Dec 20

Daily Market Commentary : 19th Dec. 2016

Sensex, Nifty traded in red throughout the day and ended on a weaker note than it opened. Nifty sectoral indices also ended in red while Nifty IT was in green and up very marginally by 0.01%. Also, the Sensex indices ended on a negative note after being marginally down.

Nifty closed was down 35 points and closed at 8,104, while BSE Sensex ended with a loss of 115 points at 26374.

On the global front, the Asian indices too ended in red. The investors were influenced by the weaker US markets closure last week as well as the Bank of Japan’s Monetary Policy announcement scheduled this week.

At the time of filing this report, the benchmark indices of Europe too were trading in red. The downtrend is primarily due to low volumes in trade as the winter holidays are round the corner in Europe.

Laurus Labs Ltd maintained its 12% up trend since morning till the end of trading hours.

Gold was trading at Rs 27,210 per 10 gms and silver was trading at Rs 39,529 per kg.

The Indian rupee was trading at 67.80 per dollar.

Out of 1897 stocks traded on the NSE, 986 declined and 628 advanced today.

Top 5 Nifty Gainers: TCS (1.75%), GAIL (1.27%), Coal India (1.27%), Infosys Ltd. (1.27%) and ITC Ltd. (1.14%).

Top 5 Nifty Losers: Bajaj Auto (-2.00%), Tata Steel (-1.12%), Bharti Airtel (-1.08%), ONGC (-1.07%) and ICICI Bank (-0.84%)

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