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%).

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.