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17
April 2017
I have mentioned in Friday’s closing report
that Nifty, Sensex may remain under pressure. The major indices of the Indian
stock markets were range-bound and made minor loses over 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
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Major Indices (The Total
Investment & Insurance Solutions)
The
Indian Equity markets closed with marginal losses on Monday after a long
weekend as geopolitical tensions gave rise to risk aversion in global equities
and rise in inflation in the country, shown by the official data. The BSE
Sensex ended 47 points lower at 29,413.66 and the broader index Nifty closed
below 9150 at 9139.
Among
others, Asian Paints, NTPC, Lupin and ONGC were down 1-3% whereas Reliance
Industries was the leading contributor to Sensex' gains, up 2% followed by GAIL
(up 3.6%).
Shares
of Indiabulls Real EstateBSE rose about 49% to hit the highest level since
November 2010 after the company said it would either consider placing
Indiabulls Commercial Assets as a separate holding company for commercial and
leasing business segment, or reorganise existing businesses via demerger. The
stock eventually closed the day 40% higher at Rs148.
Dr
Reddy's Laboratories gained 0.72% after the company announced that the audit of
its API Srikakulam plant in Andhra Pradesh by the US Food and Drug
Administration (USFDA) was completed on Friday, 14 April 2017, with no
observations. The announcement was made on Friday, 14 April 2017. The Total Investment & Insurance Solutions
Government
data on Monday showed wholesale prices rose a lower-than-expected 5.70%
year-on-year in March, compared with a 0.45 fall a year ago, dragged down
mainly by easing fuel prices. Meanwhile, India's merchandise exports increased
at 65-month high pace of 27.6% to US$ 29.23 billion in March 2017 over a year
ago. Merchandise imports jumped 45.3% to US$ 39.67 billion. The trade deficit
more than doubled to US$ 10.44 billion in March 2017 from US$ 4.40 billion in
March 2016. The Total Investment & Insurance
Solutions
DCB
Bank fell 3.56% after net profit declined 23.98% to Rs 52.86 crore on 20.2%
increase in operating income to Rs 612.64 crore in Q4 March 2017 over Q4 March
2016. The result was announced on Friday, 14 April 2017. The bank's gross
non-performing assets (NPAs) stood at Rs 254.20 crore as on 31 March 2017 as
against Rs 227.93 crore as on 30 December 2016 and Rs 197.38 crore as on 31
March 2016. The Total Investment & Insurance
Solutions
TCS
to announce Q4 results tomorrow, 18 April /2017. Technology stocks continued to
be tepid after subdued earnings and guidance by Infosys and ahead of TCS
earnings. The top gainers and top losers of the major indices are given in the
table below:
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Top Gainer (The Total
Investment & Insurance Solutions)
Among
global cues, crude oil prices fell on Monday in quiet trading after the
three-day Easter break on signs the US is continuing to add output, undermining
OPEC efforts to support prices, and as the market digested North Korea's failed
missile launch on Sunday. China's economy grew 6.9% in the first quarter of
2017 from a year earlier, slightly faster than market expectations, as higher
government spending and a frenzied property market fuelled a construction
boom. The Total Investment & Insurance
Solutions
 |
Asian Indices (The Total
Investment & Insurance Solutions)
The
BSE market breadth was marginally was bullish with 1473 advances, 1425 decline
and 191 unchanged. Similarly, on NSE, there were 837 advances, 860 declines and
94 unchanged. The closing values of the major Asian indices are given in the
table below: The Total Investment & Insurance
Solutions
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