Domestic indices ended Friday's
choppy session in the negative territory. The markets remained range-bound, in the positive territory,
for most part of the day but were dragged lower by index heavyweights like HDFC
Bank, Axis Bank, Larsen & Toubro, and Bajaj Finance. The benchmark
S&P BSE Sensex closed at 38,736 levels, down 87 points .
Among the gainers, YES Bank, Tata Steel, Sun Pharma and Vedanta topped the
charts while ONGC, Bajaj Finance, ONGC and L&T were at the lower end of the
spectrum. The broader Nifty50 too settled with cuts. The 50-share index
settled at 11,552 levels, down 30 points. In the broader
market, the BSE MidCap index ended 59 points, higher at
14,554 levels while the BSE SmallCap index closed 22 points higher at 13,776 levels.Sectorally, banking, financial services and FMCG
counters were under pressure. The Nifty Bank index closed lower
followed by Nifty Financial Services index, down 0.29 per cent. Among gainers,
Nifty metals, pharma and realty counters were up between.Eris
Lifesciences hits record low as stock turns ex-date for share buyback Quess Corp surges 18% on preferential share allotment
to Amazon SBI Life Insurance
hits record high; surges 34% thus far in FY20 Budget impact:
KPR Mill withdraws share buyback proposal, stock dips 6% Den Networks rallies
11% as Co swings to profit in June quarter Oil hovers near
6-week high amid Gulf of Mexico storm, West Asia tensions
Saturday, July 13, 2019
Wednesday, July 10, 2019
STOCK MOVES OF 10 JUL 2019
FOR FREE TRAIL FILL THE FORM>>>
Nifty traded lower for a major part of the session and closed
tad below 11,500 on July 10, as rising crude prices along with fall in
financial services, metals, auto and PSU oil stocks dented sentiment.The index
closed below 11,500 for the first time since May 17 and formed bearish candle
on daily charts.Nifty after opening lower at 11,536 saw some recovery to hit
a day's high of 11,593.70, but slipped into the red after initial one hour of
trade and remained lower for rest of session amid volatility. The index closed
57 points lower at 11,498.90. SpiceJet
rallies 9% on heavy volumes as IndiGo, Jet Airways slip in trade Metal shares
under pressure; JSW Steel, Hindustan Zinc hit 52-week lows Sebi likely to
examine surcharge impact on foreign portfolio investors Reliance Capital,
Reliance Infra dip for sixth straight day, fall up to 7%.
Tuesday, July 9, 2019
MARKET SUMMARY OF 9 JUL 2019
FOR FREE TRIAL PLS FILL THE FORM>>>>>
Nifty50 after a roller coaster ride throughout session closed
flat on July 9 and formed a 'Hammer' pattern on daily charts. After pricing in
tax proposals announced in Budget, the market shifted its focus to June quarter
earnings season that will be kicked off by IT major TCS later today.The index
after opening lower at 11,531.60 hit an intraday low of 11,461 on weak global
cues, but recovered morning losses and hit a day's high of 11,582.55 in the
afternoon. Overall it was a consolidation day for the market after a sharp fall
seen in the previous two consecutive sessions. The index closed 2.70 points
lower at 11,555.90. Maruti
Suzuki hits over 2-year low; down 10% in three days Adani Power, Just Dial,
Varun Beverages hit 52-week highs BSE Consumer discretionary index hits 52-week
low; Bata, DMart down over 3% Mindtree hits 52-week low; stock dips 17% in two
days after top mgt resigns Share buyback runs into tax roadblock, govt move may
hurt repurchase No clarification over FPI surcharge needed at present, says FM
Sitharaman
Monday, July 8, 2019
MARKET SUMMARY OF 8 JUL 2019
FOR FREE TRIAL PLS FILL THE FORM>>>>
Nifty saw the biggest single-day fall in 2019 on July 8 as the
government proposed imposing an additional surcharge on FPIs and Punjab
National Bank detected another alleged fraud. The index broke its multiple
support of 11,600–11,650 and closed below the same after 35 trading sessions.
It closed below 50-DEMA and formed large bearish candle on daily charts as
bears have dominated the grip in the market. Jet Airways hits lower circuit for 4th straight day on SFIO
probe report Auto
stocks skid; Maruti Suzuki, Hero MotoCorp, TVS Motor hit 52-week low Tax
proposal in Budget 2019 hits Indian companies' year of share buybacks Mindtree
dips 10% on resignation of 3 co-founders as L&T takes control
Saturday, July 6, 2019
MARKET SUMMARY OF 5 JUL 2019
Domestic indices
plummted on Friday as Modi government's Union Budget for 2019-20 failed to
cheers investors. Even though the markets opened higher with the benchmark S&P BSE Sensex zooming past
the 40,000 mark to hit 40,032, the index fell over 500 points from the highs.The
S&P BSE Sensex closed 395 points, or 0.99 per cent, lower at 39,513 levels
with the YES Bank, NTPC and Mahindra & Mahindra being the top laggards. The
broader Nifty50 index tanked 136 points, or 1.14 levels, to end at 11,811
levels.In the broader market, S&P BSE Mid-Cap ended 208 points, or 1.39 per
cent, lower at 14,726 levels while the S&P BSE Small-Cap dipped 195 points,
or 1.36 levels, to settle at 14,142 levels. Sectorally, all the indices ended
in the red except Nifty PSU bank and Nifty Bank index that gained after the
finance minister announced that the government will pump in Rs 70,000
crore into public sector banks to strengthen them and enhance their
lending capacity.Metals, realty and auto counters were the biggest losers after
the Budget proposed import duty hike for auto-parts, metals and other equipment
used for manufacturing capital goods. Each index slipped over 3 per cent. PSU
Bank index closed 0.18 per cent higher after gaining nearly 4 per cent
intra-day on government's proposal to recapitalize banks.
Thursday, July 4, 2019
MARKET SUMMARY OF 04 JUL 2019
FOR FREE TRIAL FILL THE FORM>>>
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.
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.
Wednesday, July 3, 2019
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
Tuesday, July 2, 2019
MARKET SUMMARY OF 2 JUL 2019
FOR FREE TRIAL FILL THE FORM>>>>>
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
Subscribe to:
Posts (Atom)