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27
December 2018
Wednesday’s
closing report it observed that Nifty, Sensex might rally if global markets
pulled back. The major indices of the Indian stock markets were range-bound on
Thursday and closed with gains over Wednesday’s close. On the NSE, there were
913 advances, 795 declines and 353 unchanged. The trends of the major indices
in the course of Thursday’s trading are given in the table below:
IT (information technology) stocks gained,
while the oil and gas and energy stocks edged higher on the BSE. In the past
days, investor sentiments were low on concerns that US President Donald Trump
would attempt to fire Federal Reserve Chairman Jerome Powell. Key economic
adviser Kevin Hassett's reassurances on Wednesday put this to rest. According
to reports, the US president was unhappy post the US central bank hiking the
short-term interest rate. The Total
Investment & Insurance Solutions
Credit
ratings agency ICRA expects the domestic two-wheeler industry's volumes to grow
at 8%-10% during FY2019. According to ICRA, the expected growth rate will be
supported by growing per capita income, improved farm sentiment following near
normal monsoon over last three fiscal, higher MSP and farm loan waiver in
select states. "The two-wheeler industry has reported a 11.1% Year over
year (YOY) volume growth in April-October 2019.
This is despite some one-off adverse events
during the period increase in insurance premium across the country, floods in
Kerala in August 2018 and regulatory changes in West Bengal mandating
two-wheeler sale to only valid license holders in July 2018," ICRA said in
a statement. "While increase in rural income would support motorcycle
demand; the demand for scooters is expected to be led by rapid urbanisation,
increased affordability and greater penetration through targeted product
launches." Hero MotoCop shares closed at Rs3,127.00, down 1.85% on the
BSE. The Total Investment &
Insurance Solutions
Budget
passenger carrier SpiceJet will launch a daily direct service on
Kolkata-Lilabari-Kolkata route under the regional air connectivity -- UDAN --
scheme, the airline announced. The un-served market of Lilabari, located in
Lakhimpur district of Assam, was awarded to the airline under the phase II of
UDAN scheme. In addition, the airline will also start a new direct flight
connecting Kolkata with Jabalpur and an additional frequency on Hyderabad-Jabalpur
route. "All new flights and frequencies are scheduled to commence from
January 15, 2019," the company said in a statement. The airline said that
it will deploy its Bombardier Q400s on all these routes. After the addition of
the Kolkata-Lilabari-Kolkata flight, SpiceJet will operate 25 flights under the
UDAN scheme. SpiceJet shares closed at Rs86.60, down 1.03% on the BSE.
Automobile major Maruti Suzuki India has
recalled 5,900 units of light commercial vehicle Super Carry. According to the
company, it is "proactively and voluntarily" undertaking the recall
campaign. "The company will inspect a possible defect in fuel filter of
5,900 Super Carry vehicles manufactured between April 26, 2018 and August 1,
2018. This also includes vehicles in which fuel filter has been replaced in
field during this period," the company said in a statement issued on
Wednesday. "Starting December 26, 2018, owners of the suspected vehicles
will be contacted by Maruti Suzuki dealers for inspection and replacement of the
faulty part free of cost." Recall campaigns are undertaken globally to
rectify faults that may be potential safety defects. On Thursday, Maruti Suzuki
shares closed at Rs7,505.30, down 0.86% on the BSE. The Total Investment & Insurance Solutions
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
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| Major Indices (The Total Investment & Insurance Solutions) |
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