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10
March 2017
I had
mentioned in Thursday’s closing report that Nifty, Sensex continued to be
range-bound. Indian equity markets provisionally inched up on Friday, as
positive global cues and healthy buying in capital goods, automobile and IT
stocks buoyed investors' sentiments.
The
trends of the major indices in the course of Friday’s trading are given in the
table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Indian
shares ended little changed ahead of the election outcome in five states on
Saturday. The S&P BSE Sensex ended almost flat at 28,946, gaining 0.35% for
the week. The NSE Nifty 50 index ended 0.1% higher at 8,934, gaining 0.42% for
the week.
The
advanced-decline ratio was firmly in favour of the sellers. 624 stocks ended
with gains while 986 stocks declined. 311 stocks remained unchanged in the day
of trade.
Tata
Motors announced that it has signed a Memorandum of Understanding (MoU)
with Germany's Volkswagen Group and Skoda to jointly develop products in
the long-term.
Shares
of Alembic Pharma jumped by as much as 7.76%, to Rs648, after the company, in
an exchange filing, said that its bio-equivalence facility at Baroda, Gujarat
was inspected by the United States Food and Drug Administration between March
6-10, 2017. No form 483s were issued at the end of the inspection, the filing
said.
India’s
industrial output grew 2.7% in January, from a -0.4% percent in December and
-1.5% in January last year, amid signs that demonetisation and restricted cash
access continued to hurt production activity in thousands of factories. The
manufacturing sector, which accounts for more than 75% of the index of
industrial production (IIP), grew 2.3% in January, compared to -2% in December and
-3% in January last year. The latest factory output data came barely ten days
after government forecast India’s “real” or inflation-adjusted gross domestic
product (GDP) is likely to grow at 7.1% in 2016-17, running counter to analyst
projections that had forecast a sharp deceleration in the broader economy
because of demonetisation.
The
wider 51-scrip Nifty of the National Stock Exchange was up 7.55 points, or
0.08%, to 8,934.55 points. The Sensex touched a high of 29,076 points and a low
of 28,851 points during the intra-day trade. The Total Investment & Insurance Solutions
In
contrast, the BSE market breadth was tilted in favour of bears, with 1,639
declines and 1,165 advances. The Total
Investment & Insurance Solutions
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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