Market rundown by Vinod Nair, Head of Research, Geojit Financial Services "Market traded range bound as all eyes turned cautious ahead of tomorrow’s Karnataka state election verdict and CPI inflation data later in the day. WPI inflation accelerated to 3.18% in April due to surge in fuel and food prices which may have a negative impact on CPI inflation and is expected to surge to 4.41% vs 4.28% in March. Consequently, rupee & bond yield will continue to witness volatility." Nifty Auto index falls nearly 1%: top losers in the pack COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME ASHOK LEYLAND 154.80 161.85 -7.05 -4.36 18527007 BOSCH 18140.00 18658.00 -518.00 -2.78 21320 TATA MOTORS 323.40 330.80 -7.40 -2.24 8022061 TATA MOTORS-DVR 191.05 195.30 -4.25 -2.18 2044881 M & M 850.85 869.10 -18.25 -2.10 1448106 Sectoral Trend Top Sensex gainers and losers Markets at Close The S&P BSE Sensex settled at 35,557 up 21 points while the braoder Nifty50 index ended at 10,806, up 0 points BUZZING STOCK HDFC Standard Life Insurance Company hit a new high of Rs 547, up 5% on the BSE in intra-day trade on Monday, in otherwise subdued market. Since April 18, post January-March quarter (Q4FY18) results, the stock of insurance company outperformed the market by surging 11% against 3.3% rise in the S&P BSE Sensex. The stock zoomed 89% against its issue price of Rs 290 per share. READ MORE
The S&P BSE Sensex settled at 35,557 up 21 points while the braoder Nifty50 index ended at 10,806, up 0 points
Meanwhile, shares of mid-and small-cap companies were under pressure with 68 stocks from these indices hitting their respective 52-week lows on the BSE in intra-day trade on Monday.
Dena Bank, Oriental Bank of Commerce, IDFC Bank, IFCI and UCO Bank from the banks and financials, Anant Raj Industries, Atlanta, Housing Development and Infrastructure (HDIL), Hindustan Construction Company (HCC), Patel Engineering and Punj Lloyd from the construction and infrastructure sector hit 52-week low.
In key results, Abbott India, Hindustan Unilever, Dr. Lal PathLabs, Britannia Industries, Lupin, Hindalco, ITC, Tata Steel, Bajaj Finance and Bajaj Auto are likely to announce their March 2018 quarter earnings later this week.