May 15

Daily Market Commentary : 15th may 2017

Indian Indices Nifty and Sensex making new highes consecutive week.
Indian share markets continued to trade in green in afternoon session after consumer inflation in April eased to its lowest in at least five years. At the closing bell, the BSE Sensex stood higher by 134 points, while the NSE Nifty finished up by 45 points.

Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 1.3% and 0.8% respectively. Gains were largely seen in metal stocks, pharma stocks and realty stocks.

The markets are touching new highs. Markets are awash with funds. Experts are justifying high valuations. The reasons are far-fetched – from GST to Make in India to a cashless economy. And retail investors seem to be falling for it.

The BSE Mid-cap index closed at 15040 level up by 186 points while the BSE Small-cap index closed at 15650 levels up by 121 points.

Bank Nifty gained 150 points in trade mainly led by Kotak Mahindra Bank and ICICI Bank.

Tata Steel Limited was the top Nifty gainer closed higher by 4.5% at Rs 456.45 per share whereas Aurobindo Pharma stock closed lower by around 1.6% at Rs 613.6 per share.

The rupee was trading at 64.06 per US dollar.

Piramal Enterprises Ltd. closed higher by 9.98% at Rs 2870 per share.

GMR Infrastructure Ltd. closed higher by 6.02% at Rs 17.6 per share.

Alankit Ltd. closed higher by 18.31% at Rs 25.2 per share.

Kansai Nerolac Paints Limited closed higher by 4.97% at Rs 430.6 per share.

Top 5 Nifty Gainers: TATASTEEL. (4.52%), HINDALCO (4.00%), DRREDDY(3.36%), BOSCHLTD (2.76%) and LUPIN (2.48%).

Top 5 Nifty Losers:  AUROPHARMA (-1.62 %), INFY (-1.14%), INFRATEL (-0.90%),  EICHERMOT (-0.90%), and HEROMOTOCO(-0.66%).

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Apr 27

Daily Market Commentary : 27th April 2017

The liquidity driven rally has taken benchmark indices to record highs, along with nearly 100 stocks on the BSE, but will the rally hold? This is one question which everybody is asking right now.

NSE Nifty closed at 9342 levels, lower by 9 points or 0.1%, whereas the BSE Sensex closed at 30,029 levels, lower by 103 points or 0.3%.

While, BSE Mid-cap Index closed up 0.07% at 14772 whereas, BSE Small-cap Index closed down 0.02% at 15279.

Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.49% and the Shanghai Composite rose 0.36%. The Nikkei 225 lost 0.19%. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.58% while France’s CAC 40 is off 0.33% and Germany’s DAX is lower by 0.24%.

Bank stocks finished the day on a mixed note with IDFC Bank & Yes Bank leading the gains. Axis bank share price declined over 2.2% after the private lender reported a 43.13% drop in net profit for the quarter ended 31 March 2017 to Rs 12.25 billion from Rs 21.54 billion reported for the same quarter of 2015-16.

Bank of India closed at Rs 179 per share, up by Rs 15.75 or 9.65%.

IDFC Bank closed at by Rs 65.15 per share up by Rs 3.90 or 6.37%.

Manglore Refinery and Petrochemicals closed at Rs 132.95 per share up by Rs 7.10 or 5.65%.

JSW Energy closed at Rs 67.10 per share up by Rs 3.45 or 5.4%

The rupee was trading at 64.11 per US dollar.

Top 5 Nifty Gainers: YESBANK. (3.58%), ACC (2.21%), IOC (2.12%), KOTAKBANK (1.52%) and AMBUJACEM (1.48%).

Top 5 Nifty Losers:  AUROPHARMA (-3.02 %), LUPIN (-2.63%), ITC (-1.91%), AXISBANK (-1.72%) and HDFC (-1.57%)

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Apr 26

Daily Market Commentary : 26th April 2017

The rally was driven by hopes of earnings growth and continued buying by domestic investors. Rising global optimisim on French elections results and likely announcement of tax reforms by Donald Trump in the US also pushed the markets higher.

The  Sensex on Wednesday closed above the 30,000 mark for the first time on strong quarterly earnings and an appreciating rupee which triggered buying activity.

The S&P BSE Sensex ended the session 190 points higher at 30,133.35. The Nifty 50 settled the day at 9,351.85, up 45.25 points at 9,351.85, a new record closing. BSE’s  market cap rose to Rs 124.83 lakh crore.

In the banking space, the Bank Nifty index touched the fresh 52-week high of 22276 level up by 222 points. Punjab National Bank was the eye-catcher among the banking stocks which closed higher by 3.66% at Rs 167 per share. The private sector bank stocks like HDFC Bank, ICICI Bank and Kotak Bank while the public-sector bank stocks like State Bank of India and Punjab National Bank were the top contributors to the Bank Nifty’s gains.

Reliance Industries, India’s largest conglomerate, has reported a 12.3 per cent rise in Q4 net profit which bouyed market sentiment. Private sector lender HDFC Bank last week reported a 18.2 per cent growth in net profit at Rs 3,990 crore for the March quarter.

At the time of market closing, the data available with the National Stock Exchange shows that the S Chand IPO got subscribed by 24% on its first day of subscription.

Swaraj Engines Ltd closed higher by 12.71% at Rs 1863.65 per share.

Nucleus Software Exports Ltd. closed higher by 9.58% at Rs 311.2 per share.

Cummins India Ltd. closed higher by 4.15% at Rs 1010 per share.

Apollo Hospitals Enterprise Ltd. closed higher by 4.08% at Rs 1216.5 per share.

The rupee was trading at 63.93 per US dollar.

Top 5 Nifty Gainers: M&M. (3.64%), ITC (3.48%), HINDALCO (3.05%),HINDUNILVR (1.98%) and HDFC (1.79%).

Top 5 Nifty Losers: TECHM (-2.90%), INFRATEL (-2.64%), ADANIPORTS (-2.63%), HCLTECH (-2.31%) and INFY (-1.64%)

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