Contact Your Financial Adviser Money Making MC
1 March
2017
I had mentioned in Tuesday’s closing
report that Nifty, Sensex were in a mild correction. The major indices of the
Indian stock markets rallied on Wednesday to close 0.75%-0.84% higher than
Tuesday’s close. The trends of the major indices in the course of Wednesday’s
trading are given in the table below: The
Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Positive
domestic macro-economic data, coupled with firm global cues and upbeat quarterly
automobile results lifted the Indian equities markets on Wednesday. India's
gross domestic product (GDP) for the third quarter of 2016-17 Fiscal ended
December, which recorded a growth of 7%, and expansion in the manufacturing
Purchasing Managers' Index (PMI) to 50.7 in February, kept investors'
sentiments buoyed. The key indices closed with gains of more than 0.5% each, as
buying was witnessed in stocks of metal, banking and healthcare stocks. On the
NSE, there were 914 advances, 571 declines and 79 unchanged. On the BSE, there
were 1,647 advances, 1,199 declines and 196 unchanged. The Total Investment & Insurance Solutions
Two-wheeler
maker Eicher Motors on Wednesday said it closed last month with 19 per cent
sales growth. In a statement, the company said it sold a total of 58,439 units
last month, up from 49,156 units sold in corresponding month of 2016. The
company sold a total of 606,377 units during April 2016-February 2017 as
against 456,834 units sold during the corresponding period of the previous
year. Eicher Motors shares closed at Rs23,712.00, down 1.89% on the BSE.
India's
second largest car maker Hyundai Motor India Ltd on Wednesday said it sold
52,734 units last month, logging a 6% volume growth. In a statement, the
company said it sold 52,734 units (domestic 42,327 units, exports 10,407) last
month as against 49,729 units (domestic 40,716 units, exports 9,013) sold in
February 2016. S & P BSE Auto Index closed at 21546.27, up 0.28%. The Total Investment & Insurance
Solutions
Pharma
major Lupin Limited on Tuesday said that it has received final approval for its
Oxycodone and Acetaminophen tablets and sodium, potassium and magnesium
sulphate oral solution from the US Food and Drug Administration (FDA). The
approval will help the pharmaceutical company to market a generic version of
Vintage Pharmaceuticals LLC's Percocet tablet and Braintree Laboratories' Bowel
Prep kit. The company will commence promoting the products shortly. Percocet
tablets had US sales of $838.7 million while Suprep Bowel Prep Kit had $207.2
million. On Wednesday, Lupin shares closed at Rs1,469.45, down 0.20% on the
BSE. The Total Investment &
Insurance Solutions
Tata
Steel on Tuesday announced that its Rs542 crore ferro-chrome greenfield plant
at Gopalpur Industrial Park in Odisha has commenced production. "The
recently-commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial
Park in Ganjam district of Odisha, has achieved a major milestone with the
first ever production of ferro-chrome on February 25, 2017, in compliance with
all technical parameters," a company statement said. As part of the anchor
investment in Tata Steel's Gopalpur Industrial Park, the ferro-chrome plant has
an installed capacity of 55,000 tonne per annum (tpa). A unique
environment-friendly plant with state-of-the-art pollution control equipment
and technology such as effluent treatment and sewage treatment plants, it was
inaugurated by Odisha Chief Minister Naveen Patnaik on November 30, 2016. Tata
Steel shares on Wednesday closed at Rs500.30, up 3.66% on the BSE.
The
top gainers and top losers of the major indices are given in the table below:
The
closing values of the major Asian indices are given in the table below:The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
1 March
2017
I had mentioned in Tuesday’s closing
report that Nifty, Sensex were in a mild correction. The major indices of the
Indian stock markets rallied on Wednesday to close 0.75%-0.84% higher than
Tuesday’s close. The trends of the major indices in the course of Wednesday’s
trading are given in the table below: The
Total Investment & Insurance Solutions
Positive
domestic macro-economic data, coupled with firm global cues and upbeat quarterly
automobile results lifted the Indian equities markets on Wednesday. India's
gross domestic product (GDP) for the third quarter of 2016-17 Fiscal ended
December, which recorded a growth of 7%, and expansion in the manufacturing
Purchasing Managers' Index (PMI) to 50.7 in February, kept investors'
sentiments buoyed. The key indices closed with gains of more than 0.5% each, as
buying was witnessed in stocks of metal, banking and healthcare stocks. On the
NSE, there were 914 advances, 571 declines and 79 unchanged. On the BSE, there
were 1,647 advances, 1,199 declines and 196 unchanged. The Total Investment & Insurance Solutions
Two-wheeler
maker Eicher Motors on Wednesday said it closed last month with 19 per cent
sales growth. In a statement, the company said it sold a total of 58,439 units
last month, up from 49,156 units sold in corresponding month of 2016. The
company sold a total of 606,377 units during April 2016-February 2017 as
against 456,834 units sold during the corresponding period of the previous
year. Eicher Motors shares closed at Rs23,712.00, down 1.89% on the BSE.
India's
second largest car maker Hyundai Motor India Ltd on Wednesday said it sold
52,734 units last month, logging a 6% volume growth. In a statement, the
company said it sold 52,734 units (domestic 42,327 units, exports 10,407) last
month as against 49,729 units (domestic 40,716 units, exports 9,013) sold in
February 2016. S & P BSE Auto Index closed at 21546.27, up 0.28%. The Total Investment & Insurance
Solutions
Pharma
major Lupin Limited on Tuesday said that it has received final approval for its
Oxycodone and Acetaminophen tablets and sodium, potassium and magnesium
sulphate oral solution from the US Food and Drug Administration (FDA). The
approval will help the pharmaceutical company to market a generic version of
Vintage Pharmaceuticals LLC's Percocet tablet and Braintree Laboratories' Bowel
Prep kit. The company will commence promoting the products shortly. Percocet
tablets had US sales of $838.7 million while Suprep Bowel Prep Kit had $207.2
million. On Wednesday, Lupin shares closed at Rs1,469.45, down 0.20% on the
BSE. The Total Investment &
Insurance Solutions
Tata
Steel on Tuesday announced that its Rs542 crore ferro-chrome greenfield plant
at Gopalpur Industrial Park in Odisha has commenced production. "The
recently-commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial
Park in Ganjam district of Odisha, has achieved a major milestone with the
first ever production of ferro-chrome on February 25, 2017, in compliance with
all technical parameters," a company statement said. As part of the anchor
investment in Tata Steel's Gopalpur Industrial Park, the ferro-chrome plant has
an installed capacity of 55,000 tonne per annum (tpa). A unique
environment-friendly plant with state-of-the-art pollution control equipment
and technology such as effluent treatment and sewage treatment plants, it was
inaugurated by Odisha Chief Minister Naveen Patnaik on November 30, 2016. Tata
Steel shares on Wednesday closed at Rs500.30, up 3.66% 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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