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27 September 2016
I had
mentioned in Monday’s closing report that Nifty, Sensex might weaken further.
The major indices of the Indian stock markets were range-bound on Tuesday and
closed with marginal losses over Monday’s close. Trading volumes on the NSE
were on the lower side, reflecting caution among investors. The trends of the major
indices in the course of Tuesday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
The
key indices closed in the red as selling pressure was witnessed in capital
goods, banking and automobile stocks. The BSE market breadth was tilted in
favour of the bears -- with 1,430 declines and 1,254 advances. On the NSE there
were 614 advances, 828 declines and 61 unchanged. IT (information
technology) stocks traded with mixed sentiments, while banking stocks traded
down due to profit booking. Textile and FMCG stocks traded with mixed
sentiments on profit booking, according to market analysts. The Total Investment & Insurance Solutions
Automobile
major Tata Motors on Tuesday announced its foray into the Bolivian commercial
vehicle market by entering into a distribution agreement with local partner --
Bolivian Auto Motors. "We at Tata Motors understand our customers well and
today have introduced class-leading products, suitable for varied terrains,
with each of these built for better load carrying capability, more trips, with
the lowest turnaround time," Rudrarup Maitra, Head (International
Business), Commercial Vehicles, Tata Motors, was quoted as saying in a
statement. According to the company, it has launched three commercial vehicles
in the Bolivian market -- Tata SuperAce Petrol, Tata Xenon Petrol and Tata LPT
613 truck. Besides Bolivia, Tata Motors commercial vehicles are also sold in
other South American markets like Chile and Ecuador. Tata Motors shares closed
at Rs531.95, down 0.67% on the BSE. The Total
Investment & Insurance Solutions
State-run
Coal India Ltd's share buy-back offer will open from October 3 to October 18, a
regulatory filing said on Tuesday. Coal India board had approved the buy-back
of over 10.89 crore shares at a price of Rs335 per share for an aggregate
consideration not exceeding Rs3,650 crore. SBI Capital Markets Ltd on Tuesday
informed about the letter of offer regarding buy-back offer to the equity
shareholders of coal miner. "The buy-back offer size represents
approximately 24.95 per cent of the aggregate of the fully paid-up share
capital and free reserves, as per the audited accounts of the Company for the
financial year ended 31 March 2016 and is within the statutory limits of 25% of
the aggregate of the fully paid up share capital and free reserves as per the
audited accounts of the Company for the financial year ended 31 March
2016," the filing said. Coal India shares closed at Rs332.00, down 0.20%
on the BSE.
The
US dollar slipped against most major currencies on Monday ahead of the
country's first presidential debate between Republican Donald Trump and
Democrat Hillary Clinton. Analysts said the debate has cast huge amount of
uncertainties over the country and thus hurt the currency. The dollar index,
which measures the greenback against six major currencies, was down 0.23% at
95.262 in late trading. On the economic front, US sales of new single-family
houses in August were at a seasonally adjusted annual rate of 609,000, beating
market consensus, reported the Commerce Department on Monday. American
investors are cautious over the outcome of the US Presidential elections.
However, Indian market analysts feel that in our stock markets it would be
‘business as usual’ irrespective of who wins the election. The Total Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
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| Top Gainer (The Total Investment & Insurance Solutions) |
The
closing values of the major Asian indices are given below.The Total Investment & Insurance Solutions
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| Asian Indices (The Total Investment & Insurance Solutions) |
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