Apr 06

Daily Market Commentary : 6th April 2017

Indian share markets finished the trading day on a flat note after RBI maintained ‘status-quo’ in its 1st bi-monthly monetary policy review of FY18. Market staged a recovery after the central bank maintained a status quo on repo rate; real estate stocks gained on the back of its decision to allow banks to invest in REITs.

NSE Nifty closed at 9262 levels, down by 3 points, while BSE Sensex closed at 29,927 levels, down 47 points or 0.16%.

Midcap indices outperformed with 0.15% gains while Smallcap underperformed with 0.23% loss. Market breadth

Asian equity markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.33%, while the Nikkei 225 led the Hang Seng lower. They fell 1.40% and 0.52% respectively. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.60% while Germany’s DAX is off 0.49% and France’s CAC 40 is lower by 0.18%.

Tata Steel, ZEEL unexpectedly topped the gainers list followed by Bajaj Auto. Hindalco, ITC and SBIN were the top losers.

On the sector specific front, Realty remained positive for the second day in a row with 0.9% gains. Energy gained 1.2%.  FMCG and PSU Bank lost more than 1%.

Jindal Steel closed at Rs 132.7 per share up by Rs 8.4 or 6.7%.

Adani Power closed at Rs 44.25 per share up by Rs 2.2 or 5.2%.

Ansal Property Infrastructure Ltd closed at Rs 18.7 per share, up by Rs 2.6 or 16%.

Navkar Corporation Limited closed at by Rs 208.4 per share up by Rs 27 or 15%.

Market breadth remained negative with 764 advances, 888 declines and 282 unchanged stocks on NSE, reflecting negative bias.

The rupee was trading at 64.97 per US dollar.

Top 5 Nifty Gainers: Tata Steel (2.05%), Zee Entertainment Ltd. (1.78%), Bajaj Auto (1.67%), Ambuja Cement Ltd. (1.63%) and UltraTech Cement Ltd. (1.46%).

Top 5 Nifty Losers: Hindalco Industries Ltd. (-2.19%), ITC (-1.77%), SBI (-1.72%), ICICI Bank    (-1.63%) and Coal India Ltd. (-1.28%)

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Apr 05

Daily Market Commentary : 5th April 2017

Todays SENSEX after 2 years rich to 30k mark but close at 29974.24(+64.02).

BSE Sensex closed 64.02 points, or 0.21 per cent, up at 29,974.24, while the 50-share NSE Nifty index settled 27.30 points, or 0.30 per cent, up at 9,265.15.

Ahead of RBI’s Monetary Policy Committee decision on Thursday Banking Stocks goes up.

BSE Mid-cap Index closed up 0.46% at 14256 whereas, BSE Small-cap Index closed up 1.1% at 14785.

Adani Ports and Maruti Suzuki surged 4% plus and topped the list whereas, HDFC and HCLTECH were the top losers with 2% and more losses.

On the sector specific front, Nifty Realty and Media indices surged 3.1% and 2.1% respectively. On the contrary, defensive like IT and FMCG posted losses worth 0.7% and 0.2%. Financial services too sustained pessimism with 0.25% loss.

HEG closed at Rs 270 per share up by Rs 45 or 20%.

Graphite closed at Rs 134 per share up by Rs 19.4 or 17%.

MFSL Ltd closed at Rs 595 per share, up by Rs 27 or 4.8%.

Reliance Communications Limited closed at by Rs 41 per share up by Rs 1.85 or 4.76%.

The rupee was trading at 64.87 per US dollar.

Top 5 Nifty Gainers: ADANIPORTS(4.57%), MARUTI(4.33%), RELIANCE(2.94%), ZEEL(2.76%), HINDALCO(2.17%).

Top 5 Nifty Losers: HDFC(-2.72%), HCLTECH(-2.11%), COALINDIA(-1.69%), INFY(-1.35%), TECHM(-1.35%)

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Apr 03

Daily Market Commentary : 3rd April 2017

Indian share markets continued to witness buying momentum in the afternoon session and finished on a strong note.

NSE Nifty closed at 9237 levels, up by 64 points or 0.7%. BSE Sensex closed at 29,910 levels, up by 289 points or 0.3%. Reliance, ICICI, L&T and HDFC were the top contributors to the Nifty gains.

Nifty 50 index closed at its record close on Monday and the 30-share Sensex closed 90 points away from it 30,000 mark

While, BSE Mid-cap Index closed up 0.6% at 14189 whereas, BSE Small-cap Index closed up 1.2% at 14620.

Asian stock markets finished higher today with shares in Hong Kong leading the region. The Hang Seng is up 0.62% while Japan’s Nikkei 225 is up 0.39% and China’s Shanghai Composite is up 0.38%. European markets are mixed today. The DAX is up 0.29% while the FTSE 100 gains 0.12%. The CAC 40 is off 0.05%.

According to Finance Minister Arun Jaitley has expressed his confidence that India’s GDP will grow at 7.2% in 2017 and at the rate of 7.7 per cent in 2018. He also pointed out that global growth is moving upwards but emerging market economies (EMEs) face newer challenges from growing protectionism of some economies, global financial condition, policies of the United States

The Minister has stated that India has sought US$2 billion loans for various projects from the New Development Bank (NDB), whose core mandate is sustainable infrastructure development and which is set up by the emerging countries such as India, China, Brazil, Russia, and South Africa.

BSE Telecom and IT indices were the top losing index on Monday’s trading session. Bharti Airtel was dragging the BSE Telecom index down, while Infosys was pulling the BSE IT index to its day’s lows.

Bharti Airtel closed at Rs 342 per share up by Rs 7 or 2.2% , and Infosys closed at Rs 1009 per share up by Rs 11 or 1.1%.

Bajaj Electricals Ltd closed at Rs 375 per share, up by Rs 62 or 20%.

Kridhan Infra Limited closed at by Rs 61 per share up by Rs 10 or 19%.

Udaipur Cement Works closed at Rs 34 per share up by Rs 5 or 19%.

Orhcid Pharma closed at Rs 31 per share up by Rs 5 or 19%.

The rupee was trading at 64.91 per US dollar.

Top 5 Nifty Gainers: LT(5.63%), DRREDDY(4.04%), RELIANCE(3.96%), ICICIBANK(3.54), HDFC(2.32%).

Top 5 Nifty Losers: BHARTIARTL(-2.30%), WIPRO(-1.68%), IOC(-1.56%), BPCL(-1.53%), INDUSINDBK(-1.32%)

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