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12
January 2017
Anticipation of healthy quarterly
earnings results and budgetary sops, coupled with a strengthened rupee, buoyed
the Indian equities markets on Thursday. Both the key indices provisionally
closed in the green, as healthy buying was witnessed in capital goods, IT and
TECK (technology, media and entertainment) stocks. The Total Investment
& Insurance Solutions
However, negative European indices
and caution ahead of the release of the Index of Industrial Production (IIP)
and Consumer Price Index (CPI) data for December capped gains.
The trends of the major indices in
the course of Thursday’s trading are given in the table below:
 |
Major Indices (The Total
Investment & Insurance Solutions)
The wider 51-scrip Nifty of the
National Stock Exchange (NSE) rose by 26.55 points or 0.32% to 8,407.20 points.
The Sensex touched a high of 27,278.93 points and a low of 27,166.69 points
during the intra-day trade. The Total Investment & Insurance
Solutions
The BSE market breadth was tilted in
favour of the bears - with 1,556 declines and 1,208 advances. On Wednesday, the
benchmark indices surged on the back of positive global cues and higher crude
oil prices. The broader market underperformed the headline indices with BSE
Midcap gaining 0.16% and BSE Smallcap down 0.15%.
IT Index rose around 2% on BSE with
Infosys gaining 3.5% in today’s trade ahead of its Q3 earnings tomorrow. The Total Investment
& Insurance Solutions
Pharma index pared earlier losses
but still settled the day 0.60% lower. The index was down after Trump said
yesterday pharmaceutical companies are "getting away with murder".
Lupin, Dr Reddy’s and Sun Pharma fell between 0.6%-2%. 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 U.S. dollar nursed widespread
losses on Thursday after President-elect Donald Trump's long-awaited news
briefing provided scant clarity on future fiscal policies, disappointing bulls
wagering on major stimulus. European shares fell, bucking gains in Asia and
Wall Street overnight and weighed down by a 2 percent slump in healthcare
stocks after Trump said pharmaceutical firms had been "getting away with
murder" with their prices.
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| Asian Indices (The Total Investment & Insurance Solutions) |
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