Category Archives: Market Summary

Feb 21

Daily Market Commentary : 21st Feb. 2017

Posted on by

Equity benchmarks retained its uptrend for the second consecutive session Tuesday(21st Feb. 2017), especially led by banks post Axis Bank merger talks and Reliance Industries after Reliance Jio tariff plans.

NSE Nifty closed at 8907.85 levels, up by 28.65 points or 0.32%, while BSE Sensex closed at 28761.59 levels, up by 100.01 points or 0.35%.

Nifty has managed to clock 1000 points gains since December 26, 2016. Nifty managed to close at 8900 levels in today’s trade for the first time since September 8, 2016.

Axis Bank was the top Nifty gainer; whereas Bharti Infratel was the top Nifty loser on Tuesday. Axis Bank closed at Rs 506.75 per share, up by 5.34%. Bharti Infratel closed at Rs 295.60 per share, down by 4.26%.

Broader markets outperformed the major indices in Tuesday’s(21st Feb. 2017) trading session. BSE Mid-cap index closed at 13585.33 levels, up by 70.84 points or 0.52%; while BSE Small-cap index closed at 13651.91 levels, up by 62.28 points or 0.46%.

BSE Mid-cap index touched record high of 13601.42 levels, up by 86.93 points or 0.64%. Jindal Steel & Power Limited was the top gainer in the Mid-cap index, and closed at Rs 109.50 per share, up by Rs 9.30 per share or 9.28%.

Nifty Bank Index closed at record high of 20860.95 levels, up by 183 points or 0.89%.

Bank of Maharashtra from the bunch of small-cap index stocks surged in the closing hours on Tuesday, to close at Rs 37.25 per share, up by Rs 4.70 per share or 14.44%.

Telecom companies traded under pressure after Reliance Industries’ chairman, Mukesh Ambani said that Reliance Jio has crossed the 100 million customers mark in just 170 days. Reliance Jio’s voice plans will remain free of cost even after March 31, 2017. But from April 1, 2017 data consumption will be charged.

Raymond Limited closed at Rs 570.35 per share, up by Rs 67.45 per share or 13.41%.

Man Industries (India) Ltd., closed at Rs 51.35 per share, up by Rs 5.65 per share or 12.36%.

Ujaas Energy Limited closed at Rs 36.55 per share, down by Rs 4.95 per share or 11.93%.

Bharti Airtel closed at Rs 360.55 per share, down by Rs 15.10 per share or 4.02%.

There were 908 advances, 699 declines and 305 unchanged stocks on NSE, reflecting a strong positive bias floating in the market. 71 stocks touched their fresh 52-week highs; whereas 12 stocks touched their fresh 52-week lows on NSE in Tuesday’s trading session.

Top 5 Nifty Gainers: Axis Bank (5.34%), Aurobindo Pharma Ltd. (2.24%), Tech Mahindra Ltd. (1.67%), Asian Paints (1.58%), and HDFC (1.41%).

Top 5 Nifty Losers: Bharti Infratel Ltd. (-4.26%), Bharti Airtel Ltd. (-3.86%), Tata Power Company Ltd. (-1.64%), TCS (-1.63%) and ITC (-1.18%)

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.

Feb 20

Daily Market Commentary : 20th Feb. 2017

Posted on by

The market started off the expiry week on a strong note, with the Nifty rising over five-month closing high on Monday aided largely by TCS, Infosys and HDFC Bank. GST Council’s approval to law for compensation to states and positive global cues also supported the market that gained strength in afternoon trade after consolidation in morning.

NSE Nifty ended up by 58 points, while BSE Sensex at 28661.58 up by 193 points.

Asian stock markets finished broadly higher today with shares in China leading the region. The Shanghai Composite is up 1.18% while Hong Kong’s Hang Seng is up 0.47% and Japan’s Nikkei 225 is up 0.09%. European markets too are higher today with shares in Germany leading the region. The DAX is up 0.65% while France’s CAC 40 is up 0.37% and London’s FTSE 100 is up 0.02%.

HDFC Bank and TCS put together are contributed over 50% to the Sensex gains. HDFC Bank closed in green up 2.18% and was the Sensex stock last week, due to the news that the restrictions placed on the foreign shareholding by RBI has been revised. TCS on the other hand, attracted volume as the company announced the buy-back of its equity shares.

In the 30-shares Sensex, 23 stocks are advanced while, 7 stocks are declined.

Stock view:

Tata Consultancy Services Ltd ended at Rs 2506.5, up by Rs 98.35 or 4.08% from its previous closing of Rs 2408.15 on the BSE.

The scrip opened at Rs 2419 and touched a high and low of Rs 2555 and Rs 2412 respectively. A total of 2184938(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 474508.6 crore.

The BSE group ‘A’ stock of face value Rs 1 touched a 52 week high of Rs 2740 on 16-Aug-2016 and a 52 week low of Rs 2054.7 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 2477.5 and Rs 2378.35 respectively.

The promoters holding in the company stood at 73.33 % while Institutions and Non-Institutions held 22.24 % and 4.44 % respectively.

The rupee was trading at 66.92 per US dollar.

Top 5 Nifty Gainers: TCS (4.03%), Tata Steel (3.89%), Infosys Ltd. (2.99%), GAIL (2.90%), and BPCL (2.80%).

Top 5 Nifty Losers: Axis Bank (-1.88%),. Bosch Ltd. (-0.95%), Tech Mahindra Ltd. (-0.78%), Yes Bank (-0.76%) and Dr. Reddy’s Lab Ltd. (-0.75%)

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.

Feb 17

Daily Market Commentary : 17th Feb. 2017

Posted on by

The market breadth was balanced today(17th February 2017).

Stock markets in India continued to trade on a positive note in the afternoon session and finished firm for fourth consecutive session. At the closing bell, the BSE Sensex stood higher by 167 points, while the NSE Nifty finished up by 44 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 0.5% and 0.4% respectively. Gains were largely seen in pharma stocks, oil & gas stocks and bank stocks.

NSE Nifty closed at 8821.70 levels, up by 43.70 points or 0.50%;, while BSE Sensex closed at 28468.75 levels, up by 167.48 points or 0.59%.

Asian stock markets finished lower today with shares in China leading the region. The Shanghai Composite is down 0.85% while Japan’s Nikkei 225 is off 0.58% and Hong Kong’s Hang Seng is lower by 0.31%. European markets are lower today with shares in France off the most. The CAC 40 is down 0.85% while Germany’s DAX is off 0.35% and London’s FTSE 100 is lower by 0.24%.

HDFC Bank Limited was the top performer in the morning hours on Friday. The stock opened at Rs 1445 per share, up by Rs 117.1 per share or 8.81%. It touched a high of Rs 1454 per share, up by Rs 126.10 per share or 9.49%. However, the stock managed to close at Rs 1375 per share, up by Rs 47.10 per share or 3.55%.

HDFC Bank Limited pushed the Bank Nifty up to an all-time high of 21042.35 levels, gaining 798.65 points or 3.94%.

Axis Bank bucked the trend in banking space, and closed down by 0.81%. SBI, PNB and BoB closed in negative territory, down in the range of 0.60% to 0.80%.

ICICI Bank closed up by 1.70%. IndusInd Bank closed up by 1.16%.

Nifty Pharma index was the top gainer among the sectoral indices. The index closed at 10605.95 levels, up by 198.20 points or 1.9%.

Zydus has received final approval from the USFDA for Fluconazole Tablets USP and Clobetasol Propionate Spray. The stock touched its fresh 52 week high of Rs 460.75 per share, up by Rs 31.25 per share or 7.27%.

BSE Metal index closed in red, down by 0.67%. BSE IT index closed down by 1.10%. BSE Telecom index closed down by 0.33%. BSE Auto Index closed down by 0.20%.

Broader markets closed in positive territory. BSE Mid-cap index closed at 13422.89 levels, up by 70.30 points or 0.53%. BSE Small-cap index closed at 13467.64 levels, up by 53.69 points or 0.40%.

IFB Industries Ltd., closed at Rs 640 per share, up by Rs 88.25 per share or 15.99%.

HBL Power Systems Ltd., closed at Rs 44.25 per share, up by Rs 5.05 per share or 12.88%.

Reliance Capital Ltd., closed at Rs 516.60 per share, up by Rs 27.10 per share or 5.54%.

There were 866 advances, 757 declines and 292 unchanged stocks on NSE, reflecting the strong positive sentiments floating in the market.

The rupee was trading at 67.01 per US dollar.

Top 5 Nifty Gainers: Sun Pharma (3.67%), HDFC Bank (3.55%), ICICI Bank (2.08%), GAIL (1.98%), and CIPLA (1.44%).

Top 5 Nifty Losers: Bharti Infratel Ltd (-3.68%),. Hindalco Industries Limited (-2.32%), IDEA (-1.81%), Wipro (-1.37%) and Eicher Motors Ltd. (-1.35%)

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.