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8
June 2017
I had
mentioned in Wednesday’s closing report that Nifty, Sensex volumes have dried
up, as the market was headed higher. The major indices of the Indian stock
markets were range-bound on Thursday and closed with small losses over
Wednesday’s close. The trends of the major indices in were as follows: The Total Investment & Insurance
Solutions
 |
| Major Indices (The Total Investment & Insurance Solutions) |
Weak
global cues and selling pressure in oil and gas, IT (information technology)
and consumer durables stocks pulled the Indian equity markets lower to trade on
a flat-to-negative note during the mid-afternoon session on Thursday. According
to market observers, investors were cautious ahead of election in Britain and
European Central Bank's policy review (due later during the day). On the NSE,
there were 711 advances, 710 declines and 50 unchanged.
IT
stocks continued to trade weak with the sector trading with loss of more than
1%. Consumer durables, capital goods and FMCG (fast moving consumer goods)
sectors were trading in negative, whereas healthcare and metal sectors were
trading in the green, up by more than 1%. Dr Reddy's Lab, Sun Pharma and HDFC
were the top gainers on the BSE, while Gail, Tata Consultancy Services (TCS)
and Hero MotoCorp were the top losers.
The
farmers’ agitation entered its eighth day on Thursday in Madhya Pradesh. The
peasants have been on strike since June 1, demanding loan waiver and fair price
for their produce.
State-run
Airports Authority of India (AAI) reported an increase of 22.78% in its net
profit for 2016-17. According to AAI, its net profit during the fiscal year
under review rose to Rs3,115 crore from Rs2,537 crore reported for 2015-16.
"AAI recorded all time high total income of Rs12,542 crore (previous year
Rs10,824 crore), and operational income of Rs8,024 crore (previous year Rs6,876
crore) in FY 2017," it said in a statement. AAI declared a dividend of
Rs934 crore payable to the central government. It had paid an interim dividend
of Rs560 crore on February 22, 2017. The S & P BSE PSU closed at 8,551.45,
down 0.60% on the BSE.
GMR
Airports said that it has been selected to develop, operate and manage the new
international airport of Kastelli on Crete Island, Greece. The company is a
subsidiary of GMR Infrastructure. According to the firm, it has bagged the
project in partnership with Greek infrastructure major TERNA S.A.
"GMR Airports will be the designated airport operator in the
consortium for this project," the company said in a statement. The company
added that the concession period for the greenfield project will be 35 years,
including phase one construction of five years. GMR Infrastructure shares
closed at Rs16.55, down 0.90% 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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