Mar 20

Daily Market Commentary : 20th March. 2017

Indian share markets continued to trade below the dotted line in the afternoon session amid mixed global cues.

NSE Nifty closed at 9126 levels, down by 33 points or 0.3%, while BSE Sensex closed at 29,518 levels, down by 130 points or 0.4%.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.79% and the Shanghai Composite rose 0.41%. The Nikkei 225 lost 0.35%. European markets are lower today with shares in France off the most. The CAC 40 is down 0.36% while Germany’s DAX is off 0.29% and London’s FTSE 100 is lower by 0.24%.

Aurobindo Pharma was the top Nifty gainer whereas, Idea was the top Nifty loser in Monday’s trading session.

The BSE Mid-cap Index closed up 0.1% at 13916 whereas, BSE Small-cap Index closed up 0.3% at 14054.

BSE IT index was the top losing index on Monday’s trading session, Infosys and TCS contributed majorly to the index downfall.

Infosys closed at Rs 1017 per share down by Rs 23 per share or 2.2%.

TCS closed at Rs 2478 per share down by Rs 48 per share or 1.9%.

Repro India closed at Rs 459 per share, up by Rs 76 per share or 20%.

Advanced Enzyme Technologies closed at Rs 2024 per share, up by Rs 269 per share or nearly 15%.

Smart Link closed at Rs 104 per share, up by Rs 10 per share or nearly 10%.

Bombay Dyeing closed at Rs 77 per share, up by Rs 6 per share or 9%.

There were 802 advances, 842 declines and 291 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.36 per US dollar.

Top 5 Nifty Gainers: Aurobindo Pharma Ltd. (2.54%), Grasim Industries Ltd. (2.16%), BHEL (1.69%), Eicher Motors Ltd. (1.46%) and Coal India Ltd. (1.04%).

Top 5 Nifty Losers: IDEA (-10.08%), Axis Bank (-2.83%), TCS (-1.97%), ICICI Bank (-1.92%) and Infosys Ltd. (-1.92%)

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Mar 17

Daily Market Commentary : 17th March. 2017

Share markets in India continued to trade marginally higher in the afternoon session amid mixed global indices.

NSE Nifty closed at 9160 levels, up by 6 points or 0.07%, while BSE Sensex closed at 29,648 levels, up by 63 points or 0.21%.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.09%, while the Shanghai Composite & the Nikkei 225 fell 0.96% and 0.35% respectively. European markets are mixed. The CAC 40 is higher by 0.20%, while the DAX is leading the FTSE 100 lower. They are down 0.15% and 0.05% respectively.

ITC was the top Nifty gainer whereas, Idea was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed down 0.1% at 13893 whereas, BSE Small-cap Index closed up 0.1% at 14012.

Cigarette company shares since morning session were sizzling on bourses as the GST Council on Thursday cleared a proposal to cap the cess on tobacco and cigarettes on Thursday.

ITC rallied 7.5% hitting a high of Rs 288 per share, the stock closed at Rs 280 per share up by Rs 12 per share or 4.6%

Sugar stocks in closing hours of trade were gained ahead of the sugar output data.

Andhra Sugar was up by 8.5%, the stock closed at Rs 296 up by Rs 19 per share or 6.9%.

TRF Limited closed at Rs 288 per share, up by Rs 32 per share or 16%.

Dredging Corporation closed at Rs 676 per share, up by Rs 50 per share or nearly 8%.

United Bank closed at Rs 25 per share, up by Rs 1.8 per share or nearly 7%.

Vadilal Industries closed at Rs 841 per share, up by Rs 55 per share or 7%.

There were 691 advances, 954 declines and 275 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.44 per US dollar.

Top 5 Nifty Gainers: ITC Ltd. (4.40%), HCL Technologies Ltd. (1.25%), Infosys Ltd. (0.99%), Eicher Motors Ltd. (0.96%) and Tech Mahindra Ltd. (0.73%).

Top 5 Nifty Losers: IDEA (-4.56%), Bharti Airtel (-4.45%), Bank of Baroda (-2.20%), Tata Motors Ltd. (-2.00%) and SBI (-1.90%)

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Mar 16

Daily Market Commentary : 16th March. 2017

Share markets in India finished on a firm note as the Federal Reserve raised the benchmark interest rate by a quarter percentage point, but gave a more dovish outlook for future hikes.

NSE Nifty closed at it all time closing high of 9153 levels, up by 68 points or 0.7%, while BSE Sensex closed at 29586 levels, up by 187 points or 0.6%.

Asian stock markets finished broadly higher today with shares in Hong Kong leading the region. The Hang Seng is up 2.08% while China’s Shanghai Composite is up 0.84% and Japan’s Nikkei 225 is up 0.07%. European markets are broadly higher today with shares in Germany leading the region. The DAX is up 1.09% while London’s FTSE 100 is up 0.94% and France’s CAC 40 is up 0.81%.

HDFC, Infosys, L&T were the top contributors to Nifty index gains lifting it to higher levels.

Nifty, Nifty Bank and Nifty Midcap ended at record closing highs on Thursday. Whereas, Sensex closed 96 points away from its record closing high of 29682. All the sectoral indices closed in green, Nifty Metal being the top gainer.

Adani Ports was the top Nifty gainer whereas, Bharti Airtel was the top Nifty loser in Thursday’s trading session.

The BSE Mid-cap Index closed up 1.5% at 13912 whereas, BSE Small-cap Index closed up 1% at 14006.

APL Apollo Tubes soared over 5% as the company announced partnership with NEXTracker, hitting a 52-week high of Rs 1149.10.

Ashoka Buildcon soared over 7% hitting a 52-week high of Rs 199.65 per share. The stocks closed at Rs 196 up by Rs 10 per share or 5%.

Pennar Engineeered jumped over 11% as the company bagged order an order worth Rs 152 crore. The stock closed at Rs 130 up by Rs 10 per share or 8%.

HCL Tech rallied over 5% as the company is considering buyback of its shares on March 20. The stocks closed at Rs 53 up by Rs 1 or 2%.

Power Mech Projects closed at Rs 480 per share, up by Rs 80 per share or 20%.

Dredging Corporation closed at Rs 104 per share, up by Rs 104 per share or nearly 20%.

Jindal Poly closed at Rs 423 per share, up by Rs 69 per share or nearly 19.6%.

High Ground Enterprises closed at Rs 25 per share, up by Rs 3 per share or 15%.

While, on the NSE advance decline ratio was at 5:2. There were 1149 advances, 482 declines and 288 unchanged stocks on NSE, reflecting bullish undertone floating in the market.

The rupee was trading at 65.14 per US dollar.

Top 5 Nifty Gainers: Adani Ports & Sez Ltd. (4.82%), Tata Steel (4.52%), Hindalco Industries Ltd. (4.40%), Bajaj Auto (2.33%) and IndusInd Bank (2.27%).

Top 5 Nifty Losers: Bharti Airtel (-0.72%), Reliance Industries Ltd. (-0.62%), IDEA (-0.53%), ICICI Bank (-0.37%) and Yes Bank (-0.01%)

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