Mar 20

Daily Market Commentary : 20th March. 2017

Indian share markets continued to trade below the dotted line in the afternoon session amid mixed global cues.

NSE Nifty closed at 9126 levels, down by 33 points or 0.3%, while BSE Sensex closed at 29,518 levels, down by 130 points or 0.4%.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.79% and the Shanghai Composite rose 0.41%. The Nikkei 225 lost 0.35%. European markets are lower today with shares in France off the most. The CAC 40 is down 0.36% while Germany’s DAX is off 0.29% and London’s FTSE 100 is lower by 0.24%.

Aurobindo Pharma was the top Nifty gainer whereas, Idea was the top Nifty loser in Monday’s trading session.

The BSE Mid-cap Index closed up 0.1% at 13916 whereas, BSE Small-cap Index closed up 0.3% at 14054.

BSE IT index was the top losing index on Monday’s trading session, Infosys and TCS contributed majorly to the index downfall.

Infosys closed at Rs 1017 per share down by Rs 23 per share or 2.2%.

TCS closed at Rs 2478 per share down by Rs 48 per share or 1.9%.

Repro India closed at Rs 459 per share, up by Rs 76 per share or 20%.

Advanced Enzyme Technologies closed at Rs 2024 per share, up by Rs 269 per share or nearly 15%.

Smart Link closed at Rs 104 per share, up by Rs 10 per share or nearly 10%.

Bombay Dyeing closed at Rs 77 per share, up by Rs 6 per share or 9%.

There were 802 advances, 842 declines and 291 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.36 per US dollar.

Top 5 Nifty Gainers: Aurobindo Pharma Ltd. (2.54%), Grasim Industries Ltd. (2.16%), BHEL (1.69%), Eicher Motors Ltd. (1.46%) and Coal India Ltd. (1.04%).

Top 5 Nifty Losers: IDEA (-10.08%), Axis Bank (-2.83%), TCS (-1.97%), ICICI Bank (-1.92%) and Infosys Ltd. (-1.92%)

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