MARKET SUMMARY OF 28 JUN 2019

After making an all-time high at 12,103 on the 1st trading session of June, Nifty spent the rest of the month in a corrective mode. Though there were few stock specific shorting opportunities during this period, the ranging price action was quite annoying for most short-term traders as it lacked directional bias in either direction.Selling pressure was visible in the midcap space as the Nifty200 breadth remained weak. Bank Nifty witnessed selling pressure for the first half of the series, however, a smart recovery was seen in the last few trading sessions.During this contra trend period, the putative swing low (of 11,625) in Nifty50 was formed near the gap support area of 11,600-11,400.Jet airways employees consortium, AdiGroup to bid for 75% of airline  Inside Apple's long goodbye to Jony Ive, the man who designed the iPhone From liquidity to stress fund: Real estate, homebuyers' Budget expectations Over half the SME universe in the red: Here're the top losers since 2012 ONGC seeks bids to enhance production from 64 marginal fields

MARKET SUMMARY OF 27 JUN 2019

Nifty wiped out initial gains in the last couple of hours of trade amid volatility due to F&O expiry and correction in European indices on June 27.The index failed to hold 11,900 and closed flat, forming bearish candle that resembles Shooting Star pattern on daily charts.A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in the near future.Buzzing stock CreditAccess gains 8% on completion of direct assignment of Rs 139 crore SBI nears record high on fundraising plan; stock rises 7% in six days Real estate shares in focus; Godrej Properties hits record high Cox & Kings hits lower circuit for 2nd straight day, tanks 57% in a month DHFL promoters sell stake in wealth management business to employees Bitcoin climbs to 18-month high, soars past $13,000 as Libra spurs interest.

MARKET SUMMARY OF 26 JUN 2019

Despite benchmark indices reaching new heights in early June, the breadth of the market remains weak. This is evident from the fact that almost 20 percent of BSE500 stocks hit their respective 52-week low in June Eighty-eight stocks in the BSE500 index hit their respective 52-week low in June, which include Hindustan Zinc, JSW Steel, Bosch, Motherson Sumi, Vodafone Idea, General Insurance Corp., Lupin, Biocon and YES Bank, among others.Indian tyre companies to gain from CVD duty on Chinese imports; top picks Buzzing stock DHFL falls 9% on partial payment of Commercial Paper dues Shriram Group shares trade weak; Shriram City Union hits 52-week low ICICI Bank, Power Finance, and 12 other stocks hit 52-week highs on BSE 500 Rushil Decor hits lower circuit for 2nd straight day; tanks 28% in two days.SBI Life Insurance hits 52-week high on strong response for share sale.

MARKET SUMMARY OF 25 JUN 2019

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Nifty recovered from first hour's sell-off and strengthened as the day progressed to end near day's high on June 25 after. The gain comes after losses in the previous two sessions.Advancement of southwest monsoon and stability in crude oil prices lifted traders sentiment.The index took support at its 50-DEMA, near 11,650 and rallied towards 11,814 intraday, forming bullish candle that resembles Bullish Engulfing pattern on daily charts.Top companies where promoters have trimmed their stake in the past one year Tyre stocks gain as govt imposes additional duty on Chinese tyre imports HDFC AMC hits record high, rises 9% in four days. ACC, Ambuja Cements, UltraTech: Three cement stocks that can rally 10% Stock of the day Trent soars to record high on fundraising plan; stock rallies 10% in a week ICICI Lombard falls 8% after block deals Emami soars 12% after promoters set timeline to reduce debt.

MARKET SUMMARY OF 24 JUN 2019

Benchmark indices closed lower for second consecutive day amid liquidity crisis and weak global cues.The Sensex fell 71.53 points to 39,122.96 and the Nifty declined 24.40 points to 11,699.70.The Nifty Midcap and Smallcap indices dropped 0.4 percent each.UPL, Yes

Bank, M&M, Indiabulls Housing and TCS were top gainers among Nifty50 stocks, rising 1-5 percent whereas JSW Steel, ONGC, Eicher Motors, Tata Steel and Vedanta fell 2-3 percent.Reliance Power, PC Jeweller, IFCI, Glenmark Pharma, Mahanagar Gas, IGL, Gujarat Gas, Motherson Sumi, Cadila Healthcare, Edelweiss FInancial and Dish TV were down 3-12 percent.Stock of the day Glenmark Pharma hits 6-year low after USFDA issues CRL on Ryaltris.Cox & Kings frozen at 20% lower circuit; stock hits all-time low.Jain Irrigation soars 72% in two days after mgt clarifies on price movement.Auto stocks decline post NITI Aayog's directive on electric vehicle. Emami slips 7%, hits lowest level since August 2014 after huge block deals.

MARKET SUMMARY OF 21 JUN 2019

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The Nifty50 started off selling at the word go and fell further in later part on June 21 after escalating tensions between US-Iran and RBI Government comments.The index closed way below 11,800 levels and formed Bearish Belt Hold pattern on the daily charts and bearish candle on the weekly scale. For the week, the index lost 0.8 percent, continuing downtrend for the third consecutive week.A 'Bearish Belt Hold' pattern is formed when the opening price becomes the highest point of the trading day and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and a small lower shadow. BUZZING STOCKS Aurobindo Pharma shares slipped 8 per cent to Rs 579 on the BSE in early morning trade on Friday after the company received a warning letter from US health regulator for its Unit XI, API manufacturing facility in Srikakulam, Andhra Pradesh. The stock ended the day 3.92 per cent lower at Rs 602.35.  Sobha stocks dipped 11 per cent to Rs 500 on BSE on Friday after more than four per cent total equity of the real estate developer changed hands via block deals in early morning trade. By the end of the session, the stock was down 7.39 per cent lower to Rs 520.30.Tanla Solutions shares continued their upward movement, hitting an over 9-year high of Rs 67.20 per share, up 5 per cent on the BSE in an otherwise weak market. 

TRADING CALLS FOR 21 JUN 2019

PREMIUM FUTURE-SELL MANAPPURAM FUTURE 2LOTS BELOW 132 TGT 131 129.50 SL 133

STOCK MOVEMENTS OF 20 JUN 2019

The market saw spectacular run on June 20 as buying across sectors pushed Sensex up over 500 points intraday.The market breadth was also in favour of bulls as about three shares advanced for every two shares falling on the BSE. The Nifty Midcap and Smallcap indices surged more than 1.5 percent each.Yes Bank was biggest gainer among Nifty50 stocks, rising 11 percent followed by Indiabulls Housing , Sun Pharma , IndusInd Bank and L&T .However, UPL, Wipro, Adani Ports, Britannia and Tech Mahindra were losers.Jet Airways was biggest gainer among smallcaps, rising 90 percent while Anil Dhirubhai Ambani Group stocks like Reliance Infrastructure and Reliance Capital rallied 35 percent and 28 percent respectively. Stock of the day Indiabulls Housing to buyback NCDs worth Rs 2,285 crore; stock rallies 8%.Adani Green surges 6% after arm bags 600 MW wind-solar hybrid projects YES Bank dips 5% to trade in double digits for the first time in five years PSP Projects surges 3% on new order worth Rs 607 crore Apollo Hospitals gains over 3% after sale of health insurance biz to HDFC.

MARKET SUMMARY OF 19 JUN 2019

Sensex finished higher, while Nifty flat in the volatile trade on June 19.At close, the Sensex was up 66.40 points at 39112.74, while Nifty ended flat at 11691.50. About 703 shares have advanced, 1847 shares declined, and 119 shares are unchanged. Indiabulls Housing, Yes Bank, UPL, Adani Ports and Cipla were among major losers on the Nifty, while gainers were Tata Steel, Zee Entertainment, Kotak Mahindra Bank, NTPC and Titan Company.Buzzing stock Jet Airways falls 29% ahead of NCLT hearing on insolvency plea.Dilip Buildcon dips 14% on report of possible exit from HAM projects IRB Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way Can Fin Homes gains 5% after Canara Bank initiates stake sale process.

MARKET SUMMARY OF 18 JUN 2019

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The Nifty50 after opening flat at 11,677.05 remained rangebound throughout the session. It touched an intraday high of 11,727.20 and low of 11,641.15, before closing 19.30 points higher at 11,691.50. The index formed small bullish candle which resembles a 'Spinning Top' kind of formation on daily charts.Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls and bears. It can be formed in an uptrend as well as in a downtrend.Stock of the day HDFC MF provides liquidity to FMP investors; stock tanks 7%.YES Bank nears 5-year low; slips 20% in four days after downgrade.Star Cement surges 13% as board mulls share buyback.RInfra, Jet Airways among 54 stocks that tumbled up to 62% in 3 weeks.Jet Airways tanks 53% as lenders move NCLT to initiate IBC proceedings.$40 billion in just 7 yrs! India's exotic funds, a time-bomb for investors.

MARKET SUMMARY OF 17 JUN 2019

Benchmark indices slipped on Monday, dented by losses across sectors, after India slapped higher tariffs on certain US products in retaliation to Washington’s decision to remove certain trade privileges for New Delhi.

The government, after dragging its feet for almost a year, decided to increase tariffs on 29 high-value US agricultural and industrial imports by up to 50 per cent.The investor sentiment was further dampened by investor concerns over patchy monsoon and the government’s ability to bolster a slowing economy.The broader Nifty50 index dipped 151 points, or 1.28 per cent, to 11,672. About 685 shares on the NSE advanced, 1,847 declined, and 126 shares remained unchanged.In the broader market, the S&P BSE MidCap index settled at 14,531, down 190 points, or 1.29 per cent, while the S&P BSE Smallcap index skidded 193 points, or 1.35 per cent, to 14,173.BUZZING STOCKSShares of Reliance Infrastructure hit an over 28-year low of Rs 52.70, down 10 per cent on the BSE on Monday in the early morning trade after the auditors raised questions about the company’s ability to continue in business. The stock ended the day 4.72 per cent lower at Rs 56.50.Shriram Transport Finance Company shares dipped 6.54 per cent to Rs 1,014 on the National Stock Exchange on Monday after Piramal Enterprises sold its entire 9.96 per cent stake in the company through open market.Shares of New Delhi Televisionskid 8 per cent to Rs 32.10 during the early morning trade on the BSE on Monday, after markets regulator the Securities and Exchange Board of India banned the group chairman Prannoy Roy and director Radhika Roy from assessing the capital market for two years. However, the stock settled for the day at Rs 35, 0.57 per cent higher. 

MARKET SUMMARY OF 14 JUN 2019

A selloff towards the fag end of Friday's session dragged the benchmark indices lower after a range-bound trade for most part of the day .Reliance Industries and banking stocks remained the top drags for the indices with the Bank Nifty dipping 1.17 per cent .On a weekly basis, both the Sensex slipped 0.5 per cent each.In the broader market, the S&P BSE MidCap index was down 1 per cent to 14,721, while the S&P BSE SmallCap ended the day 110 points, or 0.76 per cent, lower at 14,366. BUZZING STOCKS RITES shares rallied 6.05 per cent to Rs 293.65 on the BSE on Friday after the company said its board will meet on June 24, 2019 to consider bonus issue proposal. Gruh Finance shares slipped 8 per cent to Rs 285 on the BSE in early morning trade after the promoter Housing Development Finance Corporation (HDFC) sold more than 4 per cent of the company's paid-up capital in the open market. However, the stock ended the day 5.4 per cent lower at Rs 291.85. 
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow. 

STOCK MOVES OF 13 JUN 2019

Market ended flat on Thursday with gains being capped by banking and auto stocks. Weak global cues and rising retail inflation, too, contributed to a lackluster trade.The broader Nifty50 settled just above the psychological level of 11,900 at 11,914 mark, up a modest 8 points, or 0.07 per cent. Among sectoral indices, public sector banks, metals and IT stocks lost ground. Indiabulls Housing up 10% on withdrawal of PIL in fund siphoning off case

YES Bank dips 6% to hit 40-month low as global brokerage downgrades stock Tyre stocks under pressure as rubber prices rise; Ceat hits 52-week low IndusInd Bank dips 8% to hit 3-week low after UBS downgrades scrip to sell Jet Airways tanks 23% after BSE, NSE put trading restrictions w.e.f June 28 NMDC skids 7% after protests halt iron ore production at Chhattisgarh unit

MARKET SUMMARY OF 12 JUN 2019

The benchmark S&P BSE Sensex closed at 39,757 levels, down 194 points or 0.48 per cent with Tata Steel and ONGC being the top gainers while YES Bank and Maruti Suzuki were the top stragglers. The market breadth remained in favor of decline with 122 shares advancing and 320 shares slipping. The broader NSE Nifty50 settled at 11,906 levels, down 59 points or 0.5 per cent. While realty stocks took the hardest beating, with the index sliding over 2 per cent, banks, financial services and auto stocks skid over a per cent each. Metal scrips were the only sectoral gainer, rising 0.3 per cent.In the broader market, the S&P BSE Midcap settled 118 points lower at 14,922 levels while the BSE Smallcap ended 70 points lower at 14,549 levels.Buzzing stocks Shares of newly-listed Neogen Chemicals hit a new high of Rs 337, up 10 per cent on the BSE in an otherwise weak market on Wednesday. The stock, which got listed on the bourses on May 8, 2019, has rallied 57 per cent against its issue price of Rs 215 per share. The stock finally settled at Rs 364 per share, up 18.48 per cent.Indiabulls Housing Finance dropped out of the club of 100 most valued companies in terms of market capitalisation  after a sharp decline in stock price over the past few sessions. The fall comes on the back of reports alleging that the firm has misappropriated Rs 98,000 crore of public money.

STOCK MOVES OF 11 JUN 2019

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Benchmark indices ended higher, lifted by bank and metal stocks, for third consecutive trading session on Tuesday that also saw Sensex and Nifty reclaim the 40,000-mark and 12,000-mark, respectively, during intra-day trade although the indices settled at lower levels by the end.In the broader market, the S&P BSE MidCap index jumped 118 points to 15,040, while the S&P BSE SmallCap index rose 34 points  to 14,619.BUZZING STOCKSShares of all listed Indiabulls Group companies were under pressure, falling up to 10 per cent on the BSE during the early morning trade on Tuesday after media reports alleged Indiabulls Housing Finance Limited (IHFL) for misappropriating Rs 98,000 crore of public money.Shares of Eveready Industries slipped up to 4 per cent to Rs 86.55 apiece on the National Stock Exchange (NSE) during the early morning deals on Tuesday after credit ratings agency India Ratings and Research (Ind-Ra) downgraded the company's long-term credit ratings. The stock ended the day 1 per cent lower at Rs 90.Shares of Sterlite Technologies surged 12 per cent to Rs 193 in intraday trade on the BSE on Tuesday on the back of heavy volumes after promoter Twin Star Overseas removed entire pledge on the company's shares. The share ended the day 10.81 per cent higher at Rs 191.75. 

MARKET SUMMARY OF 10 JUN 2019

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On the weekly chart, Nifty has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 11,970, it would witness buying that would lead Benchmark indices ended Monday's session with gains, lifted by tech stocks, in line with global stock markets that were buoyed by a deal struck between the US and Mexico to avoid a tariff war, and weak US jobs data that raised hopes of rate cuts by the Federal Reserve.In the broader market, the S&P BSE MidCap was up 17 points, or 0.11 per cent, to 14,923, while the S&P BSE SmallCap dipped 72.5 points, or 0.49 per cent, to 14,585.BUZZING STOCKS Shares of Jammu & Kashmir (J&K) Bank tanked 20 per cent to Rs 47.60 apiece on the BSE on Monday after reports suggested that the Anti-Corruption Bureau alleged Parvez Ahmed, now-removed chairman-cum-managing director, of indulging in corrupt activities. The stock, however, ended the day at Rs 52.25, down 12.11 per cent. Shares of Jet Airways (India) were trading 8 per cent lower on the BSE in the morning deals on Monday after concerns over a potential government-led investigation surfaced, implying derailment of the revival plan of the cash-strapped airline.

MARKET SUMMARY OF 7 JUN 2019

Benchmark indices ended Friday's volatile session with marginal gains, lifted by HDFC twins and bank stocks amid weakness in pharma counters.The broader Nifty50 index added 27 points, or 0.23 per cent, to 11,871. About 1058 shares advanced, 1390 shares declined, and 146 shares remained unchanged on the NSE.

BUZZING STOCKSShares of Eros International Media on Friday plunged 20 per cent to hit a new low of Rs 42.50 despite the company's clarification on credit rating downgrade by CARE Ratings, which had cut its long-term loan facilities ratings from 'BBB-' to 'D'.Shares of Indiabulls Real Estate (IBREL) rallied as much as 15 per cent to Rs 151 apiece on the BSE on Friday after the promoters sold 14 per cent of their holding in the company through open market. However, the stock ended the day 2.58 per cent lower to Rs 128.20.  Shares of Manappuram Finance slipped 10 per cent in the intra-day trade to quote Rs 124 apeice on the BSE on Friday after markets regulator, Securities and Exchange Board of India (Sebi), issued notice to five Asset Management Companiealleging insider trading in favour of the company. The stock, however, pared some of its losses later in the day to settle at Rs 131.90, down 4.18 per cent. 

MARKET FACED A DOWNFALL 06 JUN 2019

Financials drop post DHFL crisis, liquidity issues, and trimmed GDP growth projections were among the major factors that dragged the markets lower on Thursday.  The benchmark S&P BSE Sensex slipped 554 point, to 39,530, with IndusInd Bank, Tata Steel, YES Bank, Larsen & Toubro, and State Bank of India were among the top losers. Only eight of the 30 BSE Sensex constituents ended the day in the green. The broader Nifty50 index tumbled 178 points to 11,844.Buzzing stocksShares of Dewan Housing Finance Corporation (DHFL) tanked 15.86 per cent to Rs 93.90, hitting an over five-year low on the BSE after rating agencies downgraded its commercial papers, citing delays in debt servicing. The stock was trading at its lowest level since December 23, 2013 on the BSE.  Shares of Eros International Media were hammered by heavy selling during the early morning deals on Thursday after ratings company CARE cut its long-term loan facilities ratings from 'BBB-' to 'D'. The stock was locked in the lower circuit of 20 per cent at Rs 53.10 per share on the BSE, which was also its lifetime low. Shares of GAIL (India) hit an over three-month low of Rs 316.3, down 11.77 per cent, on the BSE on the back of heavy volumes. The stock was quoting at its lowest level since February 26, 2019. 

MARKET EYEING RBI POLICY ON 6 JUN

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Benchmark indices ended Tuesday's session with losses, weighed down by tech stocks, as investors booked profit after both Sensex and Nifty's close at heady heights in the previous session.The broader Nifty50 index slumped 67 points to 12,022. The market breadth was in favour of sellers. About 990 stocks declined and 789 shares advanced on the NSE.Tuesday was the last trading day ahead of the RBI monetary policy outcome on Thursday, as the stock market will be closed on Wednesday on account of Eid-al-Fitr. Two-thirds of 66 economists polled by Reuters expect the MPC to wrap up on Thursday by cutting the repo rate by 25 basis points. 

Buzzing stock Manappuram Finance hits fresh all-time high; surges over 50% in 2019

PSU banks rally; Oriental Bank, Syndicate Bank up over 5% in subdued market

GE Power rallies 5% on winning Rs 738 crore Aravali Power contract

US launches antitrust probe into big tech firms; FB, Amazon shares drop

MARKET SUMMARY OF 03 JUN 2019

Despite negative global cues, bulls were able to make Sensex and Nifty to touch fresh record highs. Sensex hit a fresh record high of 40,308 while Nifty50 surpassed 12,041 to hit a fresh life high of 12,103 in intraday trade on June 3.At close, Sensex reached a record high of 40,268 while Nifty ended 165 points higher at 12,089.Buzzing stock Hero MotoCorp gains 4% on May auto sales numbers SpiceJet hits new high, IndiGo nears record high on ATF prices cut Apollo Hospitals rallies 12% in two days on strong Q4 results Economists caution govt over fiscal stimulus, call for RBI rate cut

STOCK MOVES OF 31 MAY 2019

Benchmark indices ended Friday's session with cuts, dragged down by bank stocks, after giving up the early gains during which they reclaimed the crucial 40,000 and 12,000 levels, respectively.The broader Nifty50 index finished at 11,923, down 23 points, or 0.19 per cent. On a weekly basis, both Sensex and Nifty posted a gain of 0.8 per cent.

BUZZING STOCKSShares of Hindustan Petroleum Corporation (HPCL) hit a 52-week high of Rs 330, up 4 per cent, before ending the day 2.05 per cent higher at Rs 234.15 on the BSE, lifted by strong earnings in March quarter  and fall in crude oil prices. In comparison, the S&P BSE Sensex was up 5 per cent during the same period. Coal India shares rallied as much as 4.11 per cent in the morning deals on Friday, a day after the company reported an impressive 362.46 per cent jump in its net profit at Rs 6,024.23 crore for the quarter ended March 31, 2019. The stock ended the session 0.18 per cent higher at Rs 253.35.