Markets under Pressure on the Eve of Union Budget Tomorrow

January 31, 2017 - 04:46:13 PM

Post-Market

Indian benchmark index Nifty opened flat from yesterday’s close of 8633. Selling was witnessed as overnight Global Markets showed weakness on US President Policies on immigration hit investor sentiment. Nifty fell 80 points from the day high of 8632 and making low of 8552, before closing at 8561.

Bank Nifty opened gap down by 52 points from yesterday’s close of 19585 making a high of 19624 and low of 19435 thereby trading in a range of 189 points before closing at 19515. Small cap index saw selling pressure as the index lost almost 90 points from its previous close of 6392 to close at 6302. Small Cap Index made a high of 6404 and a low of 6297, trading in a range of 107 points.

 

Economic Survey was tabled in Parliament today and markets were unmoved as it prepares for Union Budget tomorrow. After market hours ICICI bank results were announced and Asset quality was on the lower side of expectations and the stock is expected to be under pressure as it opens for trading tomorrow.

Infratel, Grasim, TCS, HCL Tech, Tech Mahindra are among the top losers today.

 

 

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Top Nifty Gainers

 

Symbol LTP % Traded Value Open High Low Prev.
    Change Qty (in Lakhs)       Close
IDEA 110.15 12.74 28,30,35,940 3,11,849.00 101.2 119 97.8 97.7
INDUSINDBK 1,250.65 0.88 12,83,456 16,026.52 1,244.05 1,254.90 1,236.55 1,239.70
ITC 258.2 0.82 99,95,091 25,790.33 256.2 259.95 254.6 256.1
BHARTIARTL 348.5 0.82 1,05,49,487 36,788.17 349.05 353 343.05 345.65
POWERGRID 207.15 0.7 42,71,417 8,862.76 205.5 209.25 204.45 205.7
YESBANK 1,397.00 0.58 23,15,136 32,219.98 1,388.00 1,400.00 1,381.05 1,389.00
BAJAJ-AUTO 2,838.30 0.47 9,01,980 25,776.06 2,821.10 2,919.00 2,789.30 2,825.05
TATASTEEL 463.5 0.31 45,43,406 21,146.37 460.2 471.4 460.1 462.05
MARUTI 5,899.95 0.08 3,74,637 22,112.54 5,889.00 5,934.90 5,875.50 5,894.95
HINDUNILVR 854 0.05 12,10,097 10,362.18 856 862.9 851.25 853.55
 

 

 

Top Nifty Losers

 

Symbol LTP % Traded Traded Value Open High Low Prev.
    Change Qty (in Lakhs)       Close
INFRATEL 293 -10.86 1,70,47,263 50,308.18 333 333 282.7 328.7
GRASIM 910 -6.14 36,55,816 33,990.31 956.2 967.55 906.75 969.55
TCS 2,232.00 -4.33 23,32,842 52,290.65 2,320.00 2,332.05 2,200.05 2,332.90
HCLTECH 804.7 -4.23 48,22,173 39,050.92 835.25 837.3 787.1 840.25
TECHM 454 -3.73 78,04,472 35,363.62 484.7 484.7 425.5 471.6
GAIL 466.6 -3.57 77,55,213 36,461.91 481 481.5 465 483.85
BPCL 681.5 -3.29 22,73,652 15,652.96 705.5 705.5 677.05 704.65
ADANIPORTS 293.7 -2.94 38,59,711 11,509.27 303.5 305.95 292.5 302.6
SUNPHARMA 630.75 -2.17 19,25,782 12,244.51 644.5 649 630 644.75
INFY 929.4 -2.1 1,20,33,668 1,11,319.85 941.5 941.5 904.35 949.35
 

 

 

Dynamic Sector Performance 31st January 2017

All the sectors were in the negative territory today. Fertilisers, Defence, Energy-Oil & Gas, Auto –Tyres & Tubes, Banks-PSU, IT, FMCG- Beverages, Infra-Construction, Engineering & Materials, Chemicals, Financial Services-NBFC, Auto-Automobiles & Auto Parts, Financial Services were down by more than 1% today.

 

A quick View of the Sectors

SECTOR % CHANGE TODAY
FERTILISERS -1.82%
DEFENCE -1.78%
ENERGY-OIL & GAS -1.74%
AUTO-TYRES AND TUBES -1.51%
BANKS-PSU -1.45%
IT -1.34%
FMCG-BEVERAGES -1.34%
INFRA-CONSTRUCTION ENGINEERING AND MATERIALS -1.32%
CHEMICALS -1.28%
FINANCIAL SERVICES-NBFC -1.25%
AUTO-AUTOMOBILES AND AUTO PARTS -1.18%
FINANCIAL SERVICES -1.11%
FOOTWEAR -1.02%
ENTERTAINMENT-HOTELS AND LEISURE -0.99%
AUTO-AUTO ANCL AND COMPONENTS -0.99%
INFRA-MACHINERY EQUIPMENT -0.98%
FMCG-SUGAR -0.83%
MEDIA -0.81%
FMCG-FOOD -0.53%
BANKS-PRIVATE -0.51%
FMCG -0.46%
FMCG-PACKAGING -0.46%
INFRA-POWER -0.45%
INFRA-TELECOM -0.42%
CEMENTS -0.14%
 

 

NSE High Volumes Stock Performer List

 

List of Top Gainers and Losers on 31st January 2017

 

 

TOP GAINER   TOP LOSER
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
RAMCOCEM 705.7 5.59 CEMENTS   SHRIRAMCIT 1895.25 -6.49 FINANCIAL SERVICES-NBFC
BAJAJHLDNG 2008.45 3.85 FINANCIAL SERVICES-NBFC   MUTHOOTFIN 306.6 -4.2 FINANCIAL SERVICES-NBFC
CUB 149.5 3.14 BANKS-PRIVATE   DCMSHRIRAM 265.5 -3.96 DIVERSIFIED-SUGAR AND GAS
FINPIPE 495.15 1.97 REALTY-HOUSEHOLD   JUBILANT 670.1 -3.58 PHARMA
DHAMPURSUG 177.35 1.9 FMCG-SUGAR   SARDAEN 234.65 -3.56 METALS AND MINING
SUNDRMFAST 318.35 1.71 AUTO-AUTO ANCL AND COMPONENTS   NBVENTURES 113.7 -3.52 INFRA-POWER
SHK 320.55 1.36 FMCG   GUJALKALI 374 -3.45 CHEMICALS
CANFINHOME 1855 1.32 FINANCIAL SERVICES-NBFC   UCALFUEL 184.2 -3.41 AUTO-AUTO ANCL AND COMPONENTS
RAMCOIND 202.05 1.2 REALTY-HOUSEHOLD   JBMA 245.4 -3.39 AUTO-AUTO ANCL AND COMPONENTS
SUNTECK 245.6 1.09 REALTY   SREINFRA 87 -3.23 FINANCIAL SERVICES-NBFC
NILKAMAL 1642.9 0.77 REALTY-HOUSEHOLD   NATIONALUM 74.95 -3.22 METALS AND MINING
OBEROIRLTY 310 0.76 REALTY   GHCL 277.5 -2.99 CHEMICALS
CHOLAFIN 1029.85 0.75 FINANCIAL SERVICES-NBFC   LLOYDELENG 265.15 -2.99 REALTY-HOUSEHOLD
BAJAJFINSV 3229 0.73 FINANCIAL SERVICES-NBFC   GEOMETRIC 251.5 -2.97 IT
HERITGFOOD 991 0.7 FMCG-FOOD   DEEPAKFERT 251.5 -2.91 FERTILISERS
APLAPOLLO 1051.7 0.58 INFRA-MACHINERY EQUIPMENT   WSTCSTPAPR 134.5 -2.78 PAPER
TIMETECHNO 87.6 0.57 FMCG-PACKAGING   MAHSEAMLES 272.95 -2.59 METALS AND MINING
MANPASAND 630.3 0.55 FMCG-BEVERAGES   GMDCLTD 117.3 -2.57 METALS AND MINING
MEGH 44.7 0.34 CHEMICALS   NAHARINDUS 123.9 -2.56 TEXTILES AND APPAREL
KWALITY 137.65 0.33 FMCG-FOOD   JMFINANCIL 68.75 -2.55 FINANCIAL SERVICES
FINCABLES 438.8 0.3 INFRA-TELECOM   MANAPPURAM 78.55 -2.54 FINANCIAL SERVICES-NBFC
BLUESTARCO 528.6 0.3 REALTY-HOUSEHOLD   TATASPONGE 592 -2.53 METALS AND MINING
BAJAJELEC 240.75 0.23 REALTY-HOUSEHOLD   TRIVENI 71.75 -2.45 FMCG-SUGAR
TATAMETALI 360.25 0.19 METALS AND MINING   SMLISUZU 1187 -2.42 AUTO-AUTOMOBILES AND AUTO PARTS
SUDARSCHEM 338 0.18 CHEMICALS   QUICKHEAL 267.25 -2.39 IT
JKLAKSHMI 372 0.12 CEMENTS   DEEPIND 305.4 -2.38 ENERGY-OIL & GAS
TVSSRICHAK 3204 0.12 AUTO-TYRES AND TUBES   JKCEMENT 721 -2.28 CEMENTS
ATUL 2274.95 0.05 CHEMICALS   EIDPARRY 281.8 -2.25 FMCG-SUGAR
IIFL 295.85 0 FINANCIAL SERVICES   GICHSGFIN 292.7 -2.25 FINANCIAL SERVICES-NBFC
 

 

Hot Picks of the Day

 

Banks eyeing the Budget with Hopeful Sight: With the Union Budget 2017 just around the corner, Banking stocks are on a roll. The Bank Nifty, the barometer of banking stocks, has gained 11% since its December low of 17655.55 on 26th to settle at 19585.25 on January 30th 2017 in the anticipation of budgetary stimulus to keep demons of demonetization at bay. This is as compared to 9% rise in the Nifty50 Index. Like all the other sectors, even banks have some hopes pinned on the upcoming Budget.Read more...

 

Auto Companies and Auto Multibaggers counting on Budget: It’s Budget again around the corner and Auto sector has pinned their hopes on it. In the previous Budget, 1 per cent service charge was implied on purchase of luxury cars over Rs. 10 lakh and SUVs and 4% high capacity tax for SUVs made Luxury cars more expensive. The boost came from the rolling out of GST which is due in July.

Since the last Budget, Nifty Auto have surged 40% securing its place in the top three after Nifty Metal which rallied 91% and Bank Nifty which surged 43% since Budget. Auto Index held on to its position until last week after Nifty Finance claimed the first place, displacing Auto to the fourth in line.Read more...

 

LIC curtails holdings in Tata Group, most in Tata Chem: Life Insurance Corporation of India (LIC) has curtailed its holdings in Tata group firms, dreading that a potentially long legal battle between Tata Sons Ltd and its ousted chairman Cyrus P. Mistry will reduce its investments. Foreign portfolio investors (FPIs) and mutual funds have been more buoyant, with the latter growing their ownership in 12 Tata group firms and cutting their stake in seven.

 

The Story:

Twenty-seven Tata group firms are listed. In the December quarter, state-run LIC, India’s biggest investor, cut its stakes in seven out of the 11 Tata group firms it owns stakes in. Read more...

 

Top News of the Day

 

Natco Pharma gains on correctable observations by USFDA

 

V-Guard Industries Rises on 2:5 Bonus Issue

 

Shriram City Dips on Reporting 9% Decline in Net Profit

 

Vedanta Resources Raises $1 bn by Selling Bonds

 

JK Cement Trades On the Brighter Side

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