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9
May 2017
I had
mentioned in Monday’s closing report that Nifty, Sensex continued to be
directionless. The major indices of the Indian stock markets were narrowly
range-bound on Tuesday and ended flat. On the NSE, there were 826 advances, 659
declines and 86 unchanged. The BSE market breadth was bullish, with 1,477
advances and 1,355 declines. The trends of the major indices in the course of
Tuesday’s trading are given in the table below: The Total Investment & Insurance Solutions
 |
| Major Indices (The Total Investment & Insurance Solutions) |
Both
the key indices failed to hold opening gains on Tuesday tracking the
depreciation of the rupee against the US dollar. IT (information technology)
sector stocks extended previous session's gains, along with aviation sector
stocks, on buying support. Firmer USD/INR futures may pressurise the market
sentiments, pointed out market analysts. The Godrej Consumer Products on
Tuesday said its consolidated net profit for the fourth quarter (Q4) ended
March 31, 2017 shot up by 212.33% to Rs389.91 crore. According to the company,
its net profit for the period stood at Rs389.91 crore from Rs124.84 crore
reported during the corresponding period of last financial year.
The total
income from operations of the company stood 12.78% up at Rs2,489.49 crore
during the quarter under review from Rs2,207.37 crore reported during the same
period of FY 2015-16. On a standalone basis, the company's Q4 net profit was up
by 20.80% to Rs253.09 crore, from Rs209.51 crore during the quarter ended March
31, 2016. The total income from operations of the company stood at Rs1,354.62
crore -- up 10.32% -- from Rs1,227.91 crore reported during Q4 of the last
fiscal year. The company’s shares closed at Rs1,929.95, up 9.74% on the BSE. The Total Investment & Insurance Solutions
State-run
Vijaya Bank on Tuesday reported a net profit of Rs204 crore for the fourth
quarter of the financial year 2016-17, registering a whopping 187% year-on-year
(YoY) jump from Rs 71 crore in the like period a year ago. In a regulatory
filing in the BSE, the city-based bank said net profit for the fiscal 2016-17
shot up 97% YoY to Rs751 crore from Rs382 crore in the previous fiscal year
2015-16. Operating profit for the quarter under review (Q4) also zoomed 129%
YoY to Rs703 crore from Rs314 crore in the same period a year ago and 56% YoY
for the fiscal 2017 to Rs2,421 crore from Rs1,549 crore, said the filing. Total
income for Q4, however, increased 8.6% YoY to Rs3,505 crore from Rs3,229 crore
in the corresponding period a year ago and 8.3% YoY for the fiscal 2017 to
Rs14,031 crore from Rs12,957 crore in FY 2016. "Interest earned for Q4
grew 3.4% YoY to Rs3,055 crore from Rs2,956 crore in the same period a year ago
and 2.4% YoY for the fiscal 2017 to Rs12,380 crore from Rs12,084 crore in FY
2016," it said. Vijaya Bank shares closed at Rs92.25, up 4.36% on the BSE.
Domestic
passenger cars' sales rose by 17.36% in April, industry data showed on Tuesday.
As per the data furnished by the Society of Indian Automobile Manufacturers
(SIAM), sales of passenger cars surged to 190,788 units from 162,566 sold in
April 2016. The off-take of other sub-segments such as utility vehicles rose by
13.71% during the month under review to 70,691 units from 62,170 units in April
2016. However, sales of vans declined by 6.93% to 16,123 units. The industry data
revealed that domestic passenger vehicles' sales rose by 14.68% in April to
277,602 units from 242,060 units sold during the corresponding period of 2016.
Japanese-Indian automobile joint venture Toyota Kirloskar Motor is focusing its
efforts on reducing the waiting period for its two mega revamped models-sports
utility vehicle (SUV) Fortuner and multi-purpose vehicle (MPV) Innova Crysta,
said a senior company official.
Industrial
technology major ABB India on Monday reported an increase of 3.18% in its net
profit for the first quarter (Q1) of 2017 from Rs85.45 crore to Rs88.17 crore.
Besides, the firm's total income edged-up by 9.29% during the quarter under
review to Rs2,337.36 crore from Rs2,138.53 crore earned during Q1 of last year.
ABB India disclosed a significant y-o-y (Year-on-Year) increase in its orders
book during the period under review, driven by government initiatives and
investments. The company revealed that it has received orders worth Rs2,342
crore during the first quarter and had an order backlog of Rs12,023 crore, as
on March 31, 2017. "We have continued to grow in a market of select
sectoral growth with a keen focus on cash and cost with a view to deliver
value-additions to our customers," said Sanjeev Sharma, CEO and Managing
Director, ABB India. "The traction in transportation and
infrastructure has led to us to deliver multiple projects of national
importance." ABB India shares closed at Rs1,537.80, up 9.71% on the BSE. 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)
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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