Tag Archives: Equity

Feb 11

Daily Market Commentary – 11 Feb 2015

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Indian equity market rose for the second consecutive day on the hopes that huge margin defeat to spur faster reform by the BJP led central government before elections on other states in few months. Front line inex Sensex ended the day at 28,533.97, surged by 178.35 points while Nifty wrapped up the session at 8,276.40, up by 61.85 points.

Traders expect Finance Minister Arun Jaitley to boost capital spending and offer tax breaks to an under-performing manufacturing sector in the federal budget on February 28.

The rupee ended marginally lower today against the US dollar at 62.25, down by 7 paisa

Among the sectorial indices CNX Metal was the top performer, surged by 1.71% followed by CNX Auto (1.12%) and CNX FMCG (1.08%). CNX Media was the only loser of the day, plunged by 0.51%.

Market breadth of the NSE remained positve for the day with 825 shares advances, 361 declines and 23 remain unchanged.

Out of the 50 stocks of Nifty 39 stocks ended in poistive territory and 11 in negative.

Top 5 Nifty Gainers: Jindal Steel (6.48%), Tech Mahindra (3.00%), Axis Bank (2.78%), Asian Paints (2.53%) and NTPC (2.52%).

Top 5 Nifty Losers: ONGC (-2.72%), BHEL (-2.29%), ZEE (-1.41%), CAIRN (-1.10%) and Mahindra & Mahindra (-0.72%).

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Feb 06

Daily Market Commentary – 6 Feb 2015

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Indian equity market fell for 6th straight trading day on friday to end the week in the negative terrain on the back of selling pressure of heavyweights like tatamotors, Dlf, Bhel etc. Nifty fell below the important level of 8,700 to the end the day at 8,661.05 plunged by 50.65 points while Sensex lowered by 133.06 to end at 28,717.91.

Tata Motors shares fell on Friday after the company missed profit estimates in the December quarter. The stock headed towards its biggest daily fall in more than a year. Tata Motor’s net profit fell 25.5% year-on-year to Rs 3,581 crore; analysts had expected, on average, profit of Rs 4,924 crore. Continued weakness in domestic vehicle sales and a dip in Jaguar Land Rover sales dented Tata Motors’ profitability. Tata Motors, India’s biggest automaker by revenue, reported a 8.6% rise in consolidated sales at Rs 69,942 crore.

Meanwhile USDINR pair ended the day at 61.69 down by 3 paisa.

Tracking the momentum most of the NSE’s sectorial indices ended in red, CNX Auto was the top loser to plunged by 2.90%, followed by CNX Pharma (-1.73%) and Bank Nifty (-1.15%). CNX FMCG (0.91%) and CNX IT (0.85%) were only gainers of the day.

Out of the 50 stocks of Nifty 15 ended in positive and 15 ended in 35.

Top 5 Nifty Gainers: CAIRN (3.0%), HDFC (2.92%), NMDC (1.88%), Sesa Sterlite (1.66%) and Infosys (1.56%).

Top 5 Nifty Losers: DLF (-5.25%), Tata Motors (-4.96%), BHEL (-4.70%), Jindal Steel (-3.28%) and Tata Steel (-3.20%).

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Feb 05

Daily Market Commentary – 5 Feb 2015

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Indian equity market pared all its gain in the last hour trading session to end the market for the 5th straight session at negative territory on the back of selling pressure visible in the Power, metal and real estate stocks. Sensex fall over 500 points from the day’s high to wraaped up the session at 28,850.97 plunged by 32 points. tracking the momentum NSE index Nifty ended the day at 8,711.70 down by 12 points.

Tata Power extended its losses for second straight session after rthe disappointing Q3 results. Tata Power reported net profit of Rs 198 crore during October-December quarter aganist 134 crore polled by analyst. Comapny had a loss of Rs 74.91 crore in the year-ago period. Net sales increased 1.2 percent to Rs 8,806.6 crore in the quarter ended December 2014 from Rs 8,700 crore in same quarter last fiscal.

The European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding, shifting the burden onto Athens’ central bank to finance its lenders and isolating Greece unless it strikes a new reform deal. The move, which means the Greek central bank will have to provide its banks with tens of billions of euros of additional emergency liquidity in the coming weeks, was a response to what many in Frankfurt see as the Greek government’s abandoning of its aid-for-reform programme.

The rupee on wednesday end marginally up by 2 paise to 61.73 against the greenback.

Among the sectorial indices of NSE CNX IT (1.90%) and CNX FMCG (0.49%) were only gainers while CNX Realty (-2.67%), CNX PSU Bank (-2.06%) and CNX Metal (-1.92%) were top laggards.

Market breath of NSE remain negative for the day with 1053 negative against 436 positve and 56 remian unchanged.

Out of 50 stocks of Nifty 17 ended in green and 33 in red.

Top 5 Nifty Gainers: HCL (3.88%), BPCL (3.49%), Wipro (3.20%), Infosys (2.01%) and Axis Bank (1.68%).

Top 5 Nifty Losers: Tata Power (-8.21%), Jindal Steel (-5.40%), PNB (-4.69%), Bank of Baroda (-4.57%) and Sesa Sterlite (-3.97%)

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