Contact Your Financial Adviser Money Making MC
5
April 2017
I have
mentioned on Monday’s closing report that Nifty and Sensex will continued to
rally and make considerable gains. Indian shares clocked a record closing high
on Wednesday, helped by a rally in auto and realty stocks, while investors
awaited a central bank policy meet on Thursday. 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)
The
Nifty ended 0.30% higher at 9,265.15. Earlier in the day, the index hit 9273.9,
its highest ever. The Total Investment & Insurance
Solutions
Indian
shares climbed with key benchmarks registering new record high as foreign funds
continue ramp up their investments in local equities. The S&P BSE Sensex
gained 0.2% to 29,974.24 – a record closing for the 30-share benchmark.
Intraday, the index crossed the 30,000 mark for the first time since March
2015. Meanwhile, the NSE’s Nifty 50 index rose 0.3% to 9,265 also a record
close for the index. The 50-share index made an intraday high of 9,273.
All
the sectoral indices, barring the technology index, advanced on the BSE.
The market breadth was dominated by the bulls with three stocks advancing
to every one stock that declined on the NSE. In the sectoral landscape, realty
stocks surged the most, sending the S&P BSE Realty index 4% higher at
1671.21. The rally was fuelled by rise in shares of Sobha, Godrej Properties
and Unitech. The domestic equity market continued its winning momentum for a
second straight trading session of FY18 as benchmark indices hit fresh highs
fuelled by heavy buying in bluechips such as Reliance Industries, Maruti Suzuki
and L&T.
In
stock-specific action, shares of Reliance Industries rallied for a fifth
straight trading session on Wednesday to hit the Rs1400-mark for the first time
since May 2008. The company is now just Rs14,000 crore away in market value
from displacing TCS as the most-valued firm on Dalal Street.
Unitech
made a comeback with a bang as the shares of the company jumped over 15% after
the company said on Monday its managing directors, Sanjay Chandra and Ajay
Chandra, committed no fraud with any investor and the delay in project delivery
was due to reasons beyond control of the company. The Total Investment & Insurance Solutions
Realty
firm Sobha soared to a 2 year-high on upbeat operational update. Shares of the
company closed at Rs399 a piece, up 16.24%. The Total Investment & Insurance Solutions
Shares
of the state-owned telecom company rose as much as 11% to Rs27.20, the highest
since March 2015. MTNL is considering asset sale proposals to reduce debt, the
company said in a regulatory filing. The Total
Investment & Insurance Solutions
On
the global front, oil hit a one-month high near $55 a barrel on Wednesday as a
drop in US inventories raised hopes that OPEC-led supply restraint is clearing
a glut, while an outage at a UK North Sea oilfield lent support. The Total Investment & Insurance Solutions
Chinese
stocks ended higher led by the Shanghai benchmark posting its best day in eight
months, as investors cheered Beijing's decision to launch a new economic zone
in Hebei province.
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
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| Asian Indices (The Total Investment & Insurance Solutions) |
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