MARKET REVIEW OF 24 APR 2019

Nifty50, after consolidation, gained solid strength in last hour of trade and snapped three-day losing streak on April 24 as bulls staged a comeback, driven by banking & financials and technology stocks.The index closed above 11,700 levels ahead of expiry of April derivative contracts and formed strong bullish candle on daily charts .11,564 is a crucial level for bulls to sustain momentum adding the correction phase may end if the index closes above 11,787. Buzzing stocks ACC falls 5% to Rs 1,578 on lower-than-expected Q1 operating performance.UltraTech Cement rebounds 5% from day's low on strong Q4 results.Indiabulls Real Estate surges 13% on divestment plan of unit Century

MARKET SUMARRY OF 23 APR 2019

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Markets ended in the red for the second consecutive session on Tuesday, weighed down by auto stocks, to hit their lowest levels in almost a month.The Sensex ended the day at 38,565, down 80 points, with Maruti, YES Bank, IndusInd Bank, TATA Steel and NTPC among the biggest losers.  Out of 30 components, 20 scrips ended in the red and rest 10 in the green. Broader index Nifty50 failed to hold the 11,600 level and ended the day at 11,576, slipping 18 points, or 0.16 per cent.  India VIX, a guage to measure volatility, moved up over 2.3 per cent to 24.60 levels.In the broader market.Indian indices ended lower on Tuesday as Nifty failed to hold 11,600 level.

MARKET SUMMARY OF 22 APR 2019

Market close: Indian indices ended at day's low as selling pressure dragged Nifty below 11,600, while Sensex also fell nearly 500 points. At close, the Sensex was down 495points at 38,645, while Nifty was down 158 points at 11,594. About 747 shares have advanced, 1751 shares declined, and 166 shares are unchanged. Indiabulls Housing, Yes Bank, BPCL, IndusInd Bank and IOC were top losers on the Nifty, while gainers were Bharti Airtel, Wipro, TCS, Tech Mahindra and Infosys.Among the sectors except IT all other indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG. Dewan Housing Finance Corporation shares plunged 11 per cent to end the day at Rs 140, extending its Thursday’s 8 per cent decline after rating agency CRISIL downgraded credit rating of the company's commercial paper and continued on watch negative.  Shares of state-owned oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation and Indian Oil Corporation dipped almost 6 per cent after a steep rise in the crude oil prices.

STOCK MARKET REVIEW 18 APR 2019

Selling in banks, realty and metal counters dragged the domestic equity market lower on Thursday.S&P BSE Sensex lost 135 points to settle at 39,140, with YES Bank being the biggest loser and Reliance Industries  the top gainer.Market breadth remained in favour of declines as out of 2,727 securities traded on BSE, 1,671 declined and 888 advanced while 168 scrips remained unchanged. The broader Nifty50 index of the National Stock Exchange  lost 34 points to end at 11,753. On a weekly basis, both the indices gained around 1 per cent.

MARKET SUMMARY OF 16-04-19

Benchmark indices ended on a strong note on Tuesday after hitting fresh record highs in the intra-day trade on Tuesday. The Sensex  hit a new lifetime high of 39,364.in the trade while the broader Nifty50 index of the National Stock Exchange (NSE) surpassed 11,800 level to hit a record of 11,810.Among sectoral indices, private bank stocks gained the most, followed by financial services and auto stocks. 

BUZZING STOCKS Jet Airways ended around 8 per cent lower at Rs 241.50 apiece on the NSE after reports suggested the airline may shut down its opeartions temporarily.Tata Consultancy Services hit a six-month high, extending its Monday’s 5 per cent rally on the BSE, after the company reported better than expected 2.4 per cent growth in constant currency revenue in the March 2018 quarter of financial year 2018 - 19 The stock settled at Rs 2,132 apiece on BSE. As polling for Lok Sabha elections is underway, Nifty's price structure is indicating a major shift in trend direction.

MARKET SUMMARY OF 15 APR 2019

BUY HEXAWARE FUTURE ABOVE 350.5 TGT 352/355 SL 348

BUY CIPLA FUTURE ABOVE 571 TGT 573/577 SL 566

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Benchmark indices  traded  in the positive territory. In the broader market, the S&P BSE MidCap index was trading 87 points higher at 15,513, while the S&P BSE SmallCap index was ruling at 15,139, up 117points, or 0.78 per cent.The rupee opened 10 paise higher at 69.07 against the US dollar on Monday.

BUZZING STOCKSShares of Infosys dipped 5 per cent to Rs 714 on the BSE in early morning deal after the company reported a lower-than-expected margin for the March 2019 quarter at 21.5 per cent. PC Jeweller shares rallied 14 per cent to Rs 128 in intraday trade on Monday, extending its Friday’s 17 per cent surge on the National Stock Exchange  after foreign portfolio investor  bought more than 2 per cent in the company through the open market. The stock was trading at its highest level since July 13, 2018.

MARKET SUMMARY OF 12 APR 2019

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Buying in select bluechip counters such as ITC, Maruti, ICICI Bank and Infosys helped benchmark indices to settle in the positive territory on Friday. The broader Nifty50 index of the National Stock Exchange (NSE) settled at 11,643.45, up 47 points or 0.40 per cent, with 27 constituents advancing and 23 declining. On a weekly basis, Sensex lost 0.24 per cent while Nifty settled with 0.19 per cent decline.

BUZZING STOCKSShares of ITC hit over a six-month high in the intra-day trade, extending its previous day’s 1 per cent gain, on the back of heavy volumes on the BSE. The stock ended at Rs 305.60 apiece, up 3 per cent. Shares of SpiceJet surged 10 per cent to Rs 111 on Friday, gaining 18 per cent in the past two trading days after the company said it will induct 16 Boeing 737-800 NG aircraft on dry lease. The company has applied to the Directorate General of Civil Aviation  for a no objection certificate  to import the aircraft. Shares, eventually closed at Rs 110, up nearly 9 per cent. 

MARKET SUMMARY OF 12-04-19

BUY TATAMOTORS ABOVE 218 TG 222,227 SL 212

Tatamotors  gave a price-volume breakout above Rs 200 and thereafter it is successively keeping above this level since last few trading days. There is no major supply area of the stock below Rs 274. So, the current demand is likely to lift the stock smoothly to higher level.

Benchmark indices ended flat on Thursday as investors weighed in on the first phase of 2019 Lok Sabha elections. Moreover, onset of March quarter financial results and CPI inflation data, which is scheduled to be released tomorrow, kept investors on tenterhooks.The S&P BSE Sensex gained 22 points to end at 38,607, with Bharti Airtel  being the top gainer and Vedanta the looserOn NSE, the 50-share index Nifty slipped below the crucial 11,600 level to end at 11,597, up over 12 points.