STOCK MARKET REVIEW OF 06 MAY 2019

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The benchmark indices made a subdued start to the week with metal stocks taking the heaviest hit after US President Donald Trump's comment that he would raise tariffs on $200 billion of goods to 25 per cent on Friday from 10 per cent roiled the global markets.The broader Nifty50 index was down 114 points, at 11,598. About 1,146 stocks declined and 588 shares advanced on the National Stock Exchange.BUZZING STOCKSCadila Healthcare shares hit a 52-week low of Rs 292, down 4 per cent in early morning trade on Monday after getting 14 observations from US health regulator for its Moraiya plant. However, the stock recovered later in the day to end 1.22 per cent higher at Rs 307.70.  Shares of YES Bank slipped 5.3 per cent to Rs 166.30 after rating agency Icra downgraded the bank's tier-I and tier-II bonds and infrastructure debt on deterioration in the credit quality of large ticket borrowers.  Goldiam International bucked the day's trend to surge 11.93 per cent to Rs 113.55 after hitting its 52-week high of Rs 117 earlier in the day after investor Ramesh Damani bought more than 1 percentage point stake in the company through open market. 

STOCK MARKET REVIEW 3 MAY 2019

Benchmark indices ended Friday's session with marginal cuts after erasing its intraday gains in the final hour. IT stocks were the top drags and remained subdued throughout the day after the US-based IT services company Cognizant nearly halved its 2019 growth guidance.  The intra-day rise in the indices was spurred by a slip in oil prices with financial stocks gaining the most, before the indices retreated to trade flat in the end.BUZZING STOCKS Information technology (IT) stocks remained under pressure on Friday, after the US-based IT services company Cognizant nearly halved its 2019 revenue expectations after missing first-quarter results, as it faces sluggish demand in its financial and healthcare businesses.   Shares of  Mills continued their northward journey, with the stock hitting 18-month high of Rs 157 before ending the day at Rs 156.50, up 1.69 per cent, on the expectation of strong earnings growth. The stock was trading at its highest level since December 6, 2017. 

STOCK MARKET SUMMARY OF 02 MAY 2019

Benchmark indices ended a volatile session marginally lower on Thursday with IT and Pharma stocks dragging the indices down.The Sensex dropped 50 points, to finish at 38,981 levels, with TATA Motors, ICICI Bank, IndusInd Bank, Infosys and HCL Tech among the biggest losers. Of the 30 constituents, 15 ended the day in green while as many were painted red.Nifty50 failed to hold the 11,750 level and closed at 11,725 levels, down 23 points, or 0.20 per cent. About 1,053 shares advanced, 1,442 shares declined, and 163 shares remained unchanged. BUZZING STOCKS  Ashok Leyland gains 4% post April sales number, credit rating upgradeBiocon nears 52-week low, falls 5% after reporting mixed numbers in Q4

Escorts shares dipped almost 8 per cent to Rs 58.90 after the farm equity major reported a 15 per cent decline in tractor sales to 5,264 units in April 2019. The company had sold 6,186 tractors in the same month last year. 

STOCK MARKET REVIEW

The target for Sensex at 44,000 by March 2020 (12 percent upside), and any kind of sell-off (around 5 percent or more) should be providing an interesting entry point into equities, Nitin Rao, CEO, Reliance Wealth Management. The countdown has already started for election results, which are scheduled to be announced on May 23.There are four possible scenarios which investors can look out for and accordingly devise their trading strategy. According to a report by IIFL, the first possible scenario is BJP winning with an absolute majority.Buzzing stock B M Khaitan Group companies plunge on bourses after ratings downgrade.NBFC stocks: Catching the falling knife could be tricky amid fresh concerns.Mindtree's Q4 casts doubts on immediate gains for L&T from the buyoutMaruti Suzuki India's decision to phase out diesel cars by April 2020 is, very simply, a textbook example of internalising the true environmental and social costs of an industry. Maruti's decision is also emblematic of how the right combination of crucial factors can drive change that has previously seemed impossible.

MARKET SUMMARY OF 26 APR 2019

Late buying helped benchmark indices to close the first day of May series near day's high level with Nifty finished above 11,750 mark. At close, the Sensex was up 336 points at 39067, while Nifty was up 112 points at 11754. About 1085 shares have advanced, 1410 shares declined, and 153 shares are unchanged. Tata Steel, BPCL, GAIL, ICICI Bank and JSW Steel were the top gainers on the Nifty, while losers include Tata Motors, Bajaj Auto, Grasim Industries, Dr Reddy’s Labs and Bharti Airtel.Among the sectors, except auto all other sectors ended in green led by metal, bank, energy, IT, pharma and FMCG. Oil can hit 100; poses biggest risk to Indian equitiesBuzzing stock GHCL surges 10% on healthy March quarter results.Tata Steel rallies 7% as Q4 profit beats estimatesMaruti Suzuki down for sixth straight day on disappointing Q4 results.

STOCK MOVE OF 25 APR 2019

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Late selling pressure pulled Nifty50 sharply lower on the day of F&O expiry of April derivative contracts and rising crude oil prices. In April series, however, the index gained 0.62 percent.The index closed below 11,700 levels on April 25 dragged by banking & financials, FMCG and auto stocks, and formed bearish candle.Nifty index, which traded in wider range of 11,620 to 11,800 zones on its April monthly expiry day, could stabilize around 11,600 levels in coming sessions, but if it breaks 11,564 there could be sharp selling pressure. In broader market, BUZZING STOCKS UltraTech Cement ended the day at Rs 4,622.30, a 5.14 per cent gain, after the company reported strong performance in the March quarter. The stock also hit its new all-time high of Rs 4,686.30.  Six companies - Reliance Industries, HCL Technologies, Titan Company, Bajaj Finserv, UltraTech Cement, and UPL - from the Nifty50 index hit their respective fresh record highs on the National Stock Exchange  on Thursday. The stock of Maruti Suzuki ended the day 2.23 per cent lower at Rs 6,868.05 after the company reported a net profit of Rs 1,795.6 crore for the March quarter of financial year 2018-19 , down 4.6 per cent on year-on-year  basis. 

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.