Tag Archives: Equity Market

Mar 02

Daily Market Commentary – 2 March 2015

Posted on by

Indian stock market pared all its early trading gains in the  afternoon trading session but recoup some of the gain in the last hour trading session. Front line indes Nifty ended above 8,950 by surging 54.60 points to end the day at 8,956.75 while BSE’s 30 stock index Sensex ended at 29,459.14, up by 97.64 points.

The HSBC Manufacturing Purchasing Managers’ Index, compiled by Markit, fell for the second consecutive month, to 51.2 in February from 52.9 in January.

Ratings agency Standard & Poor’s does not expect an upgrade to India’s sovereign debt rating in the next year in the absence of substantial, quality reforms,  after the government’s Budget slowed the pace of fiscal consolidation.

Capital goods stocks rose after the proposal to reduce corporate tax rate in Budget helped spur gains in capital goods companies. However, shares in ITC plunged after the Budget raised excise duty on cigarettes by 25 per cent for cigarettes of length not exceeding 65 mm, and by 15 per cent for cigarettes of other lengths.

Meanwhile USDINR pair ended at 61.8650, up by 3 paisa.

Among the sectorial indices of NSE CNX Pharma (1.91%), Bank Nifty (1.61%) and CNX Finance (1.49%) were the top performer while CNX FMCG (-2.15%), CNX Realty (-0.33%) and CNX Auto (-0.18%) were the worst performer.

Out of 50 stocks of Nifty 28 stocks ended in green and 22 ended in red.

Top 5 Nifty Gainers: Ultra Cement (7.70%), Ambuja Cement (6.73%), Axis Bank (6.11%), Grasim (5.99%) and CIPLA (5.92%).

Top 5 Nifty Losers: ITC (-5.04%), Jindal Steel (-4.11%), Bajaj Auto (-3.50%), Hero Motorcorp (-2.11%) and Bharti Airtel (-2.11%)

To clear the NISM Series-VII Securities Operations & Risk Management Certification Examination try our comprehensive question bank containing more than 800 questions in form of chapter-wise and full length tests. For more information call +91-9582000102.

Feb 27

Daily Market Commentary – 27 February 2015

Posted on by

Indian equity market surged post economic survey report which pegged the economy to grow at over 8% in FY16 indicatig announcement of  big bang reforms tomorrow. Sensex zooms over 470 points to recliams its important level of 29,000, and ended the day at 29,220.12 while Nifty ended over 8,800 up by 160 points at 8,844.60.

The survey see space for policy easing on the basis of lower inflation. Growth in 2014-15 which could be in and around 8% next year will be largely driven by domestic demand.

Survey emphasised on revitalising the PPP model, which has so far seen poor response from the private players on account of higher risks involved in the initial stage of projects.

Government expects fiscal deficit target of 4.1% for FY15 and CAD to be 1% of the GDP.

Meanwhile USDINR pair ended the day at 61.89 up by 14 paisa.

Among the Sectorial indices of NSE CNX Realty (4.46%), CNX PSU Bank  (4.09%) and CNX Metal (3.03%) were the top performer. On the other side CNX FMCG was the only loser of the day, plunging -0.03%.

Out of the 50 stocks of Nifty 47 stocks were advanced while 3 were declined.

Top 5 Nifty gainers: BOB (5.98%), Tata Power (5.32%), L&T (5.04%), Ultra Cement (4.96%) and Grasim (4.87%).

Top 5 Nifty losers: Gail (-0.88%), ITC (-0.67%) and BPCL (-0.24%).

Feb 24

Daily Market Commentary – 24 February 2015

Posted on by

Indian stock market turned volatile in the late afternoon session after remaining flat most part of the day amid lack of cues ahead of the Budget which ill be announced on February 28. 50 shares index Nifty ended the day at 8762.10 marginally up by 7 points to the previous close while Sensex ends the day at 29,004.66, gaining 29.55 points.

Meanwhile, the market participants were closely eyeing the developments in Parliament today as the Modi government tabled the land acquisition bill which is a basic requirement to pursue reforms promised by his government.

Analysts said that the markets are likely to remain sluggish in the run up to the Budget which will be announced on February 28.

Among the sectorial indices of CNX FMCG (1.50%), CNX Media (1.27%) and CNX Realty (0.44%) were the top performer while CNX Metal (-1.25%), CNX Energy (-0.95%) and CNX PSU Bank (0.58%) were wrost performer of the day.

Out of the 50 stocks of Nifty 27 ended in positive and 23 ended in negative.

Market breadth remained negative for NSE at the close today as 759 stocks falls against 415 advance while 35 remained unchanged.

Top Five Nifty gainers: HUL led the Nifty Gainers list and registered 3.18% gain followed KOTAK   BANK  (2.60%), ZEEL (2.48%), BPCL (2.41%) and L&T (2.09%).

Top Five Nifty Losers: JINDAL STEEL was the biggest loser and fell by -5.16% followed by CAIRN (-3.65%), SESA STERLITE (-3.58%), BOB (-3.13%) and ONGC (-3.06%).

To clear the NISM Series-VII Securities Operations & Risk Management Certification Examination try our comprehensive question bank containing more than 800 questions in form of chapter-wise and full length tests. For more information call +91-9582000102.