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16 January 2018
I had
mentioned in Monday’s closing report that Nifty, Sensex were on a strong
uptrend. The major indices of the Indian stock markets were range-bound on
Tuesday and closed with small losses over Monday’s close. On the NSE, there were
341 advances, 1,405 declines and 268 unchanged. 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)
Giving
up all the morning gains, the key Indian equity indices on Tuesday were trading
flat during afternoon session after touching record highs in the early morning
session. The BSE Sensex and the NSE Nifty opened higher post yesterday, a day
after the indices closed at record highs for the third straight session, as
better-than-expected growth in industrial output and a global equities rally
lifted sentiment, but gave up all the morning gains, as profit booking was
taking place in small pockets, pointed out market analysts. Buying was seen in
IT (information technology) sector, while selling pressure was seen in realty,
metal and energy sectors.
The Total Investment & Insurance Solutions
Reliance
Industries Chairman Mukesh Ambani said on Tuesday the Jio network will cover
100% of West Bengal's population by December 2018 and also committed over
Rs5,000 crore of investments in the state for non-Jio businesses in the next
three years. Addressing the Bengal Global Business Summit here, Ambani said the
company will be exploring opportunities for setting up an electronics
manufacturing facility in the state. "Our current Jio network covers 1,000
towns and nearly 39,000 villages in the state. Jio will reach 100% of West
Bengal's population by December 2018. Every last village will be covered by 4G
digital technology. We are embarking on an ambitious project of connecting
Bengal with optic fibre," he said. According to him, Jio will connect
every education institution and hospital and medical delivery facility in the
state in the next two years by December 2019. Reliance Industries shares closed
at Rs922.95, down 2.67% on the NSE.
The Total Investment & Insurance Solutions
Reliance
Nippon Life Asset Management Ltd on Tuesday said it closed the third quarter of
the current fiscal with a net profit of Rs130 crore and declared an interim
dividend of Rs5 per share. In a statement issued here the company that manages
the assets of Reliance Mutual Fund said it has posted a net profit of Rs130
crore for the quarter ended December 31, 2017 logging a year-on-year growth of
25%. The company's revenue for the period under review stood at Rs470 crore, a
year-on-year growth of 31%. The Board of Directors had announced an interim
dividend of Rs5 per share. The company’s shares closed at Rs313.90, down 3.79%
on the NSE.
Tata
Consultancy Services on Tuesday announced the launch of "HOBS"
(Hosted OSS/BSS) -- a new platform for digital enterprises on Microsoft Azure.
The Cloud ready TCS HOBS platform will enable customers get to market quicker
and benefit from a pay-as-you-use commercial model, the company said in a
statement. "By launching TCS HOBS on Microsoft Azure, communication
service providers (CSPs) and other similar subscription based businesses can
rapidly go live on TCS HOBS solution globally," said Kamal Bhadada,
President, Communication, Media and Information Services (CMI) Business Group
at TCS. The new platform leverages micro services, natural language processing,
Machine Learning and Big Data to drive automation, customer and employee
experiences. Globally, several service providers are already leveraging TCS
"HOBS" platform for their digital transformation. TCS HOBS is
offered as Business-Process-as-a-Service (BPaaS) as well as
Software-as-a-Service (SaaS) on Azure. TCS shares closed at Rs2,850.85, up
4.15% on the NSE.
Sugar
prices have fallen in the last one month and are expected to remain low for the
coming months. The price of sugar in the retail markets in major cities have
dipped Rs1-4 per kg in the last one month while the rates have slumped by up to
Rs9 in some cities in the north-eastern states, according to government data.
While industry sources claimed the retail prices would not to go beyond Rs40-42
per kg till the 2017-18 sugar season ends in September, the government said the
price trend of will be clear by February. Enforcement of a cap on the stock
limit for a longer period due to the Gujarat elections is said to be the major
reason for the situation, which, millers said, has become
"loss-making" for them. "The picture will be clear by February
how prices are going to move. However, prices this year should be at
comfortable and reasonable levels for consumers to procure from the
market," Subhasish Panda, Joint Secretary (Sugar) of the Department of
Public Distribution, told IANS. Uttam Sugar shares closed at Rs141.80, up 0.28%
on the NSE. KCP Sugar and Industries Corporation closed at Rs32.30, down 1.97%
on the NSE.
Automobile
major Tata Motors launched hatchback Tiago AMT in Bangladesh priced at Rs11.95
lakh (ex-showroom Dhaka). According to the company, the new Tiago AMT hatchback
car is powered by a "Revotron 1.2L petrol engine". "The Tiago
Easy Shift AMT comes equipped with four gear positions -- automatic, neutral,
reverse and manual -- for smooth and regular acceleration," it said. Tata
Motors shares closed at Rs421.90, down 2.42% 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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