Tuesday, 10 April 2018

Nifty, Sensex Trending Higher – Tuesday closing report-The Total Investment & Insurance Solutions


Contact Your Financial Adviser Money Making MC
10 April  2018

I had mentioned in Monday’s closing report that Nifty, Sensex would be driven by US market trends. The major indices of the Indian stock markets were range-bound on Tuesday and closed with small gains over Monday’s close. On the NSE, there were 819 advances, 908 declines and 322 unchanged. The trends of the major indices of the Indian stock markets 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)


Hopes over easing of recent global trade protectionist measures aided the key Indian equity indices to rise during the early-morning trade session on Tuesday in-line with their Asian peers. According to market observers, there was buying in metals, banking and capital goods stocks making Indian equities trade in the green for the fourth consecutive session. US stock futures rallied, Asian shares bounced and the yen fell on Tuesday as Chinese President Xi Jinping promised to lower import tariffs on products including cars, observed market analysts.

Enterprise and innovation should be the guiding principles in the 21st century, Prime Minister Narendra Modi told central public sector enterprises on Monday while asking them to come up with a road map for the next 100 days with timelines as part of efforts to build a New India by 2022. Addressing the Central Public Sector Enterprises conclave here, he urged them to strive for global greatness in the next few years.  "We have to ask ourselves how Indian public sector undertakings will achieve global greatness in the next five-ten years. How there should be maximum innovation, what improvement should be made in processes that leads to increase in revenue and creates new avenues of employment generation," Modi said. He said PSE really means - profit and social benefit generating enterprise, which not only earns profit for shareholders but benefits the society. The government policy could return to greater focus of doing things in the public sector, as it was in the Indian economy thirty years ago. The Total Investment & Insurance Solutions

Lending major HDFC on Monday said that it has increased its 'Retail Prime Lending Rate' (RPLR) by 20 basis points effective since April 1, 2018. HDFC's 'Adjustable Rate Home Loans' (ARHL) are benchmarked on RPLR. HDFC shares closed at Rs1,818.25, down 1% on the NSE.

Binani Industries, the parent company of insolvent Binani Cement, on Monday informed the National Company Law Tribunal's Kolkata bench that it has moved the Supreme Court for termination of insolvency proceedings against its cement manufacturing subsidiary. Binani Industries closed at Rs101.65, down 3.88% on the NSE. The Total Investment & Insurance Solutions

Larsen & Toubro (L&T) IT services arm said it has bagged a multi-million dollar digitisation deal from Exxon Mobil exploration firm. "The value of the deal signed with Exxon is $20 million (Rs 130 crore) for the first year of the contract," said the city-based L&T Technology Services Ltd in a statement here. The engineering R&D services firm's geospatial and digital expertise will convert Exxon's historical geoscience content into digital domain by leveraging automation utilities. 

"Digitisation will provide Exxon geo-scientists improved data, and enhance the speed and efficiency of analysis and evaluation," noted the statement. The IT arm will rope in the services of the group's other IT subsidiary -- L&T Infotech -- in serving the American multinational oil and gas corporation. "The deal re-affirms our investment strategy for flagship customers and ensures our position as a leading partner among top engineering R&D service providers by capitalising on the changing digital shifts in the oil and gas industry," said the statement. L & T shares closed at Rs1,350.00, up 1.66% on the NSE.

The Union government on Tuesday ordered a probe into an incident of deplaning of a passenger by IndiGo airline, over his alleged complaint of mosquitoes in the aircraft. InterGlobe Aviation shares closed at Rs1,478.40, down 0.99% 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