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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Mar 24

Daily Market Commentary : 24th March 2017

Recovery continues in Nifty and SENSEX on 2nd day due to Bank Nifty.

NSE Nifty closed at 9108 levels, up by 21.7 points or 0.24%, while BSE Sensex closed at 29,421 levels, up by 89.24 points or 0.30%.

Both the indices closed higher for second consecutive session, backed by banks on hopes of early NPA resolution.

The Nifty to remain in a range of 9015-9210 levels next week as well, citing lack of triggers. According to them, next trigger for the market would be March quarter earnings that are expected to be good.

Bank of India share price rose 5%, Bank of Baroda share price surged 4.3%, and SBI share price was up 2.8% on the BSE. Buying was also seen in private lenders, with ICICI Bank share price and Axis Bank share price finishing firm.

GRASIM IND. share price fall -3.17%%, TECH MAHINDRA share price declined -1.70%, and ZEE ENTERTAINMENT share price was down -1.51% on the BSE. Major sell of was also seen in AMBUJA CEMENT share price fall by -1.38% and TCS share price declined by -1.30%.

Power Grid Corporation of India share price finished the trading day up by 0.4% after it was reported that the company has commenced commercial operation of its 800 Kilovolt HVDC Champa-Kurukshetra Pole I project.

The power line is part of 800 kV, 3,000 Megawatt western-northern region HVDC interconnector transmission system for independent power projects in Chhattisgarh. The 2,576 circuit km Champa-Kurukshetra line has been set up at a cost of Rs 63 billion.

For the week, the market reversed some gains on profit booking amid consolidation as investors awaited March quarter earnings due next month. The Sensex was down 0.8 percent and Nifty fell 0.6 percent, traders reduces their positions due to upcoming voting on Trumps medical bill.

Yes Bank’s shares rise 2% after strong response to QIP issue.

Sun Pharma share price finished down by 0.1% on the BSE.

Power stocks finished the day on a strong note with SJVN share price and KSK Energy share price leading the gains.

The rupee was closed at 65.41 per US dollar in Today’s trading, rupee appreciated by 12 Paise.

Top 5 Nifty Gainers: BANK OF BARODA (3.95%), SBI(2.89%), ICICI BANK(2.79%), KOTAK MAH. BANK(1.77%), GAIL(1.43%).

Top 5 Nifty Losers: GRASIM IND.(-3.17%), TECH MAHINDRA(-1.70%), ZEE ENTERTAINMENT(-1.51%), AMBUJA CEMENT(-1.38%), TCS(-1.30%)

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Mar 07

Daily Market Commentary : 7th March. 2017

Indian share markets finished the trading day well below the dotted line.

Equity benchmarks closed mildly in red amid consolidation on Tuesday as cautious investors booked profits ahead of last phase of voting for Uttar Pradesh elections.

NSE Nifty closed at 8946 levels, down by 17 points or 0.2%, while BSE Sensex closed at 28986 levels, down by 61 points or 0.1%.

Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.36% and the Shanghai Composite rose 0.26%. The Nikkei 225 lost 0.18%. European markets are mixed today. The DAX is up 0.15% while the FTSE 100 gains 0.15%. The CAC 40 is off 0.18%.

Adani Ports was the top Nifty gainer whereas, Hindalco was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed up 0.1% at 13,503 whereas, BSE Small-cap Index closed up 0.03% at 13,675.

Inox Leisure surged over 14% in closing sessions of Monday’s trade. The stock closed at Rs 266 up by Rs 30 per share or 12%.

Eros International soared over 6% on intraday basis and closed at Rs 227 up by Rs 13 per share or 6%.

Brigade Enterprises closed at Rs 203 per share, up by Rs 21 per share or nearly 11%.

Vadilal Industries closed at Rs 783 per share, up by Rs 82 per share or 11%.

Delta Corp closed at Rs 170 per share, up by Rs 16 per share or nearly 10%.

Lycos Internet closed at Rs 7 per share, up by Rs 0.7 per share or 9%.

There were 667 advances, 959 declines and 297 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 66.66 per US dollar.

Top 5 Nifty Gainers: Adani Ports & Sez (1.93%), TCS (1.31%), BPCL (1.19%), Indusind Bank (1.16%) and ONGC (1.14%).

Top 5 Nifty Losers: Hindalco Industries Ltd. (-3.26%), Tata Steel (-2.09%), Infosys Ltd. (-1.46%), Lupin Ltd. (-1.37%) and Axis Bank (-1.28%)

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