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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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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Mar 24

Daily Market Commentary : 24th March 2017

Recovery continues in Nifty and SENSEX on 2nd day due to Bank Nifty.

NSE Nifty closed at 9108 levels, up by 21.7 points or 0.24%, while BSE Sensex closed at 29,421 levels, up by 89.24 points or 0.30%.

Both the indices closed higher for second consecutive session, backed by banks on hopes of early NPA resolution.

The Nifty to remain in a range of 9015-9210 levels next week as well, citing lack of triggers. According to them, next trigger for the market would be March quarter earnings that are expected to be good.

Bank of India share price rose 5%, Bank of Baroda share price surged 4.3%, and SBI share price was up 2.8% on the BSE. Buying was also seen in private lenders, with ICICI Bank share price and Axis Bank share price finishing firm.

GRASIM IND. share price fall -3.17%%, TECH MAHINDRA share price declined -1.70%, and ZEE ENTERTAINMENT share price was down -1.51% on the BSE. Major sell of was also seen in AMBUJA CEMENT share price fall by -1.38% and TCS share price declined by -1.30%.

Power Grid Corporation of India share price finished the trading day up by 0.4% after it was reported that the company has commenced commercial operation of its 800 Kilovolt HVDC Champa-Kurukshetra Pole I project.

The power line is part of 800 kV, 3,000 Megawatt western-northern region HVDC interconnector transmission system for independent power projects in Chhattisgarh. The 2,576 circuit km Champa-Kurukshetra line has been set up at a cost of Rs 63 billion.

For the week, the market reversed some gains on profit booking amid consolidation as investors awaited March quarter earnings due next month. The Sensex was down 0.8 percent and Nifty fell 0.6 percent, traders reduces their positions due to upcoming voting on Trumps medical bill.

Yes Bank’s shares rise 2% after strong response to QIP issue.

Sun Pharma share price finished down by 0.1% on the BSE.

Power stocks finished the day on a strong note with SJVN share price and KSK Energy share price leading the gains.

The rupee was closed at 65.41 per US dollar in Today’s trading, rupee appreciated by 12 Paise.

Top 5 Nifty Gainers: BANK OF BARODA (3.95%), SBI(2.89%), ICICI BANK(2.79%), KOTAK MAH. BANK(1.77%), GAIL(1.43%).

Top 5 Nifty Losers: GRASIM IND.(-3.17%), TECH MAHINDRA(-1.70%), ZEE ENTERTAINMENT(-1.51%), AMBUJA CEMENT(-1.38%), TCS(-1.30%)

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