Wednesday, 31 August 2016

Nifty, Sensex may continue to rally – Wednesday closing report-The Total Investment & Insurance Solutions

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31St  Aug 2016

I had mentioned in our Tuesday’s report that Nifty, Sensex has broken out of its trading range. Today too the benchmarks made an upmove. From here we see Nifty, Sensex continuing to rally further. The Total Investment & Insurance Solutions
 
Major Indices (The Total Investment & Insurance Solutions)

India VIX closed at 13.2425, up 1.71%. NSE recorded a turnover of 146.79 crore shares.

Nifty and Sensex hit their new 52-week highs again today. The benchmark indices initially opened on a flat-to-positive note on Wednesday prompted by mixed cues from Asian and European markets. Market awaited the announcement of the gross domestic product (GDP) data for the first quarter of 2016-17, among others. The Total Investment & Insurance Solutions

In addition, the upward trend of the indices continued as foreign institutional investors (FIIs) resorted to buying activities, unleashing a fresh inflow of funds.

The indices marginally capped gains due to a sharp up-move in the dollar index and lower crude oil prices and pulled the markets back from their morning peak levels.

However, gains in the rupee's value kept the market sentiment buoyed to close with appreciable gains. The Total Investment & Insurance Solutions

The rupee appreciated by seven paise to 66.96 against a US dollar from its previous close of 67.03 on Tuesday.

In terms of investments, provisional data with the exchanges showed that the FIIs purchased stocks worth Rs 854.19 crore and the domestic institutional investors (DIIs) bought scrips worth Rs 847.70 crore. The Total Investment & Insurance Solutions

The top gainers and top losers of the major indices are given in the table below:

 
Top Gainer (The Total Investment & Insurance Solutions)


The closing values of the major Asian indices are given in the table below:The Total Investment & Insurance Solutions
Asian Indices (The Total Investment & Insurance Solutions)

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