Mar 23

Daily Market Commentary : 23rd March. 2017

After witnessing an over 300-point crash on the Nifty on Wednesday, the market on Thursday ended the day on a positive note.

NSE Nifty closed at 9086 levels, up by 55 points or 0.6%, while BSE Sensex closed at 29,332 levels, up by 164 points or 0.5%.

Yes Bank was the top Nifty gainer whereas, TCS was the top Nifty loser in Thursday’s trading session.

While, BSE Mid-cap Index closed up 0.9% at 13853 whereas, BSE Small-cap Index closed up 0.9% at 14027.

BSE Metal index was sizzling on Thursday’s trade, with Vedanta Steel contributing majorly to the index gains lifting it to higher levels

Vedanta Steel closed at Rs 2 per share down by Rs 5.4 or 2%, While Hindustan Zinc closed at Rs 320.3 per share down by Rs 8 or 2.7%.

SOM Distilleries and Breweries closed at Rs 145 per share, up by Rs 24 per or 19%.

ITI closed at Rs 68.5 per share, up by Rs 11 or nearly 19%.

TVS Srichakra closed at Rs 3771.9 per share, up by Rs 434 or 12%.

Sharda Motor Industries closed at Rs 1934 per share, up by Rs 211 per share or 12.2%.

There were 1059 advances, 563 declines and 304 unchanged stocks on NSE, reflecting bullish undertone floating in the market.

The rupee was trading at 65.52 per US dollar.

Top 5 Nifty Gainers: Yes Bank (3.27%), Tata Motors (2.47%), NTPC (2.33%), GAIL (2.10%) and Wipro (1.84%).

Top 5 Nifty Losers: TCS (-0.85%), Eicher Motors Ltd. (-0.82%), ITC Ltd. (-0.71%), Bosch Ltd.

(-0.52%) and Hindustan Unilever Ltd. (-0.51%)

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Mar 22

Daily Market Commentary : 22nd March. 2017

Dalal Street caught in bear grip on Wednesday as the market posted biggest one day fall in percentage terms in two months. The Sensex lost more than 300 points, weighed by global weakness amid rising uncertainty over US President Donald Trump’s economic policies, and Missile test in North Korea, which reports said failed. Recent government’s proposal to reduce cash transactions limit to Rs 2 lakh from Rs 3 lakh also caused selling pressure.

NSE Nifty closed at 9030 levels, down by 91 points or 1%, while BSE Sensex closed at 29,167 levels, down by 317 points or 1.1%.

Asian stock markets fell following overnight declines in U.S. financial markets as investors re-evaluated their “Trump trade” optimism. The Nikkei 225 is down 2.13% while Hong Kong’s Hang Seng is off 1.11% and China’s Shanghai Composite is lower by 0.50%. European markets too are lower today with shares in France off the most. The CAC 40 is down 0.88% while London’s FTSE 100 is off 0.85% and Germany’s DAX is lower by 0.68%.

HCL Tech was the top Nifty gainer whereas, Bharti Airtel was the top Nifty loser in Wednesday’s trading session.

While, BSE Mid-cap Index closed down 0.8% at 13729 whereas, BSE Small-cap Index closed up 0.9% at 13899.

BSE Telecom index was the top losing index on Wednesday’s trade, with Bharti Airtel and Idea pulling the index to its lows.

Bharti Airtel closed at Rs 337 per share down by Rs 11 or 3.3%, whereas Idea Cellular closed at Rs 91.35 per share down by 1 or 1.7%.

Century Enka closed at Rs 407 per share, up by Rs 47 per share or 13%.

Eros International Media closed at Rs 249 per share, up by Rs 18 per share or nearly 7%.

Sobha closed at Rs 340 per share, up by Rs 22 per share or nearly 7%.

Symphony closed at Rs 1534 per share, up by Rs 90 per share or 6%.

There were 481 advances, 1142 declines and 299 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.48 per US dollar.

Top 5 Nifty Gainers: Lupin Ltd. (1.27%), HCL Technology Ltd. (1.25%), CIPLA (0.62%), BPCL (0.60%) and Dr. Reddy’s Laboratories Ltd. (0.50%).

Top 5 Nifty Losers: Bharti Airtel (-3.40%), ITC Ltd. (-2.95%), Tata Motors (-2.80%), Hindalco Industries Ltd. (-2.55%) and ICICI Bank (-2.52%)

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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%)

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