MARKET SUMMARY OF 7 JUN 2019

Benchmark indices ended Friday's volatile session with marginal gains, lifted by HDFC twins and bank stocks amid weakness in pharma counters.The broader Nifty50 index added 27 points, or 0.23 per cent, to 11,871. About 1058 shares advanced, 1390 shares declined, and 146 shares remained unchanged on the NSE.

BUZZING STOCKSShares of Eros International Media on Friday plunged 20 per cent to hit a new low of Rs 42.50 despite the company's clarification on credit rating downgrade by CARE Ratings, which had cut its long-term loan facilities ratings from 'BBB-' to 'D'.Shares of Indiabulls Real Estate (IBREL) rallied as much as 15 per cent to Rs 151 apiece on the BSE on Friday after the promoters sold 14 per cent of their holding in the company through open market. However, the stock ended the day 2.58 per cent lower to Rs 128.20.  Shares of Manappuram Finance slipped 10 per cent in the intra-day trade to quote Rs 124 apeice on the BSE on Friday after markets regulator, Securities and Exchange Board of India (Sebi), issued notice to five Asset Management Companiealleging insider trading in favour of the company. The stock, however, pared some of its losses later in the day to settle at Rs 131.90, down 4.18 per cent. 

MARKET FACED A DOWNFALL 06 JUN 2019

Financials drop post DHFL crisis, liquidity issues, and trimmed GDP growth projections were among the major factors that dragged the markets lower on Thursday.  The benchmark S&P BSE Sensex slipped 554 point, to 39,530, with IndusInd Bank, Tata Steel, YES Bank, Larsen & Toubro, and State Bank of India were among the top losers. Only eight of the 30 BSE Sensex constituents ended the day in the green. The broader Nifty50 index tumbled 178 points to 11,844.Buzzing stocksShares of Dewan Housing Finance Corporation (DHFL) tanked 15.86 per cent to Rs 93.90, hitting an over five-year low on the BSE after rating agencies downgraded its commercial papers, citing delays in debt servicing. The stock was trading at its lowest level since December 23, 2013 on the BSE.  Shares of Eros International Media were hammered by heavy selling during the early morning deals on Thursday after ratings company CARE cut its long-term loan facilities ratings from 'BBB-' to 'D'. The stock was locked in the lower circuit of 20 per cent at Rs 53.10 per share on the BSE, which was also its lifetime low. Shares of GAIL (India) hit an over three-month low of Rs 316.3, down 11.77 per cent, on the BSE on the back of heavy volumes. The stock was quoting at its lowest level since February 26, 2019. 

MARKET EYEING RBI POLICY ON 6 JUN

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Benchmark indices ended Tuesday's session with losses, weighed down by tech stocks, as investors booked profit after both Sensex and Nifty's close at heady heights in the previous session.The broader Nifty50 index slumped 67 points to 12,022. The market breadth was in favour of sellers. About 990 stocks declined and 789 shares advanced on the NSE.Tuesday was the last trading day ahead of the RBI monetary policy outcome on Thursday, as the stock market will be closed on Wednesday on account of Eid-al-Fitr. Two-thirds of 66 economists polled by Reuters expect the MPC to wrap up on Thursday by cutting the repo rate by 25 basis points. 

Buzzing stock Manappuram Finance hits fresh all-time high; surges over 50% in 2019

PSU banks rally; Oriental Bank, Syndicate Bank up over 5% in subdued market

GE Power rallies 5% on winning Rs 738 crore Aravali Power contract

US launches antitrust probe into big tech firms; FB, Amazon shares drop

MARKET SUMMARY OF 03 JUN 2019

Despite negative global cues, bulls were able to make Sensex and Nifty to touch fresh record highs. Sensex hit a fresh record high of 40,308 while Nifty50 surpassed 12,041 to hit a fresh life high of 12,103 in intraday trade on June 3.At close, Sensex reached a record high of 40,268 while Nifty ended 165 points higher at 12,089.Buzzing stock Hero MotoCorp gains 4% on May auto sales numbers SpiceJet hits new high, IndiGo nears record high on ATF prices cut Apollo Hospitals rallies 12% in two days on strong Q4 results Economists caution govt over fiscal stimulus, call for RBI rate cut