Tag Archives: Equity Market

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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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 09

Daily Market Commentary – 9 Jan 2015

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After opening on a positive note Indian equity witnessed the negative momentum but manage to recoup its morning gain in last trading hours. Broad-based index Nifty test the Physcological level of 8300 and touched the intra-day high of 8303.30 before closing at 8,284.50, up by 49.90 points. Sensex closed at 27,458.38, up by 467.38 points.

Infosys Ltd, India’s second-largest software services exporter surged after beating the analysts estimates with net profit rising 5% by posting a quarterly profit of Rs 3,250 crore ($520.9 million), up from Rs 2,875 crore in the same year-ago quarter.

The rupee strengthened by 35 paise at over four-week high of 62.29 against the dollar today at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks amid higher opening in the domestic equity market. USDINR Pair ended the day at 62.39, plunging -0.46%.

Among the sectoral indices CNX IT hold the baton and marched ahead of all gaining by 3.46%, chased by CNX PHARMA (1.83%) and CNX ENERGY (1.16%). While CNX REALTY was the worst performer by plunging -1.74%.

Market breadth remained Negative at the close today as 701 stocks falls against 504 advance while 43 remained unchanged.

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

Top Five Nifty gainers: HUL led the Nifty Gainers list and registered 5.85% gain followed INFOSYS (5.16%), TECH MAHINDRA (4.54%), DR REDDY (3.02%) and TCS (2.71%).

Top Five Nifty Losers: DLF was the biggest loser and fell by -3.61% followed by NTPC (-3.24%), BAJAJ AUTO (-3.08%), JINDAL STEEL (-2.85%) and BOB (-2.03%).

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