MARKET SUMMARY FOR 29 JUNE 2015

Sensex ends 167 points down, Nifty above 8,300; Tech Mahindra top loser, down over 7%
Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis Tsipras sombrely announced capital controls in a televised address on Sunday night to prevent banks from collapsing under the weight of mass withdrawals. After a bad day of slaughter on Greek worries, the market finally managed to pick up some strength towards end. The Sensex was down 167 points or 0.6 percent at 27645, and the Nifty slipped 54 points or 0.6 percent at 8326.  About 896 shares advanced, 1791 shares declined, and 154 shares were unchanged. Greece has less than 48 hours to pay back 1.6 billion euros ($1.77 billion) of International Monetary Fund loans, and a default would set in train events that could lead to the country's exit from the euro currency.

MARKET SUMMARY FOR 26 JUNE 2015

The Market today open flat note on a fresh starting of July F&O series. Now market is slipping away the Sensex is down 72 points and the nifty is decline 11 points in early trade on Friday. in early trade today on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues. After a stellar performance by the Nifty yesterday, we can still see the index moving up again in the day’s session provided it does not fall below 8382 – 8388 support area. In any case, getting past the hurdle of 8420, it would gain further momentum to scale up to even higher levels. On the downside, below 8382 support is likely to be found between 8340 and 8318. And so long as the Nifty does not go slip below 8259. Sensex traded 100 or 0.36 per cent points down at 27795, while Nifty traded 19 points or 0.23 per cent down at 8379. Sentiments remained dampened after RBI’s stress test surprisingly showed private banks are likely to see a significant jump in bad loans.It is not a great start of the July series. About 1180 shares advanced, 1496 shares declined, and 160 shares were unchanged. TCS, Bajaj Auto, NTPC, Infosys and Cipla were top gainers while GAIL, Vedanta, Bharti, BHEL and Tata Steel were major laggards, but managed to rally nearly 500 points for the week ended June 26, amid Greece debt woes which kept global markets volatile and sharp selling seen in China equity markets. 

TOP GAINERS AND LOSERS ARE:

NSE NEWS FOR JUNE25,2015

FOR FREE STOCK TIPS FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE>>>>>>>>>>>>>>>>

RUPEE TRADES FLAT AGAINST DOLLAR

NIFTY UP BUY 3 POINTS @ 8384.

DOWN JONES 75 POINTS DOWN 17,890

NIKKIE 94 POINTS DOWN 20,676

HENG SANG 387 POINTS DOWN 27,762
EVENTS

·         JMT Auto Ltd. Splits Old Face Value 10 - New Face Value 2 - Stock split from Rs. 10/- to Re. 2/- each

·         SRS Ltd. Bonus: 1:1 (face value 10) Bonus issue in the ratio of 1:1.of Rs.10 /- each

MARKET SUMMARY FOR 25 JUNE 2015

Sensex jumped 167 points or 0.6 percent at 27895. Nifty closed the session 37 points up at 8,398. The activity on the index options side of the market clearly tells us that the weak closing that happened in the last session is more due to bull liquidation rather than due to shorts getting created at the instance of the bulls. The candlestick pattern on the end-of-day chart for the last couple of sessions shows the bulls need fresh gumption and at least a bit of regrouping before they march forward, if at all. The range between 8341 and 8350 would act as the most critical zone for the day. Next strong support is located between 8398 and 8389. on hopes the government’s push on housing would aid income.Prime Minister Narendra Modi earlier in the day launched smart cities, housing for all and urban rejuvenation schemes for Asia’s third largest economy.

Also, the south-west monsoon rains have been above normal so far in June, stoking hopes the central bank will cut rates in October than in 2016 as anticipated earlier after delivering three cuts of 25 basis points each in 2015 so far.

MARKET SUMMARY FOR 24 JUNE 2015

The Sensex slipped by 75 points its first fall in nine days to 27,729 in late sell-off after news that the creditors rejected Greece’s new proposal took a toll on the market sentiment. After trading in positive zone for most part of the day, the index plunged over 200 from a high of 27,948 at the fag-end tracking losses in European stocks. and on sustained buying largely in tune with above-normal progress in monsoon. However, it slipped towards the close on negative global cues and touched the day's low of 27,647, before settling 75 points or 0.27 per cent down at 27,729.

HUL, BHEL, Sun Pharma, Lupin and Coal India are top gainers in the Sensex. Among the losers are Hindalco, M&M, Tata Steel, Maruti and SBI. The market is still maintaining its uptrend. The Sensex is up 76 points at 27880 and the Nifty is up 19.70 points at 8418. About 1172 shares have advanced, 902 shares declined, and 124 shares are unchanged.

PREOPENING OF MARKET FOR 23 JUNE2015

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INDIAN RUPEE DOWN BY 9 PAISE VS DOLLAR IN LATE MORNING DEALS

NIFTY UP BUY 3 POINTS UP @ 8384.

DOWN JONES 24  POINTS UP 18,144

NIKKIE 112  POINTS UP 20,122

HENG SANG 32 POINTS UP 27,366

EVENTS

• Artech Power Products Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 24, 2015, To consider and approve the resolutions to be passed through postal ballot pursuant to the provisions of section 110 of Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Rules, 2014.
• Bank of Baroda AGM held on 24-Jun-15 (Rs.3.2000 per share(160%)Dividend)

                          

MARKET SUMMARY FOR 23 JUNE 2015

Nifty ended with a gain of 28 points or 0.34 per cent at 8,380 made high of 8397 on Tuesday and Rallying for the eighth consecutive session the Sensex advanced 74.16 points or 0.27 percent to 27,804. but slipped into negative terrain briefly as profit-booking emerged at higher levels. However, it bounced back to hit a high of 27,882, before settling at 27,804.

Sentiment got a boost after Finance Minister Arun Jaitley yesterday said the government will soon infuse capital in public sector banks,Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.

PREOPENING OF MARKET FOR 23 JUNE2015

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RBI FIXES REFERENCE RATE OF RUPEE AGAINST DOLLAR, EURO, POUND, YEN.

SENSEX,NIFTY LIKELY TO OPEN HIGHER ON FIRM GLOBAL CUES.

DOWN JONES 105  POINTS UP18,115

NIKKIE 330  POINTS UP 20,778

HENG SANG 67 POINTS DOWN 27,013

EVENTS-

·         POLARIS CONSULTING & SERVICES BOOK CLOSURES TO BE HELD ON JUNE 23,2015 FOR Rs.10,0000 PER SHARE(200%) FINAL DIVIDEND.

·         BANK OF MAHARASHTRA BOOK CLOSURE IS TO BE HELD FROM JUNE 23,2015 TO JUNE 29,2015.