MARKET SUMMARY OF 22 MAY 2019

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Benchmark indices ended Wednesday's session with minor gains amid volatile trade as investors turned cautious on the eve of the Lok Sabha 2019 election outcome. After hitting an intra-day high of 39,249.08, Sensex finally settled 140 points, or 0.36 per cent higher at 39,110 while Nifty50 ended the day at 11,738, up 29 points or 0.25 per cent.

India  IndusInd, Sun Pharma, Bajaj Auto, Bharti Airtel, and Coal India were the BSE's top gainers. Out of the 30 constituents, 25 ended in the green. The market breadth remained in favour of buyers. About 969 stocks advanced and 770 shares declined on the NSE.BUZZING STOCKS Dewan Housing Finance Corporation (DHFL) plunged as much as 18 per cent to Rs 107 in the early trade on Wednesday on the BSE after the non-banking finance company (NBFC) stopped accepting fresh public deposits and renewals of existing deposits. The stock, however, pared some losses to end the day 12 points, or 9.4 per cent lower, at Rs 117.65.Shares of Jet Airways (India) rallied 5 per cent to Rs 158.55 apiece on the BSE on Wednesday on the back of heavy volumes being traded on the hopes of the airline's revivial. The share has surged 32 per cent so far in this week. Larsen & Toubro scales new high, up 12% in a week; m-cap touches Rs 2.07 tn DHFL tanks 18% as company stops fresh deposits, premature withdrawals Jet Airways surges 32% in three days on revival hopesJindal Steel slips 12% on disappointing March quarter results

STOCK MARKET REVIEW OF 21 MAY 2019

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The indices hit a record-high at opening, with the S&P BSE Sensex touching the 39,571.73-mark while Nifty reached 11,883.55 levels, before trimming gains in a volatile session that saw India VIX rise over 8 per cent.The broader Nifty50 also slipped 119 points to settle at 11,709. The market breadth remained in the favour of sellers with about 1,145 stocks declining and 609 stocks advancing on the NSE.All the sectoral indices ended the day in red, with Nifty Auto and Nifty Media taking the biggest hits, down 2.52 per cent and 2.32 per cent, respectively. On expected lines, Nifty consolidated after hitting the record high of 11,883 on May 21 and made a large bearish candle or a Dark Cloud Cover pattern on the daily candlestick charts.A Dark Cloud Cover pattern is a two candle pattern which is formed where the second candle opens above the close of the bullish candle formed in the previous session and then closes below the midpoint of the previous candle. JK Cement surges 17% in two days on strong Q4 earnings; hits 52-week high.Bajaj Finance joins Rs 2-trillion m-cap club; stock zooms 105% in 14 months. HPCL, BPCL and Indian Oil Corporation decline up to 6%.Quant funds are suitable for savvy investors with equity portfolio..Torrent Pharma slips 8% after reporting net loss of Rs 152 crore for Q4

STOCK MARKET SUMMARY OF 17 MAY 2019

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Nifty ends above 11,400, Sensex jumps 537 points. Sensex and Nifty surged on the final day of a volatile week on Friday with both the benchmark indices gaining over a per cent each with exit poll of the ongoing polls looming.Asian shares were trying to hold steady on Friday.Japan inched up 0.1 per cent and were off a 15-week trough.Japan’s Nikkei bounced 0.7 per cent in early trade, while the main Australian index added 0.5 per cent.In commodities, oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.Buzzing stock Aurobindo Pharma falls 6%  This pharma stock has risen over 170% in 17 months Indian Oil Corp Q4 net profit rises 17% to Rs 6,099 crore Bajaj Finance hits all-time high on strong Q4 results; stock surges 5%.Delta Corp hits 22-month low; stock plunges 17% on heavy volume Agri outlook: Rubber trends higher and edible oil recovers smar Federal-Mogul shares rise to  determine open offer price Strong grounds to contest Sebi order in co-location case, says NSE This pharma stock has risen over 170% in 17 months Bitcoin slips more than 20% to below $6,300 after clocking 10-month high Bajaj Finance hits all-time high on strong Q4 results

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