Contact Your Financial Adviser Money Making MC
5 December
2016
I had
mentioned in Friday’s closing report that Nifty and Sensex, which ended on a
low and are on an uncertain course. Indian shares closed higher on Monday after
two straight sessions of falls, helped by a rally in auto makers even as
investors awaited monetary policy decision by Reserve Bank of India (RBI) on
Wednesday. The Nifty ended 0.52% higher at 8,128.75, while the Sensex closed
0.45% higher at 26,349.10. A spurt of value buying, along with resilience shown
by European equities after the failure of Italy’s referendum on constitutional
reform, an appreciating rupee and expectation of domestic monetary policy
easing, lifted the Indian equity markets on Monday. The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
The
wider Nifty of the National Stock Exchange (NSE) edged up by 41.95 points or
0.52% to 8,128.75 points. The Sensex touched a high of 26,390.80 points and a
low of 26,125.35 points during the intra-day trade. The BSE market breadth was
tilted in favour of the bulls with 1,515 advances and 1,107 declines. The Total Investment & Insurance Solutions
The
domestic currency, which has recovered smartly from an all-time low against the
dollar, forced some profit booking on the information technology counter. The
BSE IT index plunged 0.74%. The Total
Investment & Insurance Solutions
The
euro sank to a 20-month low against the dollar amid worries over a possible
push by Italy to leave the common currency bloc and also concerns over the
health of several Italian banks. However, later in the day the currency clawed
back almost all the ground it had lost overnight.
The
domestic market stayed cautious ahead of RBI’s money policy review, which will
take place on Wednesday. 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)
On
the global front, European markets opened on a positive note after digesting a
‘No’ vote in the constitutional referendum in Italy, which also a provided
thrust to the market.
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) |
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