MARKET SUMMARY OF 19 JUL 2019

Market saw the third-worst fall of 2019 on Friday as benchmark indices S&P BSE Sensex and Nifty50, both, fell to two-month low. The indices touched intra-day lows of 38,271 level at Sensex and 11,399 mark at Nifty. 'Super-rich tax' concerns on FPI, trade war tensions and weak corporate earnings contributed to the fall.The Sensex tanked 560 points, or 1.44 per cent, to close at 38,337 levels with 26 of the 30 stocks listed at the index ending in the red. IndusInd Bank, Bajaj Finance, M&M, and YES Bank were the top laggards while only NTPC, TCS, PowerGrid and ONGC ended in the green. The Nifty50, too, lost 178 points, or 1.53 per cent, to settle at 11,419 mark. Of the 50 stocks listed at the index, only 7 stocks advanced while the remaining 43 declined.  Sectorally, all the indices ended in the red. Nifty Auto index, too, tanked to two-month low to end 3.31 per cent lower. This was followed by losses in Nifty Private Bank index and Nifty Pharma index, down 2.45 per cent and 2.23 per cent respectively. The Nifty Auto index hitting a three-year low on Friday. Thus far in the calendar year 2019, auto index slipped 21 per cent, against 5 per cent rise in the benchmark index. M&M, Motherson Sumi Systems, TVS Motor Company, Exide Industries, Escorts, MSIL, Eicher Motors, Hero MotoCorp, Bosch and Ashok Leyland have seen market value erosion of more than 22 per cent during the period. 

MARKET SUMMARY 15 JUL 2019

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Positive global sentiment lifted pharma and information technology stocks on Monday. Consequently, markets ended in the positive territory.Encouraging Chinese GDP data for April-June quarter boosted investors' sentiment as it suggested the world’s second-biggest economy may be starting to stabilise.The S&P BSE Sensex settled 160 points, or 0.41 per cent, higher at 38,897 levels with Infosys, Sun Pharma, Tech Mahindra and Maruti being the top gainers. On the contrary, IndusInd Bank, L&T, ITC and Bharti Airtel were the top laggards. The broader Nifty50 too settled with gains of 36 points, at 11,588 levels. In the broader market, the S&P BSE MidCap settled 88 points, lower at 14,466 levels while the S&P BSE SmallCap closed 87 points lower at 13,689  levels.Sectorally, Nifty IT was the biggest gainer, closing nearly 3 per cent higher while Nifty Pharma index closed 1 per cent up. Among the laggards,.Buzzing stocks Allahabad Bank tanks 15% after reporting Rs 1,775 cr fraud by Bhushan PowerInfosys jumps over 5% on healthy Q1 results, other IT stocks rise too Indoco Remedies slips 12% on warning letter from USFDA for Goa plant Avenue Supermarts surges 6% after reporting strong numbers for June quarter