Contact Your Financial Adviser Money Making MC
22
January 2018
I had
mentioned in Friday’s closing report that Nifty, Sensex were on a roll. The
major indices of the Indian stock markets rallied on Monday and closed with
gains over Friday’s close. On the NSE, there were 950 advances, 772 declines
and 259 unchanged. The trends of the major indices during the course of trading
are given in the table below: The Total
Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Broadly
positive global cues, coupled with buying in energy, consumer durables and
capital goods stocks, pushed key Indian equity indices to trade at fresh highs
during the mid-afternoon trade session on Monday. According to market
observers, upbeat quarterly corporate earnings along with continuous inflow of
foreign funds lifted investors' risk-taking appetite. Both benchmarks, Nifty
and Sensex, climbed to fresh record highs in early trade on the hopes of
government meeting the fiscal deficit target as it announced generating Rs370
billion through stake sale in petroleum refinery. The Total Investment & Insurance Solutions
Budget
passenger carrier SpiceJet on Monday said it has launched its "Great
Republic Day Sale" with one-way fares starting as low as Rs769 and Rs2,469
for travel to select destinations on its domestic and international network
respectively. According to the airline, the four-day sale launched on Monday
would be open till January 25 while the travel period covered would be till
December 12. Spice Jet shares closed at Rs121.70, down 0.04% on the BSE.
Infosys
on Monday announced a strategic partnership with Hong Kong-based AS Watson
Group (ASW), an international health and beauty retailer, to accelerate ASWs
digital transformation initiatives. AS Watson Group has over 13,700 stores in
24 markets. Infosys shares closed at Rs1,150.00, up 0.41% on the NSE.
Companies
like Asian Paints, Axis Bank, Biocon, Idea Cellular, Interglobe Aviation,
Larsen & Toubro, Pfizer, Dr Reddy’s Laboratories, Jindal Steel & Power
and Maruti Suzuki India are expected to announce their quarterly results during
the week which may induce market volatility.
Exploration
major ONGC on Sunday said that "all options" including internal
accrual of resources and short term borrowing were available to fund its
acquisition of HPCL. "We have various options available with us to fund
this transaction," Sudhir Vasudeva, Chairman and Managing Director of
ONGC, told a press briefing here. "There is an option of internal
accruals... of short-term borrowing and liquid assets... We will exercise the most
beneficial option available with us." On Saturday, ONGC announced the
acquisition of the Central government's entire 51% stake in HPCL for over
Rs36,900 crore. ONGC’s shares closed at Rs200.70, up 3.74% on the NSE, while
Hindustan Petroleum shares closed at Rs401.80, down 3.32% 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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