MARKET SUMMARY OF 12 JUL 2019

Domestic indices ended Friday's choppy session in the negative territory. The markets remained range-bound, in the positive territory, for most part of the day but were dragged lower by index heavyweights like HDFC Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance. The benchmark S&P BSE Sensex closed at 38,736 levels, down 87 points . Among the gainers, YES Bank, Tata Steel, Sun Pharma and Vedanta topped the charts while ONGC, Bajaj Finance, ONGC and L&T were at the lower end of the spectrum. The broader Nifty50 too settled with cuts. The 50-share index settled at 11,552 levels, down 30 points. In the broader market, the BSE MidCap index ended 59 points, higher at 14,554 levels while the BSE SmallCap index closed 22 points  higher at 13,776 levels.Sectorally, banking, financial services and FMCG counters were under pressure. The Nifty Bank index closed lower followed by Nifty Financial Services index, down 0.29 per cent. Among gainers, Nifty metals, pharma and realty counters were up between.Eris Lifesciences hits record low as stock turns ex-date for share buyback Quess Corp surges 18% on preferential share allotment to Amazon SBI Life Insurance hits record high; surges 34% thus far in FY20 Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6% Den Networks rallies 11% as Co swings to profit in June quarter Oil hovers near 6-week high amid Gulf of Mexico storm, West Asia tensions

STOCK MOVES OF 10 JUL 2019

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Nifty traded lower for a major part of the session and closed tad below 11,500 on July 10, as rising crude prices along with fall in financial services, metals, auto and PSU oil stocks dented sentiment.The index closed below 11,500 for the first time since May 17 and formed bearish candle on daily charts.Nifty after opening lower at 11,536 saw some recovery to hit a day's high of 11,593.70, but slipped into the red after initial one hour of trade and remained lower for rest of session amid volatility. The index closed 57 points lower at 11,498.90. SpiceJet rallies 9% on heavy volumes as IndiGo, Jet Airways slip in trade Metal shares under pressure; JSW Steel, Hindustan Zinc hit 52-week lows Sebi likely to examine surcharge impact on foreign portfolio investors Reliance Capital, Reliance Infra dip for sixth straight day, fall up to 7%.

MARKET SUMMARY OF 9 JUL 2019

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Nifty50 after a roller coaster ride throughout session closed flat on July 9 and formed a 'Hammer' pattern on daily charts. After pricing in tax proposals announced in Budget, the market shifted its focus to June quarter earnings season that will be kicked off by IT major TCS later today.The index after opening lower at 11,531.60 hit an intraday low of 11,461 on weak global cues, but recovered morning losses and hit a day's high of 11,582.55 in the afternoon. Overall it was a consolidation day for the market after a sharp fall seen in the previous two consecutive sessions. The index closed 2.70 points lower at 11,555.90. Maruti Suzuki hits over 2-year low; down 10% in three days Adani Power, Just Dial, Varun Beverages hit 52-week highs BSE Consumer discretionary index hits 52-week low; Bata, DMart down over 3% Mindtree hits 52-week low; stock dips 17% in two days after top mgt resigns Share buyback runs into tax roadblock, govt move may hurt repurchase No clarification over FPI surcharge needed at present, says FM Sitharaman

MARKET SUMMARY OF 8 JUL 2019

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Nifty saw the biggest single-day fall in 2019 on July 8 as the government proposed imposing an additional surcharge on FPIs and Punjab National Bank detected another alleged fraud. The index broke its multiple support of 11,600–11,650 and closed below the same after 35 trading sessions. It closed below 50-DEMA and formed large bearish candle on daily charts as bears have dominated the grip in the market. Jet Airways hits lower circuit for 4th straight day on SFIO probe report Auto stocks skid; Maruti Suzuki, Hero MotoCorp, TVS Motor hit 52-week low Tax proposal in Budget 2019 hits Indian companies' year of share buybacks Mindtree dips 10% on resignation of 3 co-founders as L&T takes control