MARKET SUMMARY OF 09 MAY 2019

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Selling was seen in sectors like energy, telecom, power, metals, and oil & gas while buying was seen in IT, consumer durables and auto index..Closing Bell: Nifty ends at 11,300, Sensex falls 230 pts; LIC raises stake in 35 companies, reduces holding in 70.RBL Bank, ICICI Lombard among 4 stocks eligible for inclusion in MSCI India index.In the broader market, Nifty Midcap and small caps were trading flat with a negative bias with both the indices trading 0.01 and 0.11 per cent lower, respectively. BUZZING STOCKS.Shares of YES Bank fell about 2.5 per cent to Rs 157 on the BSE during the early morning trade on Thursday after rating agency India Ratings  downgraded the bank’s long-term ratings even as it reaffirmed the short term rating. Avadh Sugar & Energy shares surged 13 per cent to Rs 518 in early morning trade on the BSE on Thursday after the company announced that the board will meet on Monday (May 13) to consider maiden bonus issue. Shares of 63 Moons Technologies (formerly known as Financial Technologies India) were locked in upper circuit for the seventh straight trading day after surging 10 per cent to Rs 184, also its 52-week high on the BSE in an otherwise weak market. 

MARKET SUMMARY OF 8 MAY 2019

The broader Nifty50 index of the National Stock Exchange slipped below the crucial 11,400 level to end at 11,359, down 138 points . Out of 50 constituents, 40 ended in the red and just 10 in the green. All the sectoral indices on NSE ended in the red. Media stocks took the hardest knock, followed by realty and PSU bank stocks. The Nifty Media index settled at 2,134, down 101 points.

STOCKS THAT MADE NEWS Reliance Industries: Shares of Reliance Industries (RIL) hit an eight-week low on the BSE on Wednesday. The stock has lost 7 per cent in the past three trading days. It ended at Rs 1,299.45 apiece on BSE, down over 3 per cent.  Essel Group shares: Shares of Subhash Chandra-led Essel Group companies were under pressure on Wednesday with Zee Entertainment Enterprises (ZEEL) and Dish TV India falling more than 8 per cent each on the BSE. The fall comes despite the group's assurance that the stake sale process of Zee Entertainment Enterprises was at an "advanced stage." At close, ZEEL stood at Rs 333, down 10 per cent while Dish TV India settled nearly 2 per cent lower at Rs 31. Vodafone Idea: Vodafone Idea shares hit a new low of Rs 13.65, down 12 per cent on Wednesday, declining 17 per cent in past two trading days on the BSE, on back of two-fold jump in trading volumes. The stock ended at Rs 14.35, down over 7 per cent. 

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.