Live Markets Commentary
Sify Editors @ 11:05 AM
Weekly Wrap: Sensex, Nifty shed about 0.3% after lackluster sessions
Concerns about geopolitical tensions, weakness in global markets and caution ahead of key results rendered price movements quite sluggish in the Indian stock market during the week ended 21 April 2017.
Recording losses on three of the five sessions, the key indices Sensex and the Nifty50 ended the week slightly lower. While the BSE benchmark ended down 96.15 points or 0.32% at 29,365.30, the NSE barometer declined 31.40 points or 0.34% to 9119.40. Midcap and smallcap stocks saw some strong buying, resulting in the BSE Midcap and Smallcap indices climbing higher by 0.95% and 1.91%, respectively.
NTPC ended 1.3% up, thanks largely to an announcement from the company that its board gave its nod for updating and upsizing the company's medium term notes programme upto $6 billion for raising debt from international markets to part finance the capital expenditure on ongoing and new projects and other permissible end uses.
Reliance Industries (2.6%) had a good week.The stock rallied sharply on Friday after the company said that it is executing major projects in its energy and materials chain at Jamnagar covering Para-Xylene, Cracker complex along with downstream plants and Gasification. The fairly consistent run the stock enjoyed in positive territory in the past one year resulted in Reliance Industries emerging as the most valued company in the Indian market.
In the banking space, HDFC Bank ended nearly 4% up. On Friday, the bank said that its net profit increased 18.25% in the fourth quarter ended March 2017, compared to year-ago period. The ratio of gross NPAs to gross advances stood at 1.05% as on 31 March 2017 as against 1.05% as on 31 December 2016 and 0.94% as on 31 March 2016, while the ratio of net NPAs to net advances stood at 0.33% as on 31 March 2017 as against 0.32% as on 31 December 2016 and 0.28% as on 31 March 2016.
Axis Bank declined by 4.1% and ICICI Bank ended 4.5% down, while State Bank of India eased by about 3%. Yes Bank declined despite reporting a 30.2% jump in net profit in the March 2017 quarter. Concerns about rising bad loans weighed on the stock.
|Cities||Gold (10g)||Silver (1Kg)|
|Chennai||Rs. 42731.00||Rs. 30352.94|
|Mumbai||Rs. 42731.00||Rs. 30866.31|
|Delhi||Rs. 42731.00||Rs. 30481.28|
|Kolkata||Rs. 42731.00||Rs. 30737.97|
|Kerala||Rs. 42731.00||Rs. 29946.52|