Nifty, after a choppy trade initially, gained strength in the
last couple of hours of trade on March 19 and continued uptrend for the seventh
consecutive session to close above psychological 11,500 level for the first
time since September 14, 2018. A consistent rally brought the market to
overbought levels, hence the upside from hereon looks limited, experts said,
adding the correction or sideways trade could be possible in coming sessions.Nifty
after opening higher at 11,500 remained volatile and hit an intraday low of
11,451.25, but managed to gain strength in the last couple of hours of trade
and hit a day's high of 11,543.85. The index finally closed up 70.20 points at
11,532.40. Reliance Industries (RIL), ITC, Infosys and HDFC Bank
contributed the most to the index's gains while auto stocks and L&T emerged
as the top drags.
Tuesday, March 19, 2019
Monday, March 18, 2019
STOCK MARKET SUMMARY OF 18 MAR 2019
The last hour buying helped the market to end higher on Monday
with Nifty finished above 11,450 level.At the close, the Sensex was up 70.75
points at 38095, while Nifty was up 35 points at 11462. About 1132 shares have
advanced, 1545 shares declined, and 173 shares are unchanged. HPCL, IOC, Bajaj Finance, BPCL and JSW Steel were the top
gainers on the Nifty, while losers include Maruti Suzuki, Hero Motocorp, Wipro,
Bharti Airtel and HCL Tech.Among the sectors, IT and auto index remained under
pressure throughout the day as they slipped 1 percent each, while some buying
was seen in the metal, energy, FMCG and bank names.
BUZZING STOCKS
Shares of Lupin slipped 6 per cent to Rs 741 on the BSE in early morning trade in an otherwise strong market after the drug maker's Somerset facility was classified as Official Action Indicated (OAI) by the US health regulator. It was trading close to its 52-week low price of Rs 724 on May 15, 2018 in intra-day deal.
Mindtree surged as much as 2.38 per cent to Rs 968.55 in the early trade on Monday after the company announced it will consider share buyback plan on March 20 to fend off attempts by engineering major Larsen & Toubro (L&T) from making a hostile takeover bid
Shares of Lupin slipped 6 per cent to Rs 741 on the BSE in early morning trade in an otherwise strong market after the drug maker's Somerset facility was classified as Official Action Indicated (OAI) by the US health regulator. It was trading close to its 52-week low price of Rs 724 on May 15, 2018 in intra-day deal.
Mindtree surged as much as 2.38 per cent to Rs 968.55 in the early trade on Monday after the company announced it will consider share buyback plan on March 20 to fend off attempts by engineering major Larsen & Toubro (L&T) from making a hostile takeover bid
Friday, March 15, 2019
STOCKS AND NIFTY MOVE OF 15 MAR 2019
The NSE's benchmark
index Nifty50 closed above 11,400 level at 11,427, up 84 points or 0.74 per
cent. The index hit a high of 11,487 levels during the day. Both Sensex and Nifty reclaimed their crucial levels of 38,000 and 11,400 levels,
respectively in the intra-day trade after a gap of six months.On a weekly
basis,Sensex gained 3.68 per cent and Nifty added 3.54 per cent. Market breadth
remained in favour of declines as out 2,860 companies traded on BSE, 1,478
declined and 1,207 advanced while 175 remained unchanged. A total of 59
securities hit their 52-week highs while 111 scrips hit their one-year lows.
BUZZING STOCKSShares of Titan
Company hit a new high of Rs 1,112, up 2.5 per cent, in intra-day trade. The
firm is set to join the elite club of Rs 1-trillion market capitalization
(market-cap) on the BSE. The stock, eventually settled at Rs 1,095 apiece on
BSE, up nearly a per cent. Shares of UPL hit a
new high of Rs 921, up 2 per cent, in intra-day trade, after more than two
million shares of the agrochemicals company changed hands on the BSE through
block deal. It settled at Rs 922, up 2 per cent.
STOCK TIPS TO TRADE FOR 15 MAR-2019
FUTURE PREMIUM-BUY EQUITAS FUTURE 2LOTS ABOVE 138 TGT 139.65 142.50 SL 136.45
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Thursday, March 14, 2019
MARKET OUTLOOK OF 14 MAR 2019
TO GET FREE TRIAL CALLS FILL THE FORM>>>
In the broader market, the S&P BSE MidCap index ended
at 15,088, down 40 points or 0.26 per cent, while the S&P BSE SmallCap
index closed at 14,888 Benchmark
indices ended flat in choppy session on Thursday.At the close, the Sensex was
up 2.72 points at 37754, while Nifty was up 1.60 points at 11343. About 1216 shares
have advanced, 1468 shares declined, and 148 shares are unchanged. Nifty
Bank has crossed 29,000 for the first time today, but ended off day's high.NTPC
was the top gainer on the Nifty followed by IndusInd Bank, Yes Bank, Sun Pharma
and Coal India, while Power Grid Corp lost 3 percent, followed by HCL Tech,
Hero Motocorp, UltraTech Cement and Tata Motors.
Tuesday, March 12, 2019
MARKET REVIEW 12 MAR 2019
Extending their rally,
benchmark indices ended over 1 per cent higher on Tuesday, driven by gains in
financials and energy counters.Among sectoral indices, the Nifty Bank and Nifty
Private Bank hit all-time highs during the intra-day trade, with ICICI Bank,
IndusInd Bank being the top gainers. The indices settled at 28,443.70 and
16,257.90, respectively.In the broader market, the S&P BSE Midcap index
ended up 98 points, higher at 15,192, while the S&P BSE
SmallCap index ended at 14,920.50, up 158 points.The Nifty50 after strong opening continued its run
throughout the session and closed at highest levels in last six months on
Tuesday. Strong global cues and FII flow lifted sentiment.The index closed
above 11,300 levels and formed bullish candle on the daily charts for second
consecutive session.
Monday, March 11, 2019
MARKET SUMMARY OF 11 MAR 2019
Both Sensex, and Nifty recorded their highest
level in 2019. The S&P BSE Sensex closed above 37000 for the first time
since September 19, 2018, while Nifty50 reclaimed 11,100 levels for the first
time since September 21.
Lok Sabha elections will begin on April 11 and polling would be held over seven
phases till May 19, followed by counting of all votes on May 23, the Election
Commission announced the dates over the weekend.
Friday, March 8, 2019
MARKET SUMMARY OF 08 MAR 2019
The Nifty50 closed listless session marginally lower on Friday, but
managed to hold 11,000 levels for third consecutive session despite sharp fall
in global peers on growth concerns.After opening
marginally lower at 11,038.85, remained in the range throughout the session but
did not break psychological 11,000 levels. The index touched an intraday high
of 11,049 and low of 11,008.95, before closing 22.80 points lower at 11,035.40.
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