Nifty in bear grip, 50-day EMA offers some cushion; Shell shock! No sales, years of losses, but retail holding at 95%

ET Markets Daily Brief | Thu, Aug 10, 2017 | 06:40 PM IST Follow ET Markets

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Tech View: Nifty50 in bear grip, 50-day EMA offers some cushion The index looked firmly in the bear grip, as it has been forming lower highs and lower lows. ETMarkets After Hours: 150 stocks hit 52-week lows; smallcaps crack Nearly 150 stocks hit fresh 52-week lows. The list includes Blue Dart, Coal India and Dish TV. Shell shock: No sales, years of losses, yet retail investors held up to 95% stake As many as 36 lakh investors have got trapped in the stocks of the 331 suspected shell companies.

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Market Watch 10 Aug | 06:40PM| SENSEX NIFTY USD/INR GOLD 31531.33 ↓-266.51 9820.25 ↓-87.80 64.08 ↑0.24 29147.00 ↑303.00

Gainers Losers 10 Aug, 2017, 06:40PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low India Nippon Electricals Ltd. 761.15 18.73 127242 769.25 717.00 Acme Resources Ltd. 13.20 10.00 576 13.20 10.80 Goldstone Infratech Ltd. 102.20 9.95 108190 102.20 92.50

Tweet of the day... If you hold shares in a 'shell' company; here's what to do

FROM THE NEWSPAPER

SAT stays Sebi order on 'shell' companies with regards to J Kumar Infra and Prakash Industries Parsvnath Developers, J Kumar and Prakash Industries had on Wednesday moved to SAT against Sebi order. This stock wiped out Rs 1.25 lakh crore wealth in 2 years; analysts still like it M-cap of this pharma major declined by Rs 1.25L crore from Rs 2.38L crore to Rs 1.14L crore. Raymond stock ducks promoter family issue; doubles wealth in 16 months Despite the family issues, shares of the company are doing well on Dalal Street. How billionaire father-son duo turned family firm into world beater Last month Pankaj Patel announced his more than 20-years running the company were over. Rupee appreciation may take imports from China to over $61 billion The rupee has appreciated by 3.7 per cent against the Chinese Renminbi since February.

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