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21
February 2017
I had mentioned in Monday’s closing report that
Nifty, Sensex were headed higher. The major indices in the Indian stock markets
closed with small gains over Monday’s close. The trends of the major indices in
the course of Tuesday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Indian
equities markets traded on a flat-to-negative note during the mid-afternoon
trade session on Tuesday as selling pressure was witnessed in Teck (technology,
media and entertainment), telecom and IT (information technology) stocks.
Besides, broadly negative Asian indices and caution ahead of derivatives expiry
subdued investors' sentiments. The key indices, which opened on a flat note,
traded marginally in the red on the back of profit booking. The Total Investment & Insurance
Solutions
The CNX
Nifty faced resistance at higher levels and traded with sideways sentiments due
to profit booking. IT sector stocks faced resistance at higher levels, while
banking, pharma, auto, oil-gas and FMCG (fast moving consumer goods) stocks
traded with mixed sentiments due to profit booking. However, textile, aviation,
media-entertainment and cement stocks traded with firm sentiments due to buying
support, although power sector stocks traded with bearish sentiments.
Reliance
Industries (RIL) Chairman and Managing Director Mukesh Ambani on Tuesday said
Reliance Jio has crossed the 100 million customer mark since its launch on
September 5. Jio was launched on September 5 last year. In only 170 days we
have crossed the 100 million customer mark. This achievement is of India and
Indians, Ambani told the media. He said that on an average Jio added seven
customers on its network every second. This is an unprecedented level of
acceptance of any technology company anywhere in the world. Ambani said that
prior to the launch of Reliance Jio, India was ranked 150th in terms of data
penetration. It was now at number one. Last month, Jio users have consumed 100
crore gigabytes of data. India is number one today in terms of mobile data
usage. Ambani said by the end of 2017, 99% of the country's population will be
covered by the network with its presence in nearly all cities, towns and
villages. He pointed out that the company has doubled its 4G stations as
compared to its competitors. Announcing free user benefits for another 12 months
under a cost-effective membership plan, Jio's latest offerings are expected to
stiffen the competition further in the telecom sector. Under Jio prime
membership plan, the users can become members for a full year for a nominal
one-time fee of Rs99. Enrolment will start from March 1 and will remain open
till March 31. They would continue enjoying the unlimited benefits for another
12 months, he said. Post-March 2018, Jio prime members would be able to avail
the same benefits for another year at Rs303 per month tariff plan, he added.
Apart from that, he said the company will start offering tariff plans starting
April 1 for people who do not opt for the prime membership plan. We will start
offering tariff plans starting April 1. Calls to all networks, roaming will
remain free after April 1, he added. Ambani also vowed to match the tariff data
plans of its competitors with 20 per cent more data. Reliance Industries shares
closed at Rs1,088.25, up 1.36% on the BSE. The Total Investment & Insurance Solutions
The
Board of Directors of IDBI Bank on Tuesday approved sale of the bank's non-core
investments. In a regulatory filing in BSE, the bank said its Board has
approved in-principle a proposal to divest some of its non-core investments
subject to compliance with all applicable laws and regulations and subject to
final approval to be obtained for each transaction by Delegated Authority. The
bank also said the Board did not discuss the issue of issuing capital at its
meeting as the agenda could not be submitted for discussion. According to IDBI
Bank, the issue of capital may be discussed in a subsequent Board meeting. IDBI
Bank shares closed at Rs82.95, up 0.73% on the BSE.
The top
gainers and top losers of the major indices are given in the table below:
 |
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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