MARKET SUMMARY OF 10 MAY 2019

 The market remained in the bear grip throughout the week and pushed the Nifty 50 below crucial support levels on closing basis. The Nifty 50 plunged 3.7 percent while the S&P BSE Sensex was down by 3.8 percent to post their biggest loss since October 2018 for the week ended May 10.Trade tensions between the US and China muted corporate earnings from India Inc, election uncertainty and persistent selling by foreign institutional investors led to the fall in Indian markets. ICRA looking into IL&FS rating issue, hires external experts for assistance Tata-Thyssenkrupp JV plan fails to clear Europe's anti-trust hurdle.SBI: Market leader misses estimates but delivers the goods on asset quality

MARKET SUMMARY OF 09 MAY 2019

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Selling was seen in sectors like energy, telecom, power, metals, and oil & gas while buying was seen in IT, consumer durables and auto index..Closing Bell: Nifty ends at 11,300, Sensex falls 230 pts; LIC raises stake in 35 companies, reduces holding in 70.RBL Bank, ICICI Lombard among 4 stocks eligible for inclusion in MSCI India index.In the broader market, Nifty Midcap and small caps were trading flat with a negative bias with both the indices trading 0.01 and 0.11 per cent lower, respectively. BUZZING STOCKS.Shares of YES Bank fell about 2.5 per cent to Rs 157 on the BSE during the early morning trade on Thursday after rating agency India Ratings  downgraded the bank’s long-term ratings even as it reaffirmed the short term rating. Avadh Sugar & Energy shares surged 13 per cent to Rs 518 in early morning trade on the BSE on Thursday after the company announced that the board will meet on Monday (May 13) to consider maiden bonus issue. Shares of 63 Moons Technologies (formerly known as Financial Technologies India) were locked in upper circuit for the seventh straight trading day after surging 10 per cent to Rs 184, also its 52-week high on the BSE in an otherwise weak market. 

MARKET SUMMARY OF 8 MAY 2019

The broader Nifty50 index of the National Stock Exchange slipped below the crucial 11,400 level to end at 11,359, down 138 points . Out of 50 constituents, 40 ended in the red and just 10 in the green. All the sectoral indices on NSE ended in the red. Media stocks took the hardest knock, followed by realty and PSU bank stocks. The Nifty Media index settled at 2,134, down 101 points.

STOCKS THAT MADE NEWS Reliance Industries: Shares of Reliance Industries (RIL) hit an eight-week low on the BSE on Wednesday. The stock has lost 7 per cent in the past three trading days. It ended at Rs 1,299.45 apiece on BSE, down over 3 per cent.  Essel Group shares: Shares of Subhash Chandra-led Essel Group companies were under pressure on Wednesday with Zee Entertainment Enterprises (ZEEL) and Dish TV India falling more than 8 per cent each on the BSE. The fall comes despite the group's assurance that the stake sale process of Zee Entertainment Enterprises was at an "advanced stage." At close, ZEEL stood at Rs 333, down 10 per cent while Dish TV India settled nearly 2 per cent lower at Rs 31. Vodafone Idea: Vodafone Idea shares hit a new low of Rs 13.65, down 12 per cent on Wednesday, declining 17 per cent in past two trading days on the BSE, on back of two-fold jump in trading volumes. The stock ended at Rs 14.35, down over 7 per cent. 

STOCK MARKET REVIEW OF 06 MAY 2019

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The benchmark indices made a subdued start to the week with metal stocks taking the heaviest hit after US President Donald Trump's comment that he would raise tariffs on $200 billion of goods to 25 per cent on Friday from 10 per cent roiled the global markets.The broader Nifty50 index was down 114 points, at 11,598. About 1,146 stocks declined and 588 shares advanced on the National Stock Exchange.BUZZING STOCKSCadila Healthcare shares hit a 52-week low of Rs 292, down 4 per cent in early morning trade on Monday after getting 14 observations from US health regulator for its Moraiya plant. However, the stock recovered later in the day to end 1.22 per cent higher at Rs 307.70.  Shares of YES Bank slipped 5.3 per cent to Rs 166.30 after rating agency Icra downgraded the bank's tier-I and tier-II bonds and infrastructure debt on deterioration in the credit quality of large ticket borrowers.  Goldiam International bucked the day's trend to surge 11.93 per cent to Rs 113.55 after hitting its 52-week high of Rs 117 earlier in the day after investor Ramesh Damani bought more than 1 percentage point stake in the company through open market.