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5
January 2017
Indian
equities markets surged on Thursday as positive global cues, appreciation in
the rupee and firm crude oil prices lifted investors' sentiments. The key
indices closed with gains of around 1% each, as buying was witnessed in
automobile, metal and banking stocks. The wider 51-scrip Nifty of the National
Stock Exchange (NSE) edged up by 83.30 points or 1.02% to 8,273.80 points. The
Sensex touched a high of 26,917.21 points and a low of 26,738.42 points during
the intra-day trade. The Total Investment
& Insurance Solutions
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
BSE market breadth was skewed in favour of the bulls - with 1,941 advances and
903 declines. On Wednesday, weak domestic services data and a lack of consensus
at the GST Council meet pulled the benchmark indices lower. The Total Investment & Insurance Solutions
Broader
market also rose with BSE Midcap and BSE Smallcap gaining 1.32% and 0.98%
respectively. Shares of refinery companies continued their upward move with the
S&P BSE Oil & Gas index hitting nine year high on the BSE in intra-day
trade on Thursday. The index closed 1.78% higher. The oil & gas index hit
an intra-day high of 12,601, its highest level since January 18, 2008. IOC hit
a new high of Rs354, up 3%, while Oil India touched a fresh 52-week high of
Rs469, up 3% on the BSE. ONGC, HPCL, IOC, BPCL and OIL from the index were up
in the range of 2% to 3%. The Total
Investment & Insurance Solutions
BSE
metal index rose around 3% in today’s trade out performing all the other
sectoral indices. JSW Steel is the biggest gainer in the sector followed by
JSPL, Vedanta and Hind Zinc. All ten index stocks ended in green in the index. The Total Investment & Insurance Solutions
Tata
Motors ended over 3% to Rs501.80 on the BSE after Jaguar Land Rover (JLR)
reported strong sales. Chambal Fertilisers sizzled upon reports of Ministry of
fertilisers seeking for Rs80, 000 crore as subsidy. 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
stocks climbed for an eighth consecutive day on Thursday, buoyed by further
gains on Wall Street and an overnight bounce in oil prices that bolstered
energy and resource shares. MSCI's broadest index of Asia-Pacific stocks
outside Japan rose more than 1%, extending a rally that has seen it gain 2% in
the opening days of 2017.
Markets
in Europe open lower after minutes from the last US Federal meeting showed
willingness to increase rates at a faster pace. The pan-European Stoxx 600
opened 0.39 points lower with most sectors trading in negative territory while
Britain's FTSE 100 index held near record highs. The Total Investment & Insurance Solutions
 |
| Asian Indices (The Total Investment & Insurance Solutions) |
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