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Markets rise half a percent as FPIs raise stake in HDFC Bank

Market Snapshot  |  17-Feb-2017 04:24 PM

Benchmark indices jumped near their respective 5-month highs after gains in key private banks HDFC Bank and ICICI Bank supported sentiments.

HDFC Bank shares zoomed after RBI removed the bank shares from foreign portfolio investment (FPI) ban list as the aggregate foreign shareholding had dipped below prescribed limits. The stock pared its gains after RBI restored the ban as the foreign investment ceiling of 74% was breached again.

Among NSE benchmarks, indices representing Pharma and financial counters topped the list. IT counters were under selling pressure.

Globally, US, Asian and European markets were mostly in red.

Back home, the market breadth on the BSE closed in positive. Advancing and declining stocks were 1495 and 1467 respectively, while 228 scrips remained unmoved.

The S&P BSE Sensex ended at 28468.75, up 167.48 points or 0.59%. The 30 share index touched a high and a low of 28726.26 and 28410.91 respectively. 15 stocks advanced against 15 declining ones on the benchmark index.

The Nifty 50 gained 43.70 points or 0.50% to settle at 8821.70. The index touched high and low of 8896.45 and 8804.25 respectively. 28 stocks advanced against 22 declining ones on the index.


S&P BSE Sensex

Nifty 50

The S&P BSE Mid-cap index moved up to 13422.89 and gained 0.53% while S&P BSE Small-cap index jumped up by 0.40% to 13467.64.

The broader S&P BSE 500 index increased to 12068.00 (up 0.51%) and Nifty 500 index rose to 7638.00 (up 0.51%).

The volatility as denoted by INDIA VIX lost 2.18% at 13.43 from its previous close of 13.73 on Thursday.

Sectors in action

On the BSE Sectorial front, Healthcare (up 1.64%), Oil & Gas (up 1.38%), Finance (up 1.24%), Banks (up 1.21%) and Energy (up 1.07%) were the top gainers.

Information Technology (down 1.02%), Technology, Media & Telecom (down 0.86%), Metals (down 0.68%), Telecom (down 0.30%) and Consumer Discretionary (down 0.14%) were the top losers.

The Angels and the Devils

Sun Pharmaceutical Industries Ltd (up 4.03%), HDFC Bank (up 3.75%), Cipla Ltd (up 1.58%), Tata Motors Ltd (up 1.53%) and ICICI Bank (up 1.52%) were the top gainers on the Sensex.

Tata Consultancy Services Ltd (down 1.58%), Hero MotoCorp Ltd (down 1.29%), Infosys Ltd (down 1.21%), Wipro Ltd (down 1.10%) and Asian Paints (India) Ltd (down 0.91%) were the top losers on the Sensex.

Benchmark Drivers

HDFC Bank (94.58 points), Sun Pharmaceutical Industries Ltd (28.61 points), ICICI Bank (28.20 points), Infosys Ltd (-23.93 points) and Tata Consultancy Services Ltd (-21.76 points) were the major Sensex drivers today.

On the other end HDFC Bank (23.74 points), Sun Pharmaceutical Industries Ltd (7.29 points), ICICI Bank (7.09 points), Tata Consultancy Services Ltd (-6.83 points) and Infosys Ltd (-5.99 points) were the major Nifty movers today.

Pivot, Supports and Resistance Levels

Nifty 50 is now pivoted at 8841 for next session. The next support is at 8785 and on upside it has a resistance at 8877 levels.

Nifty 50
Eff. Date
S 3
S 2
S 1
PIVOT
R 1
R 2
R 3
Actual Close
20-Feb-2017
8693
8749
8785
8841
8877
8933
8970
-
17-Feb-2017
8673
8696
8737
8761
8801
8825
8866
8821.70
16-Feb-2017
8594
8653
8689
8748
8784
8844
8879
8778.00

S&P BSE Sensex has a pivot at 28535 with first level of support and resistance at 28344 and 28660 respectively.

S&P BSE Sensex
Eff. Date
S 3
S 2
S 1
PIVOT
R 1
R 2
R 3
Actual Close
20-Feb-2017
28029
28220
28344
28535
28660
28851
28975
-
17-Feb-2017
28007
28077
28189
28258
28371
28440
28552
28468.75
16-Feb-2017
27764
27933
28044
28213
28325
28493
28605
28301.27

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Market Stats

As On: 30-Mar-2017 (16:01)

Total Stocks Traded
30
Advances/Declines
14/14
Unchanged
2
Avg. Returns
0.32%
Avg. H-L Spread
1.90%
Market-Cap (Rs. Cr.)
4897083.38
% of Total Exchange M-Cap
41.32%
Change in M-Cap (Rs. Cr.)
13626.30
Total Volume
1,62,29,090.00
Advancing Volumes
99,67,475.00
Declining Volumes
62,61,615.00
A/D Volumes
61.42%/38.58%
New 52 week Highs
4
New 52 week Lows
30
Avg. Promoter Holding
43.64%
Avg. FII Holding
NA
Avg. MF Holding
5.16%
Avg. Ins. Co. Holding
8.03%
Avg. Pledged Shares
2.48%

Adani Ports and Special Economic Zone Ltd
LTP: 338.85 (5.77%)

Oil and Natural Gas Corporation Ltd
LTP: 184.45 (1.34%)

Bharti Airtel Ltd
LTP: 350.65
Vol. Change: (3505.06%)

Tata Consultancy Services Ltd
Market Cap:
481523.33 (In Crs.)

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