18th Jan 2019 | 13:36 PM IST
18th Jan 2019 | 13:36 PM IST
The market witnessed a soft opening to the week and it seemed that it will be yet another dull week as we have seen the market moving in the range-bound over the last four-five week. Tuesday's trading session turned out to be the best trading session on the back of low levels of WPI and CPI inflation and given the hope of rate cut in the next monetary policy.
The D-streets focus was shifted to Q3 results, The companies have witnessed robust growth in revenue YoY, However, the overall PAT of these company declined marginally. Mid- Small company posting good result were rewarded by the investor going forward we can see the same as the company's fair value can be evaluated by the investor.
1)On Monday, 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.
2)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.
3)On Tuesday, Indian equity benchmarks surged on rate cut hopes after inflation cooled down to the lowest level, the Sensex was up 1.30% at 36318.33, while the Nifty was higher by 149.20 at 10886.80.
4)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.
5) On Wednesday, 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.
6) On Thursday, 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.
7. Benchmark indices started the day on the positive note with Nifty holding above 10,900 marks.
-Great Britain's parliament rejected Theresa May's Brexit's deal, Which means it will uphill task for her to complete the Brexit deal before the deadline of March 29,2019. Post this defeat the Brexit is most likely to get delayed, If Britain fails to strike a deal and leave EU without one, then it would result in new trade barrier due to which Britain would have to incur substantial losses.
-Wall Streetâ€™s major indexes hit highs as strong earnings from Bank of America Corp and Goldman Sachs Group and a report publishing that the United States was considering lifting tariffs on Chinese imports lifted investor sentiment. Asian shares also crept higher.
Shares of Dr. Lal path lab jumped more than 5 percent in a week as The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the Government's announcement of according 'industry status' to private hospitals, along with support for land acquisition, clearances and funding, to boost expansion of healthcare infrastructure in tier 2 and 3 cities. Dr. Lal PathLabs Ltd said, "The key to engaging more private healthcare organizations will be a viable model for their sustainability. The new hospitals which will be mandated to impanel under PMJAY should be allowed to charge other patients who can afford to pay as per market rates, as the current PMJAY package rates may not be sustainable to set up and run operations in such locations".
Shares of the Avenue Supermarts plunged more than 12 percent in a week after its profit for the December quarter came in flat as against a growth of 10-18 percent as expected by analysts. The operator of the D-Mart chain of stores reported a 2.1 percent year-on-year (YoY) rise in profit after tax (PAT) at Rs 257 crore for the December quarter. It had reported Rs 252 crore profit in the year-ago quarter. The flat growth in profit was mainly due to gross margin reduction on account of price cuts, the food and grocery retailer told the BSE
LUPIN & BIOCON is on the upside while SUNPHARMA is on the downside.
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