Contact Your Financial Adviser Money Making MC
02
November 2018
I had
mentioned in last week’s closing report that Nifty, Sensex were deeply oversold
but were showing no sign of bounce back. The major indices of the Indian stock
markets rallied strongly during the week and closed with weekly gains of around
5% on Friday over last Friday’s close. The trends of the major indices in the
course of the week’s trading are given in the table below:
The
major indices of the Indian stock markets rallied on Monday and closed with
gains over Friday’s close. On the NSE, there were 1,339 advances, 404 declines
and 325 unchanged. The Total Investment & Insurance
Solutions
The
key domestic indices -- the S&P BSE Sensex and NSE Nifty50 -- gained over
1.50% on Monday. All the 19 sectors on the BSE gained, with banking and finance
counters leading. Gains were witnessed in export-oriented stocks like
healthcare and IT (information technology) counters.
Sundram
Fasteners reported Q2 FY19 standalone results of total revenue at Rs1,001.61
crore (Rs818.45 crore), up 22.4% year-on-year. Profit after tax was at Rs110.22
crore (Rs90.43 crore), up 21.9% year-on-year. Earnings per shares were at
Rs5.25 (Rs4.30). Interim dividend of Rs2.00 per share was declared.
Century
Textiles reported Q2 FY19 standalone results which included Income from
operations at Rs2,088.89 crore (Rs1,821.69 crore), up 14.7% year-on-year.
Net profit was at Rs156.52 crore (Rs52.78 crore), up 196.6% year-on-year.
Earnings per share were at Rs14.01 (Rs4.72).
The
major indices of the Indian stock markets were up for most of the day on
Tuesday but ended lower. On the NSE, there were 1,033 advances, 678 declines
and 346 unchanged. The Total Investment & Insurance
Solutions
Barring
the metal, oil and gas and energy sectors, all the other counters were in the
green on BSE, led by IT (information technology), capital goods and TECK
(technology, entertainment and media). According to analysts, the markets on Tuesday
showed signs of settling down after it was over-sold for the past few weeks.
"Broadly the trend is still negative. Today the Asian markets are positive
but the US stocks are down," pointed out market analysts.
Finance
Minister Arun Jaitley on Tuesday held the central bank responsible for the
mountain of bad loans, saying the Reserve Bank of India (RBI) looked the other
way when banks lent indiscriminately during 2008-14 to keep the economy
humming. Jaitley's comments reflect a growing tension between the RBI and the
government. The Total Investment & Insurance
Solutions
ABB
India reported Q2 FY19 results including total revenue at Rs2,515.36 crore
(Rs1,923.40 crore), up 30.8% year-on-year. Profit after tax was at Rs108.34
crore (Rs83.39 crore), up 29.9% year-on-year. Earnings per share were at Rs5.11
(Rs3.94). The Total Investment & Insurance
Solutions
The
major indices of the Indian stock markets rallied on Wednesday and closed with
gains over Tuesday’s close. On the NSE, there were 1,143 advances, 597 declines
and 318 unchanged.
Automobile
major Tata Motors announced the roll-out of its first SUV "Harrier"
from its all-new manufacturing line. "Tata Harrier needed a completely new
approach to product development and manufacturing processes," the company
said in a statement. The Total Investment & Insurance
Solutions
RP-Sanjiv
Goenka Group's Phillips Carbon Black Ltd (PCBL) is at an "advanced
stage" of finalising a site in one of the southern states for its Rs600
crore greenfield project, Group Chairman Sanjiv Goenka said.
The
major indices of the Indian stock markets were range-bound on Thursday and
ended flat over Wednesday’s close. On the NSE, there were 1,134 advances, 596
declines and 329 unchanged. The Total Investment & Insurance
Solutions
Despite
firm global cues and a slight recovery in the domestic currency, the key equity
indices traded flat during the afternoon session of trade on Thursday as
investors remained cautious ahead of key macro-economic data release and
tension between the RBI and government. Export-oriented stocks, IT (information
technology) and healthcare struggled as the rupee recovered to around 73.79 a
US dollar from Wednesday's close of 73.95. Buying was witnessed in banking,
finance and capital goods counters on BSE.
A
faster rise in demand accelerated the pace of India's manufacturing sector
output in October, key economic data released on Thursday showed. According to
the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite
indicator of manufacturing performance increased to 53.1, from 52.2 in
September. An index reading of above 50 indicates an overall increase in
economic activity, or growth, and below 50 an overall decrease.
Revenue
collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore
mark in October, Finance Minister Arun Jaitley said on Thursday.
Global
IT (information technology) company Tata Consultancy Services announced the
acquisition of W12 Studios, an award-winning digital design studio based in
London, for an undisclosed sum.
The
major indices of the Indian stock markets rallied strongly on Friday. On the
NSE, there were 1,102 advances, 616 declines and 339 unchanged.
The
30-scrip S&P BSE Sensex on Friday opened in the positive territory owing to
the recovery in rupee and ease in the crude oil prices. Buying was witnessed in
all sectors on BSE led by finance, banking and auto counters. NSE was up 1.66%,
Sensex rallied 1.68% and Bank Nifty went up 1.49%.The Total Investment & Insurance Solutions
 |
Weekly Indices (The Total
Investment & Insurance Solutions)
No comments:
Post a Comment