Friday, July 3, 2015

MARKET SUMMARY FOR 03 JULY 2015

Sensex today rose by 147 points to again rally past 28,000-mark, largely driven by gains in banking and capital goods stocks on renewed buying interest by foreign investors and higher government spending. Nifty surged 40 points or 0.47 per cent to close at 8,484 after hovering between 8,497 and 8424 during the session. sensex After a hesitant start, it recouped the 28,000-mark to hit the day's high of 28,135. before settling at 28,092., showing a recovery of 147 points or 0.53 per cent. The Indian stock market rose on Friday, despite the global weakness seen other Asian markets. nifty index was nearly touch a psychological levels of 8,500 made high of 8496 and the support by banking and pharmaceutical stocks. Very narrow range bound activity marked the action of the last trading session so far as the index movement is concerned. We need a break out above this zone or a breakdown below this zone for a directional move. In the event of market getting past firmly above 8480 then we can expect at least a test of 8526 or even higher if not close to or around the 8600-zone. On the downside, unless the index falls decisively below 8418 level there would be no major threat as such or any vulnerability. Below 8418, the level to watch out for would be located at 8356. A breakdown below 8456 on high volume activity would mean much lower levels to come.
SECTORS&STOCKS

PREOPENING OF MARKET FOR 3JULY0215

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Rupee strengthens against US dollar to 63.53
Down Jones 21 Points Down 17, 730
Nikkei 91 Points Down 20,431
Hang Sang 134 Points Down 26,147
8500 achievable or will investors continue to sit on fence
RESULT TODAY

·         Aditya Birla Chemicals (India) Ltd. POM AND COM IS HELD ON 03/07/2015
·         Asian Paints Ltd. AGM(Annual General Meeting) IS HELD ON 03/07/2015 - Rs.4.3000 per share(430%)Final Dividend


Thursday, July 2, 2015

MARKET SUMMARY FOR 02 JULY 2015

 Sensex was trading 75 points or 0.3 percent down at 27,945. Similarly, Nifty was down 8.15 points or 0.1 percent at 8,444.There is every likelihood a higher high today compared to yesterday: we are probably going to see the Nifty getting past 8470 and trying to scale up to even the 8500-mark in the day’s session. Now, if the bulls are able to hold the index above 8468 then they would try to get past the 8500-mark as well. Beyond the coveted 8500-mark, three resistance levels are worth watching out for 8526, 8550 and 8589 before it hits the 8600-mark as well. On the downside, so long as 8383 is held there is not much to worry for the bulls while they would use dips to buy more and push things higher. during the same time. After a rangebound session, markets have slipped in the negative territory owing to weakness in the Index heavyweights amid weakness in the European peers. A stronger global market driven by hopes of a Greece deal kept up the pace.which had gained 375 points in the past two sessions, gained another 95 points, or 0.33 per cent, at 28,115.Today the market ended in red. About 1499 shares advanced, 1271 shares declined, and 153 shares were unchanged.
SECTORS & STOCKS

PREOPENING OF MARKET FOR 2JULY0215

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Nifty eyes 8500 on firm global cues
Down Jones 138 Points Up17, 757
Nikkei 235 Points Up 20,564
Hang Sang 122 Points Up 27,372
 RESULT TODAY
·         State Bank of India AGM is held on 02/07/2015 - Rs.3.5000 per share(350%)Dividend
·         Relax  Footwear’s Ltd. Bonus issue(face value 1)  in the ratio of 1:1.of Re.1 /- each
·         Birla Corporation Ltd. AGM is held on  02/07/2015 - Rs.6.0000 per share(60%)Dividend


Wednesday, July 1, 2015

MARKET SUMMARY FOR 01 JULY 2015

The Sensex jumped over 90 points in early trade today, extending yesterday's gains, on the back of increased buying by participants as the country's infrastructure growth hit a 6-month high in May. Besides, a firming trend overseas kept the momentum going. The sentiment got a lift after the output of eight infrastructure sectors expanded 4.4 per cent in May, the highest growth rate in the past six months and a hardening trend in the global market despite Greece's default. Sensex regains 28,000-mark by rising 240 pts to end at 28,020, Nifty climbs 85 pts to 8,454. its highest close in nearly 2-1/2 months, as state-run banks rose after the government’s plan for a comprehensive package raised hopes of faster recapitalization.  The Indian stock market closed green sound with Sensex gained 135 points on Tuesday after Greece has to make a debt repayment of 1.6 billion euro to the International Monetary Fund (IMF) today. The leader of the European Commission had before made a spur of the moment offer to attempt to convince Greece to acknowledge a bailout deal.Markets continued their uptrend on increased optimism that the Greece issue will get resolved.

NSE NEWS FOR JULY 1, 2015

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RUPEE  GAINS 8 PAISA AGAINST DOLLAR ON FOREIGN CAPITAL INFLOWS…
FACTORS THAT MAY DRIVE NIFTY TO 8400 DESPITE GREECE DEFAULT
DOWN JONES 23 POINTS UP17, 690
NIKKIE 44 POINTS UP 20,279
HENG SANG 283 POINTS UP 27,250
RESULT TODAY
·         Nimbus Projects Ltd. Results is held on 1 July 2015
Oberon Realty Ltd. AGM on 01/07/2015 - Rs.2.0000 per share (20%) Dividend

Tuesday, June 30, 2015

MARKET SUMMARY FOR 30 JUNE 2015

The Sensex opens gain after growing as much as 100 points in morning trade on Tuesday. The nifty index down it’s crucial psychological levels of 8300. After a volatile session, the market finally ended with a bang. The Sensex closed 135 points up at 27780 while Nifty gained 50 pts at 8370 today. About 1717 shares advanced, 986 shares declined, and 162 shares were unchanged. Tata Steel, Coal India, Sun Pharma, Lupin and Bharti Airtel were big gainers on the Sensex. ITC gained 2 percent. Among the losers are TCS, Wipro, ICICI Bank, Hero MotoCorp and GAIL.The Indian equity markets which were subdued throughout the intra-day trade on the back of Greece loan default, bounced back and provisionally closed in the positive territory on Tuesday.

NSE NEWS FOR JUNE 25,2015

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MARKET MAY OPEN LOWER ON WEAK GLOBAL CUES
DOWN JONES 350 POINTS DOWN 17,596
NIKKIE 23 POINTS UP 20,135
HENG SANG 191 POINTS UP 27,158
 RESULT TODAY
 Patel Engineering Ltd.
(75.45Price increase0.70 (0.94%)

Monday, June 29, 2015

MARKET SUMMARY FOR 29 JUNE 2015

Sensex ends 167 points down, Nifty above 8,300; Tech Mahindra top loser, down over 7%
Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis Tsipras sombrely announced capital controls in a televised address on Sunday night to prevent banks from collapsing under the weight of mass withdrawals. After a bad day of slaughter on Greek worries, the market finally managed to pick up some strength towards end. The Sensex was down 167 points or 0.6 percent at 27645, and the Nifty slipped 54 points or 0.6 percent at 8326.  About 896 shares advanced, 1791 shares declined, and 154 shares were unchanged. Greece has less than 48 hours to pay back 1.6 billion euros ($1.77 billion) of International Monetary Fund loans, and a default would set in train events that could lead to the country's exit from the euro currency.