Contact Your Financial Adviser Money Making MC
31 Aug
2018
I had
mentioned in last week’s closing report that Nifty, Sensex were under pressure.
The major indices of the Indian stock markets were range-bound during the week
and closed with gains on Friday over last Friday’s close. The trends of the
major indices in the course of the week are given in the table below:
The
major indices of the Indian stock markets rallied on Monday and closed with
gains over last Friday’s close. On the NSE, there were 986 advances, 825
declines and 94 unchanged. The Total
Investment & Insurance Solutions
The
key Indian equity indices -- S&P BSE Sensex and the NSE Nifty50 -- crossed
the psychological marks of 36,700 points and 11,700 points for the first time
today before closing the day just below the landmark levels.
Supported
by firm global cues, the Sensex and the Nifty 50 touched their all-time high
levels of 38,736.88 points and 11,700.95 points, respectively and settled at
record closing levels.
Healthy
buying was witnessed in banking, consumer durables and IT (information
technology) stocks. The S&P BSE banking index surged around 530 points
during the day. The Total Investment & Insurance
Solutions
A
major deadline in the process of resolving the country's most pressing
corporate and banking problem of non-performing assets (NPAs), or bad loans
ended on Monday. The Reserve Bank of India (RBI) had set this six-month
timeframe for finalising resolution plans for around 70 large stressed accounts
in banks that are worth over Rs3.8 lakh crore.
The
major indices of the Indian stock markets opened up positively on Tuesday over
previous day’s close and remained range bound. On the National Stock Exchange
(NSE), there were 716 advances, 1028 declines and 329 unchanged.
Both
the BSE Sensex and the NSE Nifty50 touched their respective record intra-day
highs of 38,938.91 points and 11,760.20 points, before ending Tuesday's trade
at record closing levels.
Market
observers credited the easing of global trade tensions and buying in metal,
auto and IT (information technology) stocks as factors, which pushed the key
indices higher. The Total Investment & Insurance
Solutions
ITI
Ltd says it has received a letter of intent (LoI) valued at Rs2,658 crore for
the selection as the Project Implementation Agency (PIA) for MahaNet-I
(BharatNet Phase II) in Maharashtra for two packages, A and C, issued by
Maharashtra Information Technology Corporation Ltd.
Pharmaceutical
company Lupin said it received final approval for its Gabapentin Tablets from
the US FDA to market a generic version of Pfizer Inc's Neurontin tablets. The
drug is use in the treatment of postherpetic neuralgia.
The
major indices of the Indian stock markets were range-bound on Wednesday and
closed with losses over Tuesday’s close. On the NSE, there were 832 advances,
891 declines and 349 unchanged.
Broadly
negative global cues along with a weak rupee subdued the Indian equity market
on Wednesday. Selling pressure was witnessed in the IT (information technology),
energy and consumer durable stocks. Key Indian equity indices closed in the
negative territory on Wednesday as the rupee slumped to an all-time low, while
weak global cues further subdued the sentiments, analysts said. The Indian
currency earlier in the day plunged to 70.55 per dollar, the lowest-ever level,
which dampened the domestic investor sentiments. The market indices have
continuously traded higher for the last six weeks and looks highly stretched. The Total Investment & Insurance Solutions
Jain
Irrigation bagged an export order valued at Rs127 crore from Rwanda Agriculture
Board (RAB), Kigali, Rwanda for irrigation and watershed development project in
Rwanda.
Natural
resources major Vedanta Ltd has won 41 of the 55 oil and gas exploration blocks
offered through auction under the government's new open acreage licensing
policy (OALP), the Directorate General of Hydrocarbons (DGH) said.
The
major indices of the Indian stock markets were range-bound on Thursday and
closed with minor losses over Wednesday’s close. On the NSE, there were 973
advances, 770 declines and 328 unchanged.
The
key equity indices traded in the red on Thursday due to a weak rupee along with
profit booking ahead of August futures and options expiry later in the day. The
indices had, however, opened on a positive note, but could not hold on to the
gains. The Indian currency earlier in the day touched its lowest-ever mark of
70.81-82 per US dollar, which dampened the market sentiments. According to
analysts, selling pressure was witnessed in banking stocks, followed by finance
and FMCG (fast moving consumer goods) counters.
Cadila
Health - Zydus has received the final approval from the USFDA (United States
Food and Drug Administration) to market two products, Gemfibrozil Tablets USP
and Aripiprazole Orally Disintegrating Tablets USP. Gemfibrozil used in
treating high cholesterol, risk of stroke, heart attack and Aripiprazole is an
antipsychotic drug. The Total Investment
& Insurance Solutions
Tata
Power has commissioned 820.8kWp World’s largest solar rooftop installation on a
cricket stadium, at CCI, Mumbai. This will help to generate 1.12 million units
per year which lead to 25% savings in power consumption cost and curbs CO2
emission of over 840 tonnes annually.
The
key Indian equity indices ceded all their gains made earlier in the day to
trade in the negative territory on Friday as the rupee plunged further, along
with decline in the global indices. The Indian currency earlier in the day
touched its lowest-ever mark of 71 per US dollar, which dampened the domestic
investor sentiments. Further, major Asian and other global indices traded on a
negative note after US President Donald Trump in an interview threatened to
pull out of the World Trade Organisation if the body "doesn't shape
up". According to analysts, selling pressure was witnessed in banking
stocks, followed by oil and gas stocks and metal counters. The Total Investment & Insurance Solutions
Fortis
Healthcare's Chief Financial Officer Gagandeep Singh Bedi has resigned, citing
personal reasons. According to a BSE filing, the company Board at its meeting
on Friday accepted Bedi's resignation "after discussion and
deliberation" with effect from September 30 due to personal reasons.
Fortis Healthcare shares closed at Rs146.65, down 1.35% on the NSE.
Jindal
Stainless Group, which is planning to ramp up its capacity, is looking at a
15%-20% growth in revenue in the current financial year, an official said on
Friday. "Given the stable condition of the commodity market, we are
expecting 15-20 per cent growth in revenue in the current fiscal. In 2017-18,
our revenue was around Rs20,000 crore," its Senior Vice President and Head
(Sales and Distribution) Vijay Sharma said. He said that the volume growth is
expected to be around 12%-13% in the current fiscal over last year. The group
sold about 1.4 million tonnes of stainless steel in FY18 (2017-18). The
stainless steel market is growing by around 5% globally and about 9%-10% in
India, he said, adding that per capita consumption is around 2 kg in India,
compared with a global average of 5 kg. The group, which presently has most
exposure in the flat stainless products category, has a smelting capacity 1.6
million tonnes a year. "Our plan is to invest in cold rolling mills. Currently,
we have a 450,000-tonne capacity in cold rolling and another 150,000 tonnes in
our Indonesia facility. We will have about 200,000-tonne cold rolling capacity
in our Jajpur plant," he said. Jindal Stainless shares closed at Rs66.50,
down 3.41% on the NSE.The Total Investment
& Insurance Solutions
 |
Weekly Indices (The Total
Investment & Insurance Solutions)
No comments:
Post a Comment