Contact Your Financial Adviser Money Making MC
27
October 2016
I had mentioned in Wednesday’s closing report
that Nifty, Sensex were looking weak. The major indices of the Indian
stock markets were volatile on Thursday. BSE Sensex closed with small gains over
Wednesday’s close, while Nifty ended flat. The trends of the major indices in
the course of Thursday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Negative
global indices, coupled with lower crude oil prices and a weak rupee subdued
the Indian equity markets during the late-afternoon trade session on Thursday.
Besides, disappointing quarterly earnings results, caution over the rise in
non-performing asset (NPAs) levels of the banking sector and a weak rupee, too,
dragged the key indices lower. The decline in Tata Group's subsidiaries stock
prices a day after the ousted Chairman of Tata Sons Cyrus P Mistry alleged
corporate misconduct dented investors' sentiments. However, short covering and
value buying at lower levels arrested the falls. At the close of trading, BSE
Sensex and Nifty were divergent and the Sensex closed at 0.29%, while the Nifty
ended flat. On the BSE, there were 1,061 advances, 1,604 declines and 261
unchanged. On the NSE, there were 487 advances, 1,011 declines and 45
unchanged. The Total Investment &
Insurance Solutions
Volatility
was seen in IT (information technology), banking, auto and oil-gas stocks due
to short covering, whereas pharma stocks held on to their initial gains on
buying support, according to market analysts. The Total Investment & Insurance Solutions
Chennai-based
Sundaram BNP Paribas Home Finance Ltd is looking at buying portfolios of
smaller housing finance companies and also extending a line of credit to them
amounting to around Rs20 crore soon, the company said on Thursday. The company
is also planning to raise debt of around Rs1,750 crore during the second half
of the fiscal through debentures and short term borrowings.
Tata
Steel on Thursday said the financial statements of the company present "a
true and fair view" of the state of affairs after bourses sought
clarification following the disclosures by the ousted Chairman of Tata Sons,
Cyrus P. Mistry. "The financial statements of the company are prepared on
a going concern basis and present a true and fair view of the state of affairs
of the company. As part of the preparation of financial statements, the
value-in-use of the assets of the company is tested for impairment as per the
Accounting Standards," Tata Steel said in a statement. Tata Steel shares
closed at Rs397.10, down 0.44% 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) |
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) |
No comments:
Post a Comment