Monday, 19 December 2016

Nifty, Sensex may head lower - Monday closing report-The Total Investment & Insurance Solutions

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19 December 2016

I had mentioned in Friday’s closing report that Nifty, Sensex are on a slow decline. Sensex, Nifty traded in the red throughout the day. Nifty sectoral indices ended in red while Nifty IT was in green and up marginally. Also, the Sensex indices ended on a negative note after being marginally down. S&P BSE Sensex ended the day at 26,375, down 115 points, while the broader Nifty50 settled at 8,104, down 35 points. Broader market indices performed in line with the headline indices, with BSE Midcap and Smallcap down 0.51% and 0.46% respectively. The Total Investment & Insurance Solutions


The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Major Indices (The Total Investment & Insurance Solutions)


In the sectoral landscape, telecom stocks slumped the most, pushing S&P BSE Telecom index to 1.36 per cent lower at 1130.13 with Bharti Airtel, Bharti Infratel and Tata Communications contributing the most to the fall. Consumer durable stocks were the second-worst performers with S&P BSE Consumer Durables index falling 1.24 per cent at 10912.66. The Total Investment & Insurance Solutions


The India VIX (Volatility) index was down 2.72% at 14.83. Out of 1897 stocks traded on the NSE, 986 declined and 628 advanced today. A total of 17 stocks registered a fresh 52-week high in trade today, whereas 21 stocks touched a new 52-week low on the NSE. The Indian Rupee was trading at 67.80 per dollar. Gold was trading at Rs27,210 per 10 grams and silver was trading at Rs39,529 per kg.

Lupin was up as the pharma major launched antifungal drug Voriconazole tablets and Voriconazole oral suspension in the US. Back home, Aurobindo Pharma rebounded over a percent after the company in its clarification note says it has not received any further requests for information pursuant to that March 2016 subpoena, nor we have received any further subpoenas from the US Department of Justice.

The top gainers and top losers of the major indices are given below:
 
Top Gainer (The Total Investment & Insurance Solutions)

Asian shares slipped to four-week lows on Monday as the prospect of higher U.S. interest rates and a strong dollar stemming from the incoming Trump Administration's purported policies of cutting taxes and spending heavily threatened to suck capital out of emerging markets. Japan's Nikkei, which has benefited from the yen's sharp fall against the dollar, snapped its nine-day winning streak, dipping 0.1% from Friday's one-year high. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.3% to a four-week low. It has lost 3.7% since Trump was elected.


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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