Contact Your Financial Adviser Money Making MC
1 December
2016
Profit
booking, along with a political logjam in Parliament over the demonetisation
drive and lower European markets, subdued the Indian equities markets on
Thursday. Weak European cues and domestic liquidity concerns also caused
selling pressure. Higher global crude oil prices, buoyant Asian markets,
appreciation in rupee and largely positive macro-economic data arrested any
major fall. The Total Investment & Insurance
Solutions
 |
| Major Indices (The Total Investment & Insurance Solutions) |
The
Nifty of the National Stock Exchange (NSE) edged lower by 31.60 points or 0.38
per cent to 8,192.90 points. The Sensex touched a high of 26,769.32 points and
a low of 26,540.82 points during the intra-day trade. The BSE market breadth
was skewed in favour of the bears - with 1,406 declines and 1,149 advances. The Total Investment & Insurance Solutions
Pharmaceutical
stocks rallies after the Delhi High Court today quashed the government's
notification in March, which had banned 344 fixed-dose drugs. The government
had banned the drugs citing concerns over lack of any therapeutic justification
and health risks.
Telecom
stocks like Bharti Airtel, Idea Cellular and Reliance Communications lost
ground after Reliance Jio Chairman Mukesh Ambani said starting December 4, all
subscribers will get voice, data, video and full bouquet of other Jio
applications free till March 31, 2017. The scheme is called "Jio Happy New
Year offer". The Total Investment & Insurance
Solutions
Bank
Nifty lost 1 percent as ICICI Bank, Bank of Baroda, PNB, SBI and Axis Bank
declined 1-2 percent. Asian Paints shed 3 percent on profit booking.
Mumbai-based construction company HCC surged 20 percent as it will get 75
percent arbitral award amount of around Rs 2,000 crore in 4-6 weeks. Auto sales
were mixed in November.
Aviation
stocks like SpiceJet, Jet Airways and InterGlobe Aviation plunged 2.5-4 percent
despite jet fuel prices cut by 3.7 percent (Rs 1,881) to Rs 48,379/kL in Delhi.
This was because of a sharp rally in crude oil yesterday. The Total Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
Asia
closed higher with the Japan's Nikkei rising 1 percent as regional
manufacturing surveys led by China beat expectations. Brent crude oil futures
gained 1 percent on top of 8.8 percent rally in previous session after OPEC and
Russia agreed to restrict production.
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