Feb 06

Daily Market Commentary : 6th Feb. 2017

The broader markets outperformed benchmarks as the Nifty Midcap ended at record closing high, up around a percent. Market breadth was also in favour of advances as two shares gained for every share falling on the NSE.

NSE Nifty managed to close at 8801.05 levels, up by 60.1 points, while BSE Sensex closed at 28439.28 levels, up by 198.76 points. Nifty & Sensex closed at 5 months’ closing highs.

Whirlpool, Titan and PC Jewellers Limited were the top gainers in the BSE Consumer Durables index, closing up by more than 2% each.

BSE FMCG index outperformed its sectoral peers.

Sugar stocks gained, with Renuka Sugar, KCP Sugar Industries and Dhampur Sugar all closing up by more than 10% each.

BSE Realty index was the top performer by gaining more than 1.7%. HDIL, Godrej properties, Prestige and Unitech were top realty gainers on Monday, gaining more than 2.5% each.

Biocon has hit its all-time high of Rs 1084.75.

IndusInd Bank too has hit a record high of Rs 1335.95.

Future Retail, Aarti Industries, ICICI Prudential Life and Andhra Sugars were some of the stocks which hit a new high on Monday.

IGL hit a fresh high of Rs 515 in Monday’s trading session.

Shares of Jubilant FoodWorks jumped 12.30% as the company posted total income up by 3.9% in its Q3 results.

HDFC Bank, IOC, MTNL, Natco Pharma, Sun TV, Godrej Properties, Indian Bank and ICICI Bank have hit their new 52-week high in today’s trading session.

Bajaj Financial Services Ltd., was the top gainer in the bunch of mid-cap stocks. The stock gained more than 8% on an intraday basis.

Aegis Logistics Ltd. closed higher by 19.6% at Rs 178.80 per share.

The rupee was trading at 67.21 per US dollar.

Top 5 Nifty Gainers: Ambuja Cement (4.25%), ACC (4.21%), Sun Pharma (4.12%), ICICI Bank (3.11%), and Auro Pharma (3.05%).

Top 5 Nifty Losers: Dr. Reddys Lab (-1.73%), Cipla (-1.31%), Hindalco Industries (-1.15%), Tata Motors (-1.09%) and ONGC (-1.05%)

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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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Feb 02

Daily Market Commentary : 2nd Feb. 2017

Nifty was oscillating in the positive and negative territory in the morning. Markets have shown an upward movement at the lunch hours of the trading session. It touched a high of 8757.25 levels, up by 40.85 points or 0.46%. Nifty and Sensex closed at four months’ closing high.

NSE Nifty closed at 8734.25 levels, up by 17.85 points, while BSE Sensex closed at 28226.61 levels, up by 84.97 points.

All the indices except Nifty Auto and Nifty Metal opened in green in the morning with FMCG index leading the sectoral bunch on NSE. Heavyweight player in the FMCG, ITC Limited touched its new 52 week high in the morning hours.

Divi’s Laboratories was in the limelight at closing hours. The stock touched its high of Rs 742.75 per share, up by Rs 49.05 per share or 7.07% in the last half hour of trading session. Other stocks from the Pharma sector, like Cadila Healthcare, Aurobindo Pharma and Dr. Reddy’s were also trading up by more than 3% each.

Geoffrey Dennis of UBS Investment Bank says the Nifty is fairly valued at about 16.5 times next year earnings but added that if the demonetisation-induced slowdown eases and India goes back to 8 percent growth next year, the market looks “interesting” to foreign investors.

Oracle Financial Services Software Ltd., closed at Rs 3533 per share, up by Rs 221.35 per share or 6.68%.

Tech Mahindra closed at Rs 464 per share, up by Rs 14.30 per share or 3.18%.

TCS closed up by 1.69%.

ITC, Adani Enterprises, Dhampur Sugar, Cairn India, Exide Industries and Godrej Properties touched their new 52 week highs in Thursday’s trading session.

Infosys (up 2 percent) and TCS (up 1.7 percent) bounced back after fall in previous two sessions due to H1-B visa concerns.

In the broader space, NHPC gained 5.5 percent as board of directors will consider share buyback on February 7. IL&FS Engineering also surged 5.5 percent on letter of intent for rural electrification works worth Rs 515.5 crore.

The rupee was trading at 67.37 per US dollar.

India VIX index closed at 13.52 levels, down by 3.22%. There were 905 advances, 723 declines and 283 unchanged stocks on NSE, reflecting strong positive bias floating in the market.

Top 5 Nifty Gainers: Dr. Reddys Lab (3.11%), Sun Pharma (2.58%), Bharti Airtel (2.55%), Coal India (2.36%), and Cipla (2.17%).

Top 5 Nifty Losers: M&M (-2.46%), Bajaj Auto (-1.81%), Tata Motors (-1.72%), Hero Motocorp (-1.66%) and L&T (-1.41%)

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