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27 April
2017
I have
mentioned in Wednesday’s closing report that Nifty, Sensex to push higher. The
equity markets indices ended with minor loses, holding tight above the 30,000
and 9,300 marks. The trends of the major indices in the course of Wednesday’s
trading are given in the table below: The Total Investment & Insurance Solutions
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| Major Indices (The Total Investment & Insurance Solutions) |
Profit
booking after three-day gains pushed the key benchmark indices modestly lower
after scaling record highs in intraday trade. The S&P BSE Sensex fell
103.61 points or 0.34% to settle at 30,029.74. The Nifty 50 index fell 9.70
points or 0.10% to settle at 9,342.15. The Sensex ended a tad above the
psychologically important 30,000 mark after briefly sliding below that level in
late trade. Selling in index pivotals, ITC and HDFC weighed on indices as
domestic bourses remained in negative zone for most part of the day.
Kotak
Mahindra Bank rose 1.58% to Rs914.55 after net profit rose 40.34% to Rs976.48
crore on 9.85% rise in total income to Rs5434.65 crore in Q4 March 2017 over Q4
March 2016. Kotak Mahindra Bank's non-performing assets (NPAs) stood at
Rs3578.61 crore as on 31 March 2017 as against Rs3177.88 crore as on 30
December 2016 and Rs2838.11 crore as on 31 March 2016. The ratio of gross NPAs
to gross advances rose to 2.59% as on 31 March 2017 as against 2.42% as on 31
December 2016 and 2.36% as on 31 March 2016. The ratio of net NPAs to net
advances increased to 1.26% as on 31 March 2017 as against 1.07% as on 31
December 2016 and 1.06% as on 31 March 2016. The Total Investment & Insurance Solutions
Maruti
Suzuki India fell 0.56% to Rs6,371.15. The company's net profit rose 15.8% to
Rs1709 crore and net sales grew by 20.3% to Rs18005.20 crore in Q4 March 2017
over Q4 March 2016. Growth in volumes, increase in share of the company's
higher segment models, benefits due to full capacity utilization and cost
reduction efforts contributed to increase in profits. This was partially offset
by increase in commodity prices and adverse forex movement.
IT
major Infosys was up 1.08% at Rs923.95 after the company announced that it has
launched Infosys Nia-the next generation integrated artificial intelligence
platform. The announcement was made after market hours yesterday, 26 April
2017. The product was launched building on the success of the company's
first-generation AI platform, Infosys Mana, and its Robotic Process Automation
(RPA) solution, AssistEdge. Together, both these products have amassed 50 plus
clients and 150 plus engagements across all industry sectors, within a year of
operations.
The
top gainers and top losers of the major indices are given in the table below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
Overseas,
European stocks fell for the first session in nearly a week as investors
reacted to a mixed set of regional corporate earnings and prepared for what
could be a pivotal policy meeting from the European Central Bank later in the
session. Asian shares ended on a mixed note. The Bank of Japan (BoJ) raised its
economic forecasts at its policy meeting outcome today, 27 April 2017, but it
kept policy steady, as was widely expected. The BOJ raised its economic
assessment. It increased its real gross domestic product (GDP) forecast for the
2017-18 fiscal year to 1.6% from the 1.5% projected in January. But it lowered
its core consumer price index (CPI) growth forecast to 1.4% from 1.5% in the
same period.
In
US, stocks ended lower as investors analysed details of US President Donald
Trump's highly-anticipated tax reform plans. 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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