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21 December
2016
Trading in the green for most part
of the session, the domestic equity market slipped into the negative territory
in the last hour, dragging the Sensex 66 points lower. Profit booking, coupled
with a weak rupee and outflow of foreign funds, pulled the Indian equity
markets lower on Wednesday. The key indices provisionally closed flat --
marginally in the red -- as heavy selling pressure was witnessed in IT, FMCG
and capital goods stocks. The wider 51-scrip Nifty of the National Stock
Exchange (NSE) inched down by 21.10 points or 0.26% to 8,061.30 points. The
Sensex touched a high of 26,396 points and a low of 26,213.51 points during the
intra-day trade.
The Total Investment & Insurance Solutions
The trends of the major indices in
the course of Tuesday’s trading are given in the table below:
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Major Indices (The Total
Investment & Insurance Solutions)
The BSE market breadth was tilted in
favour of the bears - with 1,387 declines and 1,201 advances. Out of 1886
stocks traded on the NSE, 886 declined and 697 advanced today. On Tuesday, the
benchmark indices had crashed to their lowest level for the last two weeks on
the back of weak global cues. This was the sixth straight session when the
domestic market has ended in the red. The Total Investment
& Insurance Solutions
In the midcap and smallcap segments,
the S&P BSE Midcap index closed 19.52 points down at 11,984 while the
S&P BSE Smallcap index ended in the green, up 4 points at 11,950. In the
sectoral landscape, FMCG stocks bled the most followed by IT and capital goods
stocks.
The India VIX (Volatility) index was
up 0.84% at 14.66.The US dollar held near 14-year peaks on Wednesday as global
yield spreads shifted inexorably in its favour, while early weakness in the yen
saw Japanese shares touch a one-year top. The Indian Rupee was trading at 67.87
per dollar. Gold was trading at Rs 27,097 per 10 gms and silver was trading at
Rs 39,500 per kg.
Sun Pharmaceutical Industries dipped
2% to Rs 615 on the BSE, its lowest level since November 9, 2016. Reliance
Communications (RCOM) ended nearly 7% higher on the BSE after the company
announced the signing of binding agreements with Brookfield Infrastructure in
relation to the acquisition of RCOM’s nationwide tower assets by affiliates of
Brookfield Infrastructure Partners LP. JBF Industries moved higher by 6% on the
BSE after a nearly 4% of total equity of the company changed hands via block
deal in noon deal trade.
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)
China stocks rebounded as fears of a
liquidity squeeze in the banking system subsided after risks from a bond
scandal appeared to have been contained and on pledge to deepen reforms in the
public sector. Japan's Nikkei closed lower in choppy trade as investors locked
in gains. The Nikkei ended 0.3% lower at 19,444 after trading in the positive
territory in the morning. European stocks opened marginally lower, but stayed
close to their highest level in more than 11 months as merger and acquisition
activity continued to prop up the market.
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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