Tuesday 24 November 2015

TOP MARKET NEWS UPDATE 24 NOV. 2015

The market ended lower as the Sensex was down 43.60 points or 0.2 percent at 25775.74. The Nifty fell 17.65 points or 0.2 percent at 7831.60. About 1475 shares advanced, 1186 shares declined, and 196 shares were unchanged.

HUL, HDFC, Reliance, Bharti Airtel and ONGC were top gainers while Maruti was down 2 percent. Bajaj Auto, L&T, NTPC and Sun Pharma were major losers in the Sensex.

Shares of Bosch  slipped 3.5 percent intraday on Tuesday. Credit Suisse has initiated coverage on the stock with an underperform rating and a target price of Rs 15300 per share indicating 20 percent downside potential. It expects the company to clock a medium-term revenue growth trajectory of mid-teens only. Its FY17 earnings estimate is 12 percent below consensus

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