Contact Your Financial Adviser Money Making MC
4
January 2017
I had
mentioned yesterday that the market is in a resistance zone. Indian markets
were pulled marginally lower on Wednesday on the back of weak domestic cues.
Disappointing domestic services data for December and a lack of consensus at
the GST council meet subdued investors' sentiments. The key indices
provisionally closed marginally in the red, as banking, finance and energy
stocks witnessed selling pressure. The wider 51-scrip Nifty of the National
Stock Exchange (NSE) inched down by 1.75 points or 0.02 per cent to 8,190.50
points. The Sensex touched a high of 26,723.37 points and a low of 26,606.06
points during 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 1,575 advances and 1,161 declines. On Tuesday,
positive global indices, along with value buying and short covering, buoyed the
benchmark indices.
The Total Investment & Insurance Solutions
In the broader market, the S&P
BSE 500 closed 3 points lower at 11,116.92. The S&P BSE SmallCap index
bucked the trend to close 60 points higher at 12,375.22. Meanwhile, the S&P
BSE MidCap index ended 11 points lower at 12,194.63. Banking stocks bled the
most while realty stocks emerged as the top gainer followed by consumer
durables. The S&P BSE BANKEX index closed 170 points lower at 20,446.24. The Total Investment
& Insurance Solutions
Jubilant Life Sciences zoomed 12%
after the company signed a long-term contract in Radiopharma business with
Montreal Canada for distribution of products used for diagnostic and
therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and bone
scans.
Ramco Systems shot up 9% on the BSE.
Panasonic Group of companies in Malaysia has signed a multi-million-dollar
strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of
India-headquartered HR software major Ramco Systems to digitize and transform
HR and Payroll operations for nearly 20,000 employees nationwide on a unified
platform.
The top gainers and top losers of
the major indices are given in the table below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
China stocks ended higher extending
Tuesday's gains, as improving liquidity in money markets and moderating
interest rates lifted market sentiment. Japan's Nikkei rose 2.5% to 19.594.16,
making the biggest gains in about two months and closing at its highest level
since early December 2015. The blue-chip CSI300 index rose 0.8% to 3,368.31
points, while the Shanghai Composite Index gained 0.7 per cent to 3,158.79
points. European markets were steady at the open. 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) |
No comments:
Post a Comment