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3
July 2017
I had
mentioned in Friday’s closing report that Nifty, Sensex might bounce back a
bit. The major indices of the Indian stock markets rallied on Monday and closed
with gains of close to 1% over Friday’s close. The trends of the major indices
in the course of Monday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
The
Indian equity markets traded with substantial gains during the mid-afternoon
session on Monday, following the launch of the country's biggest indirect tax
reform -- the Goods and Services Tax (GST) -- at the start of July 1. According
to market observers, investors' sentiments were also buoyed by positive global
cues and buying in FMCG (fast moving consumer goods), automobile and consumer
durables stocks. Equity benchmarks started off the week on a strong note. Asian
markets traded in the positive zone following positive US market closing. The
mid-cap and small-cap indices traded in the green with small-cap trading well
over 0.90% while mid-cap traded above 0.78%. Top gainers in the NSE were ITC,
Infratel, Hindalco and VEDL while top losers were NTPC, Wipro, HCL Tech and Sun
Pharma. Stocks of FMCG rose to hit a record high on Monday, with ITC, which is
the largest contributor to the index, witnessing the highest momentum. The Total Investment & Insurance Solutions
Commercial
vehicles maker Ashok Leyland on Monday said it closed June with 11 per cent
growth in sales volume. In a statement issued here, Ashok Leyland said it sold
12,330 units last month up from 11,108 units sold during June 2016. During the
first three months of this fiscal year, the company has sold 28,495 units down
from 31,165 units sold during the corresponding period of the previous year.
Ashok Leyland shares closed at Rs100.25, up 6.82% on the BSE.
The
All India Petroleum Dealers' Association has (AIPDA) called a nationwide petrol
pump strike on July 12, protesting against the oil marketing companies' failure
to install 100% automated system at the pumps and lack of transparency in the
daily dynamic pricing mode. The daily dynamic pricing mode has been started
from June 16. "Our national body AIPDA has called the nationwide strike on
July 12. Ahead of that, we won't purchase any oil on July 5 as a mark of
protest," West Bengal Petroleum Dealers' Association President Tushar Sen
said. He said after the introduction of the dynamic pricing system, petroleum
prices have been on a downslide. "But we are totally in the dark about the
process. Small dealers are facing crisis". In West Bengal and other
states, the automated system has been installed in only one percent of the
petrol pumps, Sen said. "The oil marketing companies were supposed to
install 100% automated system at the pumps. The Total Investment & Insurance Solutions
Two-
and three-wheeler maker TVS Motor Co on Monday said it closed the June sales
book with 11% volume growth. The company said in a statement that it sold
273,791 units in June, up from 247,364 in June 2016. During the period under
review, the company sold 268,638 two-wheelers and 5,173 three-wheelers as
against 240,236 two-wheelers and 7,128 three-wheelers sold during June last
year. During the first quarter of the current financial year, two-wheeler sales
grew by 12%, increasing from 7.01 lakh units in the first quarter of 2016 to
7.85 lakh units in the first quarter of 2017. Sales of three-wheelers remained
at the same level as that of the corresponding quarter of 2016 at 0.17 lakh
units. The Total Investment & Insurance
Solutions
Infosys
Ltd has appointed D. Sundaram as an independent director on its board, the
software major announced on Saturday. A fellow of the Institute of Cost and
Management Accountants, the Mr Sundaram was the Vice-Chairman of Hindustan
Unilever Ltd, which he joined in 1975. Infosys shares closed at Rs951.40, up
1.68% 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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