MARKET SUMMARY FOR 07 JULY 2015

 

MARKET SUMMARY FOR 07 JULY 2015

The market ended marginally lower after consolidation. The Sensex was down 37 points at 28171 and the Nifty slipped 11 points at 8510. About 1670 shares advanced, 1153 shares declined, and 157 shares were unchanged. Vedanta, NTPC, Hindalco, Hero Motocorp and ONGC were major laggards while Coal India, HDFC, SBI, Wipro and Sun Pharma were top gainers in the Sensex. Continuing its winning run for the third straight session, Sensex gained over 122 points in early trade today on sustained across-the-board buying by participants amid a rebound in Asian markets. Indian market has an uncanny knack of mostly correctly anticipating the movement in the US market especially on the day’s market there would show a reverse upswing. It exactly panned out that way while the Dow might have closed 46 points down but it recovered well from the day’s low. The sentiment this morning in Asia is quite positive but the SGX July Nifty is trading down by just 2.5 points at 8531 as we write this Market Outlook. Chances are we would see higher Nifty levels of 8550 getting tested in today’s session. It is now entering the most critical supply zone that lies between 8550 and 8596-once this range is decisively taken out we can expect levels of even 8700 coming to the fore; however, we first need a decisive breakout above the 8550 – 8600 range. Till such time the Nifty does not fall below 8493 on sustainable basis, the bulls would not have to bat an eyelid in retaining their advantage.
SECTORS & STOCKS

PREOPENING OF MARKET FOR 7JULY0215

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Rupee ends day @ 63.39 against dollar

Nifty Seen Opening Flat; May reclaim 8550 levels

Down Jones 46 Points Down 17,683

Nikkei 272 Points Up 20,384

Hang Sang 117 Points Down 25,119

 RESULT TODAY

·         Amrit Corp. Ltd. Annual general meeting(AGM) is held on 07/07/2015 - Rs.5.0000 per share(50%)Dividend

·         CMC Ltd. Quarterly Results is held on 07 july 2015

MARKET SUMMARY FOR 06 JULY 2015

Sensex, which opened at 27,857  points, closed at 28,208 points up 116 points or 0.41 percent from its previous day's close at 28,092 points. The Sensex touched a high of 28,235 points and a low of 27,774 points in the intra-day trade.Nifty up by 37 points or 0.44 percent at 8,537 points. Made high of 8547. And a low of 8389. Indian equity markets on Monday pared initial losses and soared despite prevailing anxiety on account of Greece through Sunday's referendum rejecting the terms for a new bailout package. The market has ended with high returns as global markets are reeling under Greece crisis. The Nifty has closed above 8500 for first time since April 17. About 1784 shares have advanced, 1014 shares declined, and 185 shares are unchanged. 

SECTORS & STOCKS

MARKET SUMMARY FOR 03 JULY 2015

Sensex today rose by 147 points to again rally past 28,000-mark, largely driven by gains in banking and capital goods stocks on renewed buying interest by foreign investors and higher government spending. Nifty surged 40 points or 0.47 per cent to close at 8,484 after hovering between 8,497 and 8424 during the session. sensex After a hesitant start, it recouped the 28,000-mark to hit the day's high of 28,135. before settling at 28,092., showing a recovery of 147 points or 0.53 per cent. The Indian stock market rose on Friday, despite the global weakness seen other Asian markets. nifty index was nearly touch a psychological levels of 8,500 made high of 8496 and the support by banking and pharmaceutical stocks. Very narrow range bound activity marked the action of the last trading session so far as the index movement is concerned. We need a break out above this zone or a breakdown below this zone for a directional move. In the event of market getting past firmly above 8480 then we can expect at least a test of 8526 or even higher if not close to or around the 8600-zone. On the downside, unless the index falls decisively below 8418 level there would be no major threat as such or any vulnerability. Below 8418, the level to watch out for would be located at 8356. A breakdown below 8456 on high volume activity would mean much lower levels to come.

SECTORS&STOCKS

PREOPENING OF MARKET FOR 3JULY0215

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Rupee strengthens against US dollar to 63.53

Down Jones 21 Points Down 17, 730

Nikkei 91 Points Down 20,431

Hang Sang 134 Points Down 26,147

8500 achievable or will investors continue to sit on fence

RESULT TODAY

·         Aditya Birla Chemicals (India) Ltd. POM AND COM IS HELD ON 03/07/2015

·         Asian Paints Ltd. AGM(Annual General Meeting) IS HELD ON 03/07/2015 - Rs.4.3000 per share(430%)Final Dividend

MARKET SUMMARY FOR 02 JULY 2015

 Sensex was trading 75 points or 0.3 percent down at 27,945. Similarly, Nifty was down 8.15 points or 0.1 percent at 8,444.There is every likelihood a higher high today compared to yesterday: we are probably going to see the Nifty getting past 8470 and trying to scale up to even the 8500-mark in the day’s session. Now, if the bulls are able to hold the index above 8468 then they would try to get past the 8500-mark as well. Beyond the coveted 8500-mark, three resistance levels are worth watching out for 8526, 8550 and 8589 before it hits the 8600-mark as well. On the downside, so long as 8383 is held there is not much to worry for the bulls while they would use dips to buy more and push things higher. during the same time. After a rangebound session, markets have slipped in the negative territory owing to weakness in the Index heavyweights amid weakness in the European peers. A stronger global market driven by hopes of a Greece deal kept up the pace.which had gained 375 points in the past two sessions, gained another 95 points, or 0.33 per cent, at 28,115.Today the market ended in red. About 1499 shares advanced, 1271 shares declined, and 153 shares were unchanged.

SECTORS & STOCKS

PREOPENING OF MARKET FOR 2JULY0215

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RBI sets rupee reference rate at 63.62 against dollar

Nifty eyes 8500 on firm global cues

Down Jones 138 Points Up17, 757

Nikkei 235 Points Up 20,564

Hang Sang 122 Points Up 27,372

 RESULT TODAY

·         State Bank of India AGM is held on 02/07/2015 - Rs.3.5000 per share(350%)Dividend

·         Relax  Footwear’s Ltd. Bonus issue(face value 1)  in the ratio of 1:1.of Re.1 /- each

·         Birla Corporation Ltd. AGM is held on  02/07/2015 - Rs.6.0000 per share(60%)Dividend

MARKET SUMMARY FOR 01 JULY 2015

The Sensex jumped over 90 points in early trade today, extending yesterday's gains, on the back of increased buying by participants as the country's infrastructure growth hit a 6-month high in May. Besides, a firming trend overseas kept the momentum going. The sentiment got a lift after the output of eight infrastructure sectors expanded 4.4 per cent in May, the highest growth rate in the past six months and a hardening trend in the global market despite Greece's default. Sensex regains 28,000-mark by rising 240 pts to end at 28,020, Nifty climbs 85 pts to 8,454. its highest close in nearly 2-1/2 months, as state-run banks rose after the government’s plan for a comprehensive package raised hopes of faster recapitalization.  The Indian stock market closed green sound with Sensex gained 135 points on Tuesday after Greece has to make a debt repayment of 1.6 billion euro to the International Monetary Fund (IMF) today. The leader of the European Commission had before made a spur of the moment offer to attempt to convince Greece to acknowledge a bailout deal. “Markets continued their uptrend on increased optimism that the Greece issue will get resolved.