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13
June 2017
I had
mentioned in Monday’s closing report that if Nifty were to close below 9,600,
the index might give up more gains. The major indices of the Indian stock
markets were range-bound on Tuesday and closed with miniscule gains 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) |
Shrugging
off the previous day's losses, the Indian equity markets on Tuesday traded in
the green on the back of firm global cues, broadly positive domestic
macro-economic data and healthy buying in capital goods, banking and consumer
durables stocks. According to the data released by the Central Statistics
Office (CSO) after-market hours on Monday, India's annual retail inflation
(Consumer Price Index) eased to a record low of 2.18% in May 2017, and the
factory output growth (Index of Industrial Production) marginally slowed to
3.1% in April 2017. This, according to market analysts, provided a boost to the
key equity indices. On the NSE, there were 698 advances, 700 declines and 47
unchanged. The Total Investment & Insurance
Solutions
The
equity benchmarks, which opened on a flat note, gained on the back of positive
Asian markets. Retail inflation data came lower than expected and is positive
for the market. Mid-cap and small-cap -- both the indices traded up, observed
market analysts.
Drug
major Sun Pharmaceutical Industries on Tuesday announced that one of its wholly
owned subsidiaries has received final approval from the US Food and Drug
Administration (USFDA) for its generic version of ezetimibe tablets. According
to Sun Pharma, the generic ezetimibe tablets -- used to reduce higher levels of
cholesterol -- are therapeutic equivalents of Merck's Zetia tablets. "As
per IMS, ezetimibe tablets had annual sales of approximately $2.7 billion in
the US for the 12 months (which) ended April 2017," the drug major said in
a regulatory filing to the BSE. The company’s shares closed at Rs536.45, up
0.62% on the BSE.
Lending
major State Bank of India (SBI) on Monday said that its paid-up capital has
increased to Rs863.20 crore after its recent share placement through QIP.
"Pursuant to the allotment of equity shares in the issue, the paid-up
equity share capital of the bank stands increased from Rs810,98,57,182 to
Rs863,20,50,393 comprising 863,20,50,363 equity shares of face value of Re1
each," the company informed the BSE in a regulatory filing. Last week, the
lending major had allotted more than 52 crore shares of face value of Re1 each
at a price of Rs287.25 per equity share aggregating to Rs14,999 crore to 61
"successful eligible investors". SBI shares closed at Rs283.80, down
0.44% on the BSE. The Total Investment & Insurance
Solutions
With
the uncertainty across industries and cities, the job market continues to be
volatile, according to the Naukri Job Speak index released on Monday. The index
for May at 1904 was 4% down from year-ago month, indicating a fall in the
overall new job creation scenario. The IT-software industry was hit the most
during the last month with a 17% decline in hiring as compared to corresponding
month last year. Key industries like telecom and BPO/ITES saw a 7% and 10% fall
respectively, while banking saw an 8% increase in hiring during May 2017.
"The job market continues to be volatile and there is an air of caution
and uncertainty across industries and cities. The Jobspeak index for May has
shown negative growth of 4% year-on-year. This trend may continue for few more
months before the job market starts moving north again," said Naukri.com's
Chief Sales Officer V. Suresh. According to data, 12 out of the 13 key cities
tracked saw a decrease in hiring activity in May. The S & P BSE Information
Technology Index closed at 10,040.68, down 1.00% on the BSE.
The
top gainers and top losers of the major indices are given in the table below: The Total Investment & Insurance Solutions
 |
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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