Daily Archives: Friday August 11th, 2017

Week ended with declines

Recession Chart

The domestic market has seen a decline for the fifth consecutive day. Sensex and Nifty have been weakened by 1 per cent. The Sensex was rolled up to 31128, while the Nifty dived to 9685.55, in the atmosphere of weakness. BSE’s 30-share index Sensex closed 318 points, or 1 per cent, at 31,213.5 level. NSE’s 50-share index Nifty closed at 109.5 points, i.e. 1.1 percent, at 9711 level.

Mid-caps and smallcap stocks have seen good recovery. BSE’s mid-cap index closed 0.2 percent down around 14725. In today’s business, the BSE Midcap Index fell to 14485. The mid-cap index of the Nifty closed at around 17360 with a weakness of 0.6 percent. In today’s business, the Nifty’s midcap was rolled up to 100 index 17055. BSE’s smallcap index closed flat at 15065 levels. In today’s business, the BSE’s Smallcap Index was broken up to 14,700.

Today, auto, FMCG, metal, PSU banks and capital goods stocks have been beaten strongly. Nifty’s auto index has fallen 1.4 percent, FMCG Index has 0.8 percent, Metal index has 3.4 percent and PSU Bank index has dropped 4.9 percent. BSE’s Capital Goods index closed 1.2 percent lower.

In today’s business, Hindalco, Vedanta, SBI, Bank of Baroda, Bosch, Mahindra and Mahindra, Reliance Industries, L & T and NTPC have broken down to 7.2-2.2 per cent. However, Dr Reddy’s, Arvindo Pharma, Gail, Axis Bank, Tata Motors DVR, Lupine, Wipro and Axis Bank have closed up by 3.5-0.6% in the giants.

Central Bank, TVS Motor, Union Bank, Adani Power and Berger Paints have been closed down by 10.7-4.2 per cent in mid-cap stocks. In smallcap stocks, Signature Tech, Indo Count, Precision Camshafts, Sanghvi Movers and Jaiprakash Associates have slipped down to 17.9-8.8 per cent.

SET junked SEBI on second day


The order to lift restrictions on two more companies

Mumbai: The 331 companies, which were banned by the capital market regulator Sebi as a mask, had been banned from trading this week, SEBI is constantly shocked. Securities Appellate Tribunal (SAT) on Friday ordered SEBI to lift the ban on Parsvnath Developers and Cavit Industries. This has tremendous panic in the market over the action of SEBI and people are accusing Sebi only.

Explain that SEBI had banned the above mentioned companies as a mask and had banned trading on them, so that 36 lakh investors were trapped in the amount above Rs 10,000 crore. Against the SEBI order, some companies had turned to SAT, in which SAT had ordered the ban on two companies, J Kumar Infra and Prakash Industries on Thursday. On Friday, SAT again took the hearing and then ordered the removal of the ban from two companies. This incident has come in the SEBI.

Explain that the companies which Sebi has taken action are listed on the market and constantly upload their annual balance sheets and reports on the exchanges. However, SEBI suddenly told them this week as a mask and due to SEBI this week, the stock market has dropped nearly 800 points, thereby saving investors Rs 4 lakh crore in the form of market capitalization.

On Friday, SAT told the exchanges after the hearing that they should lift the ban on these two companies, after which they are likely to start trading on Monday. During this hearing, SAT also said that SEBI, Stock Exchange and Corporate Ministry can investigate the allegations of operating these companies. Analysts of the market have called SEBI’s banned move to be completely bankrupted.