Tag Archives: NSE

Mar 03

Daily Market Commentary – 3 March 2015

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Indian equity market rallied for the the fourth consecutive day on Budget optimism. Nifty hits the all time high by breaching the psychological level of 9,000 to 9,006. BSE’s 30 Shares Index Sensex ends the day at 29,593.73 surged by 134.59 points while Nifty ends at 8,996.25  up by 39.50 points.The Nifty has now gained around 300 points or over 3 per cent since Friday. The Sensex is up over 800 points in the last four sessions.

Today’s rally, however, was driven by Reliance Industries, one of the most influential stocks in the Nifty. RIL shares gained nearly 4.4 per cent after CLSA said the conglomerate could report a record profit for the fourth quarter.

Indian Rupee ends the day at 61.9150 down by 5 paisa against US Dollar.

Among the sectorial indices of NSE CNX Energy (1.72%), CNX IT (1.55%) and CNX PSU Bank (1.41%) were the top gainers while CNX Realty (-1.53%), CNX Auto (-1.02%) and CNX Metal (-0.61%) were the top losers.

Out of the 50 stocks of Nifty 29 stocks ended in positive terrain and 21 in negative terrain.

Top 5 Nifty Gainers: TCS (4.33%), Reliance (4.15%), BOB (3.34%), Jindal Steel (2.81%) and PNB  (2.65%)

Top 5 Nifty Losers: M&M (-3.74%), Axis Bank (-2.31%), Tata Motors (-2.05%), DLF (-1.97%) and Ambuja Cement (-1.91%)

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Mar 02

Daily Market Commentary – 2 March 2015

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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%)

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