25% since the beginning of the year.
While ICRA has an outlook of 14-15% growth in tractor volumes for 2016-17, including both domestic and exports, the growth forecast for the coming financial year is moderated to 6-7% for the industry, factoring in the probable effects of El Nino.
The stock’s total traded quantity rose forty times, with 40 lakh shares exchanging hands compared to its two week average traded quantity of 91,000 shares.
The board issued a disgorgement order against the company on charges of fraudulent trading in its erstwhile unit, Reliance Petroleum.
Upstream companies like Cairn India, Oil India and ONGC will be impacted from due to lower realizations on crude oil and natural gas and aRs2/US$ appreciation will result in around 6% negative impact on FY2018-19E EPS of Oil India and ONGC, it said
Downturn in oil prices beneficial for shipping industry: Sandeep Upadhyay, Centrum Infrastructure Advisory
Baltic Dry Bulk Index (BDI) has risen 340% over the past one year and after hitting an all-time low of 290 points in February 2016, said Sandeep Upadhyay.
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