Feb 20

Daily Market Commentary : 20th Feb. 2017

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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%)

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Feb 17

Daily Market Commentary : 17th Feb. 2017

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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%)

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Feb 16

Daily Market Commentary : 16th Feb. 2017

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Benchmark indices snapped two-day losing streak on Thursday, driven by healthcare, technology and auto stocks.

Stock markets in India continued to trade on a firm note in the afternoon session. At the closing bell, the BSE Sensex stood higher by 146 points, while the NSE Nifty finished up by 53 points. Meanwhile, the S&P BSE Mid Cap finished & the S&P BSE Small Cap finished up by 1.3% and 1.4% respectively. Gains were largely seen in pharma stocks and realty stocks.

NSE Nifty closed at 8778 levels, up by 53.30 points or 0.61%, while BSE Sensex closed at 28301.27 levels, up by 145.71 points or 0.52%.

Asian stock markets finished mixed and showed caution on account of weaker US$ despite a strong overnight lead from Wall Street. The Shanghai Composite gained 0.52% and the Hang Seng rose 0.47%. The Nikkei 225 lost 0.47%. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.41% while France’s CAC 40 is off 0.37% and Germany’s DAX is lower by 0.21%.

Tata Group stocks traded in green on Thursday.

FMCG heavyweight player, ITC Limited closed at Rs 266.30 per share, down by Rs 6.70 per share or 2.60%. The stock contributed the most to the BSE FMCG index’s losses. Though the index was trading in red, Radico Khaitan is the top gainer in the index, closing at Rs 130 per share, up by Rs 9.70 per share or 8.06%.

Other FMCG stocks like KCP Sugar & Industries Corporation Ltd., Dalmia Bharat Sugar and Industries Ltd., Vadilal Industries Ltd., Goodricke Group Ltd., LT Foods Ltd., and Som Distilleries and Breweries Ltd., closed higher by 4%.

Broader Markets outperformed the major indices in Thursday’s trading session. BSE Mid-cap index closed at 13352.59 levels, up by 164.77 points or 1.25%. BSE Small-cap index closed at 13413.95 levels, up by 179.13 points or 1.35%.

Cadila Healthcare Ltd., closed at Rs 439.80 per share, up by Rs 81.40 per share or 22.71%.

JP Associates closed at Rs 13.75 per share, up by Rs 1.70 per share or 14.11%.

PNB Gilts Ltd., closed at Rs 57.35 per share, up by Rs 6.45 per share or 12.67%.

Bharat Forge closed at Rs 1081.15 per share, up by Rs 61.40 per share or 6.02%.

There were 1136 advances, 484 declines and 296 unchanged stocks on NSE, reflecting strong positive bias floating in the market. 37 stocks touched their fresh 52 week high; whereas 19 stocks touched their fresh 52 week low on NSE in Thursday’s trading session.

The rupee was trading at 67.07 per US dollar.

Top 5 Nifty Gainers: Sun Pharma (4.27%), Aurobindo Pharma Ltd. (4.10%), Infosys Ltd. (3.08%), Maruti Suzuki (2.87%), and Eicher Motors Ltd. (2.58%).

Top 5 Nifty Losers: ITC (-2.60%), Bharti Infratel Ltd. (-1.73%), Asian Paints (-1.15%), L&T (-1.01%) and BPCL (-0.81%)

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.