MARKET SUMMARY OF 26 APR 2019

Late buying helped benchmark indices to close the first day of May series near day's high level with Nifty finished above 11,750 mark. At close, the Sensex was up 336 points at 39067, while Nifty was up 112 points at 11754. About 1085 shares have advanced, 1410 shares declined, and 153 shares are unchanged. Tata Steel, BPCL, GAIL, ICICI Bank and JSW Steel were the top gainers on the Nifty, while losers include Tata Motors, Bajaj Auto, Grasim Industries, Dr Reddy’s Labs and Bharti Airtel.Among the sectors, except auto all other sectors ended in green led by metal, bank, energy, IT, pharma and FMCG. Oil can hit 100; poses biggest risk to Indian equitiesBuzzing stock GHCL surges 10% on healthy March quarter results.Tata Steel rallies 7% as Q4 profit beats estimatesMaruti Suzuki down for sixth straight day on disappointing Q4 results.

STOCK MOVE OF 25 APR 2019

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Late selling pressure pulled Nifty50 sharply lower on the day of F&O expiry of April derivative contracts and rising crude oil prices. In April series, however, the index gained 0.62 percent.The index closed below 11,700 levels on April 25 dragged by banking & financials, FMCG and auto stocks, and formed bearish candle.Nifty index, which traded in wider range of 11,620 to 11,800 zones on its April monthly expiry day, could stabilize around 11,600 levels in coming sessions, but if it breaks 11,564 there could be sharp selling pressure. In broader market, BUZZING STOCKS UltraTech Cement ended the day at Rs 4,622.30, a 5.14 per cent gain, after the company reported strong performance in the March quarter. The stock also hit its new all-time high of Rs 4,686.30.  Six companies - Reliance Industries, HCL Technologies, Titan Company, Bajaj Finserv, UltraTech Cement, and UPL - from the Nifty50 index hit their respective fresh record highs on the National Stock Exchange  on Thursday. The stock of Maruti Suzuki ended the day 2.23 per cent lower at Rs 6,868.05 after the company reported a net profit of Rs 1,795.6 crore for the March quarter of financial year 2018-19 , down 4.6 per cent on year-on-year  basis. 

MARKET REVIEW OF 24 APR 2019

Nifty50, after consolidation, gained solid strength in last hour of trade and snapped three-day losing streak on April 24 as bulls staged a comeback, driven by banking & financials and technology stocks.The index closed above 11,700 levels ahead of expiry of April derivative contracts and formed strong bullish candle on daily charts .11,564 is a crucial level for bulls to sustain momentum adding the correction phase may end if the index closes above 11,787. Buzzing stocks ACC falls 5% to Rs 1,578 on lower-than-expected Q1 operating performance.UltraTech Cement rebounds 5% from day's low on strong Q4 results.Indiabulls Real Estate surges 13% on divestment plan of unit Century

MARKET SUMARRY OF 23 APR 2019

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Markets ended in the red for the second consecutive session on Tuesday, weighed down by auto stocks, to hit their lowest levels in almost a month.The Sensex ended the day at 38,565, down 80 points, with Maruti, YES Bank, IndusInd Bank, TATA Steel and NTPC among the biggest losers.  Out of 30 components, 20 scrips ended in the red and rest 10 in the green. Broader index Nifty50 failed to hold the 11,600 level and ended the day at 11,576, slipping 18 points, or 0.16 per cent.  India VIX, a guage to measure volatility, moved up over 2.3 per cent to 24.60 levels.In the broader market.Indian indices ended lower on Tuesday as Nifty failed to hold 11,600 level.

MARKET SUMMARY OF 22 APR 2019

Market close: Indian indices ended at day's low as selling pressure dragged Nifty below 11,600, while Sensex also fell nearly 500 points. At close, the Sensex was down 495points at 38,645, while Nifty was down 158 points at 11,594. About 747 shares have advanced, 1751 shares declined, and 166 shares are unchanged. Indiabulls Housing, Yes Bank, BPCL, IndusInd Bank and IOC were top losers on the Nifty, while gainers were Bharti Airtel, Wipro, TCS, Tech Mahindra and Infosys.Among the sectors except IT all other indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG. Dewan Housing Finance Corporation shares plunged 11 per cent to end the day at Rs 140, extending its Thursday’s 8 per cent decline after rating agency CRISIL downgraded credit rating of the company's commercial paper and continued on watch negative.  Shares of state-owned oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation and Indian Oil Corporation dipped almost 6 per cent after a steep rise in the crude oil prices.