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22 December
2016
Broadly
negative global indices, coupled with foreign fund outflows and rupee
depreciation, dragged the Indian equity markets lower on Thursday. The key
indices closed in the red, as selling pressure was witnessed in metal, banking
and capital goods stocks. The wider 51-scrip Nifty of the National Stock
Exchange (NSE) declined by 82.20 points or 1.02% to 7,979.10 points. Headline
Sensex index on Thursday tanked 263 points, extending its falling streak to the
seventh consecutive session, and ended below the crucial psychological level of
26,000. The Sensex touched a high of 26,248.45 points and a low of
25,940.14 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)
Sentiments
remained down-beat after Prime Minister Narendra Modi’s top economic adviser
Bibek Debroy has said that the negative shock from demonetisation will last
until the end of March, though he also said that improved growth next year
should fully compensate for the loss.
The
India VIX (Volatility) index was up 5.76% at 15.55. The BSE Midcap closed at
11,809 and Smallcap indices closed at 11,802. Out of 1,887 stocks traded on the
NSE, 886 declined and 316 advanced today. The BSE market breadth was skewed in
favour of the bears - with 1,990 declines and 660 advances. A total of six
stocks registered a fresh 52-week high in trade today, whereas 31 stocks
touched a new 52-week low on the NSE. The Total
Investment & Insurance Solutions
It
was the first time since March 2015 that the domestic equity market has ended
in the red for seventh session in a row. In the midcap and smallcap segments,
the S&P BSE Midcap index closed at 11,808, down 176 points, while the
S&P BSE Smallcap index ended at 11,801, down 149 points. In the sectoral
landscape, metal stocks shed most weight followed by basic materials and
consumer durables stocks. The S&P BSE Metal index plunged 286 points to
close at 10,021.
The
Indian Rupee was trading lower by three paise at 67.93 per dollar. Gold was
trading at Rs26, 918 per 10 grams and silver was trading at Rs38, 983 per kg. 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)
China
stocks ended marginally lower as strength in the shares of state-owned
enterprises (SOE) was offset by persisting tight liquidity in the wake of a
bond scandal. The CSI300 index fell 0.1% to 3,335 points, while the Shanghai
Composite Index lost 0.1% to 3,140 points. Japan's Nikkei slipped from one-year
high as investors booked profits on recent gainers. The Nikkei dropped 0.1% to
19,427. The broader Topix fell 0.1% to 1,543. Hang Seng slipped 1%. European
stocks opened in the red. The Total
Investment & Insurance Solutions
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| Asian Indices (The Total Investment & Insurance Solutions) |
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