Mar 27

Daily Market Commentary : 27th March 2017

Indian share markets continued to witness selling pressure in the afternoon session amid weak global markets.

NSE Nifty closed at 9045 levels, down by 62 points or 0.6%, while BSE Sensex closed at 29,233 levels, down by 187 points or 0.6%.

Asian stock markets finished broadly lower today amid rising doubts over U.S. President Donald Trump’s ability to pass legislative reforms after Republican leaders pulled a bill to overhaul the U.S. health care system. The Nikkei 225 is down 1.44% while Hong Kong’s Hang Seng is off 0.68% and China’s Shanghai Composite is lower by 0.08%. European markets are lower today with shares in Germany off the most. The DAX is down 0.73% while London’s FTSE 100 is off 0.62% and France’s CAC 40 is lower by 0.45%.

Bank of Baroda was the top Nifty gainer whereas, Idea Cellular was the top Nifty loser in Monday’s trading session.

While, BSE Mid-cap Index closed down 0.2% at 13812 whereas, BSE Small-cap Index closed down 0.04% at 14071.

BSE Metal index was the top losing index on Monday’s trade, with Tata Steel pulling the index to its lows.

Tata Steel closed at Rs 476 per share down by Rs 16 or 3.3%

Alankit closed at Rs 22 per share, up by Rs 2 per or 10%.

Ballarpur Industries closed at Rs 20 per share, up by Rs 1 or nearly 10%.

Venky’s India closed at Rs 921 per share, up by Rs 83 or 10%.

RPG Life Sciences closed at Rs 469 per share, up by Rs 42 per share or 9%.

There were 648 advances, 992 declines and 296 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.03 per US dollar.

Top 5 Nifty Gainers: Bank of Baroda (1.69%), Bharti Infratel Ltd. (1.56%), IndusInd Bank (1.11%), Power Grid Corporation Ltd. (1.06%) and HDFC (0.98%).

Top 5 Nifty Losers: IDEA (-3.63%), Tata Steel (-3.51%), Hindalco Industries Ltd. (-3.44%), Reliance Industries Ltd. (-2.97%) and HCL Technologies Ltd. (-2.45%)

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