Contact Your Financial Adviser Money Making MC
26
December 2017
I had
mentioned in Friday’s closing report that Nifty, Sensex have regained bullish
mode. The Indian stock markets were closed for trading on Monday on account of
Christmas. The major indices were range-bound on Tuesday and closed with gains
over Friday’s close. The trends of the major indices in the course of Tuesday’s
trading are given in the table below: The
Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
On
the NSE, there were 882 advances, 632 declines and 49 unchanged. It was notable
that the S & P BSE Sensex had an intra-day high in Tuesday’s trading, which
was above 34,000. The
Total Investment & Insurance Solutions
Shares
of Reliance Communications (RCOM) zoomed after Reliance Group's Chairman Anil
Ambani on Tuesday announced his plan to reduce the company's debt by Rs25,000
crore to Rs6,000 crore -- closing almost 30% higher at Rs21.33. Around 3.15
p.m., RCOM's stocks augmented by 36.05% to trade at Rs22.19 per share on the
BSE. At one point it had risen by over 41%. Addressing a press conference, Anil
Ambani said the company has achieved full resolution of RCOM's debt
restructuring. RCom had close to Rs45,000 crore debt on its books in October
2017, Ambani said. Ambani said that the company would close all the
transactions by January-March 2018. In a press conference, Ambani said the debt
would be recast by remonetisation with zero write-off to lenders and bankers.
The company’s shares closed at Rs21.33, up 30.78% on the BSE.
Parliamentary
proceedings including passage of key bills -- along with macro-economic data on
the fiscal deficit are expected to be keenly watched by market participants and
will have a bearing on the domestic equity indices this week, pointed out
market analysts. The winter session of the Indian parliament will reopen on
December 27. The domestic investors supported the markets last week after FPIs
(foreign portfolio investors) net sold stocks. Besides parliamentary
proceedings, macro-economic points like Index of Eight Core Industries' (ECI)
figures, along with the country's fiscal deficit numbers up to November and its
external debt data will be keenly watched by investors. The fiscal deficit
figures are due late next week; it could give clues on whether government will
resort to extra borrowings in the current financial year, observed market
analysts.
Budget
passenger carrier IndiGo said that it has become the first Indian airline to
operate "1,000 plus flights in a day". According to the airline, its
flight 6E 185 from Mumbai to Kochi operated on December 22, 2017 became the
1,000th flight. "IndiGo also took the delivery of its 31st Airbus
A-320 Neo aircraft on the same day to join its ever growing fleet making the
first Indian carrier with a 150 aircraft fleet," the company said in a
statement. "The milestone underlines IndiGo's position as the
country's largest and fastest-growing carrier with 150 Airbus and one ATR
aircraft connecting 46 destinations." The airline’s shares closed at
Rs1,200.90, up 1.75% on the BSE.
The Total Investment & Insurance Solutions
Software
major Infosys Ltd announced that it had competed the buyback of 11.3 crore
equity shares of Rs5 face value at Rs1,150 per share for Rs13,000 crore.
"The post buyback public announcement is being made in compliance with
Regulation 19 (7) of the Securities and Exchange Board of India (Sebi)
Regulations, 1998," said the IT major in a regulatory filing on the BSE.
The company's maiden buyback of 11,30,43,478 equity shares was made under the
tender offer route from November 30 and closed on December 14. Among the retail
investors, who sold shares more than 1% of the total, were Rohan Murthy, the
son of co-founder N.R Narayana Murthy, with 13,92,682 and Sudha Gopalakrishnan
, wife of another co-founder Kris Gopalakrishnan, at 15,00,000. She held the
largest share among the promoters, with 2.14% shareholding. The company’s
shares closed at Rs1,035.60, down 0.42% on the NSE.
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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