Contact Your Financial Adviser Money Making MC
20
June 2017
I had mentioned in Monday’s closing report
that Nifty, Sensex were headed higher. The major indices of the Indian
stock markets were range-bound on Tuesday and closed with marginal losses over
Monday’s close. 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)
Prolonged outflow of foreign funds and
selling pressure on banking and FMCG stocks wiped off the morning gains and led
the Indian equity markets to close on a flat-to-negative note on Tuesday.
However, positive European markets and healthy buying in consumer durables, IT,
and oil and gas stocks limited the downslide. The wider Nifty of the National
Stock Exchange (NSE) inched lower by 4.05 points, or 0.04%, to close at
9,653.50 points. The 30-scrip Sensex of the BSE, which opened at 31,392.53
points, closed at 31,297.53 points, down 14.04 points, or 0.04%, from its
previous close at 31,311.57 points. The Sensex touched a high of 31,392.53 and
a low of 31,261.49 points during intra-day trade. The BSE market breadth was
bearish with 1,428 declines and 1,229 advances. In terms of the broader
markets, the BSE mid-cap and small-cap indices outperformed the Sensex. The
S&P BSE mid-cap index was up 0.19% and the small-cap index by 0.19%. The Total Investment & Insurance
Solutions
Major Asian markets ended on a mixed
note. European indices like FTSE 100, CAC 40 and DAX traded higher. On the
currency front, the rupee weakened by seven paise to Rs64.50 to a US dollar
from its previous close of 64.43. In investments, provisional data with the
exchanges showed that foreign institutional investors (FIIs) sold stocks worth
Rs312.84 crore, while domestic institutional investors (DIIs) bought scrips
worth Rs477.13 crore. The Total
Investment & Insurance Solutions
Tata Motors was the top gainer on the
Sensex as its parent was said to be considering an initial public offering in
luxury car-maker unit Jaguar Land Rover. Shares of Lupin fell by 1.9% after
Credit Suisse said the price erosion risk faced by the company is highest as
75% of USA profit is from low-competition products. Shares of the logistics
companies rallied anywhere between 2% and 9% as the country geared up for the
launch of unified tax regime, GST. European stocks rose, heading for their best
three-day rise since April, boosted by gains in media shares and optimism about
the US economy.
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) |
No comments:
Post a Comment