STOCK MARKET REVIEW 18 APR 2019

Selling in banks, realty and metal counters dragged the domestic equity market lower on Thursday.S&P BSE Sensex lost 135 points to settle at 39,140, with YES Bank being the biggest loser and Reliance Industries  the top gainer.Market breadth remained in favour of declines as out of 2,727 securities traded on BSE, 1,671 declined and 888 advanced while 168 scrips remained unchanged. The broader Nifty50 index of the National Stock Exchange  lost 34 points to end at 11,753. On a weekly basis, both the indices gained around 1 per cent.

MARKET SUMMARY OF 16-04-19

Benchmark indices ended on a strong note on Tuesday after hitting fresh record highs in the intra-day trade on Tuesday. The Sensex  hit a new lifetime high of 39,364.in the trade while the broader Nifty50 index of the National Stock Exchange (NSE) surpassed 11,800 level to hit a record of 11,810.Among sectoral indices, private bank stocks gained the most, followed by financial services and auto stocks. 

BUZZING STOCKS Jet Airways ended around 8 per cent lower at Rs 241.50 apiece on the NSE after reports suggested the airline may shut down its opeartions temporarily.Tata Consultancy Services hit a six-month high, extending its Monday’s 5 per cent rally on the BSE, after the company reported better than expected 2.4 per cent growth in constant currency revenue in the March 2018 quarter of financial year 2018 - 19 The stock settled at Rs 2,132 apiece on BSE. As polling for Lok Sabha elections is underway, Nifty's price structure is indicating a major shift in trend direction.

MARKET SUMMARY OF 15 APR 2019

BUY HEXAWARE FUTURE ABOVE 350.5 TGT 352/355 SL 348

BUY CIPLA FUTURE ABOVE 571 TGT 573/577 SL 566

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Benchmark indices  traded  in the positive territory. In the broader market, the S&P BSE MidCap index was trading 87 points higher at 15,513, while the S&P BSE SmallCap index was ruling at 15,139, up 117points, or 0.78 per cent.The rupee opened 10 paise higher at 69.07 against the US dollar on Monday.

BUZZING STOCKSShares of Infosys dipped 5 per cent to Rs 714 on the BSE in early morning deal after the company reported a lower-than-expected margin for the March 2019 quarter at 21.5 per cent. PC Jeweller shares rallied 14 per cent to Rs 128 in intraday trade on Monday, extending its Friday’s 17 per cent surge on the National Stock Exchange  after foreign portfolio investor  bought more than 2 per cent in the company through the open market. The stock was trading at its highest level since July 13, 2018.

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.

STOCK TO TRADE 11 APR 2019 :BUY INFY

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