Apr 05

Daily Market Commentary : 5th April 2017

Todays SENSEX after 2 years rich to 30k mark but close at 29974.24(+64.02).

BSE Sensex closed 64.02 points, or 0.21 per cent, up at 29,974.24, while the 50-share NSE Nifty index settled 27.30 points, or 0.30 per cent, up at 9,265.15.

Ahead of RBI’s Monetary Policy Committee decision on Thursday Banking Stocks goes up.

BSE Mid-cap Index closed up 0.46% at 14256 whereas, BSE Small-cap Index closed up 1.1% at 14785.

Adani Ports and Maruti Suzuki surged 4% plus and topped the list whereas, HDFC and HCLTECH were the top losers with 2% and more losses.

On the sector specific front, Nifty Realty and Media indices surged 3.1% and 2.1% respectively. On the contrary, defensive like IT and FMCG posted losses worth 0.7% and 0.2%. Financial services too sustained pessimism with 0.25% loss.

HEG closed at Rs 270 per share up by Rs 45 or 20%.

Graphite closed at Rs 134 per share up by Rs 19.4 or 17%.

MFSL Ltd closed at Rs 595 per share, up by Rs 27 or 4.8%.

Reliance Communications Limited closed at by Rs 41 per share up by Rs 1.85 or 4.76%.

The rupee was trading at 64.87 per US dollar.

Top 5 Nifty Gainers: ADANIPORTS(4.57%), MARUTI(4.33%), RELIANCE(2.94%), ZEEL(2.76%), HINDALCO(2.17%).

Top 5 Nifty Losers: HDFC(-2.72%), HCLTECH(-2.11%), COALINDIA(-1.69%), INFY(-1.35%), TECHM(-1.35%)

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Apr 03

Daily Market Commentary : 3rd April 2017

Indian share markets continued to witness buying momentum in the afternoon session and finished on a strong note.

NSE Nifty closed at 9237 levels, up by 64 points or 0.7%. BSE Sensex closed at 29,910 levels, up by 289 points or 0.3%. Reliance, ICICI, L&T and HDFC were the top contributors to the Nifty gains.

Nifty 50 index closed at its record close on Monday and the 30-share Sensex closed 90 points away from it 30,000 mark

While, BSE Mid-cap Index closed up 0.6% at 14189 whereas, BSE Small-cap Index closed up 1.2% at 14620.

Asian stock markets finished higher today with shares in Hong Kong leading the region. The Hang Seng is up 0.62% while Japan’s Nikkei 225 is up 0.39% and China’s Shanghai Composite is up 0.38%. European markets are mixed today. The DAX is up 0.29% while the FTSE 100 gains 0.12%. The CAC 40 is off 0.05%.

According to Finance Minister Arun Jaitley has expressed his confidence that India’s GDP will grow at 7.2% in 2017 and at the rate of 7.7 per cent in 2018. He also pointed out that global growth is moving upwards but emerging market economies (EMEs) face newer challenges from growing protectionism of some economies, global financial condition, policies of the United States

The Minister has stated that India has sought US$2 billion loans for various projects from the New Development Bank (NDB), whose core mandate is sustainable infrastructure development and which is set up by the emerging countries such as India, China, Brazil, Russia, and South Africa.

BSE Telecom and IT indices were the top losing index on Monday’s trading session. Bharti Airtel was dragging the BSE Telecom index down, while Infosys was pulling the BSE IT index to its day’s lows.

Bharti Airtel closed at Rs 342 per share up by Rs 7 or 2.2% , and Infosys closed at Rs 1009 per share up by Rs 11 or 1.1%.

Bajaj Electricals Ltd closed at Rs 375 per share, up by Rs 62 or 20%.

Kridhan Infra Limited closed at by Rs 61 per share up by Rs 10 or 19%.

Udaipur Cement Works closed at Rs 34 per share up by Rs 5 or 19%.

Orhcid Pharma closed at Rs 31 per share up by Rs 5 or 19%.

The rupee was trading at 64.91 per US dollar.

Top 5 Nifty Gainers: LT(5.63%), DRREDDY(4.04%), RELIANCE(3.96%), ICICIBANK(3.54), HDFC(2.32%).

Top 5 Nifty Losers: BHARTIARTL(-2.30%), WIPRO(-1.68%), IOC(-1.56%), BPCL(-1.53%), INDUSINDBK(-1.32%)

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Mar 31

Daily Market Commentary : 31st March 2017

Today Indian share markets finished the trading day Dull End to the Week “Oil & Gas Stocks Rally“.

The S&P BSE Sensex ended at 29,647.42, up 115.99 points while the Nifty closed at 9,173.75, 29.95 points higher.

Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.38%, while the Nikkei 225 & Hang Seng fell 0.81% and 0.78% respectively. European markets are lower today with shares in London off the most. The FTSE 100 is down 0.48% while France’s CAC 40 is off 0.36% and Germany’s DAX is lower by 0.08%.

Indian Oil Corporation share price surged 3.5% as the company signed a memorandum of understanding to supply petroleum products to Nepal Oil Corporation (NOC) for a further five years.

Indian Oil has been supplying petroleum, oil and lubricants (POL) to NOC since 1974 when the first supply agreement was signed, which has been renewed periodically. The latest agreement has been signed for the period of April 2017 to March 2022.

This agreement will enable NOC to meet its requirements of all major POL products, including petrol, diesel, kerosene, aviation turbine fuel and LPG. Under the new agreement, Indian Oil will supply BS-IV grade fuels to Nepal from 1 April to assist the country with opting for greener fuel.

Nifty Bank index fell 0.8 percent due to correction in private banks but PSU Bank index gained 0.35 percent on hopes of NPA resolution. SBI rose 0.9 percent whereas HDFC Bank, Axis Bank and ICICI Bank were down around 1.5 percent each.

Metal gained the most among sectoral indices, up over a percent supported by Hindalco, JSPL, Coal India, Tata Steel and NALCO that gained 1-3 percent.

Among others, HDFC, ITC, Infosys, TCS, HUL and Tata Motors were down 0.4-1 percent whereas L&T, Maruti Suzuki and NTPC gained more than 1 percent.

Fertiliser stocks gained 2-6 percent on likely change in urea subsidy while IOC rallied 3.4 percent on addition in Nifty 50 index.

The rupee was trading at 64.83 per US dollar.

Top 5 Nifty Gainers: RELIANCE (3.93%), IOC (2.71%), HINDALCO (2.23%), ACC (2.19%) and NTPC (1.69%).

Top 5 Nifty Losers: HDFCBANK (-1.79%), ICICIBANK (-1.78%), GRASIM (-1.69%), AXISBANK (-1.69%) and HDFC (-1.32%)

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