MARKET SUMMARY OF 16 AUG 2019

Market ended flat on Friday dragged by uncertainty over announcement of any revival package by the government and weak global cues. Indices remained lack lustre for better part of the day, only to turn volatile in the afternoon trading session.The benchmark S&P BSE Sensex settled with gains of 39 points, or 0.10 per cent, at 37,350 levels led by banking and automobile stocks. The gains were, however, capped by losses in the technology and metal scrips. Power Grid, Maruti Suzuki, YES Bank, and IndusInd Bank were the top gainers at the 30-share index, while TCS, Vedanta, HCL Tech, and HDFC were the top laggards. The broader Nifty50, too, closed at 11,048-mark, up 18 points or 0.17 per cent. The Sensex and Nifty, each, slipped 0.6 per cent during the week, while Nifty Bank and mid-cap indices shed 1 per cent each during the period.Shares of Aarti Industries slipped 8 per cent to Rs 1,595 on the BSE in the intra-day trade on Friday. The stock fell 9 per cent from its early morning high on profit-booking after the management lowered FY20 revenue/profit guidance considering slowdown in end-use industries. The stock closed at Rs 1591, down 8 per cent. Shares of Apollo Hospitals Enterprises rallied 7 per cent intra-day to Rs 1,454 apiece on the BSE on Friday, also its 52-week high, on strong June quarter results for FY20 . The stock has surged 10 per cent at the bourses since Tuesday, when it reported more than double consolidated net profit at Rs 49 crore. The company had a profit of Rs 23 crore in the year-ago quarter. The stock is 6 per cent away from its all-time high level of Rs 1,544 touched on March 2, 2016. It ended at Rs 1471, up 8 per cent.

MARKET SUMMARY OF 7 AUG 2019

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A 35-basis point (bps) rate cut by the Reserve Bank of India (RBI) failed to lift the investor sentiment on Wednesday as the benchmark indices ended in the red.The S&P BSE Sensex lost 286 points  to settle at 36,690, with HUL being the top gainer and M&M the biggest loser. The broader Nifty50 index ended the session at 10,855, down 93 points. On the sectoral front, rate-sensitive stocks took the biggest knock with Nifty Bank, Nifty Auto and Nifty Realty slipping 1 per cent to 2 per cent.  Volatility gauge, India VIX climbed nearly 5 per cent to 16.88 levels. The broader market fared better than the benchmark indexes. Buzzing stock Indiabulls Housing falls 9% on weak Q1 results, worsened asset quality.Titan Company slips 4%, hits 6-month low on subdued Q1 earnings.Rate sensitive stocks trade mixed after RBI cuts repo rate by 35 bps.Vodafone Idea hits new low as CRISIL downgrades its NCDs rating.SRF packs a punch, defies Street in June quarter; stock gains 16%

MARKET SUMMARY OF 26 JUL 2019

Domestic indices ended Friday's lackluster trade with marginal gains. The benchmark S&P BSE Sensex and broader Nifty50 traded range-bound for better part of the day tracking corporate earnings and weakness in global markets. The Sensex ended 52 points, higher at 37,883 levels pulled up by automobile manufacturers, banking and financial stocks. YES Bank, Bajaj Finance, Hero Moto Corp, and M&M ended the day as top gainers while Vedanta, HDFC, Bharti Airtel, and Reliance were the top laggards at the close. On the other hand, Nifty50 settled at 11,284 mark, up 32 points In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, higher at 13,060 levels. Sectorally, all the indices ended in the green barring Nifty IT index. Nifty Auto index was the top performing index, closing with gains of over 2 per cent. Nifty Bank, including private bank and public sector bank indices, and Nifty Pharma ended with gains of a per cent each. Buzzing stock IDFC First Bank gains 14% in two days post June quarter results Tata Motors hits over 7-year low on weak Q1 results; recovers later Result impact Bajaj Auto surges up to 5% on better-than-expected Q1 net profit

MARKET SUMMARY OF 19 JUL 2019

Market saw the third-worst fall of 2019 on Friday as benchmark indices S&P BSE Sensex and Nifty50, both, fell to two-month low. The indices touched intra-day lows of 38,271 level at Sensex and 11,399 mark at Nifty. 'Super-rich tax' concerns on FPI, trade war tensions and weak corporate earnings contributed to the fall.The Sensex tanked 560 points, or 1.44 per cent, to close at 38,337 levels with 26 of the 30 stocks listed at the index ending in the red. IndusInd Bank, Bajaj Finance, M&M, and YES Bank were the top laggards while only NTPC, TCS, PowerGrid and ONGC ended in the green. The Nifty50, too, lost 178 points, or 1.53 per cent, to settle at 11,419 mark. Of the 50 stocks listed at the index, only 7 stocks advanced while the remaining 43 declined.  Sectorally, all the indices ended in the red. Nifty Auto index, too, tanked to two-month low to end 3.31 per cent lower. This was followed by losses in Nifty Private Bank index and Nifty Pharma index, down 2.45 per cent and 2.23 per cent respectively. The Nifty Auto index hitting a three-year low on Friday. Thus far in the calendar year 2019, auto index slipped 21 per cent, against 5 per cent rise in the benchmark index. M&M, Motherson Sumi Systems, TVS Motor Company, Exide Industries, Escorts, MSIL, Eicher Motors, Hero MotoCorp, Bosch and Ashok Leyland have seen market value erosion of more than 22 per cent during the period. 

MARKET SUMMARY 15 JUL 2019

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Positive global sentiment lifted pharma and information technology stocks on Monday. Consequently, markets ended in the positive territory.Encouraging Chinese GDP data for April-June quarter boosted investors' sentiment as it suggested the world’s second-biggest economy may be starting to stabilise.The S&P BSE Sensex settled 160 points, or 0.41 per cent, higher at 38,897 levels with Infosys, Sun Pharma, Tech Mahindra and Maruti being the top gainers. On the contrary, IndusInd Bank, L&T, ITC and Bharti Airtel were the top laggards. The broader Nifty50 too settled with gains of 36 points, at 11,588 levels. In the broader market, the S&P BSE MidCap settled 88 points, lower at 14,466 levels while the S&P BSE SmallCap closed 87 points lower at 13,689  levels.Sectorally, Nifty IT was the biggest gainer, closing nearly 3 per cent higher while Nifty Pharma index closed 1 per cent up. Among the laggards,.Buzzing stocks Allahabad Bank tanks 15% after reporting Rs 1,775 cr fraud by Bhushan PowerInfosys jumps over 5% on healthy Q1 results, other IT stocks rise too Indoco Remedies slips 12% on warning letter from USFDA for Goa plant Avenue Supermarts surges 6% after reporting strong numbers for June quarter

MARKET SUMMARY OF 12 JUL 2019

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

STOCK MOVES OF 10 JUL 2019

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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%.

MARKET SUMMARY OF 9 JUL 2019

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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