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3
January 2017
I had
mentioned yesterday that Nifty, Sensex may give up some of the recent gains.
The key indices opened with losses and closed marginally in the green, as
buying was witnessed in consumer durables, oil and gas, and banking stocks. The
wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 12.75
points or 0.16 per cent to 8,192.25 points. The Sensex touched a high of
26,724.40 points and a low of 26,488.37 points during the intra-day trade. The
Total Investment & Insurance Solutions
The trends of the major indices in
the course of Tuesday’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 1,839 advances and 921 declines. In the broader
market, the S&P BSE 500 closed 47 points higher at 11,119. S&P BSE
MidCap eclipsed equity benchmark Sensex to close 73 points higher at 12,205.13
while S&P BSE SmallCap gained 125 points to close at 12,315.16. In sectoral
space, oil & gas stocks gained the most followed by energy stocks, whereas
telecom stocks bled the most. Banking stocks pared losses today after
yesterday's weakness due to lending rate cut.
The iron ore prices w.e.f. January 3
have been fixed at Rs 2225/WMT for Lump ore; while at Rs 1985/WMT for Fines.
The prices exclude Royalty, DMF, NMET, cess and Forest Permit fee. NMDC, a
state controlled mining company was up 1.5% after the company increased its
Lump ore prices. Indian Oil Corporation gained around 6%, hitting its 52-week
high, while HPCL and BPCL ended 3.71% and 2.96% respectively. The Total Investment
& Insurance Solutions
Meanwhile, Indian bonds rallied,
with yields falling to the lowest levels in nearly a month, after the
government reduced the amount of bond sales in January and February after a
recent surge in inflows into a government-run deposits scheme. Government will
present on February 1 its budget for the 2017/18 financial year starting on
April 1, a senior government official said today.
The top gainers and top losers of
the major indices are given in the table below:
Top Gainer (The Total
Investment & Insurance Solutions)
European markets opened higher. Most
Asian indices ended higher today, led by gains in mining and metal stocks,
after data showed Chinese manufacturing sector expanded faster than expected in
December. China's Shanghai Composite and Hong Kong's Hang Seng index also added
1% and 0.6%, respectively, while Japan was closed for an extended New Year
holiday. Oil and gas producers also rose tracking gains in prices of crude oil,
as the decision by Organization of the Petroleum Exporting Countries and
non-OPEC members to cut crude output came into effect from Jan 1. The Total Investment
& Insurance Solutions
The closing values of the major
Asian indices are given in the table below:The Total Investment
& Insurance Solutions
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| Asian Indices (The Total Investment & Insurance Solutions) |
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