Monthly Archives: January 2017

Jan 09

Daily Market Commentary : 9th Jan. 2017

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Indian markets remained mum for the whole day after a positive start. Nifty and Sensex opened on a positive note taking positive cues from US and Asian markets, but remained range bound and finally closed with marginal losses of 0.1% and 0.12% respectively.

NSE Nifty closed with a loss of eight points at 8,236, while BSE Sensex ended with a loss of 33 points at 26,727.

On the global front, Asian markets rose on Monday tracking strong closure from the main three indices of Wall Street. The Markets remained buoyed post US jobs data and ahead of policy measures under the reign of newly elected President Trump. China was moderately higher by 0.5% led by rise in defence stocks while Hang Seng rose 0.25%.

European markets opened lower where investors remained cautious ahead of fresh data from euro zone and volatile energy stocks. However, UK’s FTSE 100 remained up with 0.22% gains amid fall in UK pound.

Going forward our view on Nifty remains intact where we hold 8240-8250 as the immediate resistance followed by the 8300 mark. While on the downside 8230-8200 will act as immediate support followed by 8100.

HCL Technologies was the top gainer while Dr Reddy remained the top loser for the Nifty.

Dr Reddy: The stock is down by 3% on Monday.

TCS: The IT bellwether’s stocks gained bucking the trend for past the few sessions. The stock was up by 1.29% at close of trade.

ITC: ITC crossed its 100-DMA in today’s session and closed up by 1.30% at Rs 245.80 per share on closing basis.

Tata Motors: The stocks sizzled on a dull day for markets by inching up by 0.51% and closing at Rs 500 per share.

Tata Steel: The stock inched up on Monday based on positive sentiment for the steel manufacturer with the steel companies expected to increase the prices for steel in the coming year.

The rupee was trading at 68.19 against the US dollar.

Out of 1,917 stocks traded on the NSE, 607 declined, 933 advanced and 377 remained unchanged today.

Top 5 Nifty Gainers: TCS (1.09%), ITC Ltd. (0.99%), BHEL (0.95%), Maruti Suzuki (0.75%) and Tata Motors (0.62%).

Top 5 Nifty Losers: Dr. Reddys Lab (-3.08%), ONGC (-2.30%), M&M (-1.78%), Coal India (-1.73%) and Asian Paints (-1.69%)

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Jan 06

Daily Market Commentary : 6th Jan. 2017

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The Indian shares fluctuated between gains and losses before ending the session lower on last hour of accelerated selling. The market gained to a near two-month high, ahead of the announcement of GDP data.

NSE Nifty closed with a loss of 30 points at 8,243, while BSE Sensex ended with a loss of 119 points at 26,759.

Asian markets ended on a mixed note where Nikkei225 was down 0.3%, Hang Seng was up 0.2% while Shanghai Composite tumbled 0.35% weighed by pressure from auto stocks after Trump warned Toyota on its plan to open a manufacturing unit in Mexico.

European markets opened on a negative note today.

Yes Bank Ltd is currently at Rs 1,242, up by Rs 32.3 or 2.67% from its previous closing of Rs 1,209.7 on the BSE.

Tech Mahindra Ltd is currently trading at Rs 467, down by Rs 21.3 or 4.36% from its previous closing of Rs 488.3 on the BSE.

Two US Congressmen have reintroduced a bill to curb the use of H-1B visas, on which the Indian IT sector is particularly dependent, the first salvo in the battle against outsourcing that is expected under the watch of President-elect Donald Trump. The new bill would require workers on the H-1B visa pay a minimum of $ 100,000, up from $ 60,000 currently. The bill also removes the Master’s degree exemption to the cap on the number of visas available, as per media reports.

HCL Technologies Ltd is currently trading at Rs 816, down by Rs 28.1 or 3.33% from its previous closing of Rs 844.1 on the BSE. The scrip opened at Rs 834 and has touched a high and low of Rs 840 and Rs 816 respectively. So far 691881(NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs 119,119.22 crore.

Just Dial Ltd is currently trading at Rs 386.9, down by Rs 7.1 or 1.8% from its previous closing of Rs 394 on the BSE. The scrip opened at Rs 397.8 and has touched a high and low of Rs 405 and Rs 381.9 respectively. So far 3801199 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs 2,780.28 crore.

Tech Mahindra Ltd is currently trading at Rs 474.95, down by Rs 13.35 or 2.73% from its previous closing of Rs 488.3 on the BSE.

Mindtree Ltd is currently trading at Rs 509.25, down by Rs 14.3 or 2.73% from its previous closing of Rs 523.55 on the BSE. The scrip opened at Rs 523.15 and has touched a high and low of Rs 523.15 and Rs 508.1 respectively. So far 662646 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs 8795.23 crore.

SpiceJet gained 1.1%. The airline company is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion.

Piramal Enterprises zoomed 2.4% on the BSE. Piramal Finance, a subsidiary of Piramal Enterprises, said it plans to foray into housing finance business. In line with the company’s growth plans, Piramal Finance will now make an application to the National Housing Bank for incorporating a housing finance company. This was approved by the company’s board on January 5.

Wockhardt climbed 7%. Wockhardsaid German regulator has issued European Union Good Manufacturing Practice certificate to the company’s Ankaleshwar facility in Gujarat.

Chartered Logistics inched up 0.4%. The company registered net profit of Rs 4 crore, up 50%, against Rs 2.74 crore in the corresponding quarter last year.

GM Breweries dropped 3.4%. The company reported 36% decline in net profit at Rs 10 crore for the quarter ended December 30, 2016. It had posted a net profit of Rs 15.6 crore in the corresponding quarter last year.

Sagar Cements jumped 3.5%. South India based, large cap, cement manufacturing company Sagar Cement’s consolidated data shows that for the month of December 2016, the total cement sales was negligibly down by 0.3% as compared to sales during December 2015.

Asian indices ex Japan traded in the green as emerging markets started the New Year in fine fettle as proxy to weakness to US $ with the Trump rally seeing profit booking. The US $ weakened sharply to near November 8 levels and in tandem we saw bond yields also fall to 2.36% levels last seen around the US election results.

The rupee was trading at 68.18 against the US dollar.

Out of 1,902 stocks traded on the NSE, 929 declined, 648 advanced and 325 remained unchanged today.

Top 5 Nifty Gainers: Asian Paints (1.23%), ONGC (1.23%), Dr. Reddys Lab (1.01%), HDFC Bank (0.82%) and HDFC (0.69%).

Top 5 Nifty Losers: TCS (-2.14%), Infosys Ltd. (-2.05%), Wipro (-2.01%), ITC Ltd. (-1.54%) and NTPC (-0.85%)

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Jan 05

Daily Market Commentary : 5th Jan. 2017

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Indian markets broke out of consolidation and closed a percent higher, after a prolonged breather of three trading sessions, taking positive cues from the Wall Street and Asian bourses.

NSE Nifty closed above 8250 mark at 8273, while BSE Sensex  closed at 26878 levels gaining 245 points.

Barring the IT sector that tumbled 0.9%, all other sectors ended in green with Metal remaining at the forefront with 3% gains.

JSW Steel remained the top gainer in the metal index with 7.8% gains.

Auto sector followed the optimism and gained 2% where Tata Motors DVR and Tata Motors gained the most after Tata Motors posted JLR sales data early in the morning session.

Banks too recovered from prior day losses. All of the bank index constituents were up in green in today’s session.

Tata Motors DVR and Adani Ports were the top gainers while IT giants, Tech Mahindra, TCS and HCL Technologies remained top losers for the Nifty.

Chambal Fertilisers: The stocks sizzled upon reports of Ministry of fertilisers seeking for 80000 crore as subsidy.

Tata Motors: Tata Motors gained with record sales for JLR being reported from US markets.

Yes Bank: Yes bank was the top gainer in the banking space even as Jugnoo enables UPI payments powered by YES Bank on its app.

Bank of Baroda: The stock, in line with the broader trend gained on bourses on intraday basis even as the bank reduced its Marginal cost of lending rate today.

The rupee was trading at 67.79 against the US dollar.

Market breadth remained highly positive with 1950 advances and 885 declines.

Top 5 Nifty Gainers: Adani Ports & Sez (4.70%), Tata Motors (3.43%), Tata Steel (3.26%), Bharti Airtel (2.63%) and ONGC (2.57%). 

Top 5 Nifty Losers: TCS (-1.66%), NTPC (-0.30%), HDFC Bank (-0.13%), and Infosys Ltd. (-0.13%)

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: +91-9891224488.