MARKET SUMMARY OF 10 JUN 2019

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On the weekly chart, Nifty has formed a small Bearish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 11,970, it would witness buying that would lead Benchmark indices ended Monday's session with gains, lifted by tech stocks, in line with global stock markets that were buoyed by a deal struck between the US and Mexico to avoid a tariff war, and weak US jobs data that raised hopes of rate cuts by the Federal Reserve.In the broader market, the S&P BSE MidCap was up 17 points, or 0.11 per cent, to 14,923, while the S&P BSE SmallCap dipped 72.5 points, or 0.49 per cent, to 14,585.BUZZING STOCKS Shares of Jammu & Kashmir (J&K) Bank tanked 20 per cent to Rs 47.60 apiece on the BSE on Monday after reports suggested that the Anti-Corruption Bureau alleged Parvez Ahmed, now-removed chairman-cum-managing director, of indulging in corrupt activities. The stock, however, ended the day at Rs 52.25, down 12.11 per cent. Shares of Jet Airways (India) were trading 8 per cent lower on the BSE in the morning deals on Monday after concerns over a potential government-led investigation surfaced, implying derailment of the revival plan of the cash-strapped airline.

MARKET SUMMARY OF 7 JUN 2019

Benchmark indices ended Friday's volatile session with marginal gains, lifted by HDFC twins and bank stocks amid weakness in pharma counters.The broader Nifty50 index added 27 points, or 0.23 per cent, to 11,871. About 1058 shares advanced, 1390 shares declined, and 146 shares remained unchanged on the NSE.

BUZZING STOCKSShares of Eros International Media on Friday plunged 20 per cent to hit a new low of Rs 42.50 despite the company's clarification on credit rating downgrade by CARE Ratings, which had cut its long-term loan facilities ratings from 'BBB-' to 'D'.Shares of Indiabulls Real Estate (IBREL) rallied as much as 15 per cent to Rs 151 apiece on the BSE on Friday after the promoters sold 14 per cent of their holding in the company through open market. However, the stock ended the day 2.58 per cent lower to Rs 128.20.  Shares of Manappuram Finance slipped 10 per cent in the intra-day trade to quote Rs 124 apeice on the BSE on Friday after markets regulator, Securities and Exchange Board of India (Sebi), issued notice to five Asset Management Companiealleging insider trading in favour of the company. The stock, however, pared some of its losses later in the day to settle at Rs 131.90, down 4.18 per cent. 

MARKET FACED A DOWNFALL 06 JUN 2019

Financials drop post DHFL crisis, liquidity issues, and trimmed GDP growth projections were among the major factors that dragged the markets lower on Thursday.  The benchmark S&P BSE Sensex slipped 554 point, to 39,530, with IndusInd Bank, Tata Steel, YES Bank, Larsen & Toubro, and State Bank of India were among the top losers. Only eight of the 30 BSE Sensex constituents ended the day in the green. The broader Nifty50 index tumbled 178 points to 11,844.Buzzing stocksShares of Dewan Housing Finance Corporation (DHFL) tanked 15.86 per cent to Rs 93.90, hitting an over five-year low on the BSE after rating agencies downgraded its commercial papers, citing delays in debt servicing. The stock was trading at its lowest level since December 23, 2013 on the BSE.  Shares of Eros International Media were hammered by heavy selling during the early morning deals on Thursday after ratings company CARE cut its long-term loan facilities ratings from 'BBB-' to 'D'. The stock was locked in the lower circuit of 20 per cent at Rs 53.10 per share on the BSE, which was also its lifetime low. Shares of GAIL (India) hit an over three-month low of Rs 316.3, down 11.77 per cent, on the BSE on the back of heavy volumes. The stock was quoting at its lowest level since February 26, 2019. 

MARKET EYEING RBI POLICY ON 6 JUN

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Benchmark indices ended Tuesday's session with losses, weighed down by tech stocks, as investors booked profit after both Sensex and Nifty's close at heady heights in the previous session.The broader Nifty50 index slumped 67 points to 12,022. The market breadth was in favour of sellers. About 990 stocks declined and 789 shares advanced on the NSE.Tuesday was the last trading day ahead of the RBI monetary policy outcome on Thursday, as the stock market will be closed on Wednesday on account of Eid-al-Fitr. Two-thirds of 66 economists polled by Reuters expect the MPC to wrap up on Thursday by cutting the repo rate by 25 basis points. 

Buzzing stock Manappuram Finance hits fresh all-time high; surges over 50% in 2019

PSU banks rally; Oriental Bank, Syndicate Bank up over 5% in subdued market

GE Power rallies 5% on winning Rs 738 crore Aravali Power contract

US launches antitrust probe into big tech firms; FB, Amazon shares drop

MARKET SUMMARY OF 03 JUN 2019

Despite negative global cues, bulls were able to make Sensex and Nifty to touch fresh record highs. Sensex hit a fresh record high of 40,308 while Nifty50 surpassed 12,041 to hit a fresh life high of 12,103 in intraday trade on June 3.At close, Sensex reached a record high of 40,268 while Nifty ended 165 points higher at 12,089.Buzzing stock Hero MotoCorp gains 4% on May auto sales numbers SpiceJet hits new high, IndiGo nears record high on ATF prices cut Apollo Hospitals rallies 12% in two days on strong Q4 results Economists caution govt over fiscal stimulus, call for RBI rate cut

STOCK MOVES OF 31 MAY 2019

Benchmark indices ended Friday's session with cuts, dragged down by bank stocks, after giving up the early gains during which they reclaimed the crucial 40,000 and 12,000 levels, respectively.The broader Nifty50 index finished at 11,923, down 23 points, or 0.19 per cent. On a weekly basis, both Sensex and Nifty posted a gain of 0.8 per cent.

BUZZING STOCKSShares of Hindustan Petroleum Corporation (HPCL) hit a 52-week high of Rs 330, up 4 per cent, before ending the day 2.05 per cent higher at Rs 234.15 on the BSE, lifted by strong earnings in March quarter  and fall in crude oil prices. In comparison, the S&P BSE Sensex was up 5 per cent during the same period. Coal India shares rallied as much as 4.11 per cent in the morning deals on Friday, a day after the company reported an impressive 362.46 per cent jump in its net profit at Rs 6,024.23 crore for the quarter ended March 31, 2019. The stock ended the session 0.18 per cent higher at Rs 253.35. 

MARKET SUMMARY OF 30 MAY 2019

The Nifty 50 after opening flat gained strength as the day progressed and ended May series at record closing high on May 30 ahead of the swearing-in ceremony of Modi government.Nifty reversed its previous day's losses and formed bullish candle on daily charts, but further upside is possible only if it registers a decisive close above 12,041 Buzzing Stocks Voltamp Transformers rallies 10% on dividend bounty, good Q4 results Info Edge gains 9% in three days on strong Q4 results; stock hits new high IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs 200 on NSEPC Jeweller extends fall ahead of Q4 results; stock slips 25% in four days Manpasand Beverages hits record low.

STOCK MOVES OF 29 MAY 2019

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Nifty traded lower for major part of session to snap three-day winning streak and closed in the red on May 29 ahead of the expiry of May futures and options contracts on May 30. The index formed a bearish candle on daily charts. Bank, auto, and metal stocks suffered the deepest cuts.In the broader market, the S&P BSE MidCap index slumped 126 points, to trade around 15,001 levels, while the S&P BSE SmallCap dipped 86 points, to end at 14,934.BUZZING STOCKSLogistics stocks were in focus in early morning trade on the BSE on Wednesday on the back of heavy volumes amid expectations of earnings improvement.  Adani Gas shares hit a new high of Rs 174 before ending the day 2.6 per cent higher at Rs 167.45 on the BSE on the back of strong numbers in March quarter results. In comparison, the S&P BSE Sensex was up 0.65 per cent during the same period.  Jubilant Life Sciences shares continued to remain under pressure, hitting 33-month low of Rs 501.10, down 2.7 per cent on the BSE on Wednesday. The stock has fallen 19 per cent in the past nine trading days, after reporting weak March quarter earnings. The stock was quoting at its lowest level since August 29, 2016.