Mar 10

Daily Market Commentary : 10th March. 2017

Dull End to the Week; IT Stocks lead. The market closed flat ahead of the key results to assembly elections. Investors had reacted positively to the exit polls in the morning session, but trimmed their gains through the day.

NSE Nifty closed at 8934 levels, up by 7 points or 0.08%, while BSE Sensex closed at 28946 levels, up by 17 points or 0.06%.

Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.48% and the Hang Seng rose 0.29%. The Shanghai Composite lost 0.12%. European markets are higher today with shares in France leading the region. The CAC 40 is up 0.49% while Germany’s DAX is up 0.48% and London’s FTSE 100 is up 0.39%.

Bosch Limited was the top Nifty gainer whereas, Tech Mahindra was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed down 0.3% at 13353 whereas, BSE Small-cap Index closed down 0.2% at 13588.

IT stocks were rallying on bourses, Infosys alone contributing almost 80% to the BSE IT index gains. Infosys closed at Rs 1021 per share up by Rs 9 per share or 0.9%

Alembic Pharma rallied on bourses and gained over 6% on Friday. The stock clos trading at Rs 623 per share up by Rs 21 or 3.6%.

Career Point during Friday’s trade gained over 6% and the stock closed trading at Rs 111 per share up by Rs 0.1 per share or 0.1%.

T D Power Systems closed at Rs 171 per share, up by Rs11 per share or 7%.

Brigade closed at Rs 210 per share, up by Rs 11 per share or nearly 5%.

PVR closed at Rs 1424 per share, up by Rs 76 per share or nearly 5%.

Lycos Internet closed at Rs 9 per share, up by Rs 0.4 per share or 5%.

There were 614 advances, 998 declines and 311 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 66.60 per US dollar.

Top 5 Nifty Gainers: Bosch Ltd. (3.32%), Bharti Airtel (1.30%), Bharti Infratel Ltd. (1.26%), Yes Bank (1.13%) and L&T (1.09%).

Top 5 Nifty Losers: Tech Mahindra Ltd. (-2.55%), BPCL (-1.54%), Grasim Industries Ltd. (-1.34%), ICICI Bank (-1.10%) and NTPC (-1.01%)

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Mar 09

Daily Market Commentary : 9th March. 2017

Share markets in India remained subdued in the afternoon session and finished flat as caution prevailed ahead of UP state elections. Equity benchmarks as well as broader markets closed rangebound session on a flat note Thursday as investors maintained cautious stance ahead of exit poll results for assembly elections later today and Federal Reserve policy meeting next week.

NSE Nifty closed at 8927 levels, up by 3 points or 0.01%, while BSE Sensex closed at 28929 levels, up by 27 points or 0.1%.

Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.34%, while the Hang Seng led the Shanghai Composite lower. They fell 1.18% and 0.74% respectively. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.41% while Germany’s DAX is off 0.11% and France’s CAC 40 is lower by 0.06%.

Maruti Suzuki was the top Nifty gainer whereas, Dr Reddy’s Lab was the top Nifty loser in Friday’s trading session.

The BSE Mid-cap Index closed down 0.3% at 13384 whereas, BSE Small-cap Index closed down 0.1% at 13609.

India Home Loan was down by 5.5% on Thursday and closed at Rs 97.4 per share down by Rs 5.7 per share or 5.6%.

Aviation stocks were buzzing on bourses in morning session, Spice Jet was up by over 6% and closed at Rs 81.20 per share up by 3.80 or nearly 5%.

Ramky Infrastructure closed at Rs 82 per share, up by Rs 8 per share or 11%.

CTL closed at Rs 34 per share, up by Rs 2 per share or 7%.

Jubiland Industries closed at Rs 332 per share, up by Rs 25 per share or nearly 8%.

Kridhan Infra closed at Rs 54 per share, up by Rs 3 per share or 7%.

There were 631 advances, 973 declines and 231 unchanged stocks on NSE, reflecting bearish undertone floating in the market.

The rupee was trading at 66.70 per US dollar.

Top 5 Nifty Gainers: maruti Suzuki (1.62%), SBI (1.20%), Axis Bank (1.18%), Ambuja Cement Ltd. (1.04%) and Tata Motors (1.04%).

Top 5 Nifty Losers: Dr. Reddy’s Laboratories Ltd. (-5.08%), GAIL (-2.45%), IDEA (-2.21%), Wipro (-2.16%) and Adani Ports and Sez Ltd. (-2.04%)

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Mar 08

Daily Market Commentary : 8th March. 2017

Indian share markets continued to trade weak in the afternoon session and finished in red as caution prevailed ahead of UP state elections. After volatility, equity benchmarks ended lower for second consecutive session Wednesday as investors awaited exit polls for the Uttar Pradesh assembly elections due tomorrow and Federal Reserve policy meeting next week.

NSE Nifty closed at 8924 level, down by 22 points or 0.3%, while BSE Sensex closed at 28901 level, down by 98 points or 0.3%.

Broader markets shown weakness on Wednesday. BSE Mid-cap index closed at 13428 level, down by 76 points underperforming the major indices in the market. BSE small-cap index closed at 13633 levels, down by 42 points.

Bosch Limited was the top Nifty gainer and Idea Cellular was the top Nifty loser. Bosch closed at Rs 21900 per share up by 2.5% and Idea Cellular closed at Rs 106 per share down by 2.3%.

The highly talked about IPO in the market right now, Avenue Supermarkets IPO got subscribed by 0.6 times till the afternoon on the first day of subscription.

Government has asked the concerned ministry to initiate discussions regarding the merger of MTNL and BSNL. The markets celebrated this development. MTNL surged by 18% to touch its fresh 52-week high of Rs 26.5 per share.

V-Mart Retail Limited closed at Rs 873 per share, up by 20%.

Capital Trade Links Limited closed at Rs 32.95 per share, up by 13%.

Jindal Stainless Limited closed at Rs 67.4 per share, up by 11%.

Hathway closed at Rs 38.35 per share, up by 6.23%.

There were 521 advances, 1109 declines and 295 unchanged stocks on NSE reflecting strong negative bias floating in the market.

The rupee was trading at 66.69 per US dollar.

Top 5 Nifty Gainers: Bosch Ltd. (2.51%), Yes Bank (2.20%), Zee Entertainment Enterprises Ltd. (1.53%), Eicher Motors Ltd. (1.14%) and Kotak Bank (0.86%).

Top 5 Nifty Losers: IDEA (-2.26%), Tata Steel (-2.10%), ONGC (-1.91%), Tech Mahindra Ltd. (-1.47%) and BHEL (-1.34%)

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