Tag Archives: Equity market summary

Jan 20

Daily Market Commentary – 20 Jan 2015

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Indian equity market continued its bull run after starting a week on positive in previous session led by buying on metal, banking and FMCG stocks. Front line index Nifty hits a fresh high of 8707 in today’s trade. Nifty ended the day at at 8,695.60 surging by 144.90 points or 1.69% while Sensex also hits its new high of 28,826.50. BSE index rose 522.66 points or 1.85% and wrapped up the session at 28,784.67. Tracking the momentum, as much as 87 stocks rose to their fresh 52-week highs on the National stock Exchange.

Shares of Sesa Sterlite soars on the report that the company may soon restart mining in Goa where it holds significant number of iron ore mines, Awaited for environment clearances.

The rupee traded flat to marginally lower as the dollar strengthened overseas. The rupee slipped from a two-month high , ended at 61.72 against a close of 61.71 yesterday.

Among the sectorial indices CNX METAL (3.06%) was the biggest gainer followed by CNX FINANCE (2.46%) and BANK NIFTY (1.86%). All other indices ended in green terrain.

Market breath of NSE remain positive for the day with 693 positve, 542 negative and 35 remian unchanged.

Out of 50 stocks of Nifty 37 ended in green and 13 in red.

Top 5 Nifty Gainers: Sesagoa Sterlite (5.88%), HDFC (5.78%), Tata Steel (4.74%), Axis Bank (4.39%) and Tata Motors (3.98%).

Top 5 Nifty Losers: GAIL (-2.62%), Tata Power (-1.15%), Dr Reddy (-0.72%), Powergrid (-0.64%) and Maruti (-0.57%).

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Jan 16

Daily Market Commentary – 16 Jan 2015

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Indian benchmark indices managed to end in the green zone after opening negative to a previous close. The market traded in a very narrow range throughout the day after a big rally in the previous session. The broad indices Nifty is up 19.65 points or 0.23% and wrapped up a week at 8513.80 and the Sensex is up 46.34 points or 0.17% ending at 28,121.89.

Shares in Tata Consultancy Services, India’s biggest software services exporter, fell 2% after it reported flat sequential US dollar revenue growth for the December quarter compared with some analysts estimates of 0.5%. The company’s quarterly net profit grew 5.1 per cent year-on-year, and TCS said it expected strong outsourcing deals momentum to boost growth in the quarters ahead.

Among sectoral indices, CNX MEDIA (4.03%) led the gainers and accompanied by CNX PHARMA (1.51%), CNX FMCG (0.96%) and CNX ENERGY (0.55%). Among the losers, CNX PSU BANK plunged most (-1.53%) and followed by CNX IT (-0.09%) and Bank Nifty (-0.06%)

The rupee strengthened to a fresh one month high of 61.79, ended the week at 61.87 level up by 18 paisa against a close of 62.05 yesterday. Dollar weakness against Asian currencies supported the rupee.

Market breadth remained negative all day long on the NSE with 549 gainers against 653 losers and 44 remaining unchanged.

Out of 50 stocks of Nifty, 26 stocks advanced while 24 stocks declined.

Top 5 Nifty Gainers: ZEEL today took the baton and charged the rally at Nifty by gaining 4.63% and chased by SUN PHARMA (3.22%), COAL INDIA (3.04%), POWERGRID (2.97%) and HCL (2.81%).

Top 5 Nifty Losers: PNB emerged as most losing stock on the Nifty plunging by (-2.38%) and followed by CAIRN (-2.11%), HINDALCO (-2.11%), BHARTI AIRTEL (-1.93%) and HERO MOTOR CORP (-1.88%).

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Jan 15

Daily Market Commentary – 15 Jan 2015

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Indian equity market rebound on the back of surprise move of RBI on rate cut. 50 shares index surged 216 points to end the day inch closer to 8500 at 8494.15 up by 2.62% while Sensex soars more than 725 points to reclaim its crucial psychological level of 28000, and wrapped the session at 28,075.55 up by 2.66%.

The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on early morning, making its first reduction since May 2013, as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit.

The rupee also jumped by over 22 paise or nearly 0.35 per cent to trade at 61.98 against the dollar today.

Reacting to the news, shares in rate sensitive sectors such as banks, realty, capital goods surged in trade after the RBI action. CNX REALTY top was the top gainer among the sectorial indices,surging 8.32% followed by CNX FINANCE (4.52%), CNX PSU BANK (4.48%) and BANK NIFTY (3.40%). All other sectorial indices ended the day in positive zone.

Meanwhile USDINR Pair gained after 5 days downward momentum and ended the day at 62.18 surged by 1.15% or 0.035 paisa.

Market Breath remained positive for the day with 785 shares ended in green, 423 in red and 33 remain unchanged.

Out of 50 stocks of Nifty 44 stocks advanced, 5 declined and 1 remained same as previous close.

Top 5 Nifty Gainers: DLF (9.19%), HDFC (6.58%), IDFC (6.10%), ULTRA CEMENT (5.95%) and POWERGRID (4.92%) led the gainers list.

Top 5 Nifty Losers: BHEL (-0.78%), TECH MAHINDRA (-0.61%), ASIAN PAINTS (-0.55%), HINDALCO (-0.46%), and HUL (-0.11%)

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