Contact Your Financial Adviser Money Making MC
9
January 2017
I had
mentioned in Friday’s weekly closing report that bulls may have a tough time.
Profit booking, coupled with rupee depreciation subdued the Indian equities
markets on Monday. However, recovery in banking, IT (information technology)
and FMCG (fast moving consumer goods) sectors somewhat arrested the downward
spiral. The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched
down by 7.75 points to 8,236.05 points. The Sensex touched a high of 26,860.88
points and a low of 26,701.18 points in the intra-day trade. The Total Investment & Insurance Solutions
The
trends of the major indices in the course of Monday’s trading are given in the
table below:
 |
Major Indices (The Total
Investment & Insurance Solutions)
The
BSE market breadth was tilted in favour of the bulls - with 1,599 advances and
1,215 declines. Broader markets, specifically Midcap and Smallcap yet again
beat the benchmark indices by closing 0.24% and 0.43% higher. Pharma tumbled
1.5% whereas Metal and Auto turned negative with 0.1% of marginal losses. All
eyes are on third quarter earnings season and macro data especially after the
currency demonetisation. The Total Investment
& Insurance Solutions
BEML
was the most active stock on bourses after the government decided to divest 26%
stake in the company to strategic investors. The stocks surged 20% to Rs1,189
in intra-day to end 16.2% higher. The Total
Investment & Insurance Solutions
Granules
India has dipped nearly 11% in early morning trade to end 10% lower after the
pharmaceutical company said it has received 11 observations from Infarmed
(InstitutoNacional da Farmacia E Do Medicamento), the Portuguese drug
regulator, for its facility located at Gagillapur, Telangana. 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) |
Asian
markets rose on Monday tracking strong closure from main three indices of Wall
Street. The Markets remained buoyed post US jobs data and ahead of policy
measures under the reign of newly elected President Trump. China was moderately
higher by 0.5% led by rise in defence stocks while Hang Seng rose 0.25%.
European markets opened lower where investors remained cautious ahead of fresh
data from euro zone and volatile energy stocks.
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