Higher Volatility In The Markets, Time To Gain Short Term Returns

weekly share market news and updates

Our Analysis

The Indian equity benchmark indices consolidated after new highs last week, the broader market has also lost the steam. The market was cautious due to rising crude oil prices led by OPEC's ongoing supply cuts & US sanctions against Iran and Venezuela.

Fear concerns on global economic growth after the IMF growth forecast to 3.3% for 2019 have also given the worries to investors. Which got reflected in the volatility index India VIX. This week VIX witnessed a sharp jump of over 15 percent to trade above the 21 marks which is the highest level of the calendar year 2019. However, looking at FII & PRO positions, we expect range-bound markets ahead (11550-11750).

Going ahead, a host of events are lined up which will keep the market participant at the edge of their seats. General elections to continue to remain in focus and will keep markets volatile in the near term. The result of IT majors Infosys and TCS is going to kick start the earnings sessions. Besides, important macroeconomic data IIP and CPI inflation are also scheduled. At the same time, We are also at the highest PE level historically. Globally, progress on US-Europe trade talk, the behavior of crude oil prices and fluctuation in currency, would further induce volatility in the markets.

This Weeks Market Highlights:

Benchmark Indices:

1) On Monday, Indian equity benchmarks indices ended lower Nifty to finished just above 11,600 level. The Sensex declined by 161.70 points at 38700.53, while Nifty down 61.50 points at 11604.50.

2) Among sector compiled by NSE fell, led by the Nifty Realty Indexs 2.19 percent fall. While, the Nifty IT Index was the only sectoral gainer, up 0.66 percent.

3) On Tuesday, Benchmark indices ended higher with Nifty above 11,650 level. the Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672.

4) Among sector compiled by NSE advanced, led by the Nifty PSU Bank Indexs 1.4 percent gain. While, the Nifty Media Index was the only sectoral loser, down 0.2 percent.

5) On Wednesday, Indian Benchmark indices finished at the days low, Nifty below 11,600 Mark. The Sensex declined by 353.87 points at 38585.35, and the Nifty down by 88.40 points at 11,583.60.

6) On Thursday, Indian Benchmark indices ended flat after a rangebound session. The Sensex rose 21.66 points to 38,607.01 and the Nifty50 gained 12.40 points at 11,596.70.
7) On Friday, Indian equity benchmarks opened higher With Nifty above 11,600.

Broader Index & Global Market:

- Globally, The US President Donald Trump threatened to impose a tariff on $11 billion worth of European Union product, and in response, the EU warned it to stand ready to retaliate. Meanwhile, on the Brexit front, The EU and UK agreed a 'flexible extension' until October 31, leaving doors open for an early exit if PM Theresa May manages to clinch a Brexit deal.

- In the broader market, The weakness continuous in Mid - Small cap space, Sectoral or stock specific performance action was seen and likely to remain as the earning session has been started off.

Movers & Shakers

Shares of Wipro Ltd. surged nearly 7 percent in a week after a report said, the company is likely to announce its largest buyback of Rs 12,000 crore ($1.7 billion) following the SEBI nod to the proposal. The buyback offer of 12,000 Cr will help wipro to improve its EPS , The shares are expected to be bought back at Rs 320 a piece the 14% premium to the shareholder. Its probably one of the good way to return the capital, whats that is surplus with the benefit of the tax.

Shares of Sterlite Technologies Ltd dropped nearly 7 percent in a week After Moodys Investors Service withdrew its credit rating for the company. Moodys has decided to withdraw the rating for its own business reasons, according to the website of the international credit rating agency.

Key Market Drivers

  • U.S. employment growth accelerated from a 17-month low in March, easing the fears of an abrupt slowdown in economic activity.
  • India's GDP is expected to expand by 7.5% in 2019-20: According to the World Bank.
  • The government had short fallen of Rs 50 thousand crores in its direct tax collection target of Rs 12 lakh crore for 2018-19, According to the senior finance ministry official Tuesday.
  • Govt meets the fiscal deficit target of 3.4% for FY'19.
  • India is likely to grow at 7.3% in 2019 and 7.5% in 2020: according to IMF.
  • The Department of Telecommunications has established a committee that may inspect contentious problem arising out of telecom companies that are going through the insolvency process.
  • Mutual funds finished the year with an 11.41 percent rise in their total AUM at Rs 23.80 trn in the year to March, from Rs 21.36 trn in the previous year, according to the industry data released Wednesday

Event Watch

International:

  • Japan Trade Balance.
  • China GDP YoY.
  • Markit US PMI Mfg.
  • China Trade Balance.
  • Crude & Currency Movement.

Domestic:

  • India CPI YoY.
  • India Industrial Prod YoY.
  • India WPI YoY.
  • India Trade Balance.
  • General election
  • Q4 Earning.

Stocks To Watch

IGL, Manappuram On Upside while Vedanta, Mahindra & Mahindra on Downside.

Share Market News 11-April-2019

Sensex, Nifty End Volatile Session on Flat Note; Nifty Ends marginally below 11,600

Indian share market started flat tracking losses in their Asian peers. the Sensex was down 8.36 points or 0.02% at 38576.99, and the Nifty down 1.40 points or 0.01% at 11582.90. All the sectoral compiled by NSE fell, led by the NSE Nifty Pharma Indexs 0.26 percent decline. While, the Nifty Realty Index was the top sectoral gainer, up 0.78 percent. The Indian rupee opened lower by paise at 69. 21 per dollar on Thursday against Wednesday's close 69.11.

In the afternoon session, The Indian share market indices were trading lower, Nifty was trading around 11,580, The Sensex was down by 35.97 points or 0.09% at 38,549.38 and the Nifty was down by 10.15 points or 0.09% at 11,574.15. Among Infra, Energy & Auto were trading higher while, Metal, reality & IT were trading in the red. In a Broder Market, NSE mid-cap was down by 0.36% and smallcap indices were trading lower by 0.15%, respectively.

Indian Share market Update in the last hour of trade, Nifty was trading at days low around 11550 Mark. Indian Benchmark indices ended flat after a rangebound session. The Sensex rose 21.66 points to 38,607.01 and the Nifty50 gained 12.40 points at 11,596.70. Among sector compiled by NSE ended lower, led by the Nifty Metal Indexs 1.2 percent decline. While, the Nifty Auto Index was the top sectoral gainer, up 0.53 percent. In the broader Market Update, the NSE MidCap Index was up by 0.09 percent and the NSE SmallCap Index was higher by 0.25 percent.

Hang Sang gave a dismal start to the day and other Asian indices also showed weakness. In India, Nifty consolidated after it made new highs last week. Broader indices are losing steam and the general sentiment among the participants was lackluster. General elections to continue to remain in focus and will keep markets volatile in the near term. The result of IT majors Infosys and TCS is going to kick start the earnings season tomorrow. Besides, important macroeconomic data IIP and CPI inflation are also scheduled.

Top Gainers

IBULHSGFIN by 2.54% to Rs 845.35. ,BHARTIARTL by 2.00% to Rs 346.80 ,BAJAJFINSV by 1.84% to Rs 7,560.00, BAJAJ-AUTO by 1.67% to Rs 2,992.10, DRREDDY by 1.56% to Rs 2,808.00.

Top Losers

VEDL By -3.79% to Rs 181.35, SUNPHARMA by -1.41% to Rs 465.30 ,POWERGRID by -1.36% to Rs 195.95 ,TECHM by -1.30% to Rs 780.00.,AXISBANK by -1.26% to Rs.751.25.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session after the continuous sell of in last 3 trading session the company witnessed a good interest from the lower level, the merger approval from RBI with Lakshmi Vilas banks is also been an overhang on the company.

VEDL is the top loser in today's market After London's Supreme Court said Zambian villagers can sue the company in England, The apex court of the UK dismissed Vedanta's appeal of a lower-court ruling that a case in which villagers alleged their land was polluted by a Vedanta unit could be heard in England.

Key Market News

  • The Department of Telecommunications (DoT) has set up a committee that will look into contentious issues arising out of telecom companies that are going through the insolvency process.
  • Mutual funds finished the year with an 11.41 percent rise in their total AUM at Rs 23.80 trn in the year to March, from Rs 21.36 trn in the previous year, according to the industry data released Wednesday.
  • Foreign portfolio investors (FPIs) bought Rs 1,429.92 crore worth of domestic stocks on Wednesday, DIIs were net buyers to the tune of Rs 461.29 crore.
  • U.K. Gross Domestic Product (GDP) YoY reported 2.0 %.

Stocks To Watch

RELIANCE is on the upside while AXISBANK is on the downside.

RELIANCE is currently quoting at Rs.1,350.00 up by Rs 18.60 or 1.40% from its previous closing of Rs.1,331.40 on the NSE. The scrip opened at Rs.1,332.95 & has touched a high & low of Rs.1,353.00 and Rs. 1,329.00 respectively. So far 57,41,333(NSE) shares were traded on the counter. The current market cap of the company is Rs 8,53,283.27Cr. The NSE/BSE group stock has touched a 52 week high of Rs.1,406.80 on 01-APR-2019 & a 52 week low of Rs.906.60 on 30-MAY-2018.

AXISBANK is currently quoting at Rs.751.25 down by Rs.-9.60 or -1.26% from its previous closing of Rs.760.85 on the NSE. The scrip opened at Rs.760.50 & has touched a high & low of Rs.761.35 and Rs.747.00 respectively. So far 53,65,803(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,93,410.33Cr. The BSE/NSE group stock has touched a 52 week high of Rs 787.65 on 28-MAR-2019 & a 52 week low of Rs 481.25 on 27-APR-2018.

Share Market News 10-April-2019

Weak Global Cues, HDFC Twins Dragged Market Lower, Sensex Down by 353 Points

Indian share market opened lowered with Nifty around 10,650 Mark amid losses in HDFC twins and TCS weighed on the index. the Sensex was down 60.01 points at 38879.21, while Nifty was down 19.10 points at 11,652.90. All the sectoral compiled by NSE declined, led by the Nifty Metal Indexs 0.6 percent fall. While, the Nifty IT Index was the top sectoral gainer, up 0.07 percent. The Indian rupee opened higher against the U.S. dollar. The home currency appreciated as much as 0.1 percent to 69.2 against the greenback.

In the afternoon session, The Indian share market indices were trading Lower, Nifty was trading around 11,650. HDFCBANK was down by 1.81 %. The Sensex was down by 67.04 points or 0.17% at 38,872.18 and the Nifty was down by 18.10 points or 0.16% at 11,653.85. Among Pharma, FMCG & Reality were trading higher while IT, Banks were trading in the red. In a Broder Market, NSE mid-cap was up by 0.05% and smallcap indices were trading higher by 0.52%, respectively.

Indian Share market Update in the last hour of trade, Nifty was trading around 11600 Mark. Indian Benchmark indices finished at the days low, Nifty below 11,600 Mark. The Sensex was down 353.87 points at 38585.35, and the Nifty was down 88.40 points at 11,583.60. Among sector compiled by NSE ended lower, led by the Financial Services Index's 1.13 percent fall. While, the Nifty Realty Index was the top sectoral gainer, up 1.13 percent. In the broader Market Update, the NSE MidCap Index was down by 0.28 percent and the NSE SmallCap Index was higher by 0.32 percent.

Market slid ahead of the start of the first phase of polling and renewed concern over global economic growth after IMF downgraded the growth forecast to 3.3% for 2019. Volatility is likely to remain high in the near term, hence we continue to remain cautious on the Indian market. Further, the trend of the market is likely to be dictated by domestic events like Q4FY19 earnings season and domestic macro data (IIP & CPI). Moreover, market participants would keenly watch the progress of central elections starting tomorrow. Globally, progress on US-Europe trade talk, the behavior of crude oil prices and fluctuation in currency, would further induce volatility in the markets.

Top Gainers

TATAMOTORS by 4.81% to Rs 215.80. ,CIPLA by 2.72% to Rs 546.45 ,WIPRO by 2.72% to Rs 281.25, ADANIPORTS by 1.13% to Rs 385.00, HINDUNILVR by 1.10% to Rs 1,699.00.

Top Losers

BHARTIARTL By -3.74% to Rs 338.45, HINDALCO by -2.56% to Rs 211.60 ,ASIANPAINT by -2.43% to Rs 1,409.70,TCS by -2.29% to Rs 2,043.65.,UPL by -2.22% to Rs.923.70.

Analysis Of Top Gainer And Loser

TATAMOTORS is the top gainer in today's market session after the companys group global wholesales including Jaguar Land Rover fell 5 percent on a yearly basis to 1.45 lakh units, according to its stock exchange filing, as the street was expecting lower than that numbers.

BHARTIARTL is the top loser in today's market After Bharti Airtel has paid spectrum dues to the government recently, officials in the Department of Telecommunications said.

Key Market News

  • The government had short fallen of Rs 50,000 crore in its direct tax collection target of Rs 12 lakh crore for 2018-19, According to the senior finance ministry official Tuesday.
  • Govt meets the fiscal deficit target of 3.4% for FY'19.
  • India is likely to grow at 7.3% in 2019 and 7.5% in 2020: according to IMF.
  • Foreign portfolio investors (FPIs) bought Rs 1,212.35 crore worth of domestic stocks on Tuesday, DIIs were net sellers to the tune of Rs 688.65 crore.

Stocks To Watch

UFLEX is on the upside while SBIN is on the downside.

UFLEX is currently quoting at Rs.243.00 up by Rs 4.00 or 1.67% from its previous closing of Rs.239.00 on the NSE. The scrip opened at Rs.241.45 & has touched a high & low of Rs.249.00 and Rs. 240.00 respectively. So far 2,22,406(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,774.24 Cr. The NSE/BSE group stock has touched a 52 week high of Rs.376.10 on 20-APR-2018 & a 52 week low of Rs.183.70 on 19-FEB-2019.

SBIN is currently quoting at Rs.310.70 down by Rs.-4.05 or -1.29% from its previous closing of Rs.314.75 on the NSE. The scrip opened at Rs.314.85 & has touched a high & low of Rs.317.05 and Rs.310.00 respectively. So far 1,92,37,974(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,77,733.91Cr. The BSE/NSE group stock has touched a 52 week high of Rs 339.65 on 28-MAR-2019 & a 52 week low of Rs 232.50 on 26-APR-2018.

Share Market News 09-April-2019

Sensex, Nifty End Higher; IT Stocks Surge

Indian share market was trading flat with Nifty below 10,600 Mark. the Sensex was down 78.46 points at 38,622.07, while Nifty was down 25.50 points at 11579 All the sectoral compiled by NSE declined, led by the Nifty Auto Indexs 0.43 percent fall. While, the NSE Nifty PSU Bank was the top sectoral gainer, up 0.27 percent. The Indian rupee opened higher against the U.S. dollar. The home currency appreciated as much as 0.14 percent to 69.57 against the greenback. Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and US sanctions on Iran and Venezuela.

In the afternoon session, The Indian share market indices were trading Lower, Nifty was trading at 11,583.95. The Sensex was down by 52.58 points or 0.14% at 38,647.95 and the Nifty was down by 20.55 points or 0.18% at 11,583.95. Among Pharma, FMCG & IT were trading higher while Media, Metal & PSU bank were trading in the red. In a Broder Market, NSE mid-cap was down by 0.76% and smallcap indices were trading lower by 0.55%, respectively.

Indian Share market Update in the last hour of trade, Nifty has cooled off from days high and was trading around 11630 Mark. Benchmark indices ended higher with Nifty above 11,650 level. the Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672. Among sector compiled by NSE advanced, led by the Nifty PSU Bank Indexs 1.4 percent gain. While, the Nifty Media Index was the only sectoral loser, down 0.2 percent. In the broader Market Update, the NSE MidCap Index was up by 0.14 percent and the NSE SmallCap Index was higher by 0.09 percent. The market gained after a rangebound movement in expectation of a turnaround in earnings growth led by Q4FY19 results starting this week, while positive global peers aided the market. Banks outperformed as outlook improved led by a reduction in stressed assets, repo rate and pick up in credit growth. But valuation is on a premium level while the start of the first phase of polling may bring volatility in the marke

Top Gainers

YESBANK by 4.50% to Rs 271.75. ,WIPRO by 4.19% to Rs 274.75 ,TATAMOTORS by 3.22% to Rs 207.00, COALINDIA by 2.70% to Rs 239.25, ICICIBANK by 2.60% to Rs 397.15.

Top Losers

IBULHSGFIN By -3.19% to Rs 831.95, ASIANPAINT by -3.11% to Rs 1,449.80 ,BHARTIARTL by -1.17% to Rs 350.80, INFY by -0.84% to Rs 760.80.,UPL by -0.64% to Rs.940.70.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market session after the private lender announced a fundraising plan by way of issuance of equity shares.

IBULHSGFIN is the top loser in today's market After a media report said Sameer Gehlaut will exit realty biz to focus on financial services business.

Key Market News

  • Foreign portfolio investors (FPIs) bought Rs 330 crore worth of domestic stocks on Monday, DIIs were net sellers to the tune of Rs 624 crore.
  • March Equity MF highest since October.
  • India's GDP expected to expand 7.5% in 2019-20: World Bank.
  • RBI issues norms for banks to set up currency chests.

Stocks To Watch

ICICIBANK is on the upside while ZEE MEDIA is on the downside.

ICICIBANK is currently quoting at Rs.397.15 up by Rs 10.05 or 2.60% from its previous closing of Rs.387.10 on the NSE. The scrip opened at Rs.387.40 & has touched a high & low of Rs.398.35 and Rs. 387.15. respectively. So far 1,32,06,348(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,55,854.87 Cr. The NSE/BSE group stock has touched a 52 week high of Rs.409.55 on 01-APR-2019 & a 52 week low of Rs.256.50 on 16-JUL-2018.

ZEE MEDIA is currently quoting at Rs.14.95 down by Rs.-1.45 or -8.84% from its previous closing of Rs.16.40 on the NSE. The scrip opened at Rs.16.45 & has touched a high & low of Rs.16.80 and Rs.14.85 respectively. So far 62,07,741(NSE) shares were traded on the counter. The current market cap of the company is Rs 706.18Cr. The BSE/NSE group stock has touched a 52 week high of Rs 40.20 on 09-APR-2018 & a 52 week low of Rs 11.50 on 06-FEB-2018.

Share Market News 08-April-2019

Nifty struggles,Sensex falls 161 points; India VIX above 20%

Indian share market started positively with Nifty above 10,700 Mark. the Sensex was up 102.10 points at 38964.33, while Nifty up 20.10 points at 11686.10. All the sectoral gauges compiled by NSE advanced, led by the Nifty Metal Indexs 0.63 percent gain. While, the Nifty Realty Index was the only sectoral loser, down 0.4 percent. The Indian rupee weakened today against US dollar tracking losses in its Asian currencies as traders awaited further details on a prospective US-China trade deal. Higher crude oil prices also dampened sentiment.

In the afternoon session, The Indian share market indices were trading at days low, Nifty was trading at 11,639.65. The Sensex was down by 39.42 points or 0.10% at 38,822.81 and the Nifty was down by 26.30 points or 0.23% at 11,639.65. Among sector, PSU Bank & media were trading higher while Energy, Reality & pharma were trading in the red. In a Broder Market, NSE mid-cap was down by 0.15% and smallcap indices were trading higher by 0.37%, respectively.

Indian Share market Update in the last hour of trade, Nifty was seen in the selling pressure, trading around 11600 Mark.HDFCBank & Reliance dragged the Indices lower. Indian equity benchmarks indices ended lower Nifty to finished just above 11,600 level. The Sensex was down 161.70 points at 38700.53, while Nifty was down 61.50 points at 11604.50. Among sector compiled by NSE fell, led by the Nifty Realty Indexs 2.19 percent fall. While, the Nifty IT Index was the only sectoral gainer, up 0.66 percent. In the broader Market Update, the NSE MidCap Index was down by 0.79 percent and the NSE SmallCap Index was lower by 0.54 percent.

The domestic market started this week on a weak note. Investors have turned cautious with crude oil prices rising to their highest level since November 2018, owing to OPECs ongoing supply cuts & US sanctions against Iran and Venezuela. Additionally, general elections and the start of Q4 earnings season is adding to the cautiousness, we may see some profit booking in the near-term given sharp run-up in markets

Top Gainers

TECHM by 1.45% to Rs 788.50. ,INFY by 1.30% to Rs 769.15 ,M&M by 1.28% to Rs 666.65, TCS by 1.24% to Rs 2,073.60, POWERGRID by 0.82% to Rs 197.90.

Top Losers

IBULHSGFIN By -4.76% to Rs 860.10, IOC by -4.01% to Rs 152.10 ,BAJFINANCE by -2.99% to Rs 3,021.00, VEDL by -2.69% to Rs 186.55.,YESBANK by -2.30% to Rs.260.70.

Analysis Of Top Gainer And Loser

TECHM is the top gainer in today's market session, With the continuous weakness in the INR The IT sector is in the focus as the buying interest was seen in the overall pack, TechM has been the top performer with the gain of 1.45% in a day.

IBULHSGFIN is the top loser in today's market after the private sector lender announced merger Lakshmi villas bank with non-banking finance company Indiabulls Housing Finance (IHF).

Key Market News

  • U.S. employment growth accelerated from a 17-month low in March, easing the fears of an abrupt slowdown in economic activity.
  • Finance Minister Arun Jaitley on Sat aforesaid India is likely to become the third largest economy within the world by 2030 with gross domestic product touching $10 trillion, helped by consumption and investment growth.
  • President Donald Trump urges the Fed to cut rates to ease pressure on an economy that he said they slowed down.
  • Foreign portfolio investors (FPIs) sold Rs 798 crore worth of domestic stocks on Friday, DIIs were net buyers to the tune of Rs 326 crore.

Stocks To Watch

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

INFY is currently quoting at Rs.769.15 up by Rs 9.85 or 1.30% from its previous closing of Rs.759.30 on the NSE. The scrip opened at Rs.763.05 & has touched a high & low of Rs.770.00 and Rs. 755.40. respectively. So far 49,19,911(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,35,162.58Cr. The NSE/BSE group stock has touched a 52 week high of Rs.772.25 on 08-FEB-2019 & a 52 week low of Rs.551.00 on 16-APR-2018.

M&MFIN is currently quoting at Rs.412.00 down by Rs.-4.40 or -1.06% from its previous closing of Rs.416.40 on the NSE. The scrip opened at Rs.419.70 & has touched a high & low of Rs.419.80 and Rs.409.05 respectively. So far 9,06,112(NSE) shares were traded on the counter. The current market cap of the company is Rs 25,451.92Cr. The BSE/NSE group stock has touched a 52 week high of Rs 534.00 on 30-APR-2018 & a 52 week low of Rs 342.65 on 05-OCT-2018.

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ABOUT AUTHOR

Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to a pave a smooth road for our clients in the shaky world of stock market. While tracking the mood swings of the market we bring our clients the most rewarding deals.

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