Contact Your Financial Adviser Money Making MC
16 April 2018
The
major indices of the Indian stock markets rallied on Monday and closed with
small gains over Friday’s close. On the NSE, there were 835 advances, 918
declines and 301 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)
India's
wholesale price-indexed (WPI) inflation softened to 2.47% in March from 2.48%
reported for the previous month, official data showed on Monday. According to
the Commerce Ministry data, the WPI inflation in March 2017 was more than
double at 5.11%. "The annual rate of inflation, based on monthly WPI,
stood at 2.47% (provisional) for March 2018 (over March 2017) as compared to
2.48% (provisional) for the previous month and 5.11% during the
corresponding month of the previous year," the ministry said in its
report. "Build up inflation rate in the financial year so far was 2.47%
compared to a build-up rate of 5.11% in the corresponding period of the
previous year." On a sequential basis, expenses on primary articles, which
constitute 22.62% of the WPI's total weightage, inched up by 0.24%, from an
increase of 0.79 per cent in February.
The
data disclosed that prices of food articles dipped by (-) 0.29% from an
acceleration of 0.88% in the previous corresponding month. On a year-on-year
(YoY) basis, the consumer price index (CPI) last month stood higher than the
3.89% reported in March 2017. The CSO data revealed that the consumer food
price index (CFPI) stood at 2.81% in March compared to 3.26% in February 2018.
Buying
in healthcare and fast moving consumer goods (FMCG) stocks were favourable for
the markets. Gradually, the market began to rally after initial marginal losses
and the major indices closed with gains over Friday’s close.
Normal
life came to a standstill in Andhra Pradesh on Monday as the day-long shutdown
called in demand for the special status category to the state evoked near total
response. Shops and business establishment and educational institutions
remained closed, while buses of state-owned Andhra Pradesh State Road Transport
Corporation (APSRTC) went off the roads in all 13 districts. The shutdown has
been called by Pratyeka Hoda Sadhana Samithi (The people's forum to fight for
special status) and is being backed by opposition YSR Congress party, the Left
parties, Congress and Jana Sena. The ruling Telugu Desam Party (TDP), which has
been fighting for the special status and implementation of the provisions of AP
Reorganisation Act, is not participating in the shutdown. Leaders and activists
of all opposition parties, barring Bharatiya Janata Party (BJP), staged protest
demonstrations across the state. They took to the streets since early
morning, raising slogans against the Centre for going back on the promise to
grant special status and fulfil all other commitments made at the time of
bifurcation of Andhra Pradesh in 2014.
CBI
officials on Sunday said they will soon question the bank's former Chairman and
Managing Director (CMD) Arun Kaul in connection with its ongoing probe into the
loan fraud case. Earlier, the agency had filed a case against Kaul, Era
Engineering Infra India (EEIL), its CMD Hem Singh Bharana, two chartered
accountants -- Pankaj Jain and Vandna Sharda -- and Pawan Bansal of Altius
Finserve among others in connection with the alleged Rs621-crore loan fraud
which has caused a loss of over Rs737 crore to the bank. UCO Bank shares closed
at Rs20.85, down 6.29% 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)
No comments:
Post a Comment