Contact Your Financial Adviser Money Making MC
6
February 2017
I had mentioned in our
Friday’s closing report that Nifty, Sensex were reaching overbought zone. The
major indices of the Indian stock markets rallied on Monday and closed with
small gains of less than 1%. The trends of the major indices in the course of
Monday’s trading are given in the table below: The Total Investment & Insurance Solutions
 |
| Major Indices (The Total Investment & Insurance Solutions) |
Positive
global cues, coupled with a strong rupee and higher crude oil prices, lifted
the Indian equities markets on Monday. The key indices provisionally closed
with gains of more than 0.5% each, even as some gains were capped due to profit
booking. Buying was witnessed in banking, consumer durables and healthcare
stocks. The BSE market breadth was tilted in favour of the bulls -- with 1,841
advances and 1,015 declines. On the NSE, there were 1,108 advances, 541
declines and 76 unchanged. The Total
Investment & Insurance Solutions
Industrial
conglomerate Tata Group's holding company Tata Sons said that a majority of its
shareholders have voted to remove Cyrus Mistry as a Director on its Board
during an extraordinary general meeting (EGM) held here on Monday. "The
shareholders of Tata Sons, at the extraordinary general meeting held today,
passed, with the requisite majority, a resolution to remove Cyrus P Mistry as a
Director of Tata Sons," the company said in a statement. Tata Sons' Board
had ousted Mistry on October 24, 2016, as its Chairman and appointed Ratan Tata
as Interim Chairman. However, Mistry still remained as a Director on the Board
of the holding arm of the $100 billion-plus group. TCS shares closed at
Rs2,240.55, up 0.30% on the BSE.
The
top gainers and top losers of the major indices are given in the table below:
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| Top Gainer (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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