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16
November 2017
I had
mentioned in Wednesday’s closing report that Nifty, Sensex were on a downtrend.
The major indices of the Indian stock markets rallied on Thursday and closed
with gains of around 1% over Wednesday’s close.
The
trends of the major indices in the course of Thursday’s trading are given in
the table below: The
Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Snapping
a three-day losing streak, key Indian equity indices on Thursday traded in the
green, with the BSE Sensex surging almost 300 points during the mid-afternoon
session. According to market observers, buying in banking, automobile and IT
(information technology) stocks pushed the equity indices higher despite weak
Asian cues. On the NSE, there were 964 advances, 421 declines and 43 unchanged. The Total Investment & Insurance
Solutions
As
many as 23 companies on the BSE are likely to report their September quarter
results. Shares of non-banking financial companies were trading higher, pointed
out market analysts.
The
benchmark indices were trading higher even as Asian markets traded weak, after
Wall Street stumbled despite upbeat US economic news. The treasury yield curve
hit its flattest in a decade as investors priced in more US rate hikes, observed
global market analysts.
The Total Investment & Insurance Solutions
IT
major Infosys on Thursday announced plan to train its employees in self-driving
car engineering technology in partnership with online learning company Udacity.
The programme, known as Udacity Connect, a combined in-person and online
training offering, will give Infosys employees the skills needed as the company
continues to focus on autonomous technology across a range of industries,
including automotive, manufacturing and mining, the IT major said in a
statement. The 20-week curriculum will train Infosys employees on
engineering technologies for self-driving vehicles, including advanced courses
in deep learning and machine learning. "The goal of this programme
is to train 500 engineers by the end of 2018," Infosys said. Infosys
shares closed at Rs989.95, up 4.01% on the NSE. The Total Investment & Insurance
Solutions
India's
rural fast moving consumer goods (FMCG) market is expected to grow at a
compounded annual growth rate of 14.6% and reach $220 billion by 2025, a joint
study said here on Wednesday. This is because of rural population using
e-commerce and digital connectivity services due to high penetration of
smartphones, credit and debit cards, and online banking. In the light of this,
making their products available to customers sitting in far and wide corners of
the country waiting to be serviced was the next big challenge before large FMCG
companies, the study said. According to the study, jointly published by
MRRSIndia.com and Assocham, India's FMCG market is expected to reach $103.7
billion by 2020 from the current level of $49 billion, while the retail market
is likely to reach $1.1 trillion from the current $680 billion. "Retail
and FMCG markets in India are exponentially growing and are expected to grow at
20% and 21% respectively per annum." Hindustan Unilever shares closed at
Rs1,277.00, up 0.96% on the BSE.
The Total Investment & Insurance Solutions
Global
manufacturer Rolls-Royce plc tied up with Indian IT bellwether Tata Consultancy
Services (TCS) to accelerate its digital transformation for adding value to its
customers in diverse industry verticals. "As part of the tie-up, TCS will
provide digital platform capability and enable us to capture, share and analyse
data from our operations to develop new product and services for our global
customers," Rolls-Royce Chief Digital Officer Neil Crockett told reporters
here. TCS shares closed at Rs2,746.60, up 1.49% on the BSE.
Investments
made by India Inc abroad declined by 49.05% in October to $1.35 billion from
$2.65 billion in September 2017. According to data released by Reserve Bank of
India (RBI) in its "Summary of Outward Foreign Direct Investment (OFDI) -
October 2017" on November 13, the annual overseas investment in October
declined by 57.81% on a year-on-year basis. The overseas investment stood at
$3.20 billion in October 2016.
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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