MARKET SUMMARY OF 20 MAY 2019

Benchmark indices ended Monday's session at record closing high, surging almost 4 per cent, a day after exit polls predicted the return of the Narendra Modi-led National Democratic Alliance to power. In the process, the S&P BSE Sensex reclaimed the 39,000-mark, while the Nifty Bank posted its biggest one-day gain.The S&P BSE Sensex ended the day 3.75 per cent, or 1,422 points, higher at 39,352 levels, with State Bank of India, YES Bank, IndusInd Bank, Larsen & Toubro, and YES Bank leading the list of gainers. Infosys and Bajaj Auto, however, settled in the red. The market breadth remained in favour of buyers as 2,018 stocks advanced and 611 declined, The broader Nifty50 gained 421 points, or 3.7 per cent, to settle at 11,828.Dhiraj Relli, MD & CEO, HDFC Securities said the markets seem to have almost fully discounted the outcome of final election results. The S&P BSE Sensex vaulted more than 1,400 points to end at a record closing high on May 20 after most of the exit polls showed that the BJP-led NDA will get between 267-365 seats in the Lok Sabha and pave way for the second term for Prime Minister Narendra Modi.Sensex reclaimed its crucial resistance level of 39,000 while Nifty50 added more than 400 points to rally above 11,800. Both Sensex and Nifty saw their biggest gains in the last 10 years.

MARKET SUMMARY 16 MAY 2019

Among sectoral indices, only one index ended the day in red, with Nifty Media, Nifty Metal, and Nifty Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per cent, respectively.In the broader market, the S&P BSE MidCap index rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817. Volatility index which is already near 4-year high is trading is expected to surge further as we head towards May 23. It is when stocks which are trading at a premium could face some pressure Volatility to stay till May 23, avoid leverage play.Technical View: Nifty forms bullish candle; short Nifty if it goes below 11,100.BUZZING STOCKS
Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter. 

STOCK MARKET REVIEW OF 15 MAY 2019

Benchmark indices ended with losses, dragged down by metal stocks, on Wednesday due to last hour sell-off after a volatile session.Among sectoral indices, all but two indices in the red, with Nifty Media index and Nifty Metal indices plummeting 3.74 per cent and 2.1 per cent, respectively.In the broader market, the S&P BSE MidCap slipped 95 points  at 14,117, while the S&P BSE SmallCap ended the day 62 points, lower at 13,782. Exit polls are expected to be announced from May 19 evening, once the last phase of the election is over. Therefore, the market is likely to be very volatile from May 20 onwards.Nifty ends below 11,200, Sensex falls 203 points; Yes Bank, Tata Motors tank 8%FIIs consistently raise stake in last 4 qtrs; Technical View: Nifty forms a bearish candle; upside likely to be capped at 11,300 Buzzing stockJet Airways (India) shares slipped 4.18 per cent to Rs 123.70 on Wednesday on the BSE after top executives of the cash-strapped airline resigned with immediate effect.  Shares of Union Bank of India plunged as much as 10.03 per cent to Rs 71.30 apiece in the intra-day trade on Wednesday after the state-run lender said its net loss widened to Rs 3,370 crore in the fourth quarter of 2018-19, mainly on account of higher provisioning. The company had registered a net loss of Rs 2,583.38 crore in the same quarter of the preceding fiscal. 

MARKET SUMMARY 14 MAY 2019

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Benchmark indices snapped their nine-day losing streak, helped by gains in Reliance, ITC. and State Bank of India, to end Tuesday's volatile session with gains.The S&P BSE Sensex ended the day 228 points, higher at 37,319, with Sun Pharma, Bharti Airtel, Vedanta, IndusInd Bank, and State Bank of India among the top gainers. While Sun Pharma gained nearly 6 per cent, the rest of the above-mentioned counters moved up 2.3 per cent to 5.4 per cent. Of the 30 BSE constituents, 16 ended in the green. After moving in a narrow range for the most part of the day, Nifty snapped its 9-day losing streak in the second half of the session to break above 11,200 making a bullish candle on the daily charts. The index surged to an intraday high of 11,294 before closing the day at 11,222.BUZZING STOCKSShares of Tata Steel traded lower for the ninth straight day on Tuesday, down 0.39 per cent on the BSE, at Rs 462.75 apiece. The stock has been falling ever since concerns over the European Commission's likely rejection for the proposed joint venture between the company's European arm and ThyssenKrupp surfaced.Jet Airways slumped 7.42 per cent to Rs 129.10 on the BSE on Tuesday on a news report that Etihad Airways had put in stiff conditions in its bid that includes substantial write down of the Rs 9,000-crore loan. 

MARKET SUMMARY OF 10 MAY 2019

 The market remained in the bear grip throughout the week and pushed the Nifty 50 below crucial support levels on closing basis. The Nifty 50 plunged 3.7 percent while the S&P BSE Sensex was down by 3.8 percent to post their biggest loss since October 2018 for the week ended May 10.Trade tensions between the US and China muted corporate earnings from India Inc, election uncertainty and persistent selling by foreign institutional investors led to the fall in Indian markets. ICRA looking into IL&FS rating issue, hires external experts for assistance Tata-Thyssenkrupp JV plan fails to clear Europe's anti-trust hurdle.SBI: Market leader misses estimates but delivers the goods on asset quality

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.