Nov 25

Daily Market Commentary : 24th Nov. 2016

This was the biggest loss in a series for both the Sensex and Nifty since August 2013. Finally, the BSE Sensex ended with a loss of 192 points at 25,860. The BSE Sensex opened at 26,049, touched an intra-day high of 26,049 and low of 25,810.

Nifty closed with a loss of 68 points at 7,965, while BSE Sensex ended with loss of 192 points at 25860.

At day end, the sector gainers were Metal, Information Technology, Telecommunications and Telecom while losers were Banking, Auto, Healthcare, Oil & Gas and Consumer Durables on BSE.

Among the 50-stocks of Nifty, Hindalco, Bank of Baroda, TCS, ACC, PowerGrid were among the gainers on NSE, whereas Tata Motors, Zee Entertainment, Sun Pharma, Eicher Motors, Axis Bank were among the losers today.

On the global front, Japanese market Nikkei 225 was up 0.93%, Shanghai Composite was marginally up and Hang Seng down over 0.30%. While, European market FTSE 100 was marginally down, DAX was up 0.19% and the CAC 40 was trading up 0.23%.

The rupee was trading marginally down at 68.73 per US dollar.

Out of 1884 stocks traded on the NSE, 727 declined and 859 advanced today.

Top 5 Nifty Gainers: GAIL (3.40%), Tata Steel (3.20%), Infosys Ltd. (3.03%), TCS (2.17%) and NTPC (1.98%).

Top 5 Nifty Losers: Tata Motors (-0.99%), M&M (-0.85%), Bharti Airtel (-0.81%), Bajaj Auto (-0.81%) and Lupin Ltd. (-0.68%)

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