Contact Your Financial Adviser Money Making MC
20
April 2017
I have
mentioned in Wednesday’s closing report that Nifty, Sensex may rally. The major
indices of the Indian stock market ended with gains, with Nifty breaking the
five day streak. The trends of the major indices in the course of Thursday’s
trading are given in the table below: The Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Indian
Equity markets settled with modest gains after gyrating in a small range in the
positive terrain throughout the day as largely positive global cues supported
gains. The S&P BSE Sensex, rose 85.82 points or 0.29% to settle at
29,422.39. The Nifty 50 index rose 32.90 points or 0.36% to settle at 9,136.40.
The Sensex gained for the second day in a row while Nifty snapped a five-day
losing streak today. The Sensex hit its highest closing level in one-week.
Realty,
IT, bank, capital goods and FMCG stocks hogged limelight in today's trade. HDFC
was the leading contributor to Sensex' gains, up nearly 2% followed by Infosys,
TCS, Asian Paints, Maruti and Lupin. Adani Ports retained its uptrend, rising
1.8%.
ICICI
Bank and Axis Bank shares prices fell 2-3% after bad asset quality performance
reported by Yes Bank. HDFC Bank gained 1% ahead of its earnings on Friday. The
country's second largest private sector lender is expected to report profit
growth below 20% for the second consecutive quarter in Q4FY17.
IndusInd
Bank gained 0.3% as majority of brokerage houses retained their bullish stance
on IndusInd Bank, citing strong performance excluding one-off provisions in the
quarter ended March 2017. Shalimar Paints ended the day with over 5% gains
after investor Porinju Veliyath of Equity Intelligence bought some shares. The Total Investment & Insurance Solutions
Yes
Bank dropped 3.76% as the bank's bad loans rose in Q4. Yes Bank's net profit
rose 30.2% to Rs 914.10 crore on 29.44% rise in total income to Rs 5606.38
crore in Q4 March 2017 over Q4 March 2016. The bank announced Q4 results after
market hours yesterday, 19 April 2017. The bank's gross non-performing assets
(NPAs) rose to Rs 2018.56 crore as on 31 March 2017 as against Rs 1005.85 crore
as on 30 December 2016 and Rs 748.98 crore as on 31 March 2016.
National
Aluminium Company (Nalco) rose 0.74% to Rs 68.25 as the government's two-day
offer for sale for offloading a total of 10% stake in the company began
yesterday, 19 April 2017. The Government of India held 74.58% stake in Nalco as
per the shareholding pattern as on 31 March 2017. The floor price for the offer
for sale (OFS) was fixed at Rs 67 per share. Retail investors will be allocated
offer shares at a discount of 5% to the cut off price.
Domestic
bourses made a positive start to the session on higher Asian stocks. After
trading with small gains in early trade, key indices steadily added on to the
gains and hit fresh high in early afternoon trade. Indices hovered within a
narrow range in positive terrain later during the session amid firm European
cues. 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) |
Overseas,
most European stocks rose as strong results from Unilever lifted bluechip
consumers staples stocks and helped offset weakness in the energy sector.
Construction of buildings and infrastructure across the eurozone rose at the
fastest pace in almost five years during February, reflecting a period of
unusually mild weather and indicating that businesses and households may be
more willing to invest after years of caution. Back home, the market breadth
was positive today; On BSE there were 1845 advances, 1029 decline and 161
unchanged. On NSE, there were 1126 advances, 536 declines and 75 unchanged. 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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