The Nifty 50 after opening flat gained strength as the day progressed
and ended May series at record closing high on May 30 ahead of the swearing-in
ceremony of Modi government.Nifty reversed its previous day's losses and formed
bullish candle on daily charts, but further upside is possible only if it
registers a decisive close above 12,041 Buzzing Stocks Voltamp Transformers rallies 10% on dividend bounty,
good Q4 results Info Edge gains 9% in three days on strong Q4 results; stock
hits new high IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs
200 on NSEPC Jeweller extends fall ahead of Q4 results; stock slips 25% in four
days Manpasand Beverages hits record low.
Thursday, May 30, 2019
Wednesday, May 29, 2019
STOCK MOVES OF 29 MAY 2019
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Nifty traded lower for major part of session to
snap three-day winning streak and closed in the red on May 29 ahead of the
expiry of May futures and options contracts on May 30. The index formed a
bearish candle on daily charts. Bank,
auto, and metal stocks suffered the deepest cuts.In the broader
market, the S&P BSE MidCap index slumped 126 points, to trade around 15,001
levels, while the S&P BSE SmallCap dipped 86 points, to end at 14,934.BUZZING
STOCKSLogistics stocks were in focus in early morning trade on
the BSE on Wednesday on the back of heavy volumes amid expectations of earnings
improvement. Adani Gas shares hit a new
high of Rs 174 before ending the day 2.6 per cent higher at Rs 167.45 on the
BSE on the back of strong numbers in March quarter results. In comparison, the
S&P BSE Sensex was up 0.65 per cent during the same period. Jubilant Life
Sciences shares continued to remain under pressure, hitting 33-month low of Rs
501.10, down 2.7 per cent on the BSE on Wednesday. The stock has fallen 19 per
cent in the past nine trading days, after reporting weak March quarter
earnings. The stock was quoting at its lowest level since August 29, 2016.
Tuesday, May 28, 2019
MARKET SUMMARY OF 28 MAY 2019
Nifty took a breather on May 28
after a sharp rally in the last two sessions but still managed to end at record
closing high amid consolidation.The index opened on a positive note at
11,958.35, which was also an intraday high but after few minutes of trade,
slipped into the red and traded with a negative bias for the most part of the
session to hit a day's low of 11,864.90.Benchmark
indices ended Tuesday's volatile session with marginal gains, to close in the
green and at record levels for the third consecutive session.The indices
were either flat or in the red for majority of the day, but were pulled up by a
buying spree in the last half an hour.In the broader market, the S&P BSE
MidCap index was trading 13 points or 0.09 per cent higher at 15,127 while the
S&P BSE SmallCap index was trading at 15,020, up 61 points or 0.41 per
cent. BUZZING STOCKS Shares of aviation companies were in focus
with InterGlobe Aviation, the operator of IndiGo, hitting a new high of Rs
1,716, up 3 per cent, on the BSE in Tuesday's early morning trade, after its
quarterly profit surged five-fold in March quarter. However, the stock
ended the session with losses at Rs 1,659.10.Shares of Natco
Pharma hit a new low of Rs 482, down 8 per cent on the BSE in early morning
trade, after the company reported a decline in net profit for the second
consecutive quarter, due to lower revenue growth The stock, however, recovered
the losses to finish with 1 per cent gain at Rs 530.50..
Monday, May 27, 2019
STOCK MARKET REVIEW OF 27 MAY 2019
Driven by banking and metals stocks, Nifty closed above
11,900 levels and formed a bullish candle on the daily charts. The index
rallied 80 points higher to end at record closing high of
11,924 and is 116 points away from its life-time high of 12,041 levels. Benchmark
indices finished Monday's session at a record closing high, lifted by HDFC
twins and Larsen & Toubro. The broader Nifty50 broke past the 11,900-mark
to end the day at 11,925, up 81 points. The market breadth was tilted in favour
of buyers. About 1,331 stocks gained and 470 shares declined on the NSE. BUZZING STOCKS Manpasand Beverages shares were on
Monday locked in lower circuit, down 20 per cent at Rs 88, on the BSE, with
huge sell orders on the counter, after the company’s top management was
arrested in a Rs 40 crore Goods and Services Tax fraud case. Lupin shares
slipped 2.5 per cent to Rs 744.10 on the BSE after the US health regulator
classified the inspection of the company's Goa facility as Official Action
Indicated. Shares of Page Industries hit a 52-week low of Rs 19,730 apiece
on Monday, plunging 10 per cent on the BSE before ending the day lower at Rs
19,678.5 after the company delivered its worst-ever quarterly performance.
While the revenue grew flat, earnings declined mainly due to weak demand, high
base and intensifying competition in the March quarter earnings.
Friday, May 24, 2019
MARKET SUMMARY OF 27-05-19
The benchmark indices
ending Friday's session at record closing highs, after investors' optimism was
boosted by Narendra Modi-led National
Democratic Alliance return to power the previous day. While the gains were
across the board, bank stocks and financials made the highest contribution to
the indices' rise.The broader Nifty50 index rose 187 points to settle at
11,844. About 1823 shares advanced, while 676 declined, and 150 shares remained
unchanged on the NSE.
BUZZING STOCKS Shares of JMC Projects (India) surged 15 per cent to Rs 136 apiece in the opening trade on the BSE on Friday after the company secured new orders worth of Rs 616 crore for residential and commercial projects in South India. KEI Industries traded higher for the fifth straight day, up 5.6 per cent at Rs 491.95 on the BSE on Friday, after the company reported a strong operational performance in the March quarter .
BUZZING STOCKS Shares of JMC Projects (India) surged 15 per cent to Rs 136 apiece in the opening trade on the BSE on Friday after the company secured new orders worth of Rs 616 crore for residential and commercial projects in South India. KEI Industries traded higher for the fifth straight day, up 5.6 per cent at Rs 491.95 on the BSE on Friday, after the company reported a strong operational performance in the March quarter .
Thursday, May 23, 2019
RECORD HIGH: SENSEX 40000 AND NIFTY 12000
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Benchmark indices gave a
big salute to Narendra modi victory i.e gained over 1,300 points from its
intraday high as investors booked profits at higher levels that saw Sensex and Nifty hitting 40,000 and 12,000 levels, respectively, over optimism
surrounding the National Democratic Alliance (NDA's) likely return to power
after the 2019 Lok Sabha election.Sectorally, all the indices on NSE,
except Nifty Media and Realty, settled lower
at the day's end, with Nifty FMCG bleeding the most 1.7 per cent, followed by
Nifty Metal 1.48 per cent. The Nifty Bank index, which hit 31,000-level earlier
in the day, dipped 118 points to 30,409 levels.
BUZZING STOCKSIndusInd
Bank shares surged 8 per cent to Rs 1,640 in early trade on Thursday on the BSE
before ending the day 5 per cent higher on expectation that the bank would
return to normalcy in terms of earnings momentum after the entire exposure to
IL&FS was classified as non-performing asset (NPA) in the fourth quarter of
fiscal 2018-19. Shares of Adani Group companies surged up to 14 per cent
intra-day on the BSE on Thursday as trends showed the Narendra Modi-led
National Democratic Alliance (NDA) leading the vote counts for the 2019 Lok
Sabha election. Bank of Baroda rallies 10% after cutting losses in Q4 Stocks in the news: BoB, HDFC Bank, Thermax,
Biocon, Cummins, Bodal Chemicals, GSFC PRIDX sells Dish TV shares worth Rs 35 crore, Nomura Singapore
buys stake in Vikas Multicorp
Wednesday, May 22, 2019
MARKET SUMMARY OF 22 MAY 2019
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Benchmark indices ended
Wednesday's session with minor gains amid volatile trade as investors turned
cautious on the eve of the Lok Sabha 2019 election outcome. After hitting an
intra-day high of 39,249.08, Sensex finally settled 140 points, or 0.36 per cent
higher at 39,110 while Nifty50 ended the day at 11,738, up 29 points or 0.25
per cent.
India IndusInd, Sun Pharma, Bajaj Auto, Bharti Airtel, and Coal India were the
BSE's top gainers. Out of the 30 constituents, 25 ended in the green. The
market breadth remained in favour of buyers. About 969 stocks advanced and 770
shares declined on the NSE.BUZZING STOCKS Dewan
Housing Finance Corporation (DHFL) plunged as much as 18 per cent to Rs 107 in
the early trade on Wednesday on the BSE after the non-banking finance company
(NBFC) stopped accepting fresh public deposits and renewals of existing
deposits. The stock, however, pared some losses to end the day 12 points, or
9.4 per cent lower, at Rs 117.65.Shares of Jet Airways (India) rallied 5 per cent
to Rs 158.55 apiece on the BSE on Wednesday on the back of heavy volumes being
traded on the hopes of the airline's revivial. The share has surged 32 per cent
so far in this week. Larsen & Toubro scales new high, up 12% in a week;
m-cap touches Rs 2.07 tn DHFL
tanks 18% as company stops fresh deposits, premature withdrawals Jet Airways
surges 32% in three days on revival hopesJindal Steel slips 12% on
disappointing March quarter results
Tuesday, May 21, 2019
STOCK MARKET REVIEW OF 21 MAY 2019
FOR FREE TRIAL FILL THE FORM>>>>
The indices hit a
record-high at opening, with the S&P BSE Sensex touching the 39,571.73-mark while Nifty reached 11,883.55 levels, before trimming
gains in a volatile session that saw India VIX rise over 8 per cent.The
broader Nifty50 also slipped 119 points to settle at 11,709. The market breadth
remained in the favour of sellers with about 1,145 stocks declining and 609
stocks advancing on the NSE.All the sectoral indices ended the day in red,
with Nifty Auto and Nifty Media taking the biggest hits, down 2.52 per
cent and 2.32 per cent, respectively. On expected lines, Nifty consolidated after hitting the record
high of 11,883 on May 21 and made a large bearish candle or a Dark Cloud Cover
pattern on the daily candlestick charts.A Dark Cloud Cover pattern is a two
candle pattern which is formed where the second candle opens above the close of
the bullish candle formed in the previous session and then closes below the
midpoint of the previous candle. JK Cement surges 17% in two days on
strong Q4 earnings; hits 52-week high.Bajaj Finance joins
Rs 2-trillion m-cap club; stock zooms 105% in 14 months. HPCL, BPCL and Indian Oil Corporation decline
up to 6%.Quant funds are suitable for savvy
investors with equity portfolio..Torrent Pharma slips 8% after reporting net loss of Rs 152 crore
for Q4
Monday, May 20, 2019
STOCK MARKET SUMMARY OF 17 MAY 2019
FOR FREE TRIAL FILL THE FORM>>>>
Nifty ends above 11,400, Sensex jumps 537 points. Sensex and Nifty surged
on the final day of a volatile week on Friday with both the benchmark indices
gaining over a per cent each with exit poll of the ongoing polls looming.Asian shares were trying to hold
steady on Friday.Japan
inched up 0.1 per cent and were off a 15-week trough.Japan’s Nikkei bounced 0.7
per cent in early trade, while the main Australian index added 0.5 per cent.In
commodities, oil prices rose again on Friday and were on track for the first
weekly gains this month, as rising tensions in the Middle East stoked fears of
supply disruptions.Buzzing stock Aurobindo Pharma falls 6% This
pharma stock has risen over 170% in 17 months Indian Oil Corp Q4 net profit
rises 17% to Rs 6,099 crore Bajaj Finance hits all-time high on strong Q4
results; stock surges 5%.Delta Corp hits 22-month low; stock
plunges 17% on heavy volume Agri outlook: Rubber trends higher and edible oil
recovers smar Federal-Mogul shares rise to determine open offer
price Strong grounds to contest Sebi order in co-location case, says NSE This
pharma stock has risen over 170% in 17 months Bitcoin slips more than 20% to
below $6,300 after clocking 10-month high Bajaj Finance hits all-time high on
strong Q4 results
MARKET SUMMARY OF 20 MAY 2019
Benchmark indices ended Monday's session at record closing
high, surging almost 4 per cent, a day after exit polls predicted the return of
the Narendra Modi-led National Democratic Alliance to power. In the process,
the S&P BSE Sensex reclaimed the 39,000-mark, while the Nifty Bank posted
its biggest one-day gain.The S&P BSE Sensex ended the day 3.75 per
cent, or 1,422 points, higher at 39,352 levels, with State Bank of India, YES
Bank, IndusInd Bank, Larsen & Toubro, and YES Bank leading the list of
gainers. Infosys and Bajaj Auto, however, settled in the red. The market
breadth remained in favour of buyers as 2,018 stocks advanced and 611 declined,
The broader Nifty50 gained 421 points, or 3.7 per cent, to settle at 11,828.Dhiraj
Relli, MD & CEO, HDFC Securities said the markets seem to have almost fully
discounted the outcome of final election results. The
S&P BSE Sensex vaulted more than 1,400 points to end at a record closing
high on May 20 after most of the exit polls showed that the BJP-led NDA will
get between 267-365 seats in the Lok Sabha and pave way for the second term for
Prime Minister Narendra Modi.Sensex reclaimed its crucial resistance level of
39,000 while Nifty50 added more than 400 points to rally above 11,800. Both
Sensex and Nifty saw their biggest gains in the last 10 years.
Thursday, May 16, 2019
MARKET SUMMARY 16 MAY 2019
Among sectoral indices, only
one index ended the day in red, with Nifty Media, Nifty Metal, and Nifty Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per
cent, respectively.In the broader market, the S&P BSE MidCap index
rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the
S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817. Volatility
index which is already near 4-year high is trading is expected to surge further
as we head towards May 23. It is when stocks which are trading at a premium
could face some pressure Volatility to stay till
May 23, avoid leverage play.Technical
View: Nifty forms bullish candle; short Nifty if it goes below 11,100.BUZZING STOCKS
Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter.
Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter.
Wednesday, May 15, 2019
STOCK MARKET REVIEW OF 15 MAY 2019
Benchmark indices ended with losses, dragged
down by metal stocks, on Wednesday due to last hour sell-off after a volatile
session.Among sectoral indices, all but two
indices in the red, with Nifty Media index and Nifty Metal indices plummeting 3.74 per cent and 2.1 per cent, respectively.In
the broader market, the S&P BSE MidCap slipped 95 points at 14,117, while the S&P BSE SmallCap
ended the day 62 points, lower at 13,782. Exit
polls are expected to be announced from May 19 evening, once the last phase of
the election is over. Therefore, the market is likely to be very volatile from
May 20 onwards.Nifty ends below 11,200, Sensex
falls 203 points; Yes Bank, Tata Motors tank 8%FIIs consistently raise stake in
last 4 qtrs; Technical View: Nifty forms a bearish candle; upside likely to be
capped at 11,300 Buzzing stockJet
Airways (India) shares slipped 4.18 per cent to Rs 123.70 on Wednesday on the
BSE after top executives of the cash-strapped airline resigned with immediate
effect. Shares of Union Bank of India plunged as much as 10.03 per cent
to Rs 71.30 apiece in the intra-day trade on Wednesday after the state-run
lender said its net loss widened to Rs 3,370 crore in the fourth quarter of
2018-19, mainly on account of higher provisioning. The company had registered a
net loss of Rs 2,583.38 crore in the same quarter of the preceding
fiscal.
Tuesday, May 14, 2019
MARKET SUMMARY 14 MAY 2019
FOR FREE TRIAL FILL THE FORM>>>
Benchmark indices snapped their nine-day losing streak, helped by gains in Reliance, ITC. and State Bank of India, to end Tuesday's volatile session with gains.The S&P BSE Sensex ended the day 228 points, higher at 37,319, with Sun Pharma, Bharti Airtel, Vedanta, IndusInd Bank, and State Bank of India among the top gainers. While Sun Pharma gained nearly 6 per cent, the rest of the above-mentioned counters moved up 2.3 per cent to 5.4 per cent. Of the 30 BSE constituents, 16 ended in the green. After moving in a narrow range for the most part of the day, Nifty snapped its 9-day losing streak in the second half of the session to break above 11,200 making a bullish candle on the daily charts. The index surged to an intraday high of 11,294 before closing the day at 11,222.BUZZING STOCKSShares of Tata Steel traded lower for the ninth straight day on Tuesday, down 0.39 per cent on the BSE, at Rs 462.75 apiece. The stock has been falling ever since concerns over the European Commission's likely rejection for the proposed joint venture between the company's European arm and ThyssenKrupp surfaced.Jet Airways slumped 7.42 per cent to Rs 129.10 on the BSE on Tuesday on a news report that Etihad Airways had put in stiff conditions in its bid that includes substantial write down of the Rs 9,000-crore loan.
Benchmark indices snapped their nine-day losing streak, helped by gains in Reliance, ITC. and State Bank of India, to end Tuesday's volatile session with gains.The S&P BSE Sensex ended the day 228 points, higher at 37,319, with Sun Pharma, Bharti Airtel, Vedanta, IndusInd Bank, and State Bank of India among the top gainers. While Sun Pharma gained nearly 6 per cent, the rest of the above-mentioned counters moved up 2.3 per cent to 5.4 per cent. Of the 30 BSE constituents, 16 ended in the green. After moving in a narrow range for the most part of the day, Nifty snapped its 9-day losing streak in the second half of the session to break above 11,200 making a bullish candle on the daily charts. The index surged to an intraday high of 11,294 before closing the day at 11,222.BUZZING STOCKSShares of Tata Steel traded lower for the ninth straight day on Tuesday, down 0.39 per cent on the BSE, at Rs 462.75 apiece. The stock has been falling ever since concerns over the European Commission's likely rejection for the proposed joint venture between the company's European arm and ThyssenKrupp surfaced.Jet Airways slumped 7.42 per cent to Rs 129.10 on the BSE on Tuesday on a news report that Etihad Airways had put in stiff conditions in its bid that includes substantial write down of the Rs 9,000-crore loan.
Saturday, May 11, 2019
MARKET SUMMARY OF 10 MAY 2019
The market remained in the bear grip
throughout the week and pushed the Nifty 50 below crucial support levels on
closing basis. The Nifty 50 plunged 3.7 percent while the S&P BSE Sensex
was down by 3.8 percent to post their biggest loss since October 2018 for the
week ended May 10.Trade
tensions between the US and China muted corporate earnings from India Inc,
election uncertainty and persistent selling by foreign institutional investors led to the fall in Indian markets. ICRA looking into IL&FS rating issue, hires
external experts for assistance Tata-Thyssenkrupp JV plan fails to
clear Europe's anti-trust hurdle.SBI: Market leader misses estimates but
delivers the goods on asset quality
Thursday, May 9, 2019
MARKET SUMMARY OF 09 MAY 2019
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Selling was seen in
sectors like energy, telecom, power, metals, and oil & gas while buying was
seen in IT, consumer durables and auto index..Closing Bell: Nifty ends at 11,300, Sensex
falls 230 pts; LIC raises stake in 35 companies, reduces holding in 70.RBL Bank, ICICI Lombard among 4 stocks
eligible for inclusion in MSCI India index.In the broader market,
Nifty Midcap and small caps were trading flat with a negative bias with both
the indices trading 0.01 and 0.11 per cent lower, respectively. BUZZING STOCKS.Shares of YES Bank fell about 2.5 per cent to
Rs 157 on the BSE during the early morning trade on Thursday after rating
agency India Ratings downgraded the bank’s long-term ratings even as
it reaffirmed the short term rating. Avadh Sugar & Energy shares surged 13
per cent to Rs 518 in early morning trade on the BSE on Thursday after the
company announced that the board will meet on Monday (May 13) to consider
maiden bonus issue. Shares of 63 Moons Technologies (formerly known as
Financial Technologies India) were locked in upper circuit for the seventh
straight trading day after surging 10 per cent to Rs 184, also its 52-week high
on the BSE in an otherwise weak market.
Wednesday, May 8, 2019
MARKET SUMMARY OF 8 MAY 2019
The broader Nifty50 index of the National Stock Exchange slipped below the crucial 11,400 level to end at 11,359, down 138 points . Out of 50 constituents, 40 ended in the red and just 10 in the
green. All the sectoral indices on NSE ended in the red. Media
stocks took the hardest knock, followed by realty and PSU bank stocks.
The Nifty Media index settled at 2,134, down 101 points.
STOCKS THAT MADE NEWS Reliance Industries: Shares
of Reliance Industries (RIL) hit an eight-week low on the BSE on Wednesday. The
stock has lost 7 per cent in the past three trading days. It ended at Rs
1,299.45 apiece on BSE, down over 3 per cent. Essel Group shares: Shares
of Subhash Chandra-led Essel Group companies were under pressure on Wednesday
with Zee Entertainment Enterprises (ZEEL) and Dish TV India falling more than 8
per cent each on the BSE. The fall comes despite the group's assurance that the
stake sale process of Zee Entertainment Enterprises was at an "advanced stage."
At close, ZEEL stood at Rs 333, down 10 per cent while Dish TV India settled
nearly 2 per cent lower at Rs 31. Vodafone Idea: Vodafone Idea
shares hit a new low of Rs 13.65, down 12 per cent on Wednesday, declining 17
per cent in past two trading days on the BSE, on back of two-fold jump in
trading volumes. The stock ended at Rs 14.35, down over 7 per cent.
Monday, May 6, 2019
STOCK MARKET REVIEW OF 06 MAY 2019
FOR FREE TRIAL PLS FILL THE FORM>>>>
The benchmark indices
made a subdued start to the week with metal stocks taking the heaviest hit
after US President Donald Trump's comment that he would raise tariffs on $200
billion of goods to 25 per cent on Friday from 10 per cent roiled the global markets.The broader Nifty50
index was down 114 points, at 11,598. About 1,146 stocks
declined and 588 shares advanced on the National Stock Exchange.BUZZING STOCKSCadila Healthcare shares hit a 52-week low of Rs
292, down 4 per cent in early morning trade on Monday after getting 14
observations from US health regulator for its Moraiya plant. However, the stock
recovered later in the day to end 1.22 per cent higher at Rs 307.70.
Shares of YES Bank slipped 5.3 per cent to Rs
166.30 after rating agency Icra downgraded the bank's tier-I and tier-II bonds
and infrastructure debt on deterioration in the credit quality of large ticket
borrowers. Goldiam International
bucked the day's trend to surge 11.93 per cent to Rs 113.55 after hitting its
52-week high of Rs 117 earlier in the day after investor Ramesh Damani
bought more than 1 percentage point stake in the company through open market.
Friday, May 3, 2019
STOCK MARKET REVIEW 3 MAY 2019
Benchmark indices ended
Friday's session with marginal cuts after erasing its intraday gains in the
final hour. IT stocks were
the top drags and remained subdued throughout the day after the US-based IT
services company Cognizant nearly
halved its 2019 growth guidance. The intra-day rise in
the indices was spurred by a slip in oil prices with financial stocks gaining the most, before the indices
retreated to trade flat in the end.BUZZING
STOCKS Information technology (IT) stocks remained under pressure on Friday, after the
US-based IT services company Cognizant nearly halved its 2019 revenue expectations after missing
first-quarter results, as it faces sluggish demand in its financial and
healthcare businesses. Shares of Mills continued their
northward journey, with the stock hitting 18-month high of Rs 157 before ending
the day at Rs 156.50, up 1.69 per cent, on the expectation of strong earnings
growth. The stock was trading at its highest level since December 6,
2017.
Thursday, May 2, 2019
STOCK MARKET SUMMARY OF 02 MAY 2019
Benchmark indices ended
a volatile session marginally lower on Thursday with IT and Pharma stocks
dragging the indices down.The Sensex dropped 50 points, to finish at 38,981 levels,
with TATA Motors, ICICI Bank, IndusInd Bank, Infosys and HCL Tech among the biggest losers. Of the 30
constituents, 15 ended the day in green while as many were painted red.Nifty50 failed to hold the 11,750 level and closed at 11,725 levels, down 23
points, or 0.20 per cent. About 1,053 shares advanced, 1,442 shares
declined, and 163 shares remained unchanged. BUZZING STOCKS Ashok Leyland
gains 4% post April sales number, credit rating upgradeBiocon nears 52-week
low, falls 5% after reporting mixed numbers in Q4
Escorts shares dipped almost 8 per cent to Rs 58.90 after the farm equity
major reported a 15 per cent decline in tractor sales to 5,264 units in April
2019. The company had sold 6,186 tractors in the same month last year.
Wednesday, May 1, 2019
STOCK MARKET REVIEW
The target for Sensex at 44,000 by March 2020
(12 percent upside), and any kind of sell-off (around 5 percent or more)
should be providing an interesting entry point into equities, Nitin Rao, CEO,
Reliance Wealth Management.
The countdown has already started for election results, which are scheduled to
be announced on May 23.There are four possible scenarios which investors
can look out for and accordingly devise their trading strategy. According to a
report by IIFL, the first possible scenario is BJP winning with an absolute
majority.Buzzing stock B M Khaitan Group companies plunge on bourses after
ratings downgrade.NBFC stocks: Catching the falling knife could be tricky amid
fresh concerns.Mindtree's Q4 casts doubts on immediate gains for L&T from
the buyoutMaruti Suzuki India's
decision to phase out diesel cars by April 2020 is, very simply, a textbook
example of internalising the true environmental and social costs of an
industry. Maruti's decision is also emblematic of how the right combination of
crucial factors can drive change that has previously seemed impossible.
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