Jan 24

Daily Market Commentary : 24th Jan. 2017

Share markets in India finished on a strong note as buying activity intensified in the afternoon session amid strong global markets. At the closing bell, the BSE Sensex stood higher by 258 points, while the NSE Nifty finished up by 84 points. The S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1% and 0.9% respectively. Metal sector gained the most, followed by auto and power stocks.

NSE Nifty was up 84.30 points or 1 percent at 8475.80, while BSE Sensex closed up 258.24 points or 0.9 percent at 27375.58.

HDFC Bank remained top gainer in banking space with gains recorded at 2.02% and closing at Rs 1269.80 per share.

In what can be termed as a broad-based rally, all the major sectoral indices ended in green with BSE Metal gaining the most along with BSE Auto Index.

One day before the expiry, the market remained steady throughout the day witnessing some short covering in certain stocks like Page Industries Limited.

The European markets opened in green and aided the market sentiment locally for Indian markets.

BSE Oil & Gas, BSE Capital Goods and BSE Consumer Durables all closed in green gaining more than 1% on Tuesday.

Top Sensex gainers in today’s trade were Bajaj Auto, M&M & Adani Ports with each stock gaining more than 2.5%.

Ashok Leland, Motherson Sumi and BOSCH were all up by more than 2%.

IT stocks remained weak in today’s trade with Infosys closing in red.

Sugar and Paper stocks rallied in today trade.

Movers and Shakers in Tuesday’s market

Yes Bank: – The fifth largest private bank in India traded in red even as the major private banks traded in green. The company said that it has no immediate plans to raise capital via QIP. H Auto

HDFC Bank: – The stock as the top gainer in the NIFTY Bank index due to superior set of results.

Bajaj Auto: – The stock remained top auto gainer in today’s trade.

The rupee was trading at 68.14 per US dollar.

About 1572 shares have advanced, 1153 shares declined, and 305 shares were unchanged.

Top 5 Nifty Gainers: Bajaj Auto (3.42%), Adani Ports & Sez (2.72%), BHEL (2.41%), M&M (2.27%), and HDFC Bank (2.10%).

Top 5 Nifty Losers: Bharti Airtel (-1.00%), Infosys Ltd. (-0.76%), Hind. Unilever (-0.38%), ICICI Bank (-0.12%) and Wipro (-0.10%)

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Jan 23

Daily Market Commentary : 23rd Jan. 2017

Markets opened on weaker note on the first day of the week giving an impression of a tough week ahead. Within minutes of being down, markets recovered sharply with major indices recovering smartly in the early hours of the trade only to erase gains in the afternoon.

NSE Nifty gained 42.15 points at 8391.50, while BSE Sensex was up 82.84 points to close at 27117.34.

Markets in Europe were lower today after US President Donald Trump took office and promised to pursue a protectionist policy. France’s CAC, Germany’s DAX and Britain’s FTSE were up around 0.4 percent at the time of writing this article. Asia ended mixed.

GAIL remained the top gainer throughout the day with BSE Oil & Gas remaining one of the best sectoral performers.

Gail managed to close up by more than 2.4% at Rs 470 per share. Grasim, IDEA, Zee Entertainment were major index (Nifty) gainers. Larson & Toubro, Axis Bank, RIL and ICICI bank were the major Index losers on Monday.

BSE Metal Index remained the best performer with stocks like SAIL , Hindalco and Nalco closing up by more than 5%. Healthcare, Telecom and Capital Goods were the three sectors that underperformed in today’s trade.

Akshar Chem: The stock closes at its 52-w high even as the company announces major capex plans for coming

ICICI Bank: The stock reeled under selling pressure as the NPA provisioning is expected to take a toll on quarterly earnings for the bank.

Titan: The stock saw OI spurt and fresh long built up in positions.

Lupin gained 1.2 percent as the pharma major has received final approval for its Paroxetin extended release tablets that are used for the treatment of major depressive disorder, panic disorder, social anxiety disorder and premenstrual dysphoric disorder.

Hindustan Unilever was up 0.25 percent. After market hours, the company said profit in Q3 increased 7 percent year-on-year on one-time gain but margin and volume growth (at -4 percent) disappointed analysts.

The rupee was trading at 68.20 per US dollar.

The broader markets also traded in line with benchmarks. About 1610 shares advanced against 1137 declining shares on the BSE.

Top 5 Nifty Gainers: GAIL (2.23%), Tata Motors (1.88%), HDFC (1.88%), Hero Motocorp (1.55%), and Tata Steel (1.42%).

Top 5 Nifty Losers: ICICI Bank (-2.18%), L&T (-1.59%), Axis Bank (-1.22%), Sun Pharma (-1.08%) and Reliance Ind. (-0.70%)

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Jan 20

Daily Market Commentary : 20th Jan. 2017

The market ended in red after gaining for the last two days. The Nifty closed below 8350 ahead of Donald Trump’s inauguration as next President Of the United States.

NSE Nifty slipped 85.75 points or 1 percent at 8349.35, while BSE Sensex closed down 274.10 points or 1 percent at 27034.50.

Pharma and oil gas sectors underformed this week while FMCG stocks did better than other indices.

The PSU Banking sector fell 3% on the back of free fall in Canara and Allahabad Bank.

Metal, Media and Realty sectors tumbled more than 2%.

FMCG closed flat where the fall was followed by Mcdowell-N and ITC gaining 1.7% and 0.5% respectively.

Telecom sector stocks continued to rally where IDEA and Bharti Airtel remained top gainers while Axis Bank extended losses and remained among the top losers.

Axis Bank Ltd is currently trading at Rs 450.5, down by Rs 33.2 or 6.86% from its previous closing of Rs 483.7 on the BSE.

Axis Bank :- The bank dragged the index the most by losing more than 7% of its price on Friday.

Havells :- The mid cap stock closed up by more than 3% on a down day.

M&M finance:- The stock closed down by more than 6% in line with the mood of the market.

Meanwhile, MindTree ended 2 percent down post December quarter results. Analysts are concerned about its valuations.

The rupee was trading at 68.18 per US dollar.

Market breadth remained highly negative with 847 advances and 1856 declines.

Top 5 Nifty Gainers: Bharti Airtel (1.56%), Asian Paints (0.43%), ITC Ltd. (0.41%), Bajaj Auto (0.22%), and HDFC Bank (0.02%).

Top 5 Nifty Losers: Axis Bank (-7.17%), Adani Ports & Sez (-3.53%), BHEL (-2.79%), SBI (-2.71%) and Tata Steel (-2.50%)

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9891224488.