Contact Your Financial Adviser Money Making MC
2
November 2016
I had
mentioned in Friday’s closing report that Nifty, Sensex would continue to lose
momentum. The major indices of the Indian stock markets suffered a sharp
correction on Wednesday of more than 1.25% over Friday’s close. Nifty has
closed at its lowest level since 12th July. The trends of the major indices in
the course of Wednesday’s trading are given in the table below: The
Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Weak global cues dragged the Indian
equity markets on Wednesday. The key indices closed the day's trade with losses
of more than 1% each, as selling pressure was witnessed in healthcare, oil and
gas, and automobile stocks. The market was spooked with the possibility of
Donald Trump winning the US presidential elections and the possibility of a
rate hike in the US soon.
Car-maker Ford India Pvt Ltd on
Wednesday said it closed last month selling a total of 22,043 vehicles, more
than it sold in October 2015. In a statement issued, the company said its
combined domestic wholesales and exports grew to 22,043 vehicles in October, in
comparison to 20,420 vehicles in October 2015. October domestic wholesales
stood at 7,508 vehicles against 10,008 vehicles in the same month last year,
while exports grew to 14,535 vehicles compared to 10,412 units in October 2015,
Ford India said.
The Total Investment & Insurance Solutions
Prime Minister Narendra Modi on
Wednesday chaired a meeting to discuss a roadmap to reduce the country's
dependency on import of oil and gas, sources said. They said the Petroleum
Ministry presented strategies at the meeting to achieve the objective of
reducing oil and gas imports. The strategies included increasing production of
crude oil and gas, promoting bio-fuels and renewables, energy efficiency and
promoting conservation. Home Minister Rajnath Singh, Petroleum Minister
Dharmendra Pradhan and Environment Minister Anil Madhav Dave attended the
meeting. Others present included NITI Aayog Vice Chairman Arvind Panagariya,
NITI Aayog CEO Amitabh Kant, Cabinet Secretary Pradeep Kumar Sinha and senior
officials from PMO, Petroleum Ministry, External Affairs Ministry, Home
Ministry, Finance Ministry and Defence Ministry. Indian Oil Corporation shares
closed at Rs315.60, down 2.91%. The Total Investment & Insurance
Solutions
Two-wheeler maker India Yamaha Motor
Pvt Ltd on Wednesday said it logged 22% volume growth in October in the
domestic market that includes Nepal. In a statement the company said it sold
85,428 units in the domestic market (including Nepal) as against 70,812 units
sold in October 2015. Yamaha's increasing focus on expanding to Tier II and III
cities, thus reaching out to larger groups of target population, has also been
instrumental in boosting sales, the statement said. The S & P BSE
Auto Index closed at 22,033.25, down 1.09%. 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) |
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| Asian Indices (The Total Investment & Insurance Solutions) |
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