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
Top Nifty Losers
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|
|ENERGY-OIL & GAS||-1.74%|
|AUTO-TYRES AND TUBES||-1.51%|
|INFRA-CONSTRUCTION ENGINEERING AND MATERIALS||-1.32%|
|AUTO-AUTOMOBILES AND AUTO PARTS||-1.18%|
|ENTERTAINMENT-HOTELS AND LEISURE||-0.99%|
|AUTO-AUTO ANCL AND COMPONENTS||-0.99%|
NSE High Volumes Stock Performer List
List of Top Gainers and Losers on 31st January 2017
|TOP GAINER||TOP LOSER|
|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|
|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|
|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|
|NILKAMAL||1642.9||0.77||REALTY-HOUSEHOLD||NATIONALUM||74.95||-3.22||METALS AND MINING|
|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|
|BLUESTARCO||528.6||0.3||REALTY-HOUSEHOLD||TATASPONGE||592||-2.53||METALS AND MINING|
|TATAMETALI||360.25||0.19||METALS AND MINING||SMLISUZU||1187||-2.42||AUTO-AUTOMOBILES AND AUTO PARTS|
|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|
|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.
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...
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