Thursday, July 19, 2018

STOCK TIPS FOR 20 JUL 2018


BUY ASHOK LEYLAND ABOVE 105 TG 108,113 SL 100
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Benchmark indices ended flat on Thursday with losses in IT and pharma stocks such as TCS, Mindtree offsetting gains in PSU Banks like SBI, Bank of Baroda, a day ahead of a no-confidence motion against the government.On Friday, the parliament will debate a no-confidence motion tabled by opposition parties against the Prime Minister Narendra Modi’s government on Wednesday, the first day of the monsoon session.The  S&P BSE Sensex ended at 36,351, down 22 points while the broader Nifty50 index settled at 10,957, down 23 points.Mid-cap IT stock Mindtree lost 12.2 per cent, its biggest intraday fall since September 2011. Larsen & Toubro Infotech and Hexaware Technologies were also trading lower.

Wednesday, July 18, 2018

MARKET SUMMARY 18 JUL 2018


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Benchmark indices erased early gains to end lower on Wednesday, with the benchmark BSE index falling from a record high, as the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi’s government.For the first time in 15 years, a no-confidence motion against the government was moved and accepted in Lok Sabha today. Speaker Sumitra Mahajan said the notice, moved by the Congress, Telugu Desam Party and Sharad Pawar's Nationalist Congress Party, will be taken up on Friday.The S&P BSE Sensex ended at 36,373, down 147 points while the broader Nifty50 index settled at 10,980, down 28 points.

Monday, July 16, 2018

STOCK TO TRADE FOR 18 JUL 2018


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Benchmark indices rose on Tuesday as PSU Banks such as SBI, Bank of Baroda gained on report that six banks, including PNB, may get capital infusion of Rs 80 billion but weakness in consumer stocks including Hindustan Unilever capped gainAround six public sector banks (PSBs), including the PNB that has been hit by the Nirav Modi scam, might get a capital infusion of about Rs 80 billion from the government, The Economic Times on Tuesday reported, while citing an unnamed senior finance ministry official.The S&P BSE Sensex ended at 36,520, up 196 points while the broader Nifty50 index settled at 11,008, up 71 points.Among sectoral indices, Nifty PSU Bank index rose over 3.5% with Union Bank of India, Allahabad Bank, Bank of Baroda, PNB gaining in the range of 6 per cent - 8.5 per cent.Shares of oil companies and airlines also jumped, with the Nifty Energy index rising as much as 1.6 per cent on lower oil priceS. Oil prices extended losses on Tuesday after a more than 4 per cent slide to hit
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STOCK TIPS TO TRADE FOR 17 JUL 2018


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The Sensex and Nifty fell on Monday, dented by losses in energy, realty and healthcare stocks, with subdued Asian peers and rising inflation dampening sentiment further, while technology stocks gained with Infosys hitting an all-time high on upbeat quarterly results.
The S&P BSE Sensex ended at 36,324, down 218 points while the broader Nifty50 index settled at 10,937, down 82 points.Among sectoral indices, the Nifty Pharma index ended 4 per cent lower led by a fall in the shares of Dr. Reddy's Laboratories and Sun Pharmaceutical Industries. The Nifty Metal index too has fallen over 3.5 per cent lower led by fall in Jindal Stainless (Hisar) and Tata Steel.Energy shares took a beating after crude prices dropped as concerns around supply disruptions eased, while traders eyed potential supply hikes by Russia and other oil producers.