Jan 27

Daily Market Commentary – 27 Jan 2015

The BSE Sensex and Nifty hit a record high for a fifth consecutive session on today after a deal that could open the door for US companies to build nuclear reactors in the country. Front line index Nifty breaks the crucial level of 8,900 and hits its new high of 8,925.05 before closing at 8,910.50 up by 74.90 points while Sensex hits its fresh record high of 29618.59 and wrapped up the session at 29,571.04 surging by 292.20 points.

Maruti Suzuki, India’s largest car maker, reported an 18 per cent year-on-year (y-o-y) jump in its net profit to Rs 802 crore for the quarter ending December 31, 2014. Its net sales rose over 15 per cent y-o-y to Rs 12,263 crore. The company had reported a net profit of Rs 681 crore on sales of Rs 10,619 crore in the same period last fiscal.

Meanwhile USDINR pair ended at 61.39 with 3 paisa loss against the previous session close of 61.42.

Among the sectorial indices Bank Nifty and CNX Finance were the biggest gainers surged by 2.40% followed by CNX Auto (1.30%) and CNX Realty (1.21%) while CNX IT (-1.61%) was the top loser. Most of the sectorial indices ended in green terrain.

Market breath of NSE remain Negative for the day with 632 negative against 575 positve and 31 remian unchanged.

Out of 50 stocks of Nifty 27 ended in green and 23 in red.

Top 5 Nifty Gainers: Axis Bank (4.97%), Cipla (4.26%), ICICI Bank (3.53%), ITC (3.21%) and Asian Paints (3.18%).

Top 5 Nifty Losers: Dr. Reddy (-4.44%), Cairn (-3.66%), Infosys (-3.50%), M&M (-3.04%) and Coal India (-2.71%).

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Jan 23

Daily Market Commentary – 23 Jan 2015

Indian equity market witnessed the big early trade rally led by the higher than expected size of the  stimulus program by ECB. Broad based indices Nifty and Sensex hits fresh high for the fourth consecutive  day of 8,866 and 29,408 respectively. Nifty ended the week at above the crucial level of 8,800 by gaining  74.20 points at 8,835.60 while Sensex ends at 29,278.84 surging 272.82 points.

The trigger for today’s rally was a 1.1 trillion euro stimulus announcement by the European Central Bank  overnight. The ECB said it would buy government bonds from this March until the end of September 2016  to kick-start the stagnant eurozone economy.

The rupee appreciated against the dollar, up 27 paise to 61.42 on dollar selling by exporters amid sustained capital inflows. Soaring domestic equity markets also supported the rupee.

Among the sectorial indices of NSE CNX AUTO led the gainers by surging 1.60%, followed by CNX  REALTY (1.50%) and CNX METAL (0.86%) while CNX MEDIA was only loser of the day, plunged by  0.07%.

Market Breath remained negative for the day with 821 shares ended in red, 403 in green and 33 remain  unchanged.

Out of 50 stocks of Nifty 31 were advanced and 19 were declined.

Top 5 Nifty Gainers: TATA POWER (6.24%), DLF (5.63%), CIPLA (4.15%), CAIRN (3.98%) and JINDAL  STEEL (3.68%)

Top 5 Nifty Losers: PNB (-2.68%), BHEL (-1.90%), GAIL (-1.87%), LUPIN (-1.29%), and HCL (-1.18%)

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Jan 22

Daily Market Commentary – 22 Jan 2015

Indian equity market ended positive for the 7th straight trading session led by strong buying by FIIs. Meanwhile broad based indices rallied in defined range throughout the day. Sensex for the 3rd consecuitve day hits its fresh high of 29,060 and wrapped up session at 29,006.02 gained 117.16 points or 0.41%. Sensex moves 28,000 to 29,000 mark in just two and a half months. It had hit 28,000 mark on Nov 5, 2014. Tracking the momentum Nifty surged 31.90 points to end the day at 8,761.40, after hitting all time high of 8,772.

Indian Markets extending its gain a ahead of European Central Bank meeting outcome later in the day on the hopes of quantitative easing by the European Central Bank.

The rupee traded flat to marginally lower as the dollar strengthened overseas. The rupee pared its early trade gain on mild bouts of dollar demand by importers. USDINR pair ended at 61.69 against a close of 61.74 yesterday.

Among the sectorial indices CNX Pharama (1.67%) was the biggest gainer followed by CNX Auto (0.71%) and CNX Media (0.70%) while CNX Energy (-0.84%) was the top loser. Most of the other sectorial indices ended in green terrain.

Market breath of NSE remain Negative for the day with 641 negative against 580 positve and 47 remian unchanged.

Out of 50 stocks of Nifty 31 ended in green, 13 in red and 1 reamin unchanged.

Top 5 Nifty Gainers: Sun Pharma (3.62%), Axis Bank (3.61%), DLF (3.48%), Tata Motors (2.65%) and IDFC (2.47%).

Top 5 Nifty Losers: Reliance (-2.49%), NTPC (-2.16%), PNB (-1.50%), HCL (-1.50%) and Tech Mahindra (-1.27%).

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