Feb 03

Daily Market Commentary : 3rd Feb. 2017

After opening the day on a flat note, the Indian share markets have continued to trade on a weak note and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the pharma sector and realty sector witnessing maximum buying interest. Auto stocks are trading in the red.

NSE Nifty gained 6.70 points at 8740.95, while BSE Sensex was up 13.91 points at 28240.52.

MTNL is the top performer in the pack of small-cap stocks on BSE. The stock closed at Rs 24.35 per share, up by 19.95%.

Sun TV was the star performer of the day. The stock was top performer in the bunch of mid-cap sector stocks. It closed at Rs 686 per share, up by 24.31%.

Bombay Stock Exchange, made a remarkable initial run on the NSE. The first IPO of the year, finally listed at a premium of 35%. The stock also hit a high of Rs 1200 per share at its first hour of trade, and at this price it was trading 49% above its issue price of Rs 806 per share.

February 3 was a busy day in the share market, since almost 100 stocks are scheduled to announce their results for the quarter ended on December 31, 2016.

Following are some of the stocks which were eye-catching in Friday’s trading session:

Strides Shasun Limited closed at Rs 1193.95 per share, up by Rs 110 per share or 10.15%.

Ajmera Realty closed at Rs 177.20 per share, up by Rs 9.4 per share or 5.6%.

Manpasand Beverages closed at Rs 657 per share, up by Rs 19.70 per share or 3.09%.

Intellect Design Arena Limited closed at Rs 140.35 per share, down by Rs 10.10 per share or 6.71%.

SREI Infrastructure Limited closed at Rs 96.15 per share, up by Rs 4.05 per share or 4.4%.

Cipla closed at Rs 608.35 per share, up by 4.18%.

Five PSU Banks: Union Bank, Bank of India, IDBI Bank, Bank of Baroda and Vijaya Bank touched their fresh 52 week high on Friday.

Reliance Communications Limited closed at Rs 36.65 per share, up by 8.59%.

The rupee was trading at 67.31 per US dollar.

There were 826 advances, 524 declines and 49 unchanged stocks on NSE, reflecting strong positivity floating in the market.

Top 5 Nifty Gainers: Cipla (3.99%), BHEL (2.66%), SBI (1.94%), Coal India (1.81%), and Dr. Reddys Lab (1.39%).

Top 5 Nifty Losers: Tata Motors (-1.72%), ICICI Bank (-1.63%), Reliance Ind. (-1.10%), Tata Steel (-0.94%) and HDFC (-0.70%)

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