09TH NOV 2017
Husains
MARKET WRAP After opening the day in green, share markets in India witnessed choppy trades and are currently trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the healthcare sector and stocks in the IT sector leading the gains. Stocks in the metals sector are trading in red.The BSE Sensex is trading down by 15 points (down 0.1%), and the NSE Nifty is trading down by 17 points (down 0.2%). Meanwhile, the BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading flat. The rupee is trading at 64.99 to the US$. Benchmark indices extended losses for second consecutive session, with the Sensex falling 151.95 points to 33,218.81.The 50-share NSE Nifty was down 47 points at 10,303.20.About 1,711 shares declined against 1,037 advancing shares on the BSE.
BROAD MARKET INDICES INDEX
CURRENT
OPEN
HIGH
NIFTY 50
10,303.15
10,361.95
10,384.25
10,285.50
10,350.15
-0.45
NIFTY NEXT 50
29,546.85
29,840.15
29,925.00
29,451.00
29,779.30
-0.78
NIFTY MIDCAP 50
5,041.60
5,093.25
5,118.30
5,017.75
5,078.80
-0.73
NIFTY100 LIQ15
4,513.30
4,580.65
4,586.45
4,490.70
4,558.45
-0.99
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LOW
P. Close %CHANGE
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ASIAN INDEX INDEX
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIKKEI 225
22,849.91
22,922.80
22,759.07
22,913.82
-0.10
HANG SENG
28,950.50
29,123.44
28,885.07
28,907.60
-0.30
TAIWAN
10,839.44
10,844.74
10,806.01
10,840.34
-0.20
SSE
3,409.15
3,434.49
3,404.88
3,413.57
0.04
INDIAN MAJOR SECTORAL INDICES INDEX
CURRENT
OPEN
HIGH
NIFTY BANK
25,184.35
25,375.80
25,435.60
25,119.50
25,300.80
-0.46
NIFTY FIN SERVICE
10,358.45
10,427.30
10,464.80
10,339.85
10,418.75
-0.58
NIFTY IT
11,245.90
11,227.70
11,306.45
11,197.60
11,172.10
0.66
NIFTY PHARMA
9,494.95
9,553.05
9,659.25
9,483.40
9,469.75
0.27
Contact No. +91-903-977-7700
LOW
P. Close
%CHANGE
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STOCK UPDATE Demonetization helped raise liquidity, turned many small & midcap stocks into multibaggers We have completed one year of a surgical strike on black money called demonetisation. The move reaped flowers of appreciation and thorns of criticism, for its intent to curb black money but also derailing economic activities for a short period of time. Whatever the repercussions on other parts of the economy, the equity market is going to celebrate the one-year anniversary of DeMo, as it was called, with more than 25 percent return. What has changed post demonetisation is very interesting from Indian equity market’s perspective; Even after a significant fall in foreign institutional inflows (FII) the market didn’t slip. The downpour of domestic institutional inflows (DIIs) was enough to keep up the turgidity of the index, which blatantly asserts Indian markets have abandoned FII crutches. Statistically, there is a clear visibility of change in DII’s trend, where there were around net Rs 23,000 crore of inflows from November 15 to October 16, an inundation of a 1 lakh-crore was observed by them post demonetisation till the month gone by. FIIs, on the other hand, were the net sellers of around Rs 55,000 crore. However, the market was indifferent, and escalated to new heights with more than 25 percent of return during this period. We can analyse only DIIs figure in terms of domestic liquidity available from exchanges but high net worth individuals (HNIs) flows also played very important role in Indian equity market post demonetisation where we have seen a huge demand for many IPOs in last one year from HNI as well as the retail side.
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STOCK UPDATE If we check the headline index then we can say there is more than 25 percent rally in the market but last year was attributed to Midcap and Smallcap stocks where the market had a long list of many stocks which became multibaggers in last one year. The question is how demonetisation turned the domestic liquidity tap on to provide a flow to Indian equity market? We can figure out that cash which remains trifling at homes, piggy bank or vessels inter alia have been channelized into financial system where investors preferred financial asset against physical asset as a most liquid and growth-oriented asset class. The data from RBI indicates almost 99 percent of the demonetized money has come back into the system and some part of it is flowing into Indian equity market through mutual fund and direct equity route. The curb on parallel black economy shall contribute to higher market cap in all sectors with more companies shall start working completely in white and shall gradually come for listing on exchanges.
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CASH CALL BUY TECH ABOVE 490 TGT 495/500/505 SL 480
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