Contact Your Financial Adviser Money Making MC
29Th Aug 2016
I had mentioned in Friday’s closing
report that Nifty, Sensex were looking weak. The major indices rallied in a
small way on Monday and closed with less than 0.50% gains over Friday’s close.
The rally was however on lower volumes of trading. There is no immediate
trigger for the Nifty to head higher and so the index may be range-bound
between 8,550 and 8,650. The trends of the major indices in the course of
Monday’s trading are given in the table below: The Total Investment
& Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Indian equity markets traded flat
during the mid-afternoon session on Monday prompted by mixed global cues and
lower crude oil prices. Selling pressure was witnessed in information technology
(IT), healthcare and banking stocks. The BSE market breadth was tilted in
favour of the bears -- with 1,465 declines and 1,216 advances. On the NSE, on
Monday, there were 636 advances, 821 declines and 69 unchanged. The Total Investment
& Insurance Solutions
Initially, on Monday, the benchmark
indices opened on a flat note prompted by mixed Asian and US markets.
Investors also remain cautious ahead of key domestic macro-economic data
such as gross domestic product (GDP) and eight core industrial output data to
be announced on August 31. Besides, lower crude oil prices also added to the
downward trajectory. However, Indian equity markets were lifted by
sector-specific buying. Consequently, the key Indian indices closed the day's
trade in the green, as healthy buying was witnessed in automobile, capital
goods and metal stocks. The Total Investment & Insurance Solutions
Following its merger with Bharti's
retail business, Future Retail got listed at Rs153 on the Bombay Stock Exchange
(BSE) on Monday. The stock was listed in the exchange in the list of 'T' Group
Securities. Under the scheme of arrangement, the company was segregated into
Future Enterprise, which took the responsibility of the backend business and
Bharti Retail, which takes care of the frontend business. In May last year, the
Future group approved the consolidation and realignment of its retail
operations with Bharti Retail Ltd to form one of the biggest supermarket
chains. In order to streamline the operations resulting from the consolidation,
the respective board of directors had proposed to demerge the retail business of
Future Retail to Bharti Retail and to demerge the infrastructure business of
Bharti Retail to Future Retail. The shares of the company closed at Rs160.65,
up 5.00% on the BSE. The Total Investment & Insurance Solutions
State-run Rural Electrification
Corporation (REC) on Sunday said it will seek the approval of its shareholders
on September 21 for raising Rs50,000 crore through non-convertible debentures
(NCDs). Giving notice of its AGM to be held on September 21, REC said in a
stock exchange filing that it can issue via private placement unsecured/secured
non-convertible bonds/debentures up to Rs50,000 crore during a period of one
year from the date of passing of this resolution. "Consent of the Company
be and is hereby accorded to raise funds through private placement of
unsecured/secured non-convertible bonds/debentures upto Rs50,000 crore during a
period of one year from the date of passing of this resolution, in one or more
tranches," the filing said. The REC board had, earlier this month, cleared
the company's fund raising plans. The company’s shares closed at Rs227.30, down
1.37% on the BSE.
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)
 |
| Asian Indices (The Total Investment & Insurance Solutions) |
No comments:
Post a Comment