Mar 21

Daily Market Commentary : 21st March. 2017

Equity benchmarks as well as broader markets closed moderately lower amid consolidation on Tuesday as investors remained sideways due to lack of global and domestic cues. However, D-Mart hogged the limelight, rising more than 114 percent on listing day.

NSE Nifty closed at 9121 levels, down by 5 points or 0.06%, while BSE Sensex closed at 29485 levels, down by 33 points or 0.1%.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.37% and the Shanghai Composite rose 0.33%. The Nikkei 225 lost 0.34%. European markets are mixed. The CAC 40 is higher by 0.25%, while London’s FTSE 100 is off 0.19%. Shares in Germany are unchanged with the DAX at 12,052.70.

Grasim was the top Nifty gainer whereas, Idea was the top Nifty loser in Tuesday’s trading session.

The BSE Mid-cap Index closed down 0.4% at 13853 whereas, BSE Small-cap Index closed up 0.1% at 14027.

BSE Healthcare was the top losing index on Tuesday’s trade, Divi’s Lab was dragging the index to its lows.

Divi’s Lab closed at Rs 640 per share down by Rs 150 or 19%.

BSE Realty index wast the top gaining index on Tuesday, with Prestige and HDIL lifting the index to its highs.

HDIL closed at Rs 78.40 per share up by Rs 2 or 2.9%.

Neuland Labs closed at Rs 1255 per share, up by Rs 96 per share or 8.3%.

Purvankara closed at Rs 59 per share, up by Rs 4 per share or nearly 7.3%.

Pretige Estate Project closed at Rs 198 per share, up by Rs 13 per share or 7.1%.

Eros International Media closed at Rs 232 per share, up by Rs 15 per share or 7%.

There were 594 advances, 1037 declines and 287 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.29 per US dollar.

Top 5 Nifty Gainers: Grasim Industries Ltd. (2.93%), ITC Ltd. (2.00%), ONGC (1.65%), Hindalco Industries Ltd. (1.63%) and Ambuja Cement Ltd. (1.41%).

Top 5 Nifty Losers: IDEA (-4.96%), Dr. Reddy’s Laboratories Ltd. (-4.55%), Axis Bank (-2.75%), Aurobindo Pharma Ltd. (-2.10%) and Tata Motors (-1.68%)

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.