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19 July 2017
The
major indices of the Indian stock markets rallied on Wednesday and closed with
gains over Tuesday’s close. The trends of the major indices in the course
of Wednesday’s trading are given in the table below: The Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
A day after a steep fall, Indian equity
markets recovered and traded with appreciable gains in the mid-afternoon
session on Wednesday on the back of positive Asian markets and buying in
healthcare, metal and banking stocks. On the NSE, there were 1,114 advances,
516 declines and 330 unchanged. The
Total Investment & Insurance Solutions
Equity benchmarks continued to trade higher
in the morning, with the Sensex rising over 100 points, backed by ITC, Reliance
Industries and HDFC Bank. Top gainers in the NSE were Aurobindo Pharma,
Hindalco and Zee, while top losers were UltraTech Cement, ACC and Infosys. The Total Investment & Insurance
Solutions
Reliance Home Finance Ltd on Wednesday said
it closed the first quarter of the current fiscal with a 58% increase in its
total income. In a statement issued here, the company said it closed the first
quarter with a total income of Rs374 crore logging a year-on-year (YoY) growth
of 58%. Reliance Home Finance is a subsidiary of Reliance Capital Ltd. According
to Reliance Home Finance, the before tax profit for the period under review
were Rs45 crore, a 50% YoY growth. The disbursements were Rs2,655 crore during
the period under review and the assets under management as on June 30, 2017
stood at Rs13,022 crore. The gross non-performing assets ratio was at 0.8% as
on June 30, 2017. Reliance Home Finance said it is on track to be independently
listed on stock exchanges within the next few months. As part of the listing
proposal, nearly one million shareholders of Reliance Capital will be allotted
one Share free of cost in Reliance Home Finance for every one share held in
Reliance Capital. Reliance Capital will hold a 51% stake in Reliance Home
Finance, and the company will be adequately capitalised to grow the lending
book multi-fold in the next 18 months. Reliance Capital shares closed at
Rs658.50, down 1.57% on the BSE. The
Total Investment & Insurance Solutions
India
witnessed 22.5% growth in foreign tourist arrival (FTA) in June 2017 over June
2016, an official statement said. "The number of FTAs in June 2017 was
6.70 lakh as compared to FTAs of 5.47 lakh in June 2016 and 5.12 lakh in June
2015.”The growth rate in FTAs in June, 2017 over June, 2016 is 22.5% compared
to 6.8% in June, 2016 over June, 2015," said the Tourism Ministry
statement. The Tourism Ministry compiles monthly estimates of FTAs and FTAs on
e-tourist visa on the basis of nationality-wise and port-wise data received
from Bureau of Immigration. This is a sign of political stability and overall
prosperity in the Indian economy. The S & P BSE Infrastructure Index closed
at 222.94, up 0.76% on the BSE.
Aditya
Birla group company UltraTech Cement reported a rise of 15% in its consolidated
net profit for the April-June quarter of 2017-18. According to the company, its
net profit rose to Rs897 crore from Rs780 crore reported for the corresponding
quarter of last fiscal. Besides, the company's consolidated net sales rose to
Rs6,938 crore for the quarter under review as compared to Rs6,535 crore earned
during the corresponding period of the previous year. "This quarter also
witnessed increasing cost trends, primarily attributable to energy and
logistics cost on account of increase in fuel prices," UltraTech Cement
said in a statement. "The company completed the acquisition of the cement
plants of Jaiprakash Associates and Jaypee Cement Corporation...with a capacity
of 21.2 million tons. With this acquisition the cement capacity of the company
stands at 93 mtpa." The company’s shares closed at Rs4,206.95, down 2.51%
on the BSE.
Passenger
car manufacturer Honda Cars India (HCIL) on Tuesday introduced the 2017
'Privilege Edition' of its sedan Honda Amaze. "The Privilege Edition will
be available at Rs648,888 for petrol and Rs773,631 for diesel (ex-showroom New
Delhi)," the company said in a statement. "The Privilege Edition
comes enriched with advanced infotainment system, enhanced exterior and safety
features." The S & P BSE Auto Index closed at 24,493.34, up 0.59% on
the BSE.
BSE
said it will increase surveillance on the stocks of 28 companies with effect
from Thursday. According to the BSE, securities of companies such as ABC
Bearings, Lotus Eye Care Hospital, Orient Beverages, Sahara One Media and
Entertainment and Shriram Asset Management Co among others will be shifted to
group "T/XT". As per the nomenclature, the "T" Group
represents securities which are settled on a trade-to-trade basis as a
surveillance measure. At the time of review, any securities falling in
trade-for-trade segment ('DT' or 'T' groups) are classified under "XT"
sub-segment. Further, the BSE said the securities which will continue to remain
in "T/XT/ST/P/Z/ZP" group would attract a circuit filter of 5%, or
lower, as applicable. The filter mechanism is used to curb excessive volatility
in markets by fixing maximum fluctuation in stock price. The BSE said the
criteria for shifting securities to and from settlement on trade to trade basis
was decided in consultation with Sebi and applied uniformly across the stock
exchanges and reviewed periodically. Increased regulation is likely to favour
long term bullish investors the most in the stock markets.
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
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| Asian Indices (The Total Investment & Insurance Solutions |
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