ELITE INVESTMENT ADVISORY SERVICES WEEKLY EQUITY REPORT
06/11/2017
WEEKLY MARKET SUMMARY
THE MARKET SET A FRESH RECORD CLOSING HIGH ON FRIDAY, DRIVEN BY FURTHER RALLY IN BANKS IN LATE TRADE, ESPECIALLY AFTER PNB REPORTED STRONG EARNINGS AND ASSET QUALITY IMPROVEMENT. IT WAS PARTLY DRIVEN BY GLOBAL CUES.THE 30-SHARE BSE SENSEX WAS UP 112.34 POINTS AT 33,685.56 AND THE 50-SHARE NSE NIFTY ROSE 28.70 POINTS TO 10,452.50.BANKS LED THE CHARGE TODAY, WITH THE NIFTY BANK RISING 0.88 PERCENT AND PSU BANK GAINING 3 PERCENT. STRONG EARNINGS BY PUNJAB NATIONAL BANK, ONE OF THE LARGEST AMONG TOP THREE PSU BANKS, INDICATED THAT ASSET QUALITY CONCERNS MAY BE EASING SOON. PNB WAS BIGGEST GAINER, RISING 5 PERCENT AFTER BETTER-THAN-EXPECTED EARNINGS, AND SHARP FALL IN SLIPPAGES QOQ.
WEEKLY GAINER
MARKET
CLOSING
CHANGE
% CHANGE
BHARTIARTL
541.25
55.95
11.53%
AXISBANK
540.10
54.15
11.14%
YESBANK
325.95
18.90
6.16%
ICICIBANK
315.90
14.75
4.90%
MARKET
CLOSING
CHANGE
% CHANGE
UPL
775.60
-55.70
-6.70%
M&M
1330.75
-56.95
-4.10%
TECHM
463.45
-12.95
-2.72%
TATASTEEL
708.90
-17.90
-2.46%
WEEKLY LOSSER
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