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I had mentioned in Friday’s closing report
that Nifty, Sensex were overbought, but there was no sign of weakness as yet.
The major indices of the Indian stock markets were trading in the red on
Monday and closed with small losses. The trends of the major indices in the
course of Monday’s trading are given in the table below:The Total Investment &
Insurance Solutions
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Major Indices (The Total Investment & Insurance
Solutions)
Profit booking, along with lower crude oil
prices and apprehensions over two upcoming global events, subdued the Indian
equity markets on Monday. The key indices closed the day's trade on a flat
note, as heavy selling pressure was witnessed in capital goods and banking
stocks. The equity markets had receded after they touched new intra-day highs
in almost a year. On the NSE, there were 528 advances, 910 declines and 45
unchanged. However, global cues from the Asian markets were positive. The BSE
market breadth was tilted in favour of the bears -- with 1,563 declines and
1,178 advances
The country's largest carmaker Maruti Suzuki
India on Monday reported a 12.7% increase in its total sales in July, to
1,37,116 units as compared to 1,21,712 units sold in the same month last year.
The company in July posted its highest ever monthly domestic sales to 1,25,778
units, up 13.9% from 1,10,405 units sold in the year-ago month, the car maker
said in a filing to BSE. In July, sales of mini segment cars fell by 7.2% to
35,051 units as compared to 37,752 units sold in July 2015. The company said
its total passenger cars sales in the month grew by only 2.2% to 93,634 units
as compared to 91,602 units sold in the corresponding month last year. Sales of
utility vehicles soared by a whopping 151.3% to 17,382 units in July this year
from 6,916 units in the corresponding month last year while sales of vans grew
24.1% to 14,748 units in July as against 1,887 units in the same month last
year. Exports during the month increased marginally by 0.3% to 11,338 units as
compared to 11,307 units in July last year, the carmaker said. The company’s
shares closed at Rs4,869.80, up 2.41% on the BSE.
Commercial vehicles major Ashok Leyland Ltd
on Monday said it closed last month selling 10.492 units, down by 5% over the
comparable period last year. In a statement issued here, the company said it
sold 10,492 units, down from 11,054 units sold in July 2015. While the company
experienced seven per cent lower volume sales in the medium and heavy vehicles
segment, it logged 4% growth in the light commercial vehicles segment. However,
for April-July 2016 Ashok Leyland sold a total of 41,657 units - up from 39,208
units sold during April-July 2015. The company’s shares closed at Rs91.60, down
4.03% on the BSE.
Amid the recent fluctuation in global oil
prices, state-run Indian Oil Corp (IOC) cut the price of transport fuels on
Sunday effective from midnight, of petrol by Rs1.42 a litre and of diesel by
Rs2.01, both at Delhi, with corresponding decrease in other states. Making its
previous fortnightly revision in fuel prices on July 16, IOC had cut petrol by
Rs2.25 a litre and diesel by Rs42 paise, both at Delhi. Petrol per litre from
Monday will cost Rs61.09 in Delhi, Rs64.97 in Kolkata, Rs65.70 in Mumbai and
Rs60.65 in Chennai. Similarly, diesel will cost Rs52.27 in Delhi, Rs54.57 in
Kolkata, Rs57.47 in Mumbai and Rs53.73 in Chennai.
Key macro-economic data, coupled with the
government's efforts to build political consensus on a major economic
legislation and quarterly earnings results, are expected to steer the Indian
equity markets in the course of the week. The global liquidity tap, thanks to
global central banks, needs to further support the markets, if commensurate
growth in corporate earnings and other macro data does not materialise. The net
FPI (Foreign Portfolio Investors) flows in July, 2016 crossed Rs12,600 crore,
even as domestic institutional investors continued to remain net sellers. On a
weekly basis, figures from the stock exchanges showed that FPIs purchased
stocks worth Rs3,719.63 crore during the last week.
The top gainers and top losers of the major
indices are given in the table below: The Total Investment & Insurance
Solutions
 |
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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