Live Markets Commentary
Sify Editors @ 4:30 PM
Week Ahead: Markets to track quarterly results for direction
Stock price movements are likely to be quite volatile at times next week, with several top notch companies scheduled to announce their second quarter results, and a slew of economic data due from across the globe.
Also, the near month derivatives contracts expire on Thursday (October 27) and this could result in some wild swings in prices of a few front line stocks.
On the results front, HDFC, Tech Mahindra, Zee Entertainment Enterprises, Indian Oil Corporation, Grasim Industries, IDFC, Nestle India, NTPC, Vedanta, Hindustan Unilever, ITC, HDFC Bank, Bharti Infratel, Bharti Airtel, Idea Cellular, Asian Paints, ICICI Prudential Life Insurance, Axis Bank, Kotak Bank, IDFC Bank, IDBI Bank and Dabur India will report their earnings.
Adani Group companies Adani Power, Adani Enterprises, Adani Transmission and Adani Ports & Special Economic Zone will announce their results.
Sify Editors @ 10:30 AM
Weekly Wrap: Sensex gains 1.5%
The Indian stock market saw some hectic buying during the week ended 21 October 2016, as fairly positive global markets, some good second quarter earnings reports from India Inc and expectations about GST roll-out from April next year, helped keep investor sentiment a bit bullish.
The BSE benchmark Sensex ended the week with a gain of 403.58 points or 1.46% at 28,077.18. The Nifty50 of the National Stock Exchange closed up 109.65 points or 1.28% at 8693.05. With several stocks from midcap and smallcap segments rallying sharply, the BSE Midcap and Smallcap indices gained 1.36% and 1.94%, respectively.
The market started the week on a negative note, as stocks retreated on Monday after a slightly positive start. Asian markets exhibited a mixed trend and major European markets opened weak, with investors looking ahead to the European Central Bank's monetary policy meeting later this week. Fears about an imminent US interest rate hike weighed as well. The Sensex ended down 143.63 points on that session, while the Nifty50 declind 63 points.
The market saw one of its best sessions in recent months on Tuesday, as the bulls, after storming the ring on positive lead from Asian markets, turned aggressive as the session progressed, lapping up stocks from across various sectors. Hopes about GST roll-out from next financial year, a stronger rupee, positive European markets and a rebound in crude oil prices helped keep the undertone upbeat right through the session. The Sensex ended up 520.91 points and the Nifty50 rose 157.50 points as several front line stocks held their gains on sustained buying interest.
On Wednesday, the market ended lower after a choppy ride amid stock specific activity. Investors, looking ahead to key earnings reports and the outcome of the ECB meeting, treaded cautiously and largely refrained from making significant moves. The Sensex and the Nifty50 declined by 66.51 points and 18.80 points, respectively.
The market ended on a firm note on Thursday, despite staying a bit sluggish at times amid cautious moves. The Sensex ended up 145.47 points and the Nifty50 rose 40.30 points.
|Cities||Gold (10g)||Silver (1Kg)|
|Chennai||Rs. 30460.00||Rs. 42130.00|
|Mumbai||Rs. 31582.89||Rs. 42130.00|
|Delhi||Rs. 31016.04||Rs. 42130.00|
|Kolkata||Rs. 31262.03||Rs. 42130.00|
|Kerala||Rs. 30320.86||Rs. 42130.00|