NSE BSE Indian Stock Tips - Aceinvestmentadvisory.com: 08/12/15

Wednesday, August 12, 2015

Live: Sensex Cracks Over 350 Points, Nifty Below 8,350; Metal Stocks Bleed

Sharemasterindia.com 3:22 p.m.: Bank Nifty was down nearly 3 per cent; Canara Bank, State Bank of India, Bank of India, Yes Bank, IndusInd Bank and ICICI Bank were among the prominent losers, down 3.4-5.9 per cent each.

3:16 p.m.: Cadila Healthcare (Cadila) shares jumped as much as 6 per cent to Rs 2033.5 on Wednesday after the company announced a stock split today.

3:14 p.m.: The Sensex fell 355 points to 27,510 and Nifty plunged 115 points to 8,347. Metal stocks were among the worst hit in trades so far. The BSE metal index was down 4.6 per cent.

Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
TECHM HCLTECH SUNPHARMA INFY TCS	558.00 969.20 866.00 1,141.00 2,665.10	3.21 3.06 2.88 2.87 2.34	35,15,496 20,92,552 52,26,078 50,17,534 17,29,609

Losers
Symbol	LTP	% chng	Volume
VEDL HINDALCO BPCL COALINDIA CAIRN	114.50 95.85 868.60 372.80 154.25	-7.32 -7.17 -6.12 -5.07 -5.02	1,03,72,640 1,16,97,590 26,25,472 1,42,71,808 11,59,447

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Nestle India Shares Fall Over Government's Rs 640-Crore Suit in Maggi Row

Sharemasterindia.com: Nestle India, which makes the popular Maggi noodles, came under sharp selling pressure on Wednesday, with its shares falling by as much as 4.7 per cent. Analysts attributed the selloff in shares to a Rs 640-crore case filed by the government against Nestle India for allegedly selling unsafe and hazardous products to consumers.

Nestle India said it has not yet received a copy of the complaint with the national consumer forum.

Nestle had to withdraw all varieties of Maggi noodles in June amid country-wide scrutiny for high content of monosodium glutamate (a taste enhancer) and lead in some samples.

Live: Sensex Off Day's Low, Nifty Above 8,400

Sharemasterindia.com 10.37 a.m.: Sensex trades 150 points lower at 27,716 and the Nifty is down 0.6 per cent at 8,411. Metal stocks lead selloff in market, the CNX metal index is down 2.7 per cent. Hindalco is the top loser in the metal index, down 4.69 per cent followed by Jindal Steel & Power, which is down 4.66 per cent.

10:17 a.m.: Bank Nifty falls 1 per cent; ICICI Bank, Canara Bank, Yes Bank, State Bank of India, Bank of India, Federal Bank and Kotak Mahindra Bank were among the prominent laggards, down 1-2 per cent each.

10:00 a.m.: The markets extended losses in the morning trades. The Sensex fell 222 points to 27,628 and Nifty fell 70 points to 8,392.