Nifty, Sensex remains under pressure – Monday closing report -The Total Investment & Insurance Solutions

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11 February 2019

The major indices of the Indian stock markets were range-bound on Monday and closed with losses over Friday’s close. On the NSE, there were 528 advances, 1,232 declines and 324 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:

Except for IT (information technology) stocks on the BSE, all the others sectors traded lower. Oil and gas, capital goods and auto stocks lost over 1%. The Sensex of the BSE opened at 36,585.50 from its previous close at 36,546.48 on Friday.

On Friday, foreign institutional investors (FIIs) were net buyers and the domestic institutional investors (DIIs) were net sellers. FIIs bought stocks worth Rs843.73 crore while the DIIs sold stocks to the tune of Rs960.04 crore.

Jet Airways has revised its change and cancellation fees for its flights within India, based on the number of days prior to the travel date that the change or cancellation is made. According to the airline, in the economy class, there will be different charges across the various fare choices. There will be no change in fees for Jet Airways award flight bookings, the airline said. Jet Airways India shares closed at Rs214.45, down 5.09% on the NSE.

State-run lender UCO Bank on Friday said it narrowed net loss to Rs998.74 crore for the quarter ended December 31, 2018 as against a net loss of Rs1016.43 crore for the same period a year ago. The bank, which is under the prompt corrective action (PCA) of the Reserve Bank of India, had reported a net loss of Rs1136.44 crore for the second quarter of the current fiscal. UCO Bank shares closed at Rs17.50, down 1.69% on the NSE.

Macro-economic data points combined with the direction of foreign fund flows and the rupee's movement against the US dollar are expected to influence the Indian equity market this week, analysts opined. The ongoing quarterly results season, along with crude oil price fluctuations, will also impact investors' risk-taking appetite. The Central Statistics Office (CSO) is slated to release the macro-economic data points of Index of Industrial Production (IIP), Consumer Price Index (CPI) on February 12. Besides, investors will look forward to the macro-economic data points of WPI (Wholesale Price Index) and India's trade figures.

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:

Major Indices (The Total Investment & Insurance Solutions)