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6
March 2017
I had
mentioned in Friday’s closing report that Nifty, Sensex were struggling to head
higher. The major indices of the Indian stock markets rallied on Monday and
closed 0.75% higher than Friday’s close. The trends of the major indices in the
course of Monday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
India
Vix closed at 13.64, up 2.15%. NSE turnover was at 90.04 crore.
Indian
equity markets surged to new closing-high levels on Monday as investors'
sentiments were buoyed by positive global cues, coupled with a marginally
strong rupee. The key indices closed with gains of more than half a per
cent each to touch new closing highs since March 2015. On the NSE, there were
787 advances, 649 declines and 62 unchanged. On the BSE, there were 1,514
advances, 1,368 declines and 213 unchanged.
Hydrocarbons
major Cairn India on Monday announced it has appointed oil and gas experts
Melody Meyer and Atul Gupta as advisors in a move to gear up to realise its aim
of contributing 50 per cent of India's overall crude production. "They
will provide strategic direction and delivery focus to Cairn India, as the
company embarks upon its growth journey of contributing to 50 per cent of
India's overall crude production, through 5 billion barrels of oil equivalent
reserves and growing and sustaining production at 300,000 barrels of oil and
oil equivalent per day," Cairn India said in a release. The
company’s shares closed at Rs292.00, down 0.49% on the BSE. The Total Investment & Insurance Solutions
Tata
Steel could be considering withdrawing from talks on a planned merger of its
European business with German conglomerate Thyssenkrupp, British media reported
on Sunday. The Sunday Times newspaper said that Tata Steel is considering a
"daring plan to break off a planned merger" of its European business
with those of the German conglomerate. Such a deal with the German steel giant,
talks on which were announced by Tatas last year, could lead to the formation
of a European steel behemoth with blast furnaces in Wales, the Netherlands and
Germany. According to the paper, however, the deal has been taking time
to close as Tata Steel tries to solve the problem of its 15 billion pounds
British steel pensions scheme. The company has been engaged with
stakeholders in Britain to find a structural solution and a way forward with
regard to the affordability of the legacy pension scheme liabilities. Tata
Steel shares closed at Rs492.95, down 0.41% 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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