MARKET SUMMARY OF 26 JUL 2019

Domestic indices ended Friday's lackluster trade with marginal gains. The benchmark S&P BSE Sensex and broader Nifty50 traded range-bound for better part of the day tracking corporate earnings and weakness in global markets. The Sensex ended 52 points, higher at 37,883 levels pulled up by automobile manufacturers, banking and financial stocks. YES Bank, Bajaj Finance, Hero Moto Corp, and M&M ended the day as top gainers while Vedanta, HDFC, Bharti Airtel, and Reliance were the top laggards at the close. On the other hand, Nifty50 settled at 11,284 mark, up 32 points In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, higher at 13,060 levels. Sectorally, all the indices ended in the green barring Nifty IT index. Nifty Auto index was the top performing index, closing with gains of over 2 per cent. Nifty Bank, including private bank and public sector bank indices, and Nifty Pharma ended with gains of a per cent each. Buzzing stock IDFC First Bank gains 14% in two days post June quarter results Tata Motors hits over 7-year low on weak Q1 results; recovers later Result impact Bajaj Auto surges up to 5% on better-than-expected Q1 net profit

MARKET SUMMARY OF 19 JUL 2019

Market saw the third-worst fall of 2019 on Friday as benchmark indices S&P BSE Sensex and Nifty50, both, fell to two-month low. The indices touched intra-day lows of 38,271 level at Sensex and 11,399 mark at Nifty. 'Super-rich tax' concerns on FPI, trade war tensions and weak corporate earnings contributed to the fall.The Sensex tanked 560 points, or 1.44 per cent, to close at 38,337 levels with 26 of the 30 stocks listed at the index ending in the red. IndusInd Bank, Bajaj Finance, M&M, and YES Bank were the top laggards while only NTPC, TCS, PowerGrid and ONGC ended in the green. The Nifty50, too, lost 178 points, or 1.53 per cent, to settle at 11,419 mark. Of the 50 stocks listed at the index, only 7 stocks advanced while the remaining 43 declined.  Sectorally, all the indices ended in the red. Nifty Auto index, too, tanked to two-month low to end 3.31 per cent lower. This was followed by losses in Nifty Private Bank index and Nifty Pharma index, down 2.45 per cent and 2.23 per cent respectively. The Nifty Auto index hitting a three-year low on Friday. Thus far in the calendar year 2019, auto index slipped 21 per cent, against 5 per cent rise in the benchmark index. M&M, Motherson Sumi Systems, TVS Motor Company, Exide Industries, Escorts, MSIL, Eicher Motors, Hero MotoCorp, Bosch and Ashok Leyland have seen market value erosion of more than 22 per cent during the period. 

MARKET SUMMARY 15 JUL 2019

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Positive global sentiment lifted pharma and information technology stocks on Monday. Consequently, markets ended in the positive territory.Encouraging Chinese GDP data for April-June quarter boosted investors' sentiment as it suggested the world’s second-biggest economy may be starting to stabilise.The S&P BSE Sensex settled 160 points, or 0.41 per cent, higher at 38,897 levels with Infosys, Sun Pharma, Tech Mahindra and Maruti being the top gainers. On the contrary, IndusInd Bank, L&T, ITC and Bharti Airtel were the top laggards. The broader Nifty50 too settled with gains of 36 points, at 11,588 levels. In the broader market, the S&P BSE MidCap settled 88 points, lower at 14,466 levels while the S&P BSE SmallCap closed 87 points lower at 13,689  levels.Sectorally, Nifty IT was the biggest gainer, closing nearly 3 per cent higher while Nifty Pharma index closed 1 per cent up. Among the laggards,.Buzzing stocks Allahabad Bank tanks 15% after reporting Rs 1,775 cr fraud by Bhushan PowerInfosys jumps over 5% on healthy Q1 results, other IT stocks rise too Indoco Remedies slips 12% on warning letter from USFDA for Goa plant Avenue Supermarts surges 6% after reporting strong numbers for June quarter

MARKET SUMMARY OF 12 JUL 2019

Domestic indices ended Friday's choppy session in the negative territory. The markets remained range-bound, in the positive territory, for most part of the day but were dragged lower by index heavyweights like HDFC Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance. The benchmark S&P BSE Sensex closed at 38,736 levels, down 87 points . Among the gainers, YES Bank, Tata Steel, Sun Pharma and Vedanta topped the charts while ONGC, Bajaj Finance, ONGC and L&T were at the lower end of the spectrum. The broader Nifty50 too settled with cuts. The 50-share index settled at 11,552 levels, down 30 points. In the broader market, the BSE MidCap index ended 59 points, higher at 14,554 levels while the BSE SmallCap index closed 22 points  higher at 13,776 levels.Sectorally, banking, financial services and FMCG counters were under pressure. The Nifty Bank index closed lower followed by Nifty Financial Services index, down 0.29 per cent. Among gainers, Nifty metals, pharma and realty counters were up between.Eris Lifesciences hits record low as stock turns ex-date for share buyback Quess Corp surges 18% on preferential share allotment to Amazon SBI Life Insurance hits record high; surges 34% thus far in FY20 Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6% Den Networks rallies 11% as Co swings to profit in June quarter Oil hovers near 6-week high amid Gulf of Mexico storm, West Asia tensions

STOCK MOVES OF 10 JUL 2019

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Nifty traded lower for a major part of the session and closed tad below 11,500 on July 10, as rising crude prices along with fall in financial services, metals, auto and PSU oil stocks dented sentiment.The index closed below 11,500 for the first time since May 17 and formed bearish candle on daily charts.Nifty after opening lower at 11,536 saw some recovery to hit a day's high of 11,593.70, but slipped into the red after initial one hour of trade and remained lower for rest of session amid volatility. The index closed 57 points lower at 11,498.90. SpiceJet rallies 9% on heavy volumes as IndiGo, Jet Airways slip in trade Metal shares under pressure; JSW Steel, Hindustan Zinc hit 52-week lows Sebi likely to examine surcharge impact on foreign portfolio investors Reliance Capital, Reliance Infra dip for sixth straight day, fall up to 7%.

MARKET SUMMARY OF 9 JUL 2019

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Nifty50 after a roller coaster ride throughout session closed flat on July 9 and formed a 'Hammer' pattern on daily charts. After pricing in tax proposals announced in Budget, the market shifted its focus to June quarter earnings season that will be kicked off by IT major TCS later today.The index after opening lower at 11,531.60 hit an intraday low of 11,461 on weak global cues, but recovered morning losses and hit a day's high of 11,582.55 in the afternoon. Overall it was a consolidation day for the market after a sharp fall seen in the previous two consecutive sessions. The index closed 2.70 points lower at 11,555.90. Maruti Suzuki hits over 2-year low; down 10% in three days Adani Power, Just Dial, Varun Beverages hit 52-week highs BSE Consumer discretionary index hits 52-week low; Bata, DMart down over 3% Mindtree hits 52-week low; stock dips 17% in two days after top mgt resigns Share buyback runs into tax roadblock, govt move may hurt repurchase No clarification over FPI surcharge needed at present, says FM Sitharaman

MARKET SUMMARY OF 8 JUL 2019

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Nifty saw the biggest single-day fall in 2019 on July 8 as the government proposed imposing an additional surcharge on FPIs and Punjab National Bank detected another alleged fraud. The index broke its multiple support of 11,600–11,650 and closed below the same after 35 trading sessions. It closed below 50-DEMA and formed large bearish candle on daily charts as bears have dominated the grip in the market. Jet Airways hits lower circuit for 4th straight day on SFIO probe report Auto stocks skid; Maruti Suzuki, Hero MotoCorp, TVS Motor hit 52-week low Tax proposal in Budget 2019 hits Indian companies' year of share buybacks Mindtree dips 10% on resignation of 3 co-founders as L&T takes control

MARKET SUMMARY OF 5 JUL 2019

Domestic indices plummted on Friday as Modi government's Union Budget for 2019-20 failed to cheers investors. Even though the markets opened higher with the benchmark S&P BSE Sensex zooming past the 40,000 mark to hit 40,032, the index fell over 500 points from the highs.The S&P BSE Sensex closed 395 points, or 0.99 per cent, lower at 39,513 levels with the YES Bank, NTPC and Mahindra & Mahindra being the top laggards. The broader Nifty50 index tanked 136 points, or 1.14 levels, to end at 11,811 levels.In the broader market, S&P BSE Mid-Cap ended 208 points, or 1.39 per cent, lower at 14,726 levels while the S&P BSE Small-Cap dipped 195 points, or 1.36 levels, to settle at 14,142 levels. Sectorally, all the indices ended in the red except Nifty PSU bank and Nifty Bank index that gained after the finance minister announced that the government will pump in Rs 70,000 crore into public sector banks  to strengthen them and enhance their lending capacity.Metals, realty and auto counters were the biggest losers after the Budget proposed import duty hike for auto-parts, metals and other equipment used for manufacturing capital goods. Each index slipped over 3 per cent. PSU Bank index closed 0.18 per cent higher after gaining nearly 4 per cent intra-day on government's proposal to recapitalize banks.

MARKET SUMMARY OF 04 JUL 2019

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Domestic indices ended Thursday's trading session in the green ahead of the Union Budget presentation on Friday, July 5.The S&P BSE Sensex ended 69 points, or 0.17 per cent, higher at 39,908 levels with Bharti Airtel, Tata Motors and IndusInd Bank being the top gainers. The broader Nifty50 too settled at 11,947 levels, up 30 points, or 0.25 per cent.In the broader market, S&P BSE Mid-Cap ended at 14,918 levels while the S&P BSE Small-Cap gained 0.12 per cent, to settle at 14,329 levels. Sectorally, public sector banks' scrips gained the most with the index scaling 2 per cent intra-day. It ended 1.31 per cent higher. This was followed by gains in realty counters. The biggest losers at the bourses were metal and pharma scrips with their index sliding 1.11 per cent and 0.64 per cent respectively.Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis.Shares of IndiaMART InterMESH  made a strong debut on the bourses, by listing at Rs 1,180, 21 per cent higher against its issue price of Rs 973 apiece on the National Stock Exchange and BSE.

MARKET SUMMARY OF 3 JUL 2019

Nifty after a rangebound session closed flat with a positive bias on July 3 as traders eagerly await Union Budget 2019 scheduled to be presented on July 5.The index closed above 11,900 for a second consecutive session after consolidating in a narrow trading band of 11,888 to 11,950 for the most part of the day. Earnings alert Samsung likely to report 60% decline in Q2 profit, lowest in 3 years. Icra downgrades McLeod to default in fourth rating action since April. ICICI inks pact with Indostar Capital to finance commercial vehicles .Indiabulls Fin to buyback NCDs, masala bonds worth Rs 2,705 cr in Sept. PNC Infratech nears record high; stock surges 47% in two months

MARKET SUMMARY OF 2 JUL 2019

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Domestic indices ended Tuesday's volatile trade with gains. The indices traded in the red for better part of the day, tracking concerns on weak global growth across

world markets coupled with rising trade tensions.The losses were, however, pared against last hour buying in select stocks such as HDFC twins, Infosys, Reliance and ONGC.The S&P BSE Sensex ended 130 points, or 0.30 per cent, higher at 39,816 levels with ONGC, HDFC and Bharti Airtel being the top gainers. The broader Nifty50 too settled with gains of 45 points, or 0.38 per cent, at 11,910 levels.In the broader market, S&P BSE Mid-Cap ended 56 points, or 0.38 per cent higher at 14,945 levels while the S&P BSE Small-Cap gained 0.52 points to settle at 14,283 levels.Sectorally, realty scrips were under pressure with the index with ending 1.5 per cent lower. This was followed by losses in pharma and bank counters. Nifty IT index settled nearly a per cent higher followed by metal index. BSE suspends trading of JK Pharmachem and 7 others on investors' complaintStock of the day ICRA slips 6% after it sends MD and CEO Naresh Takkar on sudden leave Another Cox & Kings default drags stock to fresh all-time low Why bond traders are seen forgiving Modi govt on wider budget deficit Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India Ola Electric gets $250 mn from SoftBank, becomes India's newest unicorn Hindustan Zinc stock turns attractive after the recent correction

MARKET SUMMARY OF 1 JUL 2019

Domestic indices ended at a three-week closing high on Monday tracking positive global sentiment stemmed from trade truce between the US and China. Heavy buying was witnessed across finanicals, banking, automobiles and realty stocks.The S&P BSE Sensex ended 292 points  higher at 39,686 levels with Tata Motors, Bajaj Auto and HDFC being the top gainers. The broader Nifty50 too ended the session with gains of 77 points, at 11,866 levels.In the broader market, S&P BSE Mid-Cap ended 81 points  higher at 14,889 levels while the S&P BSE Small-Cap gained 43 points , to settle at 14,283 levels. Sectorally, realty led the rally with a gain of over 2 per cent. This was followed by gain in automobiles, pharma and bank counters, which rose about a per cent each.  SBI, Syndicate Bank: Should you buy PSU banks ahead of Union Budget 2019? Stock alert Reliance Infra slips 10% on rating downgrade by Brickwork VA Tech Wabag soars 14% on hopes of water mgt announcement in Budget 2019 Bank of Baroda down 1% post report of Rs 3,000 cr loan purchase from DHFL Torrent Power soars on power agreement with Gujarat Electricity Comm Buzzing stock Eveready Industries locked in 5% lower circuit after PwC resigns as auditor.