Sensex finished higher, while Nifty flat in the volatile trade
on June 19.At close, the Sensex was up 66.40 points at 39112.74, while Nifty
ended flat at 11691.50. About 703 shares have advanced, 1847 shares declined,
and 119 shares are unchanged. Indiabulls Housing, Yes Bank, UPL, Adani Ports and
Cipla were among major losers on the Nifty, while gainers were Tata Steel, Zee
Entertainment, Kotak Mahindra Bank, NTPC and Titan Company.Buzzing stock Jet Airways falls 29% ahead of
NCLT hearing on insolvency plea.Dilip Buildcon dips 14% on report of possible exit
from HAM projects IRB
Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way Can Fin
Homes gains 5% after Canara Bank initiates stake sale process.
Wednesday, June 19, 2019
Tuesday, June 18, 2019
MARKET SUMMARY OF 18 JUN 2019
FOR FREE TRIAL FILL THE FORM>>>
The Nifty50 after opening flat at 11,677.05
remained rangebound throughout the session. It touched an intraday high of
11,727.20 and low of 11,641.15, before closing 19.30 points higher at 11,691.50. The index formed small bullish candle
which resembles a 'Spinning Top' kind of formation on daily charts.Spinning Top
is often regarded as a neutral pattern which suggests indecisiveness on the
part of both bulls and bears. It can be formed in an uptrend as well as in a
downtrend.Stock
of the day HDFC
MF provides liquidity to FMP investors; stock tanks 7%.YES Bank nears 5-year
low; slips 20% in four days after downgrade.Star Cement surges 13% as
board mulls share buyback.RInfra, Jet Airways among 54 stocks that tumbled up
to 62% in 3 weeks.Jet Airways tanks 53% as lenders move NCLT to initiate IBC
proceedings.$40 billion in just 7 yrs! India's exotic funds, a time-bomb for
investors.
Monday, June 17, 2019
MARKET SUMMARY OF 17 JUN 2019
Benchmark indices
slipped on Monday, dented by losses across sectors, after India slapped higher tariffs on certain US products in
retaliation to Washington’s decision to remove certain trade privileges for New
Delhi.
The government, after
dragging its feet for almost a year, decided to increase tariffs on 29
high-value US agricultural and industrial imports by up to 50 per cent.The
investor sentiment was further dampened by investor concerns over patchy
monsoon and the government’s ability to bolster a slowing economy.The
broader Nifty50 index dipped 151 points, or 1.28 per cent, to
11,672. About 685 shares on the NSE advanced, 1,847 declined, and 126 shares
remained unchanged.In the broader market, the S&P BSE MidCap index settled
at 14,531, down 190 points, or 1.29 per cent, while the S&P BSE
Smallcap index skidded 193 points, or 1.35 per cent, to 14,173.BUZZING STOCKSShares of Reliance Infrastructure hit an over 28-year low of Rs 52.70, down 10 per cent on the BSE on
Monday in the early morning trade after the auditors raised questions about the
company’s ability to continue in business. The stock ended the day 4.72 per
cent lower at Rs 56.50.Shriram Transport Finance Company shares dipped 6.54 per
cent to Rs 1,014 on the National Stock Exchange on Monday after Piramal
Enterprises sold its entire 9.96 per cent stake in the company through open
market.Shares of New Delhi Televisionskid 8 per cent to Rs 32.10 during
the early morning trade on the BSE on Monday, after markets regulator the Securities and
Exchange Board of India banned
the group chairman Prannoy Roy and director Radhika Roy from assessing the
capital market for two years. However, the stock settled for the day at Rs 35,
0.57 per cent higher.
Friday, June 14, 2019
MARKET SUMMARY OF 14 JUN 2019
A selloff towards the
fag end of Friday's session dragged the benchmark indices lower after a
range-bound trade for most part of the day .Reliance Industries and banking
stocks remained the top drags for the indices with the Bank Nifty dipping 1.17 per cent .On a weekly basis, both
the Sensex slipped 0.5 per cent
each.In the broader market, the S&P BSE MidCap index was down 1 per cent to
14,721, while the S&P BSE SmallCap ended the day 110 points, or 0.76 per
cent, lower at 14,366. BUZZING STOCKS RITES shares rallied 6.05 per cent to Rs 293.65 on the
BSE on Friday after the company said its board will meet on June 24, 2019 to
consider bonus issue proposal. Gruh Finance shares slipped 8 per cent to Rs 285
on the BSE in early morning trade after the promoter Housing Development
Finance Corporation (HDFC) sold more than 4 per cent of the company's paid-up
capital in the open market. However, the stock ended the day 5.4 per cent lower
at Rs 291.85.
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow.
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow.
Thursday, June 13, 2019
STOCK MOVES OF 13 JUN 2019
Market ended flat on Thursday
with gains being capped by banking and auto stocks. Weak global cues and rising
retail inflation, too, contributed to a lackluster trade.The broader Nifty50
settled just above the psychological level of 11,900 at 11,914 mark, up a
modest 8 points, or 0.07 per cent. Among sectoral indices, public sector banks,
metals and IT stocks lost ground. Indiabulls Housing up
10% on withdrawal of PIL in fund siphoning off case
YES Bank dips 6% to
hit 40-month low as global brokerage downgrades stock Tyre stocks under pressure as rubber prices rise; Ceat hits
52-week low IndusInd Bank dips 8% to hit 3-week low
after UBS downgrades scrip to sell Jet Airways tanks 23%
after BSE, NSE put trading restrictions w.e.f June 28 NMDC skids 7% after
protests halt iron ore production at Chhattisgarh unit
Wednesday, June 12, 2019
MARKET SUMMARY OF 12 JUN 2019
The benchmark S&P
BSE Sensex closed at 39,757 levels, down
194 points or 0.48 per cent with Tata Steel and ONGC being the top gainers
while YES Bank and Maruti Suzuki were the top stragglers. The market breadth
remained in favor of decline with 122 shares advancing and 320 shares slipping. The broader NSE Nifty50
settled at 11,906 levels, down 59 points or 0.5 per cent. While realty stocks
took the hardest beating, with the index sliding over 2 per cent, banks,
financial services and auto stocks skid over a per cent each. Metal scrips were
the only sectoral gainer, rising 0.3 per cent.In the broader market, the S&P BSE Midcap settled 118 points lower at
14,922 levels while the BSE Smallcap ended 70 points lower at 14,549
levels.Buzzing stocks Shares of newly-listed
Neogen Chemicals hit a new high of Rs 337, up 10 per cent on the BSE in an
otherwise weak market on Wednesday. The stock, which got listed on the bourses
on May 8, 2019, has rallied 57 per cent against its issue price of Rs 215 per
share. The stock finally settled at Rs 364 per share, up 18.48 per cent.Indiabulls Housing Finance
dropped out of the club of 100 most valued companies in terms of market
capitalisation after a sharp decline in stock price over the past
few sessions. The fall comes on the back of reports alleging that the firm has
misappropriated Rs 98,000 crore of public money.
Tuesday, June 11, 2019
STOCK MOVES OF 11 JUN 2019
FOR FREE TRIAL FILL THE FORM>>>
Benchmark indices ended
higher, lifted by bank and metal stocks, for third consecutive trading session
on Tuesday that also saw Sensex and Nifty reclaim the 40,000-mark and 12,000-mark, respectively, during
intra-day trade although the indices settled at lower levels by the end.In the
broader market, the S&P BSE MidCap index jumped 118 points to 15,040, while the S&P BSE SmallCap index rose 34 points to 14,619.BUZZING STOCKSShares
of all listed Indiabulls Group companies were under pressure, falling up to 10
per cent on the BSE during the early morning trade on Tuesday after media
reports alleged Indiabulls Housing Finance Limited (IHFL) for misappropriating
Rs 98,000 crore of public money.Shares of Eveready Industries slipped up to 4
per cent to Rs 86.55 apiece on the National Stock Exchange (NSE) during the
early morning deals on Tuesday after credit ratings agency India Ratings and Research (Ind-Ra) downgraded the
company's long-term credit ratings. The stock ended the day 1 per cent lower at
Rs 90.Shares of Sterlite Technologies surged 12 per cent to Rs 193 in intraday
trade on the BSE on Tuesday on the back of heavy volumes after promoter Twin
Star Overseas removed entire pledge on the company's shares. The share ended
the day 10.81 per cent higher at Rs 191.75.
Monday, June 10, 2019
MARKET SUMMARY OF 10 JUN 2019
FOR FREE TRIAL FILL THE FORM>>>
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.
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