Contact Your Financial Adviser Money Making MC
13
February 2017
I had
mentioned in our Friday’s closing report that Nifty, Sensex lacks momentum. The
major indices of the Indian stock markets ended flat and did not show much
signs of change. 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)
Indian
equity benchmarks closed flat with very little gains on Monday as the market
waited for the January retail inflation data to be announced after hours.
Industrial production declined by 0.4% in December 2016 against the strong
growth of 5.7% in November 2016. Bank of Baroda, one of the largest public
lenders, fell more than 10% because the market was disappointed with the
December quarter results. SBI also fell 1.76% whereas most of the private bank
stocks rose. Coal India fell 1.23% after consolidated net profit fell 20.25% to
Rs2884.47 crore on 2.88% rise in total income to Rs21531.28 crore for the
December 2016 quarter, the results of which were announced on Saturday, 11
February 2017. Infosys rose by 1.6% as co-founder NRM Murthy commented that
Chairman R Seshasayee enjoys the “highest integrity” and called off his fight
with the board, saying that the company will deal with the corporate governance
issues. Piramal enterprises rose by 3.37% after reporting growth in total
income of 31.11% to Rs2,313.83 crore and net profit growth of 31.66% to
Rs404.08 crore. Suzlon rose by 11% after the company reported growth in total
income of 75.7% to Rs3307.48 crore and net profit of Rs274.34 crore for
December 2016 quarter as against net loss of Rs121.84 crore in December 2015
quarter.
The
BSE market breadth was tilted in favour of the bears -- with 1,081 advances and
1,787 declines. On the NSE, there were 538 advances, 1115 declines and 75
unchanged.
The
top gainers and top losers of the major indices are given in the table below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
Retail
Inflation eased to 3.17% in January as against 3.41% in December, indicating
weak demand by households and companies as demonetisation brought in cash
crunch and spending and investment being put off. Consumer food price
inflation also slipped to 0.53% as compared to 1.37% in December 2016. 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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