Mar 29

Daily Market Commentary : 29th March 2017

Today Indian share markets finished the trading day on a positive note.

NSE Nifty closed at 9143 levels, up by 43 points or 0.4%, while BSE Sensex closed at 29,531 levels, up by 121 points or 0.4%.

Bharti Infratel share price rallied 5.4% after a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB) bought 10.3% stake in tower infrastructure firm from open market. The consideration from stake sale is Rs 68.1 billion.

Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.19% and the Nikkei 225 rose 0.08%. The Shanghai Composite lost 0.36%. European markets are higher today with shares in Germany leading the region. The DAX is up 0.56% while France’s CAC 40 is up 0.25% and London’s FTSE 100 is up 0.03%.

While, BSE Mid-cap Index closed up 0.31% at 13930 whereas, BSE Small-cap Index closed up 0.31% at 14196.

UCAL Fuel Systems limited closed at Rs 218 per share, up by Rs 36 per or 19%

Nutraplus India Limited closed at Rs 24 per share, up by Rs 4 or nearly 19%.

Kolte-Patil Developers Limited closed at Rs 189 per share, up by Rs 27 or 17%.

Shalimar Paints Limited closed at Rs 171 per share, up by Rs 19 per share or 13%.

There were 597 advances, 824 declines and 351 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 64.90 per US dollar.

Top 5 Nifty Gainers: INFRATEL(6.07%), SBIN (2.34%), ICICI BANK (1.91%), HCLTECH (1.64%) and HINDALCO (1.53%).

Top 5 Nifty Losers: HERO MOTO CO. (-2.68%), SUN PHARMA (-1.80%), AURO PHARMA (-1.33%), GRASIM. (-0.91%) and TATAMTRDVR (-0.82%)

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Mar 28

Daily Market Commentary : 28th March 2017

Driven by a rally in banking stocks, the market closed the day in the green zone, with the Nifty reclaiming 9100. The rally was also seen on the back of domestic developments on the GST front. This, coupled with strong Asian market movements, pushed the indices higher here.

NSE Nifty closed at 9100 levels, up by 55 points or 0.6%, while BSE Sensex closed at 29,409 levels, up by 172 points or 0.5%.

Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.14% and the Hang Seng rose 0.63%. The Shanghai Composite lost 0.43%. European markets are mixed today. The DAX is up 0.64% while the FTSE 100 gains 0.12%. The CAC 40 is off 0.05%.

Eicher Motors was the top Nifty gainer whereas, Tech Mahindra was the top Nifty loser in Tuesday’s trading session.

While, BSE Mid-cap Index closed up 0.7% at 13910 whereas, BSE Small-cap Index closed up 0.6% at 14157.

Poly Medicure closed at Rs 279 per share, up by Rs 46 per or 19%.

Dishman Pharmaceutical & Chemicals closed at Rs 278 per share, up by Rs 46 or nearly 19%.

OK Play India Ltd closed at Rs 145 per share, up by Rs 24 or 19%.

Neuland Laboratories closed at Rs 1497 per share, up by Rs 234 per share or 18%.

There were 889 advances, 729 declines and 307 unchanged stocks on NSE, reflecting bullish undertone floating in the market.

The rupee was trading at 65.03 per US dollar.

Top 5 Nifty Gainers: Eicher Motors Ltd. (3.86%), Axis Bank (3.51%), Tata Motors (3.01%), Zee Entertainment Enterprises Ltd. (2.69%) and Tata Power (2.18%).

Top 5 Nifty Losers: Tech Mahindra Ltd. (-2.75%), Kotal Bank (-1.28%), ONGC (-1.06%), Coal India Ltd. (-0.41%) and Hero MotoCorp Ltd. (-0.40%)

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Mar 27

Daily Market Commentary : 27th March 2017

Indian share markets continued to witness selling pressure in the afternoon session amid weak global markets.

NSE Nifty closed at 9045 levels, down by 62 points or 0.6%, while BSE Sensex closed at 29,233 levels, down by 187 points or 0.6%.

Asian stock markets finished broadly lower today amid rising doubts over U.S. President Donald Trump’s ability to pass legislative reforms after Republican leaders pulled a bill to overhaul the U.S. health care system. The Nikkei 225 is down 1.44% while Hong Kong’s Hang Seng is off 0.68% and China’s Shanghai Composite is lower by 0.08%. European markets are lower today with shares in Germany off the most. The DAX is down 0.73% while London’s FTSE 100 is off 0.62% and France’s CAC 40 is lower by 0.45%.

Bank of Baroda was the top Nifty gainer whereas, Idea Cellular was the top Nifty loser in Monday’s trading session.

While, BSE Mid-cap Index closed down 0.2% at 13812 whereas, BSE Small-cap Index closed down 0.04% at 14071.

BSE Metal index was the top losing index on Monday’s trade, with Tata Steel pulling the index to its lows.

Tata Steel closed at Rs 476 per share down by Rs 16 or 3.3%

Alankit closed at Rs 22 per share, up by Rs 2 per or 10%.

Ballarpur Industries closed at Rs 20 per share, up by Rs 1 or nearly 10%.

Venky’s India closed at Rs 921 per share, up by Rs 83 or 10%.

RPG Life Sciences closed at Rs 469 per share, up by Rs 42 per share or 9%.

There were 648 advances, 992 declines and 296 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 65.03 per US dollar.

Top 5 Nifty Gainers: Bank of Baroda (1.69%), Bharti Infratel Ltd. (1.56%), IndusInd Bank (1.11%), Power Grid Corporation Ltd. (1.06%) and HDFC (0.98%).

Top 5 Nifty Losers: IDEA (-3.63%), Tata Steel (-3.51%), Hindalco Industries Ltd. (-3.44%), Reliance Industries Ltd. (-2.97%) and HCL Technologies Ltd. (-2.45%)

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