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29
November 2016
I had mentioned in Monday’s closing report that
Nifty and Sensex, which ended on a positive weekly note were headed upwards
subject to dips. Indian equities markets on Tuesday were lifted by value
buying, coupled with short covering and an appreciating rupee. However, the key
indices provisionally closed on a flat-to-positive note, as gains were capped
due to some selling pressure during the second half of trade. The Sensex
touched a high of 26,587.07 points and a low of 26,354.66 points during the
intra-day trade. The BSE market breadth was tilted in favour of the bulls with
1,585 advances and 1,012 declines.
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Major Indices (The Total
Investment & Insurance Solutions)
Indian
shares rose on Tuesday for a second consecutive session after the Reserve Bank
of India said lenders had received Rs8.45 trillion in deposits. On Monday, the
benchmark indices had ended on a flat note on the back of value buying and
short covering. The Total Investment
& Insurance Solutions
Indian
stocks climbed for a third day, but closed off the day’s high, led by a rally
in automakers while banks continued to falter. The Total Investment & Insurance Solutions
The
S&P BSE Sensex gained 0.1% to 26,394 and the NSE Nifty advanced 0.2% to
8,142. The market breadth was in favour of the buyers at 1,034 advances, 580
declines and 268 stocks remaining unchanged.
The NSE
Nifty Bank Index dropped 0.3 percent, making it the worst performing sectoral
gauge on the exchange. The index has fallen 10 out of the last 12 trading
sessions.
The top
gainers and top losers of the major indices are given below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
Most
European indices opened positive as investors await the outcome of the
referendum over constitutional reforms in Italy. The Total Investment & Insurance Solutions
The
rupee edged higher by Rs0.13 to Rs68.64 against the U.S. dollar at the forex
market in early trade today on fresh selling of the American currency by
exporters and banks.
The
rupee yesterday had tumbled by Rs0.30 to end at a fresh 2016 low of Rs68.76. It
had hit an intraday low of 68.80 mainly due to deteriorating sentiment and
worsening impact of fund outflows. The rupee has shed 3.95% of its value since
the beginning of 2016. The Total
Investment & Insurance Solutions
Weakness
of the dollar against some currencies overseas and early gains in the domestic
equity market supported the rupee today, dealers said. The Total Investment & Insurance Solutions
Foreign
investors have pulled out close to $5 billion from the capital markets in
November so far amid concerns over the impact of demonetisation mingled with an
imminent rate hike by the U.S. Federal Reserve. The Total Investment & Insurance Solutions
The
closing values of the major Asian indices are given in the table below: The Total Investment & Insurance
Solutions
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| Asian Indices (The Total Investment & Insurance Solutions) |
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