MARKET SUMMARY OF 04 JUL 2019

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Domestic indices ended Thursday's trading session in the green ahead of the Union Budget presentation on Friday, July 5.The S&P BSE Sensex ended 69 points, or 0.17 per cent, higher at 39,908 levels with Bharti Airtel, Tata Motors and IndusInd Bank being the top gainers. The broader Nifty50 too settled at 11,947 levels, up 30 points, or 0.25 per cent.In the broader market, S&P BSE Mid-Cap ended at 14,918 levels while the S&P BSE Small-Cap gained 0.12 per cent, to settle at 14,329 levels. Sectorally, public sector banks' scrips gained the most with the index scaling 2 per cent intra-day. It ended 1.31 per cent higher. This was followed by gains in realty counters. The biggest losers at the bourses were metal and pharma scrips with their index sliding 1.11 per cent and 0.64 per cent respectively.Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis.Shares of IndiaMART InterMESH  made a strong debut on the bourses, by listing at Rs 1,180, 21 per cent higher against its issue price of Rs 973 apiece on the National Stock Exchange and BSE.

MARKET SUMMARY OF 3 JUL 2019

Nifty after a rangebound session closed flat with a positive bias on July 3 as traders eagerly await Union Budget 2019 scheduled to be presented on July 5.The index closed above 11,900 for a second consecutive session after consolidating in a narrow trading band of 11,888 to 11,950 for the most part of the day. Earnings alert Samsung likely to report 60% decline in Q2 profit, lowest in 3 years. Icra downgrades McLeod to default in fourth rating action since April. ICICI inks pact with Indostar Capital to finance commercial vehicles .Indiabulls Fin to buyback NCDs, masala bonds worth Rs 2,705 cr in Sept. PNC Infratech nears record high; stock surges 47% in two months

MARKET SUMMARY OF 2 JUL 2019

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Domestic indices ended Tuesday's volatile trade with gains. The indices traded in the red for better part of the day, tracking concerns on weak global growth across

world markets coupled with rising trade tensions.The losses were, however, pared against last hour buying in select stocks such as HDFC twins, Infosys, Reliance and ONGC.The S&P BSE Sensex ended 130 points, or 0.30 per cent, higher at 39,816 levels with ONGC, HDFC and Bharti Airtel being the top gainers. The broader Nifty50 too settled with gains of 45 points, or 0.38 per cent, at 11,910 levels.In the broader market, S&P BSE Mid-Cap ended 56 points, or 0.38 per cent higher at 14,945 levels while the S&P BSE Small-Cap gained 0.52 points to settle at 14,283 levels.Sectorally, realty scrips were under pressure with the index with ending 1.5 per cent lower. This was followed by losses in pharma and bank counters. Nifty IT index settled nearly a per cent higher followed by metal index. BSE suspends trading of JK Pharmachem and 7 others on investors' complaintStock of the day ICRA slips 6% after it sends MD and CEO Naresh Takkar on sudden leave Another Cox & Kings default drags stock to fresh all-time low Why bond traders are seen forgiving Modi govt on wider budget deficit Google, Facebook made Rs 10,000 crore; paid Rs 200 crore as tax in India Ola Electric gets $250 mn from SoftBank, becomes India's newest unicorn Hindustan Zinc stock turns attractive after the recent correction

MARKET SUMMARY OF 1 JUL 2019

Domestic indices ended at a three-week closing high on Monday tracking positive global sentiment stemmed from trade truce between the US and China. Heavy buying was witnessed across finanicals, banking, automobiles and realty stocks.The S&P BSE Sensex ended 292 points  higher at 39,686 levels with Tata Motors, Bajaj Auto and HDFC being the top gainers. The broader Nifty50 too ended the session with gains of 77 points, at 11,866 levels.In the broader market, S&P BSE Mid-Cap ended 81 points  higher at 14,889 levels while the S&P BSE Small-Cap gained 43 points , to settle at 14,283 levels. Sectorally, realty led the rally with a gain of over 2 per cent. This was followed by gain in automobiles, pharma and bank counters, which rose about a per cent each.  SBI, Syndicate Bank: Should you buy PSU banks ahead of Union Budget 2019? Stock alert Reliance Infra slips 10% on rating downgrade by Brickwork VA Tech Wabag soars 14% on hopes of water mgt announcement in Budget 2019 Bank of Baroda down 1% post report of Rs 3,000 cr loan purchase from DHFL Torrent Power soars on power agreement with Gujarat Electricity Comm Buzzing stock Eveready Industries locked in 5% lower circuit after PwC resigns as auditor.

MARKET SUMMARY OF 28 JUN 2019

After making an all-time high at 12,103 on the 1st trading session of June, Nifty spent the rest of the month in a corrective mode. Though there were few stock specific shorting opportunities during this period, the ranging price action was quite annoying for most short-term traders as it lacked directional bias in either direction.Selling pressure was visible in the midcap space as the Nifty200 breadth remained weak. Bank Nifty witnessed selling pressure for the first half of the series, however, a smart recovery was seen in the last few trading sessions.During this contra trend period, the putative swing low (of 11,625) in Nifty50 was formed near the gap support area of 11,600-11,400.Jet airways employees consortium, AdiGroup to bid for 75% of airline  Inside Apple's long goodbye to Jony Ive, the man who designed the iPhone From liquidity to stress fund: Real estate, homebuyers' Budget expectations Over half the SME universe in the red: Here're the top losers since 2012 ONGC seeks bids to enhance production from 64 marginal fields

MARKET SUMMARY OF 27 JUN 2019

Nifty wiped out initial gains in the last couple of hours of trade amid volatility due to F&O expiry and correction in European indices on June 27.The index failed to hold 11,900 and closed flat, forming bearish candle that resembles Shooting Star pattern on daily charts.A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in the near future.Buzzing stock CreditAccess gains 8% on completion of direct assignment of Rs 139 crore SBI nears record high on fundraising plan; stock rises 7% in six days Real estate shares in focus; Godrej Properties hits record high Cox & Kings hits lower circuit for 2nd straight day, tanks 57% in a month DHFL promoters sell stake in wealth management business to employees Bitcoin climbs to 18-month high, soars past $13,000 as Libra spurs interest.

MARKET SUMMARY OF 26 JUN 2019

Despite benchmark indices reaching new heights in early June, the breadth of the market remains weak. This is evident from the fact that almost 20 percent of BSE500 stocks hit their respective 52-week low in June Eighty-eight stocks in the BSE500 index hit their respective 52-week low in June, which include Hindustan Zinc, JSW Steel, Bosch, Motherson Sumi, Vodafone Idea, General Insurance Corp., Lupin, Biocon and YES Bank, among others.Indian tyre companies to gain from CVD duty on Chinese imports; top picks Buzzing stock DHFL falls 9% on partial payment of Commercial Paper dues Shriram Group shares trade weak; Shriram City Union hits 52-week low ICICI Bank, Power Finance, and 12 other stocks hit 52-week highs on BSE 500 Rushil Decor hits lower circuit for 2nd straight day; tanks 28% in two days.SBI Life Insurance hits 52-week high on strong response for share sale.

MARKET SUMMARY OF 25 JUN 2019

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Nifty recovered from first hour's sell-off and strengthened as the day progressed to end near day's high on June 25 after. The gain comes after losses in the previous two sessions.Advancement of southwest monsoon and stability in crude oil prices lifted traders sentiment.The index took support at its 50-DEMA, near 11,650 and rallied towards 11,814 intraday, forming bullish candle that resembles Bullish Engulfing pattern on daily charts.Top companies where promoters have trimmed their stake in the past one year Tyre stocks gain as govt imposes additional duty on Chinese tyre imports HDFC AMC hits record high, rises 9% in four days. ACC, Ambuja Cements, UltraTech: Three cement stocks that can rally 10% Stock of the day Trent soars to record high on fundraising plan; stock rallies 10% in a week ICICI Lombard falls 8% after block deals Emami soars 12% after promoters set timeline to reduce debt.