Tuesday, 22 March 2016

Equity Market Updates: Smart recovery! Nifty settles above 7700

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Closing bell:

The BSE Sensex ended with a gain of 45 points at 25,330. The BSE Sensex opened at 25,331 touched an intra-day high of 24,372 and low of 25,084.

The NSE Nifty closed with a gain of 11 points at 7,715. The NSE Nifty opened at 7,696 hitting a high of 7,722 and low of 7,644.

The Indian Rupee was trading down by 14 paise at 66.67 per US dollar.
On the global front, China's Shanghai Composite index closed down 0.60% and Hang Seng ends marginally lower.On the global front, China's Shanghai Composite index closed down 0.60% and Hang Seng ends marginally lower.

European shares fell in early trading with travel and leisure stocks leading the market lower after explosions hit the airport in Brussels. The FTSE 100 marginally down 0.5%. On the other hand, DAX gained 1.2% and the CAC 40 trading lower by 0.5% each.

Tata Power,  BHEL, Bosch, Vedanta, Tata Steel, Hero MotoCorp, M&M, HDFC, Hindalco and TCS were among the gainers on NSE, whereas Dr.Reddy's, ITC, Tech Mahindra, Adani Ports, HUL, Ambuja Cement and ACC were among the losers today.

Daily Equity Market Strategy – Nifty slips below 7700

At 9:34 AM, the S&P BSE Sensex is trading at 25,242 down 43 points, while NSE Nifty is trading at 7,683 down 21 points.

The BSE Mid-cap Index is trading up 0.28% at 10,473, whereas BSE Small-cap Index is trading down 0.21% at 10,470.

BHEL, Lupin,  Sun Pharma, Tata Steel, M&M, Coal India, Maruti Suzuki and RIL are among the gainers, whereas Adani Ports, HDFC, Infosys, Wipro, Hero MotoCorp and Asian Paints are losing sheen on BSE.

Some buying activity is seen in capital goods, realty, energy, consumer durables and metal sectors, while IT, fmcg, banking and Teck sectors are showing weakness on BSE. 

The Indian rupee opened marginally down by 6 paise at 66.58/$ on Tuesday as against the previous close of 66.53/$.

Stock Cash Tips with Maruti Suzuki Stock Price

Maruti Suzuki sees sales growing in double digits in FY17 

Maruti Suzuki India, the country's largest carmaker, said it expects sales to grow in double digits in 2016-17, with new models likely to drive growth. 

"In the next fiscal we expect our sales to grow in double digits. As for industry it could be 5-10 percent," Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa told reporters here on the sidelines of JD Power awards.

Maruti Suzuki Stock Price: On March 21, 2016, Maruti Suzuki India closed at Rs 3670.10, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 4789.00 and the 52-week low was Rs 3202.10.

The company's trailing 12-month (TTM) EPS was at Rs 156.32 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 23.48. The latest book value of the company is Rs 784.70 per share. At current value, the price-to-book value of the company is 4.68.