Thursday, April 18, 2019

STOCK MARKET REVIEW 18 APR 2019


Selling in banks, realty and metal counters dragged the domestic equity market lower on Thursday.S&P BSE Sensex lost 135 points to settle at 39,140, with YES Bank being the biggest loser and Reliance Industries  the top gainer.Market breadth remained in favour of declines as out of 2,727 securities traded on BSE, 1,671 declined and 888 advanced while 168 scrips remained unchanged. The broader Nifty50 index of the National Stock Exchange  lost 34 points to end at 11,753. On a weekly basis, both the indices gained around 1 per cent.

Wednesday, April 17, 2019

MARKET SUMMARY OF 16-04-19


Benchmark indices ended on a strong note on Tuesday after hitting fresh record highs in the intra-day trade on Tuesday. The Sensex  hit a new lifetime high of 39,364.in the trade while the broader Nifty50 index of the National Stock Exchange (NSE) surpassed 11,800 level to hit a record of 11,810.Among sectoral indices, private bank stocks gained the most, followed by financial services and auto stocks. 
BUZZING STOCKS Jet Airways ended around 8 per cent lower at Rs 241.50 apiece on the NSE after reports suggested the airline may shut down its opeartions temporarily.Tata Consultancy Services hit a six-month high, extending its Monday’s 5 per cent rally on the BSE, after the company reported better than expected 2.4 per cent growth in constant currency revenue in the March 2018 quarter of financial year 2018 - 19 The stock settled at Rs 2,132 apiece on BSE. As polling for Lok Sabha elections is underway, Nifty's price structure is indicating a major shift in trend direction.

Monday, April 15, 2019

MARKET SUMMARY OF 15 APR 2019


BUY HEXAWARE FUTURE ABOVE 350.5 TGT 352/355 SL 348

BUY CIPLA FUTURE ABOVE 571 TGT 573/577 SL 566
FOR FREE TRIAL FILL THE FORM>>>>
Benchmark indices  traded  in the positive territory. In the broader market, the S&P BSE MidCap index was trading 87 points higher at 15,513, while the S&P BSE SmallCap index was ruling at 15,139, up 117points, or 0.78 per cent.The rupee opened 10 paise higher at 69.07 against the US dollar on Monday.

BUZZING STOCKSShares of Infosys dipped 5 per cent to Rs 714 on the BSE in early morning deal after the company reported a lower-than-expected margin for the March 2019 quarter at 21.5 per cent. PC Jeweller shares rallied 14 per cent to Rs 128 in intraday trade on Monday, extending its Friday’s 17 per cent surge on the National Stock Exchange  after foreign portfolio investor  bought more than 2 per cent in the company through the open market. The stock was trading at its highest level since July 13, 2018.