Live Markets Commentary
Sify Editors @ 2:00 PM
Week Ahead: Quarterly results, global factors to set the trend
The Indian stock market, which stayed in a tight range for most part of last week, is likely to see some wild swings in the coming week, with traders reacting to crucial quarterly results, trend in global markets and the rupee and crud oil's movements.
Activity ahead of expiry of July series derivatives contracts is also expected to render price movements quite volatile at times.
Maruti Suzuki, Dr Reddy's Laboratories, HDFC, Bajaj Auto, Larsen & Toubro, ICICI Bank, Bharti Airtel, ACC, Ambuja Cements and Asian Paints will announce their quarterly results next week.
Zee Entertainment Enterprises, Bharti Infratel, Eicher Motors and Yes Bank are some of the other top notch companies that are scheduled to announce their results next week.
Sify Editors @ 11:30 AM
Weekly Wrap: Sensex declines marginally after choppy sessions
The Indian stock market stayed quite sluggish for most part of the week ended 22 July 2016, with investors largely staying away on the sidelines, looking for prominent triggers.
Global cues were not any encouraging and results from India Inc were mixed. Activity was mostly stock specific.
The BSE benchmark Sensex ended the week at 27,803.24, losing 33.26 points or 0.11%, while the Nifty50 of the National Stock Exchange closed at 8541.20, little changed from previous week's closing level. Midcap and smallcap stocks outperfromed the big ones. The BSE Midcap index climbed 1.25%, while the Smallcap index gained 1.06%.
After opening on a buoyant note and trading firm on the back of better than expected results from Reliance Industries and on hopes the government will get the GST Bill and other key reforms passed during the monsoon session of parliament, the market slipped into the red and closed with modest losses on Monday. While the Sensex closed down 89.84 points, the Nifty50 ended 32.70 points.
The market closed marginally higher on Tuesday, thanks to some brisk buying in closing minutes. Activity was mostly stock specific with investors tracking quarterly earnings reports and other corporate news for direction. The Sensex ended up 40.96 points and the Nifty50 closed 19.85 points up.
On Wednesday, the market closed notably higher, tracking fairly positive global cues. Strong results from technology major SAP and expectations that the government will muster enough support to pass the GST Bill during the monsoon session of parliament and also speed up more reforms kept the undertone quite firm right through the session. While the Sensex closed with a gain of 128.27 points, the Nifty50 gained 37.30 points.
|Cities||Gold (10g)||Silver (1Kg)|
|Chennai||Rs. 31304.81||Rs. 47420.00|
|Mumbai||Rs. 32695.19||Rs. 47420.00|
|Delhi||Rs. 31764.71||Rs. 47420.00|
|Kolkata||Rs. 32438.50||Rs. 47420.00|
|Kerala||Rs. 30481.28||Rs. 47420.00|