Saturday, June 1, 2019

STOCK MOVES OF 31 MAY 2019


Benchmark indices ended Friday's session with cuts, dragged down by bank stocks, after giving up the early gains during which they reclaimed the crucial 40,000 and 12,000 levels, respectively.The broader Nifty50 index finished at 11,923, down 23 points, or 0.19 per cent. On a weekly basis, both Sensex and Nifty posted a gain of 0.8 per cent.
BUZZING STOCKSShares of Hindustan Petroleum Corporation (HPCL) hit a 52-week high of Rs 330, up 4 per cent, before ending the day 2.05 per cent higher at Rs 234.15 on the BSE, lifted by strong earnings in March quarter  and fall in crude oil prices. In comparison, the S&P BSE Sensex was up 5 per cent during the same period. Coal India shares rallied as much as 4.11 per cent in the morning deals on Friday, a day after the company reported an impressive 362.46 per cent jump in its net profit at Rs 6,024.23 crore for the quarter ended March 31, 2019. The stock ended the session 0.18 per cent higher at Rs 253.35. 

Thursday, May 30, 2019

MARKET SUMMARY OF 30 MAY 2019


The Nifty 50 after opening flat gained strength as the day progressed and ended May series at record closing high on May 30 ahead of the swearing-in ceremony of Modi government.Nifty reversed its previous day's losses and formed bullish candle on daily charts, but further upside is possible only if it registers a decisive close above 12,041 Buzzing Stocks Voltamp Transformers rallies 10% on dividend bounty, good Q4 results Info Edge gains 9% in three days on strong Q4 results; stock hits new high IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs 200 on NSEPC Jeweller extends fall ahead of Q4 results; stock slips 25% in four days Manpasand Beverages hits record low.


Wednesday, May 29, 2019

STOCK MOVES OF 29 MAY 2019


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Nifty traded lower for major part of session to snap three-day winning streak and closed in the red on May 29 ahead of the expiry of May futures and options contracts on May 30. The index formed a bearish candle on daily charts. Bank, auto, and metal stocks suffered the deepest cuts.In the broader market, the S&P BSE MidCap index slumped 126 points, to trade around 15,001 levels, while the S&P BSE SmallCap dipped 86 points, to end at 14,934.BUZZING STOCKSLogistics stocks were in focus in early morning trade on the BSE on Wednesday on the back of heavy volumes amid expectations of earnings improvement.  Adani Gas shares hit a new high of Rs 174 before ending the day 2.6 per cent higher at Rs 167.45 on the BSE on the back of strong numbers in March quarter results. In comparison, the S&P BSE Sensex was up 0.65 per cent during the same period.  Jubilant Life Sciences shares continued to remain under pressure, hitting 33-month low of Rs 501.10, down 2.7 per cent on the BSE on Wednesday. The stock has fallen 19 per cent in the past nine trading days, after reporting weak March quarter earnings. The stock was quoting at its lowest level since August 29, 2016. 

Tuesday, May 28, 2019

MARKET SUMMARY OF 28 MAY 2019


Nifty took a breather on May 28 after a sharp rally in the last two sessions but still managed to end at record closing high amid consolidation.The index opened on a positive note at 11,958.35, which was also an intraday high but after few minutes of trade, slipped into the red and traded with a negative bias for the most part of the session to hit a day's low of 11,864.90.Benchmark indices ended Tuesday's volatile session with marginal gains, to close in the green and at record levels for the third consecutive session.The indices were either flat or in the red for majority of the day, but were pulled up by a buying spree in the last half an hour.In the broader market, the S&P BSE MidCap index was trading 13 points or 0.09 per cent higher at 15,127 while the S&P BSE SmallCap index was trading at 15,020, up 61 points or 0.41 per cent. BUZZING STOCKS Shares of aviation companies were in focus with InterGlobe Aviation, the operator of IndiGo, hitting a new high of Rs 1,716, up 3 per cent, on the BSE in Tuesday's early morning trade, after its quarterly profit surged five-fold in March quarter. However, the stock ended the session with losses at Rs 1,659.10.Shares of Natco Pharma hit a new low of Rs 482, down 8 per cent on the BSE in early morning trade, after the company reported a decline in net profit for the second consecutive quarter, due to lower revenue growth The stock, however, recovered the losses to finish with 1 per cent gain at Rs 530.50.. 

Monday, May 27, 2019

STOCK MARKET REVIEW OF 27 MAY 2019


Driven by banking and metals stocks, Nifty closed above 11,900 levels and formed a bullish candle on the daily charts. The index rallied 80 points higher to end at record closing high of  11,924 and is 116 points away from its life-time high of 12,041 levels. Benchmark indices finished Monday's session at a record closing high, lifted by HDFC twins and Larsen & Toubro. The broader Nifty50 broke past the 11,900-mark to end the day at 11,925, up 81 points. The market breadth was tilted in favour of buyers. About 1,331 stocks gained and 470 shares declined on the NSE. BUZZING STOCKS Manpasand Beverages shares were on Monday locked in lower circuit, down 20 per cent at Rs 88, on the BSE, with huge sell orders on the counter, after the company’s top management was arrested in a Rs 40 crore Goods and Services Tax fraud case. Lupin shares slipped 2.5 per cent to Rs 744.10 on the BSE after the US health regulator classified the inspection of the company's Goa facility as Official Action Indicated. Shares of Page Industries hit a 52-week low of Rs 19,730 apiece on Monday, plunging 10 per cent on the BSE before ending the day lower at Rs 19,678.5 after the company delivered its worst-ever quarterly performance. While the revenue grew flat, earnings declined mainly due to weak demand, high base and intensifying competition in the March quarter earnings. 

Friday, May 24, 2019

MARKET SUMMARY OF 27-05-19


The benchmark indices ending Friday's session at record closing highs, after investors' optimism was boosted by Narendra  Modi-led National Democratic Alliance return to power the previous day. While the gains were across the board, bank stocks and financials made the highest contribution to the indices' rise.The broader Nifty50 index rose 187 points to settle at 11,844. About 1823 shares advanced, while 676 declined, and 150 shares remained unchanged on the NSE.
BUZZING STOCKS Shares of JMC Projects (India) surged 15 per cent to Rs 136 apiece in the opening trade on the BSE on Friday after the company secured new orders worth of Rs 616 crore for residential and commercial projects in South India. KEI Industries traded higher for the fifth straight day, up 5.6 per cent at Rs 491.95 on the BSE on Friday, after the company reported a strong operational performance in the March quarter . 

Thursday, May 23, 2019

RECORD HIGH: SENSEX 40000 AND NIFTY 12000

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Benchmark indices gave a big salute to  Narendra modi victory  i.e gained over 1,300 points from its intraday high as investors booked profits at higher levels that saw Sensex and Nifty hitting 40,000 and 12,000 levels, respectively, over optimism surrounding the National Democratic Alliance (NDA's) likely return to power after the 2019 Lok Sabha election.Sectorally, all the indices on NSE, except Nifty Media and Realty, settled lower at the day's end, with Nifty FMCG bleeding the most 1.7 per cent, followed by Nifty Metal 1.48 per cent. The Nifty Bank index, which hit 31,000-level earlier in the day, dipped 118 points to 30,409 levels.
BUZZING STOCKSIndusInd Bank shares surged 8 per cent to Rs 1,640 in early trade on Thursday on the BSE before ending the day 5 per cent higher on expectation that the bank would return to normalcy in terms of earnings momentum after the entire exposure to IL&FS was classified as non-performing asset (NPA) in the fourth quarter of fiscal 2018-19. Shares of Adani Group companies surged up to 14 per cent intra-day on the BSE on Thursday as trends showed the Narendra Modi-led National Democratic Alliance (NDA) leading the vote counts for the 2019 Lok Sabha election. Bank of Baroda rallies 10% after cutting losses in Q4 Stocks in the news: BoB, HDFC Bank, Thermax, Biocon, Cummins, Bodal Chemicals, GSFC PRIDX sells Dish TV shares worth Rs 35 crore, Nomura Singapore buys stake in Vikas Multicorp

Wednesday, May 22, 2019

MARKET SUMMARY OF 22 MAY 2019


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Benchmark indices ended Wednesday's session with minor gains amid volatile trade as investors turned cautious on the eve of the Lok Sabha 2019 election outcome. After hitting an intra-day high of 39,249.08, Sensex finally settled 140 points, or 0.36 per cent higher at 39,110 while Nifty50 ended the day at 11,738, up 29 points or 0.25 per cent.

India  IndusInd, Sun Pharma, Bajaj Auto, Bharti Airtel, and Coal India were the BSE's top gainers. Out of the 30 constituents, 25 ended in the green. The market breadth remained in favour of buyers. About 969 stocks advanced and 770 shares declined on the NSE.BUZZING STOCKS Dewan Housing Finance Corporation (DHFL) plunged as much as 18 per cent to Rs 107 in the early trade on Wednesday on the BSE after the non-banking finance company (NBFC) stopped accepting fresh public deposits and renewals of existing deposits. The stock, however, pared some losses to end the day 12 points, or 9.4 per cent lower, at Rs 117.65.Shares of Jet Airways (India) rallied 5 per cent to Rs 158.55 apiece on the BSE on Wednesday on the back of heavy volumes being traded on the hopes of the airline's revivial. The share has surged 32 per cent so far in this week. Larsen & Toubro scales new high, up 12% in a week; m-cap touches Rs 2.07 tn DHFL tanks 18% as company stops fresh deposits, premature withdrawals Jet Airways surges 32% in three days on revival hopesJindal Steel slips 12% on disappointing March quarter results