[ad_1]
The major indices opened flat this week and closed with some gain.
On Monday, the indices opened in green and ended with loss. On the Bombay Stock Exchange (BSE), 1,431 stocks advanced, 2,120 declined and 153 remained unchanged with advance decline ratio of 0.675, indicating weakness in broader markets.
On NSE, 51 securities advanced and closed at new 52 week high whereas 29 securities sank to close at their new 52-week lows. In sectorial indices Nifty Metal and Nifty PSU Bank were the biggest losers whereas Nifty Pharma and Nifty Healthcare were the only gainers. The broader market indices BSE Midcap and BSE Small cap declined 1.24% and 0.54% respectively.
Rupee ended at 81.87/$ as compared to Friday’s close of 81.34/$.
UK September final manufacturing PMI was at 48.4 as compared to 47.3 in August.
Godrej Agrovet promoters bought 6,921 shares through open market. Man Infraconstruction promoters bought 50,000 shares through open market. Alicon Castalloy key managerial personnel sold 10,134 shares through open market. Sun Pharmaceutical Industries Director sold 34,000 shares through open market. Godrej Properties promoters bought net 40,000 shares through open market.
On Tuesday, the indices opened gap up and ended with big gains. On the Bombay Stock Exchange (BSE), 2,850 stocks advanced, 855 declined, and 129 remained unchanged with advance decline ratio of 3.33 indicating major strength in broader markets.
On NSE, 50 securities advanced and closed at new 52 week high whereas 15 securities sank to close at their new 52-week lows. All sectorial indices closed in green with Nifty Private Bank and Nifty Metal being the biggest gainers while Nifty Consumer Durable and Nifty Pharma gained the least.
Rupee closed at 81.52/$ as compared to 81.87/$.
Banswara Syntex promoters sold 67,964 shares through open market. Dr. Lal Path Labs Ltd. Key management person (KMP) sold 1,200 shares through open market. Sun Pharmaceutical Industries immediate relative sold 1,500 shares through open market. DCW promoters bought 715,524 shares through open market. Godrej Agrovet promoters bought 2,798 shares through open market.
CCI has approved Zee Sony merger conditionally. Both parties need to comply and ensure no misuse of dominant market share position by Zee Sony.
KEC international has received around Rd 2,000 crore order from Railways and has guided for revenue growth of 15%.
On Thursday, the indices opened gap up, and ended with gain. On the Bombay Stock Exchange (BSE), 2,362 stocks advanced, 1,096 declined, and 125 remained unchanged with advance decline ratio of 2.15 indicating higher closing of most of the stocks.
On NSE, 68 stocks advanced and closed at new 52 week high whereas 8 stocks sank to close at their new 52-week lows. In sectorial indices, Nifty FMCG and Nifty Pharma were the biggest losers whereas Nifty Metal and Nifty Media were the biggest gainers. The broader market indices outperformed their larger peers with BSE Midcap and BSE Small cap ending 1.13% and 1.3% higher respectively.
Rupee ended at 81.88/$ as compared to Tuesday’s close of 81.52/$. European Union has formally approved 8th round of sanctions on Russia.
India September Services PMI was at 54.3 as compared to 57.2 in August. The Composite PMI was at 55.1 as compared to 58.2 in August. Overall, the PMI was in contraction mode on m-o-m basis.
Canara Bank will hike lending rates by 15 bps across tenure from 7 October. It will hike repo linked lending rates by 50 bps to 8.80%.
GNA Axles promoters bought 1,100 shares through open market. Geojit Financial Services promoters sold 140,000 shares through open market.
On Friday, the indices opened gap down and ended in red. On the Bombay Stock Exchange (BSE), 1,951 stocks advanced, 1,502 declined, and 100 remained unchanged with advance decline ratio of 1.29.
On NSE, 60 stocks advanced and closed at new 52 week high whereas 12 stocks sank to close at their new 52-week lows. In sectorial indices, Nifty Oil & Gas and Nifty IT were the biggest losers whereas Nifty Consumer Durables and Nifty Media were the biggest gainers. The broader market indices fared better as compared to their larger peers with BSE Midcap ending 0.15% down whereas BSE Small cap ending ended with gain of 0.30%.
Rupee decline by Rs 1 this week and closed at 82.32/$.
Tata Steel Q2FY22-23 India business production was up 1.7% and Europe production was down by 6.3%. Tata Steel Long Products Q2FY22-23 crude steel output declined 8% to 1.61 lakh tonnes.
Godrej Agrovert promoter bought 3,500 shares from open market. Star Cement Promoters sold 41,852 shares through open market. Banswara Syntex Promoters sold 145,825 shares through open market. Just Dial Immediate relative bought 17,500 shares through open market.
General Insurance company September premium data suggested weak growth as standalone health insurers grow 27%. ICICI Lombard premium was up by 2% and New India Assurance premium was down by 15%.
The Life Insurance Industry September data was good but private players suffered and LIC gained. Except for Max Life, all private insurance companies suffered a drop in premium. In retail APE all insurers saw decline except for HDFC Life. HDFC Life’s September premium declined by 21% y-o-y and was up 5% m-o-m.
[ad_2]
Source link
