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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Nov 24

Daily Market Commentary : 23rd Nov. 2016

Supported by positive Asian and European markets, the Indian stock market closed Wednesday trading session in the positive zone for the second consecutive session.

Investors still expected sentiment to remain weak given continued worries about the economic impact from Narendra Modi’s action, with volatility expected ahead of the monthly expiry of derivative contracts on Thursday.

Nifty ended the day at 8,033, up 31 points, while BSE Sensex closed at 26,052, up 91 points.

Economic Affairs Secretary Shaktikanta Das said that banks, NABARD and RBI have been advised to make cash available to district cooperative banks to ensure that farmers have access to funds. A total of Rs 21,000 crore has been sanctioned by NABARD to district central cooperative bank.

With the new currencies yet to reach many of the rural areas, the government said Rs 500 and Rs 2000 notes have been made available in 1.55 lakh post offices across the country. In addition, to promote greater usage of payments through e-wallets, RBI has decided to increase the monthly transaction limit for individuals from Rs 10,000 to Rs 20,000. Similar enhancements have also been announced by RBI for merchants.

Asian markets, Hong Kong’s Hang Seng and Shanghai Composite Index were marginally down, while Japan’s Nikkei was marginally up.

The S&P BSE Sensex closed at 26,052, up 91 points, while NSE Nifty ended the day at 8,033, up 31 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE. Out of 1,883 stocks traded on the NSE, 371 declined, 1243 advanced and 269 remained unchanged today.

The BSE Mid-cap Index is trading up 1.22% at 12043, whereas BSE Small-cap Index is trading up 1.51% at 11802.

Healthcare, Metal, Consumer Durables, Capital Goods sectors saw promising traction towards end of the trading hours, while Banking, Finance, Telecom, Power sectors indicated lack of trading activity on BSE.

The rupee was trading lower at Rs. 68.50/$.

Out of 1,883 stocks traded on the NSE, 371 declined, 1243 advanced and 269 remained unchanged today.

Top 5 Nifty Gainers: Asian Paints (1.54%), Infosys Ltd. (0.72%), TCS (0.72%), Wipro (0.46%) and Bajaj Auto (0.41%).

Top 5 Nifty Losers: Tata Motors (-2.55%), NTPC (-2.28%), ICICI Bank (-1.15%), GAIL (-1.43%) and Sun Pharma (-1.26%)

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Nov 23

Daily Market Commentary : 22nd Nov. 2016

Indian stock market snapped a six-day losing streak and gained 1% when the day closed. Overall, it was a volatile day with both indices lacking clear direction. The only positive is that the indices closed in green.

Sentiments remained cautious over concern of India’s demonetisation move estimated to pull down gross domestic product growth this financial year from last year’s 7.6%.

Nifty trading reclaimed its 8,002 spot, up by 73 points, while BSE Sensex closed closed at 25,961, up 196 points.

On the economy front, Fitch re-affirmed its “negative” outlook for India’s banking sector, saying the financial standing remained “fragile” without bigger capital injections and that the government’s action on banknotes could end up having a mixed impact.

Asian markets, Hong Kong’s Hang Seng was up 1.4%, while Shanghai Composite Index gained 0.66%. Japan’s Nikkei also gained 0.04%.

Both Nifty and Sensex wavered throughout the day without indicating any clarity. However, S&P BSE Sensex closed at 25,961, up 196 points, marginally missing the psychological barrier. On the other hand, NSE Nifty reclaimed its 8,002 spot, up by 73 points. The BSE Mid-cap Index closed at 11,898, gaining 1.39%, whereas BSE Small-cap Index closed on a positive note at 11,627 gaining 1.16%.

The rupee was trading marginally down at Rs. 68.19/$.

Out of 1,516 stocks traded on the NSE, 556 declined, 896 advanced and 64 remained unchanged today.

Top 5 Nifty Gainers: L&T (3.72%), Asian Paints (1.94%), Tata Steel (1.47%), Cipla (0.65%) and Lupin Ltd. (0.53%).

Top 5 Nifty Losers: HDFC (-3.00%), M&M (-1.32%), BHEL (-1.12%), Wipro (-1.03%) and Maruti Suzuki (-0.99%)

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