Tag Archives: Equity market summary

Jan 23

Daily Market Commentary – 23 Jan 2015

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Indian equity market witnessed the big early trade rally led by the higher than expected size of the  stimulus program by ECB. Broad based indices Nifty and Sensex hits fresh high for the fourth consecutive  day of 8,866 and 29,408 respectively. Nifty ended the week at above the crucial level of 8,800 by gaining  74.20 points at 8,835.60 while Sensex ends at 29,278.84 surging 272.82 points.

The trigger for today’s rally was a 1.1 trillion euro stimulus announcement by the European Central Bank  overnight. The ECB said it would buy government bonds from this March until the end of September 2016  to kick-start the stagnant eurozone economy.

The rupee appreciated against the dollar, up 27 paise to 61.42 on dollar selling by exporters amid sustained capital inflows. Soaring domestic equity markets also supported the rupee.

Among the sectorial indices of NSE CNX AUTO led the gainers by surging 1.60%, followed by CNX  REALTY (1.50%) and CNX METAL (0.86%) while CNX MEDIA was only loser of the day, plunged by  0.07%.

Market Breath remained negative for the day with 821 shares ended in red, 403 in green and 33 remain  unchanged.

Out of 50 stocks of Nifty 31 were advanced and 19 were declined.

Top 5 Nifty Gainers: TATA POWER (6.24%), DLF (5.63%), CIPLA (4.15%), CAIRN (3.98%) and JINDAL  STEEL (3.68%)

Top 5 Nifty Losers: PNB (-2.68%), BHEL (-1.90%), GAIL (-1.87%), LUPIN (-1.29%), and HCL (-1.18%)

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Jan 22

Daily Market Commentary – 22 Jan 2015

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Indian equity market ended positive for the 7th straight trading session led by strong buying by FIIs. Meanwhile broad based indices rallied in defined range throughout the day. Sensex for the 3rd consecuitve day hits its fresh high of 29,060 and wrapped up session at 29,006.02 gained 117.16 points or 0.41%. Sensex moves 28,000 to 29,000 mark in just two and a half months. It had hit 28,000 mark on Nov 5, 2014. Tracking the momentum Nifty surged 31.90 points to end the day at 8,761.40, after hitting all time high of 8,772.

Indian Markets extending its gain a ahead of European Central Bank meeting outcome later in the day on the hopes of quantitative easing by the European Central Bank.

The rupee traded flat to marginally lower as the dollar strengthened overseas. The rupee pared its early trade gain on mild bouts of dollar demand by importers. USDINR pair ended at 61.69 against a close of 61.74 yesterday.

Among the sectorial indices CNX Pharama (1.67%) was the biggest gainer followed by CNX Auto (0.71%) and CNX Media (0.70%) while CNX Energy (-0.84%) was the top loser. Most of the other sectorial indices ended in green terrain.

Market breath of NSE remain Negative for the day with 641 negative against 580 positve and 47 remian unchanged.

Out of 50 stocks of Nifty 31 ended in green, 13 in red and 1 reamin unchanged.

Top 5 Nifty Gainers: Sun Pharma (3.62%), Axis Bank (3.61%), DLF (3.48%), Tata Motors (2.65%) and IDFC (2.47%).

Top 5 Nifty Losers: Reliance (-2.49%), NTPC (-2.16%), PNB (-1.50%), HCL (-1.50%) and Tech Mahindra (-1.27%).

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Jan 21

Daily Market Commentary – 21 Jan 2015

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Indian equity market continued its northward momentum for the 6th consecutive day after the surprise rate cut by RBI, meanwhile market moved in small range but remained positive throughout the day. Broad based index Sensex ended the day at 28,888.86 surged by 104.19 points or 0.36% and Nifty wrapped up the today’s trading session at 8,729.50 up by 33.90 points or 0.39%.

ITC fell after the FMCG major’s cigarette volume growth failed to meet Street estimates.ITC, India’s biggest cigarette maker, reported over 10 per cent year-on-year(y-o-y) jump in its net profit to Rs 2,635 crore for the quarter ending December 31, 2014. Revenues for the quarter stood at Rs 8,800 crore against Rs 9,675 crore estimated by analysts poll. Cigarette sales, which contributes nearly 50 per cent to the overall revenues remained flat at Rs 4,142 crore.

The rupee strengthened by 6.5 paise to 61.6250 against the US dollar in trade today, extending its rising streak for the fifth straight day at the foreign exchange on selling of the US currency by exporters and banks.

Among the Sectorial indices on NSE, CNX PSU BANK led the gainers list by surging 2.45%. CNX IT (1.01%) and CNX FINANCE (0.69%) are other top gainer. While CNX FMCG (-1.98%) was the biggest loser followed by CNX MEDIA (-1.29%) and CNX METAL (-0.66%).

The market breadth on the NSE was negative as 750 stocks were declining as against 483 stocks advancing and 49 remain unchanged.

Out of 50 stocks of Nifty 29 were advanced while 21 declined.

Top 5 Nifty Gainers: HUL (5.35%), BOB (3.77%), BHARTI AIRTEL (3.76%), PNB (3.35%) and HDFC (3.08%)

Top 5 Nifty Losers: ITC (-5.21%), CIPLA (-2.93%), ZEEL (-2.30%), SESA STERLITE (-2.25%) and NMDC (-1.92%)

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