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Daily Market Commentary : 23rd March. 2017

After witnessing an over 300-point crash on the Nifty on Wednesday, the market on Thursday ended the day on a positive note.

NSE Nifty closed at 9086 levels, up by 55 points or 0.6%, while BSE Sensex closed at 29,332 levels, up by 164 points or 0.5%.

Yes Bank was the top Nifty gainer whereas, TCS was the top Nifty loser in Thursday’s trading session.

While, BSE Mid-cap Index closed up 0.9% at 13853 whereas, BSE Small-cap Index closed up 0.9% at 14027.

BSE Metal index was sizzling on Thursday’s trade, with Vedanta Steel contributing majorly to the index gains lifting it to higher levels

Vedanta Steel closed at Rs 2 per share down by Rs 5.4 or 2%, While Hindustan Zinc closed at Rs 320.3 per share down by Rs 8 or 2.7%.

SOM Distilleries and Breweries closed at Rs 145 per share, up by Rs 24 per or 19%.

ITI closed at Rs 68.5 per share, up by Rs 11 or nearly 19%.

TVS Srichakra closed at Rs 3771.9 per share, up by Rs 434 or 12%.

Sharda Motor Industries closed at Rs 1934 per share, up by Rs 211 per share or 12.2%.

There were 1059 advances, 563 declines and 304 unchanged stocks on NSE, reflecting bullish undertone floating in the market.

The rupee was trading at 65.52 per US dollar.

Top 5 Nifty Gainers: Yes Bank (3.27%), Tata Motors (2.47%), NTPC (2.33%), GAIL (2.10%) and Wipro (1.84%).

Top 5 Nifty Losers: TCS (-0.85%), Eicher Motors Ltd. (-0.82%), ITC Ltd. (-0.71%), Bosch Ltd.

(-0.52%) and Hindustan Unilever Ltd. (-0.51%)

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Daily Market Commentary : 23rd March. 2017

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