Mar 07

Daily Market Commentary : 7th March. 2017

Indian share markets finished the trading day well below the dotted line.

Equity benchmarks closed mildly in red amid consolidation on Tuesday as cautious investors booked profits ahead of last phase of voting for Uttar Pradesh elections.

NSE Nifty closed at 8946 levels, down by 17 points or 0.2%, while BSE Sensex closed at 28986 levels, down by 61 points or 0.1%.

Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.36% and the Shanghai Composite rose 0.26%. The Nikkei 225 lost 0.18%. European markets are mixed today. The DAX is up 0.15% while the FTSE 100 gains 0.15%. The CAC 40 is off 0.18%.

Adani Ports was the top Nifty gainer whereas, Hindalco was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed up 0.1% at 13,503 whereas, BSE Small-cap Index closed up 0.03% at 13,675.

Inox Leisure surged over 14% in closing sessions of Monday’s trade. The stock closed at Rs 266 up by Rs 30 per share or 12%.

Eros International soared over 6% on intraday basis and closed at Rs 227 up by Rs 13 per share or 6%.

Brigade Enterprises closed at Rs 203 per share, up by Rs 21 per share or nearly 11%.

Vadilal Industries closed at Rs 783 per share, up by Rs 82 per share or 11%.

Delta Corp closed at Rs 170 per share, up by Rs 16 per share or nearly 10%.

Lycos Internet closed at Rs 7 per share, up by Rs 0.7 per share or 9%.

There were 667 advances, 959 declines and 297 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 66.66 per US dollar.

Top 5 Nifty Gainers: Adani Ports & Sez (1.93%), TCS (1.31%), BPCL (1.19%), Indusind Bank (1.16%) and ONGC (1.14%).

Top 5 Nifty Losers: Hindalco Industries Ltd. (-3.26%), Tata Steel (-2.09%), Infosys Ltd. (-1.46%), Lupin Ltd. (-1.37%) and Axis Bank (-1.28%)

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.