Apr 11

Daily Market Commentary : 11th April 2017

Indian benchmark indices entirely recovered previous day’s losses. Markets sustained optimism at the day’s close. Markets surged in the morning hours and then consolidated throughout the day with minor upside moves

Nifty and Sensex closed at 9236 and 29788 gaining 55 and 212 points respectively from the previous close.

Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.60%, while the Hang Seng & the Nikkei 225 fell 0.72% and 0.27% respectively. European markets are mixed. The FTSE 100 is higher by 0.45%, while the DAX is leading the CAC 40 lower. They are down 0.23% and 0.11% respectively.

On sector specific front PSU Bank surged 2%. FMCG, Realty and and all other Banking and Financial sectors followed with 1% or more. Metal and Media were the only major sectors that slid 1.5% and 0.6%.

ITC, ICICI Bank and Ambuja Cements were the top gainers while Adani Ports, ZEEL and Tata Power were the top losers for the Nifty.

Kopran closed at Rs 97 per share up by Rs 14.45 or 17.5%.

Honda Power closed at Rs 1465 per share up by Rs 130 or 9.7%.

Nitco Ltd closed at Rs 67 per share, up by Rs 5.5 or 9%.

KTK Bank closed at Rs 159.3 per share up by Rs 13 or 9%.

The Midcap index gained 0.4% but underperformed the benchmark while Smallcap outperformed with 1% gains. Market breadth remained highly positive with 1035 advances and 631 declines on NSE reflecting positive bias.

The rupee was trading at 64.54 per US dollar.

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Apr 10

Daily Market Commentary : 10th April 2017

Indian share markets edged lower in the afternoon session as investors awaited March-quarter earnings results.

NSE Nifty closed at 9177 with 0.23% loss; while BSE Sensex closed at 29576, shedding 130 points from the previous close.

Markets were dragged majorly by Infosys, ahead of the corporate earnings data due on April 13, 2017.

Broader markets outperformed the benchmark indices where Smallcap and Midcap closed with 0.6% plus gains.

RBL Bank share price surged 5.5% after the bank entered the list of India’s 10 most valuable banks. RBL Bank stock was trading at new record high of Rs 587.50 on the BSE.

Asian equity markets finished mixed as of the most recent closing prices amid rising worries about geopolitical risks. The Nikkei 225 gained 0.71%, while the Shanghai Composite and the Hang Seng indices declined. They fell 0.52% and 0.02% respectively. European markets are trading lower. The FTSE 100 is higher by 0.07%, while the CAC 40 and DAX are trading lower. They are down 0.42% and 0.14% respectively.

IOC, BPCL and Grasim were the top gainers with 3% plus gains; while Infosys came in as the top loser with 3.1% losses. Asian Paints and India bulls Housing Finance followed with 2.2% and 2% losses respectively.

Apollo tyres share price finished the day up by 1.9% on the BSE.

Adani Transmission closed at Rs 94.15 per share, up by Rs 12.8 or 15.73%.

Madhucon Projects closed at Rs 53.4 per share, up by Rs 6.3 or 13.4%.

Tata Sponge Iron closed at Rs 826 per share, up by Rs 97 or 13.3%.

Bhushan Steel closed at Rs 68.35 per share, up by Rs 8 or 13.3%.

The rupee was trading at 64.44 per US dollar.

Top 5 Nifty Gainers: IOC (3.55%), BPCL (3.21%), GRASIM (3.14%), YESBANK (2.98%) and INFRATEL (2.42%).

Top 5 Nifty Losers: INFY(-3.11%), ASIANPAINT(-2.21%), IBULHSGFIN(-2.09%), HCLTECH(-1.89%) and WIPRO(-1.57%)

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Apr 07

Daily Market Commentary : 7th April 2017

Indian benchmark indices kicked off on a negative note followed by global geopolitical cues, remained subdued throughout the session majorly driven by pharma sector. Markets tumbled in the last half an hour following Arun Jaitley’s comment on income profiles of domestic individuals

NSE Nifty closed hit below 9200 mark and closed at 9198, while BSE Sensex shed 220 points and closed at 29706.

Broader markets too retreated to close marginally lower by 0.3% and 0.47% for Midcap and Smallcap. Apart from Media and Pharma, Metal, PSU Banks and Realty too tumbled more than 1% on closing basis.

Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.36% and the Shanghai Composite rose 0.17%. The Hang Seng lost 0.03%. European markets are mixed to lower. Shares in Germany are off as the DAX drops 0.52%. The CAC 40 is down 0.34% while the FTSE 100 in London is unchanged.

BPCL and IOC sustained as the top gainers with 4.6% and 3% respectively. Bharti Infratel followed with 2.6% gains. Bank of Baroda tumbled 3.7% followed by Sun Pharma and Lupin closing below 2.7% each.

Simplex Infra closed at Rs 371.85 per share up by Rs 54 or 17%.

ESL closed at Rs 5.84 per share up by Rs 0.76 or 15%.

Dhanlaxmi Bank closed at Rs 36.5 per share, up by Rs 4.65 or 14.6%.

Gammon Infra closed at Rs 4.88by per share up by Rs 0.58 or 13.5%.

Market breadth turned negative with 642 advances and 1022 declines and 275 remained unchanged on, reflecting negative bias.

The rupee was trading at 64.39 per US dollar.

Top 5 Nifty Gainers: BPCL (4.58%), IOC (3.02%), Bharti Infratel Ltd. (2.59%), TCS (1.33%) and Bharti Airtel (0.89%).

Top 5 Nifty Losers: Bank of Baroda (-3.66%), Sun Pharma (-2.90%), Lupin India Ltd. (-2.77%), Adani Ports and Sez Ltd. (-2.41%) and Kotak Bank (-2.39%)

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