Equity markets extends previous session's losses - ShareTipsInfo
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SHARETIPSINFO.COM
sep 16th,2014
POST MARKET REPORT
Major Headlines:
Market Summary:
Microeconomic Front:
Corporate Front:
Commodity Updates:
Top Gainers & Losers:
Global Signals:
Sectoral & Stock Screening:
SHARETIPSINFO.COM
nifty fall most in 1-1/2 months ahead of fed outcome
INDIAN EQUITY MARKET FELL OVER 1% ON TUESDAY POSTING ITS BIGGEST SINGLE DAY DECLINE IN
1-1/2 MONTHS AS BLUE CHIPS SLIPPED ON CAUTION AHEAD OF THE US FEDRAL RESERVE’S MEETING.
Major headlines:
Tata Motors Group global sales at 73,524 in August 2014
RBI chief Rajan says limiting reliance on foreign debt
India starts to develop yield curve as trading shifts from 10-
year bon
INDEX PERFORMANCE
Index Close % Chg
Sensex 26492.51 -1.21
Nifty 7932.90 -1.36
Indian Indices: Local equity markets extended previous session’s
losses and ended down with sharp cut of over 1.20% on Tuesday, which dragged both Sensex and Nifty below the psychologically crucial
27,000 and 8,000 levels respectively. Absence of any positive triggers
at home front combined with global anxiety as investors braced for a
possible hawkish shift in the U.S. Federal Reserve's policy stance in its two-day policy meeting, which begins later in the day, mainly took a
toll on buying activity. Sentiment at Dalal Street also took a hit to
some extent after RBI’s governor, underscored that there were no chances of RBI slashing rates at the month-end monetary policy
announcement, citing that Inflation in Asia's third-largest economy,
India, was still high and hence there was no point in slashing interest
rates since this would further build on to inflationary pressures.
The BSE Sensex ended lower by 324.05 points or 1.21% at 26492.51 after trading in a range of 26464.03 and 26861.29. There were 8 stocks
advancing against 22 stocks declining on the index. The broader
indices ended in red; the BSE Mid cap index was down by 3.42%,
while Small cap index down by 3.99%.
The CNX Nifty edged lower by 109.10 points or 1.36% at 7932.90 after
trading in a range of 7925.15 and 8044.90. There were 8 stocks
advancing against 42 stocks declining on the index. (Provisional)
MARKET INDICATORS
Top Movers (Group A)
Company Cmp % chg
Gainers
Castrol 438.45 4.23
Pel 767.15 3.59
Colpal 1648.60 2.90
FRL 127.45 1.31
Losers
Gmr Infra 22.30 -10.26
HDIL 86.50 -8.03
Jisljaleq 87.55 -7.89
Nationalum 60.55 -7.20
Market Statistics
BSE NSE
Advances 1733 193
Declines 1362 1294
On the global front:
Asian and European markets were in shambles as investors were reluctant to do much as they waited for fresh guidance on
interest rates from the Federal Reserve amidst speculation that
the Fed could raise interests sooner and faster than previously expected. Besides, US central bank policymakers will also
release fresh economic and interest-rate projections, extending
their forecast horizon through 2017.
Market Sentiment: The market breadth on the BSE remained
in the favour of decliners; advancing and
declining stocks were in a ratio of 801:2229, while 88 scrips remained
unchanged.
SHARETIPSINFO.COM
Macroeconomic front:
Expressing concern over rising industrial and vehicular pollution in the country, Environment Minister
Prakash Javadekar today said he wanted to make green norms more stringent for the industry and
strengthen regulations for diesel vehicles. The minister, however, told the industry that the government would be "practical" in its approach and business leaders would be consulted before framing any rules in
this regard.
Corporate Front:
A new mutual fund scheme for NRI investors in Oman has been launched by an Indian asset
management company, reported PTI. The mutual fund, Select Micro Cap Series VI launched by
Sundaram Asset Management Company, is for a 42-month period and 75 per cent of the corpus fund will be invested in Indian growth stocks.
Commodity Updates:
Commodity Prices (MCX):
Commodity Rs % Chang
Gold-3 Oct 27082 0.31
Silver-5 Dec 41660 0.63
Crude oil-19 Sep 5676 0.16
Natural Gas-25 Sep 239.10 -0.46
Alluminium-30 Sep 120.65 0.08
Copper-28 Nov 423.30 0.24
Nickel-30 Sep 1102.00 -0.38
Global signals:
European Markets were trading mostly in the red; France’s CAC was down by 0.39%, Germany’s DAX
was down by 0.29% and UK’s FTSE 100 was up by
0.40%.
Asian markets ended mostly in red on Tuesday ahead
of the start of a Federal Reserve policy meeting. The Malaysian market was closed today on account of
‘Malaysia Day’ holiday. China’s stocks tumbled,
sending the benchmark index to the biggest drop since March after foreign direct investment sank to a four-
year low and investors speculated new share sales will
divert funds. China may join other emerging countries in boosting gold reserves as the precious metal makes
up a smaller share of its foreign-exchange holdings
compared with developed economies.
Top Nifty Movers:
The top gainers on Nifty were Dr. Reddys Lab up by 0.88%, United Spirits up by 0.44%, ITC up by
0.41%, Sun Pharma Industries up by 0.37% and Infosys up by 0.27%. On the flip side, Tata Power
down by 6.12%, BPCL down by 4.88%, Lupin
down by 3.88%, PNB down by 3.56% and Tata
Steel down by 3.46% were the top losers. (Provisional)
Top Sectoral & Stock Screening:
The losing sectoral indices on the BSE were Realty down by 3.42%, Power down by 3.26%, PSU down by
3.12%, Infrastructure down by 3.05%, Capital Goods down by 2.70%, while there were no gainers on the
index. (Provisional)