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16 December
2016
I had mentioned in Wednesday’s
closing report that Nifty, Sensex could be headed lower. Today the Nifty hit a
lower low in the intraday session and closed 0.35% below yesterday’s close. The
indices although opened lower it surged immediately from the negative to the
positive zone and managed staying in the green up to 11.20 am. However
thereafter it moved in a range close to yesterday’s close. In the last hour of
the trading session the indices lost all its strength and fell below the level
from where it began today’s session. S&P BSE Sensex fell 84 points or 0.31%
to close at 26,519 while Nifty 50 lost 29 points or 0.35% to close at
8,154.
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)
Asian stocks declined as a result of
US Federal Reserve raising interest rates in the US on 14 December 2016.
European indices were trading higher. Investors eyed the Bank of England's
monetary policy decision due later in the trading session. The Federal Reserve
raised its key short-term rate yesterday, 14 December 2016, on the expected
lines, but it also forecast three rate increases in 2017, compared with the two
that had been anticipated at its previous meeting in September. The Total Investment
& Insurance Solutions
IT stocks were the biggest gainers
of the day, pushing S&P BSE Information Technology index to 9,977. In the
midcap and smallcap segments, the S&P BSE Midcap index closed at 12,240
with JSW Energy being the top gainer and Nalco the worst laggard. The S&P
BSE Smallcap index closed 0.21 per cent higher at 12,143. The India VIX
(Volatility) index was down 5.65% at 15.6. Out of 1470 stocks traded on the
NSE, 701 declined and 697 advanced today. A total of 21 stocks registered a
fresh 52-week high in trade today, whereas 15 stocks touched a new 52-week low
on the NSE.
The Total Investment & Insurance Solutions
The Indian Rupee was trading at
67.82 per dollar. Gold was trading at Rs27, 156 per 10 grams and silver was
trading at Rs40, 565 per kg. The Total Investment & Insurance
Solutions
Sun Pharma was the biggest loser
among Sensex 30 stocks, down 4.36%. Recently it was in news for the USFDA
issuing a Form-483. The USFDA inspected the Company's Halol facility in
Gujarat, India from November 17, 2016 through December 1, 2016. At the
conclusion of the inspection, the USFDA issued a Form-483, citing nine
inspectional observations. None of those observations were characterized by the
USFDA as repeat observations.
The top gainers and top losers of
the major indices are given below:
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Top Gainer (The Total
Investment & Insurance Solutions)
Hong Kong stocks slumped to a
four-month low. The benchmark Hang Seng index extended early losses to end 1.8
per cent lower at 22,059. The Hong Kong China Enterprises Index lost 2.3 per
cent to 9,479. However, Japan's Nikkei ended marginally up. The Nikkei
share average rose 0.1 per cent to 19,273 after dipping into the negative
territory. European stocks opened higher.
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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