Snapping its eight-day
rally, the S&P BSE Sensex ended 222 points lower at 38,165 as investors
booked profit in recent gainers. Besides, selling in auto stocks, too, weighed
on the sentiment. The broader Nifty50 index of the National Stock Exchange ended below the crucial 11,500 level at 11,457, down 64 points or 0.56
per cent. Market breadth remained in favour of declines as out of 2,859
companies traded on BSE, 1,697 declined and 1,017 advanced while 145 stocks
remianed unchanged. On a weekly basis, Sensex gained 0.36 per cent while
Nifty added 0.26 per cent. Sectorally, barring realty stocks, all the
indices declined. PSU banks bled the most, followed by media and auto stocks.
The Nifty PSU Bank shed 2 per cent to end at 3,124 while the Nifty Auto index
lost 1.28 per cent to close at 8,337.
Friday, March 22, 2019
Wednesday, March 20, 2019
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What a rally the market had in last one month! No one had
predicted that pre-election rally would lift Sensex more than 3,000 points and
Nifty more than 900 points in a single month.The biggest reason behind this
sharp up move is the gush of liquidity from foreign institutional investors.
FIIs net bought nearly Rs 40,000 crore worth of shares in February and March.After
a seven-day rally, the domestic equity market ended on a flat note on Wednesday
amid selling in auto, metals and energy counters. Moreover, investors looked
for further cues before taking bets.
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BUY BHEL FUTURE 2LOTS ABOVE 72 TGT 72.85 74.50 SL 71.10
BUY DLF FUTURE 2LOTS ABOVE 201 TGT 202.50 204.50 SL 199.50
BUY BHEL FUTURE 2LOTS ABOVE 72 TGT 72.85 74.50 SL 71.10
BUY DLF FUTURE 2LOTS ABOVE 201 TGT 202.50 204.50 SL 199.50
Tuesday, March 19, 2019
MARKET SUMMARY 19 MAR 2019
Nifty, after a choppy trade initially, gained strength in the
last couple of hours of trade on March 19 and continued uptrend for the seventh
consecutive session to close above psychological 11,500 level for the first
time since September 14, 2018. A consistent rally brought the market to
overbought levels, hence the upside from hereon looks limited, experts said,
adding the correction or sideways trade could be possible in coming sessions.Nifty
after opening higher at 11,500 remained volatile and hit an intraday low of
11,451.25, but managed to gain strength in the last couple of hours of trade
and hit a day's high of 11,543.85. The index finally closed up 70.20 points at
11,532.40. Reliance Industries (RIL), ITC, Infosys and HDFC Bank
contributed the most to the index's gains while auto stocks and L&T emerged
as the top drags.
Monday, March 18, 2019
STOCK MARKET SUMMARY OF 18 MAR 2019
The last hour buying helped the market to end higher on Monday
with Nifty finished above 11,450 level.At the close, the Sensex was up 70.75
points at 38095, while Nifty was up 35 points at 11462. About 1132 shares have
advanced, 1545 shares declined, and 173 shares are unchanged. HPCL, IOC, Bajaj Finance, BPCL and JSW Steel were the top
gainers on the Nifty, while losers include Maruti Suzuki, Hero Motocorp, Wipro,
Bharti Airtel and HCL Tech.Among the sectors, IT and auto index remained under
pressure throughout the day as they slipped 1 percent each, while some buying
was seen in the metal, energy, FMCG and bank names.
BUZZING STOCKS
Shares of Lupin slipped 6 per cent to Rs 741 on the BSE in early morning trade in an otherwise strong market after the drug maker's Somerset facility was classified as Official Action Indicated (OAI) by the US health regulator. It was trading close to its 52-week low price of Rs 724 on May 15, 2018 in intra-day deal.
Mindtree surged as much as 2.38 per cent to Rs 968.55 in the early trade on Monday after the company announced it will consider share buyback plan on March 20 to fend off attempts by engineering major Larsen & Toubro (L&T) from making a hostile takeover bid
Shares of Lupin slipped 6 per cent to Rs 741 on the BSE in early morning trade in an otherwise strong market after the drug maker's Somerset facility was classified as Official Action Indicated (OAI) by the US health regulator. It was trading close to its 52-week low price of Rs 724 on May 15, 2018 in intra-day deal.
Mindtree surged as much as 2.38 per cent to Rs 968.55 in the early trade on Monday after the company announced it will consider share buyback plan on March 20 to fend off attempts by engineering major Larsen & Toubro (L&T) from making a hostile takeover bid
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