Contact Your Financial Adviser Money Making MC
12
February 2019
I had
mentioned in Monday’s closing report that Nifty, Sensex were remaining under
pressure. The major indices of the Indian stock markets suffered a correction
on Tuesday and closed with losses over Monday’s close. On the NSE, there were
733 advances, 1,002 declines and 333 unchanged. The trends of the major indices
in the course of Tuesday’s trading are given in the table below:
The
BSE Sensex closed 240 points lower, ahead of the release of retail inflation
and industrial production data. After trading on a flat-to-negative note for
most part of the session, the key indices slumped in the last hour of trade
with selling pressure on telecom, IT (information technology) and finance
stocks. Markets anticipate a rise in the Consumer Price Index (CPI), the retail
inflation data in the month of January, analysts said. The government is
scheduled to release the January data later in the day.
In
December, India's retail inflation in December eased to 2.19% from 2.33% in
November due to lower fuel prices.
On
Monday, both foreign institutional investors (FIIs) and the domestic
institutional investors (DIIs) were net sellers. FIIs stocks sold Rs125.05 crore
while the DIIs sold to the tune of Rs232.55 crore. As the day progressed, the
major indices suffered a correction and closed with losses.
The
Anil Ambani-led Reliance Group's non-life insurer, Reliance General Insurance
Company Ltd, has filed the draft red herring prospectus (DRHP) with the
Securities and Exchange Board of India (SEBI), said parent company Reliance
Capital Ltd on Tuesday. In a statement issued here, Reliance Capital said the
initial public offering (IPO) by its wholly-owned subsidiary Reliance General
comprises fresh equity issue aggregating up to Rs200 crore. The offer for sale
by Reliance Capital will be up to 7,94,89,821 equity shares. The face value of
per equity share is Rs10. The IPO is subject to receipt of requisite regulatory
approvals, market conditions and other considerations, the statement said.
Reliance Capital shares closed at Rs136.50, up 1.19% on the BSE.
The
Indian Hotels Company Ltd (IHCL) announced the takeover of the management of
one of Goa's oldest and iconic five star hotels, Cidade de Goa. The hotel,
which currently operates 207 rooms, will form a part of the IHCL's SeleQtionsA
portfolio - a collection of hotels and resorts with a distinct character. In
addition to the 207 rooms, an additional 299 rooms which are currently under
construction, will be added to the same complex under the Taj brand scheduled
to open by the end of this year, the IHCL statement said. The IHCL said it has
a special relationship with Goa since 1974 when Taj Fort Aguada Resort &
Spa, India's first beach resort opened its doors and firmly established Goa on
the global map. The Fomento Group are the promoters of Cidade de Goa. Indian
Hotels Co shares closed at Rs136.00, up 0.41% on the BSE.
The
top gainers and top losers of the major indices are given 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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