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Indian
Indices: Indian
equity benchmarks added some gains in late afternoon session, continued their
northward journey on the back of positive opening in the European markets and
healthy buying in Realty, Consumer Durables and Telecom stocks. Sentiments
remained upbeat with the report that Tax revenue to the central government
rose 18% to Rs 17.1 trillion in the year ended 31 March, aided by steady
growth in direct taxes and a sharp jump in excise and service tax receipts. Some support also came with the report that Federation of Indian Export
Organisations (FIEO) expects the merchandise exports from India to witness
double-digit growth at around $315 billion and services exports to be about
$185 billion in the financial year (FY) 2017-18. Besides, foreign investors
pumped in a little over Rs 49,000 crore in the Indian capital markets in
2016-17 after pulling out a hefty sum in the preceding fiscal. However, gains
remained limited ahead of the outcome of Reserve Bank of India's policy meet
due tomorrow.
The BSE Sensex
is currently trading at 29964.45, up by 54.23 points or 0.18% after trading
in a range of 29817.69 and 30007.48. There were 17 stocks advancing against
13 stocks declining on the index. The broader indices were trading in green;
the BSE Mid cap index was up by 0.37%, while Small cap index was up by 1.14%.
The
CNX Nifty is currently trading at 9260.85, up by 23.00 points or 0.25% after
trading in a range of 9215.40 and 9264.95. There were 31 stocks advancing
against 20 stocks declining on the index.
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MARKET INDICATORS
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Top Movers (Group A)
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Company
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Cmp
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% chg
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Gainers
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Sobha
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399.00
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16.24
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Unitech
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5.85
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15.38
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DEN
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91.50
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8.22
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VRLLOG
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342.60
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8.23
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Losers
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BajajElec
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348.05
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-6.63
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Deltacorp
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202.60
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-5.17
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HDFC
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1490.05
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-2.78
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GSPL
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160.50
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-2.67
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INDEX
PERFORMANCE
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Index
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Close
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% Chg
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Sensex
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29,974.24
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0.21
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Nifty
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9,265.15
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0.30
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Crporate Front: Five
countries, including India and Bangladesh, lead the world in solar home
lighting systems and the two south Asian nations together account for 97 per
cent of the renewable energy market in the region, says an international body
report.The other three leading countries are Kenya, Tanzania and Ethiopia --
all in Africa.
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Macroeconomic front: Tractor maker
Sonalika ITL today reported its best ever annual sales at 81,531 units,
registering a growth of 19.6 per cent in 2016-17, reported PTI. During the
year, the company sold 69,290 units in the domestic market, clocking an
increase of 18 per cent from the previous fiscal, Sonalika ITL said in a
statement.
On
the global front:
On the global front, European markets were
trading in green as investors eyed on fresh economic data and renewed
promises on financial regulation from U.S. President Donald Trump. Asian
markets were trading mostly in green. Back home, in scrip specific development,
Bharat Forge traded higher with the company planning to raise $500 million in
an overseas bond sale. The company will use the money to restructure debt and
finance expansion.
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Commodity
Updates:
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Commodity Prices (MCX):
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Commodity
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Rs
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% Chang
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Gold
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28924.00
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-0.32
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Silver
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42437.00
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-0.31
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Crude oil
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3354.00
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0.87
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Natural Gas
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213.70
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0.42
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Alluminium
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127.00
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0.91
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Copper
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380.40
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1.00
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Top Sectoral& Stock Screening:The top gaining sectoral indices on the
BSE were Realty up by 4.43%, Consumer Durables up by 2.67%, Telecom up by
1.65%, Industrials up by 1.32% and Capital Goods up by 1.31%, while IT down
by 0.86%, TECK down by 0.31% and FMCG down by 0.09% were the losing indices
on BSE.
Top Nifty Movers:The top gainers on Nifty were Maruti
Suzuki up by 4.12%, Adani Ports & SEZ up by 4.12%,
BhartiInfratel up by 2.72%, Hindalco up by 2.40% and Reliance Industries up
by 2.40%. On the flip side, HDFC down by 2.61%, Infosys down by 1.41%, Coal
India down by 1.36%, HCL Tech. down by 1.28% and Tech Mahindra down by 1.05%
were the top losers.
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Global Signals:
Asian markets
were trading mostly in green; Jakarta Composite increased 1.78 points or
0.03% to 5,653.60, Shanghai Composite increased 47.79 points or 1.48% to
3,270.31, Nikkei 225 increased 51.02 points or 0.27% to 18,861.27, Taiwan
Weighted increased 137.96 points or 1.41% to 9,949.48 and Hang Seng increased
139.32 points or 0.57% to 24,400.80. On the flip side, FTSE Bursa Malaysia
KLCI decreased 4.89 points or 0.28% to 1,742.30 and KOSPI Index decreased
0.25 points or 0.01% to 2,160.85.
European
Markets were trading mostly in green; France’s CAC increased 4.59 points or
0.09% to 5,105.72 and UK’s FTSE 100 increased 25.31 points or 0.35% to
7,347.13. On the flip side, Germany’s DAX decreased 22.53 points or 0.18% to
12,259.81.
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