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25
June 2018
The
major indices of the Indian stock markets suffered a correction on Monday and
closed with losses over Friday’s close. Decline in international markets and
rising global trade tensions subdued the key Indian equity indices on Monday.
According to analysts, selling pressure was witnessed in the auto, oil and gas
and banking stocks. On the NSE, there were 485 advances, 1,252 declines and 339
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
US
President Donald Trump's administration is set to announce measures this week
cracking down on Chinese investment in key technologies in America, a media
report said on Monday. The Total Investment
& Insurance Solutions
Senior
officials of 11 public sector banks (PSBs) will appear before the Parliamentary
Standing Committee on Finance on Tuesday on the issue of the banks' massive
non-performing assets (NPAs), or bad loans, and increasing number of fraud
cases, according to official sources here. The committee, headed by Congress
leader M. Veerappa Moily, is preparing a report on the "Banking Sector in
India - Issues, Challenges and the Way Forward, including Non-Performing
Assets/Stressed Assets in Banks/Financial Institutions". S & P BSE
Bankex closed at 29,616.81, down 0.94% on the BSE.
IndiGo
said its Chief Commercial Officer Sanjay Kumar is leaving the airline and would
be replaced by William Boulter. IndiGo's Interim CEO Rahul Bhatia said Kumar's
contribution has been very significant "in getting us to the level we are
today". Kumar, who has been associated with the no-frills carrier for the
last 12 years, has put in his papers to pursue other career interests, IndiGo
said in a release. His resignation would be effective from July 15. Boulter,
currently the airline's Chief Strategy Officer, would be taking over from him.
InterGlobe Aviation shares closed at Rs1,171.10, down 1.36% on the NSE.
In
the week gone by, provisional figures from the stock exchanges showed that
foreign institutional investors sold scrips worth Rs2,088.81 crore, while the
domestic institutional investors purchased stocks worth Rs4,720.76 crore.
Figures from the National Securities Depository (NSDL) revealed that foreign
portfolio investors (FPIs) divested equities worth Rs4,528.63 crore, or $665.71
million, in the week ended on June 22.
Global
factors such as concerns over trade wars and further developments on tariffs,
along with the decision of the Organisation of Petroleum Exporting Countries
(OPEC) to marginally increase oil production, would drive the domestic equity
market during the current week. According to market analysts, progress in the
monsoon rains and the macro-economic data due later in the week would also give
the market cues. Global event risks, especially the developments on trade wars
between the US and China, would be closely monitored. Progressing monsoon and
positive outlook on rural market is giving boost to the economy, which is
already showing signs of improvement. Besides, cues from economic data like
Consumer Price Index, Index of Industrial Production and Wholesale Price Index
data to be released later in the week also would be a determining factor in the
market movement. Sector-wise, oil marketing companies, IT (information
technology) and pharma stocks would be in focus and investment-wise, the
support to the markets continue to come from domestic investors, given the
selling by foreign investors, pointed out market analysts.
The
top gainers and top losers of the major indices are given in the table below:
The
closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
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