MARKET SUMMARY OF 12 APR 2019

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Buying in select bluechip counters such as ITC, Maruti, ICICI Bank and Infosys helped benchmark indices to settle in the positive territory on Friday. The broader Nifty50 index of the National Stock Exchange (NSE) settled at 11,643.45, up 47 points or 0.40 per cent, with 27 constituents advancing and 23 declining. On a weekly basis, Sensex lost 0.24 per cent while Nifty settled with 0.19 per cent decline.

BUZZING STOCKSShares of ITC hit over a six-month high in the intra-day trade, extending its previous day’s 1 per cent gain, on the back of heavy volumes on the BSE. The stock ended at Rs 305.60 apiece, up 3 per cent. Shares of SpiceJet surged 10 per cent to Rs 111 on Friday, gaining 18 per cent in the past two trading days after the company said it will induct 16 Boeing 737-800 NG aircraft on dry lease. The company has applied to the Directorate General of Civil Aviation  for a no objection certificate  to import the aircraft. Shares, eventually closed at Rs 110, up nearly 9 per cent. 

MARKET SUMMARY OF 12-04-19

BUY TATAMOTORS ABOVE 218 TG 222,227 SL 212

Tatamotors  gave a price-volume breakout above Rs 200 and thereafter it is successively keeping above this level since last few trading days. There is no major supply area of the stock below Rs 274. So, the current demand is likely to lift the stock smoothly to higher level.

Benchmark indices ended flat on Thursday as investors weighed in on the first phase of 2019 Lok Sabha elections. Moreover, onset of March quarter financial results and CPI inflation data, which is scheduled to be released tomorrow, kept investors on tenterhooks.The S&P BSE Sensex gained 22 points to end at 38,607, with Bharti Airtel  being the top gainer and Vedanta the looserOn NSE, the 50-share index Nifty slipped below the crucial 11,600 level to end at 11,597, up over 12 points.

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BUY INFY ABOVE 757 TG 765,772 SL 750

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Benchmark indices ended near day's low on April 10 with Nifty finished below 11,600 level.At close, the Sensex was down 353.87 points at 38585.35, and the Nifty was down 88.40 points at 11,583.60. About 1134 shares have advanced, 1369 shares declined, and 173 shares are unchanged. Bharti Airtel, Asian Paints, Hindalco Industries, TCS and UPL were the top losers, while Tata Motors, Wipro, Cipla, HUL and Adani Ports were among major gainers on the Nifty.Except auto and pharma, all other sectoral indices ended in red led by bank, metal, IT, infra, energy and FMCG. Shares of Tata Motors ended nearly 5 per cent higher at Rs 215.65 apiece on the BSE on the expectation of margin expansion due to an improvement in Jaguar Land Rover businesses. Wipro ended nearly 3 per cent higher at 281 on the BSE after a news report said the company is likely to announce share buyback worth of Rs 12,000 crore.On the other hand, Vodafone Idea closed over 3 per cent lower at Rs 16.35 apiece on the BSE. The company's Rs 25,000 crore rights issue opened today. 

QUICK REVIEW OF STOCK MARKET 09-04-19

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After oscillating between the positive and negative territory for most part of the session, key stock benchmark indices ended over half a per cent higher on Tuesday, thanks to buying in the last hour of the trade.Benchmark indices ended higher on Tuesday with Nifty above 11,650 level supported by auto and banking stocks.At close, the Sensex was up 238 points at 38939, while Nifty was up 67 points at 11,672. About 1152 shares have advanced, 1370 shares declined, and 148 shares are unchanged. Yes Bank, Wipro, Tata Motors, ICICI Bank and Bajaj Auto were the top gainers on the Nifty, while losers include Indiabulls Housing, Asian Paints, Infosys, Bharti Airtel and Titan.Except infra all other sectoral indices ended in green led by PSU Bank, metal, auto, pharma, energy, IT and FMCGSectorally, all the indices except media counter ended in the green. PSU bank stocks advanced the most, followed by realty and auto stocks. 

 BUZZING STOCKS.Shares of Merck hit a new high of Rs 3,990, up 5 per cent in the intra-day trade on the BSE. The stock, eventually, settled at Rs 3,952 apiece, up 3.77 per cent. IT major Infosys hit a new high of Rs 774 during the trade before settling at Rs 760, down nearly a per cent.Asian Paints ended over 3.50 per cent lower at Rs 1,443.50 apiece after news reports said CLSA has downgraded the stock to 'sell' with the target price of Rs 1,400 from Rs 1,565 earlier.

CALL TO TRADE TODAY

SELL DHFL FUTURE 2LOTS BELOW 155.50 TGT 153 149 SL 158

STOCK MARKET SUMMARRY OF 8 APR 2019

Nifty50 started off the week with a negative bias and broke 11,600 level intraday on April 8, forming bearish candle which resembles a 'Bearish Engulfing' kind of formation on daily candlestick charts.The follow-up buying was missing on Monday after pull back attempt was made by the index on April 5, which indicated that if it decisively breaks crucial support of 11,549 in coming sessions, 11,300 could be the next target on downside.The equity benchmark indices ended a volatile session in the negative territory on Monday as investors awaited cues from March-quarter results starting this week. Besides, sell-off in oil sector and profit-booking in recent gainers also led to the decline in the market. Bajaj Finance being biggest loser and infosys the top gainer.

MARKET SUMMARY OF 05-04-19

The benchmark indices ended on a positive note on Friday after two consecutive sessions of losses, lifted by a sudden surge in the last 15 minutes on a day when the indices remained rangebound for the majority of the duration.

On a weekly basis, the S&P SENSEXended 0.49 per cent higher while the NIFTY 50 gained 0.36 per cent on a weekly basis.In the broader market, the S&P BSE Midcap index surged 97 points  to close at 15,509. The S&P BSE SmallCap rose 108 points  to end at 15,046.

 BUZZING STOCKS

Godrej Properties surges 6% after launching new residential projects.

Bajaj Finance, Bajaj Finserv hit new highs on AUM growth expectations.

Balrampur Chini hits 52-week high as board approves share buyback.

ABB India gains 4% on board nod for demerger of power grid biz.

Sugar stocks in focus; Shree Renuka, Mawana Sugars up over 10%

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The Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to ‘Neutral’. This is the second rate cut in 2019.The MPC notes that the output gap remains negative and the domestic economy is facing headwinds, especially on the global front. The need is to strengthen domestic growth impulses by spurring private investment which has remained sluggish.Rate cut usually acts as a sentiment booster and aid companies that have to service large debts. A cut by RBI injects liquidity in the economy. Loans with a low rate lead to an increase in buying interest. The S&P BSE Sensex shed 192 points or 0.49 per cent to settle at 38,685. Reliance Industries, TCS, Infosys, ICICI Bank and IndusInd Bank contributed the most to the index's decline. Out of 30 components, 17 scripts ended in the red.