Mar 28

Daily Market Commentary : 28th March 2017

Driven by a rally in banking stocks, the market closed the day in the green zone, with the Nifty reclaiming 9100. The rally was also seen on the back of domestic developments on the GST front. This, coupled with strong Asian market movements, pushed the indices higher here.

NSE Nifty closed at 9100 levels, up by 55 points or 0.6%, while BSE Sensex closed at 29,409 levels, up by 172 points or 0.5%.

Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.14% and the Hang Seng rose 0.63%. The Shanghai Composite lost 0.43%. European markets are mixed today. The DAX is up 0.64% while the FTSE 100 gains 0.12%. The CAC 40 is off 0.05%.

Eicher Motors was the top Nifty gainer whereas, Tech Mahindra was the top Nifty loser in Tuesday’s trading session.

While, BSE Mid-cap Index closed up 0.7% at 13910 whereas, BSE Small-cap Index closed up 0.6% at 14157.

Poly Medicure closed at Rs 279 per share, up by Rs 46 per or 19%.

Dishman Pharmaceutical & Chemicals closed at Rs 278 per share, up by Rs 46 or nearly 19%.

OK Play India Ltd closed at Rs 145 per share, up by Rs 24 or 19%.

Neuland Laboratories closed at Rs 1497 per share, up by Rs 234 per share or 18%.

There were 889 advances, 729 declines and 307 unchanged stocks on NSE, reflecting bullish undertone floating in the market.

The rupee was trading at 65.03 per US dollar.

Top 5 Nifty Gainers: Eicher Motors Ltd. (3.86%), Axis Bank (3.51%), Tata Motors (3.01%), Zee Entertainment Enterprises Ltd. (2.69%) and Tata Power (2.18%).

Top 5 Nifty Losers: Tech Mahindra Ltd. (-2.75%), Kotal Bank (-1.28%), ONGC (-1.06%), Coal India Ltd. (-0.41%) and Hero MotoCorp Ltd. (-0.40%)

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