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Indian Indices: Indian equity
benchmarks traded range-bound in late afternoon session, with Nifty trading
around 10,000 mark. Buying in Metal, Realty and Energy stocks along with
better earnings result, kept the markets up. Sentiments remained upbeat with
report that the government approved an addition of 7.47 lakh new registration
applications under the Goods and Services Tax (GST) regime. Besides, the
report stating that a team of officers, led by the commerce secretary, is
holding detailed consultations with states to clear the bottlenecks that are
hampering exports, also added some optimism. However, traders remained on
sidelines ahead of the July derivatives contract expiry tomorrow and the
outcome from the Federal Reserve meet later in the day.Gangwar further said
that the GST would positively impact the country’s business environment and
help the domestic sectors become more competitive.The Minister of State for
Finance also said that following the GST implementation, the government will
soon come up with an anti-profiteering authority which will help to ensure
the benefit of tax reduction is passed on to consumers.
The BSE
Sensex is currently closed at 32,382.46 up by 154.19 points or 0.48% after
trading in a range of 32226.08 and 32413.63. There were 24 stocks advancing
against 7 stocks declining on the index.The broader indices were trading in
green; the BSE Mid cap index was up by 0.17%, while Small cap index was up by
0.34%.
The
CNX Nifty is currently shut up at 10020, up by 56.10 points or 0.56% after trading in a range of 9965.95 and 10010.80.
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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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Get&D
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392.90
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19.99
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Sparc
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359.85
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9.18
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Jindalstel
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151.55
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8.37
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MMTC
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61.60
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6.39
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Losers
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Renuka
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20.29
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-6.45
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Lakshvilas
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183.35
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-6.02
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Sreinfra
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124.30
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-3.42
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Orientbank
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151.60
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-3.35
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INDEX
PERFORANCE
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Index
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Close
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% Chg
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Sensex
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32,382.46
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0.48
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Nifty
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10,020.65
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0.56
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Crporate Front:The Goa Government has said that the
first phase of Goa's upcoming Mopa international airport will be operational
by May 2020. Commenting on the issue, Chief Minister ManoharParrikar told the
media, "GMR Goa International Airport Limited (GGIAL) has already
started pre-construction work and, as per concession agreement.
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Macroeconomic
front: Leading bourse Bombay Stock Exchange
said that it has joined hands with Egyptian Exchange (EGX) for cooperation in
exchange of information across business areas. In a statement, EGX Executive
Chairman Mohamed Omran said that the exchange aims to cross list and trade
securities that would provide new investment alternatives to investors in
both markets.
On
the global front: On
the global front, European markets were trading in green as investors geared
up for a rate decision from the US Federal Reserve and continued to digest
earnings reports. Asian markets were also trading in green. Back home, in
scrip specific development, Indraprastha Gas (IGL) gained after the company
revised the selling prices of Compressed Natural Gas (CNG) and Piped Natural
Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad. This step has
been taken by the company in order to offset the overall impact on its costs
after transition to GST regime.
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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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28333.00
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-0.51
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Silver
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37984.00
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-0.8
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Crude oil
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3117.00
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0.87
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Natural Gas
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189.70
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0.05
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Alluminium
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123.85
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-0.08
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Copper
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407.50
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0.37
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Top Sectoral& Stock Screening:The top gaining sectoral indices on the
BSE were Metal up by 1.69%, Realty up by 0.92%, Energy up by 0.78%, Utilities
up by 0.77% and Healthcare up by 0.66%, while Telecom down by 0.51%, TECK
down by 0.47% and IT down by 0.30% were the losing indices on BSE.
Top Nifty Movers:The top gainers on Nifty were Vedanta up
by 2.75%, Tata Steel up by 2.56%, Sun Pharma up by 2.13%, IndusInd Bank up by
2.10% and Eicher Motors up by 1.96%. On the flip side, Axis Bank down by
3.03%, Asian Paints down by 1.75%, Zee Entertainment down by 1.60%, ACC down
by 1.47% and HCL Tech. down by 1.23% were the top losers.
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Global Signals:
Asian markets
were trading mostly in green; FTSE Bursa Malaysia KLCI increased 1.36 points
or 0.08% to 1,764.70, Shanghai Composite increased 3.99 points or 0.12% to
3,247.68, Hang Seng increased 88.97 points or 0.33% to 26,941.02 and Nikkei
225 increased 94.96 points or 0.48% to 20,050.16. On the flip side, Taiwan
Weighted decreased 44.04 points or 0.42% to 10,419.11, Jakarta Composite
decreased 22.6 points or 0.39% to 5,790.93 and KOSPI Index decreased 5.39
points or 0.22% to 2,434.51.
All European
markets were trading in green; France’s CAC increased 35.27 points or 0.68%
to 5,196.35, UK’s FTSE 100 increased 46.83 points or 0.63% to 7,481.65 and
Germany’s DAX increased 49.01 points or 0.4% to 12,313.32.
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