Tag Archives: Equity market summary

Jan 14

Daily Market Commentary – 14 Jan 2015

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Witnessing the wide movement Indian equity market ended the day in negative territory led by declines in ITC on worries the government may ban sale of loose cigarettes, while metal stocks slumped, tracking falls in commodities on global growth concerns. The broad-based index Nifty slumped by 21.85 points and closed at 8,277.55 down 0.26%, while Sensex, loosing 78 points wrapped up the session at 27,346.82 mark down 0.29%.

Jet Airways shares tanked after the carrier said its promoter chairman Naresh Goyal has pledged his entire (51 per cent) shareholding, valued at over Rs 2,600 crore.with state-run Punjab National Bank.

The government reported Wholesale Price Index (WPI) inflation data for the month of December which rose marginally to 0.11% versus 0% in November.

Infosys CEO Vishal Sikka met Prime Minister Narendra Modi and disclosed that his company will spend $250 million (over Rs 1,500 crore) to fund innovations in software and services in India.

Among the sectoral indices CNX Metal was the worst performer plunging -3.49% while CNX IT surged almost 1% after the PM MOdi and Infy chief Vishal Sikka Meeting.

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 negative for the day with 730 shares ended in red, 441 in green and 12 remain unchanged.

Out of 50 stocks of Nifty 20 stocks advanced, 29 declined and 1 remained same as previous close.

Top 5 Nifty Gainers: BHEL (5.17%), HUL (5.16%), ULTRA CEMENT (3.21%), ACC (2.93%) and INFOSYS (1.92%)

Top 5 Nifty Losers: SESA STERLITE (-8.63%), HINDALCO (-6.36%), TATA STEEL (-3.97%), ITC (-3.24%), and BPCL (-2.53%)

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Jan 13

Daily Market Commentary – 13 Jan 2015

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Indian Equity Market pared its gain in the last hour trading session as traders booked profits in oil & gas, banks and technology sectors after the recent upmove. Nifty ended inch below to 8,300, plunged 23.60 points or -0.28% while 30 stock index Sensex falls 159.54 points (-0.58%) and ended the day at 27,425.73.

India’s annual consumer price inflation accelerated for the first time in five months in December to 5.0 per cent, compared with a 5.4 per cent annual rise predicted by analysts.

Private sector lender IndusInd Bank matched street expectations by reporting a 28.8 percent growth in profit at Rs 447 crore for the quarter ended December 2014. The profit was supported by higher other income & net interest income and lower provisions. Net in the year-ago period was Rs 347 crore.

The rupee strengthened against the dollar for the fifth consecutive trading session, appreciating marginally to 62.1 versus a close of 62.16 in previous session.

Among the sectoral indices CNX Realty was the worst performer and plunged -1.72%, followed by CNX Energy(-1.05%) and CNX PSU BANK (-0.73%).

Market breadth was negative with 675 decline, 515 advance & 36 remain unchanged.

Out of 50 stocks of Nifty 22 ended in green, 27 in red and 1 remain unchanged.

Top 5 Nifty Gainers: ULTRA CEMENT (4.43%) ASIAN PAINT (3.37%), GRASIM (3.19%), ACC (2.95%), KOTAK BANK (1.93%).

Top 5 Nifty Losers: DLF (-2.56%), ONGC (-2.16%), TATA POWER (-1.49%), HERO MOTOR (-1.41%), ICICI BANK (-1.39%).

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Jan 12

Daily Market Commentary – 12 Jan 2015

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After trading on a negative terrain in most of the session Indian equity market bounce back at the late session and end the day with handsome gain. the broad-based index Nifty hold above the 8300 level and ended the day by plunging 38.50 points or 0.46% at 8323. Sensex also surged by 126.89 points and wrapped up the session at 27,585.27, up by 0.46%.

Coal India was the top Nifty loser, down 4.6 per cent on speculation that the government will soon come out with a date for 10 per cent stake sale in the PSU major.

In the Currency spot market, the rupee gained against dollar by 0.3% or 0.19 paisa and wrapped up the market at 62.14.

Among the sectoral indices CNX PSU BANK hold the baton and marched ahead of all gaining by 1.51%, chased by CNX IT (1.26%) and CNX FMCG (1.14%). While CNX METAL was the worst performer by plunging -1.69%.

Market breadth remained Negative at the close today as 738 stocks rose against 490 decline while 41 remained unchanged.

Out of 50 stocks of Nifty, 26 advanced, 23 declined and 1 remain unchanged.

Top Five Nifty gainers: INDUSIND led the Nifty Gainers list and registered 4.24% gain followed HUL (3.98%), TECH MAHINDRA (2.91%), L&T (2.18%) and HCL (1.91%).

Top Five Nifty Losers: COAL INDIA was the biggest loser and fell by -4.28% followed by CAIRN (-2.96%), HINDALCO (-2.58%), JINDAL STEEL (-2.52%) and BHARTI AIRTEL (-1.98%).

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