@ALLIESFIN9 :
MRKt SNAPs 7 DAy GAININg STREAk...!!!
Indian equity benchmarks ended the choppy day of trade marginally in red, amid weakness in Asian peers, after the US central bank dashed investor hopes for a more dovish policy outlook. That marked an end to a rally in the markets that lasted for seven sessions in a row. Key bourses started on a weaker note, as traders remained concerned with the US think-tank National Bureau of Economic
Research’s (NBER) report that the November 2016 demonetisation impacted economic activity in the country in the immediate aftermath, affecting the Gross Domestic Product (GDP) numbers for that fiscal, while the measure's impact had dissipated by the summer of the following year. Some cautiousness also came with the World Bank’s latest report stating that India lost a staggering $86.1 bn, equivalent to over 4% of its GDP, owing to distortions in the power sector in 2016. It added that although India has achieved 100% village electrification earlier this year, 178 mn Indians still remain unconnected to the grid as per figures for 2017.
However, key indices have recovered sharply from their low points, due to some buying witnessed in Capital Goods and Auto stocks.
BSE Sector:
Gainers: Capital Goods, Industrials, Auto, Oil & Gas, CDGS, Healthare, Finance
Losers: Telecom, Metal, Basic Materials,
FMCG, Power, Utilities, Realty, Teck, Bankex, Energy, Consumer Durables, IT
T.ME/ALLIESFIN
BEATINg tHe STREEt (Nifty): Gainers were YesBk, HPCL, BPCL, UPL, AsianPaints, HeroMoto, M&M, TataMtors, IOC, SunPharma, LT, KotakMah.
ExPECTATIOn BELIEd (Nifty): Losers were Grasim, SBI, Wipro, Vedanta, Airtel, Maruti, GAIL, Hindalco, AxisBk, ICICIBk, UltraTechCement, Cipla.
By: via @AlliesFin Serve T.ME/ALLiESFiN
