MARKET SUMMARY OF 14 JUN 2019

A selloff towards the fag end of Friday's session dragged the benchmark indices lower after a range-bound trade for most part of the day .Reliance Industries and banking stocks remained the top drags for the indices with the Bank Nifty dipping 1.17 per cent .On a weekly basis, both the Sensex slipped 0.5 per cent each.In the broader market, the S&P BSE MidCap index was down 1 per cent to 14,721, while the S&P BSE SmallCap ended the day 110 points, or 0.76 per cent, lower at 14,366. BUZZING STOCKS RITES shares rallied 6.05 per cent to Rs 293.65 on the BSE on Friday after the company said its board will meet on June 24, 2019 to consider bonus issue proposal. Gruh Finance shares slipped 8 per cent to Rs 285 on the BSE in early morning trade after the promoter Housing Development Finance Corporation (HDFC) sold more than 4 per cent of the company's paid-up capital in the open market. However, the stock ended the day 5.4 per cent lower at Rs 291.85. 
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow. 

STOCK MOVES OF 13 JUN 2019

Market ended flat on Thursday with gains being capped by banking and auto stocks. Weak global cues and rising retail inflation, too, contributed to a lackluster trade.The broader Nifty50 settled just above the psychological level of 11,900 at 11,914 mark, up a modest 8 points, or 0.07 per cent. Among sectoral indices, public sector banks, metals and IT stocks lost ground. Indiabulls Housing up 10% on withdrawal of PIL in fund siphoning off case

YES Bank dips 6% to hit 40-month low as global brokerage downgrades stock Tyre stocks under pressure as rubber prices rise; Ceat hits 52-week low IndusInd Bank dips 8% to hit 3-week low after UBS downgrades scrip to sell Jet Airways tanks 23% after BSE, NSE put trading restrictions w.e.f June 28 NMDC skids 7% after protests halt iron ore production at Chhattisgarh unit

MARKET SUMMARY OF 12 JUN 2019

The benchmark S&P BSE Sensex closed at 39,757 levels, down 194 points or 0.48 per cent with Tata Steel and ONGC being the top gainers while YES Bank and Maruti Suzuki were the top stragglers. The market breadth remained in favor of decline with 122 shares advancing and 320 shares slipping. The broader NSE Nifty50 settled at 11,906 levels, down 59 points or 0.5 per cent. While realty stocks took the hardest beating, with the index sliding over 2 per cent, banks, financial services and auto stocks skid over a per cent each. Metal scrips were the only sectoral gainer, rising 0.3 per cent.In the broader market, the S&P BSE Midcap settled 118 points lower at 14,922 levels while the BSE Smallcap ended 70 points lower at 14,549 levels.Buzzing stocks Shares of newly-listed Neogen Chemicals hit a new high of Rs 337, up 10 per cent on the BSE in an otherwise weak market on Wednesday. The stock, which got listed on the bourses on May 8, 2019, has rallied 57 per cent against its issue price of Rs 215 per share. The stock finally settled at Rs 364 per share, up 18.48 per cent.Indiabulls Housing Finance dropped out of the club of 100 most valued companies in terms of market capitalisation  after a sharp decline in stock price over the past few sessions. The fall comes on the back of reports alleging that the firm has misappropriated Rs 98,000 crore of public money.

STOCK MOVES OF 11 JUN 2019

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Benchmark indices ended higher, lifted by bank and metal stocks, for third consecutive trading session on Tuesday that also saw Sensex and Nifty reclaim the 40,000-mark and 12,000-mark, respectively, during intra-day trade although the indices settled at lower levels by the end.In the broader market, the S&P BSE MidCap index jumped 118 points to 15,040, while the S&P BSE SmallCap index rose 34 points  to 14,619.BUZZING STOCKSShares of all listed Indiabulls Group companies were under pressure, falling up to 10 per cent on the BSE during the early morning trade on Tuesday after media reports alleged Indiabulls Housing Finance Limited (IHFL) for misappropriating Rs 98,000 crore of public money.Shares of Eveready Industries slipped up to 4 per cent to Rs 86.55 apiece on the National Stock Exchange (NSE) during the early morning deals on Tuesday after credit ratings agency India Ratings and Research (Ind-Ra) downgraded the company's long-term credit ratings. The stock ended the day 1 per cent lower at Rs 90.Shares of Sterlite Technologies surged 12 per cent to Rs 193 in intraday trade on the BSE on Tuesday on the back of heavy volumes after promoter Twin Star Overseas removed entire pledge on the company's shares. The share ended the day 10.81 per cent higher at Rs 191.75. 

MARKET SUMMARY OF 10 JUN 2019

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On the weekly chart, Nifty has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 11,970, it would witness buying that would lead Benchmark indices ended Monday's session with gains, lifted by tech stocks, in line with global stock markets that were buoyed by a deal struck between the US and Mexico to avoid a tariff war, and weak US jobs data that raised hopes of rate cuts by the Federal Reserve.In the broader market, the S&P BSE MidCap was up 17 points, or 0.11 per cent, to 14,923, while the S&P BSE SmallCap dipped 72.5 points, or 0.49 per cent, to 14,585.BUZZING STOCKS Shares of Jammu & Kashmir (J&K) Bank tanked 20 per cent to Rs 47.60 apiece on the BSE on Monday after reports suggested that the Anti-Corruption Bureau alleged Parvez Ahmed, now-removed chairman-cum-managing director, of indulging in corrupt activities. The stock, however, ended the day at Rs 52.25, down 12.11 per cent. Shares of Jet Airways (India) were trading 8 per cent lower on the BSE in the morning deals on Monday after concerns over a potential government-led investigation surfaced, implying derailment of the revival plan of the cash-strapped airline.