Contact Your Financial Adviser Money Making MC
3
May 2017
I had
mentioned in Tuesday’s closing report that Nifty, Sensex were directionless.
The major indices of the Indian stock exchanges were range-bound on Wednesday
and closed with marginal losses over Tuesday’s close. 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)
Negative
global cues and heavy selling pressure in healthcare, oil and gas, and banking
stocks led the Indian equity markets to close on flat-to-negative note on
Wednesday. Market observers said investors were cautious ahead of the outcome
of the two-day US Federal Open Market Committee (FOMC) meet, due later in the
evening. The BSE market breadth favoured a bearish mood -- with 1,488 declines
and 1,357 advances. On the NSE, there were 679 advances, 849 declines and 67
unchanged on Wednesday.
The country's two bourses National Stock
Exchange (NSE) and Bombay Stock Exchange (BSE) have given their consent for the
independent listing of Reliance Home Finance, Reliance Capital Ltd, part of
Anil Ambani-led Reliance Group, said on Wednesday. In a statement here,
Reliance Capital said it has received the requisite "No-Objection"
from both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to the
scheme filed, facilitating the independent listing of Reliance Home Finance on
the bourses. "The company is proceeding with filing the scheme of demerger
with the National Company Law Tribunal for approval, and Reliance Home Finance
is on track to be independently listed on stock exchanges during the next few
months," the statement said. As part of the listing proposal, nearly one
million shareholders of Reliance Capital will be allotted one share free of
cost in Reliance Home Finance for every one share held in Reliance Capital.
Reliance Home Finance has already announced strong financial results for the
year ended March 31, 2017. The Total Investment & Insurance Solutions
Net profit of Shriram City Union Finance
declined 73.33% to Rs16.31 crore in the quarter ended March 2017 as against Rs
61.16 crore during the previous quarter ended March 2016. Sales rose 15.16% to
Rs 1177.96 crore in the quarter ended March 2017 as against Rs 1022.90 crore
during the previous quarter ended March 2016. For the full year, net profit
rose 4.71% to Rs 578.08 crore in the year ended March 2017 as against Rs 552.07
crore during the previous year ended March 2016. Sales rose 17.64% to Rs4703.59
crore in the year ended March 2017 as against Rs 3998.19 crore during the
previous year ended March 2016. The company’s shares closed at Rs2,138.25, down
2.02% on the BSE. The Total
Investment & Insurance Solutions
Net profit of JM Financial rose 32.63% to Rs
150.85 crore in the quarter ended March 2017 as against Rs 113.74 crore during
the previous quarter ended March 2016. Sales rose 58.98% to Rs 670.94 crore in
the quarter ended March 2017 as against Rs 422.03 crore during the previous
quarter ended March 2016. For the full year, net profit rose 17.41% to Rs
470.20 crore in the year ended March 2017 as against Rs 400.46 crore during the
previous year ended March 2016. Sales rose 43.98% to Rs 2152.24 crore in the
year ended March 2017 as against Rs 1494.84 crore during the previous year
ended March 2016. The company’s shares closed at Rs120.65, up 2.86% on the BSE. The Total Investment & Insurance
Solutions
Real
estate company Godrej Properties informed bourses that it has sold over 1,000
apartments across three new project launches - Godrej Origins at The Trees in
Mumbai, The Suites at Godrej Golf Links in Greater Noida and Godrej 24 at
Hinjawadi, Pune since March 2017. The company’s shares closed at Rs544.20, up
7.74% on the BSE.
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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