MARKET SUMMARY 16 MAY 2019

Among sectoral indices, only one index ended the day in red, with Nifty Media, Nifty Metal, and Nifty Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per cent, respectively.In the broader market, the S&P BSE MidCap index rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817. Volatility index which is already near 4-year high is trading is expected to surge further as we head towards May 23. It is when stocks which are trading at a premium could face some pressure Volatility to stay till May 23, avoid leverage play.Technical View: Nifty forms bullish candle; short Nifty if it goes below 11,100.BUZZING STOCKS
Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter. 

STOCK MARKET REVIEW OF 15 MAY 2019

Benchmark indices ended with losses, dragged down by metal stocks, on Wednesday due to last hour sell-off after a volatile session.Among sectoral indices, all but two indices in the red, with Nifty Media index and Nifty Metal indices plummeting 3.74 per cent and 2.1 per cent, respectively.In the broader market, the S&P BSE MidCap slipped 95 points  at 14,117, while the S&P BSE SmallCap ended the day 62 points, lower at 13,782. Exit polls are expected to be announced from May 19 evening, once the last phase of the election is over. Therefore, the market is likely to be very volatile from May 20 onwards.Nifty ends below 11,200, Sensex falls 203 points; Yes Bank, Tata Motors tank 8%FIIs consistently raise stake in last 4 qtrs; Technical View: Nifty forms a bearish candle; upside likely to be capped at 11,300 Buzzing stockJet Airways (India) shares slipped 4.18 per cent to Rs 123.70 on Wednesday on the BSE after top executives of the cash-strapped airline resigned with immediate effect.  Shares of Union Bank of India plunged as much as 10.03 per cent to Rs 71.30 apiece in the intra-day trade on Wednesday after the state-run lender said its net loss widened to Rs 3,370 crore in the fourth quarter of 2018-19, mainly on account of higher provisioning. The company had registered a net loss of Rs 2,583.38 crore in the same quarter of the preceding fiscal. 

MARKET SUMMARY 14 MAY 2019

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Benchmark indices snapped their nine-day losing streak, helped by gains in Reliance, ITC. and State Bank of India, to end Tuesday's volatile session with gains.The S&P BSE Sensex ended the day 228 points, higher at 37,319, with Sun Pharma, Bharti Airtel, Vedanta, IndusInd Bank, and State Bank of India among the top gainers. While Sun Pharma gained nearly 6 per cent, the rest of the above-mentioned counters moved up 2.3 per cent to 5.4 per cent. Of the 30 BSE constituents, 16 ended in the green. After moving in a narrow range for the most part of the day, Nifty snapped its 9-day losing streak in the second half of the session to break above 11,200 making a bullish candle on the daily charts. The index surged to an intraday high of 11,294 before closing the day at 11,222.BUZZING STOCKSShares of Tata Steel traded lower for the ninth straight day on Tuesday, down 0.39 per cent on the BSE, at Rs 462.75 apiece. The stock has been falling ever since concerns over the European Commission's likely rejection for the proposed joint venture between the company's European arm and ThyssenKrupp surfaced.Jet Airways slumped 7.42 per cent to Rs 129.10 on the BSE on Tuesday on a news report that Etihad Airways had put in stiff conditions in its bid that includes substantial write down of the Rs 9,000-crore loan.