Contact Your Financial Adviser Money Making MC
15 September 2017
I had
mentioned in last week’s closing report that Nifty, Sensex were directionless.
The major indices of the Indian stock markets rallied on Monday and closed with
gains over Friday’s close. The trends of the major indices in the course of the
week’s trading are given in the table below: The Total Investment & Insurance Solutions
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Weekly Indices (The Total
Investment & Insurance Solutions)
Positive global cues, on the back of easing
geo-political tensions, coupled with buying in capital goods, banking and
automobile stocks, lifted key Indian equity indices -- the BSE Sensex and the
NSE Nifty50 -- during the mid-afternoon trade session on Monday. The Total Investment & Insurance
Solutions
Positive
global cues, on the back of easing geo-political tensions, coupled with buying
in capital goods, banking and automobile stocks, lifted key Indian equity
indices - the BSE Sensex and the NSE Nifty50 - during the mid-afternoon trade
session on Monday. Index heavyweights like Larsen and Toubro, Maruti Suzuki,
HDFC Bank, Hindustan Unilever and Coal India, among others, aided the indices
in their bull-run, said market observers.
The benchmark indices opened higher on Monday
tracking positive signals from Asian markets after North Korean dictator Kim
Jong Un decided to hold a party over the weekend rather than launch another
missile. The Indian rupee opened marginally lower against the US dollar. Shares
of gas distribution companies gained after the government renegotiated the
pricing of liquefied natural gas (LNG) imported from Australia's Gorgon project
to save more than Rs10,000 crore, which has shown positive impact on all the
listed oil and gas stocks, pointed out market analysts. The Total Investment & Insurance Solutions
The key Indian equity indices were trading
higher on Tuesday afternoon ahead of the macro-data scheduled later in the day.
Investors’ hope for healthy macro-economic numbers, along with positive global
cues on the back of easing geo-political tensions, lifted the key Indian equity
indices -- the BSE Sensex and the NSE Nifty50. The Total Investment & Insurance Solutions
According to a study, if India has to
maintain a sustained gross domestic product (GDP) growth of 9%-10% per annum,
it is crucial that the manufacturing sector grows steadily at 14%-15% per annum
over the next three decades. The joint report by ASSOCHAM-EY stated that while
the Goods and Services Tax (GST) has to a large extent addressed prevailing
regulatory issues, states across India must individually look into bureaucratic
obstacles along with other obstructive regulations and policies on priority,
based on their own manufacturing goals. "Manufacturing sector in each
Indian state and union territory (UT) has the potential to grow either directly
- by setting up new industries - or by creating ancillary facilities,
infrastructure and necessary forward-backward linkages to existing ones,"
the study said. The S&P BSE India Manufacturing Index closed at 442.84, up
1.37% on the BSE. The Total Investment
& Insurance Solutions
India's
annual retail inflation for August shot-up a full 1% to 3.36%, official data
showed on Tuesday. According to the data from Ministry of Statistics &
Programme Implementation, the August's consumer price index (CPI) inflation
rose to 3.36% from 2.36% in July. Rising inflation could lead to an increase in
interest rates through RBI (Reserve Bank of India) decision-making and the
market could turn a little bearish on this count.
The
BSE Sensex and the broader NSE Nifty were trading higher on the back of
positive Asian markets and slight improvement in industrial production as shown
by the IIP data which was released on Tuesday, pointed out market analysts. On
the NSE, there were 614 advances, 1,037 declines and 309 unchanged.
On
Wednesday, the BSE Sensex and the broader NSE Nifty were trading higher on the
back of positive Asian markets and slight improvement in industrial production
as shown by the IIP data which was released on Tuesday, pointed out market
analysts. Bharti Airtel and Korea's telecommunications company SK Telecom on
Wednesday announced a strategic partnership to build advanced telecom network
in India. The partnership will work across several areas, including developing
software to dramatically improve network experience, leveraging advanced
digital tools including machine learning, big data and building customized
tools, to improve network planning based on every customer's device experience,
a company statement said here. Bharti Airtel shares closed at Rs401.00, down
0.96% on the BSE.
The
market traded on a flat note with marginal gains during the mid-afternoon
session on Thursday, with buying in healthcare and banking stocks. However,
profit booking in metal and oil and gas stocks capped gains.
A
jump in food prices pushed up India's wholesale price-indexed (WPI) inflation
in August at 3.24% to nearly double that of July, official data showed on
Thursday. According to data released by the Commerce Ministry, the annual rate
of WPI inflation in July was at 1.88%, while it was at 1.09% during August
2016. "The annual rate of inflation, based on monthly WPI, stood at 3.24%
(provisional) for the month of August, 2017 (over August, 2016) as compared to
1.88% (provisional) for the previous month and 1.09% during the corresponding
month of the previous year," the Ministry said in the "Index Numbers
of Wholesale Price in India" for August. "Build up inflation rate in
the financial year so far was 1.41% compared to a build-up rate of 3.25% in the
corresponding period of the previous year." Wholesale prices had
accelerated in July to 1.88% from June's rise of 0.90% and an increase of 2.26%
reported for May. On a segment-wise basis, expenses on primary articles, which
constitute 22.62% of the WPI's total weightage, edged higher by 2.66% from an
increase of 0.46% in July 2017. However, the rise in WPI prices for primary
articles during the month under review was slower on a year-on-year (YoY)
basis, as it had risen by 4.78% in August 2016. The increase in inflation could
harden interest rates and give a bearish trend to the Indian stock markets.
On
Friday, the S&P BSE Sensex rose 0.1% 32272 for the session, while ending
the week 1.76% higher — its best performance since July. The NSE Nifty 50 Index
was unchanged at 10085. It was another day of consolidation for the market as
equity benchmarks ended flat amid rising geopolitical tensions after North
Korea launched another missile that flew over Japan. Nifty gained 1.52% for the
week. The dollar extended losses and US equity futures fell after an unexpected
decline in August retail sales raised concern over the economy’s strength.
Investors largely shrugged off the latest rise in tensions on the Korean
peninsula, with haven assets from the yen to gold declining. The dollar pared
its biggest weekly gain since April, adding to losses sparked by the Bank of
England’s hawkish shift that bolstered the pound. US equity futures indicated
the S&P 500 Index will trim its best week in two months. The Total Investment & Insurance Solutions
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