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12
February 2018
I had
mentioned in Friday’s closing report that Nifty, Sensex might rally next week.
The major indices of the Indian stock markets rallied on Monday and
closed with gains over Friday’s close. On the NSE, there were 1,252 advances,
296 declines and 26 unchanged. The trends of the major indices in the course of
Monday’s trading are given in the table below: The Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
BSE
Sensex and Nifty opened on a positive note after Asian Indices opened in green.
Broadly positive Asian indices, coupled with buying in capital goods, auto,
healthcare and metal stocks pushed the key Indian equity indices higher.
Sales
of domestic passenger cars inched down in January, industry data showed on
Monday. As per the data from the Society of Indian Automobile Manufacturers
(SIAM), 184,264 passenger cars were sold in January, down from 186,596 in the
corresponding month of 2017. However, the off-take of other sub-segments of
passenger vehicle category such as utility vehicles edged higher by 37.88%
during the month to 85,850 units. On the other hand, sales of vans declined by
7.06% to 15,363 units. Consequently, the overall domestic passenger vehicle
sales inched up by 7.57% in January to 285,477 units from 265,389 units sold
during the corresponding period in 2017. S & P BSE Auto closed at 25,310.79,
up 1.06% on the BSE. The Total Investment & Insurance
Solutions
Telecom
services provider Bharti Airtel on Monday said it has tied up with streaming
platform Hotstar to bring digital content to its customers. "This will
further expand Airtel TV app's wide range of offerings and expand the footprint
for Hotstar's content across Airtel's large mobile customer base," the
telecom service provider said in a statement. According to the company, all
content on Airtel TV app will be free for its prepaid and post-paid customers
on a promotional basis till June 2018. Sameer Batra, CEO-Wynk, Airtel said that
Hotstar's "rich content library will add immense value to our content play
and add to the user experience." The statement added that the
Hotstar catalogue available to Airtel TV users will include shows from channels
across multiple genres, popular movies and shows in Hindi and regional
languages, along with access to sports content and live matches. Bharti Airtel
shares closed at Rs424.40, up 0.21% on the NSE. The
Total Investment & Insurance Solutions
India's
finished steel production during April to January period of the current
financial year (2017-18) rose by 5.3% to 88.592 million tonnes (mt) while
country's consumption grew by 5.4% to 72.497 mt in the same period, a Steel
Ministry report said. During the ten months period of 2017-18, India's finished
steel export was up by 40.2% to 8.222 mt over same period of 2016-17 and
imports in the period stood at 6.432 mt, by 5.5% over corresponding period of
previous fiscal. "Production for sale of total finished steel at 88.592
mt, registered a growth of 5.3% during April-January 2017-18 over same period
of last year...... India's consumption of total finished steel saw a growth of
5.4 per cent in April-January 2017-18 (to 72.497 mt) over same period of last
year, under the influence of rising production for sale and imports," said
the report of the ministry's Joint Plant Committee's (JPC). Steel Authority of
India (SAIL), Rashtriya Ispat Nigam Ltd (RINL), Tata Steel Ltd (TSL), Essar,
JSW Ltd and Jindal Steel (JSWL) and Power Ltd (JSPL) together produced 51.717
mt of finished steel for sale during the first ten months of the current
fiscal, which was a growth of nine per cent over same period of last year. SAIL
shares closed at Rs95.35, up 1.97% on the NSE. Tata Steel shares closed at
Rs712.50, up 4.22% on the BSE.
The
volatility of global stock markets, along with macro-economic data points, are
expected to influence the Indian equity market next week, opined analysts.
Market observers pointed out that the ongoing quarterly results season and
crude oil price fluctuations, combined with the direction of foreign fund flows
and the rupee's movement against the US dollar, will also impact investors'
risk-taking appetite. The markets during this week will focus on earnings,
macro-data and, of course, global cues, market analysts forecasted.
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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