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11 January
2017
Positive
global cues, coupled with healthy third quarter (Q3) results pushed the Indian
equities markets higher on Wednesday. Besides, higher global crude oil prices
and anticipation of sops to be announced during the Union Budget enhanced
investors' risk-taking appetite. Healthy buying was witnessed in banking, metal
and capital goods stocks. The wider 51-scrip Nifty of the National Stock
Exchange (NSE) edged up by 92.05 points or 1.11 per cent to 8,380.65 points.
The Sensex touched a high of 27,174.87 points and a low of 26,978.44 points
during the intra-day trade. The Total
Investment & Insurance Solutions
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)
The
BSE market breadth was tilted in favour of the bulls - with 1,726 advances and
1,079 declines. On Tuesday, the Indian equities markets surged on the back of
expectations on more spending support from the upcoming Union Budget and a
strengthened rupee.
In
the broader market, BSE Midcap index (up 1.4%) outperformed the headline
indices. BSE Smallcap index gained 0.9%. The
Total Investment & Insurance Solutions
Metal
index rose on account of rise in international coking coal prices and China’s
expected cut down of steel output in the next fiscal. Tata Steel sizzled as
reports on Chinese steel companies reducing its steep output surfaced in
markets in the early hours of the trading session. BSE Metal settled the day
4.4% higher, led by gains in Jindal Steel (up 9.2%), Hindalco (up 6.4%), SAIL
(up 6.3%), Nalco (up 6%), and Coal India (up 5.6%).
IndusInd
Bank rallied more than 6%. Lupin shares gained more than 2% on account of
approval from US Food and Drug Administration for Desoximetasone cream that is
used for relief of the inflammatory and pruritic manifestations of
corticosteroid-responsive dermatoses.
Investors
await the key quarterly corporate results from software services firm TCS and
Infosys. The IT giants will report their December quarter earnings on Thursday
and Friday, respectively. Stocks of both firms ended flat today. The Total Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
The
Asian markets was trading on a two-month high as investors were on the edge
watching for President-elect Donald Trump's news conference later in the day
for any clues to his policies on tax, fiscal spending, international trade and
currencies. The Total Investment & Insurance
Solutions
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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