Wednesday, 18 January 2017

Nifty, Sensex finding it hard to push higher – Wednesday closing report-The Total Investment & Insurance Solutions

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18 January 2017

The Indian equities markets closed on a flat-to-positive note on Wednesday as broadly positive Asian indices and healthy third-quarter (Q3) results buoyed investors' sentiments. However, profit booking, a weakened rupee and caution ahead of US Federal Reserve Chairman Janet Yellen's speech on monetary policy capped gains. The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 19 points or 0.23%, to 8,417 points. The Sensex touched a high of 27,422.67 points and a low of 27,217.65 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 1,500 advances and 1,253 declines. 26 stocks advanced in the Nifty50 index, while 25 stocks ended the day in red. On Tuesday, profit booking and negative global indices subdued the benchmark indices. 

Indian benchmark indices retreated after hitting a day’s high in the first hour of the trading session. Broader markets outperformed, wherein Small-cap and Mid-cap indices surged 0.65% and 0.47% respectively. The Total Investment & Insurance Solutions


Among the sector-related stocks, metals, cement, electric equipment, cables stood among top gainers, while aquaculture, iron and steel, glass, petroleum, rubber related stocks remained among top losers. 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)
In Asia, MSCI's ex-Japan Asia-Pacific shares index rose 0.4%, just shy of a three-month high hit last Thursday. Energy and cyclicals were the chief gainers. In currency markets, the British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session. 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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