Contact Your Financial Adviser Money Making MC
16
January 2017
Hopes
of better third-quarter (Q3) results, coupled with positive macro-economic
data, lifted the Indian equity markets on Monday. However, investors remained
cautious ahead of the GST Council meet slated to be held later during the day.
Nevertheless, healthy buying was witnessed in banking, metal and auto stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 12.45
points or 0.15% to 8,412.80 points. The Sensex has touched a high of 27,335.08
points and a low of 27,172.68 points during 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 1,553 advances and
1,206 declines. On Friday, profit booking, coupled with a depreciating rupee
and disappointing earnings guidance from an IT major, dragged the benchmark
indices lower. The Total Investment
& Insurance Solutions
The BSE
Mid-cap Index closed at 12,673.00 up by 0.27%, whereas BSE Small-cap Index
closed at 12,762.09 up by 0.57%. Among the sector-related stocks, metals, gems
and jewellery as well as fertilisers stood among the top gainers, while glass,
rubber, petroleum and engineering sector-related stocks remained among top
losers. The Total Investment &
Insurance Solutions
Nifty
Pharma closed losing 0.26%. Pharma giants remained under pressure of scrutiny
of their business by US government. Sunpharma was the top loser which pulled
down the Pharma index in Monday’s trading session. BSE Realty gained over 1.5%
in an otherwise range-bound market on back of heavy volumes. The Total Investment & Insurance
Solutions
The
INDIA VIX is trading at 14.97 up 4.08%.Brent last traded at $55.56 a barrel,
flat on the day.
Moody's
said today that the Indian government is likely to achieve its fiscal deficit
target of 3.5% of GDP in the current fiscal but higher infrastructure spending
will limit the room to reduce it further to 3% in 2017-18.
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, regional share markets were hesitant, with MSCI's broadest index of
Asia-Pacific shares outside Japan down 0.5%, while Shanghai shed 1.4%. Nikkei
share average fell on Monday to its lowest level in more than two weeks, hurt
as the yen appreciated on concerns Britain might make a hard exit by from the
European Union. The Nikkei ended the day down 1% at 19,095.24 after brushing
19,061.27, its lowest level since December 30th. 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