Benchmark
indices ended Friday's session with cuts, dragged down by bank stocks, after
giving up the early gains during which they reclaimed the crucial 40,000 and
12,000 levels, respectively.The
broader Nifty50 index finished at 11,923, down 23 points, or 0.19 per cent. On
a weekly basis, both Sensex and Nifty posted a gain of 0.8 per cent.
BUZZING STOCKSShares of Hindustan Petroleum Corporation (HPCL) hit a
52-week high of Rs 330, up 4 per cent, before ending the day 2.05 per cent
higher at Rs 234.15 on the BSE, lifted by strong earnings in March quarter and fall in crude oil prices. In comparison, the S&P BSE Sensex was up 5 per cent during the same period. Coal India shares rallied as much as 4.11 per cent in the
morning deals on Friday, a day after the company reported an impressive 362.46
per cent jump in its net profit at Rs 6,024.23 crore for the quarter ended
March 31, 2019. The stock ended the session 0.18 per cent higher at Rs 253.35. Saturday, June 1, 2019
Thursday, May 30, 2019
MARKET SUMMARY OF 30 MAY 2019
The Nifty 50 after opening flat gained strength as the day progressed
and ended May series at record closing high on May 30 ahead of the swearing-in
ceremony of Modi government.Nifty reversed its previous day's losses and formed
bullish candle on daily charts, but further upside is possible only if it
registers a decisive close above 12,041 Buzzing Stocks Voltamp Transformers rallies 10% on dividend bounty,
good Q4 results Info Edge gains 9% in three days on strong Q4 results; stock
hits new high IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs
200 on NSEPC Jeweller extends fall ahead of Q4 results; stock slips 25% in four
days Manpasand Beverages hits record low.
Wednesday, May 29, 2019
STOCK MOVES OF 29 MAY 2019
FOR FREE TRIAL FILL THE FORM>>>>
Nifty traded lower for major part of session to
snap three-day winning streak and closed in the red on May 29 ahead of the
expiry of May futures and options contracts on May 30. The index formed a
bearish candle on daily charts. Bank,
auto, and metal stocks suffered the deepest cuts.In the broader
market, the S&P BSE MidCap index slumped 126 points, to trade around 15,001
levels, while the S&P BSE SmallCap dipped 86 points, to end at 14,934.BUZZING
STOCKSLogistics stocks were in focus in early morning trade on
the BSE on Wednesday on the back of heavy volumes amid expectations of earnings
improvement. Adani Gas shares hit a new
high of Rs 174 before ending the day 2.6 per cent higher at Rs 167.45 on the
BSE on the back of strong numbers in March quarter results. In comparison, the
S&P BSE Sensex was up 0.65 per cent during the same period. Jubilant Life
Sciences shares continued to remain under pressure, hitting 33-month low of Rs
501.10, down 2.7 per cent on the BSE on Wednesday. The stock has fallen 19 per
cent in the past nine trading days, after reporting weak March quarter
earnings. The stock was quoting at its lowest level since August 29, 2016.
Tuesday, May 28, 2019
MARKET SUMMARY OF 28 MAY 2019
Nifty took a breather on May 28
after a sharp rally in the last two sessions but still managed to end at record
closing high amid consolidation.The index opened on a positive note at
11,958.35, which was also an intraday high but after few minutes of trade,
slipped into the red and traded with a negative bias for the most part of the
session to hit a day's low of 11,864.90.Benchmark
indices ended Tuesday's volatile session with marginal gains, to close in the
green and at record levels for the third consecutive session.The indices
were either flat or in the red for majority of the day, but were pulled up by a
buying spree in the last half an hour.In the broader market, the S&P BSE
MidCap index was trading 13 points or 0.09 per cent higher at 15,127 while the
S&P BSE SmallCap index was trading at 15,020, up 61 points or 0.41 per
cent. BUZZING STOCKS Shares of aviation companies were in focus
with InterGlobe Aviation, the operator of IndiGo, hitting a new high of Rs
1,716, up 3 per cent, on the BSE in Tuesday's early morning trade, after its
quarterly profit surged five-fold in March quarter. However, the stock
ended the session with losses at Rs 1,659.10.Shares of Natco
Pharma hit a new low of Rs 482, down 8 per cent on the BSE in early morning
trade, after the company reported a decline in net profit for the second
consecutive quarter, due to lower revenue growth The stock, however, recovered
the losses to finish with 1 per cent gain at Rs 530.50..
Monday, May 27, 2019
STOCK MARKET REVIEW OF 27 MAY 2019
Driven by banking and metals stocks, Nifty closed above
11,900 levels and formed a bullish candle on the daily charts. The index
rallied 80 points higher to end at record closing high of
11,924 and is 116 points away from its life-time high of 12,041 levels. Benchmark
indices finished Monday's session at a record closing high, lifted by HDFC
twins and Larsen & Toubro. The broader Nifty50 broke past the 11,900-mark
to end the day at 11,925, up 81 points. The market breadth was tilted in favour
of buyers. About 1,331 stocks gained and 470 shares declined on the NSE. BUZZING STOCKS Manpasand Beverages shares were on
Monday locked in lower circuit, down 20 per cent at Rs 88, on the BSE, with
huge sell orders on the counter, after the company’s top management was
arrested in a Rs 40 crore Goods and Services Tax fraud case. Lupin shares
slipped 2.5 per cent to Rs 744.10 on the BSE after the US health regulator
classified the inspection of the company's Goa facility as Official Action
Indicated. Shares of Page Industries hit a 52-week low of Rs 19,730 apiece
on Monday, plunging 10 per cent on the BSE before ending the day lower at Rs
19,678.5 after the company delivered its worst-ever quarterly performance.
While the revenue grew flat, earnings declined mainly due to weak demand, high
base and intensifying competition in the March quarter earnings.
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