We had mentioned in Wednesday’s closing report that NSE, Sensex might head higher if today’s low holds. The major indices of the Indian stock markets closed with gains over Wednesday’s close. On the NSE, there were 853 advances, 889 declines and 332 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
As many as 31 stocks declined in the Nifty 50 index while 17 stocks advanced and two remained unchanged. In BSE Sensex, 17 stocks including Tata Motors, ITC, TCS were trading in green while 13 stocks including Coal India, Tata Steel, Yes Bank were trading in red. On Thursday, Asian indices were showing mostly a negative trend. Japan's Nikkei 225 was quoting in red, down by 0.76% while Hang Seng was also trading in red, down by 0.45% and South Korea's Kospi was down by 0.30%. China's Shanghai Composite was also trading red, down by 0.06%. Overnight, Nasdaq closed in red, down by 0.93% while FTSE 100 was up by 0.17% at the closing on Wednesday.
Automobile major Maruti Suzuki India introduced the new WagonR S(Smart)-CNG with a starting price of Rs4.84 lakh (ex-showroom Delhi). "Maruti Suzuki WagonR S-CNG will be available in states with CNG infrastructure including Delhi-NCR, Gujarat, Mumbai, Pune, parts of Andhra Pradesh, Uttar Pradesh and Madhya Pradesh," the company said in a statement. "The factory-fitted WagonR S-CNG will be available at Rs4.84 lakh for Lxi and Rs4.89 Lakh for Lxi (O) variants respectively. Both prices are ex-showroom Delhi." According to the company, the WagonR S-CNG comes with factory fitted CNG, ensuring enhanced safety.
"The new WagonR comes with S-CNG technology that ensures high performance with dual ECU and intelligent-Gas Port Injection technology," the statement said. "This technology delivers calibrated quantity of fuel to the engine, leading to more efficient fuel usage, active pickup and superior drivability. The smart packaging of CNG cylinder brings better spare tyre accessibility." As per statement, Maruti Suzuki CNG vehicle sales contribute to around 15% of the total sales of the CNG range. The company presently offers CNG option in seven of its models (Alto800, AltoK10, WagonR, Celerio, Eeco, Super Carry and Tour S). Cumulatively over 5 lakh customers have selected Maruti Suzuki factory-fitted CNG vehicles. Maruti Suzuki India shares closed at Rs7,020.00, down 0.52% on the NSE.
Eric Rosengren, president of the Federal Reserve Bank of Boston, stressed on Tuesday on how the US economy develops and prudent management of risks in terms of the Fed's further monetary policy. "It may be several meetings of the Federal Open Market Committee before Fed policymakers have a clearer read on whether the risks are becoming reality - and by how much the economy will slow compared to last year," Rosengren said in remarks prepared for a chapter of the National Association of Corporate Directors in Boston. On the economic front, the US federal government reported a budget surplus of nearly $9 billion in January, according to the latest data released by the Treasury Department on Tuesday. The figure was below analysts' expectations of a surplus of $25 billion for the month. Economic activity in the non-manufacturing sector reported continuous growth in February, the Institute for Supply Management (ISM) said in its latest Non-Manufacturing ISM Report on Business on Tuesday. The Non-Manufacturing Index registered 59.7%, which is 3% higher than the January reading of 56.7%. "This represents continued growth in the non-manufacturing sector at a faster rate," said ISM.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: