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7
February 2017
I had
mentioned in Tuesday’s closing report that Nifty, Sensex can reverse anytime.
The major indices of the Indian stock markets made small losses at the close of
trading on Tuesday over Monday’s close. The trends in the major indices over
Tuesday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
| Major Indices (The Total Investment & Insurance Solutions) |
Profit
booking, coupled with negative global cues and a weak rupee, pulled the Indian
equities markets lower during the mid-afternoon trade session on Tuesday.
Besides, investors were cautious ahead of the monetary policy review of the
Reserve Bank of India (RBI). The RBI is expected to conduct its sixth and final
bi-monthly monetary policy review of the current fiscal on February 7-8, 2017.
The key indices traded in the red, as selling pressure was witnessed in
automobile, metal and IT (information technology) stocks.
Moreover,
flat crude oil prices and a weak rupee also added to the downward trend of the markets.
Firm USD/INR futures prices pressurised the price movement of the Indian
equities markets. IT (information technology) stocks traded down due to selling
pressure, while oil-gas, textile, aviation, media-entertainment, cement and
power sector stocks traded with bearish sentiments due to profit booking at
higher levels. The Total Investment & Insurance
Solutions
The
BSE market breadth was tilted in favour of the bears -- with 1,561 declines and
1,324 advances. In terms of the broader markets, the BSE mid-cap index fell by
0.18%, while the BSE small-cap index inched down by 0.09%. On Monday, the
benchmark indices surged on the back of positive global cues to hit their
five-month closing highs. Markets ended lower on Tuesday after witnessing a
surge in the previous session. Selling pressure intensified in the afternoon
session. Major Asian markets too have ended lower barring the Singapore and
Taiwan indices. European indices like FTSE 100, CAC 40 and DAX however traded
higher. According to market observers, investors stayed on the sidelines ahead
of the central bank's policy decision on Wednesday. The RBI (Reserve Bank of
India) rate decision is likely to be a close call, with favourable macros on
one hand and rising oil and liquidity build-up post demonetisation on the
other. The RBI is expected to conduct its sixth and final bi-monthly monetary
policy review of the current fiscal on February 7-8, 2017. The Total Investment & Insurance Solutions
The
provisional data with exchanges showed that foreign institutional investors
(FIIs) purchased stocks worth Rs201.13 crore, while the domestic institutional
investors (DIIs) purchased scrip worth Rs1,620.03 crore. Media-entertainment
stocks traded with mixed sentiments while FMCG, cement and power stocks also
traded down due to selling pressure at higher levels.
Bharat
Heavy Electricals (BHEL), a state-run firm, on Tuesday reported a standalone
net profit of Rs93.54 crore for the quarter ended 31 December 2016. The company
reported a net loss of Rs1,084.96 crore during the same quarter of last fiscal.
Total income from operations of the state-run firm increased by 18.73% to
Rs6,325.44 crore for the quarter ended 31 December 2016, as compared to
Rs5,327.24 crore reported for the corresponding period of 2015-16. The company
has an outstanding order book position of Rs98,400 crore as at the end of third
quarter of 2016-17," the company pointed out in a regulatory filing to the
BSE. BHEL's Board of Directors declared and approved payment of 'interim
dividend' at the rate of 40% Rs0.80 per share on the paid up share capital of
the company for 2016-17. Interim dividend shall be paid/dispatched on 22
February 2017," the filing said. 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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