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21
March 2017
I had
mentioned in Monday’s closing report that Nifty, Sensex were to move sideways.
The major indices of the Indian stock markets were range-bound on Tuesday and
ended flat 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
equity markets slipped for the second consecutive trade session on Tuesday as
selling pressure was witnessed in healthcare, banking and automobile stocks.
The key indices traded in the red during the mid-afternoon trade session as
investors booked profits. By the end of the day’s trading, bulls returned and
the major indices ended flat. A strong rupee and broadly positive global cues
aided the key indices to pare some losses and close the day on a flat note. On
the NSE, there were 498 advances, 960 declines and 56 unchanged. On the BSE,
there were 1,088 advances, 1,694 declines and 192 unchanged.
IT
(information technology), banking, pharma, auto, oil-gas and textile sector
stocks traded with bearish sentiments due to profit booking at higher levels.
Aviation, FMCG (fast moving consumer goods) and power sector stocks also traded
on a lower note. However, cement sector stocks traded with firm sentiments due
to buying support.
Titan
Company Limited on Tuesday announced that it will integrate IBM Watson Customer
Engagement solutions to serve as the backbone of its online platform, enabling
the company to tailor online campaigns and increase its customer base. Titan
aims to use IBM's platforms to drive visitors to its brand websites as well as
footfall into its 1,500 retail stores and 10,000 multi-brand outlets located
across India. Titan shares closed at Rs463.70, down 0.40% on the BSE.
State-run
Bharat Sanchar Nigam Limited (BSNL) on Tuesday launched a plan that will
provide 2GB data per day for Rs339 per month. "To compete with Jio and
other private players, we have introduced the cheapest plan with a rental value
of Rs 339 per month. Under this plan, the consumer will get 2GB per day,"
said Sanjiv Tyagi, General Manager, BSNL. "In a month, the consumer will
get 30 GB data and 25 minutes free call per day. After consumption of 25
minutes a levy of 25 paisa per minute will be imposed," he added. The plan
will be effective from April 1, 2017. The closely related state-run Mahanagar
Telephone Nigam Limited’s shares closed at Rs24.15, down 3.01% on the BSE. The Total Investment & Insurance Solutions
Finance
Minister Arun Jaitley on Tuesday moved the Finance Bill, 2017, for
consideration and passage in the Lok Sabha, saying that since it provides for
electoral bonds, it required consideration as a Money Bill, which can only be
debated in the Lower House. The passage of the Bill in Parliament would bring
continued stability to the stock markets in India.
US
stocks closed mixed after wavering between small gains and losses on Monday, as
investors digested remarks from several US Federal Reserve officials. The Dow
fell 0.04%, and the S&P 500 lost 0.20%, while the Nasdaq edged up 0.01%. The Total Investment & Insurance Solutions
The
US has told India that there is no significant change in its H1-B visa regime,
Parliament was informed on Monday. Commerce Minister Nirmala Sitharaman
told the Lok Sabha during Question Hour that India is vigorously articulating
its concerns on visa policy to the new American administration, which has
assured there is no significant change in the H1-B visa regime. The fear,
at least for 2017, is not proved to be correct. They (US authorities) are
saying their current priority is to deal with the illegal immigrants,"
Sitharaman said. This would quieten the fears of IT industry watchers in India.
The S&P BSE Information Technology index closed at 10,475.39 up 0.33% on
the BSE. 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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