21st Feb 2019 | 10:00 AM IST

Share Market News: Today’s Nifty & Sensex Updates

Share Market News 21st-February-2019

Sensex, Nifty End Higher For Second Day; PSU banks rally

Indian Equity Benchmark indices started on a Flat note, Most Asian markets were steady after US Federal Reserve minutes affirmed it would be "patient" on interest rate rises. The Sensex was up 7.59 points at 35763.85, while Nifty was down 5.30 points at 10730.20. Among sector compiled by NSE advanced, led by the Nifty PSU Bank Index’s 0.96 percent advance. While, the Nifty IT Index was the top sectoral loser, down 0.59 percent. Shares of many PSU banks surged today after the government announced ₹48,000 crore more fund infusion in FY19 in 12 banks as part of a bank recapitalization plan.

In the afternoon session, share market Indices was trading higher. The Sensex was up by 119.08 points or 0.33% at 35875.34, and the Nifty Grew by 33.65 points or 0.31% at 10769.10. Among sector metal, media & energy were trading in the green, While Auto, infra were in red. In a Broder Market, NSE mid-cap was up by 0.41% and smallcap indices were trading higher by 0.64%, respectively.

In the last hour of trade, Indian equity benchmarks Indices was trading at day’s high, Nifty was trading around 10780 Mark. Indian equity benchmarks Indices closed on a positive note, Nifty closed around 10,800 level. The Sensex was up 142.09 points at 35898.35, while Nifty was up 54.40 points at 10789.90. Except IT, all the sectoral indices ended in green led by pharma, metal and PSU banking. In the broader Market, the NSE MidCap Index was up by 1.08 percent and the NSE SmallCap Index grew by 1.44 percent. Markets are currently dancing to the global tunes and we feel it may continue for some time, in absence of any major event on the local front keeping a close eye on global developments will be important going forward.

Top Gainers

IBULHSGFIN by 6.32% to Rs 685.95. ,BAJAJFINSV by 3.21% to Rs 6,191.05, TATAMOTORS by 3.16% to Rs 170.00,DRREDDY by 3.12% to Rs 2,604.05., VEDL by 2.59% to Rs 164.40.

Top Losers

INFRATEL By -1.87% to Rs 312.25, YESBANK by -1.08% to Rs 215.50, INFY by -0.90% to Rs 734.00, NTPC by -0.58% to Rs 136.40.,COALINDIA by -0.54% to Rs.213.80.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session, Japanese SoftBank has invested Rs 2,800 crore in the UK-based OakNorth Bank, in which IndiabullsNSE 10.75 % Housing Finance has a controlling stake.

INFRATEL is the top loser in today's market, Company is witnessing profit booking from higher levels.

Key Market News

  • The government had approved the disbursal of a recapitalization package of ₹48,239 crore for 12 public sector banks, Financial Services Secretary Rajiv Kumar announced on Wednesday.
  • The Finance Ministry is expecting bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal, With two major cases at the final stage of resolution. So far, banks had recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).
  • Retirement fund body EPFO may announce an interest rate of 8.55 percent on PF deposits for 2018-19, same as provided in 2017-18, to its 6 crore subscribers.
  • The Goods and Services Tax Council decided to keep a hold on adjusting tax rates on the real estate sector as several States.
  • Germany Manufacturing Purchasing Managers Index (PMI) reported 47.6.
  • Foreign portfolio investors (FPIs) bought Rs 713 crore worth of domestic stocks on Wednesday, DIIs were net buyers to the tune of Rs 113 crore.

Stocks To Watch

M&MFIN is on the upside while YESBANK is on the downside.

M&MFIN is currently quoting at Rs.395.60 up by Rs 13.25 or 3.47% from its previous closing of Rs.382.35 on the NSE. The scrip opened at Rs.385.00 & has touched a high & low of Rs.395.90 and Rs. 378.85 respectively. So far 18,07,003(NSE) shares were traded on the counter. The current market cap of the company is Rs 24,444.96Cr. The NSE/BSE group stock has touched a 52 week high of Rs.543.00 on 30-APR-2018 & a 52 week low of Rs. 342.65 on 05-OCT-2018.

YESBANK is currently quoting at Rs. 215.50 down by Rs.-2.35 or -1.08% from its previous closing of Rs.217.85 on the NSE. The scrip opened at Rs.218.85 & has touched a high & low of Rs.218.85 and Rs.214.00 respectively. So far 2,79,75,632(NSE) shares were traded on the counter. The current market cap of the company is Rs 49,726.40cr. The BSE/NSE group stock has touched a 52 week high of Rs 404.00 on 20-AUG-2018 & a 52 week low of Rs 146.75 on 29 -NOV-2018.

Share Market News 20th-February-2019

Sensex Take a Leap of 400 Points, Snaps 9-day Losing Run

Indian Equity Benchmark indices started on a positive note, The real estate companies were in focus as the GST Council will meet later today, with the rationalization of rates of Goods and Services Tax (GST) on real estate and lottery on the agenda, The Nifty Realty index was up around 1%. the Sensex was up 196.95 points at 35549.56, while Nifty grew by 63.50 points at 10,667.90. All the sectoral indices were trading in green led by realty, energy, metal, infra, pharma, and FMCG. The market breadth was inclining in favor of buyers. The Indian rupee opened marginally higher at 71.29 per dollar versus Monday's close 71.34.

In the afternoon session, Indian equity benchmarks Indices was trading higher. The Sensex was up by 220.34 points or 0.62% at 35572.95, and the Nifty Grew by 68.70 points or 0.65% at 10673.05. Among sector, all were trading in green led by Metal, Infra, IT & PSU bank. Shares of the PSU bank rallied in today’s trade as the government can infuse up to Rs 47,000 crore capital in 12 state-run banks. In a Broder Market, NSE mid-cap was up by 0.46% and smallcap indices were trading higher by 0.58%, respectively.

In the last hour of trade, Nifty was trading around 10660 Mark. Indian shares rebounded, ending a nine-day losing run. The Sensex was up 403.65 points at 35756.26, while Nifty was up 131.10 points at 10735.50All the sectoral indices ended in green led by metal, IT, energy, infra, bank, pharma and auto stocks. In the broader Market, the NSE MidCap Index was up by 1.03 percent and the NSE SmallCap Index grew by 1.06 percent. We expect the market to take cues from global developments in absence of any key domestic triggers in the near term. The outcome of US-China trade talks, the release of the Federal Open Market Committee (FOMC) meeting minutes as well as progress on Brexit deal will give further direction to the market. Strong inflows from DIIs, appreciation of the rupee and value buying in midcaps and small-caps helped the domestic market.

Top Gainers

IBULHSGFIN by 6.14% to Rs 652.00. ,TATASTEEL by 4.83% to Rs 493.70, VEDL by 4.64% to Rs 160.20,ADANIPORTS by 4.43% to Rs 354.60., HINDALCO by 3.94% to Rs 193.90.

Top Losers

DRREDDY By -0.35% to Rs 2,528.00, HEROMOTOCO by -0.30% to Rs 2,629.00, HINDUNILVR by -0.11% to Rs 1,736.00, ZEEL by -0.10% to Rs 446.00.,INDUSINDBK by -0.08% to Rs.1,479.25.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session, The company witnessed the good buying interest in today's market trade, Stock up by 6.14%.

DRREDDY is the top loser in today's market, The U.S. Supreme Court Chief Justice John Roberts has rejected the Indivior’s bid to protect Suboxone film, the company’s treatment for opioid addiction. The court also refused to block Dr. Reddy’s Laboratories and others from selling generic versions of Suboxone film.

Key Market News

  • Ministry of Finance data showed Japan’s exports fell 8.4 percent in the year to January, versus a 5.5 percent annual drop expected by economists.
  • The government has approved National Electronic Policy 2019 with various incentives to promote domestic manufacturing of electronics goods and achieve a turnover of US$400 billion by 2025.
  • The WTO's quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010 and down from 98.6 in November. A reading below 100 that indicate below-trend growth in trade.
  • The NBFC is facing the headwind from last September, As per the data, corporate bond issuances by them have risen by 30 percent in January, reflecting renewed confidence among both issuers as well as investors.
  • Foreign portfolio investors (FPIs) sold Rs 814 crore worth of domestic stocks on Tuesday, DIIs were net buyers to the tune of Rs 1,164 crore.
  • China’s central bank had announced that it will implement 1-year central bank bill swaps worth 1.5 billion yuan ($222.02 million) to improve the liquidity of banks’ perpetual bonds, and support issuance of the bonds to replenish capital.

Stocks To Watch

ESCORT is on the upside while TVS MOTORS is on the downside.

ESCORT is currently quoting at Rs.658.85 up by Rs 21.70 or 3.41% from its previous closing of Rs.637.15 on the NSE. The scrip opened at Rs.641.00 & has touched a high & low of Rs.662.00 and Rs. 640.15 respectively. So far 21,72,700(NSE) shares were traded on the counter. The current market cap of the company is Rs 8,060.04 Cr. The NSE/BSE group stock has touched a 52 week high of Rs.1,017.70 on 02-MAY-2018 & a 52 week low of Rs. 541.00 on 08-OCT-2018.

TVS MOTOR is currently quoting at Rs. 466.00 down by Rs.-7.05 or -1.49% from its previous closing of Rs.473.05 on the NSE. The scrip opened at Rs.475.40 & has touched a high & low of Rs.479.65 and Rs.464.25 respectively. So far 10,29,510(NSE) shares were traded on the counter. The current market cap of the company is Rs 22,181.82cr. The BSE/NSE group stock has touched a 52 week high of Rs 689.95 on 17-APR-2018 & a 52 week low of Rs 464.25 on 20 -FEB-2019.

Share Market News 19th-February-2019

Sensex extends fall to ninth day; IT stocks drag

Indian Equity Benchmark indices started on a flat note, with Nifty hovering around 10,650 marks, A new round of talks between the United States and China to resolve their trade war would take place in Washington, starting today, with follow-up sessions at a higher level later in the week, the White House. The Sensex was up 51.90 points at 35550.34, while Nifty was up 15.40 points at 10656.40. Among sector compiled by NSE advanced, led by the Nifty Realty Index’s 1.9 percent rally. While, the NSE Nifty IT Index was the top sectoral loser, down 0.28 percent.

In the afternoon session, Indian equity benchmarks Indices was trading higher. The Sensex was up by 148.73 points or 0.42% at 35647.17, and the Nifty declined by 37.15 points or 0.35% at 10678.10. Among sector reality, media, metal was trading higher, While Pharma, IT was trading in the red. In a Broder Market, NSE mid-cap was up by 0.65% and smallcap indices were trading higher by 0.45%, respectively.

In the last hour of trade, Nifty was trading around 10680 Mark. During the last hour of trading, Bears drag the market lower to close just above 10600. the Sensex was down 145.83 points at 35352.61, while Nifty was down 36.60 points at 10604.40. Among the sector compiled by NSE fell, led by the Nifty Realty Index’s 1.7 percent gain. While, the Nifty IT Index was the top sectoral loser, down 2.08 percent. In the broader Market, the NSE MidCap Index was up by 0.43 percent and the NSE SmallCap Index grew by 0.26 percent.

Top Gainers

VEDL by 3.34% to Rs 152.95. ,GRASIM by 3.02% to Rs 721.00, BPCL by 2.75% to Rs 336.75, ZEEL by 2.06% to Rs 448.00., JSWSTEEL by 1.78% to Rs 266.55.

Top Losers

WIPRO By -3.26% to Rs 363.35, TCS by -3.18% to Rs 1,907.60, INDUSINDBK by -2.79% to Rs 1,474.70, ADANIPORTS by -2.49% to Rs 338.65.,NTPC by -2.44% to Rs.134.10.

Analysis Of Top Gainer And Loser

VEDL is the top gainer in today's market session after Vedanta may make another attempt at buying Essar Steel. But this time, it won't be alone but may partner Sajjan Jindal's JSW Steel. The two companies may come together and put in a joint bid of about Rs 47,000 crore, said an industry executive. But the final call is yet to be taken said the executive.

WIPRO is the top loser in today's market, In today’ market the overall IT pack has witnessed a sharp sell-off, Wipro was the top loser dropped almost 4% in today's trade.

Key Market News

  • A new round of talks between the United States and China to resolve their trade war would take place in Washington, starting today, with follow-up sessions at a higher level later in the week, the White House.
  • Chinese Vice Premier Liu He will visit Washington on Thursday and Friday so as to continue trade negotiations with the United States.
  • US oil prices hit a three-month high on Tuesday, led by cuts in production by the Organization of the Petroleum Exporting Countries.
  • The Reserve Bank of India (RBI) has decided to pay ₹28,000 crore as interim dividend to the government, which would help the Centre to meet its revised budget estimates that include an allocation for the first-ever income transfer to farmers and burnish its fiscal credentials ahead of the general elections.
  • The Reserve Bank of India (RBI) will inject Rs 12,500 crore into the system through the purchase of government securities on Thursday to increase the liquidity. The purchase would be made through open market operations (OMOs).
  • The Reserve Bank of India (RBI) will inject Rs 12,500 crore into the system through the purchase of government securities on Thursday to increase the liquidity. The purchase would be made through open market operations (OMOs).
  • Reserve Bank Governor Shaktikanta Das would likely to meet the heads of public and private sector banks this week to discuss the transmission of an interest rate cut to borrowers.

Stocks To Watch

ICICIBANK is on the upside while YESBANK is on the downside.

ICICIBANK is currently quoting at Rs.342.70 up by Rs 3.95 or 1.17% from its previous closing of Rs.338.75 on the NSE. The scrip opened at Rs.339.10 & has touched a high & low of Rs.350.40 and Rs. 339.10 respectively. So far 1,43,84,763(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,21,221.28 Cr. The NSE/BSE group stock has touched a 52 week high of Rs.383.55 on 09-JAN-2019 & a 52 week low of Rs. 256.50 on 16-JUL-2018.

YESBANK is currently quoting at Rs. 213.50 down by Rs.-0.05 or -0.02% from its previous closing of Rs.213.55 on the NSE. The scrip opened at Rs.215.10 & has touched a high & low of Rs.218.10 and Rs.211.55 respectively. So far 3,39,90,276(NSE) shares were traded on the counter. The current market cap of the company is Rs 49,136.62cr. The BSE/NSE group stock has touched a 52 week high of Rs 404.00 on 20-AUG-2018 & a 52 week low of Rs 146.75 on 29 -NOV-2018.

Share Market News 18th-February-2019

Markets Struggle Sustain Despite Positive Global Cues

Indian Equity Benchmark indices started on a flat note, with Nifty holding above 10,700 marks, despite positive global cues. Most Asian markets are firm today on hopes of progress in China-US trade talks. The Sensex was up 38.58 points at 35847.53, while Nifty was up 6.60 points at 10731. Among sector compiled by NSE advanced, led by the Nifty Pharma Index’s 0.75 percent gain. While, the NSE Nifty Auto Index was the top sectoral loser, down 0.56 percent. The market breadth was inclining in favor of the seller. The Indian rupee was trading lower by 18 paise at 71.40 per dollar versus Friday's close 71.22.

In the afternoon session, Indian equity benchmarks Indices extended losses to trade at day’s low. The Sensex was down by 246.52 points or 0.69% at 35562.43, and the Nifty declined by 77.75 points or 0.72% at 10646.65. Among sector reality, media was trading higher, While energy, IT, FMCG, & auto was trading in the red. In a Broder Market, NSE mid-cap was down by 0.51% and smallcap indices were trading lower by 0.58%, respectively.

In the last hour of trade, Indian equity benchmarks Indices continued to trade lower, Nifty was hovering around 10660 Mark. Benchmark indices ended near the day's low with Nifty below 10,650 level. the Sensex was down 310.51 points at 35498.44, while Nifty was down 83.40 points at 10641. Among the sectors compiled by NSE ended lower, led by the Nifty PSU Bank Index’s 1.25 percent fall. While, the NSE Nifty Realty Index was the top sectoral gainer, up 0.76 percent. In the broader Market, the NSE MidCap Index was down by 0.93 percent and the NSE SmallCap Index declined by 0.98 percent. Nifty is showing signs of decoupling with the US market. Almost all Asian markets were up today and the US too was up on Friday, but still Nifty slipped deep in the red. the recent profit-taking phase in private banking counters and IT majors, which were holding the benchmark index, are added negatives.

Top Gainers

INFRATEL by 3.13% to Rs 316.50. ,ONGC by 1.59% to Rs 137.15, ZEEL by 1.51% to Rs 437.85, TATAMOTORS by 0.90% to Rs 163.10., AXISBANK by 0.84% to Rs 692.40.

Top Losers

IBULHSGFIN By -3.50% to Rs 617.00, TCS by -2.96% to Rs 1,969.60, RELIANCE by -2.31% to Rs 1,215.65, BAJAJFINSV by -2.31% to Rs 5,886.00.,YESBANK by -2.28% to Rs.214.00.

Analysis Of Top Gainer And Loser

INFRATEL is the top gainer in today's market session after The company’s arm Bharti Airtel is looking at insourcing to manage its technology operations as a contract with IBM is up for renewal, close to the development.

IBULHSGFIN is the top loser in today's market, The company has witnessed selling pressure in today’s market trade, the Share price dropped 3.50% at 617.00.

Key Market News

  • India's merchandise trade deficit has been widened to $14.73 billion in January after hitting a 10-month low of $13.08 billion in December, data released by Commerce Ministry showed. Merchandise exports grew by 3.74 percent on the year at $26.36 billion, mainly due to growth in textiles, drugs, and pharmaceuticals as well as organic and inorganic chemicals.
  • The Reserve Bank of India (RBI) Friday had withdrawn the 20 percent limit on investments by FPIs in the corporate bonds of an entity with a view to encouraging more foreign investments.
  • The country's foreign exchange reserves had been declined by $2.119 billion to $398.122 billion in this week to February 8, due to fall in foreign currency assets.
  • Finance Minister Arun Jaitley has scheduled to address the post-budget meeting of the central board of the Reserve Bank on February 18. The meeting will take a call on the interim dividend need to be paid to the government during the current fiscal.
  • The government's disinvestment proceeds have been touched to Rs 53,558 crore so far in the current fiscal, against the full year budget target of Rs 80,000 crore. Last week, RS 10,000 crore had come in from Bharat-22 ETF and, another Rs 5,379 crore from the sale of Specified Undertaking of Unit Trust of India (SUUTI) stake in Axis Bank.

Stocks To Watch

OBEROIRLTY is on the upside while KEI is on the downside.

OBEROIRLTY is currently quoting at Rs.488.60 up by Rs 20.65 or 4.41% from its previous closing of Rs.467.95 on the NSE. The scrip opened at Rs.469.95 & has touched a high & low of Rs.496.70 and Rs. 469.00 respectively. So far 8,13,729(NSE) shares were traded on the counter. The current market cap of the company is Rs 17,681.98Cr. The NSE/BSE group stock has touched a 52 week high of Rs.610.00 on 24-APR-2018 & a 52 week low of Rs. 351.35 on 05-OCT-2018.

KEI is currently quoting at Rs. 312.20 down by Rs.-15.55 or -4.74% from its previous closing of Rs.327.75 on the NSE. The scrip opened at Rs.327.00 & has touched a high & low of Rs.331.95 and Rs.311.00 respectively. So far 92,819,(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,456.55cr. The BSE/NSE group stock has touched a 52 week high of Rs 496.00 on 30-MAY-2018 & a 52 week low of Rs 248.00 on 23 -OCT-2018.

Share Market News 14-February-2019

Sensex drops for the sixth day, Nifty below 10,750; Yes Bank soars 30%

Indian Equity Benchmark indices are trading lower, with Nifty hovering around 10,750 level. YesBank shares surged almost like 29 % after the lender said RBI has not found any divergence in the asset classification and provisioning done during 2017-18. the Sensex was down 52.52 points at 35981.59, while Nifty declined by 26.20 points at 10767.50. Among sector compiled by NSE fell, led by the Nifty Metal Index’s 0.98 percent decline. While, the Nifty FMCG Index was the top sectoral gainer, up 0.24 percent. The market breadth was inclining in favor of the seller.

In the afternoon session, Indian markets were trading lower. The Sensex was down by 136.28 points or 0.38% at 35897.83, and the Nifty declined by 53.45 points or 0.50% at 10740.20. Among sector Auto, Media & FMCG was trading higher, While energy, Infra, IT was trading in the red. In a Broder Market, NSE mid-cap was down by 0.18% and smallcap indices were trading lower by 0.33%, respectively.

In the last hour of trade, Nifty was trading at around 10760 Mark. Benchmark indices continued their downtrend momentum with Nifty finished below 10,750 level.. the Sensex was down 157.89 points at 35876.22, while Nifty was down 47.70 points at 10746. Among the sectors compiled by NSE decline, led by Nifty IT Index was the top sectoral loser, down 1.1 percent. While Nifty Media Index's 3.9 percent rally the. In the broader Market, the NSE MidCap Index was up by 0.61 percent and the NSE SmallCap Index grew by 0.66 percent. The market extended losses despite positive global market, as investors continued to give more focus on domestic cues while assessing global developments. Moderation in WPI to 2.76% in January provides an insight about the slowdown in the economy and earnings growth. Mid and smallcap rebounded after many days of correction, however, investors are yet to find stability in the market in expectation of election outcome, Global markets are holding firm these days, taking solace from recent updates on trade talks between the US and China. However, foreign fund outflows, weak rupee and not so encouraging earnings are dampening sentiment.

Top Gainers

YESBANK by 31.31% to Rs 222.50. , IBULHSGFIN by 6.74% to Rs 660.60, ZEEL by 6.55% to Rs 434.95, JSWSTEEL by 3.71% to Rs 281.025., TATAMOTORS by 2.77% to Rs 159.30.

Top Losers

IOC By -3.89% to Rs 124.85, BPCL by -3.48% to Rs 318.00, HINDALCO by -3.10% to Rs 192.05, BHARTIARTL by -2.79% to Rs 301.90.,GAIL by -2.36% to Rs.308.05.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market session after the Reserve Bank of India observed “no asset quality divergence" in 2017-18. Yes, Bank revealed a risk assessment report from the RBI for 2017-18, which met its norms and had zero divergences in its asset classification and provisioning.

IOC is the top loser in today's market, Shares of oil marketing companies extended their fall as Brent crude continued to gain for the third consecutive day.

Key Market News

  • The mutual fund (MF) industry’s bid to optimize yields on debt portfolios have led them to load up on exposure to the infrastructure space.
  • The government on Wednesday hiked the minimum support price for raw jute to Rs 3,950 per quintal for 2019-20 season from Rs 3,700 per quintal in the previous season. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs here, Union Minister Piyush Goyal said.
  • Both bank credit, as well as deposits growth marginally, declined on a fortnightly basis, clipping at 14.5 percent at Rs 94.29 lakh crore deposits grew at a tepid 9.63 percent to Rs 121.22 lakh crore for the fortnight ending February 1, according to the latest RBI data.
  • US President Donald Trump said on Wednesday trade talks with China were “going along very wellâ€� as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal.
  • Japan Gross Domestic Product (GDP) QoQ at 0.3%
  • U.S. Core Consumer Price Index (CPI) MoM at 0.2%

Stocks To Watch

KAJARIACER is on the upside while INFY is on the downside.

KAJARIACER is currently quoting at Rs.519.90 up by Rs 9.30 or 1.82% from its previous closing of Rs.510.60 on the NSE. The scrip opened at Rs.508.00 & has touched a high & low of Rs.519.90 and Rs. 503.25 respectively. So far 2,78,647(NSE) shares were traded on the counter. The current market cap of the company is Rs 8,280.52Cr. The NSE/BSE group stock has touched a 52 week high of Rs.619.90 on 14-FEB-2018 & a 52 week low of Rs. 310.00 on 25-OCT-2018.

INFY is currently quoting at Rs. 740.35 down by Rs.-14.55 or -1.93% from its previous closing of Rs.754.90 on the NSE. The scrip opened at Rs.751.00 & has touched a high & low of Rs.753.00 and Rs.737.25 respectively. So far 46,10,535,(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,23,192.90cr. The BSE/NSE group stock has touched a 52 week high of Rs 772.25 on 08-FEB-2019 & a 52 week low of Rs 545.10 on 14 -FEB-2018.

Share Market News 13-February-2019

Markets Clock A Longest Losing Streak Of Last Five Months, Sensex slips 119 pts

Indian Equity Benchmark indices started on a positive note with Nifty trading above 10,850 marks. Retail inflation softens to a 19-month low of 2.05% in January. The Sensex was up 199.06 points at 36352.68, while Nifty grew by 58.60 points at 10890. Among sector compiled by NSE advanced, led by the Nifty FMCG Index’s 1.23 percent gain. On the While, the Nifty Media Index was the top sectoral loser, down 0.35 percent. The market breadth was inclining in favor of buyers. Asian stocks have edged up to a more than four-month high today, lifted by the optimism that the US and China could be able to hammer out a deal to resolve their nearly year-long trade dispute.

In the afternoon session, Indian markets were trading flat, Shares of the oil marketing companies fall as Brent crude extended gains for the second day. The Sensex was up by 96.29 points or 0.27% at 36249.91, and the Nifty declined by 24.65 points or 0.23% at 10856.05. Among sector Reality, FMCG was trading higher, While media, auto was trading in the red. In a Broder Market, NSE mid-cap was up by 0.47% and smallcap indices were trading lower by 0.09%, respectively.

In the last hour of trade, Indian markets were trading at day’s low, Nifty was at around 10840 Mark. Indian equity Benchmark indices witnessed a sell-off in the last 45 Min in today’s trade. The Sensex was down 119.51 points at 36034.11, while Nifty was down 37.70 points at 10793.70. Among the sectors compiled by NSE fell, led by the Nifty PSU Bank Index’s 2.1 percent decline. While, the NSE Nifty IT Index was the top sectoral gainer, up 0.65 percent. In the broader Market, the NSE MidCap Index was down by 0.33percent and the NSE SmallCap Index declined by 0.85 percent. We continue to maintain a cautious stance in the near term with lack of any major positive triggers and uncertain global cues. On the domestic front, investors would focus on the last leg of Q3FY19 earnings season and WPI data. Further, investors would keep an eye on the progress of trade talks between US-China, the behavior of crude oil prices and fluctuation in currency. We advise investors to focus on fundamentally sound companies with strong financials and healthy prospects.

Top Gainers

ADANIPORTS by 4.82% to Rs 342.55. , IBULHSGFIN by 3.61% to Rs 620.50, UPL by 2.30% to Rs 814.50, TATAMOTORS by 2.21% to Rs 155.15., HCLTECH by 0.96% to Rs 1,069.00.

Top Losers

EICHERMOT By -4.82% to Rs 20,118.10, IOC by -3.90% to Rs 129.50, HINDPETRO by -3.87% to Rs 225.00, BPCL by -3.09% to Rs 328.80., SBIN by -3.05% to Rs.267.00.

Analysis Of Top Gainer And Loser

ADANIPORTS is the top gainer in today's market session we have witnessed a good buying in the Adani group stock.

EICHERMOT is the top loser in today's market, the company witnesses a selling pressure, surged nearly 5% in a day.

Key Market News

  • The Securities and Exchange Board of India (Sebi) are planning to tighten risk management practices in equity derivatives and stocks in the runup to the general elections. The market regulator is likely to tighten margin rules for futures and options trades and restrict the introduction of strike prices in options intra-day as it looks to curb wild speculation by traders.
  • India's factory output growth grew 2.4 percent in December after hitting a 17-month low of 0.5 percent in November.
  • Factory output had grown by 7.3 percent in December 2017.
  • Manufacturing sector output, which accounts for more than three-fourths of the entire index, grew 2.7 percent in December from a deceleration of (-) 0.4 percent in November.
  • Electricity production growth stood at 4.4 percent in December from 5.1 percent in November.
  • Mining activity, which accounts for over 14 percent of the entire index, stood at -1 percent as compared with 2.7 percent in November.
  • India's retail inflation declined marginally to 2.05 percent in January due to cheaper food items and fuel prices.
  • RBI slaps penalties on 7 banks for violation of various banking norms, including Allahabad Bank, Bank of Maharashtra, HDFC and Kotak Mahindra Bank.
  • Foreign portfolio investors (FPIs) sold Rs 467 crore worth of domestic stocks on Tuesday, data available with NSE suggested. DIIs were net sellers to the tune of Rs 123 crore, data suggested.

Stocks To Watch

UPL is on the upside while VIPIND is on the downside.

UPL is currently quoting at Rs.814.50 up by Rs 18.30 or 2.30% from its previous closing of Rs.796.20 on the NSE. The scrip opened at Rs.794.00 & has touched a high & low of Rs.824.00 and Rs.792.35 respectively. So far 30,34,355(NSE) shares were traded on the counter. The current market cap of the company is Rs 41,623.48Cr. The NSE/BSE group stock has touched a 52 week high of Rs.824.00 on 13-FEB-2019 & a 52 week low of Rs. 537.25 on 19-JUL-2018.

VIPIND is currently quoting at Rs. 422.25 down by Rs.-21.65 or -4.88% from its previous closing of Rs.443.90on the NSE. The scrip opened at Rs.455.00 & has touched a high & low of Rs.455.00 and Rs.420.40 respectively. So far 20,00,379(NSE) shares were traded on the counter. The current market cap of the company is Rs 6,003.87cr. The BSE/NSE group stock has touched a 52 week high of Rs 647.00 on 28-AUG-2018 & a 52 week low of Rs 287.10 on 19-MAR-2018.

Share Market News 12-February-2019

Sensex drops for the 4th day in a row, ahead of inflation data

Indian Equity Benchmark indices started the week marginally lower, the Nifty was trading below 10,900. IT stocks were under pressure today, with TCS and Infosys down about 2%. The Sensex was down 47.42 points or 0.13% at 36347.61, and the Nifty down 13.70 points or 0.13% at 10875.10. Among sector compiled by NSE advanced, led by the Nifty Media Index 1.09 percent rally. While, the Nifty IT Index was the top sectoral loser, down 0.7 percent. Most Asian shares were subdued today, As the focus shifted on the new round of China-US trade talks. Beijing and Washington are trying to hammer out a deal before a March 1 deadline, without which US tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25% from 10%.

In the afternoon session, Indian markets were trading Mixed, The Sensex was down by 16.75 points or 0.05% at 36378.28, and the Nifty declined by 4.50 points or 0.04% at 10884.30. Among sector Media, energy was trading higher, While IT was trading in the red. In a Broder Market, NSE mid-cap was up by 0.09% and smallcap indices were trading lower by 0.27%, respectively.464 companies to report Q3 numbers today.

In the last hour of trade, Indian markets were trading at day’s low, Nifty was at around 10840 Mark. Indian equity Benchmark indices ended lower. the Sensex was down 241.41 points or 0.66% at 36153.62, and the Nifty down 57.40 points or 0.53% at 10831.40. Among the sectors compiled by NSE fell, led by the Nifty PSU Bank Index’s 1.6 percent decline. While, the Nifty Media Index was the top sectoral gainer, up 1.33 percent. In the broader Market, the NSE MidCap Index was up by 0.05percent and the NSE SmallCap Index declined by 0.33 percent. Lack of positive triggers is impacting the sentiment of the domestic equity market. India is underperforming in spite of the improvement in the global market and appreciation in the rupee. Inflows have reduced this month due to muted Q3 results and outcome of the general election. The expectation is that market momentum will reverse as economy stabilize post-election and borrowing cost reduce, Investors took a cautious approach ahead of the industrial production (IIP) data for December and inflation numbers for January to be released in the post market hours. This data will dictate the market in tomorrow’s trading session.

Top Gainers

ZEEL by 4.06% to Rs 418.00. , JSWSTEEL by 3.98% to Rs 272.00, SUNPHARMA by 3.24% to Rs 442.45, NTPC by 2.22% to Rs 133.25., COALINDIA by 1.97% to Rs 223.10.

Top Losers

INFRATEL By -3.34% to Rs 312.70, HEROMOTOCO by -3.01% to Rs 2,802.00, HDFC by -2.24% to Rs 1,904.50, SBIN by -1.93% to Rs 275.10., ICICIBANK by -1.73% to Rs.344.00.

Analysis Of Top Gainer And Loser

ZEEL is the top gainer in today's market the company said its promoters are open to sell over 50 percent of their holdings as a part of their asset monetization to repay debt.

INFRATEL is the top loser in today's market, Moodys Investor Service downgraded Bharti Airtel Ltd

Key Market News

  • Foreign portfolio investors (FPIs) sold Rs 125 crore worth of domestic stocks on Monday, DIIs were net sellers to the tune of Rs 233 crore.
  • To check excessive price movements, capital markets regulator Sebi Monday proposed a slew of measures including capping the maximum daily movement of up to 20 percent for all stocks including that are part of the future and options (F&O) segment. There have been concerns that investors' wealth is getting wiped out in a single day by recent falls in stocks on which derivative products are available, as no price band is applicable to them.
  • Leading stock exchange NSE Monday launched weekly options on the Nifty 50 Index, which will provide market participants an additional hedging tool to manage portfolio risk more effectively.
  • Retirement fund body EPFO is likely to retain the interest rate on employees' provident fund at 8.55 percent rate for the 2018-19 fiscal for its more than six crore subscribers
  • The Centre is seeking to raise around 5,316 crores by selling its 3% stake, owned through the Specified Undertaking of the Unit Trust of India (SUUTI), in private sector lender Axis Bank. The stake sale is aimed at helping North Block meet its budgeted disinvestment target.

Stocks To Watch

SUNPHARMA is on the upside while BEML is on the downside.

SUNPHARMA is currently quoting at Rs.442.45 up by Rs 13.90 or 3.24% from its previous closing of Rs.428.55 on the NSE. The scrip opened at Rs.427.20 & has touched a high & low of Rs.444.00 and Rs.424.05 respectively. So far 85,59,968(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,04,788.07Cr. The NSE/BSE group stock has touched a 52 week high of Rs.679.30 on 06-SEP-2018 & a 52 week low of Rs. 370.20 on 18-JAN-2019.

BEML is currently quoting at Rs. 763.95 down by Rs.-21.25 or -2.71% from its previous closing of Rs.785.20 on the NSE. The scrip opened at Rs.785.00 & has touched a high & low of Rs.799.85 and Rs.755.30 respectively. So far 20,00,379(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,173.31cr. The BSE/NSE group stock has touched a 52 week high of Rs 1,418.55 on 05-MAR-2018 & a 52 week low of Rs 521.25 on 26-OCT-2018.

Share Market News 11-February-2019

The underperformance of Mid Caps Drags Markets, Sensex, Nifty End Lower

Indian Equity Benchmark indices started the week marginally lower, the Nifty was trading around 10,900. Crude prices fell by around 1 percent on Monday as US drilling activity picked up and as Russia’s biggest oil producer pressured President Vladimir Putin to end the supply cut deal with Middle East-dominated producer club OPEC. sensex was down 53.26 points or 0.15% at 36493.22, while the Nifty declined by 36.90 points or 0.34% at 10906.70. Among sector, the Nifty Auto Index’s 1.2 percent decline. While, the NSE Nifty Media Index was the top sectoral gainer, up 1.16 percent. The Nifty Midcap index was down around 0.20 percent. 312 companies to report Q3 numbers today.

In the afternoon session, Indian markets were trading lower, The Sensex was down by 193.43 points or 0.53% at 36353.05, and the Nifty declined by 73.50 points or 0.67% at 10870.10 Among sector except for media & IT, all sector indices were trading in red led by metal, auto & Pharma. In a Broder Market, NSE mid-cap was down by 1.56% and smallcap indices were trading lower by 1.77%, respectively.

In the last hour of trade, Nifty was trading around 10900 level. Benchmark indices continued to trade under selling pressure for the third consecutive session on Monday.Reliance Industries and ICICI Bank dragged the nifty lower.The Sensex fell 151.45 points to 36,395.03 and the Nifty50 plunged 54.80 points to 10,888.80. Among the sectors compiled by NSE fell, led by the Nifty PSU Bank Index's 1.7 percent decline. While, the NSE Nifty Media Index was the top sectoral gainer, up 1.3 percent. In the broader Market, the NSE MidCap Index was down by 1.67 percent and the NSE SmallCap Index declined by 1.80 percent. Selling pressure continued in the market despite a rebound in the global market as investors turned risk-averse due to the upcoming election. Quarter results have not surprised investors while the scope of a downgrade in earnings further dampened sentiment. Global trade deal and risk of a slowdown in growth continue to give caution while investors remain focused on tomorrow's CPI inflation and IIP data to get some direction

Top Gainers

IOC by 2.39% to Rs 137.00. , TATASTEEL by 2.35% to Rs 479.75, CIPLA by 1.68% to Rs 543.20, TATAMOTORS by 1.53% to Rs 153.00., ZEEL by 1.39% to Rs 404.35.

Top Losers

DRREDDY By -5.59% to Rs 2,615.00, M&M by -4.71% to Rs 650.00, ONGC by -4.09% to Rs 138.25, HINDALCO by -3.11% to Rs 199.50, ULTRACEMCO by -2.95% to Rs.3,453.00.

Analysis Of Top Gainer And Loser

IOC is the top gainer in today's market ,State-owned Indian Oil Corp has emerged as the biggest bidder for city gas licenses in the 10th bid round IOC, the country's top oil refiner and fuel marketing company that is looking to diversify into natural gas distribution business big time, bid for licences to retail CNG to automobiles and piped natural gas to households in 35 out of the 50 cities put on offer for the 10th round and another seven in partnership with Adani Gas.

DRREDDY is the top loser in today's market, The drugmaker received a Form 483 with 11 observations from the U.S. FDA after the inspection of Formulations Manufacturing Plant in Hyderabad, Form 483 is used by the drug regulator to document and communicate concerns discovered during plant inspections.

Key Market News

  • India's exports to China has reached $12.7 billion during April-December 2018 on account of growth in shipments of marine products, chemicals, plastics, petroleum products, grapes and rice, the commerce ministry said Friday.
  • Bad loans of public sector banks declined by more than Rs 31,000 crore to Rs 8,64,433 crore in the first nine months of the current fiscal as compared to the end of March 2018, the government said Friday.
  • Foreign investors have infused close to Rs 5,300 crore in the Indian equity markets in the last six trading sessions, mainly on expectations of higher economic growth. This comes following a pullout of Rs 5,264 crore by foreign portfolio investors (FPIs) in January. Prior to that, they had put in Rs 5,884 crore in the stock markets during November-December 2018.
  • SEBI on February 8 issued a new circular related to the physical settlement of stock derivatives. According to the circular, in addition to the existing schedule of stock derivatives, the derivatives on stock meeting the eligibility criteria specified by the regulator will also be physically settled from the new expiry cycle.
  • The country's foreign exchange reserves increased by $2.063 billion to $400.24 billion in the week to February 1, on account of rise in foreign currency assets, according to RBI data.
  • U.K. Gross Domestic Product (GDP) YoY reported 1.3%

Stocks To Watch

MEGHMANI ORGANICS is on the upside while NOCIL is on the downside.

MEGHMANI ORGANICS is currently quoting at Rs.54.80 up by Rs 6.40 or 13.22% from its previous closing of Rs.48.40 on the NSE. The scrip opened at Rs.48.95 & has touched a high & low of Rs.57.20 and Rs.47.30 respectively. So far 47,57,743(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,412.72Cr. The NSE/BSE group stock has touched a 52 week high of Rs.114.35 on 08-MAY-2018 & a 52 week low of Rs. 42.15 on 06-FEB-2019.

NOCIL is currently quoting at Rs. 123.10 down by Rs.-4.55 or -3.56% from its previous closing of Rs.127.65 on the NSE. The scrip opened at Rs.127.00 & has touched a high & low of Rs.128.00 and Rs.121.50 respectively. So far 2,86,106(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,039.74cr. The BSE/NSE group stock has touched a 52 week high of Rs 232.50 on 18-APR-2018 & a 52 week low of Rs 121.50 on 11-FEB-2019.

Share Market News 07-February-2019

RBI rate cut fails to cheer D-Street; Sensex, Nifty end flat.

Indian Equity Benchmark indices started on the Flat note ahead of RBI policy announcement later in the day. The Reserve Bank of India is been likely to change its monetary policy stance to "neutral" from "calibrated tightening", in the first meet under the leadership of Shaktikanta Das, who was appointed last December. the Sensex is up 51.30 points at 37026.53, while Nifty is up 12.70 points at 11075.20.Among sector compiled by NSE advanced, led by the Nifty Pharma 1.3 percent rally. While, the Nifty Realty was the top sectoral loser, down 0.27 percent. 180 companies to report Q3 numbers today

In the afternoon session, Indian markets were trading higher The Sensex grew 106.45 points or 0.29% at 37081.68, and the Nifty up by 28.30 points or 0.26% at 11090.75 Among sector. except for energy, all sector indices were trading in green led by Auto, Pharma. In a Broder Market, the NSE mid-cap & Small-Cao was underperforming the major indices, NSE mid-cap was down by 0.34% and smallcap indices were trading lower by 0.36%, respectively.

In the last hour of trade, Indian equity benchmarks were trading at day’s high with Nifty around 11100 level. India’s Monetary Policy Committee Cuts Rate By 25 Basis Points to 6.25 percent. Indian equity Benchmark indices ended flat, The Sensex was down 4.14 points at 36971.09, while Nifty was up 6.90 points at 11069.40. Among the sectors, auto, FMCG, IT and pharma index were in green, while energy and infra index remains weak. In the broader Market, the NSE MidCap Index was up by 0.74 percent and the NSE SmallCap Index grew by 0.71 percent. The 25 bps cut in policy rates is a welcome move and in line with industry expectations as well as with central banks in advanced economies. Resulting lower cost of funds would help the NBFC sector to recover faster and its positive effects would trickle down to the larger sections of the economy namely real estate and MSMEs. NBFCs would also benefit from RBI’s decision to link bank risk weights on NBFC exposures to the rating of such instruments.

Top Gainers

ZEEL by 4.56% to Rs 405.70. , SUNPHARMA by 4.13% to Rs 433.80, EICHERMOT by 3.56% to Rs 21,855.00, BAJAJ-AUTO by 3.01% to Rs 2,853.65., GRASIM by 2.86 to Rs 754.50.

Top Losers

JSWSTEEL By -2.35% to Rs 272.75, RELIANCE by -1.70% to Rs 1,288.00, LT by -1.46% to Rs 1,295.15, POWERGRID by -1.18% to Rs 184.60, HDFC by -1.13% to Rs.1,965.50.

Analysis Of Top Gainer And Loser

ZEEL is the top gainer in today's market after the company said its promoters are open to sell over 50 percent of their holdings as a part of their asset monetization to repay debt.

JSWSTEEL is the top loser in today's market, a day after it reported a 10 percent year-on-year (YoY) drop in consolidated profit to Rs 1,603 crore for the December quarter. Revenue from operations rose 11 YoY to Rs 20,318 crore, while the operating Ebitda rose 17 percent YoY to Rs 4,501 crore, the company said in a BSE filing. Global brokerage CLSA expects a sharp fall in the fourth quarter margin and had maintained a 'Sell' call on the stock with a target price of Rs 225.

Key Market News

  • India’s Monetary Policy Committee Cuts Rate By 25 Basis Points to 6.25 percent.
  • India Reverse REPO Rate at 6.00%
  • The Reserve Bank of India has relaxed regulations on the bank exposures to NBFCs in order to facilitate the flow of credit to well-rated firms, according to its statement. Risk-weights of bank exposure to NBFCs will now be in-line with the ratings assigned by credit rating agencies. This will not be applicable to NBFC-Core Investment Companies, risk-weight exposures to CICs will remain at 100 percent.
  • India’s central has bank proposed rationalization of Interest Rate Derivative so as to encourage better management of interest rate risks, it said in a statement.
  • Federal Reserve Chairman Jerome Powell said on Wednesday the US economy remains in a good place and has proved resilient so far to shocks like the British decision to leave the European Union.
  • The Union Cabinet on Wednesday approved proposals to amend the Banning of Unregulated Deposit Schemes Bill, 2018. This will further strengthen the Bill in its objective to effectively tackle the menace of illicit deposit-taking activities, and prevent such schemes from duping the poor, Law Minister Ravi Shankar Prasad said.

Stocks To Watch

GRASIM is on the upside while JSWSTEEL is on the downside.

GRASIM is currently quoting at Rs.754.50 up by Rs 21.00 or 2.86% from its previous closing of Rs.733.50 on the NSE. The scrip opened at Rs.738.05 & has touched a high & low of Rs.756.80 and Rs.730.90 respectively. So far 28,48,786(NSE) shares were traded on the counter. The current market cap of the company is Rs 49,529.78Cr. The NSE/BSE group stock has touched a 52 week high of Rs.1,201.65 on 27-FEB-2018 & a 52 week low of Rs. 698.00 on 05-FEB-2018.

JSWSTEEL is currently quoting at Rs. 272.75 down by Rs.-6.55 or -2.35% from its previous closing of Rs.279.30 on the NSE. The scrip opened at Rs.278.00 & has touched a high & low of Rs.281.40 and Rs.272.00 respectively. So far 62,52,085(NSE) shares were traded on the counter. The current market cap of the company is Rs 65,953.86cr. The BSE/NSE group stock has touched a 52 week high of Rs 427.55 on 12-SEP-2018 & a 52 week low of Rs 262.20 on 30-JAN-2019.

Share Market News 06-February-2019

Sensex rises for 5th day in a row, Nifty above 11,050

Indian Equity Benchmark indices started on the positive note on Wednesday with Nifty trading above 10,950 level, Tech Mahindra Surges to record High rose as much as 5.8 percent, The stock was the top performer on Nifty as the company’s quarterly profit rose in the three months ended December, led by its communications and enterprise businesses. The Sensex was up 98.30 points at 36715.11, while Nifty grew by 42.60 points at 10977.Among sector compiled by NSE advanced, led by the Nifty Media Index’s 2.4 percent rally. US stocks grew on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump.

In the afternoon session, Indian markets continued to trade higher, Nifty was trading above 11000 Mark. The Sensex grew 206.26 points or 0.56% at 36823.07, and the Nifty up by 66.65 points or 0.61% at 11001.00 Among sector Media, IT, Metal was trading higher, While reality, Infra, pharma was trading in the red. In a Broder Market, the NSE mid-cap & Small-Cao was underperforming the major indices, NSE mid-cap was down by 0.34% and smallcap indices were trading lower by 0.36%, respectively.

In the last hour of trade, Indian equity benchmarks were trading at day’s high with Nifty around 11050 level. Indian equity Benchmark indices ended higher for the fifth day in a row, The Sensex was up 358.42 points at 36975.23, while Nifty was up 128.10 points at 11,062.50. All the sector ended in green led by metal and IT with 2 percent gain, followed by auto, energy, FMCG, and Pharma. In the broader Market, the NSE MidCap Index was up by 0.06 percent and the NSE SmallCap Index grew by 0.47 percent. We remain cautiously optimistic on the market in the near term. Tomorrow’s RBI monetary policy would provide further direction. The recent softening in CPI inflation, disappointing IIP numbers and US Fed’s signal to slow the pace of interest rate hikes had built-in expectations of a rate cut or a change in policy stance in tomorrow’s RBI monetary policy meeting. We feel the commentary on the outlook of interest rates would hold a significance. Further, with more results scheduled in the next couple of weeks, stock-specific volatility will remain high. Globally, crude oil price and INR-USD movement would continue to remain on the market radar.

Top Gainers

TECHM by 8.12% to Rs 812.00. , CIPLA by 7.30% to Rs 545.10, ZEEL by 6.46% to Rs 388.95., BAJFINANCE by 4.39% to Rs 2,718.00., TATASTEEL by 4.34% to Rs 484.85.

Top Losers

ADANIPORTS By -3.13% to Rs 329.15, INDUSINDBK by -1.23% to Rs 1,522.75, DRREDDY by -1.04% to Rs 2,792.00, TITAN by -0.69% to Rs 1,059, AXISBANK by -0.47% to Rs.726.10.

Analysis Of Top Gainer And Loser

TECHM is the top gainer in today's market, The company’s quarterly profit rose in the three months ended December, led by its communications and enterprise businesses. Key Earnings Highlights (Q3, QoQ) Revenue up 3.6 percent to Rs 8,943 crore. Net profit up 14.3 percent to 1,207 crores. EBIT up 8.6 percent to 1,439 crores. EBIT Margin at 16.1 percent versus 15.4 percent.

ADANIPORTS is the top loser in today's market, The company announced the Q3FY2019 Result, earnings before interest, tax, depreciation, and amortization rose 3 percent year-on-year to Rs 1,843 crore, according to its exchange filing. Net profit rose 41.7 percent on a yearly basis to Rs 1,409 crore, higher than the Rs 1,086-crore forecast. The company’s revenue rose 5 percent year-on-year to Rs 2,824 crore for the three month period. That compares with the Rs 2,734 crore estimate. Operating margin narrowed to 65.30 percent from 66.30 percent a year ago.

Key Market News

  • The finance ministry expects Rs 69,000 crore dividend from the Reserve Bank of India (RBI) in the next financial year, sources said. The government has projected to mobilize Rs 82,911.56 crore as dividend or surplus from the RBI, nationalized banks and financial institutions during 2019-20.
  • Capital markets regulator Sebi asks exchanges to step up intra-day surveillance; stocks with negative news flow under the scanner.
  • Pradeep Singh Kharola named as Civil Aviation Secretary.
  • The Union Cabinet is likely to discuss a proposal on Wednesday for providing an additional Rs 6000-crore soft loan to sugar mills to increase their ethanol production capacities under an incentive scheme. The proposal may include non-molasses-based distilleries.
  • NSE has added Religare Enterprises, Vipul and Binani industries to the list of stocks under short-term additional surveillance measure (ASM) framework. Automotive Stampings and Assemblies and MVL have been taken out of the list.
  • U.K. Services Purchasing Managers Index (PMI) reported 50.1.
  • Foreign portfolio investors (FPIs) bought Rs 420.65 crore worth of domestic stocks on Tuesday, DIIs were net sellers to the tune of Rs 194 crore.

Stocks To Watch

AUROPHARMA is on the upside while BIOCON is on the downside.

AUROPHARMA is currently quoting at Rs.762.05 up by Rs 18.55 or 2.49% from its previous closing of Rs.743.50 on the NSE. The scrip opened at Rs.745.50 & has touched a high & low of Rs.764.50 and Rs.738.00 respectively. So far 20,20,397NSE) shares were traded on the counter. The current market cap of the company is Rs 44,567.06Cr. The NSE/BSE group stock has touched a 52 week high of Rs.830.45 on 04-DEC-2018 & a 52 week low of Rs. 527.00 on 04-JUN-2018.

BIOCON is currently quoting at Rs. 634.20 down by Rs.-15.10 or -2.33% from its previous closing of Rs.649.30 on the NSE. The scrip opened at Rs.650.60 & has touched a high & low of Rs.652.55 and Rs.628.10 respectively. So far 11,79,571(NSE) shares were traded on the counter. The current market cap of the company is Rs 38,037.00cr. The BSE/NSE group stock has touched a 52 week high of Rs 718.00 on 26-SEP-2018 & a 52 week low of Rs 543.30 on 26-JUL-2018.

Share Market News 05-February-2019

Sensex rises for the fourth day; Nifty Above 10900.

Indian Equity Benchmark indices were trading flat with Nifty holding above 10,900 level, Bharti Airtel shares fell around 2% after Moody’s Investor Service downgraded Bharti Airtel Ltd. the Sensex was up 27.16 points at 36609.90, while Nifty grew by 13.40 points at 10925.70.Among sector compiled by NSE advanced, led by the Nifty Media Index’s 0.5 percent gain. While, the Nifty Metal Index was the top sectoral loser, down 0.17 percent. The market breadth was inclined in favor of sellers. About 336 shares have advanced, 455 shares declined, and 43 shares are unchanged. Wall Street had gained on Monday, with all three major indexes closing near session highs on sustained optimism of the prospects for US-China trade relations propelled technology shares.

In the afternoon session, Indian markets continued to trade mixed, Nifty was trading around 10920. While Nikkei India Services Purchasing Managers' Index stood at 52.2 in January from 53.2. The Sensex was down 4.51 points or 0.01% at 36578.23, and the Nifty up by 6.30 points or 0.06% at 10918.55. Among sector Media, Auto, Pharma was trading higher, While reality, IT, metal was trading in the red zone. In a Broder Market, the NSE mid-cap was up by 0.08% and smallcap indices were trading lower by 0.24%, respectively.

In the last hour of trade, Indian equity benchmarks were trading higher with Nifty around 10,950 level. Indian equity Benchmark indices have ended the session on a flat note, the Sensex was up 34.07 points or 0.09% at 36616.81, and the Nifty up 22.10 points or 0.20% at 10934.40. Except for automobiles, weakness was visible among all sectoral indices, with pain visible among energy, consumption, infra, and metals Indices. In the broader Market, Mid- and small-cap shares underperformed larger peers as the NSE MidCap Index drop by 0.77 percent and NSE SmallCap Index down by 1.39 percent. The market was volatile and faced stiff resistance at 10,950 levels. However, investors got bargaining opportunity in auto and private banks post January auto sales and in expectation of dovish RBI monetary policy. We continue to maintain a cautious view of the NBFC sector post the ILFS crisis. Advise investors to stay away from high debt companies and companies with corporate governance issues.

Top Gainers

ZEEL by 4.86% to Rs 364.65. , TITAN by 4.17% to Rs 1,068.50, UPL by 3.62% to Rs 798.80., DRREDDY by 2.99% to Rs 2,817.05., HEROMOTOCO by 2.94 to Rs 2,862.00.

Top Losers

COALINDIA By -2.70% to Rs 216.10, TATASTEEL by -2.38% to Rs 464.70, TATAMOTORS by -2.36% to Rs 176.00, YESBANK by -2.20% to Rs175.85, ONGC by -2.05% to Rs.143.25.

Analysis Of Top Gainer And Loser

ZEEL is the top gainer in today's market, The Zee Entertainment Enterprises Ltd (Zeel) promoter Essel Group has secured the formal consent of its lenders to whom the shares held by Essel have been pledged, the latter announced.A late Sunday announcement by the Subhash Chandra-led Essel Group said the formal consent has been received following a meeting on the day with lenders, to the understanding reached last week which has now been finalized."As per the consent, the lenders have agreed that there will not be any event of default declared till September 30, 2019, due to the movement in the stock price of Essel Group's mentioned listed corporate entities."This consent provides the required amount of time for the Group's management to complete the strategic sale process of its key assets without any compromise on the value," it said.

COALINDIA is the top loser in today's market, Coal India approved a buyback of 4.46 crore equity shares or 0.72 percent of outstanding equity shares at Rs 235 per share aggregating up to Rs 1,050 crore.

Key Market News

  • The Reserve Bank can cut key lending rate by 0.25 percent later this week in view of benign inflation, said an SBI research report on Monday. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will be starting its three-day meet in Mumbai on Tuesday and will be announcing the policy on February 7.
  • The Securities and Exchange Board of India (SEBI) have almost finalized the mechanism for tap issue of bonds through a shelf offer document and this can implement it from FY20. Under tap issue, companies could be allowed to file shelf prospectus on the same lines as private placements, once a year and raise money when required without going through the process of seeking approval from regulatory authorities.
  • The fiscal deficit has touched 112.4 percent of the full-year budget target of Rs 6.24 lakh crore at the end of December on account of lower revenue collections, government data showed on February 4.
  • Bill Gross, who reigned for decades as the Bond King at Pacific Investment Management, is retiring more than four years after jumping to Janus Henderson Group from the fixed-income giant he co-founded.
  • Foreign portfolio investors (FPIs) sold Rs 112 crore worth of domestic stocks on Monday, DIIs were net sellers to the tune of Rs 65 crore, data suggested.
  • U.K. Construction Purchasing Managers Index (PMI) 50.6, fore casted 52.6. A weaker than forecast reading is generally negative (bearish) for the GBP.
  • Nikkei India Services Purchasing Managers' Index stood at 52.2 in January from 53.2

Stocks To Watch

UPL is on the upside while BHEL is on the downside.

UPL is currently quoting at Rs.798.80 up by Rs 27.90 or 3.62% from its previous closing of Rs.770.90 on the NSE. The scrip opened at Rs.772.85 & has touched a high & low of Rs.800.00 and Rs.772.85 respectively. So far 25,16,447(NSE) shares were traded on the counter. The current market cap of the company is Rs 40,556.41Cr. The NSE/BSE group stock has touched a 52 week high of Rs.800 on 05-FEB-2019 & a 52 week low of Rs. 537.25 on 19-JUL-2018.

BHEL is currently quoting at Rs. 58.60 down by Rs.-6.35 or -9.78% from its previous closing of Rs.64.95 on the NSE. The scrip opened at Rs.64.95 & has touched a high & low of Rs.65.15 and Rs.56.20 respectively. So far 4,89,29,404(NSE) shares were traded on the counter. The current market cap of the company is Rs 20,509.35cr. The BSE/NSE group stock has touched a 52 week high of Rs 99.25 on 14-FEB-2018 & a 52 week low of Rs 56.20 on 05-FEB-2019.

Share Market News 04-February-2019

Sensex End Higher For Third Consecutive Day,Nifty above 10900; Led by Reliance.

Indian Equity Benchmark indices started the day on a negative note after rallying for two consecutive trading sessions, Anil Ambani group companies traded lower after RCom has decided to opt for insolvency proceedings, following its failure to sell assets for paying back its lenders. the Sensex was down 132.64 points at 36336.79, while Nifty declined by 42.50 points at 10851.20. Among sector compiled by NSE fell, led by the Nifty Media Index’s 3.18 percent decline. While, the Nifty IT Index was the top sectoral gainer, up 0.56 percent. The market breadth was inclined in favor of sellers.100 companies to report Q3 numbers today.

In the afternoon session, Indian markets were trading lower, Tata steel, Icici bank, M&M were among the top loser in Nifty, Titan soared To Record High After Q3 Profit Tops Estimates. The Sensex was down 157.49 points or 0.43% at 36311.94, and the Nifty fall by 53.80 points or 0.49% at 10839.95. Among sector, Excluding Energy all other sectors were trading in red led by metal, Infra, & media drop more than 1.5%, Reliance was up by 0.84% while Tata steel was down by 4.49. In a Broder Market, the NSE mid-cap was down by 0.83% and smallcap indices were trading lower by 1.32%, respectively.

In the last hour of trade, Indian equity benchmarks recover from day's low. Nifty was trading at 10870 marks. Indian equity Benchmark indices had ended on a positive note with Nifty closed above 10,900 level. The Sensex was up 113.31 points at 36582.74, while Nifty was up 18.60 points at 10912.30. Among sectors, infrastructure, auto, metal, FMCG, and pharma witnessed selling pressure, while some buying was visible in bank, energy and IT stocks. In the broader Market, Mid- and small-cap shares underperformed larger peers as the NSE MidCap Index drop by 0.87 percent and NSE SmallCap Index down by 1.55 percent. Key things to watch out will be Nikkei India Services PMI and Composite PMI, RBI Monetary Policy Meet, U.S. Federal Open Market Committee (FOMC) Member Mester Speaks, the Reserve Bank of Australia set monetary policy

Top Gainers

TITAN by 3.32% to Rs 1,024.50. , ONGC by 3.28% to Rs 146.45, RELIANCE by 3.16% to Rs 1,289.50., EICHERMOT by 2.53% to Rs 20,160.00., BAJAJ-AUTO by 1.70 to Rs 2,647.00.

Top Losers

IBULHSGFIN By -4.21% to Rs 650.05, HINDALCO by -3.45% to Rs 204.10, YESBANK by -3.34% to Rs 179.40, HINDPETRO by -3.27% to Rs.226.35, POWERGRID by -3.21% to Rs.184.10.

Analysis Of Top Gainer And Loser

TITAN is the top gainer in today's market, Titan soared To Record High After Q3 Profit Tops Estimates, Net sales up 34 percent at Rs 5,672 crore. Ebitda up 30.8 percent at Rs 585 crore. Ebitda margin at 10.3 percent versus 10.5 percent. Profit up 35 percent at Rs 416 crore.

IBULHSGFIN is the top loser in today's market, Company is been in a downtrend from many session over the issue faced by NBFC sector. Today company has also breached long term support and can witness much more downFall.

Key Market News

  • Manufacturing PMI in India increased to 53.9 in January from 53.2 in December of 2018. Manufacturing PMI in India is reported by Markit Economics.
  • Finance Minister Piyush Goyal will address the customary post-budget meeting of the central board of Reserve Bank of India on February 9 and will also highlight the key points of the interim Budget.
  • Economic Affairs Secretary S C Garg on February 1 said the government is expecting Rs 28,000 crore from the Reserve Bank as an interim dividend in the current fiscal. The government has already received Rs 40,000 crore from the Reserve Bank of India during 2018-19.
  • FPIs has pulled out a net amount of Rs 5,264 crore from equities and Rs 97 crore from the debt markets in January, taking the total outflow to Rs 5,361 crore, According to data available with the depositories.
  • The government will find it difficult to meet the fiscal deficit target of 3.4 percent in 2019-20 on account on higher spending and low revenue growth, Moody's Investors Service said.
  • President Donald Trump had conveyed that the US' massive trade deficit with China cannot be allowed to continue, a day after the officials from both countries concluded their latest round of negotiations on trade issues.
  • "The Monetary Policy Committee (MPC) will meet during February 5 to 7, 2019, for the Sixth Bi-monthly Monetary Policy Statement for 2018-19. The resolution of the MPC will be placed on the website at 11.45 am on February 7, 2019," the central bank said in a statement on its website.
  • Oct-January sugar output stood at 18.5 million tonnes against 17.1 million tonnes last year, According to data released by ISMA
  • China’s financial markets are closed all week for the Lunar New Year holiday. Markets across Korea and Taiwan to are shut for the day.

Stocks To Watch

TATASTEEL is on the upside while AUROPHARMA is on the downside.

TATASTEEL is currently quoting at Rs.474.75 up by Rs 0.05 or 0.01% from its previous closing of Rs.474.70 on the NSE. The scrip opened at Rs.474.90 & has touched a high & low of Rs.478.60 and Rs.452.00 respectively. So far 1,09,72,028(NSE) shares were traded on the counter. The current market cap of the company is Rs 54,521.84Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 720.50 on 14-FEB-2018 & a 52 week low of Rs. 441.35 on 29-JAN-2019.

AUROPHARMA is currently quoting at Rs. 760.00 down by Rs.-4.74 or -37.80% from its previous closing of Rs.797.80 on the NSE. The scrip opened at Rs.797.80 & has touched a high & low of Rs.804.95 and Rs.759.10 respectively. So far 26,59,793NSE) shares were traded on the counter. The current market cap of the company is Rs 44,898.10cr. The BSE/NSE group stock has touched a 52 week high of Rs 830.45 on 04-DEC-2019 & a 52 week low of Rs 527.00 on 04-JUN-2018.

Share Market News January-2019

Share Market News 30-January-2019

Sensex ends flat ahead of F&O expiry, Nifty settles above 10,650; Mid-Small cap Outperform

Indian Equity Benchmark indices surged higher after a decline for three days in a row, led by Axis bank after posting a strong result & ICICI Bank as the street was expecting double-digit growth in Q3. Nifty was trading around 10,700. Among sector, Nifty Private Bank Index's advanced 1.2% While, the Nifty Realty Index was the only sectoral loser, down 0.04 percent. the Sensex rose by 148.83 points at 35741.33, while Nifty grew by 41.10 points at 10693.30. About 472 shares have advanced, 299 shares declined, and 35 shares are unchanged. The Indian rupee opened lower against the U.S. dollar at 71.38 with the focus shifting to the Fed policy meet and US-China trade talks.

In the afternoon session, Indian equity benchmarks indices have lost their early gains and were trading at day’s low. Nifty was trading around 10,640. The Sensex was up 18.41 points or 0.05% at 35610.91, and the Nifty was down by 4.75 points or 0.04% at 10647.45. Among sector Metal, Banks, Infra was trading higher, While reality, pharma, FMCG were trading in the red zone. In a Broder Market, the NSE mid-cap was up by 0.12% and smallcap indices were trading higher by 0.42%, respectively.

In the last hour of trade, Nifty was trading at 10670 level. The spoiler was the HDFC Twins down more than 1%. Benchmark indices closed flat in a highly volatile session.ICICI Bank, Tata Steel, Axis Bank are the top gainers, while Kotak Mahindra Bank, HDFC Twins were trading lower. the Sensex was down 1.25 points at 35591.25, while Nifty was down 0.40 points at 10651.80. Among the sectors, FMCG, pharma, and pharma witnessed some selling pressure while buying seen in the bank, IT and metal stocks. In the broader market, Mid- and small-cap shares outperformed their larger peers as the NSE MidCap Index rose 0.51 percent while the NSE SmallCap Index climbed 0.58 percent.

Top Gainers

ICICIBANK by 6.21% to Rs 368.40. , TATASTEEL by 5.61% to Rs 468.70, AXISBANK by 4.58% to Rs 691.00., HINDALCO by 2.91% to Rs 205.35., HCLTECH by 2.81% to Rs 1,016.20.

Top Losers

IBULHSGFIN By -4.81% to Rs 665.00, ADANIPORTS by -3.22% to Rs 338.00, BAJAJ-AUTO by -2.95% to Rs 2,492.00, KOTAKBANK by -2.59% to Rs.1,219.00, INFRATEL by -2.49% to Rs.289.95.

Analysis Of Top Gainer And Loser

ICICIBANK is the top gainer in today's market Shares of the country's second largest private sector lender rose as much as 6.21 percent, ahead of its December quarter earnings.

IBULHSGFIN is the top loser in today's market, The company has witnessed selling pressure, the stock plunged nearly 5% in a day’s trade.

Key Market News

  • The Economic Offences Wing (EOW) of Mumbai police, interrogating National Spot Exchange (NSEL) payment scam of Rs 5,600-crore, has sought legal opinion on whether it can attach the assets of non-defaulting brokers who engaged in trading of illegal paired contracts for clients and earned brokerage from them, said people aware of the development
  • Gold hit an eight-month high safe-haven gold broke through $1,310 an ounce in spot prices to reach its highest since last May. US gold futures settled up 0.4 percent at $1,308.90 per ounce.
  • Sovereign bond yield touches 7.6% ahead of interim budget.
  • Australia Consumer Price Index (CPI) QoQ reported 0.5% forecasted 0.4%, A reading that is stronger than forecast is generally supportive (bullish) for the AUD.

Stocks To Watch

WIPRO is on the upside while TECHM is on the downside.

WIPRO is currently quoting at Rs.363.05 up by Rs 3.65 or 1.02% from its previous closing of Rs.359.40 on the NSE. The stock opened at Rs.359 & has touched a high & low of Rs.367.65 and Rs.358 respectively. So far 74,08,937(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,64,034.52 Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 367.65 on 30-JAN-2019 & a 52 week low of Rs.253.50 on 06-JUN-2018.

TECHM is currently quoting at Rs. 717.20 down by Rs.-14.30 or -1.95% from its previous closing of Rs.731.50 on the NSE. The stock opened at Rs.732 & has touched a high & low of Rs.733.40 and Rs.711.75 respectively. So far 21,39,900(NSE) shares were traded on the counter. The current market cap of the company is Rs70,251.19cr. The BSE/NSE group stock has touched a 52 week high of Rs 780.80 on 03-OCT-2018 & a 52 week low of Rs 563.65 on 19-FEB-2018.

Share Market News 29-January-2019

Strong recovery on the Street; Nifty settle above 10650

Indian Equity Benchmark indices started the day on the lower note. GAIL, Indiabulls Housing Finance Limited, Bajaj Auto and Yes Bank were among the top losers, Adani Ports, UltraTech Cement, Bajaj Finance, ICICI Bank and Sun Pharma were trading higher. The Sensex was down 114.76 points at 35541.94, while Nifty declined by 41.00 points at 10620.50.Mid- and small-cap shares once again underperform their larger peers as the BSE MidCap Index fell 0.66 percent and the BSE SmallCap Index dropped 0.42 percent. Across the globe, US stocks collapse after industrial giant Caterpillar and chip company Nvidia projected worse-than-expected results for 2019, citing ongoing weakness in China.

In the afternoon session, Indian equity benchmarks were trading lower. Stock specific action continuous as 70 companies to report Q3 numbers today, The Sensex was down by 91.67 points or 0.26% at 35565.03, and the Nifty down 23.20 points or 0.22% at 10638.30. Among sector Media, pharma, Reality was trading higher, While IT stocks were in decline as INFY, HCLTech has witnessed the selling pressure. In a Broder Market, the NSE mid-cap was up by 0.02% and smallcap indices were trading higher by 0.19%, respectively. Asian shares halted after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.

In the last hour of trade, Benchmark indices were trading at Day’s low, Nifty was at 10600 level. Meanwhile, HDFC has posted the result stock was trading at 1,921.00 down 1.20 %. Indian equity. Benchmark indices have bounced from the lows, Nifty above 10,650 level. the Sensex was down 64.20 points at 35592.50, while Nifty was down 9.30 points at 10652.20. Among sectors, pharma, IT and FMCG index helped to market recovery, while some selling pain was visible in auto, bank and energy space. Midcaps outperformed today, with BSE midcap index rising 0.40%.

Top Gainers

ADANI PORT by 5.95% to Rs 345.50. , BAJFINANCE by 4.45% to Rs 2,567.95, BAJAJFINSV by 4.03% to Rs 6,295.00., INFRATEL by 3.72% to Rs 298.00., IBULHSGFIN by 3.18% to Rs 721.55.

Top Losers

EICHERMOT By -5.82% to Rs 18,825.00, GAIL by -2.76% to Rs 324.00, LT by -1.49% to Rs 1,281.10, HINDPETRO by -1.36% to Rs.235.95, POWERGRID by -1.28% to Rs.185.40.

Analysis Of Top Gainer And Loser

ADANIPORTS is the top gainer in today's market shares after The Kerala government has said construction of the much-awaited Vizhinjam International Seaport near here would be completed in a "time-bound manner" though cyclone Ockhi and flood had adversely affected the pace of the multi-crore project.

EICHERMOT is the top loser in today's market, The company has witnessed selling pressure, the stock plunged nearly 6% in a day’s trade.

Key Market News

  • Foreign portfolio investors (FPIs) bought Rs 223 crore worth of domestic stocks, DIIs were net buyers to the tune of Rs 92 crore on Monday.
  • The US Commerce Department’s Bureau of Economic Analysis said that it was delaying the release of advance fourth-quarter gross domestic product data because of the just-ended five-week partial government shutdown.
  • India has replaced Japan as the world's second-largest steel producing country, according to the report by world steel association. India's crude steel production for 2018 was 106.5 MT, up by 4.9% in 2017, the report observed. China retained its spot as the largest producer of crude steel accounting for more than 51% of production.
  • Interim Finance minister Piyush Goyal had a meeting with heads of banks and promised all support to public -sector bank to promote lending to MSMSE, agriculture sector.
  • Sebi provides transparency on lock-in period for warrants "The entire pre-preferential allotment shareholding of the allottees, if any, shall be locked in from the relevant date up to a period of six months from the date of trading approval," Sebi said quoting ICDR norms
  • A drop in oil prices in the last three months of 2018 and purchases by the Reserve Bank of India had helped bonds log their best quarter in four years. The government is likely to meet its fiscal deficit target of 3.3 percent for the year ending March, while it may “slip marginallyâ€� from next year’s 3.1 percent aim.

Stocks To Watch

BHEL is on the upside while VIPIND is on the downside.

BHEL is currently quoting at Rs.64.50 up by Rs 0.75 or 1.18% from its previous closing of Rs.63.75 on the NSE. The scrip opened at Rs.63.20 & has touched a high & low of Rs.65.35 and Rs.63.20 respectively. So far 87,58,306(NSE) shares were traded on the counter. The current market cap of the company is Rs 22,459.31Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 104.15 on 24-JAN-2018 & a 52 week low of Rs.61.70 on 11-DEC-2018.

VIPIND is currently quoting at Rs. 459.05 down by Rs.-9.20 or -1.96% from its previous closing of Rs.468.25 on the NSE. The scrip opened at Rs.469.95 & has touched a high & low of Rs.470.00 and Rs.447.00 respectively. So far 292,235(NSE) shares were traded on the counter. The current market cap of the company is Rs.6,528.86cr. The BSE/NSE group stock has touched a 52 week high of Rs 647.00 on 28-AUG-2018 & a 52 week low of Rs 287.10 on 19-MAR-2018.

Share Market News –28-January-2019

Spoilsport Initiated By the Interim Budget Expectations, Nifty below 10,700.

Indian Equity Benchmark indices started the day on the lower note, amid lower than expected earnings and caution ahead of the interim budget next week hurt the investor sentiment. The Sensex was down 68.14 points at 35957.40, while Nifty was down 23.90 points at 10756.60. Among sector, media was leading as Zee Entertainment Enterprises soared 12%, Flipside pharma was in the declining side.

In the afternoon session, Indian equity benchmarks have witnessed a sharp sell-off. The bank nifty was down by 1.50 % lead by ICICI bank plunged nearly 5.50%, The BSE Sensex down by 0.88 percent or -317.35 points to 35708.19 and the NSE Nifty 50 Index was declined by 0.95 percent or -102.75 points to 10,677.80. Among sector Expect media, All sectors were bleeding in red. In a Broder Market, The Sell -off had continued this week also the NSE mid-cap down by 2.14% and smallcap indices were trading lower by 1.61%, respectively.

In the last hour of trade, financial stocks dragged market lower, Nifty traded at 10650 level. Indian equity benchmarks extended decline to the second day, Global markets dip post comments by the US president about another shutdown if the agreement with Democrats is not reached. Indian markets also reacted to this negative sentiment with all sectoral indices in the red with Nifty Pharma being the biggest loser followed by Bank Nifty. D-street is also worried about the government drifting from its fiscal consolidation path in the interim budget. The BSE Sensex fell 1.02 percent or 368.84 points to 35,656.70 and the Nifty 50 Index dropped 1.10 percent or 119.00 points to 10,661.55. In broader market selling pressure was higher as midcap and smallcap index lost nearly 2 percent each. The upcoming week will be in focus as there will be the presentation of the budget, US FED policy meet, and the US-China trade talks.

Top Gainers

ZEEL by 15.73% to Rs 368.50. , INFRATEL by 2.39% to Rs 286.45, TCS by 2.04% to Rs 1,960.00., COALINDIA by 2.01% to Rs 225.40., LT by 1.29% to Rs 1,302.00.

Top Losers

ADANIPORTS By -12.53% to Rs 327.00, IBULHSGFIN by -6.51% to Rs 696.00, BAJFINANCE by -5.45% to Rs 2,458.00, YESBANK by -5.28% to Rs.208.00, BAJAJFINSV by -4.30% to Rs.6,050.00.

Analysis Of Top Gainer And Loser

ZEEL is the top gainer in today's market shares, after lenders having a pledge on the Zee Group promoters’ shares have granted time until April to repay dues after they sold 0.6 percent stake in the group’s flagship on Friday.

ADANIPORTS is the top loser in today's market, The company has witnessed heavy dumping in stock plunged nearly 13% in a day’s trade.

Key Market News

  • US President Donald Trump has declared a deal with the Democrats to temporarily open the government for three weeks till mid-February, enabling over 800,000 federal workers to resume their job & ending the longest-ever partial shutdown.
  • Finance Minister Piyush Goyal will meet the CEOs of public sector banks on January 28 to discuss ways to enhance their financial position, The full-day meeting is likely to be addressed by Reserve Bank of India Governor Shaktikanta Das.
  • The government looking to crack the fiscal deficit target yet again by 40 bps for 2018-19, and raise the target to 3.5 percent for the next fiscal in the forthcoming budget that may be skewed towards the rural economy
  • The cabinet on January 28 is likely to approve a package for farmers to boost their income and address distress in the farm sector
  • During January 1-25, Foreign Portfolio Investors (FPIs) pull out a net amount of Rs 5,880 However, they invested a net Rs 163 crore in the country's debt markets during the period under review. Signifies the cautious behavior of FPI.
  • Sebi came out with a new set of proposals to provide flexibility to the REITs and InvITs in terms of fundraising and increasing the access of these investments to investors.

Stocks To Watch

WIPRO is on the upside while SUNPHARMA is on the downside.

WIPRO is currently quoting at Rs.355.00 up by Rs 1.55 or 0.44% from its previous closing of Rs.353.45 on the NSE. The scrip opened at Rs.354.35 & has touched a high & low of Rs.362.70 and Rs.354.25 respectively. So far 68,99,957(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,60,708.58Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 362.70 on 28-JAN-2019 & a 52 week low of Rs.253.50 on 06-JUN-2018.

SUNPHARMA is currently quoting at Rs.411.55 down by Rs.-10.85 or -2.57% from its previous closing of Rs.422.40 on the NSE. The scrip opened at Rs.424.00 & has touched a high & low of Rs.424.75 and Rs.410.15 respectively. So far 58,09,082(NSE) shares were traded on the counter. The current market cap of the company is Rs.98,741.92cr. The BSE/NSE group stock has touched a 52 week high of Rs 679.30 on 06-SEP-2018 & a 52 week low of Rs 370.20 on 18-JAN-2019.

Share Market News –24-January-2019

Sensex halted two-day losing streak; YES Bank rallies 15%

Indian Equity Benchmark indices started the day on flat note, Nifty trading below 10,850 level. The Sensex was by down 2.76 points at 36105.71, while Nifty down by 2.10 points at 10829.40. Among sector compiled by NSE fell, led by the NSE Nifty Metal Index’s 0.55 percent decline.While, the NSE Nifty FMCG Index was the top sectoral gainer, up 0.79 percent. The market breadth was inclined in favor of buyers. About 374 shares have advanced, 306 shares declined, and 29 shares are unchanged.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex up by 0.10 percent or 37.42 points to 36145.89 and the NSE Nifty 50 Index was up by 0.03 percent or 3.40 points to 10,834.90. Among sector Auto, pharma, infra were trading in red, While, reality, FMCG was in green. In a Broder Market, NSE mid-cap down by 0.22% and smallcap indices were trading lower by 0.18%, respectively.

In the last hour of trade, Nifty was trading at 10820 level. Indian equity benchmarks have ended the day on a positive note, paced by gains in Yes Bank. The Sensex was up 86.63 points or 0.24% at 36195.10, and the Nifty up 18.30 points or 0.17% at 10849.80. Among sectors, energy, IT and PSU banks were the big gainers, while auto and pharma witnessed some selling pressure. The MidCap Index fell 0.34 percent and the SmallCap Index declined 0.37 percent respectively.

Top Gainers

YESBANK by 14.32% to Rs 225.50. , RELIANCE by 1.85% to Rs 1,249.00, TCS by 1.41% to Rs 1,902.00., JSWSTEEL by 1.10% to Rs 284.00., TECHM by 1.01% to Rs 728.00.

Top Losers

INFRATEL By -5.38% to Rs 262.10, TATAMOTORS by -2.61% to Rs 175.55, UPL by -1.95% to Rs 748.00, ULTRACEMCO by -1.73% to Rs.3,784.00, SUNPHARMA by -1.71% to Rs.423.65.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market shares, Yes Bank Surges After Naming Ravneet Gill As New CEO, and reporting its Q3 results :Net interest income up 41 percent at Rs 2,666.41 crore versus 1,889 crore (YoY),Net profit declines 7 percent to Rs 1,002 crore versus Rs 1,077 crore (YoY),Gross non-performing assets as a percentage of total advances at 2.10 percent versus 1.60 percent (QoQ),Net non-performing assets as a percentage of total advances at 1.18 percent versus 0.84 percent (QoQ), Provisions for bad loans down 41 percent at Rs 550 crore versus Rs 940 crore (QoQ)

INFRATEL is the top loser in today's market, Shares of the Telecom tower infrastructure provider Bharti Infratel on Wednesday reported a rise of nearly 11 percent in its consolidated net profit during the quarter ended December on a year-on-year basis. The consolidated net profit of the company during the third quarter stood at Rs 648.4 crore, against Rs 585.4 crore reported in the year-ago period. The consolidated total income of the company during the period under review rose by 2.51 percent to Rs 17,595 crore from Rs 17,163 crore earned during the corresponding period of the previous financial year.

Key Market News

  • The high-level selection panel headed by Prime Minister Narendra Modi will meet on Thursday to decide on a new chief of the Central Bureau of Investigation, nearly two weeks after sacking the incumbent A.K. Verma.
  • India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI Governor Raghuram Rajan said Tuesday. Addressing a session on Strategic Outlook for South Asia, Rajan said Indian economy would continue to grow while the growth rate is slowing down in China.
  • The government would be sticking to a routine and publishing an Economic Survey, essentially the economic report card for 2018-19, though normally this task is left to the next government. The government has appointed a panel under former Reserve Bank of India governor Bimal Jalan to select the next chief economic adviser in the finance ministry and so far it has held two meetings to vet 20 applications.
  • A no deal Brexit would represent a major failure of Britain’s political institutions that would weigh negatively on the country’s creditworthiness, rating agency Moody’s said on Wednesday
  • Foreign portfolio investors (FPIs) sold Rs 775.82 crore worth of domestic stocks on Wednesday, DIIs were net buyers to the tune of Rs 583.77 crore.

Stocks To Watch

AUROPHARMA is on the upside while SUNPHARMA is on the downside.

AUROPHARMA is currently quoting at Rs.791.15 up by Rs 8.05 or 1.03% from its previous closing of Rs.783.10 on the NSE. The scrip opened at Rs.785.00 & has touched a high & low of Rs.795.70 and Rs.779.30 respectively. So far 18,53,657(NSE) shares were traded on the counter. The current market cap of the company is Rs 46,157.80Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 830.45 on 04-DEC-2018 & a 52 week low of Rs.527.00 on 04-JUN-2018.

SUNPHARMA is currently quoting at Rs.423.65 down by Rs.-7.35 or -1.71% from its previous closing of Rs.431.00 on the NSE. The scrip opened at Rs.431.00 & has touched a high & low of Rs.438.00 and Rs.417.10 respectively. So far 1,84,46,490(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,01,369.11cr. The BSE/NSE group stock has touched a 52 week high of Rs 679.30 on 06-SEP-2018 & a 52 week low of Rs 370.20 on 18-JAN-2019.

Share Market News 23-January-2019

Sharp selling on D-Street, Nifty below 10,850; Led By ITC.

Indian Equity Benchmark indices started on a flat note, with the Nifty holding 10,900 Mark. The Sensex was up 23.88 points or 0.07% at 36468.52, and the Nifty up 2.10 points or 0.02% at 10924.90. All the sector compiled by NSE rose, led by the NSE Nifty Realty Index's 0.27 percent advance. The market breadth was positive as 273 shares advanced, against a decline of 114 shares, while 36 shares were unchanged.

In the afternoon session, Indian equity benchmarks continued to trade flat. The BSE Sensex down by 0.01 percent or 1.98 points to 36442.66 and the NSE Nifty 50 Index was up by 0.04 percent or 4.90 points to 10,927.65. Among sector Auto, reality, the bank were trading in red, While, pharma, media, FMCG was in green. In a Broder Market, NSE mid-cap grew by 0.36% and smallcap indices were trading higher by 0.21%, respectively.

In the last hour of trade, Nifty was trading at 10920. Indian equity benchmarks fell for the second day in a row, A sharp selling in the last hour dragged indices by around a percent. The Sensex was down 336.17 points or 0.92% at 36108.47, and the Nifty down 91.30 points or 0.84% at 10831.50. Auto, banks, consumption, infra and IT, among others, were the sector which ended in the red, Flipside metals and pharma were the sole gainers. The MidCap Index fell 0.11 percent and the SmallCap Index declined 0.28 percent respectively.

Top Gainers

SUNPHARMA by 2.73% to Rs 430.40. , YESBANK by 2.63% to Rs 197.25, TATASTEEL by 1.43% to Rs 463.10., WIPRO by 1.30% to Rs 351.00., ZEEL by 1.19% to Rs 430.30.

Top Losers

ITC By -4.75% to Rs 276.00, GRASIM by -2.97% to Rs 780.50, IBULHSGFIN by -2.53% to Rs 777.15, TITAN by -2.30% to Rs.960.00, M&M by -2.03% to Rs.694.10.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market shares, Shares of the country’s largest pharmaceutical company, rose as much as 2.7 percent, The drugmaker issued clarifications over alleged corporate governance lapses against the company that led to a selloff in its shares recently.

ITC is the top loser in today's market, Shares of the country's largest cigarette maker fell as much as 4.75 percent after its margins missed the estimates in December quarter. Revenues up 15 percent at Rs 11,227 crore versus Rs 9,772 crore (YoY); Net profit up 4 percent at Rs 3,209 crore versus Rs 3,090 crore (YoY); EBITDA up 11 percent at Rs 4,325.5 crore versus Rs 3,889 crore, Margin at 38.5 percent versus 39.8 percent (YoY).

Key Market News

  • RBI Continuing with its commitment to provide adequate liquidity, the Reserve Bank on Tuesday announced an Rs 10,000-crore bond buyback on Thursday. The central bank had earlier committed to purchase government securities under its open market operations for an aggregate Rs 50,000 crore in January and has so far done Rs 30,000 crore.
  • China has imposed anti-dumping duties on ortho-dichlorobenzene (ODCB) imported from India and Japan which will come into effect from on Wednesday. The domestic industry has been subject to substantial damages due to the dumping of these products, the Chinese Commerce Ministry said on Tuesday in a final ruling after the anti-dumping investigation into the imports.
  • The Bank of Japan kept monetary policy stable on Wednesday and downgrade its price projections, bolstering market views it is in no position to rush an exit from its massive stimulus programme, despite the costs of prolonged easing.
  • Foreign portfolio investors (FPIs) sold domestic stocks on Tuesday worth Rs.79 crore, DIIs were net sellers to the tune of Rs 84 crore.

Stocks To Watch

ESCORT is on the upside while M&M is on the downside.

ESCORT is currently quoting at Rs.728.25 up by Rs 7.45 or 1.03% from its previous closing of Rs.720.80 on the NSE. The scrip opened at Rs.719.40 & has touched a high & low of Rs.736.25 and Rs.717.90 respectively. So far 12,19,553(NSE) shares were traded on the counter. The current market cap of the company is Rs 8,939.53 Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 1,017.70 on 02-MAY-2018 & a 52 week low of Rs.541.00 on 08-OCT-2018.

M&M is currently quoting at Rs.694.10 down by Rs.-14.40 or -2.03% from its previous closing of Rs.708.50 on the NSE. The scrip opened at Rs.708.50 & has touched a high & low of Rs.709.75 and Rs.693.60 respectively. So far 47,14,919(NSE) shares were traded on the counter. The current market cap of the company is Rs.86,575.93 cr. The BSE/NSE group stock has touched a 52 week high of Rs 993.00 on 29-AUG-2018 & a 52 week low of Rs 693.60 on 23-JAN-2019.

Share Market News 22-January-2019

Sensex, Nifty Halt Five-Day Rally; Vedanta, M&M Plunged

Indian Equity Benchmark indices start on a negative note, The Nifty is below 10,950-mark. The Sensex is down 98.12 points or 0.27% at 36480.84, while the Nifty is lower by 35.90 points or 0.33% at 10926.00. Selling is visible among auto, banks, energy, IT and metal names, while Nifty Pharma index is trading higher. The market breadth was inclined in the favor of the seller. The Nifty Midcap index is down around 0.25 percent.

In the afternoon session, Indian equity benchmarks were trading lower. The BSE Sensex down by 0.55 percent or 200.59 points to 36378.37 and the NSE Nifty 50 Index was declined by 0.61 percent or 66.80 points to 10,895.05. Among sector metal, media, IT, auto were trading in red, While, pharma was in green. In a Broder Market, NSE mid-cap was down by 0.79% and smallcap indices were trading lower by 0.74%, respectively.

In the last hour of trade, Indian equity benchmarks continued to trade lower, Nifty was trading at 10900. Indian equity benchmarks snapped their five-day winning streak, but off the low points as bulls put up a strong fight in the last hour, The Sensex fell 0.37 percent or 134.32 points to 36,444.64 and the NSE Nifty 50 Index declined 0.36 percent or 39.10 points to 10,922.75. Among the sector, metal Index's remained under pressure decline of more than 2 percent, while some buying was witnessed in pharma index led by Sun Pharma. The MidCap Index fell 0.11 percent and the SmallCap Index declined 0.22 percent respectively.

Top Gainers

SUNPHARMA by 4.80% to Rs 417.40. , WIPRO by 3.09% to Rs 348.25, TITAN by 1.99% to Rs 981.90., KOTAKBANK by 1.89% to Rs 1,291.50., DRREDDY by 1.52% to Rs 2,639.20.

Top Losers

VEDL By -3.65% to Rs 191.20, TATASTEEL by -3.26% to Rs 456.30, M&M by -3.09% to Rs 707.75, ZEEL by -2.78% to Rs.424.50, JSWSTEEL by -2.49% to Rs.277.50.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market shares, Shares of the country’s largest pharmaceutical company, rose as much as 4.8 percent, The drugmaker issued clarifications over alleged corporate governance lapses against the company that had led to a selloff in its shares earlier.

VEDL is the top loser in today's market, In today’s trade Tamil Nadu’s political executive remaining committed to keeping Vedanta’s Sterlite copper smelter plant in Thoothukudi shut despite unfavorable court orders, the Tamil Nadu Pollution Control Board (TNPCB) has decided not to renew the plant’s Consent to Operate (CTO). Instead, the pollution control board plans to ask Sterlite to submit a compliance report under the Air and Water Acts.

Key Market News

  • The International Monetary Fund (IMF) on January 21 cuts its global growth projections for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing a slowdown in several advanced economies around the world more rapidly than previously anticipated.
  • The International Monetary Fund (IMF) on January 21 downgrade its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets. India's growth projection for 2019 was, however, raised by 10 basis points to 7.5 percent.
  • The rupee on Monday weakened by 9 paise to close at 71.28 against the US dollar amid a rise in demand for the greenback from exporters and unabated foreign fund outflows.
  • A meeting was chaired by deputy governor Viral Acharya, who reportedly wanted investors to avail the Voluntary Retention Route (VRR), The VRR, which is still in its draft stage, seeks to draw long-term and stable overseas portfolio investments into India’s debt markets
  • China Industrial Production YoY Reported, 5.7%. India may soon start exporting tobacco to China as both the countries have signed a protocol for the same, the department of commerce said on January 21."India and China signed the Protocol of phytosanitary requirements for the export of tobacco leaves from India to China. This has paved the way for the export of Indian tobacco to China, strengthening India-China trade relations," the department said in a tweet.
  • Global foreign direct investment (FDI) fell 19% last year to an estimated $1.2 trillion, largely caused by US President Donald Trump's tax reforms, the United Nations trade and development.

Stocks To Watch

BIOCON is on the upside while LUPIN is on the downside.

BIOCON is currently quoting at Rs.671.50 up by Rs 8.50 or 1.28% from its previous closing of Rs.663.00 on the NSE. The scrip opened at Rs.664.70 & has touched a high & low of Rs.671.90 and Rs.660.10 respectively. So far 11,85,290(NSE) shares were traded on the counter. The current market cap of the company is Rs 40,320.00 Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 718.00 on 26-SEP-2018 & a 52 week low of Rs.543.30 on 26-JUL-2018.

LUPIN is currently quoting at Rs.865.00 down by Rs.-1.65 or -0.19% from its previous closing of Rs.866.65 on the NSE. The scrip opened at Rs.866.00 & has touched a high & low of Rs.872.40 and Rs.851.00 respectively. So far 12,58,723(NSE) shares were traded on the counter. The current market cap of the company is Rs.39,051.63 cr. The BSE/NSE group stock has touched a 52 week high of Rs 986.10 on 10-SEP-2018 & a 52 week low of Rs 723.65 on 15-May-2018.

Share Market News 21-January-2019

Sensex climbs for 5th day; Nifty above 10,950; RIL gains 4%

Indian Equity Benchmark indices started the week on a flat note, Nifty above 10,900 level. The Sensex was up by 30.57 points at 36417.18, while Nifty was down 0.40 points at 10906.60. Among sector compiled by NSE advanced, led by the Pharma Index’s 0.42 percent gain. While, the Nifty Realty Index was the top sectoral loser, down 0.34 percent. The market breadth was inclined in the favor of buyers.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex rose by 0.59 percent or 216.31 points to 36602.92 and the NSE Nifty 50 Index was up by 0.48 percent or 52.10 points to 10,959.05. Among sector reality, auto was trading in red, While, pharma, energy, IT was in green. In a Broder Market, NSE mid-cap was down by 0.30% and smallcap indices were trading lower by 0.38%, respectively.

In the last hour of trade, Indian equity benchmarks continued to trade higher, Nifty was trading at 10970. Indian shares grew today but ended off day’s high, supported by strong gains in heavyweight Reliance Industries., The Sensex rose 0.53 percent or 192.35 points to 35,578.96 and the NSE Nifty 50 Index climbed 0.50 percent or 54.90 points to 10,961.85. Among sectors energy, IT and pharma indices led the gainers, while auto, infra, FMCG and metal indices ended in the red. The Mid- and small-cap Index’s underperformed their larger peers as the MidCap Index fell 0.6 percent and the SmallCap Index declined 0.7 percent., respectively.

Top Gainers

RELIANCE by 4.28% to Rs 1,235.00. , KOTAKBANK by 2.73% to Rs 1,274.00, BAJAJFINSV by 2.08% to Rs 6,380.00., SUNPHARMA by 2.00% to Rs 398.55., BAJFINANCE by 1.77% to Rs 2,588.00.

Top Losers

HEROMOTOCO By -3.99% to Rs 2,783.00, YESBANK by -3.73% to Rs 191.20, WIPRO by -2.80% to Rs 336.45, MARUTI by -2.31% to Rs.7,188.00, BAJAJ-AUTO by -1.79% to Rs.2,672.00.

Analysis Of Top Gainer And Loser

RELIANCE is the top gainer in today's market, on the back of strong result and recent re-rating in stock by numerous broking house help company to soar for the 2nd consecutive day.

Reliance Industries Ltd's numbers in Q3FY19 beat the consensus estimates on all fronts. Revenue grew 55.9% YoY to Rs1,71,336cr against Rs1,09,905cr in Q3FY18. EBITDA for the quarter grew 20% YoY to Rs23,801cr against Rs19,837cr last year. EBITDA margin declined 416bps YoY to 13.9%. Net profit for the quarter grew 8.8% YoY to Rs10,251cr against Rs9,420cr last year, beating the estimate of Rs9,523cr.

HEROMOTOCO is the top loser in today's market, In today’s trade The Auto sector witnesses heavy sell-off lead by HEROMOTOCO plunged by nearly 4%

Key Market News

  • China Q4 GDP growth at 6.4% Fourth-quarter gross domestic product (GDP) rose at the slowest pace since the global financial crisis, easing to 6.4 percent from 6.5 percent in the third quarter, data from the National Bureau of Statistics showed on Monday.
  • Goldman Sachs sees RBI rate cut next month as inflation slows.
  • ISMA Cuts 2018-19 Sugar output to 30.7 mn tn from 31.5mn tn.
  • Foreign investors have pulled out more than Rs 4,000 crore from the Indian capital markets so far in January, highlighting their cautious stance towards the country.
  • India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, according to a report by global consultancy firm PwC.
  • The forex reserves continued its upward march and increased by USD 1.267 billion to USD 397.351 billion in the week to January 11, aided by a rise in core currency assets and value of gold.
  • As per a report by global consultancy firm PwC, India is likely to move ahead of the United Kingdom in the world’s largest economy rankings in 2019.

Stocks To Watch

INFY is on the upside while WIPRO is on the downside.

INFY is currently quoting at Rs.743.25 up by Rs 12.30 or 1.68% from its previous closing of Rs.730.95 on the NSE. The scrip opened at Rs.738.20 & has touched a high & low of Rs.751.00 and Rs.734.00 respectively. So far 81,29,422(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,24,481.32 Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 754.90 on 01-OCT-2018 & a 52 week low of Rs.545.10 on 14-FEB-2018.

WIPRO is currently quoting at Rs.336.45 down by Rs.-9.70 or -2.80% from its previous closing of Rs.346.15 on the NSE. The scrip opened at Rs.340.15 & has touched a high & low of Rs.340.00 and Rs.333.20 respectively. So far 1,56,20,297(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,52,721.33 cr. The BSE/NSE group stock has touched a 52 week high of Rs 347.50 on 18-JAN-2018 & a 52 week low of Rs 253.50 on 06-JUN-2018.

Share Market News 17-January-2019

Market Ends On A Flat Note Ahead of RIL Results.

Indian Equity benchmarks Indices started the day on a positive note, with the Nifty was trading above 10,900 level. The Sensex was up 137.17 points at 36458.46, while Nifty up by 36.40 points at 10926.70. All the sector compiled by NSE advanced led by the Pharma Index's 0.47 % gain. The market breadth was inclined in the favor of buyers. The Midcap index was up 0.35 percent.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex rose by 0.26 percent or 96.18 points to 36417.47 and the NSE Nifty 50 Index was up by 0.26 percent or 28.50 points to 10,918.80. Among sector Media, PSU Bank was trading in red, While, reality, IT, energy was in green. The NSE mid-cap was up by 0.25% and smallcap indices were trading higher by 0.06%, respectively.

In the last hour of trade, Indian equity benchmarks decline, Nifty was trading at 10870. Indian equity benchmarks rose for the third day in a row, The Sensex was up 52.79 points at 36374.08, while Nifty was up 14.90 points at 10,905.20. Among the sector pharma and PSU bank stocks were under pressure, while some buying was seen in the IT stocks. The NSE mid-cap was up by 0.28 % and smallcap indices were trading higher by 0.23%, respectively

Top Gainers

GAIL by 2.23% to Rs 332.75. , BPCL by 1.99% to Rs 354.75, INFRATEL by 1.78% to Rs 280.75., AXISBANK by 1.64% to Rs 674.90., HCLTECH by 1.55% to Rs 952.80.

Top Losers

SUNPHARMA By -6.61% to Rs 423.80, YESBANK by -3.70% to Rs 200.65, ZEEL by -2.50% to Rs 440.80,EICHERMOT by -1.93% to Rs.20,335.00, SBIN by -1.90% to Rs.297.40.

Analysis Of Top Gainer And Loser

GAIL is the top gainer in today's market, As Bhuwan Chandra Tripathi, Chief Managing Director (CMD) is likely to get his tenure extended as the Chairman of state-run GAIL after his second five-year term ends in July this year. Oil Minister Dharmendra Pradhan has backed increasing Tripathi’s term until his retirement, which is due in January 2020.

SUNPHARMA is the top loser in today's market, The company has witnessed heavy dumping in stock in last one and a half - two hours.

Key Market News

  • Foreign portfolio investors (FPIs) sold Rs 90 crore worth of domestic stocks on Wednesday, DIIs were net buyers to the tune of Rs 304 crore.
  • US oil prices inched down on Thursday, with traders worried about the strength of demand in the United States after gasoline stockpiles there grew last week by far more than analysts had expected.
  • The government on January 16 eased the procedure for seeking income tax exemption by startups on investments from angel funds and prescribed a 45-day deadline for a decision on such applications.
  • Markets regulator Sebi has decided to allow mutual funds to write call options subject to certain conditions. Sebi said mutual fund schemes (except Index Funds and ETFs) can write call options only under a covered call strategy for constituent stocks of Nifty 50 and Sensex indices.
  • The Reserve Bank of India relaxed offshore borrowing rules for companies and financial institutions on Wednesday, a move that is likely to boost the rupee exchange rate. Indian borrowers can now raise funds from offshore markets for at least three years without any ceiling on the amount.
  • U.S. Crude Oil Inventories reported -2.683M.

Stocks To Watch

M&M is on the upside while SBIN is on the downside.

M&M is currently quoting at Rs.734.50 up by Rs 8.25 or 1.14% from its previous closing of Rs.726.25 on the NSE. The scrip opened at Rs.729.00 & has touched a high & low of Rs.740.00 and Rs.727.95 respectively. So far 33,18,430(NSE) shares were traded on the counter. The current market cap of the company is Rs 91,281.41Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 993.00 on 29-AUG-2018 & a 52 week low of Rs.694.00 on 11-DEC-2018.

SBIN is currently quoting at Rs.297.40 down by Rs.-5.75 or -1.90% from its previous closing of Rs.303.15 on the NSE. The scrip opened at Rs.303.90 & has touched a high & low of Rs.304.35 and Rs.295.60 respectively. So far 1,59,74,634(NSE) shares were traded on the counter. The current market cap of the company is Rs.2,65,372.61r. The BSE/NSE group stock has touched a 52 week high of Rs 332.75 on 25-JAN-2018 & a 52 week low of Rs 232.35 on 23-MAR-2018.

Share Market News 16-January-2019

Sensex, Nifty End On A Flat Note; IT, Energy Stocks Gain

Indian equity benchmarks extended gains for the second day. Nifty reclaiming 10,900. The Sensex is up 72.82 points or 0.20% at 36391.15, and the Nifty up 22.90 points or 0.21% at 10909.70. Except for pharma, all other sectoral indices are trading in the green, led by the Media Index. The market breadth was inclining in favor of buyers. The Nifty Midcap index was up to one-fifth of a percent.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex rose by 0.21 percent or 74.55 points to 36392.88 and the NSE Nifty 50 Index was up by 0.20 percent or 21.75 points to 10,908.55. Among sector Metal, FMCG, Auto were trading in red, While PSU bank, energy, infra was in green. the NSE midcap was up by 0.28 % and smallcap indices were trading higher by 0.38%, respectively.

In the last hour of trade, Nifty was trading at 10880 Mark. Equity Benchmark indices ended the volatile day on a flat note, The Sensex was up 2.96 points at 36321.29, while Nifty was up 3.50 points at 10890.30. Among sector compiled by NSE ended higher led by energy, IT. While NSE Fast Moving Consumer Goods Index was the top loser. The small-cap stocks outperformed their larger peers as the S&P BSE SmallCap Index rose 0.14 percent.

Top Gainers

IBULHSGFIN by 2.66% to Rs 830.40. , YESBANK by 2.36% to Rs 207.80, WIPRO by 2.18% to Rs 337.00., INDUSINDBK by 1.99 % to Rs 1,524.90., BPCL by 1.58% to Rs 347.10.

Top Losers

JSWSTEEL By -1.97% to Rs 286.35, BHARIARTL by -1.57% to Rs 332.45, BAJFINANCE by -1.50% to Rs 2,565.05,UPL by -1.43% to Rs.764.85, ASIANPAINT by -1.28% to Rs.1,388.00.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market, AS The Reserve Bank of India (RBI) on Tuesday said it would inject Rs 10,000 crore into the system through the purchase of government securities on January 17 to increase liquidity. The purchase will be made through open market operations (OMOs).

JSWSTEEL is the top loser in today's market, As JSW Steel is unlikely to bid for Uttam Value Steels and Uttam Galva Metaliks.

Key Market News

  • India's merchandise trade deficit was at a 10-month low of $13.08 billion in December as compared with $16.7 billion in November. The deficit was $14.20 billion in December 2017.
  • Merchandise exports growth was flat at $27.93 billion in December, up 0.34 percent on-year, mainly due to negative growth in gems and jewelry and engineering products.
  • The Reserve Bank of India (RBI) on Tuesday said it would inject Rs 10,000 crore into the system through the purchase of government securities on January 17 to increase liquidity. The purchase will be made through open market operations (OMOs).
  • British lawmakers defeated Prime Minister Theresa May’s deal on withdrawing from the European Union, prompt political chaos that could lead to a disorderly exit from the EU or even to a U-turn of the 2016 decision to leave.
  • Sebi may soon tighten norms for liquid funds, the most popular mutual fund product among institutional investors with average assets under management of over Rs 6 lakh crore. Some of the proposals that the capital market regulator is considering for liquid schemes are mandatory minimum investments in short-term government bonds and stricter valuation norms.
  • Foreign portfolio investors (FPIs) bought Rs 159.60 crore worth of domestic stocks on Monday, DIIs were net buyers to the tune of Rs 417.44 crore.
  • U.K. Consumer Price Index (CPI) YoY reported 2.1%.
  • RESULT UPDTAE : - Zee Entertainment (YoY)
    - Revenue up 18 percent at Rs 2,167 crore.
    - Net profit up 51 percent at Rs 563 crore.
    - Ebitda up 27 percent at Rs 753 crore.
    - Margin at 34.8 percent versus 32.3 percent.

Stocks To Watch

LUPIN is on the upside while JSW STEEL is on the downside.

LUPIN is currently quoting at Rs.860.50 up by Rs 10.80 or 1.27% from its previous closing of Rs.849.70 on the NSE. The scrip opened at Rs.850.40 & has touched a high & low of Rs.865.50 and Rs.854.10 respectively. So far 16,81,504(NSE) shares were traded on the counter. The current market cap of the company is Rs 39,022.23Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 986.10 on 10-SEP-2018 & a 52 week low of Rs.723.65 on 15-MAY-2018.

JSW STEEL is currently quoting at Rs.286.35 down by Rs.-5.75 or -1.97% from its previous closing of Rs.292.10 on the NSE. The scrip opened at Rs.292.05 & has touched a high & low of Rs.293.25 and Rs.285.35 respectively. So far 37,52,037(NSE) shares were traded on the counter. The current market cap of the company is Rs.69,374.23Cr. The BSE/NSE group stock has touched a 52 week high of Rs 427.55 on 21-SEP-2018 & a 52 week low of Rs 265.60 on 06-FEB-2018.

Share Market News 15-January-2019

Hopes of Rate Cut Brings Bulls Back to the markets, Nifty climbs to 10,850

Indian equity benchmarks gained in the opening session today after declining for three consecutive days. The Sensex was up 98.98 points or 0.28% at 35952.54, and the Nifty down 53.80 points or 0.50% at 10683.80. The market breadth was inclining in favor of buyers. About 939 stocks advanced and 466 shares declined on the National Stock Exchange. All the sector compiled by NSE surged, led by the NSE Nifty Media Index’s 0.77 percent gain.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex surge by 1.13 percent or 406.79 points to 36260.35 and the NSE Nifty 50 Index was up by 1.13 percent or 120.85 points to 10,858.45. All sectorial gauge was trading in the green lead by IT up by 2.77%, followed by Reality, energy & media. the NSE midcap was up by 0.70 % and smallcap indices were trading higher by 0.98%, respectively.

In the last hour of trade, Indian equity benchmarks continued to trade higher, Nifty was trading at 10850 Mark. Indian equity benchmarks surged on rate cut hopes after inflation cooled down to the lowest level, the Sensex was up 464.77 points or 1.30% at 36318.33, while the Nifty was higher by 149.20 points or 1.39% at 10886.80. All sector indices ended in the green, with maximum buying visible among IT and energy names, while metals and banks, too, closed with highest gains. The BSE midcap and smallcap indices were up by 0.67% and 1.13%, respectively.

Top Gainers

WIPRO by 5.49% to Rs 329.70. , YESBANK by 4.07% to Rs 203.30, TECHMAHINDRA by 3.85% to Rs 706.00., INFOSYS by 3.76 % to Rs 728.30., RELIANCE by 3.11% to Rs 1,130.95.

Top Losers

MARUTI By -0.81% to Rs 7,349.00,POWERGRID by -0.10% to Rs 192.30, ICICIBANK by -0.09% to Rs 373.00,INFRATEL by -0.04% to Rs.280.00.

Analysis Of Top Gainer And Loser

WIPRO is the top gainer in today's market, Shares of the Bengaluru-based information technology company rose as much as 6 %. A company is considering a proposal to issue bonus shares, the second such by the software services provider in the last two years.

MARUTI is the top loser in today's market, As the company witnessed lack of buying interest as compared with overall market.

Key Market News

  • Foreign portfolio investors (FPIs) sold Rs 732.46 crore worth of domestic stocks on Monday, While DIIs were net buyers to the tune of Rs 527.49 crore.
  • The rupee Monday plunged by 43 paise to close at nearly one-month low of 70.92 amid weak industrial output growth data, fall in domestic equities and sustained foreign fund outflows.
  • Brexit deal vote tomorrow: UK Prime Minister Theresa May must win a vote in Parliament to get her Brexit deal approved, or risk seeing Britain’s exit from the European Union decline into chaos.
  • Index of Industrial Production slumped to a mere 0.5% in the month of November after a high of 8.1 in the preceding month. Consumer Price Index, on the other hand, eased for a 6th straight month to 2.19% from a high of 5% in June.
  • China indicating more prompt measures to soften the blow from an ongoing tariff war with the United States, A relief in trade-sensitive tech, mining, and car stocks as some results also impressed.

Stocks To Watch

AUROPHARMA is on the upside while DISH TV is on the downside.

AUROPHARMA is currently quoting at Rs.786.55 up by Rs 16.35 or 2.12% from its previous closing of Rs.770.20 on the NSE. The scrip opened at Rs.774.00 & has touched a high & low of Rs.788.95 and Rs.771.10 respectively. So far 18,84,570(NSE) shares were traded on the counter. The current market cap of the company is Rs 46,008.39Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 830.45 on 04-DEC-2018 & a 52 week low of Rs.527.00 on 04-JUN-2018.

DISH TV is currently quoting at Rs.39.95 down by Rs.-1.70 or -4.52% from its previous closing of Rs.37.65 on the NSE. The scrip opened at Rs.37.65 & has touched a high & low of Rs.38.00 and Rs.35.65 respectively. So far 1,27,00,641(NSE) shares were traded on the counter. The current market cap of the company is Rs.6,637.72Cr. The BSE/NSE group stock has touched a 52 week high of Rs 82.35 on 12-APR-2018 & a 52 week low of Rs 32.20 on 10-DEC-2018.

Share Market News 14-January-2019

Sensex Ends 156 Points Lower; Nifty Settles Below 10,750.

Equity Benchmark indices were opened on a lower note The Nifty is trading around 10,750. The Sensex is down 139.52 points or 0.39% at 35870.32, and the Nifty down 44.20 points or 0.41% at 10750.80. The market breadth was inclining in favor of sellers. About 850 stocks declined and 574 shares advanced on the National Stock Exchange.except for pharma, all other sector indices were trading in red, with selling visible among banks, auto, consumption, and infra sectors.

In the afternoon session, Indian equity benchmarks were trading lower. The BSE Sensex down by 0.68 percent or 243.45 points to 35,766.39 and the NSE Nifty 50 Index declined by 0.73 percent or 78.75 points to 10,716.20. except for pharma, all other sector indices were trading in red, with maximum pain visible among banks, metal, and infra sectors. The broader markets, the NSE midcap was down by 0.71 % and smallcap indices were trading lower by 0.50%, respectively.

In the last hour of trade, Nifty was hovering around 10720 Mark. Indian equity benchmarks ended negative, the Sensex was down 156.28 points or 0.43% at 35853.56, and the Nifty down 57.40 points or 0.53% at 10737.60. Among sectors compiled by BSE ended lower led by Capital Goods Index's 1.93 percent decline. While, Healthcare Index was the top gainer, up 0.38 percent. The BSE midcap and smallcap indices fell 0.44 % and 0.5%, respectively.

Top Gainers

YESBANK by 5.83% to Rs 195.00. , INFY by 2.60% to Rs 701.30, SUNPHARMA by 1.60% to Rs 451.50., BAJFINANCE by 1.46 % to Rs 2,551.00., MARUTI by 1.43% to Rs 7,425.00.

Top Losers

WIPRO By -4.93% to Rs 312.50,GAIL by -3.96% to Rs 325.20, IBULHSGFIN by -3.27% to Rs 789.45 ,TECHM by -2.77% to Rs.679.85 ,LT by -2.56% to Rs.1,334.50.

Analysis Of Top Gainer And Loser

YES Bank is the top gainer in today's market, Shares of YES Bank surged nearly 5 percent on Monday as the bank appointed Brahm Dutt as its non-executive chairman. Dutt been on the board of the bank since July 2013 as an independent director and has contributed to almost all the sub-committees of the board over the past 5 years and a half

WIPRO is the top loser in today's market, company witnesses a selling pressure, surged nearly 5% in a day.

Key Market News

  • India Industrial Production YoY reported lower than expected stood at 0.5 %, Expected 4.1%.
  • December WPI inflation at 3.8 percent versus 4.64 percent, MoM, and 3.58 percent YoY.
  • U.S. Core Consumer Price Index (CPI) MoM reported 0.2%.
  • Foreign portfolio investors (FPIs) sold Rs 687.20 crore worth of domestic stocks, While DIIs were net buyers to the tune of Rs 123.17 crore
  • The finance ministry and the Reserve Bank of India are expected to soon suggest some relaxation in the prompt corrective action (PCA) framework for stressed banks.

Stocks To Watch

MINDTREE is on the upside while WIPRO is on the downside.

MINDTREE is currently quoting at Rs.853.30 up by Rs 21.30 or 2.56% from its previous closing of Rs.832.00 on the NSE. The scrip opened at Rs.838.00 & has touched a high & low of Rs.857.85 and Rs.830.00 respectively. So far 23,09,396(NSE) shares were traded on the counter. The current market cap of the company is Rs 13,982.83Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 1,183.80 on 11-SEP-2018 & a 52 week low of Rs.615.00 on 17-JAN-2018.

WIPRO is currently quoting at Rs.312.50 down by Rs.-16.20 or -4.93% from its previous closing of Rs.328.70 on the NSE. The scrip opened at Rs.330.05 & has touched a high & low of Rs.331.10 and Rs.311.35 respectively. So far 69,13,323(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,41,791.57Cr. The BSE/NSE group stock has touched a 52 week high of Rs 343.95 on 13-DEC-2018 & a 52 week low of Rs 253.50 on 06-JUN-2018.

Share Market News 10-January-2019

Sensex Ends 106 Points Lower, Nifty manages to hold 10,800

Indian equity benchmarks opened flat on Thursday morning, with TCS reporting its results later today. The Sensex is down 49.87 points or 0.14% at 36163.04, and the Nifty down 20.30 points or 0.19% at 10834.90. Six of 11 sectors compiled NSE was trading lower led by the Private Bank Index's 0.41 percent decline. While, Nifty Auto Index was the top gainer, up 0.31 percent. The Nifty Midcap index was trading flat respectively.

In the afternoon session, Indian equity benchmarks were trading lower. The BSE Sensex down by 0.21 percent or 77.80 points to 36,135.11 and the NSE Nifty 50 Index declined by 0.29 percent or 31.15 points to 10,824.00. Among sector Auto, media, the reality was trading in Green, While Niftybank, energy, pharma was in red. The broader markets, the NSE midcap was up by 0.35 % and smallcap indices were trading higher by 0.12%, respectively.

In the last hour of trade, Nifty was hovering around 10800. Indian equity benchmarks ended negative, the Sensex was down 106.41 points or 0.29% at 36106.50, and the Nifty down 33.60 points or 0.31% at 10821.60. Among the sector indices on BSE, consumer durables, health care, and capital goods grew most, on the flip side oil and gas, banks, energy, and finance led losses. The BSE midcap and smallcap indices rose 0.5% and 0.2%, respectively.

Top Gainers

TITAN by 1.58% to Rs 968.00. , TATAMOTORS by 1.34% to Rs 185.50, EICHERMOT by 1.18% to Rs 20,530.00., BAJAJ-AUTO by 1.00% to Rs 2,724.00., HTPC by 0.99% to Rs 148.00.

Top Losers

HINDPETRO By -2.76% to Rs 232.40,INDUSINDBK by 2.42% to Rs 1,563.00, GRASIM by -1.95% to Rs 819.00 ,INFRATEL by -1.84% to Rs.285.00 ,MARUTI by -1.68% to Rs.7,367.00.

Analysis Of Top Gainer And Loser

TITAN is the top gainer in today's market, Titan Co. Ltd’s pre-quarterly update for the December quarter brought cheers for investors. The company said there was good growth momentum across all its businesses in the seasonally strong third quarter. The company said it expects the full-year growth in its jewelry business to be around 22%. This assumes 29% sales growth in the second half of 2018-19.

HINDPETRO is the top loser in today's market, company witnesses a selling pressure, surged nearly 3% in a day amid crude oil posted the gains.

Key Market News

  • The Budget session of Parliament is likely to be held from Jan. 31 to Feb. 13 and the interim Budget is expected to be presented on Feb. 1, The Budget session, which normally happens in two phases, is likely to be held in a single phase as the general elections are due in April-May this year.
  • Bank of Japan Governor Haruhiko Kuroda told on Thursday that the country’s economy was expected to continue expanding moderately. He also said Japan’s financial system remained stable.
  • Federal Reserve policymakers have indicated that they may be open to modifying a longstanding plan to shrink the central bank’s balance sheet, including by discarding housing-backed bonds earlier than anticipated or keeping a bigger-than-expected portfolio of assets.
  • China’s commerce ministry given a statement on Thursday that trade talks with the United States this week were extensive and detailed, and established a foundation for the resolution of each others’ concerns.

Stocks To Watch

TITAN is on the upside while INFRATEL is on the downside.

TITAN is currently quoting at Rs.968.00 up by Rs 15.05 or 1.58% from its previous closing of Rs.952.95 on the NSE. The scrip opened at Rs.950.40 & has touched a high & low of Rs.969.40 and Rs.948.55 respectively. So far 24,50,895(NSE) shares were traded on the counter. The current market cap of the company is Rs 85,715.75Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 999.70 on 18-APR-2018 & a 52 week low of Rs.732.30 on 09-OCT-2018.

INFRATEL is currently quoting at Rs.285.00 down by Rs.-5.35 or -1.84% from its previous closing of Rs.290.35 on the NSE. The scrip opened at Rs.290.10 & has touched a high & low of Rs.290.40 and Rs.281.60 respectively. So far 36,72,383(NSE) shares were traded on the counter. The current market cap of the company is Rs.52,797.07 Cr. The BSE/NSE group stock has touched a 52 week high of Rs 378.50 on 15-JAN-2018 & a 52 week low of Rs 242.25 on 04-OCT-2018.

Share Market News 09-January-2019

Last hour Rally helps Sensex To Clock Longest Winning Streak In Last Three Weeks

Indian equity benchmarks rose sharply on Wednesday morning, following gains in Asian shares, supported by growing hopes on the progress of trade talks between Washington and Beijing. The Sensex is up 210.98 points or 0.59% at 36191.91, and the Nifty up 54.10 points or 0.50% at 10856.30. All sector gauges compiled by NSE were trading higher led by Banks, automobiles, and pharmaceutical. Mid- and small-cap shares were also witnessing buying interest MidCap Index rose 0.5 percent and the SmallCap Index advanced by 0.4 percent.

In the afternoon session, Indian equity benchmarks continued to trade higher. The BSE Sensex up by 0.46 percent or 165.30 points to 36,146.23 and the NSE Nifty 50 Index rose by 0.32 percent or 34.40 points to 10,836.55. Among sector Auto, IT, FMCG, Nifty Bank was trading in Green, While Infra, reality, metal was in red. The broader markets, the NSE midcap was down by 0.13 % and smallcap indices were trading lower by 0.04%, respectively.

In the last hour of trade, Indian equity benchmarks witnessed a selling pressure at day’s high, Nifty was trading lower at 10790. The Indian Equity benchmarks soar for the fourth day in a row, the Sensex closed 231.98 points, or 0.64%, up at 36,212.91, and the Nifty 50 ended 53 points, or 0.49%, higher at 10,855.15. Thirteen of 19 sectors ended higher led by the FMCG Index’s 1.11 percent gain. While, Oil & Gas Index was a top loser, down 1.74 percent. the BSE midcap and smallcap indices were down 0.04% and 0.17%, respectively.

Top Gainers

AXISBANK by 3.12% to Rs 671.20. , ITC by 2.55% to Rs 291.50, TATAMOTORS by 2.00% to Rs 183.55., UPL by 1.70% to Rs 765.00., HDFC by 1.65% to Rs 1,991.30.

Top Losers

HINDPETRO By -3.95% to Rs 238.15, GAIL by 3.84% to Rs 341.00, BPCL by -3.40% to Rs 340.00 ,YESBANK by -3.02% to Rs.186.55 ,ULTRACEMCO by -2.71% to Rs.3,810.10.

Analysis Of Top Gainer And Loser

AXISBANK is the top gainer in today's market, Axis Bank, under the new leadership of Amitabh Chaudhry, has begun the process of muscle its top deck by bringing in Yes Banks veteran retail banker Pralay Mondal and rearrange the portfolios of the existing staff.

HINDPETRO is the top loser in today's market, company witnesses a selling pressure, surged nearly 4% in a day amid crude oil posted the strongest rally.

Key Market News

  • The government announced a 25 percent hike in the rates it pays to print media outlets for carrying its advertisements ahead of crucial general assembly elections this year. The decision takes place with effect from today and will be valid for a period of three years.
  • Mutual Fund flows into equity-focused funds touched lowest in 30 months. Raised uncertainty in the stock market ahead of LokSabha elections later this year.
  • China plans to give domestic consumption a lift by introducing policies to boost domestic spending on items such as autos and home appliances this year.
  • RBI Assures Liquidity Support To Non-Bank Lenders When Required in a meeting held today with NBFC’s
  • World Bank cuts global growth outlook as trade expansion stumble.

Stocks To Watch

AUROPHARMA is on the upside while TATASTEEL is on the downside.

AUROPHARMA is currently quoting at Rs.756.85 up by Rs 10.30 or 1.38% from its previous closing of Rs.746.55 on the NSE. The scrip opened at Rs.749.00 & has touched a high & low of Rs.759.00 and Rs.742.40 respectively. So far 29,96,748(NSE) shares were traded on the counter. The current market cap of the company is Rs 44,309.26Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 830.45 on 04-DEC-2018 & a 52 week low of Rs.527.00 on 04-JUN-2018.

TATASTEEL is currently quoting at Rs.479.20 down by Rs.-12.15 or -2.47% from its previous closing of Rs.491.35 on the NSE. The scrip opened at Rs.488.95 & has touched a high & low of Rs.497.30 and Rs.475.25 respectively. So far 1,26,96,660(NSE) shares were traded on the counter. The current market cap of the company is Rs.54,928.63 Cr. The BSE/NSE group stock has touched a 52 week high of Rs 748.11 on 15-JAN-2018 & a 52 week low of Rs 475.25 on 09-JAN-2019.

Share Market News 08-January-2019

Banking And Telecom Stocks Turns Market Green, Sensex Up by 130 points

Indian equity benchmarks started flat on Tuesday morning, The Sensex is up 51.33 points or 0.14% at 35901.49, and the Nifty down 9.60 points or 0.09% at 10762.20. The market breadth was inclining in favor of sellers. Nine out of 11 sectors compiled by NSE fell, led by the Financial Services Index’s 0.49% decline. While, the Pharma Index was the top sectoral gainer, up 0.33 percent.

In the afternoon session, Indian equity benchmarks traded lower after a two-day rally. The BSE Sensex down by 0.05 percent or 16.15 points to 35,834.01 and the NSE Nifty 50 Index fell by 0.14 percent or 14.20 points to 10,756.90. Among sector Auto, pharma, Reality was trading in Green, While Energy, FMCG, IT was in red. The broader markets, the NSE midcap was down by 0.24 % and smallcap indices were trading lower by 0.11%, respectively.

In the last hour of trade, Nifty was Floating around 10800 Mark. The Indian Equity benchmarks bounced from day’s low & rose for the third day in a row, the Sensex was up 130.77 points or 0.36% at 35980.93, and the Nifty up 30.40 points or 0.28% at 10802.20. Among the sector indices, telecom and bank gained most at 1.3%. Pharma, metal also posted gains. On the other hand, capital goods, power, and realty fell. The midcap was down 0.16%, while the smallcap rose 0.17%.

Top Gainers

SUNPHARMA by 4.18% to Rs 448.80. , ICICIBANK by 3.35% to Rs 380.00, SBIN by 3.10% to Rs 305.50., TATAMOTORS by 2.71% to Rs 180.10., YESBANK by 2.46% to Rs 191.75.

Top Losers

ZEEL By -2.97% to Rs 449.20, UPL by 1.67% to Rs 751.00, KOTAKBANK by -1.49% to Rs 1,228.00 ,BPCL by -1.42% to Rs.350.50 , NTPC by -1.31% to Rs.146.65.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market, the Share price of Sun Pharmaceutical Industries gained more than 4 percent intraday Tuesday after brokerage house CLSA has maintained the buy on Sun Pharma.

ZEEL is the top loser in today's market, company witnesses selling pressure as lawsuits assert intellectual property rights, concentrating on allegations of the idea and format theft.1 "Zee Entertainment Enterprises Limited v. Sony Pictures Networks India Private limited and Ors

Key Market News

  • Foreign portfolio investors (FPIs) bought Rs 736.18 crore worth of domestic stocks on Monday. DIIs were net sellers to the tune of Rs 142 crore,
  • Gross domestic product (GDP) is forecast to grow 7.2 percent, up from 6.7 percent last year, according to the first, full-fiscal-year estimate released by the Central Statistics Office (CSO). Gross value added (GVA) growth is seen at 7 percent Vs 6.5 percent last year, according to the data released on Monday.
  • Government announces loans worth Rs 6139 Cr for ethanol production.
  • U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) posted 57.6, forecasted 59.6.
  • Germany Retail Sales MoM Reported 1.4%, forecasted 0.4%, Mutual funds’ Asset Under Management falls by 5% to Rs 22.85 lakh crore in December.

Stocks To Watch

BHARTI INFRATEL is on the upside while UPLL is on the downside.

BHARTI INFRATEL is currently quoting at Rs.297.15 up by Rs 3.40 or 1.16% from its previous closing of Rs.293.75 on the NSE. The scrip opened at Rs.292.70 & has touched a high & low of Rs.300.40 and Rs.290.00 respectively. So far 46,48,636(NSE) shares were traded on the counter. The current market cap of the company is Rs 54,517.20Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 378.50 on 15-JAN-2018 & a 52 week low of Rs.242.25on 04-OCT-2018.

UPLL is currently quoting at Rs.751.00 down by Rs.-12.75 or -1.67% from its previous closing of Rs.763.75 on the NSE. The scrip opened at Rs.763.50 & has touched a high & low of Rs.765.00 and Rs.748.00 respectively. So far 9,81,440(NSE) shares were traded on the counter. The current market cap of the company is Rs.38,315.30Cr. The BSE/NSE group stock has touched a 52 week high of Rs 828.50 on 24-JAN-2018 & a 52 week low of Rs 537.25 on 19-JUL-2018.

Share Market News 07-January-2019

Markets Move Ahead For the Second Day, Positive Global Cues Remains Key Driver

Indian equity benchmarks strengthened for the second day, as December-quarter corporate earnings season begins this week. The Sensex is up 266.96 points or 0.75% at 35962.06, while the Nifty is higher by 87.90 points or 0.82% at 10815.30. All sectors are trading in the green, with maximum buying was seen in metals, auto, consumption, as well as financials. The Nifty Midcap index is up around 0.70 percent. The market breadth was inclining in favor of buyers.

In the afternoon session, the Indian benchmark indices continued to trade higher. The BSE Sensex up by 0.74 percent or 262.51 points to 35,957.61 and the NSE Nifty 50 Index soar by 0.67 percent or 71.60 points to 10,798.95. Among sector Energy, Reality, IT, Metal were trading in Green, While Pharma was in red. The broader markets, the NSE midcap was up by 0.32 % and smallcap indices were trading higher by 0.47%, respectively.

In the last hour of trade, Nifty was hovering around 10800 Mark. The Indian Equity benchmarks have ended the day on a positive note, the Sensex was up 155.06 points or 0.43% at 35850.16, while the Nifty was higher by 44.40 points or 0.41% at 10771.80. Eight out of 11 sectors in NSE advanced, led by the Realty Index's 1.19 percent gain. While, the NSE Pharma Index was the top sectoral loser, down 0.58 percent. The BSE midcap and smallcap indices posted marginal gains and were up 0.03% and 0.06%, respectively.

Top Gainers

AXISBANK by 2.86% to Rs 637.30. , INFRATEL by 2.79% to Rs 293.00, TATAMOTORS by 2.40% to Rs 175.05., TITAN by 2.11% to Rs 948.00., GRASIM by 1.95% to Rs 821.85.

Top Losers

IBULHSGFIN By -4.56% to Rs 791.95, BAJAJ-AUTO by 2.92% to Rs 2,654.35, DRREDDY by -1.43% to Rs 2,562.90 ,YESBANK by -1.42% to Rs.186.95 , EICHERMOT by -1.37% to Rs.19,828.00.

Analysis Of Top Gainer And Loser

AXISBANK is the top gainer in today's market, Axis Bank, under the new leadership of Amitabh Chaudhry, has begun the process of muscle its top deck by bringing in Yes Bank’s veteran retail banker Pralay Mondal and rearrange the portfolios of the existing staff.

IBULHSGFIN is the top loser in today's market, company witnesses selling pressure from a higher level in today’s market.

Key Market News

  • The Reserve Bank of India (RBI), In the rule of new governor Shaktikanta Das is planning to transfer an interim dividend of up to Rs 30,000 crore to Rs 40,000 crore ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.
  • India FX Reserves (USD) recorded 393.40B. India Deposit Growth, posted 9.2%.
  • India Bank Loan Growth has been recorded at 15.1%.
  • US President Donald Trump told on Sunday that the talks with China were going very well and that weakness in the Chinese economy gave Beijing a cause to work toward a deal, U.S. officials are meeting in Beijing this week for the first face-to-face talks since Trump and China’s President Xi Jinping in December agreed to a 90-day truce in a trade war.
  • On Friday, Federal Reserve Chairman Jerome Powell hinted in a pause of interest rate hikes.
  • FY2019 Direct tax collection, Gross collection Rs 8.74 lakh Cr; Up 14.1% YoY . Refund Rs 1.30 Lakh Cr; up 17.1% YoY. Net collection after ( after adjusting for refund) Rs 7.43 Lakh crore, up 13.6% YoY.
  • The Union Cabinet has approved 10 percent reservation in jobs and educational institutions for the economically backward section in the general category, The reservation will be given to those economically backward poor people who are not availing the benefit of reservation as of now.

Stocks To Watch

BHARTI INFRATEL is on the upside while WIPRO is on the downside.

BHARTI INFRATEL is currently quoting at Rs.293.00 up by Rs 7.95 or 2.79% from its previous closing of Rs.285.05 on the NSE. The scrip opened at Rs.287.50 & has touched a high & low of Rs.295.15 and Rs.285.10 respectively. So far 54,53,037(NSE) shares were traded on the counter. The current market cap of the company is Rs 54,517.20Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 381.80 on 04-JAN-2018 & a 52 week low of Rs.242.25on 04-OCT-2018.

WIPRO is currently quoting at Rs.323.95 down by Rs.-0.50 or -0.15% from its previous closing of Rs.324.45 on the NSE. The scrip opened at Rs.326.10 & has touched a high & low of Rs.326.75 and Rs.322.30 respectively. So far 19,03,604(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,46,701.22Cr. The BSE/NSE group stock has touched a 52 week high of Rs 343.95 on 13-DEC-2018 & a 52 week low of Rs 253.50 on 06-JUN-2018.

Share Market News 03-January-2019

Sensex, Nifty Fall Over 1 %; Metal,auto decline.

Indian benchmark indices declined for a second straight day on Thursday, with the Nifty trading below 10,800. The Sensex is up 28.52 points or 0.08% at 35920.04, while the Nifty is down 2.20 points or 0.02% at 10790.30. Among sector compiled by BSE were trading lower led by the S&P BSE Oil & Gas Index's 1 percent decline. While, S&P BSE Realty Index was the top gainer, up 0.3 percent. Mid- and small-cap shares were trading flat.

In the afternoon session, the Indian benchmark indices continued to trade lower. The BSE Sensex down by 0.21 percent or 75.24 points to 35,816.28 and the NSE Nifty 50 Index down by 0.33 percent or 36.05 points to 10,756.45. Among sector Metal, Media, energy were trading in red, While FMCG, the reality was in green. The broader markets, the NSE midcap was up by 0.13 % and smallcap indices were trading down by 0.14%, respectively.

In the last hour of trade, Indian benchmark indices extended losses Nifty was trading at 10678.50. Indian benchmark indices declined around 1% following a selloff in Asian markets. The Sensex was down 377.81 points or 1.05% at 35513.71, and the Nifty lower by 120.20 points or 1.11% at 10672.30. Overall sell-off among sectors, financials, automobiles, and metals bled. Mid- and small-cap shares also witnessed pain as the BSE MidCap Index was down by 1 percent and the BSE SmallCap Index declined 0.6 percent.

Top Gainers

INFRATEL by 3.31% to Rs 273.00. , TITAN by 0.31% to Rs 935.00, HCLTECH by 0.28% to Rs 949.00., ASIANPAINT by 0.27% to Rs 1,387.00., BAJAJ-AUTO by 0.11% to Rs 2,695.00.

Top Losers

EICHERMOT is the top loser in today's market, Shares of the Delhi-based auto company extended losses for the 2nd consecutive day and fell as much as 4.22%, After Royal Enfield reported a 13 percent Shrink in sales on a yearly basis to 58,278 units in December, according to its stock exchange filing.

Analysis Of Top Gainer And Loser

INFRATEL is the top gainer in today's market, The company has witnessed a good buying interest.

EICHERMOT is the top loser in today's market, Shares of the Delhi-based auto company extended losses for the 2nd consecutive day and fell as much as 4.22%, After Royal Enfield reported a 13 percent Shrink in sales on a yearly basis to 58,278 units in December, according to its stock exchange filing.

Key Market News

  • The Nikkei Manufacturing Purchasing Managers’ Index declined to 53.2 in December from 54 in November.
  • The direct tax-to-GDP ratio of 5.98% achieved during 2017-18 is the best in the last 10 years, It was 5.57 percent in 2016-17 and 5.47 % in 2015-16.
  • The AUM of passively managed funds has crossed the Rs 1 lakh crore mark. While most of the funds continue to come from the mandatory contribution to the EPFO, financial planners point out that an increasing number of HNIs and retail investors have started pouring money into index funds and ETFs as actively managed funds in the large-cap space have failed to outperform their benchmarks.
  • The Union Cabinet approved the merger of Bank of Baroda, Vijaya Bank, and Dena Bank that will create India’s second-largest public-sector lender.
  • The Reserve Bank of India said it will form an eight-member expert committee include government representatives, bankers, and academicians to identify the issues and suggest a long-term solution for economic and financial sustainability of small businesses. The committee will be headed by UK Sinha, former chairman of Securities and Exchange Board of India.
  • Banks and shadow banks granted a one-time restructuring of loans of up to 250 million rupees ($3.6 million) to micro, small and medium enterprises (MSME) that were in default on Jan. 1, without having to mark them as nonperforming, Lenders are being given an supplement of 15 months (up to March 31, 2020) to pretend that these stressed loans are standard.
  • Germany Manufacturing Purchasing Managers Index (PMI) Recorded 51.5

Stocks To Watch

KNR Construction is on the upside while BHEL is on the downside.

KNR Construction is currently quoting at Rs.219.80, up by Rs 5.50 or 2.57% from its previous closing of Rs.214.30 on the NSE. The scrip opened at Rs.216.05 & has touched a high & low of Rs.229.50 and Rs.216.05 respectively. So far 7,74,175(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,086.55Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 339.80 on 12-Feb-2018 & a 52 week low of Rs.165.00 on 11-OCT-2018.

BHEL is currently quoting at Rs.70.70 down by Rs.-2.30 or -3.15% from its previous closing of Rs.73.00 on the NSE. The scrip opened at Rs.73.00 & has touched a high & low of Rs.73.00 and Rs.70.40 respectively. So far 80,83,906(NSE) shares were traded on the counter. The current market cap of the company is Rs.26,030.23Cr. The BSE/NSE group stock has touched a 52 week high of Rs 107.95 on 23-JAN-2018 & a 52 week low of Rs 61.70 on 11-DEC-2018.

Share Market News 02-January-2019

Sensex plunge 1%, Nifty ends below 10800 dragged by auto, metal stocks.

Indian benchmark indices had started the day on a lower note, with the Nifty falling nearly 70 points as stocks in Asian markets declined over slowing growth in China.BankNifty and the midcap index are in the red, while selling is visible among auto, metal, and pharma. The Sensex is down 146.02 points or 0.40% at 36108.55, and the Nifty down 65.80 points or 0.60% at 10844.30. The market breadth was leaning in favor of sellers.

In the afternoon session, the Indian benchmark indices continued to trade lower. The BSE Sensex down by 0.21 percent or 76.93 points to 36177.64 and the NSE Nifty 50 Index down by 0.31 percent or 33.55 points to 10,876.55. Among sector Auto, Metal, Media, Infra were trading in red, While IT, Bank nifty were in green. The broader markets, the NSE midcap and smallcap indices were trading up by 0.02% and 0.03%, respectively.

In the last hour of trade, Indian benchmark indices extended losses Nifty was trading at 10752.50. Indian benchmark indices declined taking negative cues from global markets, and as investors turned cautious ahead of corporate earnings beginning next week. The Sensex was down 363.05 points or 1.00% at 35891.52, while the Nifty down 117.60 points or 1.08% at 10792.50. Selling was visible among automobiles, banks, energy, metals, and pharmaceuticals. The BSE midcap and smallcap indices were down 1.26% and 0.74%, respectively.

Top Gainers

SUNPHARMA by 1.48% to Rs 439.95. , INFRATEL by 1.12% to Rs 265.20, TCS by 0.85% to Rs 1,919.00., ASIANPAINT by 0.62% to Rs 1,380.05., INFY by 0.44% to Rs 668.00.

Top Losers

EICHERMOT By -9.40% to Rs 21,014.00, JSWSTEEL by -5.44% to Rs 287.40, TATASTEEL by -4.51% to Rs 492.50 ,VEDL by -4.40% to Rs.193.20 , M&M by -4.24% to Rs.740.55.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market, SEBI having accepted some of Kotak Committee’s recommendations, Sun Pharma will be required to change course. As the company rethinks its governance structure, investors are better placed in proactively voicing their opinions on the following issue.

EICHERMOT is the top loser in today's market, Shares of the Delhi-based auto company extended losses and fell as much as 9.40%, After Royal Enfield reported a 13 percent Shrink in sales on a yearly basis to 58,278 units in December, according to its stock exchange filing.

Key Market News

  • Goods and Services Tax collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in the previous month. However, compliance improved during the month as the total number of sales returns or GSTR-3B filed in December stood at 72.44 lakh against 69.6 lakh filed in November.
  • The Reserve Bank of India has started a loan-restructuring window for micro, small and medium enterprises (MSMEs) for a year, yielding to a key demand of the government that had sought such a facility.
  • Market regulator Securities and Exchange Board of India (Sebi) has planned to implement mandatory physical settlement for all stock derivatives by October 2019. The new system will be implemented in three phases starting April.
  • The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for December, released on Wednesday, fell to 49.7 from 50.2 in November. The GST Council is scheduled to meet on January 10 to discuss lowering GST on under-construction flats and houses to 5 percent & hiking exemption threshold for small and medium enterprises.
  • Three of the big four auditors—EY, Deloitte and KPMG—auditing the debt-laden IL&FS and its affiliate firms are off the hook for now after a National Company Law Tribunal (NCLT) said the firms had not prepared the accounts, only audited them.India Infrastructure Output ,Reported 3.5% vs 4.8% YoY. India Foreign Debt (USD) ,recorded 510.4B vs 514.4B

Stocks To Watch

TITAN is on the upside while M&M is on the downside.

TITAN is currently quoting at Rs.931.50, up by Rs 3.50 or 0.38% from its previous closing of Rs.928.00 on the NSE. The scrip opened at Rs.923.30 & has touched a high & low of Rs.937.00 and Rs.923.30 respectively. So far 2,672,587(NSE) shares were traded on the counter. The current market cap of the company is Rs 82,741.67Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 999.70 on 18-APR-2017 & a 52 week low of Rs.732.30 on 09-OCT-2018.

M&M is currently quoting at Rs.740.55 down by Rs.-4.24 or -32.80% from its previous closing of Rs.773.35 on the NSE. The scrip opened at Rs.772.80 & has touched a high & low of Rs.772.80 and Rs.735.10 respectively. So far 1,05,96,260(NSE) shares were traded on the counter. The current market cap of the company is Rs.92,182.73Cr. The BSE/NSE group stock has touched a 52 week high of Rs 993.00 on 29-AUG-2018 & a 52 week low of Rs 694.00 on 11-DEC-2018.

 

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