Contact Your Financial Adviser Money Making MC
23
April 2018
The
major indices of the Indian stock markets were range-bound on Monday and closed
with small gains over Friday’s close. On the NSE, there were 793 advances, 728 declines
and 58 unchanged. The trends of the major indices in the course of Monday’s
trading are given below:
 |
Major Indices (The Total
Investment & Insurance Solutions)
Both
the BSE and NSE opened on a flat note tracking negative Asian cues on Monday.
The key Indian equity indices traded higher on the back of buying in IT
(information technology), consumer durables and healthcare stocks as the day
progressed. But the gains were not sustained, as there was no momentum among
the bulls. At the end of the day’s trading the major indices closed with minor
gains over Friday’s close. The Total
Investment & Insurance Solutions
In
a major market development, IT bellwether Tata Consultancy Services (TCS) on
Monday emerged as the first Indian listed company to cross the $100-billion
mark in terms of market capitalisation (m-cap). TCS shares closed at Rs3,408.65,
down 0.19% on the NSE. The Total Investment
& Insurance Solutions
China
on Monday said the "protectionist" trade policy of the US and the
"unprecedented" changes in the world order in the past 100 years will
be discussed by Chinese President Xi Jinping and Indian Prime Minister Narendra
Modi at their two-day summit this week. If there is material progress after the
talks, this could lead the bulls to be stronger in the Indian stock markets.
Mahindra
Electric and cab service Meru on Sunday announced a joint electric vehicle (EV)
pilot project in Hyderabad, to be replicated in other cities soon. Their joint
statement here on Earth Day said that under the pilot project, Meru will deploy
Mahindra's eVeritos all-electric sedans. Mahindra & Mahindra shares closed
at Rs824.30, up 2.95% on the NSE.
Airline
major Jet Airways on Saturday said that it has commenced the mandated engine
inspection of four 'CFM56-7B' engines which power some of the Boeing 737
aircraft in its fleet. The development assumes significance as it comes after
the US and the European civil aviation authorities -- FAA and EASA -- mandated
inspections of all fan blades of 'CFM56-7B' engines that has accumulated 30,000
flight cycles or more, under their latest 'Emergency Airworthiness Directives'.
"Jet Airways has received the latest Emergency Airworthiness Directives
from the FAA and EASA which mandate an inspection of all fan blades of any
engine that has accumulated 30,000 flight cycles or greater," a Jet
Airways spokesperson said in a statement. “The airline has 4 engines that are impacted
by the Directive with one already in scheduled maintenance," the statement
said. "As the impact to Jet Airways is low, the inspections are not
expected to cause any disruption to the airline's published schedule and will
be conducted well in advance of the stipulated timeline." Jet Airways
shares closed at Rs618.20, down 0.93% on the NSE. The Total Investment & Insurance Solutions
Global
cues such as volatile crude oil prices, along with the policy stance of major
global central banks and the ongoing quarterly results season are expected to
guide the Indian equity market's trajectory this week. The local bond yields
and rupee levels (RBI's response) would be closely watched after the hawkish
RBI (Reserve Bank of India) minutes, pointed out market analysts. Apart from
global cues, companies like Bharti Infratel, Reliance Infrastructure, Bharti
Airtel, Jindal Stainless, UltraTech Cement, Wipro, Axis Bank, Biocon, Rallis
India, Yes Bank and Maruti Suzuki India are expected to announce their fourth
quarter (Q4) earning results during the week. Better earnings, improved
sentiment and weaker INR (Indian rupee) would help the IT sector stocks.
Earnings releases of Axis, Yes and HDFC banks would be monitored closely to
assess the trends of incremental NPAs (non-performing assets) recognition in private
banks, observed market analysts. The Total
Investment & Insurance Solutions
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)
No comments:
Post a Comment