Share Market News: Today’s Nifty & Sensex Updates

Share Market News: Today’s Nifty & Sensex Updates

Share Market News

Share Market News 19-September-2018

The Volatile Day Ended On A Negative Note, Sensex Down By 170 Points, Nifty Below 11235

The Benchmark indices started on a positive note,Sensex rose 100 points & Nifty above 11,300. The equity market continued to trade higher as Sensex was up 105 points while Nifty above 11,300. Nifty metal, banks, auto, pharma & IT pushed market higher while media, FMCG & realty indices capped gains. The Nifty midcap index underperformed market, traded 25 points lower.

In afternoon session market erased gains to trade lower, Sensex fall 30 points & Nifty below 11,300. Cut in banking & financials, media, realty & FMCG dragged market while metal, PSU bank, IT & pharma remained at higher levels. The Nifty midcap index continued to underperform market, traded 0.90% lower.

In last hour of trade market fall further where Sensex fell 120 points while Nifty below 11,250. The market ended a volatile day on a negative note. A selloff among major sectors such as banks, auto, FMCG as well as midcaps weighed on the indices whereas metal & metal index closed higher. The Nifty Midcap index ended around 1% lower. Sensex closed 169.45 points down at 37,121.22, Nifty down by 44.55 points at 11,234.35.

Top Gainers

Coal India by 3.04% to Rs.281.50, ONGC by 2.81% to Rs.177.40, GAIL by 2.72% to Rs.385.00, BPCL by 2.65%to Rs.364.50, Tech Mahindra by 2.02% to Rs.769.95.

Top Losers

Bajaj Finserv by -3.33% to Rs.6,310, Bharti Airtel by -3.17% to Rs.361.85, ZEEL by -3.11% to Rs.450.10, Bajaj Finance by -2.78% to Rs.2,499, IndusInd Bank by -2.67% to Rs.1,812.50.

Analysis Of Top Gainer And Loser

Coal India is the top gainer in today's market as Mahanadi Coalfields (MCL), wholly owned subsidiary unit of CIL, will buyback shares equivalent to 25% of its aggregate fully paid-up capital from the parent company.

Bajaj Finserv is the top loser in today's market duw to the intense selling pressure witnessed on the back of higher valuation.

Key Market News

The U.S.-China trade war deepened as Beijing announced retaliatory tariffs on $60 billion of U.S. goods and the Trump administration threatened duties on virtually all Chinese imports. On Monday, President Donald Trump ordered his administration to levy 10% tariffs on about $200 billion in Chinese goods from Sept. 24 & and also aiming to increase the rate in January to 25% if Beijing refuses to offer trade concessions. In retaliation, Beijing has announced plans to hit U.S. goods, ranging from wheat to textiles, with 5% to 10% tariffs.

The market regulator SEBI has decided to lower expenses paid by investors for equity mutual fund schemes. The total expense ratio will be brought down considering economies of scale, Ajay Tyagi, chairman of the SEBI, said in a press conference after the regulators board meet where it took a host of decisions. The change could have a Rs.1,300-1,500 crore impact on the revenue of the mutual fund industry, according to Madhabi Puri Buch, whole-time member at SEBI. Assets under management of the industry are at a record of Rs.25 lakh crore, resulting in a revenue of about Rs.13,000 crore.

Stocks To Watch

DCM Shriram Ltd. is on the upside while Reliance Infrastructure Ltd. is on the downside.

DCM Shriram is currently trading at Rs.476.00, up by Rs.52.90 or 12.50% from its previous closing of Rs.423.10 on the NSE. The scrip opened at Rs.429.60 & has touched a high & low of Rs.484.00 and Rs.427.55 respectively. So far 23,62,853 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,836.44 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.628.00 on 19-December-2017 & a 52 week low of Rs.237.00 on 15-May-2018.

Reliance Infra. is currently trading at Rs.387.10, down by Rs.40.75 or 9.52% from its previous closing of Rs.427.85 on the NSE. The scrip opened at Rs.430.00 & has touched a high & low of Rs.431.30 and Rs.383.10 respectively. So far 79,51,241 (NSE) shares were traded on the counter. The current market cap of the company is Rs.10,194.81 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.589.90 on 01-January-2018 & a 52 week low of Rs.364.65 on 16-July-2018.

Share Market News 18-September-2018


Rupee Depreciation & Higher Crude Prices Dragged Market At 2-Month Low

The Benchmark indices started on a flat note, Sensex fall 20 points & Nifty below 11,400. The equity market continued to swing in green & red as Sensex was up 10 points while Nifty below 11,400 amid mix Asian cues. Nifty PSU bank, realty, metal & IT capped gains while FMCG, & pharma index rose over a percent. Nifty midcap index underperformed the market, traded 36 points lower.

In the afternoon session, the market remains lower where Sensex was down 50 points & Nifty near 11,350. Nifty FMCG & pharma remained higher while PSU bank, realty, metal, media, auto & financials dragged market lower. The nifty midcap index continued to underperform the market, traded 0.80% lower.

In last hour of trade market fall further, Sensex fall 200 points & Nifty near 11,300 as the rupee continued its weakening journey against USD. The market closed lower for the 2nd consecutive day, amid a spike in crude oil prices & depreciating rupee. Except FMCG, all sectoral indices closed lower led by banking & financials, realty, metal, auto, media & IT, fell 0.5-5.5%. The Nifty midcap index also witnessed the selling pressure owing to which closed 1.40% lower. Sensex closed 294.84 points down at 37,290.67, Nifty down by 98.85 points at 11,278.90.

Top Gainers

HUL by 3.70% to Rs.1,664.90, Yes Bank by 1.88% to Rs.324.60, ONGC by 1.34% to Rs.174.00, Dr. Reddy by 1.18%to Rs.2,598.90, ITC by 0.83% to Rs.304.50.

Top Losers

SBIN by -4.10% to Rs.273.60, IBULHSGFIN by -3.57% to Rs.1,158, Tata Motors by -3.46% to Rs.251.25, HindPetro by -3.06% to Rs.250.45, Bajaj Auto by -2.96% to Rs.2,776.

Analysis Of Top Gainer And Loser

Hindustan Unilever is the top gainer in today's market as strong buying was seen in the stock after the recent correction due to the premium valuation.

State Bank of India is the top loser in today's market after mentioning plan of selling 8 non-performing assets to recover dues worth over Rs.3,900 crore & has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs).

Key Market News

US President Donald Trump announced the imposition of new tariffs on an additional USD 200 billion worth of imports from China, on Monday, escalating the trade war with the Asian giant. Further, he mentioned, the new additional tariff structure would be effective September 24 and would be at 10% till the end of the year, and then would be increased to 25% level from January
1. Trump said his administration is taking this action as a result of the Section 301 process which the USTR has been pursuing for more than 12 months. US Trade Representatives released a list of such items.

Goldman Sachs has downgraded its rating on Indian equities for the first time in four-and-a-half years, to marketweight from overweight, citing elevated valuations, macro headwinds, and upcoming election event risk. It is also the first downgrade for the Indian market in recent times. Firms such as CLSA and Morgan Stanley had reduced overweight on India in February-March but did not cut their ratings.

Stocks To Watch

Dena Bank Ltd. is on the upside while Bank Of Baroda Ltd. is on the downside.

Dena Bank is currently trading at Rs.19.05, up by Rs.3.15 or 19.81% from its previous closing of Rs.15.90 on the NSE. The scrip opened at Rs.19.05 & has touched a high & low of Rs.19.05 and Rs.19.05 respectively. So far 29,36,184 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,314.78 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.33.60 on 22-September-2017 & a 52 week low of Rs.13.70 on 17-July-2018.

Bank of Baroda is currently trading at Rs.112.20, down by Rs.23.05 or 17.04% from its previous closing of Rs.135.25 on the NSE. The scrip opened at Rs.121.75 & has touched a high & low of Rs.126.45 and Rs.111.85 respectively. So far 14,48,91,921 (NSE) shares were traded on the counter. The current market cap of the company is Rs.30,013.38 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.206.65 on 26-October-2017 & a 52 week low of Rs.109.50 on 02-July-2018.

Share Market News 12-September-2018


The day after Bloodbath, With the sharp recovery in Rupee, Sensex, Nifty Rebounds.

The Benchmark indices started on a flat note, Sensex rose 35 points & Nifty below 11,300. The equity market continued to trade higher as Sensex rose 80 points while Nifty above 11,300 ahead of IIP & CPI data. Buying in FMCG, IT & pharma pushed the market higher while banks, realty, media & auto capped gains. The Nifty midcap index underperformed the market and traded 0.66% lower.

In afternoon session market traded flat to higher as Sensex was up 30 points while Nifty below 11,300. Nifty FMCG, IT, pharma & metal remained strong while banking & financials, auto, realty & media continued to cap gains. The nifty midcap index continued to underperform the market, traded 90 points lower.

In the last hour of trade market recovery in rupee helped market higher as Sensex rose 280 points while Nifty above 11,350. A dramatic recovery in rupee helped market surge to the high points. Sharp buying among major sector such as banks, FMCG, infra, metals & pharma led to the market rally. The Nifty Midcap index rose over one-third of a percent. Sensex closed 304.83 points up at 37,717.96, Nifty up by 82.40 points at 11,369.90.

Top Gainers

Power Grid by 3.53% to Rs.193.50, Sun Pharma by 3.04% to Rs.649.55, Adani Ports by 3.00% to Rs.375.60, ITC by 2.99%to Rs.306.10, Hindalco by 2.94% to Rs.238.40.

Top Losers

Axis Bank by -2.18% to Rs.636.00, Tata Motors by -2.08% to Rs.261.75, HPCL by -1.52% to Rs.240.00, ICICI Bank by -1.09% to Rs.323.00, IOC by -1.03% to Rs.149.15.

Analysis Of Top Gainer And Loser

Power Grid is the top gainer in today's market with the strong buying after the recent correction.

Axis Bank is the top loser in today's market owing to intense selling pressure.

Key Market News

India's exports grew by 19.21% to $27.84 billion in August on account of the healthy performance by sectors such as petroleum. "Export trade during August 2018 recorded at $27.84 billion a positive growth of 19.21%. Exports excluding Petroleum also reported a positive growth of 17.43%," Commerce and Industry Minister Suresh Prabhu mentioned in a tweet. Merchandise imports too rose by 25.41% in August to $45.24 billion due to the rising crude oil prices, leaving a trade deficit of $17.4 billion. In July, trade deficit soared to a nearly five-year high of $18.02 billion. During April-August this fiscal, the exports recorded a growth of 16.13%, while the imports during the first five months of this fiscal grew by 17.34%.

Oil prices rose on Wednesday after a report of falling crude inventories and the looming sanctions against Iran fuelled expectations of a tightening market. Prices were also pushed up by Hurricane Florence, which is expected to make landfall on the US East Coast on Friday, and which has caused fuel shortages following the evacuation of millions of households and businesses. US WTI crude futures were at $69.81 per barrel at 0047 GMT, up 56 cents, or 0.8%, from their last settlement. Brent crude futures climbed 24 cents, or 0.3%, to $79.30 a barrel.

Stocks To Watch

Dhampur Sugar Mills Ltd. is on the upside while Reliance Capital Ltd. is on the downside.

Dhampur Sugar is currently trading at Rs.97.65, up by Rs.8.65 or 9.72% from its previous closing of Rs.89.00 on the NSE. The scrip opened at Rs.89.45 & has touched a high & low of Rs.99.25 and Rs.88.75 respectively. So far 23,11,619 (NSE) shares were traded on the counter. The current market cap of the company is Rs.648.61 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.330.50 on 01-November-2017 & a 52 week low of Rs.71.70 on 23-July-2018.

Reliance Capital is currently trading at Rs.414.20, down by Rs.25.55 or 5.81% from its previous closing of Rs.439.75 on the NSE. The scrip opened at Rs.440.00 & has touched a high & low of Rs.440.00 and Rs.410.30 respectively. So far 90,66,759 (NSE) shares were traded on the counter. The current market cap of the company is Rs.10,510.16 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.782.00 on 11-September-2017 & a 52 week low of Rs.334.30 on 16-July-2018.

Share Market News 11-September-2018


Bloodbath In the markets, Sensex Fall 509 Points, Nifty Gives Up 11,300

The Benchmark indices started on a green note, Sensex rose 100 points & Nifty
above 11,450. The equity market erased morning gains & traded lower as Sensex fell 60 points while Nifty below 11,450 as rupee regained some strength. Nifty banks, auto, metal supported market while FMCG, financials & realty dragged market to lower level. The Nifty midcap index traded 55 points higher.

In the afternoon session market remained lower as Sensex was down 80 points while Nifty near 11,400. Nifty FMCG, media, financials, realty & metal dragged market while PSU bank, pharma & IT capped the losses. The broader market also erased some gains. The Nifty midcap index outperformed the market, was up 41 points.

In last hour of trade market fall further on weakening rupee as Sensex dipped 480 points while Nifty breached 11,300. A sharp sell-off dragged market at the lowest point. The all-round selling was witnessed among sectors such as banks, automobiles, FMCG, metals, pharmaceuticals and IT too. The Nifty Midcap index fell over a percent and that too weighed on the benchmarks. Sensex closed 509.04 points down at 37,413.13, Nifty down by 150.60 points at 11,287.50.

Top Gainers

Coal India by 1.72% to Rs.284.40, M&M by 1.03% to Rs.947.00, NTPC by 0.53% to Rs.170.10, Infosys by 0.39%to Rs.733.70, Bajaj Finserv by 0.23% to Rs.6,362.

Top Losers

Titan by -4.50% to Rs.818.95, Tata Steel by -3.94% to Rs.589.45, ITC by -3.38% to Rs.296.20, Tata Motors by -3.25% to Rs.266.75, Power Grid by -3.21% to Rs.186.75.

Analysis Of Top Gainer And Loser

Coal India is the top gainer in today's market with the short buying in the last hour of trade.

Titan is the top loser in today's market as selling pressure was seen in the stock as overall FMCG stocks corrected in todays market.

Key Market News

The relentless slide in Indias rupee has forced analysts to rework their forecasts. With the currency setting record lows on every next day, lenders like DBS Bank Ltd. have now started predicting the slide to as weak as Rs.75 per dollar. Indias trade deficit for August is likely to remain at $17 billion to $18 billion, while the Federal Reserve is set to raise rates again this month, both of these aspects are expected to weigh on the rupee said by Philip Wee, a senior currency strategist at DBS. UBS Securities India cut its year-end forecast about rupee to Rs.73 from Rs.66, while Scotia-bank sees the rupee nearing Rs.74 in the Fed meeting run up.

Domestic passenger vehicle sales dropped 2.46% to 2,87,186 units in August as against 2,49,416 units in the same month last year, automobile industry body SIAM said Tuesday. Car sales declined 1.03% to 1,96,847 units last month as against 1,98,892 units in August last year, according to data released by SIAM. Motorcycle sales last month grew by 6.18% to 12,06,512 units as compared to 11,36,322 units in August 2017. Total two-wheeler sales in August were higher by 2.91% to 19,46,811 units as against 18,91,685 units in the past previous year.

Stocks To Watch

Redington (India) Ltd. is on the upside while Power Finance Corporation Ltd. is on the downside.

Redington is currently trading at Rs.109.95, up by Rs.5.70 or 5.47% from its previous closing of Rs.104.25 on the NSE. The scrip opened at Rs.105.70 & has touched a high & low of Rs.115.50 and Rs.105.70 respectively. So far 30,66,473 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,453.92 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.209.90 on 10-November-2017 & a 52 week low of Rs.88.65 on 21-August-2018.

PFC is currently trading at Rs.80.50, down by Rs.7.85 or 8.89% from its previous closing of Rs.88.35 on the NSE. The scrip opened at Rs.89.15 & has touched a high and low of Rs.90.35 & Rs.80.25 respectively. So far 3,24,45,948 (NSE) shares were traded on the counter. The current market cap of the company is Rs.21,437.47 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.149.65 on 27-October-2017 and a 52 week low of Rs.67.50 on 17-July-2018.

Share Market News 10-September-2018


Sensex, Nifty Post Worst Day In Nearly 6-Months

The Benchmark indices started on a negative note, Sensex fell 120 points & Nifty
below 11,600. The equity market fell further as Sensex was down over 300 points while Nifty below 11,500. Except IT all sectoral indices traded in red led by FMCG, banking & financials, metal, auto, realty & pharma fell 0.5-1.5%. The broader market traded in red led by the Nifty midcap index was down 150 points.

In the afternoon session market dipped further as Sensex tanked over 400 points while Nifty near 11,450. Nifty IT continued to be lone gainer while banking & financials, metal, auto, FMCG, pharma, realty dipped almost by 1-2%. The broader market remained under pressure led by Nifty midcap index, was down 1.25%.

In last hour of trade market continued its southward journey where Sensex dipped 425 points while Nifty below 11,450. Weakness in rupee weighed market to close at lower levels. Traders rushed to dump stocks in segments such as auto, banks, financials, FMCG, pharma & metals, among others while IT index closed flat. In the broader markets, selling dragged as the Nifty midcap index which closed 338 points lower. Sensex closed 467.65 points down at 37,922.17, Nifty down by 151.00 points at 11,438.10.

Top Gainers

HCL Tech by 1.54% to Rs.1,090.45, Axis Bank by 0.92% to Rs.651.50, ZEEL by 0.66% to Rs.473.50, Cipla by 0.24%to Rs.666.35, TCS by 0.20% to Rs.2,084.

Top Losers

Bajaj Finance by -4.98% to Rs.2,607.60, IBULHSGFIN by -4.23% to Rs.1,161.45, Bajaj Finserv by -4.02% to Rs.6,335, Sun Pharma by -3.99% to Rs.637.75, BPCL by -3.61% to Rs.344.05.

Analysis Of Top Gainer And Loser

HCL Tech is the top gainer in today's market as the rupee continued to hit fresh lows against the dollar. Rupee crashed below Rs.72.65 against per dollar.

Bajaj Finance is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

The sustained weakening of the rupee is credit negative for Indian companies which generate revenue in rupees but rely on US dollar debt to fund their operations, Moody's Investors Service said Monday. The Indian rupee has depreciated over 13% so far in 2018 & has breached Rs.77.50 for the first time compared to a dollar. "Nevertheless, most rated India-based corporates have protections in place including natural hedges, some US dollar revenues and financial hedges to limit the negative credit implications of a potential further 10% weakening of the rupee to the US dollar from Thursday's (6 September) rate (of 72.11 a dollar), Moody's VP and Senior credit officer Annalisa DiChiara said.

Indias current-account deficit widened in the April-June quarter from a year ago, on account of a larger trade gap. The $15.8 billion shortfall may still offer relief to the nations battered rupee, Asias worst-performing major currency so far this year, as it was less than the $17.3 billion median estimates in a Bloomberg survey. The shortfall represented 2.4% of the gross domestic product, worse than January-Marchs 1.9% of GDP, the Reserve Bank of India said in a statement in Mumbai on Friday. It was at $15 billion during the same period last year, or 2.5% of GDP.

Stocks To Watch

Max Financial Services Ltd. is on the upside while IL&FS Transportation Networks Ltd. is on the downside.

MFSL is currently trading at Rs.504.10, up by Rs.30.65 or 6.47% from its previous closing of Rs.473.45 on the NSE. The scrip opened at Rs.483.50 & has touched a high & low of Rs.519.35 and Rs.472.50 respectively. So far 49,30,798 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,538.89 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.652.90 on 19-September-2017 & a 52 week low of Rs.403.25 on 05-July-2018.

IL&FS Trans. is currently trading at Rs.25.95, down by Rs.4.20 or 13.93% from its previous closing of Rs.30.15 on the NSE. The scrip opened at Rs.29.25 & has touched a high and low of Rs.29.25 & Rs.25.25 respectively. So far 22,35,030 (NSE) shares were traded on the counter. The current market cap of the company is Rs.853.65 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.97.35 on 04-January-2018 and a 52 week low of Rs.25.25 on 10-September-2018.

Share Market News 06-September-2018


Sensex & Nifty ends the day on positive note post 3-day losing streak.

The Benchmark indices started on a good note, Sensex rose 100 points & Nifty hit 11,500. The equity market gained strength as Sensex traded 130 points higher while Nifty above 11,500. Nifty pharma, banking & financials, FMCG & realty supported higher while media & IT traded lower. The nifty midcap index continued to outperform benchmark indices, traded 84 points higher.

In the afternoon session, the market turned red as Sensex fell 25 points & Nifty slipped near 11,450. Intense selling has been witnessed in the media, private bank, FMCG & auto indices. The phenomena have pushed the market lower to the lower levels however pharma index managed to survive in the session and remained in the green zone. The broader market also slipped in red led by Nifty midcap index, down 25 points.

In last hour of trade market regained strength where Sensex surged 250 points & Nifty recovered to the near 11,550 mark. A recovery in rupee from low helped market to end on a positive note. Among sectors, banks lost some sheen in the last half hour, but strength in pharma, energy & infra stocks helped the bulls to hold their grip on the market. The nifty midcap index also ended in green, 81.50 points higher. Sensex closed 224.50 points up at 38,242.81 whereas Nifty up by 59.95 points at 11,536.90.

Top Gainers

RIL by 2.77% to Rs.1,261, Cipla by 2.31% to Rs.661.50, Coal India by 2.07% to Rs.283.35, NTPC by 2.02%to Rs.168.95, Sun Pharma by 1.92% to Rs.676.50.

Top Losers

ZEEL by -2.44% to Rs.470.70, Hindalco by -1.73% to Rs.235.80, Bajaj Finance by -1.65% to Rs.2,672.20, Maruti Suzuki by -1.59% to Rs.8,754.50, IBULHSGFIN by -1.42% to Rs.1,202.20.

Analysis Of Top Gainer And Loser

Reliance Industries remained the top gainer in today's market as CLSA, one of the major broking firms, has maintained buy call with the target of Rs.1,500.

ZEEL remained the top loser in today's market owing to downgrading from the international brokerage firm, Morgan Stanley to 'Underweight' & reduction in the target from Rs.610 to Rs.410.

Key Market News

India probably overestimated manufacturing output while calculating economic growth that topped 8% in the June quarter, according to a member of the central banks rate-setting panel. The new GDP series has mostly replaced the Annual Survey of Industries with corporate financial data for estimating manufacturing value added, according to an article Ravindra Dholakia, a member of the MPC, co-authored with R. Nagaraj & Manish Pandya in the latest edition of the Economic & Political Weekly. This has resulted in its higher share in GDP & a faster growth rate compared to the older series, they said.

The British & German governments. have abandoned key Brexit demands, potentially easing the path for the U.K. to strike a deal with the EU, people familiar with the matter said. The pound rose. Germany is ready to accept a less detailed agreement on the U.K.s future economic & trade ties with the EU in a bid to get a divorce deal done, according to people speaking on condition of anonymity because the discussions are private. The U.K. side is also willing to settle for a vaguer statement of intent on the future relationship, postponing some decisions after Brexit day, according to an official who declined to be named.

Stocks To Watch

Aurobindo Pharma Ltd. is on the upside while National Aluminium Company Ltd. is on the downside.

AuroPharma is currently trading at Rs.761.95, up by Rs.65.00 or 9.33% from its previous closing of Rs.696.95 on the NSE. The scrip opened at Rs.699.00 & has touched a high & low of Rs.764.40 and Rs.698.00 respectively. So far 1,62,22,470 (NSE) shares were traded on the counter. The current market cap of the company is Rs.44,502.61 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.809.45 on 07-November-2017 & a 52 week low of Rs.527.00 on 04-June-2018.

Nalco is currently trading at Rs.71.20, down by Rs.5.15 or 6.75% from its previous closing of Rs.76.35 on the NSE. The scrip opened at Rs.77.45 & has touched a high and low of Rs.77.45 & Rs.69.65 respectively. So far 3,55,83,057 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,781.78 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.97.60 on 01-November-2017 and a 52 week low of Rs.56.55 on 16-July-2018.

Share Market News 05-September-2018


Sensex Extends Its Southward Journey, Posts Longest Losing Streak In 6-Months

The Benchmark indices opened flat, Sensex fell 20 points & Nifty above 11,500. The equity market traded lower, Sensex was down 50 points while Nifty below 11,500. Nifty pharma & IT index traded in green zone while realty, banking & financials, metal, media & FMCG dragged market. The nifty midcap index continued to underperform benchmark indices, was down by 0.60%.

In the afternoon session, the market continued its slide further, Sensex was down 300 points & Nifty slipped near 11,400 mark. Intense selling was witnessed among midcaps, along with other sectors such as banks, auto, energy, FMCG & metal. Pharma sector, too tasted red zone, falling over a quarter of a percent.

In the last hour of trade market were off days low as Sensex was down 215 points while Nifty back above 11,450. A good recovery helped the market to close with shallow cuts. Nifty metal, pharma & auto index closed higher while other sectoral indices closed in red led by realty, media, IT, FMCG, banking & financials. The nifty midcap index closed lower, though recovered from days low, fall 81 points. Sensex closed 139.61 points down at 38,018.31, Nifty up by 43.35 points at 11,476.95.

Top Gainers

Yes Bank by 2.99% to Rs.344.05, Tata Motors by 2.60% to Rs.268.75, Wipro by 2.06% to Rs.319.80, Hindalco by 2.00%to Rs.239.80, VEDL by 1.76% to Rs.228.75.

Top Losers

Infratel by -4.28% to Rs.271.90, ZEEL by -3.07% to Rs.478.00, HUL by -2.72% to Rs.1,606.25, Titan by -1.77% to Rs.865.35, Kotak Bank by -1.64% to Rs.1,237.

Analysis Of Top Gainer And Loser

Yes Bank is the top gainer in today's market on the back of good buying in the stock after correction from high.

Owing to the strong selling pressure, Bharti Infratel remained the top loser in today's market.

Key Market News

The Nikkei India services Purchasing Managers' Index, or PMI, fell to 51.9 in August from July 21st -month high of 54.1, indicating a slower rise. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The slowdown was driven by the weakest growth in new work in 3 months, although business confidence rose to the highest level since May.

A gauge of U.S. manufacturing unexpectedly jumped to the highest since May 2004 as orders, production and employment all picked up, even as companies contend with potential complications from trade tariffs, according to a report Tuesday.

After witnessing a positive opening, the rupee has resumed its downward movement and hit a fresh record low of 71.97. The currency had opened higher by 18 paise at Rs.71.40 per dollar against its previous close Rs.71.58. It plunged 37 paise to end at a record low of Rs.71.58 on Tuesday. The rupee continues to make a new record low on account of the crisis in the emerging market currencies. Further, consistent rise in the crude oil prices & dollar index has kept sentiments bearish.

Stocks To Watch

Muthoot Finance Ltd. is on the upside while Bharat Electronics Ltd. is on the downside.

Muthoot Finance is currently trading at Rs.441.85, up by Rs.42.00 or 10.50% from its previous closing of Rs.399.85 on the NSE. The scrip opened at Rs.405.00 & has touched a high & low of Rs.442.40 and Rs.401.25 respectively. So far 1,04,90,348 (NSE) shares were traded on the counter. The current market cap of the company is Rs.17,488.00 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.525.50 on 13-September-2017 & a 52 week low of Rs.363.50 on 06-February-2018.

BEL is currently trading at Rs.94.00, down by Rs.15.15 or 13.88% from its previous closing of Rs.109.15 on the NSE. The scrip opened at Rs.109.40 & has touched a high and low of Rs.109.40 & Rs.89.50 respectively. So far 14,52,75,148 (NSE) shares were traded on the counter. The current market cap of the company is Rs.23,025.80 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.193.40 on 29-November-2017 and a 52 week low of Rs.89.50 on 05-September-2018.

Share Market News 04-September-2018

Sensex extends losses for the 5th Consecutive day amid strong selling pressure

The Benchmark indices opened flat, Sensex rose 30 points & Nifty above 11,550. The equity market continued to trade flat as Sensex was up 15 points while Nifty above 11,550. Except for IT index which surged 2%, all other sectoral indices traded in red led by banking & financials, FMCG, metal, media, pharma. Nifty midcap index underperformed benchmark indices, was down 1.27%.

In the afternoon session market continued to trade lower as Sensex fell 85 points while Nifty slipped below 11,550. Nifty IT continued to trade higher while all other indices continued their downtrend led by FMCG, metal, banks, financials, auto, pharma, realty & media stocks. The nifty midcap index continued to underperform the benchmark indices and dipped almost by 2%.

In last hour of trade, amid strong selling pressure, Sensex fell 160 points while Nifty managed to hold 11,500 mark. Weakening rupee coupled with rising crude oil prices dragged markets to the lower levels. Nifty midcap index underperformed the market, dipped 540 points or 2.72%. Sensex closed 154.60 points down at 38,157.92 whereas Nifty up by 62.05 points at 11,520.30.

Top Gainers

Tech Mahindra up by 2.73% to Rs.766.00, HCL Tech by 2.56% to Rs.1,076, TCS by 2.29% to Rs.2,100, INFY by 2.21%to Rs.733.00, Wipro by 2.08% to Rs.314.75.

Top Losers

Grasim by -4.09% to Rs.1,022.40, IBULHSGFIN by -3.97% to Rs.1,210, Ultratech Cement by -3.72% to Rs.4,211, Asian Paints by -3.57% to Rs.1,313, Titan by -3.54% to Rs.880.40.

Analysis Of Top Gainer And Loser

Tech Mahindra remained as the top gainer in today's market, the key reason behind this is continued depreciation of rupee against dollar. Weakening rupee aids IT companies profitability.

Grasim remained the top loser in today's market, The primary reason behind this is the strong selling pressure which was seen in the stock due to Supreme Courts decision of imposing a ban on the new constructions in 3 states with respect to the issues in the solid waste management.

Key Market News

The Reserve Bank of India today asked all scheduled commercial banks having more than 10 branches to appoint an internal ombudsman. The apex bank has excluded regional rural banks from its directive. The internal ombudsman scheme was introduced by RBI to strengthen the internal grievance of banks and to ensure the redressal of the customer complaints. In order to enhance the independence of the internal ombudsman and strengthen the monitoring system. The central bank also mentioned that it has reviewed the arrangement in the form of the Internal Ombudsman Scheme, 2018.

Fitch Ratings on Monday said the currency volatility will have only a "limited impact" on India's sovereign credit profile as the country benefits from strong external finances. In a report on APAC sovereigns, Fitch said the recent sell-offs in Indian & Indonesian currency markets underline their sensitivity to shifts in global sentiment & suggest further bouts of pressure. Fitch said the risk of currency pressures triggering a policy-induced spike in domestic borrowing costs is mitigated by the Reserve Bank of India's relatively narrow focus on its inflation objective.

Stocks To Watch

Hathway Cable & Datacom Ltd. is on the upside while NCC Ltd. is on the downside.

Hathway Cable is currently trading at Rs.20.40, up by Rs.2.05 or 11.17% from its previous close of Rs.18.35 on the NSE. The scrip opened at Rs.18.35 & has touched a high & low of Rs.22.00 and Rs.18.10 respectively. So far 95,28,086 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,681.75 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.48.70 on 15-January-2018 & a 52 week low of Rs.15.10 on 17-July-2018.

NCC is currently trading at Rs.95.20, down by Rs.8.45 or 8.15% from its previous close of Rs.103.65 on the NSE. The scrip opened at Rs.104.05 & has touched a high and low of Rs.105.30 & Rs.94.05 respectively. So far 1,97,30,057 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,736.17 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.141.40 on 10-January-2018 and a 52 week low of Rs.77.55 on 23-July-2018.

Share Market News 03-September-2018


Sensex Registers Its Longest Losing Streak In 3-Months

The Benchmark indices opened at higher levels, Sensex rose 150 points & Nifty above 11,700 on strong GDP data. The equity market marginally off days high as Sensex was up 90 points while Nifty holds 11,700. Nifty IT, pharma, PSU bank, metal & auto index surged while Private banks, financials & FMCG remained lower. The nifty midcap index traded 140 points higher outperforming benchmark indices.

In the afternoon session market witnessed selling pressure as Sensex was up just 40 points while Nifty gave up 11,700 mark. Nifty IT, metal, pharma & PSU bank index surged while FMCG, private bank & financials capped the gains. The nifty midcap index continued to outperform frontline indices, by trading 160 points higher.

In the last hour of trade, owing to the selling pressure market dragged to the lower levels, Sensex fell 200 points while Nifty below 11,650. It was an anti-climax day for the market which closed lower. Among sectors, Selling pressure in banking & financials, FMCG, IT, realty & auto index dragged market while metal & media closed at higher levels. The nifty midcap index also closed lower by 54 points however managed to outperform benchmark indices. Sensex closed 332.55 points down at 38,312.52, Nifty up by 98.15 points at 11,582.35.

Top Gainers

Dr. Reddy up by 3.85% to Rs.2,588, Wipro by 2.62% to Rs.309.15, Eicher Motors by 2.34% to Rs.28,715, Titan by 2.20%to Rs.911.50, HPCL by 1.26% to Rs.257.00.

Top Losers

Bajaj Finance down by -4.78% to Rs.2,720.10, HUL by -4.51% to Rs.1,699.80, PowerGrid by -3.62% to Rs.194.20, Axis Bank by -2.86% to Rs.630.70, ITC by -2.61% to Rs.311.50.

Analysis Of Top Gainer And Loser

Dr. Reddy is the top gainer with the strong buying on account of the depreciating rupee.

Bajaj Finance is the top loser in due to strong selling pressure after hitting 52-week high from near Rs.3000.

Key Market News

Softening of the domestic demand has slowed India's manufacturing sector's growth unexpectedly in the month of August, as per private business survey on Monday. The activity gauge fell to a 3 month low of 51.7 from July's 52.3. Analysts polled by Reuters had expected pick up in growth by forecasting a reading of 52.8. Still, the expansion rate remained strong. The PMI has not been below the 50-mark which separates growth from contraction since July 2017, when manufacturing took a hit from the implementation of a goods and services tax (GST).

Indias economy accelerated to a nine-quarter high at 8.2% in the first quarter of 2018-19, beating expectations on the back of a strong pickup in manufacturing and a low base in the past previous year. This is likely to provide a much-needed breather to the government that is under fire over the depreciating rupee & demonetization. Indias GDP for the first quarter this year growing at 8.2% in otherwise an environment of global turmoil represents the potential of New India. Reforms and fiscal prudence are serving us well. India is witnessing an expansion of the neo middle class, tweeted finance minister Arun Jaitley.

Stocks To Watch

Network18 Media & Investments Ltd. is on the upside while Balkrishna Industries Ltd. is on the downside.

Network18 is currently trading at Rs.53.80, up by Rs.6.25 or 13.14% from its previous close of Rs.47.55 on the NSE. The scrip opened at Rs.47.95 & has touched a high & low of Rs.54.80 and Rs.47.60 respectively. So far 93,34,544 (NSE) shares were traded on the counter. The current market cap of the company stands at Rs.5,637.82 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.64.10 on 15-January-2018 & a 52 week low of Rs.39.25 on 27-June-2018.

Balkrishna Industries is currently trading at Rs.1,262.05, down by Rs.92.05 or 7.21% from its previous closing of Rs.1,360.10 on the NSE. The scrip opened at Rs.1,355.00 & has touched a high and low of Rs.1,355.00 & Rs.1,254.50 respectively. So far 27,15,518 (NSE) shares were traded on the counter. The current market cap of the company is Rs.24,424.66 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,453.55 on 29-August-2018 and a 52 week low of Rs.777.00 on 31-August-2017.

Share Market News For August-2018

Share Market News 30-August-2018


The Market Tumbled On Expiry Day As Private Banks Drag, Nifty Below 11,700

The Benchmark indices opened flat ahead of F&O August expiry with Sensex was up 1 point & Nifty below 11,700. The equity market traded lower as Sensex fell 35 points while Nifty struggled below 11,700. Nifty banking, financials & IT dragged market while metal, pharma, FMCG & auto index capped losses. The Nifty midcap index traded higher compare to frontline indices, traded 40 points higher.

In the afternoon session, the market fell further as Sensex was down 85 points while Nifty struggled near 11,650. Nifty metal, pharma & FMCG index capped losses while banking & financials, IT dragged market. The Nifty midcap index continued to trade higher against the market, traded 32 points higher.

In the last hour of trade, the market remained lower as Sensex was down 70 points while Nifty below 11,700. The market closed lower on F&O expiry day. Among sectors, FMCG, metals & pharma along with PSU banks were the top gainers, while auto, energy & Bank Nifty were the big laggards. Nifty midcap index outperformed frontline indices, closed 25 points higher. Sensex closed 32.83 points down at 38,690.10, Nifty up by 15.10 points at 11,676.80.

Top Gainers

Sun Pharma by 3.31% to Rs.641.80, GAIL by 2.45% to Rs.375.00, Tata Steel by 2.37% to Rs.608.30, NTPC by 2.08%to Rs.169.50, UPL by 2.07% to Rs.694.05.

Top Losers

Eicher Motors by -2.04% to Rs.27,615, Bajaj Finance by -1.93% to Rs.2,928, HPCL by -1.79% to Rs.253.10, IndusInd Bank by -1.70% to Rs.1,873.10, Maruti Suzuki by -1.63% to Rs.9,215.

Analysis Of Top Gainer And Loser

Sun Pharma is the top gainer in today's market after Global research firm Credit Suisse has maintained an outperform rating with an increased target of Rs.705 apiece.

Eicher Motors is the top loser in today's market after global brokerage firm Nomura said in its report that August month may remain sluggish for Auto firm.

Key Market News

Iraq sees a need to increase crude exports and says its ready to ship more as soon as OPEC agrees how members will share a collective supply boost, according to the acting director-general of the state-run Oil Marketing Co. Exports will be close to 3.595 million barrels a day this month, Alaa Al-Yasiri said Wednesday in an interview in Baghdad. That would be a record, he said, up from 3.54 million barrels a day in July. Analysts have been uncertain about Iraqs ability to raise production quickly, amid investment constraints and hold-ups that have seen Royal Dutch Shell Plc exit one of the countrys biggest oil projects.

India has asked its central bank to prepare a list of candidates for the merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this month, finance ministry officials also asked the Reserve Bank of India to suggest a time frame for the consolidation, the people said, asking not be named as the information isnt public. The move is aimed at creating fewer, better-capitalized lenders and improving regulatory oversight, they said.

Stocks To Watch

ITI Ltd. is on the upside while Kajaria Ceramics Ltd. is on the downside.

ITI is currently trading at Rs.111.90, up by Rs.18.65 or 20.00% from its previous closing of Rs.93.25 on the NSE. The scrip opened at Rs.101.00 & has touched a high & low of Rs.111.90 and Rs.100.95 respectively. So far 1,31,12,421 (NSE) shares were traded on the counter. The current market cap of the company is Rs.6,249.60 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.164.90 on 26-October-2017 & a 52 week low of Rs.71.20 on 05-June-2018.

Kajaria Ceramics is currently trading at Rs.475.00, down by Rs.17.25 or 3.50% from its previous closing of Rs.492.25 on the NSE. The scrip opened at Rs.495.00 & has touched a high and low of Rs.496.25 & Rs.473.00 respectively. So far 10,98,096 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,534.24 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.767.70 on 21-September-2017 and a 52 week low of Rs.406.00 on 17-August-2018.

Share Market News 29-August-2018


Market Snapped 2-Days Gain, Nifty Break 11,700, Dragged By RIL

The Benchmark indices opened flat after strong rally as Sensex was down 11 points & Nifty hold 11,700. The equity market remained flat as Sensex was down 10 points while Nifty above 11,700. Nifty PSU bank, realty, metal, auto & pharma supported market while IT, FMCG index dragged market. Nifty midcap index outperformed benchmark indices, traded 165 points higher.

In the afternoon session, the market fell further as Sensex was down 90 points while Nifty held 11,700. Losses in IT, infra, energy & FMCG names are being offset by metals, PSU banks and automobiles. The Nifty midcap index maintained its outperformance over benchmark indices, was up around 1%.

In the last hour of trade market remained lower as Sensex was down 60 points while Nifty held 11,700. The market snapped 2-days rally. Banks had a negative impact on the market, along with energy stocks, infra, IT & pharma names. However, PSU banks and metals tried to offset the losses, but bulls had the tide in their favour. Nifty midcap index outperformed the market, closed 108 points higher. Sensex closed 173.70 points down at 38,722.93, Nifty up by 46.60 points at 11,691.90.

Top Gainers

UPL by 4.87% to Rs.686.00, Bajaj Finance by 1.96% to Rs.2,990, SBIN by 1.47% to Rs.309.85, ONGC by 1.32%to Rs.176.90, GAIL by 0.97% to Rs.367.80.

Top Losers

Coal India by -2.85% to Rs.286.30, Power Grid by -2.08% to Rs.193.05, Lupin by -1.99% to Rs.883.85, Reliance by -1.90% to Rs.1,293.90, IndusInd Bank by -1.58% to Rs.1,903.15.

Analysis Of Top Gainer And Loser

UPL is the top gainer in today's market as strong buying was seen in the stock & more potential upside is expected in the stock.

Coal India is the top loser in today's market as some sort of selling pressure was seen in the stock.

Key Market News

The Indian rupee fell 0.6% to hit a fresh record low of 70.51 against the U.S. dollar. The domestic units previous record low was 70.3950 on Aug 16. It was the worst performer among Asian peers today, continuing its run as the worst performing currency in the region--down 9.4% so far this year. The rupee is on track to fall for the seventh straight month in August, its longest losing streak in nearly 18 years. The local unit has declined 2.84% so far this month.

India likely grew 7.6% in the April-June quarter, propelled in part by an improvement in manufacturing and exports, a Reuters poll showed. The median consensus in a poll of 50 economists put annual economic growth just a touch lower than the near two-year high of 7.7% in the January-March quarter. Forecasts for the $2.59 trillion economy ranged between 7.0 & 8.0%. The poll results suggest domestic demand was strong, driven primarily by manufacturing activity that remained solid despite elevated oil prices and a weakening Indian rupee. "India is a domestic-driven economy so a recovery in private consumption can outweigh external headwinds," said Charu Chanana, economist & market strategist at Continuum Economics.

Stocks To Watch

JSW Steel Ltd. is on the upside while Suven Life Sciences Ltd. is on the downside.

JSW Steel is currently trading at Rs.397.80, up by Rs.31.60 or 8.63% from its previous closing of Rs.366.20 on the NSE. The scrip opened at Rs.371.40 & has touched a high & low of Rs.408.70 and Rs.370.00 respectively. So far 4,44,45,933 (NSE) shares were traded on the counter. The current market cap of the company is Rs.96,447.10 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.408.70 on 29-August-2018 & a 52 week low of Rs.229.50 on 25-September-2017.

Suven Life is currently trading at Rs.272.15, down by Rs.18.85 or 6.48% from its previous closing of Rs.291.00 on the NSE. The scrip opened at Rs.295.20 & has touched a high and low of Rs.299.85 & Rs.268.00 respectively. So far 36,30,061 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,451.26 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.299.85 on 29-August-2018 and a 52 week low of Rs.157.50 on 08-September-2017.

Share Market News 28-August-2018


Record High Run Continues On D-Street Led By Reliance & HDFC Twins

The Benchmark indices started again on a record high as Sensex rose 150 points & Nifty above 11,700. The equity market remained strong as Sensex was up 160 points while Nifty near 11,750. The Nifty metal rose over 1% followed by IT, media & auto while banks & realty remained under pressure. Nifty midcap index underperformed benchmark indices, traded 11 points lower.

In the afternoon session, bulls took control on D-street as Sensex surged 200 points & Nifty near 11,750. Nifty metal, IT, pharma, auto continued to support the market while banks, realty, & FMCG index were under pressure. Nifty midcap index underperformed the market, was down 35 points.

In the last hour of trade, the market remained higher Sensex was up 180 points while Nifty above 11,700. The market ended at another record closing high. Apart from metals, big moves were seen among energy, IT and auto names, while banks and FMCG were the biggest laggards. The Nifty midcap index closed 56 points lower. Sensex closed 202.52 points up at 38,896.63, Nifty up by 46.55 points at 11,738.50.

Top Gainers

Hindalco by 4.17% to Rs.239.85, Reliance by 2.40% to Rs.1,322.50, Adani Ports by 2.54% to Rs.387.50, VEDL by 2.15%to Rs.230.35, Maruti by 1.75% to Rs.9,407.40.

Top Losers

GAIL by -4.83% to Rs.364.85, Yes Bank by -3.24% to Rs.370.60, HindPetro by -1.89% to Rs.257.10, Cipla by -1.76 to Rs.648.00, Dr. Reddy by -1.31 to Rs.2,411.

Analysis Of Top Gainer And Loser

Hindalco is the top gainer in today's market after Global brokerage firm JP Morgan Maintained Overweight; raised price target to Rs.370 from Rs.355, implying a potential upside of 60.5% from the last regular trade.

GAIL is the top loser in today's market after Oil Minister D. Pradhan today ruled out separating GAIL's gas transportation & marketing businesses but said the state-owned gas utility should divest its non-core petrochemical business at a good price.

Key Market News

The Allahabad High Court on Monday refused to grant interim relief to power sector defaulters that had appealed for a stay on the Reserve Bank of India (RBI) circular on being dragged to the National Company Law Tribunal. This, according to experts, could hurt the banking sector. Close to 60 companies, including power firms, have turned loan defaulters and will have to be taken to the NCLT by lenders after the 180-day grace period granted by the Reserve Bank of Indias February 12 circular ended on August 27.

The United States and Mexico agreed on August 27 to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Auto stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal & ease the economic uncertainty caused by US President Trump's repeated threats to ditch the 1994 accord. Details of gains & concessions in the deal were only starting to emerge on Monday. Trump threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbours & warned he expected concessions on Canada's dairy protections.

Stocks To Watch

Adani Enterprises Ltd. is on the upside while Union Bank of India Ltd. is on the downside.

Adani Enterprises is currently trading at Rs.228.85, up by Rs.17.00 or 8.02% from its previous closing of Rs.211.85 on the NSE. The scrip opened at Rs.212.65 & has touched a high & low of Rs.232.50 and Rs.209.45 respectively. So far 3,63,88,656 (NSE) shares were traded on the counter. The current market cap of the company is Rs.25,207.65 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.232.50 on 28-August-2018 & a 52 week low of Rs.100.85 on 02-July-2018.

Union Bank is currently trading at Rs.86.00, down by Rs.3.80 or 4.23% from its previous closing of Rs.89.80 on the NSE. The scrip opened at Rs.90.00 & has touched a high and low of Rs.90.10 & Rs.84.55 respectively. So far 1,17,41,159 (NSE) shares were traded on the counter. The current market cap of the company is Rs.10,002.99 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.196.05 on 26-October-2017 and a 52 week low of Rs.73.90 on 17-July-2018.

Share Market News 27-August-2018


D-Street Ends At Record Closing High, Nifty Hits 11,700 Led By Banks

The Benchmark indices started again on a record high with Sensex rose 200 points & Nifty above 11,600. The equity market continued to surge as Sensex was up 350 points while Nifty above 11,650. Baring media & pharma all sectoral indices traded in green led by banking & financials, IT, metal, auto & FMCG. Nifty midcap index underperformed benchmark indices, traded over 1% higher.

In the afternoon session, bulls took control on D-street as Sensex surged 460 points & Nifty eyed 11,700. All sectoral indices traded in green led by banking & financials, metal, IT, FMCG, auto & realty, rose 0.5%-2%. Broader market continued to trade higher led by Nifty midcap index, was up over 250 points.

In last hour of trade market remained near an all-time high as Sensex was up 455 points while Nifty near 11,700. The market ended at record closing high. All sectoral indices closed higher led by baking & financials, IT, metal, auto, FMCG. Nifty midcap index outperformed benchmark indices closed 232 points higher. Sensex closed 442.31 points up at 38,694.11, Nifty up by 134.85 points at 11,691.95.

Top Gainers

Hindalco by 3.65% to Rs.230.20, Bharti Airtel by 3.51% to Rs.381.90, Power Grid by 3.35% to Rs.197.35, Tech Mahindra by 3.21%to Rs.741.65, ICICI Bank by 2.92% to Rs.339.80.

Top Losers

Sun Pharma by -1.32% to Rs.621.50, Bajaj Finserv by -0.29% to Rs.7,030.45, Dr. Reddy by -0.10% to Rs.2,445.00.

Analysis Of Top Gainer And Loser

Hindalco is the top gainer in today's market as it said that alumina prices likely to stay strong in the near-term.

Sun Pharma is the top loser in today's market after the U.S. FDA has started a surprise inspection at its Halol plant in Gujarat, three people familiar with the matter told BloombergQuint.

Key Market News

Federal Reserve officials are trying hard to ignore President Donald Trump, and theyre going to keep doing that even if he continues to put pressure on the central bank to slow down or stop its gradual increases in interest rates. At the Kansas City Feds annual symposium in Jackson Hole, Wyoming, several policymakers responded to questions about recent remarks by Trump with straightforward comments that their rate decisions wont be affected. The job of a central bank and my job is to make decisions on monetary policy without regard to political considerations or political influence, Dallas Fed President Robert Kaplan said in an interview. Im very confident well do that.

Oil prices dipped slightly on Monday on concerns that a US-China trade dispute will erode global economic growth, although looming US sanctions against Iran's oil sector kept crude from falling further, traders said. International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close. US West Texas Intermediate (WTI) crude futures were down 9 cents at $68.63 a barrel.

Stocks To Watch

Adani Transmission Ltd. is on the upside while LIC Housing Finance Ltd. is on the downside.

Adani Transmission is currently trading at Rs.204.00, up by Rs.34.00 or 20% from its previous closing of Rs.170.00 on the NSE. The scrip opened at Rs.171.60 & has touched a high & low of Rs.204.00 and Rs.168.80 respectively. So far 81,12,820 (NSE) shares were traded on the counter. The current market cap of the company is Rs.22,353.64 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.254.20 on 18-January-2018 & a 52 week low of Rs.106.75 on 24-August-2017.

LIC Housing Finance is currently trading at Rs.527.95, down by Rs.45.20 or 7.89% from its previous closing of Rs.573.15 on the NSE. The scrip opened at Rs.550.00 & has touched a high and low of Rs.550.00 & Rs.526.05 respectively. So far 1,00,02,519 (NSE) shares were traded on the counter. The current market cap of the company is Rs.26,628.54 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.689.55 on 04-September-2017 and a 52 week low of Rs.455.40 on 04-July-2018.

Share Market News 23-August-2018


Market Extend Record Closing Spree Led By FMCG & IT Stocks

The Benchmark indices started again on a record high as Sensex rose 110 points & Nifty above 11,600. The equity market erased all gains as Sensex was down 10 points while Nifty above 11,550. On sectoral indices pharma, IT, FMCG & realty traded higher while banks, metal, auto & media index dragged market. Nifty midcap index underperformed benchmark indices, was down 84 points.

In the afternoon session, the market flat higher as Sensex was up 30 points & Nifty traded above 11,550. Weakness in banking & financials, metal, auto & media remained weak while pharma, IT, FMCG & realty continued to support the market. The Nifty midcap index continued to trade weak, was down nearly 100 points.

In the last hour of trade, the market traded higher as Sensex was up 80 points while Nifty near 11,600. The market ended the anti-climax day on a subdued note. While IT, pharma & FMCG gained big, weakness in banks, metals & auto offset the positive up move and pushed indices to flat lines. Nifty midcap index underperformed benchmark indices closed 35 points lower. Sensex closed 51.01 points up at 38,336.76, Nifty up by 11.85 points at 11,582.75.

Top Gainers

TechM by 2.75% to Rs.728.90, Dr. Reddy by 2.36% to Rs.2,467.90, NTPC by 2.27% to Rs.164.50, HCL Tech by 2.13%to Rs.1,026, LT by 2.07% to Rs.1,349.95.

Top Losers

Tata Motors by -4.56% to Rs.256.55, BPCL by -2.78% to Rs.358.50, IOC by -2.57% to Rs.153.65, HPCL by -2.53% to Rs.260.10, Hindalco by -2.32% to Rs.221.15.

Analysis Of Top Gainer And Loser

Tech Mahindra is the top gainer in today's market after foreign research house BoFAML has upgraded the stock to buy from underperform. The research house raised the target price to Rs.800 from Rs.600 per share.

Tata Motors is the top loser in today's market as some sort of a selling pressure was seen in the stock.

Key Market News

The Indian economy is expected to grow by around 7.5% in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices, Moody's Investors Service said today. In its Global Macro Outlook for 2018-19, Moody's said the run-up in energy prices over the last few months will raise headline inflation temporarily but the growth story remains intact as it is supported by strong urban and rural demand and improved industrial activity. "We expect the Indian economy to grow around 7.5% in 2018 and 2019," it said. Today in the graphic accompanying the outlook, it put 2018 growth at 7.3% % 7.5% for 2019. But in the text, it put the growth "around 7.5%" for both the years.

U.S. central bankers are ready to raise interest rates again so long as the economy stays healthy, according to a record of the Federal Reserves most recent policy meeting. Many participants suggested that if incoming data continued to support their current economic outlook, it would likely soon be appropriate to take another step in removing policy accommodation, minutes of the July 31-Aug. 1 Federal Open Market Committee meeting released Wednesday in Washington said.

Stocks To Watch

Marksans Pharma Ltd. is on the upside while Mahanagar Gas Ltd. is on the downside.

Marksans Pharma is currently trading at Rs.36.35, up by Rs.3.60 or 10.99% from its previous closing of Rs.32.75 on the NSE. The scrip opened at Rs.32.70 & has touched a high & low of Rs.36.90 and Rs.32.70 respectively. So far 1,29,03,727 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,477.62 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.52.30 on 06-November-2017 & a 52 week low of Rs.23.55 on 06-June-2018.

MGL is currently trading at Rs.840.25, down by Rs.61.95 or 6.87% from its previous closing of Rs.902.20 on the NSE. The scrip opened at Rs.863.40 & has touched a high and low of Rs.866.50 & Rs.832 respectively. So far 2,96,36,794 (NSE) shares were traded on the counter. The current market cap of the company is Rs.8,299.80 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,377.50 on 03-November-2017 and a 52 week low of Rs.772.15 on 22-May-2018.

Share Market News 21-August-2018


Market Closes At A New Record High; Nifty Well Above 11,550

The Benchmark indices started off to a fresh high as Sensex rose 70 points & Nifty above 11,550. The equity market traded flat as Sensex was up 5 points while Nifty above 11,550. On sectoral indices, IT, media, auto & pharma traded higher while banking & financials, realty & FMCG traded lower. Nifty midcap index outperformed benchmark indices, was up 30 points.

In the afternoon session, the market continued to nudge high as Sensex was up 20 points & Nifty traded above 11,550. Nifty pharma, IT, media & auto continued to support market while banking & financials, realty & FMCG index capped gains. Broader market firmly traded higher led by midcap index, was up 37 points.

In the last hour of trade, the market remained higher as Sensex was up 40 points & Nifty above 11,550. The market remained flat throughout session & closed flat. Selling in banks after an initial rally dragged the indices lower from their high points. Along with it, weakness was visible in sectors such as metals & FMCG. Meanwhile, buying counters were buzzing in IT & pharma. Nifty midcap index outperformed benchmark indices closed 36 points higher. Sensex closed 7.00 points up at 38,285.75, Nifty up by 19.15 points at 11,570.90.

Top Gainers

UPL by 5.01% to Rs.649.90, TechM by 2.99% to Rs.708.50, Coal India by 2.52% to Rs.291.20, Lupin by 2.29%to Rs.889.15, Grasim by 2.27% to Rs.1,063.45.

Top Losers

Tata Steel by -2.57% to Rs.584.00, BPCL by -1.77% to Rs.369.30, VEDL by -1.35% to Rs.218.85, HUL by -1.33% to Rs.1,753.30, M&M by -1.09% to Rs.959.00.

Analysis Of Top Gainer And Loser

UPL is the top gainer in today's market as strong buying was seen in the stock. Most of the brokerage firms remain bullish on the stock.

Tata Steel is the top loser in today's market as some sort of a selling pressure was seen in the stock.

Key Market News

The dollar extended a decline against major peers on comments from U.S. President Trump, & Asian stocks traded mixed after muted gains in U.S. equities. The greenback accelerated a slide after the euro broke through the key $1.15 level amid thin summer liquidity. It had weakened earlier after a report from Reuters that Trump said China & Europe manipulate their currencies as well as separate remarks lamenting the Federal Reserves interest-rate increases.

US President Donald Trump doesnt expect much progress from trade talks with China this week in Washington, he told Reuters on Monday. Trump said in an interview that he had no time frame for ending the trade dispute with China, which threatens to impose tariffs on virtually all goods traded between the worlds two largest economies.

US President Donald Trump said on Monday he was not thrilled with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates & said the US central bank should do more to help him to boost the economy, Reuters reported

Stocks To Watch

Kajaria Ceramics Ltd. is on the upside while Housing Development & Infrastructure Ltd. is on the downside.

Kajaria Ceramics is currently trading at Rs.457.40, up by Rs.44.10 or 10.67% from its previous closing of Rs.413.30 on the NSE. The scrip opened at Rs.417.00 & has touched a high & low of Rs.461.00 and Rs.416.45 respectively. So far 53,75,604 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,274.36 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.767.70 on 21-September-2017 & a 52 week low of Rs.406.00 on 17-August-2018.

HDIL is currently trading at Rs.32.20, down by Rs.1.80 or 5.29% from its previous closing of Rs.34 on the NSE. The scrip opened at Rs.33.85 & has touched a high and low of Rs.33.95 & Rs.32.05 respectively. So far 1,71,20,155 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,406.17 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.69.15 on 15-January-2018 and a 52 week low of Rs.17.45 on 20-July-2018.

Share Market News 20-August-2018


Market Extend Record Highs Led By Capital Goods; Nifty Above 11,550

The Benchmark indices started at a fresh record high as Sensex rose 150 points & Nifty above 11,500. The equity market rallied further as Sensex was up nearly 300 points while Nifty near 11,550. Baring IT all sectoral indices traded higher led by pharma, banking & financials, metal, auto & realty. The Nifty midcap index also traded in line with benchmark indices, was up 117 points.

In the afternoon session, the market continued to trade strongly as Sensex surged 340 points while Nifty above 11,550. Nifty pharma, metal, banking & financials, auto & realty continued to rise while IT index capped gains. The broader market also traded firmly higher led by Nifty midcap index, was up 115 points.

In the last hour of trade, the market remained strong as Sensex was up over 350 points & Nifty above 11,550. The market closed on a strong note on the back of positive global cues & recovery in rupee. Nifty pharma, metal, banking & financials, auto & realty held market higher while IT index corrected led by Infosys. Nifty midcap index outperformed benchmark indices closed 155 points higher. Sensex closed 330.87 points up at 38,278.75, Nifty up by 81.00 points at 11,551.75.

Top Gainers

LT by 6.68% to Rs.1,323.05, Tata Motors by 4.76% to Rs.270.55, ONGC by 3.65% to Rs.169.00, Tata Steel by 3.46%to Rs.600.20, Hindalco by 3.14% to Rs.226.60.

Top Losers

Infosys by -2.95% to Rs.1,388.20, GAIL by -2.36% to Rs.378.55, Titan by -1.97% to Rs.923.00, HCL Tech by -1.40% to Rs.989.00, Lupin by -1.23% to Rs.870.45.

Analysis Of Top Gainer And Loser

Larsen & Toubro is the top gainer in today's market after it informed exchanges that its board will meet on Aug. 23 to discuss share buyback proposal. Buybacks have been a hit with Indian companies recently. HCL Technologies last month approved a share buyback plan worth Rs.4,000 crore.

Infosys is the top loser in today's market after its CFO Mavinakere Dwarakanath Ranganath resigned to pursue professional opportunities in new areas.

Key Market News

Indias current account deficit is expected to widen to 2.8% of the gross domestic product in this financial year, according to a Nomura report. With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that the current account deficit might rise in the current fiscal, it said. Current account deficit, the difference between the inflow and outflow of foreign exchange, jumped to $48.7 billion, or 1.9% of GDP, in 2017-18. That was higher than $14.4 billion, or 0.6%, CAD in 2016-17.

The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according to the chief executive officer of A.P. Moller-Maersk A/S. Soren Skou, who runs the worlds biggest shipping company from Copenhagen, said the fallout of the current protectionist wave could easily end up being bigger in the U.S. Tariffs could slow global annual trade growth by 0.1 to 0.3%, though for the U.S. the effect could be perhaps 3 or 4%, he said at Maersks headquarters on Friday. And that would definitely not be good.

Stocks To Watch

Welspun Corp Ltd. is on the upside while The Federal Bank Ltd. is on the downside.

WelCorp is currently trading at Rs.141.30, up by Rs.15.00 or 11.88% from its previous closing of Rs.126.30 on the NSE. The scrip opened at Rs.127.00 & has touched a high & low of Rs.143.50 and Rs.126.20 respectively. So far 25,19,302 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,741.01 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.197.15 on 22-January-2018 & a 52 week low of Rs.102.75 on 20-July-2018.

Federal Bank is currently trading at Rs.81.55, down by Rs.4.70 or 5.45% from its previous closing of Rs.86.25 on the NSE. The scrip opened at Rs.86.30 & has touched a high and low of Rs.86.30 & Rs.80.70 respectively. So far 6,51,42,957 (NSE) shares were traded on the counter. The current market cap of the company is Rs.16,129.46 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.127.65 on 17-October-2017 and a 52 week low of Rs.73.50 on 17-July-2018.

Share Market News 16-August-2018


Banks Dragged The Market Lower; Nifty Ended Below 11,400

The Benchmark indices opened on a negative note as Sensex fell 150 points & Nifty below 11,400. The equity market turned positive as Sensex rose 20 points while Nifty back near 11,450. Nifty pharma, IT, PSU bank & auto held the market & recovery in the bank & financial helped market while metal index fell 1%. The Nifty midcap index traded outperformed benchmark indices, was up 40 points.

In the afternoon session market again turned negative as Sensex fell 120 points while Nifty around 11,400. Nifty Pvt. bank, financials, metal, media & realty dragged market while PSU bank, pharma, IT & auto index capped losses. The broader market also corrected as Nifty midcap index turned flat.

In the last hour of trade market remained lower as Sensex was down 150 points while Nifty below 11,400. The market ended on a negative note. Nifty banking, financials, metal, media, realty index dragged market while pharma, auto & IT capped losses. Nifty midcap index outperformed benchmark indices closed 18 points lower. Sensex closed 188.44 points down at 37,663.56, Nifty down by 50.05 points at 11,385.05.

Top Gainers

GAIL by 3.61% to Rs.393.50, Dr. Reddy by 3.47% to Rs.2,357.60, Sun Pharma by 3.19% to Rs.621.00, Lupin by 1.49%to Rs.849.20, Infosys by 1.47% to Rs.1,429.

Top Losers

Kotak Bank by -3.71% to Rs.1,245, Vedanta by -2.84% to Rs.209.00, ZEEL by -2.59% to Rs.500.65, HDFC by -2.54% to Rs.1,892.20, IBULHSGFIN by -2.51% to Rs.1,258.60.

Analysis Of Top Gainer And Loser

GAIL is the top gainer in today's market as the stock rose for the third day in a row after strong Q1 FY19 earnings.

Kotak Mahindra Bank is the top loser in today's market as investors reacted to regulatory developments on Tuesday. Kotak Mahindra Bank's preferential issue does not meet the dilution norms, the Reserve Bank of India had said on Tuesday.

Key Market News

The rating agency, India Ratings & Research, revised down, Indias GDP growth forecasts for the current financial year. The economic growth forecast has been reduced to 7.2% from 7.4% earlier. The key reasons, it said, are headwinds emerging from rising in crude prices, fixing of minimum support price (MSP), depreciating rupee as well as no visible signs of reduction in NPAs among banks. Although Ind-Ra expects the central government to meet its fiscal deficit target of 3.3% of GDP in FY19, the current account deficit is likely to touch USD71.1 billion (2.6% of the GDP) in FY19 from USD48.7 billion in FY18 (1.9% of GDP) due to the widening trade gap, it said in a statement.

Indias trade deficit in July widened to the most in more than 5 years, worsening the outlook for the rupee that hit a record low on Tuesday. The gap between exports & imports reached $18 billion in July, fanned by a higher oil import bill, according to data released by Indias commerce ministry on Tuesday. That compared with the $15.7 billion median estimate in a Bloomberg survey of 24 economists & $16.6 billion in June.

Stocks To Watch

Housing Development & Infrastructure Ltd. is on the upside while Jain Irrigation Systems Ltd. is on the downside.

HDIL is currently trading at Rs.31.10, up by Rs.5.15 or 19.85% from its previous closing of Rs.25.95 on the NSE. The scrip opened at Rs.25.80 & has touched a high & low of Rs.31.10 and Rs.25.35 respectively. So far 6,19,69,857 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,334.56 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.69.15 on 15-January-2018 & a 52 week low of Rs.17.45 on 20-July-2018.

Jain Irrigation is currently trading at Rs.75.60, down by Rs.7.65 or 9.19% from its previous closing of Rs.83.25 on the NSE. The scrip opened at Rs.83.40 & has touched a high and low of Rs.83.40 & Rs.75.00 respectively. So far 1,63,54,899 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,764.94 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.150.40 on 29-January-2018 and a 52 week low of Rs.71.70 on 23-July-2018.

Share Market News 14-August-2018


Sensex, Nifty Snaps 2-Day Fall As Focus Shifts Back To Earnings

The Benchmark indices started on a positive note as Sensex rose 110 points & Nifty near 11,400 mark. The equity market surged further as Sensex rose 170 points while Nifty above 11,400 mark. Nifty banking & financials, auto, FMCG, realty & media traded higher while metal & pharma index traded lower. Nifty midcap index traded in line with benchmark indices, was up 60 points.

In the afternoon session, bulls took control in D-street as Sensex rose 270 points & Nifty around 11,450. All sectoral indices traded in green led by IT, FMCG, banking & financials, media, realty, pharma and auto rose 0.5%-1.5%. Broader market also traded higher led by Nifty midcap index, was up 120 points.

In the last hour of trade, the market continued to trade higher as Sensex was up 230 points & Nifty near 11,450. The market ended on a strong note. Nifty banking & financials, pharma, realty, IT, FMCG, auto & media index led the rally. Nifty midcap index outperformed benchmark indices, closed 1.19% higher. Sensex closed 207.10 points up at 37,852.00, Nifty up by 79.35 points at 11,435.10.

Top Gainers

Sun Pharma by 7.39% to Rs.605.60, Yes Bank by 3.45% to Rs.383.50, Lupin by 3.30% to Rs.838.75, Cipla by 2.81%to Rs.645.95, Bajaj Finance by 2.53% to Rs.2,830.20.

Top Losers

UPL by -2.64% to Rs.608.90, Adani Ports by -1.27% to Rs.372.35, Hero Motocorp by -1.26% to Rs.3,266.40, Bharti Airtel by -0.99% to Rs.366.50, HindPetro by -0.97% to Rs.270.45.

Analysis Of Top Gainer And Loser

Sun Pharma is the top gainer in today's market after company beat analysts' estimates as it has reported net profit in the quarter ended June 2018. Net profit at Rs.982 crore vs loss of Rs.425 crore, margin at 22.2% versus 17.6%.

UPL is the top loser in today's market as some sort of a profit booking was seen in the stock.

Key Market News

Indias retail inflation cooled more than expected in July due to subdued food prices after the Monetary Policy Committee raised interest rates for the second straight time. Consumer price inflation in July rose 4.17% compared with the same month last year, declining from the 5 months high of 4.9% in June, according to data from the CSO. Headline inflation slowed for the first time after rising for the past four months. A Bloomberg poll of economists had expected inflation at 4.49% in July. The MPC projects inflation at 4.6% in the Sept. ending quarter, 4.8% in the second half of 2018-19, & 5% in the first quarter of 2019-20.

India's wholesale inflation grew 5.09% in July marginally slower than 5.77% in June as rates of some food items fell & fuel prices latest price data released by the commerce & industry ministry showed. The Wholesale inflation during the same month of the previous year was at 1.88%. Final WPI inflation rate for May has been revised to 4.78% as compared to 4.43% (provisional). Inflation in Fuel & Power, which contributes 13.15% to the index, continued to rise to 18.10% from 16.18%.

Stocks To Watch

Karur Vysya Bank Ltd. is on the upside while Allahabad Bank Ltd. is on the downside.

Karur Vysya is currently trading at Rs.100.00, up by Rs.7.10 or 7.64% from its previous closing of Rs.92.91 on the NSE. The scrip opened at Rs.97.90 & has touched a high & low of Rs.100.90 and Rs.95.15 respectively. So far 39,51,401 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,993.03 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.146.73 on 18-September-2017 & a 52 week low of Rs.85.18 on 25-May-2018.

Allahabad Bank is currently trading at Rs.39.95, down by Rs.2.80 or 6.55% from its previous closing of Rs.42.75 on the NSE. The scrip opened at Rs.42.50 & has touched a high and low of Rs.43.95 & Rs.39.15 respectively. So far 2,37,68,424 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,219.11 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.89.00 on 26-October-2017 and a 52 week low of Rs.37.30 on 16-May-2018.

Share Market News 13-August-2018


Sensex & Nifty Fall: Rupee At Record Low As Turkey Rout Spreads

The Benchmark indices started lower as bear took control as Sensex fell 270 points & Nifty below the 11,400 mark. The equity market continued to be weak as Sensex was down 230 points while Nifty below 11,400. Nifty banking & financials, auto, media & realty continued to week while IT, pharma traded in green. The Nifty midcap index also traded lower, was down 75 points.

In the afternoon session, the market was off days low as Sensex was down 100 points & Nifty near 11,400. Nifty banking & financials, media, realty traded lower though recovered while IT, pharma & FMCG continued to see strong buying. Nifty midcap index outperformed the market, traded flat with a little negative point.

In last hour of trade, the market fell further as Sensex dipped 240 points while Nifty near 11,350 levels. The market ended lower as the rupee hit new lows. Nifty banking and financials, media, auto, metal & realty dragged market while IT, pharma & FMCG capped losses. Nifty midcap index corrected in line with the market, fell 0.65%. Sensex closed 224.33 points down at 37,644.90, Nifty down by 73.75 points at 11,355.75.

Top Gainers

GAIL by 3.32% to Rs.375.00, Tech Mahindra by 2.64% to Rs.663.00, Sun Pharma by 1.95% to Rs.564.80, Grasim by 1.87%to Rs.989.50, HCL Tech by 1.75% to Rs.982.95.

Top Losers

BPCL by -5.75% to Rs.378.50, HindPetro by -4.77% to Rs.272.50, Yes Bank by -3.62% to Rs.369.00, VEDL by -3.40% to Rs.216.10, IOC by -3.37% to Rs.160.75.

Analysis Of Top Gainer And Loser

GAIL is the top gainer in today's market after the company meets estimates as Q1 profit rise 23% at Rs.1,259 crore. Brokerage house like JP Morgan remain Neutral but raised target price while CLSA retained buy rating.

BPCL is the top loser in today's market as Indian currency fell on the back of a sharp drop in Turkish lira against the US dollar.

Key Market News

The Indian rupee hit a fresh record low today, as a slide in E.M. currencies led by the Turkish lira spurred demand for haven assets. The rupee fell as much as 1.10% to 69.6150 versus the dollar in early trading before paring losses. The Indian currency has been the worst performer in Asia this year. The lira slumped for a fourth day to a new record low, after President Recep Tayyip Erdogan showed no signs of backing down in a standoff with the U.S. The MSCI Emerging Market Index slumped to the lowest in more than a year.

Fitch Ratings' outlook on the Indian banking sector is likely to remain negative until the banks address their weak core capital positions against mounting bad loans and poor financial performance, it said in a report. The capital position of state banks is most at risk, with the core capital ratios of 11 of India's 21 state banks below the 8% common equity Tier 1 (CET1) regulatory minimum that comes into place at financial year-end March 2019 (FYE 19), the report said. Banks' credit costs rose sharply following regulatory changes aimed at accelerating bad-loan recognition and led to losses that cumulatively eroded nearly all of the Rs.90,000 crore in govt. capital injected in FY18, adding to capital positions which were already weak.

Stocks To Watch

Apollo Hospitals Enterprise Ltd. is on the upside while Vakrangee Ltd. is on the downside.

Apollo Hospital is currently trading at Rs.1,065.05, up by Rs.121.15 or 12.84% from its previous closing of Rs.943.90 on the NSE. The scrip opened at Rs.948.00 & has touched a high & low of Rs.1,087.30 and Rs.945.00 respectively. So far 54,40,911 (NSE) shares were traded on the counter. The current market cap of the company is Rs.14,853 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,263.40 on 26-February-2018 & a 52 week low of Rs.910.10 on 30-July-2018.

Vakrangee is currently trading at Rs.50.20, down by Rs.12.55 or 20.00% from its previous closing of Rs.62.75 on the NSE. The scrip opened at Rs.53.50 & has touched a high and low of Rs.60.00 & Rs.50.20 respectively. So far 2,47,62,639 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,309.90 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.515.00 on 24-January-2018 and a 52 week low of Rs.30.85 on 07-June-2018.

Share Market News 08-August-2018


Reliance Pushed The Market At Closing Highs, Nifty At 11,450

The Benchmark indices started the day on a positive note as Sensex was up 20 points & Nifty near 11,400. The equity market hit fresh record as Sensex rose over 150 points while Nifty traded near 11,450. Baring pharma & IT all sectoral indices traded in green led by banking & financials, media, metal, retail & FMCG. The Nifty midcap index traded in green, was up 50 points.

In the afternoon session, the market continued to hit fresh high as Sensex surged over 200 points while Nifty hit the 11,450 mark. Nifty banking & financials, media & FMCG pushed the market higher while pharma & IT capped gains. Nifty midcap index underperformed the market, traded 60 points higher.

In the last hour of trade, the markets were off days high as Sensex was up 150 points while Nifty above 11,400. The market closed at record fresh high. Nifty banking & financials, FMCG & metal pushed market while pharma, auto index capped the gains in the market. Nifty midcap index underperformed the market, ended flat. Sensex closed 221.76 points up at 37,887.56, Nifty up by 60.55 points at 11,450.00.

Top Gainers

ONGC by 3.13% to Rs.172.80, RIL by 3.09% to Rs.1,220.80, Cipla by 2.33% to Rs.644.10, Infratel by 2.31%to Rs.292.50, Bajaj Finance by 2.28% to Rs.2,809.95.

Top Losers

Lupin by -5.13% to Rs.822.15, Maruti by -2.14% to Rs.9,210, HindPetro by -1.63% to Rs.283.90, BPCL by -1.31% to Rs.388.95, Grasim by -0.87% to Rs.1,009.95.

Analysis Of Top Gainer And Loser

ONGC is the top gainer in today's market after the company is expected to beg 2 oil blocks as ECS has cleared award are blocks offered in OALP-1.

Lupin is the top loser in today's market after it reported a 43% YoY decline in net profit to Rs.202.8 crore in the June quarter as against a net profit Rs.358.1 crore last fiscal. PAT was much below analysts estimates on a subdued US business.

Key Market News

India is on track to hold its position as one of the worlds fastest-growing economies as reforms start to pay off, according to the International Monetary Fund. The $2.6 trillion economy was described by Ranil Salgado, the IMFs mission chief for India, as an elephant starting to run with growth forecast at 7.3% in the fiscal year through March 2019 & 7.5% in the year after that. The nation accounts for about 15% of global growth, according to the Washington-based fund. Key risks flagged by the IMF in its annual Article IV assessment of the economy include higher oil prices, tightening global financial conditions & tax revenue shortfalls.

The U.S. said it will begin imposing 25% duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the worlds two biggest economies. Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list as of Aug. 23, the U.S. Trade Representative's Office said in an emailed statement on Tuesday. The new list covers products ranging from motorcycles to steam turbines & railway cars. Chinas trade surplus with the U.S. stood at $28.1 billion, close to the record high in June, data released Wednesday showed.

Stocks To Watch

Strides Shasun Ltd. is on the upside while Edelweiss Financial Services Ltd. is on the downside.

Strides Shasun is currently trading at Rs.413.95, up by Rs.21.55 or 5.49% from its previous closing of Rs.392.40 on the NSE. The scrip opened at Rs.393.40 & has touched a high & low of Rs.423.90 and Rs.376.60 respectively. So far 1,29,45,281 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,714.94 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,054 on 07-August-2017 & a 52 week low of Rs.330.30 on 21-May-2018.

Edelweiss is currently trading at Rs.306.30, down by Rs.21.65 or 6.60% from its previous closing of Rs.327.95 on the NSE. The scrip opened at Rs.314.10 & has touched a high and low of Rs.318.40 & Rs.302.75 respectively. So far 38,48,262 (NSE) shares were traded on the counter. The current market cap of the company is Rs.28,432.75 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.342.00 on 29-May-2018 and a 52 week low of Rs.220.05 on 07-August-2017.

Share Market News 07-August-2018


Market Closed Flat After Hitting New High, Nifty Below 11,400

The Benchmark indices started on a record high note as Sensex 115 points & Nifty above 11,400. The equity market gave up all gains as Sensex fell 50 points while Nifty slipped below 11,400. Baring auto & media all sectoral indices traded in red led by banks, pharma, realty, FMCG & Reliance. Nifty midcap index underperformed benchmark indices, was down 0.50%.

In afternoon session market back in green as Sensex was up 60 points while Nifty traded above 11,400. Nifty media, private banks, financials & auto, metal & It pushed the market higher while PSU bank, pharma, realty & FMCG index capped gains. The Nifty midcap index still traded under selling pressure, was down 40 points.

In the last hour of trade, the market traded flat as Sensex was up 20 points while Nifty below 11,400. The market closed flat after the range-bound session. Nifty PSU bank fell over 2% along with pharma, & realty while media, metal, auto supported the market. Nifty midcap index underperformed the market, ended 54 points lower. Sensex closed 26.09 points down at 37,665.80, Nifty up by 2.35 points at 11,389.45.

Top Gainers

Tata Steel by 4.02% to Rs.575.50, Titan by 3.03% to Rs.929.00, Bajaj Finance by 2.10% to Rs.2,752.80, Eicher Motors by 2.06%to Rs.27,595, Asian Paints by 1.98% to Rs.1,425.

Top Losers

Adani Ports by -6.08% to Rs.373.20, Coal India by -2.70% to Rs.275.50, HPCL by -1.80% to Rs.288.80, BPCL by -1.70% to Rs.394.20, Cipla by -1.87% to Rs.902.00.

Analysis Of Top Gainer And Loser

Tata Steel is the top gainer in today's market as strong buying was seen in the stock after metal prices rose in Shanghai exchange by 2%.

Adani Ports is the top loser in today's market after its profit missed Bloomberg consensus estimates in June quarter. In Q1 FY19, consolidated net profit declined 9% to Rs.697.40 crore as against Rs.767.52 crore in same quarter last fiscal year.

Key Market News

The government will hold talks with the Reserve Bank of India about relaxing capital requirements for banks and bringing them in line with the less-stringent Basel-III norms, according to a report by The Economic Times. This comes after discussions by the finance ministry with central think tank NITI Aayog and other stakeholders, a senior government official told the paper. The move is likely to free up an estimated Rs 60,000 crore of capital for state-owned lenders. It would allow banks to increase lending in order to fuel the reviving economy, bolster weaker banks and reduce pressure on the government to provide capital.

India deferred the imposition of retaliatory tariffs on some US imports to next month, opening the door to an agreement that would avert a trade war between the two nations. The higher import duty on goods like chickpeas & Bengal gram, or chana, has been delayed to Sept. 18 from Aug. 4, the finance ministry said in a notification. The move comes as trade tensions between the U.S. and China intensify. The Trump administration is considering increasing its proposed tariffs on $200 billion of Chinese goods, while Beijing has threatened to retaliate. Indias list also included tariffs on walnuts, almonds, boric acid, apples, diagnostic reagents & some hot-rolled coil products.

Stocks To Watch

Vakrangee Ltd. is on the upside while Punjab National Bank Ltd. is on the downside.

Vakrangee is currently trading at Rs.67.05, up by Rs.11.15 or 19.95% from its previous closing of Rs.55.90 on the NSE. The scrip opened at Rs.59.05 & has touched a high & low of Rs.67.05 and Rs.58.70 respectively. So far 3,27,88,675 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,003.98 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.515.00 on 24-January-2018 & a 52 week low of Rs.30.85 on 07-June-2018.

PNB is currently trading at Rs.82.90, down by Rs.7.15 or 7.94% from its previous closing of Rs.90.05 on the NSE. The scrip opened at Rs.90.25 & has touched a high and low of Rs.91.55 & Rs.82.50 respectively. So far 13,90,40,553 (NSE) shares were traded on the counter. The current market cap of the company is Rs.22,871.35 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.231.45 on 26-October-2017 and a 52 week low of Rs.71.65 on 28-June-2018.

Share Market News 06-August-2018

Bulls In Command At D-Street; Market Closed At Record High

The Benchmark indices clocked fresh record high with Sensex surged over 200 points & Nifty hit 11,400. The equity market extended gains as Sensex was up over 200 points while Nifty above 11,400. Nifty banking & financials, auto, metal traded strong while pharma, FMCG & IT traded lower. The Nifty Midcap index traded in line with benchmark indices, was up 0.40%.

In afternoon session market continued to trade higher as Sensex was up nearly 200 points while Nifty hovered around 11,400. On sectoral indices, banking & financials, auto, media & metal traded higher while pharma, FMCG & IT remained lower. Nifty midcap index outperformed frontliners, was up over half a defense.

In last hour of trade market were of days high as Sensex was up 115 points while Nifty below 11,400. The market closed at a record high but off days high. Banks led the gainers chart among all sectoral indices, while auto, energy & metals followed suit as well. In the broader markets, midcaps ended the day 87 points higher.

Sensex closed 135.73 points up at 37,691.89, Nifty up by 26.30 points at 11,387.10.

Top Gainers

Axis Bank by 3.68% to Rs.595.90, SBIN by 3.22% to Rs.308.90, ICICI Bank by 3.11% to Rs.314.50, Airtel by 2.68%to Rs.384.55, UPL by 2.35% to Rs.656.10.

Top Losers

GAIL by -3.01% to Rs.376.50, Kotak Bank by -1.95% to Rs.1,284, Tata Motors by -1.92% to Rs.253.50, HUL by -1.87% to Rs.1,730, Titan by -1.87% to Rs.902.00.

Analysis Of Top Gainer And Loser

Axis Bank is the top gainer in today's market as strong buying was seen in the stock after bank returned to profit after its first ever loss in the last quarter reported last week. The stock is trading higher from last three days.

GAIL is the top loser in today's market as some sort of selling pressure was seen in the stock.

Key Market News

India has decided to defer by 45 days the tit-for-tat retaliatory tariffs against 29 American products worth $235 million which were supposed to come into effect on Saturday to counter a US move to unilaterally raise import duties on Indian steel and aluminium products. The move comes at a time when the US on Monday elevated Indias status by placing it in the Strategic Trade Authorization (STA) Tier 1 listcomparable to North Atlantic Treaty Organization (Nato) alliesthat eases export of high-tech defence items to it without individual licenses.

Oil traded below $69 a barrel as investors weighed the prospect of shrinking global demand due to a trade spat between the worlds two biggest economies against signs of lower supply. After crude posted its worst monthly loss in two years in July as the U.S.-China war raised fears over global economic growth, investors are trying to assess how the conflict will affect oil demand. American President Trump defended his use of tariffs that have inflamed tensions with the Asian nation and Europe, saying that playing hardball on trade is my thing. Traders are also watching the output from OPEC and its allies as signs of a surplus of high-quality crude are emerging again.

Stocks To Watch

Trident Ltd. is on the upside while Mahindra Lifespace Developers Ltd. is on the downside.

Trident is currently trading at Rs.70.75, up by Rs.6.55 or 10.20% from its previous closing of Rs.64.20 on the NSE. The scrip opened at Rs.66.40 & has touched a high & low of Rs.72.80 and Rs.65.35 respectively. So far 82,10,193 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,607.94 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.109.50 on 20-September-2017 & a 52 week low of Rs.51.15 on 22-May-2018.

MahLife is currently trading at Rs.500.10, down by Rs.42.25 or 7.79% from its previous closing of Rs.542.35 on the NSE. The scrip opened at Rs.542.40 & has touched a high and low of Rs.543.85 & Rs.500.00 respectively. So far 46,09,328 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,583.11 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.668.40 on 20-June-2018 and a 52 week low of Rs.396.55 on 11-August-2017.

Share Market News 02-August-2018.


Market Ends Lower For 2nd Day; Nifty Ends Below 11,250

The Benchmark indices opened on a lower note as Sensex fell over 100 points & Nifty slipped below 11,350. The equity market fell further as Sensex was down 200 points while Nifty below 11,300. Nifty pharma surged over 2% & FMCG traded in green while realty, IT, auto, banking & financials traded under selling pressure. The Nifty midcap index traded flat was down by 10 points.

In the afternoon session, the market continued to trade lower as Sensex dipped 250 points while Nifty struggled below 11,300. Nifty pharma & metal traded strong while banking & financials, realty, auto & IT traded lower. Nifty midcap index outperformed benchmark indices, was up 60 points.

In last hour of trade, the market slipped further as Sensex fell over 300 points while Nifty traded below 11,250 levels. The market ended the day on a weak note. Baring Nifty pharma & metal all sectoral indices closed in red led by banking & financials, auto, realty & IT. The Nifty midcap index closed ted higher, was up 21 points. Sensex closed 356.46 points down at 37,165.16, Nifty down by 101.50 points at 11,244.70.

Top Gainers

Lupin by 2.64% to Rs.866.50, Dr. Reddy by 2.26% to Rs.2,227, Power Grid by 1.98% to Rs.188.35, HindPetro by 1.77%to Rs.292.45, BPCL by 1.54% to Rs.402.10.

Top Losers

Kotak Bank by -2.61% to Rs.1,278.50, Bharti Airtel by -2.50% to Rs.372.45, Grasim by -2.40% to Rs.1,005.60, Maruti by -2.27% to Rs.9,129.40, M&M by -1.99% to Rs.911.25.

Analysis Of Top Gainer And Loser

Lupin is the top gainer in today's market as strong buying was seen in the stock. Also, in todays market pharma index remained strong.

Kotak Mahindra Bank is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Revenue collection from Goods and Services Tax (GST) steadily rose to Rs.96,483 crore in the month of July, from Rs.95,610 crore in June, data released by the Finance Ministry showed. The rise in revenue has been accompanied with increased compliance, with 66 lakh tax assesses filing GSTR 3B or summary returns for the month of July, as compared with 64.69 lakh in June. Despite a rise in revenue collection in July, the mop-up is still lower than the governments monthly target of Rs.1 lakh crore. The 2018-19 budget estimate for GST collection is Rs.12 lakh crore.

The U.S. Federal Reserve kept interest rates unchanged on Wednesday but characterized the economy as strong, keeping the central bank on track to increase borrowing costs in September. The Fed said economic growth has been rising strongly and the job market has continued to strengthen while inflation has remained near the central banks 2% target since its last policy meeting in June when it raised rates. The Feds decision left its benchmark overnight lending rate in a range of 1.75% to 2.00%.

Stocks To Watch

Aditya Birla Fashion & Retail Ltd. is on the upside while Marico Ltd. is on the downside.

ABFRL is currently trading at Rs.174.85, up by Rs.20.50 or 13.28% from its previous closing of Rs.154.35 on the NSE. The scrip opened at Rs.152.50 & has touched a high & low of Rs.180.90 and Rs.148.50 respectively. So far 1,86,77,915 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,377.81 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.184.40 on 07-September-2017 & a 52 week low of Rs.132.10 on 19-July-2018.

Marico is currently trading at Rs.348.65, down by Rs.19.85 or 5.39% from its previous closing of Rs.368.50 on the NSE. The scrip opened at Rs.369.45 & has touched a high and low of Rs.370.35 & Rs.348.40 respectively. So far 68,61,034 (NSE) shares were traded on the counter. The current market cap of the company is Rs.45,296.43 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.374.75 on 27-July-2018 and a 52 week low of Rs.284.15 on 06-February-2018.

Share Market News 01-August-2018


Market Ends The Record Run After RBI Hikes Repo Rate; Nifty Below 11,350

The Benchmark indices started on a flat note as Sensex was up 30 points & Nifty hit fresh high 11,371. The equity market traded cautiously as Sensex fell over 50 points while Nifty below 11,350 ahead of MPC outcome. Nifty pharma & IT hold the market while bank, auto & realty dragged market. Nifty midcap index outperformed benchmark indices, traded 50 points higher.

In the afternoon session, the market continued to trade lower as Sensex was down 75 points while Nifty around 11,350 ahead of MPC outcome. Nifty pharma, media & IT witnessed strong buying while banking, metal & auto under selling pressure. The Nifty midcap index also erased gains, traded flat.

In last hour of trade, the market remained mix after RBI hikes Repo rate as Sensex was down 25 points while Nifty traded above the 11,350 mark. The market halt record highs after RBI MPC hikes rate by 25 bps to 6.50%. Nifty pharma, IT, FMCG & PSU bank rise 0.5-1.5% while banking & financials, auto & metal ended in red. Nifty midcap index outperformed benchmark indices, closed 28 points higher. Sensex closed 84.96 points down at 37,521.62, Nifty down by 10.30 points at 11,346.20.

Top Gainers

Coal India by 3.60% to Rs.270.50, Lupin by 2.38% to Rs.844.00, IOC by 2.34% to Rs.168.20, Infratel by 2.25%to Rs.293.10, Dr. Reddy by 2.22% to Rs.2,175

Top Losers

Hindalco by -2.53% to Rs.208.00, ICICI Bank by -2.38% to Rs.297.00, Maruti by -2.03% to Rs.9,327, VEDL by -1.91% to Rs.217.95, Tata Steel by -1.70% to Rs.553.50.

Analysis Of Top Gainer And Loser

Coal India is the top gainer in today's market after the state-run company is considering outsourcing coalbed methane production to global operators and will set aside Rs.3,000 crore to part-finance the initiative, company executives said.

Hindalco is the top loser in today's market as some sort of selling pressure was seen in the stock.

Key Market News

RBIs Policy Review:-

RBI hikes Repo Rate by 25 bps to 6.50%, Reverse repo rate at 6.25%

MPCs remains sanguine on GDP growth retained at 7.4% for FY19

MFS, Bank rate adjust at 6.75%

RBI's Monetary Policy Committee maintains neutral stance

Inflation is projected at 4.6% in Q2, 4.8% in H2 of 2018-19 and 5.0% in Q1,

Banks, NBFCs allowed to co-originate loans for priority sector.

Buoyed by an expansion in output of cement, refinery & coal, Indias infrastructure industries grew at a 7-month high of 6.7% in June, official data showed on Tuesday. Core sector had grown 4.3% in May 2018.

Growth in India's manufacturing industry slowed last month, largely pressured by a modest weakening in demand and output. The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, decreased to 52.3 in July from June's 53.1, below a Reuters' poll median of 53.0.

Stocks To Watch

JK Paper Ltd. is on the upside while Tata Global Beverages Ltd. is on the downside.

JK Paper is currently trading at Rs.140.20, up by Rs.13.95 or 11.05% from its previous closing of Rs.126.25 on the NSE. The scrip opened at Rs.135.10 & has touched a high & low of Rs.144.80 and Rs.132.75 respectively. So far 93,31,482 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,490.95 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.169.90 on 05-January-2018 & a 52 week low of Rs.88.70 on 11-August-2017.

Tata Global is currently trading at Rs.235.10, down by Rs.11.80 or 4.78% from its previous closing of Rs.246.90 on the NSE. The scrip opened at Rs.248.70 & has touched a high and low of Rs.254.95 & Rs.234.35 respectively. So far 1,32,72,609 (NSE) shares were traded on the counter. The current market cap of the company is Rs.14,888.35 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.328.75 on 15-January-2018 and a 52 week low of Rs.152.05 on 11-August-2017.

Share Market News For July-2018

Share Market News 31-July-2018


Strong Earnings Help Sensex, Nifty Clock 2nd-Best Month Of 2018

The Benchmark indices opened on a lower note as Sensex fell 100 points & Nifty tested 10,300. The equity market extended losses as Sensex was down over 120 points while Nifty traded below 11,300. Nifty realty index rose over 2% followed by pharma & IT while banking & financials, metal & FMCG traded in red. Nifty midcap index outperformed benchmark indices, traded 32 points higher.

In the afternoon session, the market continued to trade lower as Sensex was down 70 points while Nifty hold above 11,300. Financials took a hit among sectoral indices along with metals & FMCG while energy, pharma and IT were the top gainers. Nifty midcap index continued to trade higher, was up 50 points.

In last hour of trade, the market gathered buying again as Sensex rose 50 points while Nifty traded well above 11,300 mark. The market continued their uptrend on 4th day to hit fresh high. Nifty IT, realty, pharma, metal, auto & FMCG index traded higher while banking & financials traded closed in red. Nifty midcap index outperformed benchmark indices, closed 75 points higher. Sensex closed 112.18 points up at 37,606.58, Nifty up by 36.95 points at 11,356.50.

Top Gainers

Tech Mahindra by 3.75% to Rs.680.00, Dr. Reddy by 3.04% to Rs.2,130, Reliance by 2.84% to Rs.1,184.15, Hindustan Unilever by 2.62%to Rs.1,733, Adani Ports by 2.60% to Rs.400.95.

Top Losers

Axis Bank by -3.77% to Rs.548.20, IBULHSGFIN by -3.34% to Rs.1,295.95, Eicher Motors by -2.79% to Rs.27,798, HDFC by -1.97% to Rs.1,988.80, Tata Motors by -1.46% to Rs.263.60.

Analysis Of Top Gainer And Loser

Tech Mahindra is the top gainer in today's market after on Monday reported 12.4% rise in consolidated net profit at Rs.897.9 cr. for Q1 FY19 as against Rs.798.6 cr. in the corresponding quarter of the last fiscal.

Axis Bank is the top loser in today's market as its net profit for Q1 FY19 fell 46.3% YoY to Rs.701 crore as against Rs.1,306 cr. in the same quarter of the last fiscal.

Key Market News

Indias fiscal deficit exceeded the halfway mark of its budgetary estimate 2 months into the new financial year. Fiscal deficit, the gap between the govt's revenue & expenditure, rose to Rs.3.45 lakh crore at the end of May, according to data released by the Controller General of Accounts. Thats 55.3% of the targeted Rs.6.24 lakh crore in 2018-19. The gap is lower than what it was in May last year, at 68.3% of the FY18 target, as the govt. had front-loaded expenditure to kickstart the investment cycle.

Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, on oversupply concerns after a report showed OPECs output in July rose to its highest for 2018. A Reuters survey showed the Organization of the Petroleum Exporting Countries (OPEC) increased production in July. OPEC hiked production by 70,000 barrels per day (bpd) to 32.64 million bpd, the most this year. The group has pledged to reduce the amount of oil output they are curtailing to offset the loss of Iranian supply as looming sanctions have already started to cut exports from OPECs third-largest producer.

Stocks To Watch

Bharat Electronics Ltd. is on the upside while Redington (India) Ltd. is on the downside.

BEL is currently trading at Rs.117.90, up by Rs.10.10 or 9.37% from its previous closing of Rs.107.80 on the NSE. The scrip opened at Rs.108.40 & has touched a high & low of Rs.119.65 and Rs.107.20 respectively. So far 2,57,07,218 (NSE) shares were traded on the counter. The current market cap of the company is Rs.28,252.30 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.193.40 on 29-November-2017 & a 52 week low of Rs.96.70 on 19-July-2018.

Redington is currently trading at Rs.107.65, down by Rs.16.80 or 13.50% from its previous closing of Rs.124.45 on the NSE. The scrip opened at Rs.125.00 & has touched a high and low of Rs.128.65 & Rs.106.60 respectively. So far 41,28,042 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,361.88 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.209.90 on 10-November-2017 and a 52 week low of Rs.102.30 on 29-June-2018.

Share Market News 30-July-2018


Sensex, Nifty Extend Record Closing Spree Led By ICICI Bank & RIL

The Benchmark indices clocked a fresh high in opening trade as Sensex rose 100 points & Nifty above 11,300. The equity market off days high as Sensex was up 40 points while Nifty near 11,300. Nifty PSU bank surged over 3% followed by pharma, metal while IT, auto & financials witnessed some selling pressure. The Nifty midcap index gave all opening gains, was down 45 points.

In the afternoon session, the market traded higher as Sensex rose 130 points while Nifty traded above the 11,300 mark. Baring IT index all sectoral indices traded in green led by PSU bank which rose 4.5% followed by pharma, metal, auto & FMCG. The Nifty midcap index also edged higher, rose 40 points.

In last hour of trade, the market continued to trade at fresh high as Sensex surged 175 points while Nifty above 11,300. The market started the week on a strong note. Nifty PSU bank surged 4.3% followed by banking & financials, pharma & metal while IT index corrected over half a percent. Nifty midcap index underperformed benchmark indices, closed 20 points higher. Sensex closed 157.55 points up at 37,494.40, Nifty up by 41.20 points at 11,319.55.

Top Gainers

Bharti Airtel by 5.68% to Rs.385.40, ICICI Bank by 4.88% to Rs.307.50, SBIN by 3.40% to Rs.296.50, Axis Bank by 2.85%to Rs.569.00, Ultratech Cement by 2.80% to Rs.4,240.

Top Losers

HDFC Bank by -1.70% to Rs.2,164.70, Infosys by -1.63% to Rs.1,351, HCL Tech by -1.61% to Rs.947.95, HDFC by -1.53% to Rs.2,016, Bajaj Finance by -1.46% to Rs.2,674.10.

Analysis Of Top Gainer And Loser

Bharti Airtel is the top gainer in today's market after the company posted surprise profit in Q1 earnings last week as brokerages gave thumbs up.

HDFC Bank is the top loser in today's market as some profit booking was seen in the stock ahead of the fundraising plan.

Key Market News

The Reserve Bank of India (RBI) is likely to maintain status quo on the key interest rate on Wednesday notwithstanding elevated oil prices and govt.s announcement to steeply hike minimum support price for Kharif crops, say experts. The central bank had increased the benchmark short term lending rate (repo rate) by 0.25% to 6.25% in its last monetary policy review in June on inflationary concerns. RBI governor Urjit Patel-headed monetary policy committee (MPC) will begin its 3-day deliberations on Monday in Mumbai to decide on the interest rate. The decision of the second bi-monthly monetary policy review of 2018-19 will be made public on the afternoon of August 1.

Growth in Chinas factory sector is expected to have slowed for a second month in July amid softer domestic investment and as the worsening trade dispute with the United States clouds the outlook for external demand. The official manufacturing Purchasing Managers Index (PMI) is expected to fall to 51.3 in July from 51.5 in June, according to the median forecast of 28 economists in a Reuters poll. The 50-mark divides expansion from contraction on a monthly basis.

Stocks To Watch

Bank of Baroda Ltd. is on the upside while Max Financial Services Ltd. is on the downside.

Bank of Baroda is currently trading at Rs.152.15, up by Rs.14.30 or 10.37% from its previous closing of Rs.137.85 on the NSE. The scrip opened at Rs.149.00 & has touched a high & low of Rs.153.30 and Rs.144.65 respectively. So far 6,97,16,569 (NSE) shares were traded on the counter. The current market cap of the company is Rs.40,145.71 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.206.65 on 26-October-2017 & a 52 week low of Rs.109.50 on 02-July-2018.

Max Financial is currently trading at Rs.478.75, down by Rs.16.50 or 3.33% from its previous closing of Rs.495.25 on the NSE. The scrip opened at Rs.499.40 & has touched a high and low of Rs.499.40 & Rs.463.35 respectively. So far 12,23,710 (NSE) shares were traded on the counter. The current market cap of the company is Rs.12,887.98 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.652.90 on 19-September-2017 and a 52 week low of Rs.403.25 on 05-July-2018.

Share Market News 26-July-2018

Sensex, Nifty End At Record High Due To Strong Earnings Momentum

The Benchmark indices started on a higher note as Sensex rose 100 points & Nifty above the 11,150 mark. The equity market hit fresh record high & hovered around that level as Sensex was up over 100 points while Nifty above 11,150. Nifty bank & financials, auto & FMCG traded strong while IT, metal & media traded lower. Nifty midcap index outperformed frontliners, was up 80 points.

In the afternoon session, the market was off days high as Sensex was up nearly 100 points & Nifty hovered around 11,150. Nifty banks & financials, realty & pharma remained strong while media, metal, IT & auto traded under selling pressure. The Nifty midcap index continued to outperform the market, was up 0.4%.

In the last hour of trade, the market continued to trade higher as Sensex was up 100 points while Nifty above 11,150 mark. The market ended at record highs on July F&O expiry. Nifty PSU bank surged over 5% followed by financials, realty, pharma & FMCG ended in green while IT, auto, metal & media index closed lower. Nifty midcap index outperformed benchmark indices, closed 109 points higher. Sensex closed 126.41 points up at 36,984.64, Nifty up by 35.30 points at 11,167.30.

Top Gainers

SBIN by 6.40% to Rs.289.25, Eicher Motors by 3.71% to Rs.28,300, Power Grid by 3.67% to Rs.182.10, Grasim by 3.62%to Rs.1,021.50, ICICI Bank by 3.51% to Rs.284.30.

Top Losers

Yes Bank by -4.03% to Rs.367.45, Maruti by -3.78% to Rs.9,390, IOC by -2.21% to Rs.159.50, HindPetro by -1.79% to Rs.276.90, BPCL by -1.76% to Rs.388.70.

Analysis Of Top Gainer And Loser

SBIN is the top gainer in today's market after it said it expects to recover half of the assets that turned sour in the initial 12 large bad loan accounts that were identified for bankruptcy resolution.

Yes Bank is the top loser in today's market despite meeting the Street's estimates in Net Profit part but its provisions for bad loans rose 56% sequentially to Rs.625.65 crore in the June quarter, that hurt the sentiment of the investors.

Key Market News

US President Donald Trump and European Commission chief Jean-Claude Juncker today agreed on a plan to defuse the festering trade dispute between the two major economies. The agreement, though short on details, means Washington will not follow through with a threat to impose tariffs on autos, which would hurt the dominant German car industry. The outcome seemed a victory for Trump, who had assured supporters that his confrontational trade strategy would bear fruit, and who appears to have conceded little in the talks with the EU.

Payroll count based on Employees Provident Fund Organisation (EPFO) showed that 7.43 lakh jobs were added in May this year. A total of 44.74 lakh jobs were added in the formal economy during September-May 2017-18, government data showed. Of the 44.74 lakh, new jobs added across age groups, 29.61 lakh or 66.1 percent were created in the 18-25 age group, considered a proxy for new jobs. The EPFO manages social security funds of workers in the organised and the semi-organised sectors and has, at present, 6 crore members with an active contribution.

Stocks To Watch

Welspun Corp Ltd. is on the upside while Intellect Design Arena Ltd. is on the downside.

Welspun Corp is currently trading at Rs.130.70, up by Rs.18.95 or 16.96% from its previous closing of Rs.111.75 on the NSE. The scrip opened at Rs.112.65 & has touched a high & low of Rs.133.80 and Rs.108.30 respectively. So far 1,44,91,073 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,360.41 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.197.15 on 22-January-2018 & a 52 week low of Rs.102.75 on 20-July-2018.

Intellect Design is currently trading at Rs.191.95, down by Rs.18.10 or 8.62% from its previous closing of Rs.210.05 on the NSE. The scrip opened at Rs.202.00 & has touched a high and low of Rs.202.00 & Rs.186.35 respectively. So far 11,12,597 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,424.65 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.227.00 on 13-June-2018 and a 52 week low of Rs.96.50 on 11-August-2017.

Share Market News 25-July-2018


Sensex Ends At Record High For A 3rd Day; Nifty At 11,130

The Benchmark indices had subdued start with Sensex rose 60 points & Nifty eyed the 11,150 mark. The equity market after hitting fresh high off days high as Sensex was up 30 points while Nifty above 11,100. The Nifty metal rallied over 1% followed by financials & PSU bank while media, pharma & IT traded under pressure. Nifty midcap index outperformed frontline indices, was up 0.2%.

In the afternoon session, the market traded higher as Sensex rose around 100 points while Nifty near 11,150. Among sectoral indices, metals continued to be the top gainers, while pharma, IT & infra names continued to lag. Among broader markets, midcaps traded strong was up almost half a per cent.

In the last hour of trade, the market remained strong as Sensex rose 90 points while Nifty near the 11,150 mark. The market ended on anti-climax note. Among sectoral index Nifty metal, PSU bank & financials rose 0.5-1.5% while realty, pharma, media, auto & IT ended in red, was down 0.5-1.5%. The Nifty midcap index also closed on a flat note due to last hour selling pressure, rose 9 points. Sensex closed 33.13 points up at 36,858.23, Nifty down by 2.30 points at 11,132.00.

Top Gainers

IBULHSGFIN by 3.80% to Rs.1,306, Bajaj Finserv by 1.79% to Rs.6,950, SBIN by 1.69% to Rs.271.35, UPL by 1.56%to Rs.640.00, Adani Ports by 1.52% to Rs.398.55.

Top Losers

NTPC by -4.10% to Rs.151.00, Lupin by -2.92% to Rs.797.00, HCL Tech by -2.68% to Rs.965.00, Ultratech Cement by -2.61% to Rs.4,028.95, Axis Bank by -2.59% to Rs.531.95.

Analysis Of Top Gainer And Loser

Indiabulls Housing Finance is the top gainer in today's market as strong buying was continued to see in the stock ahead of Q1 earnings.

NTPC is the top loser in today's market after Indian government is in talks to sell its stake in hydropower producer NHPC to the electricity generator NTPC.

Key Market News

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year's general election, but rising oil prices pose the biggest downside risk, a Reuters poll of economists showed. The over $2 trillion economies, which surpassed France recently to become the world's sixth-largest economy, is expected to grow 7.4% in the fiscal year ending in March 2019 and 7.6% next, according to average forecasts in the latest poll of nearly 70 economists, taken July 19-24.

The National Stock Exchange has written to capital and commodity market regulator SEBI, seeking approval to extend the time of equity derivatives trading till nearly midnight, sources told Moneycontrol. The NSE, India's top stock exchange, is looking to start a second trading session between 5:00 pm and 11:55 pm, only for equity derivatives, after the regular session ends at 3.30 pm. It is not clear whether trading will be held in single-stock derivatives or only index derivatives in the absence of a cash market during the second session.

Stocks To Watch

Navin Fluorine International Ltd. is on the upside while Hexaware Technologies Ltd. is on the downside.

Navin Fluor is currently trading at Rs.670.20, up by Rs.70.75 or 11.80% from its previous closing of Rs.599.45 on the NSE. The scrip opened at Rs.604.90 & has touched a high & low of Rs.699.00 and Rs.595.80 respectively. So far 12,63,423 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,343.05 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.880.00 on 26-December-2017 & a 52 week low of Rs.583.05 on 24-July-2018.

Hexaware is currently trading at Rs.454.10, down by Rs.42.00 or 8.47% from its previous closing of Rs.496.10 on the NSE. The scrip opened at Rs.466.00 & has touched a high and low of Rs.475.70 & Rs.450.65 respectively. So far 82,60,994 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,552.51 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.557.70 on 09-July-2018 and a 52 week low of Rs.239.40 on 24-July-2017.

Share Market News 24-July-2018


Earnings Optimism Sends The Market Close To Record High; Nifty Near 11,150

The Benchmark indices continued yesterdays rally as Sensex at fresh high was up 90 points & Nifty above 11,100. The equity market traded strong as Sensex rose 120 points while Nifty well above 11,100. Barring Nifty IT & FMCG all sectoral indices traded in green led by auto, metal, media, realty & pharma, rose 1-2.5%. Nifty midcap index outperformed frontline indices, surged over 1%.

In the afternoon session, the market continued to trade higher as Sensex was up 80 points while Nifty traded above 11,100. Nifty metal, realty, media, pharma & auto rallied 1-3% while IT, FMCG & private banks traded under pressure. Nifty midcap index continued to outperform frontliners, was up over a percent.

In the last hour of trade, the market traded near days high as Sensex rose 130 points while Nifty traded well above the 11,100 mark. The market ended the day on a strong note. Nifty Metals gained near 3%, followed by realty, pharma, media & PSU banks while IT, FMCG & Pvt. bank under pressure. The Nifty Midcap index continued to outperform benchmark indices, surged over 1.3% on strong market breadth. Sensex closed 106.50 points up at 36,825.10, Nifty up by 49.55 points at 11,134.30.

Top Gainers

Grasim by 8.20% to Rs.897.00, Hindalco by 5.63% to Rs.207.20, IBULHSGFIN by 5.27% to Rs.1,260.25, L&T by 3.74%to Rs.1,327, Ultratech by 3.00% to Rs.4,130.

Top Losers

Kotak Mahindra Bank by -2.00% to Rs.1,310.30, Hero Motocorp by -1.81% to Rs.3,108, HCL Tech by -1.54% to Rs.989.40, Bajaj Finance by -1.44% to Rs.2,716, Bajaj Auto by -1.35% to Rs.2,648.

Analysis Of Top Gainer And Loser

Grasim is the top gainer in today's market as a rally in ACCs shares spilled over to other cement stocks after ACC earnings where volume growth was strong. Grasim due to give the Q1 result on 14th August 2018.

Kotak Mahindra Bank is the top loser in today's market as some sort of selling pressure was seen in the stock.

Key Market News

An inter-creditor agreement, signed by a majority of the countrys lenders on Monday will be used to fast-track resolution for mid-sized stressed loan accounts, bankers involved in the process said. While large a/c with more than Rs.2,000 crore in debt will most likely need to be resolved under the IBC, loan a/c between Rs.50 crore to Rs.2,000 crore could be cleared faster using the inter-creditor agreement, they said. The lenders' pact is the first step in the Sashakt resolution plan proposed earlier this month. It is these accounts that bankers will focus on resolving, using the inter-creditor agreement and the AMC/AIF structure.

Oil traded near the lowest level in a month as concerns that economic turmoil could slow global demand outweighed expectations for a seasonal decline in U.S. crude stockpiles. Prices are a little more bearish, although it is a more modest decline; we dont see a price collapse and its still high $60s, said David Lennox, a Sydney based resource analyst at Fat Prophets. In the U.S., nationwide crude stockpiles were expected to have dropped by 3.1 million barrels last week.

Stocks To Watch

ACC Ltd. is on the upside while Granules India Ltd. is on the downside.

ACC is currently trading at Rs.1,484.25, up by Rs.173.45 or 13.23% from its previous closing of Rs.1,310.80 on the NSE. The scrip opened at Rs.1,400 & has touched a high & low of Rs.1,498.75 and Rs.1,400 respectively. So far 75,18,029 (NSE) shares were traded on the counter. The current market cap of the company is Rs.27,665.76 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,869.75 on 13-September-2017 & a 52 week low of Rs.1,255.65 on 17-July-2018.

Granules is currently trading at Rs.91.10, down by Rs.3.30 or 3.50% from its previous closing of Rs.94.40 on the NSE. The scrip opened at Rs.96.25 & has touched a high and low of Rs.96.45 & Rs.88.80 respectively. So far 1,09,37,896 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,330.03 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.150.00 on 15-January-2018 and a 52 week low of Rs.71.55 on 05-June-2018.

Share Market News 23-July-2018


Sensex Ends At Record As Modi Slashes Tax, Wins Trust Vote

The Benchmark indices started the week on a positive note as Sensex rose 70 points & Nifty well above 11K. The equity market held on the gains as Sensex was up 85 points while Nifty traded above 11,000. Nifty FMCG rose over 2% & pharma traded higher while IT, auto & metal traded under pressure. Nifty midcap index underperformed frontline indices, traded flat.

In the afternoon session, the market remained higher as Sensex was up 75 points while Nifty held the 11K level. Nifty FMCG surged over 2% followed by realty, pharma & PSU banks while auto fell over 1% followed by IT & bank. Nifty midcap index started to see strong buying with frontliners, was up 0.33%.

In the last hour of trade, the market rallied further as Sensex surged over 200 points while Nifty traded well above 11,050 levels. The market ended on a bullish note. Baring IT all sectoral indices ended in green led by FMCG, PSU bank, Realty, metal & bank which rose 0.5% to 2.5%. Nifty midcap index outperformed frontline indices on positive market breadth, surged 200 points. Sensex closed 222.23 points up at 36,718.60, Nifty up by 74.55 points at 11,084.75.

Top Gainers

UPL by 15.52% to Rs.634.90, VEDL by 4.10% to Rs.210.70, Bajaj Finserv by 2.84% to Rs.6,920, Adani Ports by 3.63%to Rs.383.50, ITC by 3.63% to Rs.283.95.

Top Losers

Hero Motocorp by -6.58% to Rs.3,154.85, Bajaj Auto by -5.34% to Rs.2,688.10, Wipro by -2.49% to Rs.275.95, HDFC Bank by -1.80% to Rs.2,149.70, Grasim by -1.71% to Rs.923.00.

Analysis Of Top Gainer And Loser

UPL is the top gainer in today's market after brokerages gave thumbs up to Arysta deal saying it would be value accretive for approx. $4.2 billion in cash consideration subject to customary closing conditions & regulatory approvals.

Hero Motocorp is the top loser in today's market as investors were worried about the margin after Bajaj auto managements comment. Hero Motocorp is due to report its Q1 number on Wednesday, 25th July 2018.

Key Market News

A nine-hour long meeting of the GST Council ended with several important decisions rate cuts, a simplified return filing process, benefit of input credit refund for the textile sector and a benign tax regime for composition dealers, among others. The GST Council has reduced the tax rate on over 50 goods, including washing machines, refrigerators, vacuum cleaners, paints, ethanol, cosmetics, sanitary napkins. The changes in tax rate would come into effect from July 27, 2018, said a press release issued by the Ministry of Finance.

The BJP-led National Democratic Alliance (NDA) government comfortably defeated the Opposition's no-confidence motion as PM Narendra Modi spared no punches in replying to Congress President Rahul Gandhis hug and wink spell in the Lok Sabha on Friday. The no-confidence motion was defeated with 325 members voting against it (in the governments favour) & 126 for the motion (backing the opposition). While the BJD walked out before the debate started in the morning, Shiv Sena remained absent during the debate.

Stocks To Watch

UPL Ltd. is on the upside while The South Indian Bank Ltd. is on the downside.

UPL is currently trading at Rs.634.90, up by Rs.85.30 or 15.52% from its previous closing of Rs.549.60 on the NSE. The scrip opened at Rs.572.80 & has touched a high & low of Rs.639.50 and Rs.561.10 respectively. So far 2,38,05,782 (NSE) shares were traded on the counter. The current market cap of the company is Rs.32,172.63 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.902.50 on 01-August-2017 & a 52 week low of Rs.537.25 on 19-July-2018.

SouthBank is currently trading at Rs.18.40, down by Rs.4.10 or 18.22% from its previous closing of Rs.22.50 on the NSE. The scrip opened at Rs.20.50 & has touched a high and low of Rs.20.50 & Rs.18.25 respectively. So far 7,69,65,162 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,365.67 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.34.75 on 09-January-2018 and a 52 week low of Rs.18.25 on 25-July-2018.

Share Market News 18-July-2018


The Market Ends Lower As Govt Gets No-Confidence Motion, Nifty Below 11K

The Benchmark indices started on a strong note as Sensex rose 200 points & Nifty above the 11,050 mark. The equity market maintained uptrend as Sensex was up over 100 points while Nifty above 11,050. Nifty metal & PSU bank index fell over 1% while IT, private bank, NBFCs & auto supported the market. Nifty midcap index underperformed frontline indices, fell over half a percent.

In the afternoon session, the market turned negative as Sensex fell 100 points while Nifty slipped below 11.000. Baring financial services all other sectoral indices traded in negative led by metal, realty, auto, FMCG, pharma & PSU bank, fell .6%-2%. Nifty midcap index underperformed frontliners, was down 170 points.

In the last hour of trade, selling continued in the market as Sensex was down 130 points while Nifty struggled below 11,000. The market ended on a lower note due to selling pressure. In the sectoral indices, major cuts seen in metal, realty, auto, FMCG & banking while IT index was the only sectoral index gainer. Nifty midcap index underperformed frontline indices on todays trade, dipped 1.05%. Sensex closed 146.52 points down at 36,373.44, Nifty down by 27.60 points at 10,980.45.

Top Gainers

IBULHSGFIN by 4.03% to Rs.1,199.05, ONGC by 2.66% to Rs.160.30, BPCL by 2.25% to Rs.401.50, HindPetro by 1.78%to Rs.286.30, IOC by 1.61% to Rs.167.10.

Top Losers

Tata Steel by -5.33% to Rs.504,00, Hindalco by -3.01% to Rs.212.90, VEDL by -2.95% to Rs.203.90, UPL by -2.54% to Rs.556.50, Tata Motors by -2.48% to Rs.251.55.

Analysis Of Top Gainer And Loser

Indiabulls Housing Finance is the top gainer in today's market as strong buying was seen in the stock. The company will report its Q1 Fy18-19 result on 2nd August 2018, which expected to be in a better side.

Tata Steel is the top loser in today's market as strong selling continued to witnessed in metal & steel stocks due to fear of trade war tension between Us & China where US growth looked better but China slowed down.

Key Market News

U.S. factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related disruption at an auto parts supplier, Federal Reserve data showed Tuesday. Factory output rose 0.8% (est. 0.7% gain) after falling a revised 1% (prev. 0.7% drop). Total industrial production, which also includes mines and utilities, increased 0.6% (est. 0.5% rise) after a revised 0.5% decrease.

The finance ministry on Tuesday approved an infusion of Rs.11,336 crore in five state-owned lenders including PNB, Corporation Bank and Andhra Bank to help them meet the regulatory capital requirement, sources said. This is the first ever capital infusion in the current fiscal and the remaining amount of Rs.53,664 crore would be disbursed during the course of the year. These banks have come under pressure because of interest paid to their bondholders of Additional Tier 1 (AT-1) bonds, the sources said.

Stocks To Watch

Bandhan Bank Ltd. is on the upside while Ashok Leyland Ltd. is on the downside.

Bandhan Bank is currently trading at Rs.599.00, up by Rs.36.25 or 6.44% from its previous closing of Rs.562.75 on the NSE. The scrip opened at Rs.564.00 & has touched a high & low of Rs.607.70 and Rs.564.00 respectively. So far 55,18,147 (NSE) shares were traded on the counter. The current market cap of the company is Rs.71,586.19 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.607.70 on 18-July-2018 & a 52 week low of Rs.455 on 27-March-2018.

Ashok Leyland is currently trading at Rs.110.45, down by Rs.18.10 or 14.08% from its previous closing of Rs.128.55 on the NSE. The scrip opened at Rs.129.75 & has touched a high and low of Rs.129.75 & Rs.109.30 respectively. So far 12,33,56,257 (NSE) shares were traded on the counter. The current market cap of the company is Rs.32,462.51 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.167.50 on 08-May-2018 and a 52 week low of Rs.98.60 on 11-August-2017.

Share Market News 17-July-2018


The Market Ended Higher On Easing Crude Oil Prices; Nifty Back Above 11K

The Benchmark indices started on a flat note as Sensex was down 25 points & Nifty started below 10,950. The equity market traded higher after flat opening as Sensex rose 50 points while Nifty above 10,950. Barring FMCG all other sectoral indices traded in green led by banking & financial, pharma & auto. Nifty midcap index outperformed frontline indices, was up nearly 1%.

In the afternoon session market continued to trade higher as Sensex rose 80 points & Nifty traded above 10,950. Except for FMCG all other sectoral indices traded in green led by banking & financials, metal, pharma, media, auto & OMCs. The nifty midcap index continued to outperform frontliners, rose over 1.5%.

In the last hour of trade, the market witnessed strong buying as Sensex surged 200 points while Nifty traded above 11K. The market closed on a positive note. Barring FMCG all sectoral indices closed higher led by banking & financials, metal, pharma, auto, media & realty, was up 1-4%. Nifty midcap index outperformed frontline indices on todays trade, surged 2.5%. Sensex closed 196.19 points up at 36,519.96, Nifty up by 71.20 points at 11,008.05.

Top Gainers

HindPetro by 7.15% to Rs.283.25, IOC by 4.89% to Rs.165.20, BPCL by 3.07% to Rs.393.95, Hindalco by 3.03%to Rs.219.50, Axis Bank by 3.01% to Rs.537.80.

Top Losers

Hindustan Unilever by -3.61% to Rs.1,688, Bharti Airtel by -1.40% to Rs.342.55, Dr. Reddy by -1.14% to Rs.2,070, Tech Mahindra by -1.11% to Rs.650.00, Eicher Motors by -1.00% to Rs.27,149.80.

Analysis Of Top Gainer And Loser

Hindustan Petroleum is the top gainer in today's market as oil prices fell for a 2nd day on Tuesday as worries about possible disruptions to supply eased & as investors focused on potential damage to global growth from the festering Sino-US trade spat. The Brent crude traded near $72 a barrel today.

Hindustan Unilever is the top loser in today's market after the company reported its quarterly result yesterday. Numbers were in line with expectations as revenue grew by 11.2%, Net profit rose 19.2% while volume growth stood at 12%.

Key Market News

The International Monetary Fund (IMF) has cut Indias GDP growth forecast by 10 basis points to 7.3% in the year 2019 and by 30 basis points to 7.5% in 2020, as the international body expects the central bank to tighten the monetary policy faster. The IMF said that rising oil prices, which have hit local demand coupled with fears of trade war could impact Indias GDP growth in both years. Anticipating inflationary risks, the Reserve Bank of India, in its June Monetary Policy meeting, hiked the repo rate by 25 bps to 6.25% for the first time in four-and-a-half years.

US retail sales rose solidly in June as household boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter, Reuters reported. The Commerce Department said on Monday retail sales increased 0.5% last month while data for May was revised to show sales rising 1.3%, the largest since September 2017, the report suggested.

Share Market News 16-July-2018


The Market Ends Lower After WPI Inflation Hits 4.5 Years High; Nifty Below 10,950

The Benchmark indices began the day on a flat note as Sensex was down 30 points & Nifty fell 18 points. The equity market slipped further as Sensex fell 60 points while Nifty slipped below 11K. Baring IT & FMCG all sectoral indices traded in red led by Pharma, metal, realty, banking & financials fell 0.5% to 3%. Nifty midcap index underperformed frontliners, was down over 1.5%.

In the afternoon session, the market continued the downward trend as Sensex was down 50 points while Nifty below 11K. Nifty IT & FMCG remained in green while all other sectoral indices traded in red with pharma, metal, realty, media, banking & financial fell 0.6% to 3.40%. Nifty midcap index was down 305 points.

In the last hour of trade, the market extended losses as Sensex tumbled over 200 points while Nifty slipped below 10,950. The market ended lower on sharp selloff. Baring IT, all sectoral indices closed in red led by pharma, metal, realty, media & PSU bank, dipped 2-4%. Nifty midcap index continued to underperformed frontline indices, fell 2.57%. Sensex closed 282.48 points down 217.86 at 36,323.77, Nifty down by 82.05 points at 10,936.85.

Top Gainers

Tech Mahindra by 2.58% to Rs.657.60, NTPC by 1.44% to Rs.155.15, Infosys by 1.41% to Rs.1,336, Yes Bank by 1.01%to Rs.379.80, Hindustan Unilever by 0.99% to Rs.1,759.95.

Top Losers

Dr. Reddy by -9.43% to Rs.2,083, Tata Steel by -7.12% to Rs.518.85, Lupin by -5.73% to Rs.816.00, Sun Pharma by -4.62% to Rs.533.90, Tata Motors by -4.02% to Rs.253.00.

Analysis Of Top Gainer And Loser

Tech Mahindra is the top gainer in today's market as some sort of a buying was seen in the stock ahead of Q1 FY19 earnings.

Dr Reddy is the top loser in today's market after the New Jersey District Court converted a temporary injunction into a preliminary injunction against the company that prevents it from launching generic Suboxone in the US market until patent litigation related to US Patent No. 9,931,305 is concluded.

Key Market News

India's wholesale inflation grew 5.77% in June driven by some food items and fuel prices, latest price data released by the commerce and industry ministry showed. WPI witnessed a growth of 4.43% in May and 0.90% in June 2017. Wholesale inflation rate, measured by Wholesale Price Index, is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices. The data for the month of April has been revised to 3.62% from 3.18% earlier.

Chinas economy expanded at a slower pace in the second quarter as Beijings efforts to contain debt hurt activity, while June factory output growth weakened to a 2 year low in a worrying sign for investment and exporters as a trade war with the US intensified. The worlds second-largest economy grew 6.7% in the last quarter year-on-year - matching expectations & looks set to meet the official 2018 growth target of around 6.5%, though the trade row with Washington, a slowing property market and lower shipments have sharply increased the risks to the outlook.

Stocks To Watch

Indraprastha Gas Ltd. is on the upside while DCB Bank Ltd. is on the downside.

IGL is currently trading at Rs.263.70, up by Rs.10.80 or 4.27% from its previous closing of Rs.252.90 on the NSE. The scrip opened at Rs.253.90 & has touched a high & low of Rs.264.50 and Rs.252.35 respectively. So far 53,20,621 (NSE) shares were traded on the counter. The current market cap of the company is Rs.18,410.02 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.344.90 on 01-January-2018 & a 52 week low of Rs.222.82 on 14-July-2017.

DCB Bank is currently trading at Rs.159.60, down by Rs.19.70 or 10.99% from its previous closing of Rs.179.30 on the NSE. The scrip opened at Rs.176.00 & has touched a high and low of Rs.176.00 & Rs.159.25 respectively. So far 1,03,42,053 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,988.93 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.206.50 on 09-January-2018 and a 52 week low of Rs.155.05 on 08-March-2018.

Share Market News 12-July-2018


Sensex Ends At All-Time High Led By Reliance; Nifty Above 11K

The Benchmark indices began on a green note as Sensex hit all-time high level as it rose 200 points & Nifty reclaimed the 11,000 mark. The equity market extended gains as Sensex surged over 300 points while Nifty back above 11,050. Baring IT & media all sectoral indices traded in green led banking & financials, metal, pharma & auto. The Nifty midcap index also traded in line with indices, surged 0.80%.

In the afternoon session, the market was off days high as Sensex was up over 300 points while Nifty held the 11,000 mark. The Nifty Midcap index saw some cooling off from the days high points, was down half a percent, while banking & financials, energy, and pharmaceuticals were the top gainers.

In the last hour of trade, the market continued to trade higher as Sensex was up 320 points while Nifty above 11,000 mark. The market closed the session on a strong note. Banking & financials, FMCG & Reliance led the rally while realty, auto, media & metal capped gains. Nifty midcap index underperformed the market, fell 81 points. Sensex closed 282.48 points up at 36,548.41, Nifty up by 74.90 points at 11,023.20.

Top Gainers

Reliance by 4.05% to Rs.1,080.90, BPCL by 2.89% to Rs.377.10, Bajaj Finance by 2.62% to Rs.2,417.20, Wipro by 2.46%to Rs.278.80, Bajaj Finserv by 2.40% to Rs.6,261.

Top Losers

UPL by -4.21% to Rs.578.05, VEDL by -2.87% to Rs.211.85, Bajaj Auto by -2.04% to Rs.3,097.15, Infosys by -1.97% to Rs.1,295, Grasim by -1.82% to Rs.961.00.

Analysis Of Top Gainer And Loser

Reliance is the top gainer in today's market as many international brokerages have given a thumbs up to the stock. Companys market cap. crossed $100 billion in todays trade & become second Indian company after TCS.

UPL is the top loser in today's market as strong selling pressure continued in the stock.

Key Market News

Chinese and U.S. officials have raised the prospect of resuming talks over trade between the two nations after President Donald Trump ratcheted up the pressure by announcing a huge new round of potential tariffs. After the U.S. unveiled a list of Chinese imports worth $200 billion that could face higher duties, Chinas Vice Minister of Commerce Wang Shouwen said: when we have a trade problem, we should talk about it. While that came amid fresh threats of retaliation from Beijing, it matches some willingness from the Trump team to resume talks at a high level, according to a person familiar with the administrations thinking.

India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India's gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. India's economy rebounded strongly from July 2017. India, with around 1.34 billion inhabitants, is poised to become the world's most populous nation, whereas the French population stands at 67 million. This means that India's per capita GDP continues to amount to just a fraction of that of France which is still roughly 20 times higher, according to World Bank figures.

Stocks To Watch

Balrampur Chini Mills Ltd. is on the upside while 8K Miles Software Services Ltd. is on the downside.

Balrampur Chini is currently trading at Rs.68.65, up by Rs.4.35 or 6.77% from its previous closing of Rs.64.30 on the NSE. The scrip opened at Rs.64.20 & has touched a high & low of Rs.68.90 and Rs.63.90 respectively. So far 1,05,43,383 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,587.58 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.182.50 on 13-September-2017 & a 52 week low of Rs.58.70 on 16-May-2018.

8K Miles is currently trading at Rs.340.80, down by Rs.37.85 or 10.00% from its previous closing of Rs.378.65 on the NSE. The scrip opened at Rs.378.90 & has touched a high and low of Rs.382.40 & Rs.340.80 respectively. So far 13,08,183 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,041.11 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,029.95 on 29-November-2017 and a 52 week low of Rs.313.80 on 03-July-2018.


Share Market News 11-July-2018


Market Lose Momentum Amid Raising Trade War Concern; Nifty Near 10,950

The Benchmark indices began the day on a flat note as Sensex held 36K & Nifty near 10,950 led by TCS. The equity market continued to trade flat as Sensex was down 10 points while Nifty below 10,950. Nifty IT index surged over 1% followed by FMCG & realty while metal & PSU bank fell 1-2%. Nifty midcap index also witnessed selling pressure, was down 70 points.

In the afternoon session, the market extended gains from flat as Sensex rose over 50 points while Nifty above 10,950. On sectorial indices front, selling pressure in PSU banks, metals and auto names, while IT stocks continued to stand tall. The Nifty midcap index is down around 0.40 percent.

In the last hour of trade, the market continued to trade higher Sensex rose nearly 100 points while Nifty hold above 10,950 levels. The market remained choppy but ended with slight gains. Nifty IT index rose over 2% while metal fell over 3% followed by PSU bank, auto & pharma space. Nifty midcap index underperformed the market, dipped half a percent on weak market breadth. Sensex closed 26.31 points up at 36,265.93, Nifty up by 1.05 points at 10,948.30.

Top Gainers

TCS by 5.06% to Rs.1,970, Infratel by 3.18% to Rs.315.00, Bajaj Auto by 2.43% to Rs.3,169, Hindustan Unilever by 1.83%to Rs.1,717.90, Reliance by 1.39% to Rs.1,040.

Top Losers

UPL by -5.40% to Rs.602.70, Coal India by -4.67% to Rs.265.45, Hindalco by -3.67% to Rs.220.65, VEDL by -3.47% to Rs.218.20, Tata Motors by -2.78% to Rs.267.80.

Analysis Of Top Gainer And Loser

TCS is the top gainer in today's market as the company profit grew 6.3% & revenue 6.8% sequentially, backed by recovery in banking vertical and maintaining momentum in industry verticals.

UPL is the top loser in today's market as strong selling pressure continues despite Deutsche Bank maintained buy rating with 40% upside.

Key Market News

The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports. The administration released a wide-ranging list of Chinese goods it proposes be hit with tariffs, including hundreds of food products as well as tobacco, coal, chemicals and tires, dog and cat food, and consumer electronics including TV. components. Last week, Washington imposed 25% tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. exports to China.

Tata Consultancy Services Ltd.s profit grew more than estimated as its North America business bounced back and recovery in its banking vertical continued. Net profit rose 6.3 percent sequentially to Rs.7,340 crore for the quarter ended June, TCS said in its filing with the stock exchanges. The bottom line surpassed the Rs.6,957 crore consensus estimate of analysts tracked by Bloomberg.

Stocks To Watch

Adani Enterprises Ltd. is on the upside while Sterlite Technologies Ltd. is on the downside.

Adani Enterprises is currently trading at Rs.123.80, up by Rs.9.70 or 8.50% from its previous closing of Rs.114.10 on the NSE. The scrip opened at Rs.114.50 & has touched a high & low of Rs.125.50 and Rs.114.10 respectively. So far 2,65,82,477 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,632.15 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.223.50 on 14-February-2018 & a 52 week low of Rs.100.85 on 02-July-2018.

Sterlite Tech. is currently trading at Rs.308.10, down by Rs.19.15 or 5.85% from its previous closing of Rs.327.25 on the NSE. The scrip opened at Rs.329.35 & has touched a high and low of Rs.332.00 & Rs.306.10 respectively. So far 24,62,787 (NSE) shares were traded on the counter. The current market cap of the company is Rs.12,460.00 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.415.00 on 24-January-2018 and a 52 week low of Rs.154.85 on 10-July-2017.

Share Market News 09-July-2018


Sensex Ends At 5-Months High, Nifty Above 10,850; Banks Lead

The Benchmark indices started on a strong note as Sensex jumped 250 points & Nifty reclaimed 10,800 led by heavy weights. The equity market continued to trade strong as Sensex rose nearly 200 points while Nifty above 10,800. All sectoral indices traded in green led by metal, pharma, auto, bank, IT & FMCG. Nifty midcap index outperformed frontliners, surged over 1%.

In the afternoon session, the market rallied further as Sensex surged over 250 points while Nifty topped 10,850. All sectoral indices were traded in the green with Metal, Pharma, Bank and Auto gained 1-1.5% followed by Realty, FMCG, IT. Nifty midcap index continued to outperformed indices, rose 1.30%.

In the last hour of trade, the market remained strong as Sensex rose nearly 300 points while Nifty hold above 10,850 levels. The market ended at 5-months high amid positive Asian market rally. All sectoral indices closed in green led by metal, pharma, banking & financials, auto, FMCG & IT, rose 0.5-1.5%. Nifty midcap index outperformed market, surged 1.60% on strong market breadth. Sensex closed 276.86 points up at 35,934.72, Nifty up by 80.25 points at 10,852.90.

Top Gainers

Asian Paint by 3.00% to Rs.1,362.80, Yes Bank by 2.91% to Rs.362.85, Dr. Reddy by 2.69% to Rs.2,330.10, VEDL by 2.69%to Rs.225.00, HCL Tech by 2.02% to Rs.963.00.

Top Losers

ULTRACEMCO by -1.57% to Rs.3,892.10, TCS by -1.50% to Rs.1,884.20, Titan by -1.16% to Rs.820.00, HDFC by -0.60% to Rs.1,905.40, Hero Motocorp by -0.55% to Rs.3,616.95.

Analysis Of Top Gainer And Loser

Asian Paints is the top gainer in today's market on the back of heavy volume. Board will consider first quarterly result on 24th July 2018.

Ultratech Cement is the top loser in today's market as some short of selling pressure was seen in the stock.

Key Market News

US adds 213,000 jobs in June, better than expected, but wage growth is light. The employment part of the economy continued to power forward in June, adding another 213,000 jobs though the unemployment rate rose to 4%, according to a government report Friday. Economists surveyed by Reuters had expected a nonfarm payrolls gain of 195,000 and the jobless rate to hold steady at 3.8%, which had been tied for the lowest since 1969. Another solid month of job gains provided little help to wages. In addition to the payroll gains, average hourly earnings rose 2.7% year over year, a bit below expectations of a 2.8% increase.

Cyrus Mistry lost the legal battle against Tata Sons Ltd. as the company law tribunal rejected all his allegations and ruled that the parent of Indias largest conglomerate had the right to remove him as its chairman. The NCLT found no merit in Mistrys allegations of operational mismanagement and oppression of minority shareholder. The court also found no merit in Mistrys argument that Ratan Tata and Tata Sons trustee NA Soonawala interfered in the governance of Tata Sons, according to the bench headed who had heard both the parties for nearly 4 months between October and February.

Stocks To Watch

Hexaware Ltd. is on the upside while AU Small Finance Bank Ltd. is on the downside.

Hexaware is currently trading at Rs.553.80, up by Rs.103.45 or 22.97% from its previous closing of Rs.450.35 on the NSE. The scrip opened at Rs.450.35 & has touched a high & low of Rs.557.70 and Rs.449.45 respectively. So far 67,47,445 (NSE) shares were traded on the counter. The current market cap of the company is Rs.15,107.98 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.557.70 on 09-July-2018 & a 52 week low of Rs.206.00 on 07-July-2017.

AUBank is currently trading at Rs.634.70, down by Rs.44.65 or 6.57% from its previous closing of Rs.679.35 on the NSE. The scrip opened at Rs.664.80 & has touched a high and low of Rs.664.80 & Rs.629.00 respectively. So far 10,83,555 (NSE) shares were traded on the counter. The current market cap of the company is Rs.18,253.60 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.748.40 on 27-April-2018 and a 52 week low of Rs.496.25 on 07-August-2017.

Share Market News 05-July-2018


RIL & Infosys Weighs Down The Market; Nifty Below 10,750

The Benchmark indices started flat amid weak Asian cues as Sensex fell 5 points & Nifty held 10,750. The equity market extended losses as Sensex was down 50 points while Nifty hovered around 10,750. In Nifty, private banks, NBFCs and FMCG index traded in green while IT, metal, realty & auto traded in the red. Nifty midcap index also traded lower, was down 75 points.

In afternoon the session, the market continued to trade lower as Sensex fell over 50 points while Nifty hold 10,750. Nifty IT, metal & realty was down over 15 while FMCG rose 1% followed by Pvt. banks & financials capped the losses. Nifty midcap index underperformed the market, fell nearly half a percent.

In the last hour of trade, the market continued to be rangebound as Sensex was down 100 points while Nifty below 10,750. The market remained choppy but ended marginally lower. FMCG, Pvt. bank supported the market while Reliance, IT, metal, pharma & realty stocks dragged the market. Nifty midcap index underperformed frontliners closed 128 points lower. Sensex closed 70.85 points down at 35,574.55, Nifty down by 20.15 points at 10,749.75.

Top Gainers

Yes Bank by 3.89% to Rs.348.60, ULTRACEMCO by 3.86% to Rs.3,936.85, ITC by 3.16% to Rs.272.75, Asian Paint by 2.65%to Rs.1,324, Coal India by 2.61% to Rs.271.25.

Top Losers

Titan by -5.70% to Rs.836.00, Infosys by -4.36% to Rs.1,286.50, VEDL by -3.88% to Rs.219.20, Reliance by -2.57% to Rs.964.65, Sun Pharma by -2% to Rs.567.70.

Analysis Of Top Gainer And Loser

Yes Bank is the top gainer in today's market as bank received a final approval from SEBI to start its mutual fund business after RBIs clearance.

Titan is the top loser in today's market after the company said its jewellery sales were impacted due to a decline in gold imports in June.

Key Market News

25 nations on global banks high risk List

China, UAE, Cyprus and significantly, Mauritius, along with 21 other countries have been tagged as high-risk jurisdictions by global banks acting as custodians for foreign funds which comprise the largest group of investors in the Indian stock market. Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny while NRIs and persons of Indian origin will run in.

The United States is "opening fire" on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant US measures go into effect as the two locked horns in a bitter trade war. The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect from Friday. US President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods if Beijing retaliates, with the row roiling financial markets including stocks, currencies and global trade of commodities from soybeans to coal.

Stocks To Watch

GATI Ltd. is on the upside while IDBI Bank Ltd. is on the downside.

GATI is currently trading at Rs.84.90, up by Rs.6.30 or 8.02% from its previous closing of Rs.78.60 on the NSE. The scrip opened at Rs.78.80 & has touched a high & low of Rs.85.40 and Rs.78.80 respectively. So far 25,59,567 (NSE) shares were traded on the counter. The current market cap of the company is Rs.911.57 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.154.45 on 17-January-2018 & a 52 week low of Rs.73.25 on 28-June-2018.

IDBI Bank is currently trading at Rs.47.55, down by Rs.4.20 or 8.12% from its previous closing of Rs.51.75 on the NSE. The scrip opened at Rs.52.00 & has touched a high and low of Rs.52.20 & Rs.47.00 respectively. So far 2,32,35,615 (NSE) shares were traded on the counter. The current market cap of the company is Rs.20,132.43 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.91.50 on 05-March-2018 and a 52 week low of Rs.47.00 on 05-July-2018.

Share Market News 04-July-2018


RIL & Banks Lift The Market For 2nd Day, Nifty Ends Above 10,750

The Benchmark indices opened flat as investors await June quarter earnings with Sensex rose 30 points & Nifty hold 10,700. The equity market stayed rangebound as Sensex was up 30 points while Nifty above 10,700. Reliance, pharma, some bank & auto stocks supported market while IT, PSU bank & realty stock traded lower. Nifty midcap index traded lower, was down 35 points.

In afternoon session market extended gains as Sensex rose over 150 points while Nifty near 10,750 despite correction in global market. Pvt. bank & financial, auto, pharma, Reliance led the rally while IT, media & PSU bank traded under pressure. Nifty midcap index underperformed market, was down 47 points.

In last hour of trade market rallied further as Sensex surged over 250 points while Nifty back above 10,750 levels. The market closed on a strong note led by Govt. clearance of MSP. Baring IT, media & PSU bank all sectoral indices closed in green led by auto, banking, financial & pharma while Nifty midcap index gained 26 points. Sensex closed 266.80 points up at 35,645.40, Nifty up by 70 points at 10,769.90.

Top Gainers

Bajaj Auto by 4.42% to Rs.2,988.80, Lupin by 3.86% to Rs.938.00, Maruti Suzuki by 2.78% to Rs.9,224.95, Bajaj Finserv by 2.55%to Rs.6,035, HDFC by 2.30% to Rs.1,922.85.

Top Losers

HindPetro by -2.59% to Rs.252.15, Grasim by -2.01% to Rs.966.00, Cipla by -1.98% to Rs.627.75, NTPC by -1.58% to Rs.152.55, VEDL by -1.32% to Rs.228.00.

Analysis Of Top Gainer And Loser

Bajaj Auto is the top gainer in today's market after the companys total sales grew 65% YoY at 404,429 units in June 2018, due to strong domestic performance in 2W and 3W segment led by new launches and healthy export 3W sales.

HindPetro is the top loser in today's market as crude oil prices remained higher due to uncertainty over production capacity.

Key Market News

Activity in India's service industry rebounded in June from a mild contraction the prior month, a private survey showed, expanding at its quickest pace in a year on the back of a surge in new business orders. The Nikkei/IHS Markit Services Purchasing Managers' Index climbed to 52.6 last month, its highest since June 2017, from 49.6 in May. The 50-mark separates growth from contraction. The recovery in services firms' activity, along with a robust pace of manufacturing growth reported on Monday lifted the composite PMI to 53.3, its highest level since October 2016.

The Union Cabinet on Wednesday approved the proposal to hike the Minimum Support Price (MSP) for Kharif crops, which was made in the Budget 2018 by Finance Minister Arun Jaitley. The MSP for paddy has been raised by around Rs.250 per quintal. The hike in MSP is one of the measures taken by the Narendra Modi government to end farmers woes in the country. In the Budget, the govt. proposed to hike MSP to one-and-half times of the procurement cost.

Stocks To Watch

Kiri Industries Ltd. is on the upside while Shriram Transport Finance Company Ltd. is on the downside.
Kiri Industries is currently trading at Rs.639.00, up by Rs.62.05 or 10.75% from its previous closing of Rs.576.95 on the NSE. The scrip opened at Rs.675.00 & has touched a high & low of Rs.682.35 and Rs.615.55 respectively. So far 26,99,461 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,012.21 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.682.35 on 04-July-2018 & a 52 week low of Rs.230.00 on 11-August-2017.

Shriram Transport Finance is currently trading at Rs.1,145, down by Rs.152.00 or 11.72% from its previous closing of Rs.1,297 on the NSE. The scrip opened at Rs.1,224.05 & has touched a high and low of Rs.1,224.05 & Rs.1,048 respectively. So far 1,83,92,412 (NSE) shares were traded on the counter. The current market cap of the company is Rs.25,976.82 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,668.75 on 27-April-2018 and a 52 week low of Rs.917.70 on 10-August-2017.

Share Market News 03-July-2018


Market Rebound After Posting Worst Start To 2nd Half, Nifty Near 10,700

The Benchmark indices opened flat despite weakness in Asian peers with Sensex fell 40 points & Nifty tested 10,650. The equity market gained strength as Sensex rose around 150 points while Nifty reclaimed 10,700. Nifty Auto, Pharma, IT & stocks like Reliance, HDFC bank led the rally. Nifty midcap index outperformed market, rose nearly half a percent.

In afternoon session market continued to hold gains as Sensex rose nearly 100 points while Nifty near 10,700 followed further recovery in Chinas & positive start in European market. Nifty pharma, IT , auto & Reliance hold the market while banks & pharma capped the gains. Nifty midcap index was up 0.38%.

In last hour of trade market continued to trade higher as Sensex rose 120 points & Nifty hovered around 10,700. The market ended higher as Global markets stage recovery. Nifty Nifty pharma, IT , auto & FMCG supported the market while metal & banking stocks capped gains. Nifty midcap index closed 166 points higher. Sensex closed 114.19 points up at 35,378.60, Nifty up by 42.60 points at 10,699.90.

Top Gainers

Cipla by 4.21% to Rs.643.00, Bajaj Finserv by 2.06% to Rs.5,897.55, Maruti Suzuki by 1.90% to Rs.8,988.75, Lupin by 1.87%to Rs.906.10, Sun Pharma by 1.69% to Rs.572.65.

Top Losers

VEDL by -3.69% to Rs.231.00, Infratel by -2.48% to Rs.291.50, ICICI Bank by -1.50% to Rs.273.25, HDFC by -0.79% to Rs.1,882.05, Ultratech Cement by -2.58% to Rs.1,113.

Analysis Of Top Gainer And Loser

Cipla is the top gainer in today's market as strong buying has been seen in the stock. Last month Pharma sector outperformed indices.

VEDL is the top loser in today's market as Vedanta Resources plc will delist from the LSE after promoter group made a cash offer to buyout about 33% of the public shareholding in the company.

Key Market News

China's exports to the United States in June rose 3.8% from a year earlier in yuan terms, 23.8% points lower than the growth rate seen a year earlier, the country's customs agency said late on Monday. For the first half of this year, customs said China's exports to the United States rose 5.4% from a year earlier compared with 19.3% for same period in 2017. The customs agency did not provide exact values for June and January-June exports or say how exports to the U S fared in dollar-denominated terms.

Unfavourable base effect, along with lower production of steel, crude oil & cement decelerated India's eight major industries' output in May 2018, official data showed on Monday. According to the Ministry of Commerce & Industry, the Index of Eight Core Industries (ECI) had risen by 3.6% during the month under review slower than the rise of 4.6% in April & 3.9% in May 2017. "The combined Index of ECI stands at 131.4 in May 2018, which was 3.6% higher as compared to the index of May, 2017," the ministry said in a statement. Its cumulative growth during April to May, 2018-19 was 4.1%.

Stocks To Watch

Tata Coffee Ltd. is on the upside while 8K Miles Software Services Ltd. is on the downside.Tata Coffee is currently trading at Rs.126.00, up by Rs.14.10 or 12.60% from its previous closing of Rs.111.90 on the NSE. The scrip opened at Rs.112.00 & has touched a high & low of Rs.134.00 and Rs.110.50 respectively. So far 67,44,878 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,359.84 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.183.50 on 29-November-2017 & a 52 week low of Rs.109.15 on 22-May-2018.

8K Miles is currently trading at Rs.314.50, down by Rs.77.70 or 19.81% from its previous closing of Rs.392.20 on the NSE. The scrip opened at Rs.340.00 & has touched a high and low of Rs.364.00 & Rs.313.80 respectively. So far 66,48,146 (NSE) shares were traded on the counter. The current market cap of the company is Rs.968.48 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,029.95 on 29-November-2017 and a 52 week low of Rs.313.80 on 03-July-2018.

Share Market News 02-July-2018


Market Post Worst Start Of Second Half Since 2010, Nifty Hold Above 10,650

The Benchmark indices started the week on a flat note as Sensex rose 30 points & Nifty above 10,700 amid mix asian cues. The equity market traded lower as Sensex fell over 200 points while Nifty below 10,650 amid trade war tension. All sectoral indices traded in red baring IT led by banking & financials, metal, realty & FMCG.

Nifty midcap index also traded lower over 1%. In afternoon session market extended losses as Sensex fell 250 points while Nifty struggled below 10,650 ahead of tariff implementation. All sectoral indices continued to trade under selling pressure baring IT. Nifty midcap index continued to underperform frontliners, was down over 1%.

In last hour of trade market off days low as Sensex 160 points while Nifty hovered around 10,650. The market ended lower dragged by global weakness. Nifty IT & PSU bank closed in green but all the other sectors ended in red. Nifty midcap index closed lower by 117 points. Sensex closed 159.07 points down at 35,264.41, Nifty down by 57.00 points at 10,657.30.

Top Gainers

Infosys by 2.34% to Rs.1,337.80, Asian Paints by 2.26% to Rs.1,293, Titan by 1.79% to Rs.894.25, UPL by 0.90%to Rs.624.40, Bajaj Auto by 0.81% to Rs.2,833.

Top Losers

Bharti Airtel by -3.52% to Rs.368.50, NTPC by -3.51% to Rs.154.05, Hindalco by -3.45% to Rs.222.55, Adani Ports by -2.85% to Rs.362.50, IBULHSGFIN by -2.58% to Rs.1,113.

Analysis Of Top Gainer And Loser

Infosys is the top gainer in today's market as strong buying has been in the stock & most of the brokerage houses has initiated buy in the stock. Also rupee depreciation will benefit IT companies.

Bharti Airtel is the top loser in today's market as selling pressure was seen in the stock as telecom index cracked nearly 3%.

Key Market News

Activity in Indias manufacturing sector gathered momentum, improving at the fastest pace in the year so far, supported by the strength in output and new orders. The Nikkei India Purchasing Managers Index improved to 53.1 in June from 51.2 in the previous month, according to a statement by IHS Markit, which compiles the index. A reading below 50 indicates contraction in activity, while a number above it signals expansion. Manufacturing activity in the country has remained above the 50-point-mark for the eleventh consecutive month.

The government has collected Rs 95,610 crore from goods and services tax (GST) in June, finance secretary Hasmukh Adhia said on Sunday, asserting that the new tax measure has settled down well and has hardly had any adverse impact on inflation. impact on inflation. GST collection in previous month of May was Rs.94,016 crore and monthly average in the last financial year was Rs.89,885 crore. Receipts from GST had crossed the Rs 1-lakh-crore mark in April due to the fiscal year-end effect and experts say that receipts may again spike in the months ahead as compliance rises and evasion is plugged.

Stocks To Watch

CG Power & Industrial Solution Ltd. is on the upside while Jindal Steel & Power Ltd. is on the downside.

CG Power is currently trading at Rs.58.75, up by Rs.2.80 or 5% from its previous closing of Rs.55.95 on the NSE. The scrip opened at Rs.56.00 & has touched a high & low of Rs.59.40 and Rs.55.50 respectively. So far 1,12,80,059 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,778.39 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.99.15 on 12-January-2018 & a 52 week low of Rs.46.75 on 27-June-2018.

Jindal Steel is currently trading at Rs.205.70, down by Rs.17.35 or 7.78% from its previous closing of Rs.223.05 on the NSE. The scrip opened at Rs.223.00 & has touched a high and low of Rs.223.15 & Rs.203.15 respectively. So far 1,69,30,391 (NSE) shares were traded on the counter. The current market cap of the company is Rs.20,036.49 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.294.30 on 23-January-2018 and a 52 week low of Rs.114.50 on 11-August-2017.

Share Market News For June-2018

Share Market News 28-June-2018


Nifty Ends June Series Below 10,600 As Rupee Down To All-Time Low

The Benchmark indices started mildly lower as Sensex shed 45 points & Nifty below 10,650 as Rupee fell to an all-time low. The equity market continued to trade lower as Sensex fell over 100 points while Nifty struggled below 10,650. All sectoral indices traded in red led by Realty, Banking & financials, and pharma as well. Nifty midcap index underperformed frontliners, was down 1%.

In the afternoon session, the market remained under selling pressure as Sensex fell 100 points while Nifty below 10,650. Weakness was dragged by Reliance, banking & financials, realty & media while metal traded in green. Nifty midcap continued to bleed in the market, was down over 1.5%.

In last hour of trade, the market extended losses as Sensex fell 200 points while Nifty slipped below 10,600. The market ended sharply lower on the F&O expiry day. Baring metal all the sectoral indices closed in red dragged by banking & financials, realty, pharma, IT, auto & FMCG. Nifty Midcap index continued to underperform benchmark indices, closed 1.85% lower. Sensex closed 179.47 points down at 35,037.64, Nifty down by 82.30 points at 10,589.10.

Top Gainers

NTPC by 1.76% to Rs.156.50, KotakBank by 1.62% to Rs.1,345.70, M&M by 1.61% to Rs.907.00, Hindalco by 1.45%to Rs.221.05, Bharti Airtel by 1.42% to Rs.381.00.

Top Losers

Tech Mahindra by -7.04% to Rs.664.00, HindPetro by -4.72% to Rs.261.15, Titan by -4.04% to Rs.834.50, IBULHSGFIN by -3.98% to Rs.1,134, BPCL by -3.68% to Rs.368.70.

Analysis Of Top Gainer And Loser

NTPC is the top gainer in today's market as some sort of a buying has been seen in the stock.

Tech Mahindra is the top loser in today's market as strong selling pressure was seen in the stock despite rupee depreciation against the dollar which cracked at the all-time low. Yesterday stock rose over 4%.

Key Market News

The Indian rupee fell to a lifetime low in the trade as a confluence of factors ranging from a stronger dollar, to higher oil prices, a wider current account deficit and foreign portfolio outflows pushed the currency lower. The rupee fell to 69.09 in intraday trade compared to yesterdays close of 68.63. The previous all-time intraday low for the rupee is 68.86 against the dollara level hit on Nov. 24, 2016. The all-time closing low stands at 68.82, breached on Aug. 28, 2013. So far this year, the Indian currency has weakened 8.1 percent, making it the worst performer in Asia.

Annual growth in Japanese retail sales slowed in May to its lowest in seven months, adding to worries about weak consumer spending that caused a first-quarter economic contraction. The 0.6 percent annual increase in retail sales in May was weaker than the median estimate for a 0.9 percent annual gain, following a revised 1.5 percent increase in April. Mays result marked the slowest growth since a 0.2 percent decline last October.

Stocks To Watch

CG Power & Industrial Solution Ltd. is on the upside while Jain Irrigation Ltd. is on the downside.

CG Power is currently trading at Rs.55.75, up by Rs.5.55 or 11.06% from its previous closing of Rs.250.0 on the NSE. The scrip opened at Rs.50.55 & has touched a high & low of Rs.56.20 and Rs.49.45 respectively. So far 3,44,45,737 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,566.69 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.99.15 on 12-January-2018 & a 52 week low of Rs.46.75 on 27-June-2018.

Jain Irrigation is currently trading at Rs.78.45, down by Rs.8.40 or 9.67% from its previous closing of Rs.86.85 on the NSE. The scrip opened at Rs.86.15 & has touched a high and low of Rs.86.25 & Rs.78.25 respectively. So far 1,57,47,355 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,963.48 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.150.40 on 29-January-2018 and a 52 week low of Rs.78.25 on 28-June-2018.

Share Market News 27-June-2018


The Market Closes At 3-Week Low Ahead Of F&O Expiry, Nifty Below 10,700

The Benchmark indices opened flat as Sensex rose 40 points & Nifty above 10,750, amid weakness in Asian peers. The equity market continued to consolidate as Sensex was down 50 points while Nifty fell below 10,750 ahead of F&O expiry. Nifty IT index rose over 1% while all other indices traded in red led by banking, metal, realty & auto. Nifty midcap index was down over 1%.

In the afternoon session, the market extended losses as Sensex fell over 200 points while Nifty breached 10,700. Except IT, which trimmed gains to half a percent, all sectoral indices traded in red led by banking, OMCs, realty, media, auto & financial. Nifty midcap underperformed the market, fell over 1.5%.

In last hour of trade market remained under selling pressure as Sensex fell 230 points while Nifty below 10,700. The market ended sharply lower amid weak global cues. Baring IT & pharma all sectoral indices closed in the red. Nifty Midcap index underperformed the market, closed 1.5% lower. Sensex closed 272.93 points down at 35,217.11, Nifty down by 97.75 points at 10,671.40.

Top Gainers

Tech Mahindra by 4.12% to Rs.716.20, Infratel by 2.41% to Rs.300.00, HCL Tech by 1.27% to Rs.922.00, HDFC Bank by 1.01%to Rs.2,114.90, Cipla by 1.00% to Rs.605.50.

Top Losers

BPCL by -8.33% to Rs.380.65, HindPetro by -7.87% to Rs.275.55, IOC by -6.83% to Rs.155.40, GAIL by -4.61% to Rs.326.00, UPL by -3.41% to Rs.618.00.

Analysis Of Top Gainer And Loser

Tech Mahindra is the top gainer in today's market as Dollar's strong performance in the past two weeks may have made the Indian Rupee weaker, but amid escalating trade and tariff-based concerns, this strengthening is a sunshine for the Indian technology industry.

BPCL is the top loser in today's market as oil prices continued to rise as the US pressed its allies to end all imports of Iranian oil by a November deadline and said it didnt want to offer any extensions.

Key Market News

Profits at China's industrial firms rose sharply in May, maintaining the previous month's sizzling pace despite signs of slowing momentum in the world's second-largest economy and an intensifying trade spat with the United States. Beijing is trying to walk a tightrope between supporting economic growth and tamping down financial risks, with policymakers freeing up more funds for lending by cutting required reserve levels for banks twice since April. The latest cut came on Sunday as authorities moved fast to temper any potential drag on growth from the heated Sino-US trade dispute.

Oil prices rose on Wednesday following supply disruptions in Libya and Canada and after US officials told oil importers to stop buying Iranian crude from November. The United States demanded all countries stop imports of Iranian oil from November, a State Department official said on Tuesday. Oil markets did not react more strongly to Washington's pressure as the move was expected. In addition, top exporter Saudi Arabia plans to raise output to make up for lost supplies.

Stocks To Watch

EID Parry India Ltd. is on the upside while NBCC Ltd. is on the downside.

EID Parry is currently trading at Rs.218.60, up by Rs.13.05 or 6.35% from its previous closing of Rs.205.55 on the NSE. The scrip opened at Rs.206.10 & has touched a high & low of Rs.227.80 and Rs.206.10 respectively. So far 10,20,558 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,900.08 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.392.00 on 05-January-2018 & a 52 week low of Rs.204.10 on 26-June-2018.

NBCC is currently trading at Rs.72.65, down by Rs.7.25 or 9.07% from its previous closing of Rs.79.90 on the NSE. The scrip opened at Rs.80.50 & has touched a high and low of Rs.80.50 & Rs.71.95 respectively. So far 1,13,76,776 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,284 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.291.30 on 08-November-2017 and a 52 week low of Rs.71.95 on 27-June-2018.

Share Market News 26-June-2018


Market Scrape Gains At The End Of A Volatile Session; Nifty Above 10,750

The Benchmark indices started on a negative note as Sensex slipped 100 points & Nifty below 10,750, amid trade war tension. The equity market traded higher as Sensex rose nearly 100 points while Nifty near 10,800. Except for Auto & Pharma all sectoral indices traded in green led by FMCG & HDFC. Nifty midcap index underperformed frontliners, was down 20 points.

In the afternoon session, the market erased all its gain & traded flat as Sensex was up 15 points while Nifty held 10,750. Nifty FMCG, IT & Media supported the market while metal, auto, realty capped the gains. Nifty midcap index continued to underperform frontline indices, was down 0.30%.

In last hour of trade, the market traded mildly higher as Sensex rose 120 points while Nifty near 10,800. The market closed flat after consolidation. Nifty FMCG, IT space supported the market while Reliance, auto & realty capped the market gains. Nifty Midcap index underperformed the market, was down 39 points. Sensex closed 19.69 points up at 35,490.04, Nifty up by 6.70 points at 10,769.15.

Top Gainers

Grasim by 2.93% to Rs.1,036, Coal India by 2.36% to Rs.265.10, Ultratech Cement by 2.21% to Rs.3,835, Hindalco by 2.15%to Rs.223.10, Asian Paints by 2.02% to Rs.1,278.75.

Top Losers

Tata Motors by -4.44% to Rs.276.55, Reliance by -2.63% to Rs.978.00, Cipla by -1.89% to Rs.599.85, Tata Steel by -1.83% to Rs.548.40, Bajaj Finserv by -1.65% to Rs.6,064.15.

Analysis Of Top Gainer And Loser

Grasim is the top gainer in today's market as strong buying was seen in the stock. Cement sector has underperformed market last year.

Tata Motors is the top loser in today's market despite company's strong investment in JLR for Rs.1.2 lakh in next three years.

Key Market News

As many as 41.26 lakh new jobs were created in the eight months between September 2017 and April 2018, with the largest-ever addition of 6.85 lakh in April alone as per the payroll data from the EPFO (Employees' Provident Fund Organisation), says Central Statistics Office (CSO). EPFO's data showed that April payroll number was the highest in the last eight months, indicating higher jobs creations than preceding 7 months. In the month of April, the maximum new payrolls of 1.87 lakh were recorded in the age bracket of 18 to 21 years followed by 1.80 lakh in 22 to 25 years bracket.

Prime Minister Narendra Modi on Tuesday pitched for greater long-term investment from multilateral development lender Asian Infrastructure Investment Bank (AIIB), spelt out Indias sound macroeconomic fundamentals and investor-friendly rules and regulations for businesses. He called upon the Beijing-headquartered bank to quadruple its financing to reach $40 billion by 2020 and escalate it 25 times to $100 billion by 2025. AIIB has already committed to invest in seven projects worth USD 1.4 billion towards infrastructure projects in India.

Stocks To Watch

Avanti Feeds Ltd. is on the upside while IDBI Bank Ltd. is on the downside.

Avanti Feeds is currently trading at Rs.599.00, up by Rs.77.90 or 14.95% from its previous closing of Rs.1,563.35 on the NSE. The scrip opened at Rs.538.00 & has touched a high & low of Rs.625.30 and Rs.535.95 respectively. So far 45,46,290 (NSE) shares were traded on the counter. The current market cap of the company is Rs.8,242.18 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.980.00 on 13-November-2017 & a 52 week low of Rs.411.67 on 05-June-2018.

IDBI Bank is currently trading at Rs.54.45, down by Rs.3.55 or 6.12% from its previous closing of Rs.58.00 on the NSE. The scrip opened at Rs.58.45 & has touched a high and low of Rs.58.45 & Rs.53.75 respectively. So far 2,07,23,625 (NSE) shares were traded on the counter. The current market cap of the company is Rs.22,787.48 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.91.50 on 05-March-2018 and a 52 week low of Rs.50.20 on 14-August-2017.

Share Market News 25-June-2018

Market Slide As Caution Prevails In F&O Expiry Week; Nifty Below 10,800

The Benchmark indices began the week on a flat note as Sensex down 20 points & Nifty hold 10,800. The equity market traded lower as Sensex fell 70 points while Nifty traded above 10,800. Nifty auto, banking & financials dragged the market while IT, pharma & metal prevented the market from further losses. The nifty midcap index gave up all the gains, was down 20 points.

In the afternoon session, the market corrected further as Sensex fell over 100 points while Nifty tested the 10,800 level. Nifty auto, PSU bank fell over 1% followed by realty & media also metal erased gains while IT & pharma continued to outperform the market. Nifty midcap index still traded in green territory.

In last hour of trade, the market extended losses as Sensex dipped 190 points while Nifty struggled below 10,800. The market ended at days low. Baring IT space, all other sectoral indices closed lower with 0.4% to 2% cut. Nifty Midcap index also fell in line with frontliners, was down 101 points. Sensex closed 219.25 points down at 35,470.35, Nifty down by 59.40 points at 10,762.45.

Top Gainers

ULTRACEMCO by 2.65% to Rs.3,737.55, Bajaj Finance by 2.10% to Rs.2,385.05, Infosys by 1.75% to Rs.1,269.70, Infratel by 1.66%to Rs.290.75, Lupin by 1.34% to Rs.915.00.

Top Losers

Tata Motors by -6.31% to Rs.288.55, HindPetro by -3.99% to Rs.298.75, ICICI Bank by -3.64% to Rs.289.70, BPCL by -3.37% to Rs.412.00, Coal India by -2.78% to Rs.257.50.

Analysis Of Top Gainer And Loser

Ultratech Cement is the top gainer in today's market as the news said that Binani Cements acquisition can make Ultratech market leader in North India.

Tata Motors is the top loser in today's market as caution gripped investors due to auto tariff threat by the US as well as weak JLR trends as well.

Key Market News

Brent crude oil prices continued to fall as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. OPEC and non-OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day (bpd) to tighten the market and prop up prices. Several ministers suggested that (rises) would correspond to a 0.7 million bpd increase in production," said US bank Goldman Sachs following the announcement of the agreement, although it added that were risks "that Iran production may be even lower than we assume" and that its output could fall further due to looming US sanctions.

The Monsoon session of Parliament would be held from July 18 to August 10. It will comprise 18 working days, reported ANI. Several amendments to the Goods and Services Tax law are likely to be placed before Parliament in the Monsoon Session, a senior official said today in Kolkata. There are several amendments to the GST which is proposed to come up during the Monsoon Session of Parliament, GST Council Special Secretary Arun Goyal said at a seminar organised by the Merchants Chamber of Commerce.

Stocks To Watch

PNB Housing Finance Ltd. is on the upside while KRBL Ltd. is on the downside.

PNB Housing is currently trading at Rs.1,225, up by Rs.152.45 or 14.21% from its previous closing of Rs.1,072.55 on the NSE. The scrip opened at Rs.1,111 & has touched a high & low of Rs.1,244 and Rs.1,105 respectively. So far 36,96,280 (NSE) shares were traded on the counter. The current market cap of the company is Rs.20,484.03 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,717.65 on 30-August-2017 & a 52 week low of Rs.1,051 on 22-June-2018.

KRBL is currently trading at Rs.374.95, down by Rs.93.70 or 19.99% from its previous closing of Rs.468.65 on the NSE. The scrip opened at Rs.468.55 & has touched a high and low of Rs.468.55 & Rs.374.95 respectively. So far 56,28,769 (NSE) shares were traded on the counter. The current market cap of the company is Rs.8,797.70 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.675.00 on 02-November-2017 and a 52 week low of Rs.371.15 on 30-June-2017.

Share Market News 21-June-2018


The Market Resumes Decline; Nifty Below 10,750 Ahead Of OPEC Outcome

The Benchmark indices started on a positive note as Sensex gained 90 points & Nifty near 10,800 amid positive Asian cues. The equity market traded rangebound as Investors monitor developments between US & China trade war. Heavyweights like Reliance, ICICI bank supported the market while PSU bank, FMCG & Auro remained under pressure. The midcap index also traded in the red.

In the afternoon session, the market continued to be rangebound as Sensex was up 30 points while Nifty above 10,750. Reliance, ICICI bank & financial stocks supported the market while PSU bank, pharma, FMCG & auto stocks bleeding. Nifty midcap index also fell third of a percent.

In last hour of trade, the market remained under pressure as Sensex fell 100 points while Nifty below 10,750 amid consolidation. The market ended lower after consolidation. OMCs, ICICI Bank, Reliance supported market while PSU bank, metal, pharma, auto & FMCG dragged the market most. Nifty Midcap index underperformed frontliners fell 106 points. Sensex closed 114.94 points down at 35,432.39, Nifty down by 30.95 points at 10,741.10.

Top Gainers

IOC by 4.02% to Rs.172.05, BPCL by 3.73% to Rs.426.00, HindPetro by 3.41% to Rs.318.40, ICICI Bank by 1.62%to Rs.297.95, Reliance by 1.21% to Rs.1,031.60.

Top Losers

M&M by -2.36% to Rs.883.10, Infratel by -2.23% to Rs.278.95, Dr. Reddy by -2.10% to Rs.2,318, Titan by -1.95% to Rs.871.00, Sun Pharma by -1.90% to Rs.553.40.

Analysis Of Top Gainer And Loser

IOC is the top gainer in today's market as Brent crude oil prices fell over 2% in the international market ahead of OPEC meet outcome due tomorrow.

M&M is the top loser in today's market as some selling pressure was seen in the stock as Auto sector underperformed in todays market.

Key Market News

All six members of Indias monetary policy committee agreed that interest rates needed to be increased to counter oil-driven price pressures and expectations of higher inflation in the future, show minutes of the June 6 meeting. The committee had voted unanimously to hike the benchmark repo rate by 25 basis points to 6.25% at the meet. This was the first rate hike in over four years. While there was a consensus that the time for a rate hike had come, there was also agreement among most members that the uncertain global and domestic environment justified a neutral stance. This would allow the committee to respond to emerging growth and inflation dynamics.

The global trade war deepened Thursday with China reiterating it will hit back if the latest tariff threats from Donald Trump materialise, while India followed the European Union in slapping retaliatory levies on U.S. goods. India raised tariffs on a slew of items in retaliation for the U.S. imposing higher levies on some products shipped from the South Asian nation, echoing steps taken by China, the European Union and other trading partners.

Stocks To Watch

Zen Technologies Ltd. is on the upside while Balrampur Chini Mills Ltd. is on the downside.

ZenTech is currently trading at Rs.109.00, up by Rs.6.95 or 6.81% from its previous closing of Rs.102.05 on the NSE. The scrip opened at Rs.104.00 & has touched a high & low of Rs.115.40 and Rs.97.45 respectively. So far 40,22,102 (NSE) shares were traded on the counter. The current market cap of the company is Rs.968.84 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.158.75 on 01-January-2018 & a 52 week low of Rs.46.45 on 28-September-2017.

Balrampur Chini is currently trading at Rs.67.20, down by Rs.4.05 or 5.68% from its previous closing of Rs.71.25 on the NSE. The scrip opened at Rs.71.15 & has touched a high and low of Rs.71.35 & Rs.67.00 respectively. So far 60,78,918 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,539.61 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.182.50 on 13-September-2017 and a 52 week low of Rs.58.70 on 16-May-2018.

Share Market News 20-June-2018


Reliance Helps The Market To Halts 2-Day Decline; Nifty Above 10,750

The Benchmark indices edged higher as Sensex gained over 100 points & Nifty reclaimed 10,750 amid mix global cues. The equity market extended recovery as Sensex rose over 150 points while Nifty above 10,750 followed recovery in Asian peers. Except IT & FMCG all sectoral indices traded in green led by Realty, Pvt. bank & Metal while midcap index rose 0.35%.

In the afternoon session, the market traded at days high as Sensex surged over 200 points while Nifty above 10,750 amid a recovery in global peers. Heavyweights like Reliance Industries, HDFC twin, Realty, a private bank and financial traded strong while FMCG & IT traded in the red. Nifty Midcap index rose 75 points.

In last hour of trade, the market extended gain as Sensex rallied 250 points while Nifty well above 10,750 level. The market rebounded sharply followed by a rally in global peers amid heightened fears of a trade war between US & China. Reliance, HDFC twin, banking, financials, realty and metal led the rally while IT & FMCG remained weak. Nifty midcap index also rose half a percent. Sensex closed 260.59 points up at 35,547.33, Nifty up by 61.60 points at 10,772.05.

Top Gainers

Reliance by 2.32% to Rs.1,019.20, IndusInd Bank by 2.20% to Rs.1,974, Tata Steel by 1.89% to Rs.565.50, Kotak Mahindra Bank by 1.75%to Rs.1,326, VEDL by 1.72% to Rs.228.15.

Top Losers

UPL by -3.28% to Rs.625.00, HindPetro by -1.65% to Rs.307.85, IOC by -1.51% to Rs.166.05, ONGC by -1.37% to Rs.162.55, Tech Mahindra by -1.30% to Rs.908.45.

Analysis Of Top Gainer And Loser

Reliance Industries is the top gainer in today's market as strong buying was seen in the stock. The stock rose 13 times in past 15 sessions.

UPL is the top loser in today's market as the UPL-led consortium is in exclusive talks to acquire Bill Ackman-backed Platform Specialty Products Corp (Bloomberg).

Key Market News

The RBI today tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of the permanent account number (PAN) mandatory even for transactions below USD 25,000. Under the LRS, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both. Individuals can avail of foreign exchange facility within the limit of USD 2,50,000 only.

OPEC ministers arrived in Vienna today for crunch talks on whether to reverse a landmark pact curbing oil output, with Iran pushing back against Saudi and Russian calls to ramp up production again. The upcoming June 22-23 meetings of OPEC and non-OPEC energy ministers are set to be the most contentious in a while, with several countries bristling at the thought of reversing a deal that has been in place for 18 months and helped lift oil prices to multi-year highs. However, Riyadh, which cheered Washington's exit from the nuclear deal, is under pressure from its US ally to boost output as Trump hopes to keep pump prices low ahead of November midterm elections.

Stocks To Watch

Jai Corp Ltd. is on the upside while InterGlobe Aviation Ltd. is on the downside.

Jai Corp is currently trading at Rs.153.85, up by Rs.15.80 or 11.45% from its previous closing of Rs.138.05 on the NSE. The scrip opened at Rs.139.00 & has touched a high & low of Rs.158.85 and Rs.136.25 respectively. So far 1,34,44,680 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,765.07 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.223.30 on 11-January-2018 & a 52 week low of Rs.68.25 on 11-August-2017.

InterGlobe is currently trading at Rs.1,136.45, down by Rs.92.20 or 7.50% from its previous closing of Rs.1,228.65 on the NSE. The scrip opened at Rs.1,221 & has touched a high and low of Rs.1,221 & Rs.1,126.35 respectively. So far 27,27,498 (NSE) shares were traded on the counter. The current market cap of the company is Rs.43,674.38 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,520 on 20-April-2018 and a 52 week low of Rs.1,022 on 25-September-2017.

Share Market News 19-June-2018


Sensex, Nifty Down For Second Day As Trade War Intensifies

The Benchmark indices started on a negative note as Sensex fell 100 points & Nifty fell 32 points followed weakness in Asian peers. The equity market extended losses as Sensex was down nearly 200 points while Nifty below 10,750 amid tariff war concern. All sectoral indices traded in red led by PSU Bank, Realty, Metal, IT, Auto & FMCG. Nifty midcap index also was down over 1%.

In the afternoon session, the market traded near days low as Sensex dropped over 200 points while Nifty continued to trade below 10,750, amid weakness in global peers. Nifty IT, Metal, PSU Bank, Realty & Auto indices fell over 1% while Nifty midcap index underperformed frontliners, was down 1.22%.

In the last hour of trade, sell-off continued in the market as Sensex was down 250 points while Nifty dropped near 10,700. The market closed sharply lower amid weakness in global peers on US-China trade war. All sectoral indices closed in red led by IT, metal, auto, realty & PSU banks which fell over 1% while midcap index underperformed frontliners was down 228 points. Sensex closed 261.52 points down at 35,286.74, Nifty down by 89.40 points at 10,710.45.

Top Gainers

Bajaj Finance by 1.17% to Rs.2,269.45, GAIL by 1.14% to Rs.341.95, ITC by 0.59% to Rs.266.10, HDFC by 0.46%to Rs.1,832, Power Grid by 0.23% to Rs.199.10.

Top Losers

VEDL by -3.51% to Rs.224.05, IOC by -3.05% to Rs.168.60, HindPetro by -3.03% to Rs.312.35, UPL by -2.64% to Rs.674.00, M&M by -2.29% to Rs.893.00.

Analysis Of Top Gainer And Loser

Bajaj Finance is the top gainer in today's market as strong buying continued to be seen in the stock on the back of strong coverage from brokerage firms.

Vedanta (VEDL) is the top loser in today's market despite inclusion in Sensex benchmark. Also, profit booking continued to be seen in the stock.

Key Market News

US President Donald Trump escalated a growing trade war with China by unveiling plans today to impose 10% tariffs on an additional USD 200 billion worth of Chinese goods. With the world's two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing's "unacceptable" move to raise its own tariffs. "Further action must be taken to encourage China to change its unfair practices, open its market to United States goods and accept a more balanced trade relationship with the United States," Trump said in a statement.

The National Stock Exchange today said a final decision is expected by the first week of February 2019 on the arbitration proceedings with Singapore Exchange regarding the launch of new derivative products linked to its indices. Both bourses are locked in a tussle after Singapore Exchange, in April, announced the listing of new Indian equity derivative products from June. Last week, an arbitral tribunal restrained the SGX from launching any new derivative products linked to NSE's indices. However, it allowed continuation of existing SGX-Nifty contracts.

Stocks To Watch

Mahindra Lifespace Developers Ltd. is on the upside while Firstsource Solutions Ltd. is on the downside.

Mahindra Lifespace is currently trading at Rs.635.50, up by Rs.64.10 or 11.22% from its previous closing of Rs.571.40 on the NSE. The scrip opened at Rs.574.20 & has touched a high & low of Rs.659 and Rs.561 respectively. So far 11,54,087 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,297.68 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.659 on 19-June-2018 & a 52 week low of Rs.396.55 on 11-August-2017.

FSL is currently trading at Rs.74.50, down by Rs.4.75 or 5.99% from its previous closing of Rs.79.25 on the NSE. The scrip opened at Rs.78.85 & has touched a high and low of Rs.78.85 & Rs.73.55 respectively. So far 82,17,321 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,125.39 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.83.90 on 13-June-2018 and a 52 week low of Rs.31.50 on 28-June-2017.

Share Market News 18-June-2018


Market Closed Lower Amid Trade War Concern, Nifty Below 10,800

The Benchmark indices opened mildly lower with Sensex slipped 17 points & Nifty hold 10,800 amid weakness in Asian peers. The equity market continued to consolidate as Sensex dropped 30 points while Nifty traded above 10,800 despite global weakness. Nifty metal index lost over 2% while OMCs, auto & banks capped losses. Midcap index also traded lower by 50 points.

In afternoon session market continued to be rangebound as Sensex was down 20 points while Nifty hold 10,800 despite weakness in global market. OMCs, Auto & some Pvt. bank supported market while metal fell over 2%. Nifty Midcap index underperformed frontliners was down 70 points.

In last hour of trade market remained lower as Sensex down 30 points while Nifty hold 10,800. The market ended mildly lower after consolidation even as global peers under pressure on escalated trade war between U.S. & China. Metal, technology stocks dragged the market while OMCs, some pvt. bank & auto stocks supported the market. Nifty midcap index fell 66 points. Sensex closed 73.88 points down at 35,548.26, Nifty down by 17.85 points at 10,799.85.

Top Gainers

HindPetro by 4.78% to Rs.321.00, ICICI Bank by 4.07% to Rs.294.00, IOC by 3.61% to Rs.173.80, Dr. Reddy by 2.27%to Rs.2,403.20, BPCL by 2.24% to Rs.441.50.

Top Losers

Hindalco by -2.97% to Rs.230.35, VEDL by -2.95% to Rs.231.55, Bharti Airtel by -2.31% to Rs.369.50, Kotak Bank by -2.01% to Rs.1,313, Bajaj Finance by -1.92% to Rs.2,239.65.

Analysis Of Top Gainer And Loser

HindPetro is the top gainer in today's market after crude oil price fell for second day in a row ahead of OPEC meet to discuss whether to relax oil output caps.

Hindalco is the top loser in today's market on escalated trade tariff war between the two of the biggest economic country in world U.S. & China.

Key Market News

President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade with Beijing and triggering losses in the domestic stock market. The U.S. is also nearing completion of a second list of products ordered by Trump, worth $100 billion, which would be subject to the same public hearing process as the first, Reuters reported on Friday. In reply China also threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.

In the wake of questionable credit discipline shown by Indian corporate borrowers, the RBI is leaving no stone unturned to instil some discipline through the banks it regulates. The latest proposal by the central bank through a draft guideline is to make all borrowers enjoying working capital limit in excess of Rs.150 crore to compulsorily borrow through the demand loan route for at least 40% of the limit before touching other modes like cash credit, overdraft, bill discounting etc.

Stocks To Watch

Indo Count Industries Ltd. is on the upside while Torrent Power Ltd. is on the downside.

Indo Count is currently trading at Rs.76.35, up by Rs.8.35 or 12.28% from its previous closing of Rs.68.00 on the NSE. The scrip opened at Rs.68.00 & has touched a high & low of Rs.78.75 and Rs.67.25 respectively. So far 35,65,131 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,517.02 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.187.40 on 22-June-2017 & a 52 week low of Rs.67.20 on 06-June-2018.

Torrent Power is currently trading at Rs.239.75, down by Rs.13.85 or 5.46% from its previous closing of Rs.253.60 on the NSE. The scrip opened at Rs.253.00 & has touched a high and low of Rs.253.55 & Rs.239.25 respectively. So far 13,69,497 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,575.66 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.307.35 on 22-January-2018 and a 52 week low of Rs.171.50 on 27-June-2017.

Share Market News 14-June-2018


Market Halt 3-Day Winning Streak On Hawkish Fed, Nifty Hold 10,800

The Benchmark indices started on a weak note with Sensex fell 100 points & Nifty fell 35 points as US Federal Reserve hike rate. The equity market extended losses as Sensex fell over 200 points while Nifty below 10,800. Except Pharma all sectoral indices traded in red led by IT, banks, auto & metal while Nifty midcap index also fell over 50 points on weak market breadth

In afternoon session market continued to trade lower as Sensex was down 160 points while Nifty struggled below 10,800. Nifty pharma traded higher by 1.35% while all sectoral indices traded in red led by IT, banking & financials and metal. Nifty midcap index was also down by 0.21%.

In last hour of trade market off its day low as Sensex was down 100 points while Nifty back above 10,800. The market ended lower as investors looked cautious ahead of ECB policy decision. Nifty pharma rose 1.83% while all sectoral indices traded under pressure led by IT & banks. Nifty midcap closed in green. Sensex closed 139.34 points down at 35,599.82, Nifty down by 48.65 points at 10,808.05.

Top Gainers

Lupin by 3.57% to Rs.903, Sun Pharma by 2.44% to Rs.559.65, HCL Tech by 1.33% to Rs.936, Cipla by 1.32%to Rs.589.80, Yes Bank by 2.44% to Rs.336.50.

Top Losers

Tech Mahindra by -2.16% to Rs.698.40, Adani Ports by -2.15% to Rs.374.60, TCS by -2.15% to Rs.1,784.95, IBULHSGFIN by -2.14% to Rs.1,184.20, IOC by -2.06% to Rs.171.50.

Analysis Of Top Gainer And Loser

Lupin is the top gainer in today's market as company received USFDA approval for pregnancy prevention tablets. The said tablets are the generic equivalent of Bayer's Beyaz Tablets and indicated for use by women to prevent pregnancy.

Tech Mahindra is the top loser in today's market after labour union posted a release on its website claiming that 1,500 employees were laid off at Tech Mahindra, without due processes being followed.

Key Market News

Wholesale prices rose to their highest level in 14 months in May. WPI inflation in May rose 4.43% on higher fuel and power prices, according to data shared by Ministry of Commerce and Industry. The WPI was higher than the Bloomberg estimate of 4% and 3.18% in April. Core inflation at 4.4% versus 3.6% (MoM). Food inflation at 1.12% versus 0.67% (MoM). March inflation WPI revised to 2.74% from 2.47%. Fuel, power inflation at 11.22% versus 7.85 percent (MoM). Manufactured product inflation at 3.73% versus 3.11% (MoM).

Indias current account deficit widened in the fourth quarter of 2017-18 compared to a year ago on account of a higher trade gap. The current account deficit stood at $13 billion or 1.9% of GDP in the January-March 2018 period, showed data released by the Reserve Bank of India today. This is significantly higher than the current account deficit of 0.4% of GDP in the fourth quarter of 2016-17, but marginally lower than the gap of 2.1% of GDP in the preceding October-December 2017 quarter.

Stocks To Watch

Jubilant Industries Ltd. is on the upside while Mindtree Ltd. is on the downside.

Jubilant Industries is currently trading at Rs.200, up by Rs.31.25 or 18.52% from its previous closing of Rs.168.75 on the NSE. The scrip opened at Rs.176 & has touched a high & low of Rs.202.50 and Rs.175.80 respectively. So far 27,19,908 (NSE) shares were traded on the counter. The current market cap of the company is Rs.235.82 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.291.90 on 14-July-2017 & a 52 week low of Rs.130.70 on 06-June-2018.

Mindtree is currently trading at Rs.994.05, down by Rs.34.70 or 3.37% from its previous closing of Rs.1,028.75 on the NSE. The scrip opened at Rs.1,020.05 & has touched a high and low of Rs.1,023.40 & Rs.985.10 respectively. So far 22,27,827 (NSE) shares were traded on the counter. The current market cap of the company is Rs.16,290.18 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,101.20 on 02-May-2018 and a 52 week low of Rs.439.05 on 08-september-2017.

Share Market News 12-June-2018


The Market Ends At 4-Month's High; Nifty Near 10,850

The Benchmark indices started on a mildly higher note as Sensex was up 40 points & Nifty held the 10,800 mark. The equity market extended morning gains as Sensex rose 170 points while Nifty eyed 10,850. Except for realty & metal all sectoral indices traded in green led by pharma, banks & FMCG while Nifty midcap index also traded higher by half a percent.

In the afternoon session, the market remained strong as Sensex surged nearly 200 points while Nifty hovered around 10,850. Strong buying was seen in pharma, banking, FMCG & IT stocks while metal & realty remained under pressure. The Nifty midcap index traded at par with the frontliners, was up over half a per cent.

In last hour of trade, the market extended gains as Sensex rose over 200 points while Nifty traded near 10,850. The market ended at days high. Baring metal all sectoral indices ended in green led by PSU banks, pharma, FMCG & IT while midcap index also closed strong, was up by 0.85%. Sensex closed 209.05 points up at 35,692.52, Nifty up by 55.90 points at 10,842.85.

Top Gainers

Lupin by 6.38% to Rs.861.15, Dr. Reddy by 5.37% to Rs.2,195, SBIN by 3.65% to Rs.284.00, IndusInd Bank by 2.53% to Rs.1,953, HUL by 2.44% to Rs.1,640.40.

Top Losers

Bharti Airtel by -2.15% to Rs.380.45, Hindalco by -1.63% to Rs.240.70, Tata Steel by -1.54% to Rs.579.60, Eicher Motors by -1.50% to Rs.29,231.70, Coal India by -1.37% to Rs.283.95.

Analysis Of Top Gainer And Loser

Lupin is the top gainer in today's market as strong buying was seen in the stock. Pharma stocks have underperformed market last year.

Bharti Airtel is the top loser in today's market after merger talks between its Kenyan unit and Telkom Kenya fell through. Telkom Kenya is controlled by the London based Helios Investment and is mainly focused on Africa.

Key Market News

President Donald Trump and North Korean leader Kim Jong Un have signed a joint document in which they commit to working "toward complete denuclearization of the Korean Peninsula." The document signed by the leaders at the historic summit on Tuesday also says they will join efforts "to build a lasting and stable peace regime" in the Korean Peninsula. India also welcomes the United States - DPRK Summit held in Singapore. "This is a positive development. India has always supported all efforts to bring about peace and stability in the Korean Peninsula through dialogue and diplomacy," says the Ministry of External Affairs.

The Reserve Bank today issued draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers enjoying working capital facility from the banking system. "In respect of borrowers having aggregate fund based working capital limit of Rs.150 crore and above from the banking system, a minimum level of loan component of 40 percent shall be effective from October 1, 2018," said the draft guidelines as RBI proposes to modify the system for delivery of bank credit for large borrowers.

Stocks To Watch

DCM Shriram Ltd. is on the upside while Manpasand Beverages Ltd. is on the downside.

DCM Shriram is currently trading at Rs.304.00, up by Rs.32.50 or 11.97% from its previous closing of Rs.271.50 on the NSE. The scrip opened at Rs.283.00 & has touched a high & low of Rs.308.80 and Rs.279.00 respectively. So far 27,19,203 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,041.80 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.628.00 on 19-December-2017 & a 52 week low of Rs.237.00 on 15-May-2018.

Manpasand is currently trading at Rs.155.65, down by Rs.8.15 or 4.98% from its previous closing of Rs.163.80 on the NSE. The scrip opened at Rs.164.05 & has touched a high and low of Rs.165.95 & Rs.155.65 respectively. So far 12,79,730 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,778.75 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.512.00 on 15-September-2017 and a 52 week low of Rs.155.65 on 12-June-2018.

Share Market News 11-June-2018


Market Closes In Green Ahead Of Inflation Data, Nifty Below 10,800

The Benchmark indices began the week on a good note as Sensex rose 50 points & Nifty near 10,800. The equity market witnessed good gains as Sensex rose over 150 points while Nifty above 10,800. The midcap index traded strong, was up almost a per cent on strong market breadth, while sectoral indices such as PSU banks, pharma, infra and energy were the biggest gainers.

In the afternoon session, the market continued to trade strongly as Sensex surged over 200 points while Nifty inched towards 10,850. All sectoral indices traded in green led by banks, pharma, FMCG & auto stocks while Nifty midcap index also traded in line with frontliners, was up 0.70%.

In last hour of trade, the market traded off days high as Sensex was up 100 points while Nifty slipped below 10,800. The market erased all its morning gains due to selling pressure. Except for metal & realty, all sectoral indices closed in green while midcap index closed ted lower due to profit booking. Sensex closed 39.80 points up at 35,483.47, Nifty up by 19.30 points at 10,786.95.

Top Gainers

Bharti Airtel by 3.17% to Rs.389.50, Bajaj Finance by 2.89% to Rs.2,250, Grasim by 1.89% to Rs.1,048, Ultratech cement by 1.85% to Rs.3,784, ZEEL by 1.40% to Rs.565.15.

Top Losers

Tata Steel by -2.26% to Rs.586.95, UPL by -2.09% to Rs.698.00, HCL Tech by -2.02% to Rs.909.95, PowerGrid by -1.14% to Rs.195.65, IOC by -1.09% to Rs.173.10.

Analysis Of Top Gainer And Loser

Bharti Airtel is the top gainer in today's market as companys revenue market share rose for the first time in 3 quarters rose 116 basis points to 29.1% in the quarter ended March.

Tata Steel is the top loser in today's market after Elliott Capital Management urged ThyssenKrupp AG to negotiate a better steel joint venture with Tata Steel Ltd. increasing pressure on the German companys management to deliver more favourable terms.

Key Market News

Indias retail inflation jumped further in May to a four-month high, primarily driven by a surge in energy prices, according to a Reuters poll of economists, suggesting more policy tightening from the central bank is coming. If that predicted pace is realised, May will be the seventh month in a row with inflation higher than the RBIs medium-term target of 4%. Poll forecasts for the data, due to be released on Tuesday 12 June at 5.30pm, ranged from 4.1% to 5.7%. The poll also showed the wholesale prices index likely hit a six-month high of 3.82% in May.

-April-May Passenger Vehicle Sales Up 13.3%: SIAM

-2-wheeler sales at 18.50 lakh Units versus 16.94 lakh Units (YoY)

-Domestic truck, bus sales at 76,478 units versus 53,457 units (YoY)

-Domestic passenger vehicle sales at 3.01 lakh units versus 2.52 lakh units (YoY)

-Passenger car sales at 1.99 lakh units versus 1.67 lakh units (YoY)

Stocks To Watch

Jai Corp Ltd. is on the upside while Gujarat State Petronet Ltd. is on the downside.

Jai Corp is currently trading at Rs.149.25, up by Rs.24.85 or 19.98% from its previous closing of Rs.124.40 on the NSE. The scrip opened at Rs.124.65 & has touched a high & low of Rs.149.25 and Rs.124.10 respectively. So far 1,14,34,422 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,636.59 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.223.30 on 11-January-2018 & a 52 week low of Rs.68.25 on 11-August-2017.

GSPL is currently trading at Rs.182.50, down by Rs.8.10 or 4.25% from its previous closing of Rs.190.60 on the NSE. The scrip opened at Rs.187.70 & has touched a high and low of Rs.187.70 & Rs.182.30 respectively. So far 18,73,923 (NSE) shares were traded on the counter. The current market cap of the company is Rs.10,318.90 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.235.80 on 22-December-2017 and a 52 week low of Rs.154.75 on 10-July-2017.

Share Market News 07-June-2018


The Market Extend Gain For 2nd Day; Nifty Above 10,750

The Benchmark indices started on a good note as Sensex rose 200 points & Nifty near 10,750. The equity market extended gains as Sensex surged over 300 points while Nifty inched towards 10,800. All sectoral indices traded in green led by Realty, Bank, NBFCs, IT, Media & Metal which traded over 1% gain. Broader market outperformed fronliners as Nifty Midcap rose over 1%.

In the afternoon session, the market rallied further as Sensex surged over 400 points while Nifty crossed 10,800. Nifty Realty, Metal, Banking & financials & IT index rose over 1-2% while Nifty midcap also rose nearly 1.5%.

In the last hour of trade, the market continued to trade strongly as Sensex traded above 35,500 while Nifty hovered around 10,800. The market ended on a positive note but off days high. All sectoral indices closed in green with 0.5% to 1.5% gains while midcap index rose 1.53%. Sensex closed 284.20 points up at 35,463.08, Nifty up by 83.70 points at 10,768.35.

Top Gainers

Tata Steel by 3.82% to Rs.601.90, Tata Motors by 3.08% to Rs.304.75, IBULHSGFIN by 2.83% to Rs.1,213.50, ICICI Bank by 2.52% to Rs.291.05, Axis Bank by 2.14% to Rs.542.75.

Top Losers

Titan by -1.38% to Rs.887.00, Eicher Motors by -1.08% to Rs.29,625, IndusInd Bank by -0.93% to Rs.1,902, Coal India by -0.64% to Rs.288.80, Lupin by -0.45% to Rs.766.60.

Analysis Of Top Gainer And Loser

Tata Steel is the top gainer in today's market as company joined the race for Usha Martins Jamshedpur facility, which was put on the block to pare some of the parent's debt.

Titan is the top loser in today's market as some sort of selling pressure was seen in the stock.

Key Market News

The government should meet its fiscal deficit or excess of expenditures over revenues, target this financial year as its planned fiscal austerity measures are likely to fructify, according to the rating company Moodys, which last year upgraded Indias sovereign rating to Baa2, one notch above than the lowest investment grade rank. Although Moodys sees some downside risk to budgeted revenue and expenditure targets, it expects that the government would cut back on planned capital expenditure, as has occurred in past years, if it is needed to offset any slippage from its fiscal targets, says William Foster, a Moodys Vice President and Senior Credit Officer.

The Indian economy will see a robust GDP growth of 7.3% in 2018-19 and 7.5% for the next two as factors holding back growth in India fade, the World Bank has projected, allowing the country to retain the tag as the worlds fastest-growing major emerging economy. Growth in India is projected to advance 7.3% in FY 2018-19 (1 April 2018-31 March 2019) and 7.5% in FY2019-20, reflecting robust private consumption and strengthening investment, the bank said in its June 2018 edition of the Global Economic Prospect report.

Stocks To Watch

Phillips Carbon Black Ltd. is on the upside while Manpasand Beverages Ltd. is on the downside.

Phillips Carbon is currently trading at Rs.242.40, up by Rs.24.40 or 11.19% from its previous closing of Rs.218.00 on the NSE. The scrip opened at Rs.230.05 & has touched a high & low of Rs.251.40 and Rs.228.20 respectively. So far 63,32,086 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,157.65 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.318.80 on 09-January-2018 & a 52 week low of Rs.88.72 on 06-June-2017.

Manpasand is currently trading at Rs.164.65, down by Rs.8.65 or 4.99% from its previous closing of Rs.173.30 on the NSE. The scrip opened at Rs.171.10 & has touched a high and low of Rs.178.80 & Rs.164.65 respectively. So far 26,72,233 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,893.78 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.512.00 on 15-September-2017 and a 52 week low of Rs.164.65 on 07-June-2018.

Share Market News 06-June-2018


Market Snapped 3-Day Losing Streak As RBI Maintains Neutral Stance

The Benchmark indices started the session on a flat note as Sensex was up 50 points & Nifty above 10,600 ahead of RBI policy outcome. The equity market extended gain as Sensex rose over 150 points while Nifty near 10,650. All sectoral indices traded in green led by Auto, PSU bank, Metal, Pharma, Realty & IT stocks while midcap index also witnessed strong spike was up nearly a percent.

In the afternoon session, the market extended gains as Sensex rose over 200 points while Nifty traded above 10,650. Among sectoral indices Auto, Metal, PSU bank & Media rose over 1% followed by Pharma, Realty, IT & FMCG index. Nifty midcap index also rose in line with frontliners was up 0.80%.

In the last hour of trade, the market rallied further as Sensex surged 300 points while Nifty near 10,700 after RBI hike rate. The market was driven by positive cues from MPCs policy meeting outcome. All sectoral indices closed in green led by PSU bank, Auto, Metal, Pharma, IT & FMCG while midcap index rose 1.42%. Sensex closed 275.67 points up at 35,178.88, Nifty up by 91.50 points at 10,684.65.

Top Gainers

Bharti Airtel by 4.50% to Rs.380.70, Titan by 4.40% to Rs.902.00, Tata Motors by 3.68% to Rs.295.45, Sun Pharma by 3.45% to Rs.489.85, Bajaj Finance by 3.22% to Rs.2,168.25.

Top Losers

HindPetro by -1.19% to Rs.311.00, TechM by -0.89% to Rs.695.00, Cipla by -0.69% to Rs.538.35, GAIL by -0.49% to Rs.333.05, Asian Paint by -0.44% to Rs.1,268.

Analysis Of Top Gainer And Loser

Bharti Airtel is the top gainer in today's market as the company is in talks with US telecom major Verizon for a broad partnership around the Internet of Things.

HindPetro is the top loser in today's market as some sort of selling pressure was seen in the stock.

Key Market News

The Reserve Bank of Indias MPC has, for the first time in four years, hiked key repo rate by 25 basis points (bps) to 6.25%. Some highlights:-

- Repo rate hiked by 25 bps to 6.25%, Reverse repo rate hiked by 25 bps to 6%.

- The Monetary Policy Committee has maintained its neutral stance.

- GDP forecast retained at 7.4% for FY19.

- April-September GDP growth projected at 7.5-7.6%.

- October-March GDP growth projected at 7.3-7.4%.

- April-September CPI likely in 4.8-4.9% range including rent allowance impact.

- October-March CPI likely around 4.7% including home rent allowance impact.

- Considering norms to prevent abuse in the markets that are regulated by the RBI.

The World Bank has projected a growth rate of 7.3% for India this year and 7.5% for the next two years, making it the fastest growing country among major emerging economies. A top World Bank official said India's economy is robust, resilient and has potential to deliver sustained growth. The report, released yesterday, is the global lender's flagship publication on the state of the world economy.

Stocks To Watch

Allahabad Bank is on the upside while Balrampur Chini Mills Ltd. is on the downside.

Allahabad Bank is currently trading at Rs.43.20, up by Rs.3.45 or 8.68% from its previous closing of Rs.39.75 on the NSE. The scrip opened at Rs.39.75 & has touched a high & low of Rs.43.70 and Rs.39.45 respectively. So far 1,04,80,287 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,646.27 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.89.00 on 26-October-2017 & a 52 week low of Rs.37.30 on 16-May-2018.

Balrampur Chini is currently trading at Rs.67.15, down by Rs.5.10 or 7.06% from its previous closing of Rs.72.25 on the NSE. The scrip opened at Rs.73.10 & has touched a high and low of Rs.75.50 & Rs.66.25 respectively. So far 2,89,67,482 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,535.04 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.182.50 on 13-September-2017 and a 52 week low of Rs.58.70 on 16-May-2018.

Share Market News 05-June-2018


Sensex, Nifty Fell For Third Day Ahead Of RBI Policy Outcome

The Benchmark indices began the day on a flat note as Sensex fell 50 points & Nifty held 10,600. The equity market continued to struggle as Sensex was down 150 points while Nifty below 10,600. All sectoral indices traded in red led by metal, realty, pharma & IT stocks while midcap index underperformed frontliners as midcap was down over 1%.

In the afternoon session, the market continued to trade lower as Sensex was down over 100 points while Nifty struggled below 10,600. All the sectoral indices traded in red as IT, pharma, realty, metal & some banks witnessed selling pressure. Meanwhile, midcap extended losses were down over 1.5%.

In last hour of trade, the market continued to trade under pressure as Sensex was down 120 points while Nifty traded below 10,600. The D-Street ended highly volatile day on a negative note ahead of RBI Policy due tomorrow. Baring financial services all sectoral indices closed in red led by IT, realty, metal & media while midcap ended lower by over a percent. Sensex closed 108.68 points down at 35,903.21, Nifty down by 35.35 points at 10,593.15.

Top Gainers

Cipla by 4.11% to Rs.542.10, Bajaj Finance by 2.49% to Rs.2,114.25, HindPetro by 1.76% to Rs.317.70, Tata Steel by 1.32% to Rs.573.65, Bajaj Finserv by 1.21% to Rs.5,817.95.

Top Losers

ZEEL by -3.08% to Rs.543.00, Titan by -2.41% to Rs.864.00, Bharti Airtel by -2.11% to Rs.364.45, Coal India by -2.00% to Rs.286.75, L&T by -1.83% to Rs.1,333.05.

Analysis Of Top Gainer And Loser

Cipla is the top gainer in today's market as Cipla has initiated INNOVENTIA that is envisioned to be the worlds biggest innovation challenge to crowdsource and incubate disruptive ideas in healthcare.

Zee Entertainment Enterprises is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

Activity in Indias service industry shrank in May for the first time in three months as new orders stagnated, but business optimism was the highest since 2015 on expectations that demand will turn around, a business survey showed. The Nikkei/IHS Markit Services Purchasing Managers Index (PMI) fell to 49.6 in May from Aprils 51.4, sinking below the 50-mark that separates growth from contraction. While data last week showed Asias third-largest economy grew at its quickest pace in nearly two years, the latest PMI survey suggested it may have trouble maintaining that momentum.

Concerned over mounting cane arrears of more than Rs.22,000 crore, the government is likely to announce a bailout package of over Rs.7,000 crore to ensure cash-starved mills clear dues to farmers at the earliest, sources said. A decision in this regard is expected to be taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) scheduled today, the sources added.

Stocks To Watch

LT Foods Ltd. is on the upside while KEI Industries Ltd. is on the downside.

LT Foods is currently trading at Rs.67.60, up by Rs.4.85 or 7.73% from its previous closing of Rs.62.75 on the NSE. The scrip opened at Rs.62.80 & has touched a high & low of Rs.69.40 and Rs.61.40 respectively. So far 20,06,040 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,174.94 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.110.00 on 08-January-2018 & a 52 week low of Rs.55.45 on 11-August-2017.

KEI Industries is currently trading at Rs.388.00, down by Rs.64.45 or 14.62% from its previous closing of Rs.454.45 on the NSE. The scrip opened at Rs.445.45 & has touched a high and low of Rs.451.90 & Rs.371.15 respectively. So far 22,41,228 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,043.56 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.496.00 on 30-May-2018 and a 52 week low of Rs.206.00 on 01-August-2017.

Share Market News 04-June-2018


Banks Dragged The Market For 2nd Straight Day; Nifty Below 10,650

The Benchmark indices started the week on a strong note as Sensex rose over 200 points & Nifty above 10,750, amid positive global cues. The equity market traded rangebound as Sensex fell 15 points while Nifty struggled below 10,700. HDFC Bank, TCS & FMCG stocks were under pressure while Reliance, Infosys & Tata Motors continued to support the market, rose over 1%. Nifty Midcap index continued to underperform frontliners.

In the afternoon session, the market traded lower as Sensex fell over 50 points while Nifty below 10,700, amid consolidation. Banking & financial and realty continued to drag market while midcap index extended losses to 150 points.

In the last hour of trade, the market extended losses as Sensex fell over 150 points while Nifty fell below 10,650. The market ended sharply lower. Banking, financial & realty index fell 1-3% while IT & Metal ended in green. Nifty midcap index underperformed frontliners, shed over a percent. Sensex closed 215.37 points down at 35,011.89, Nifty down by 67.70 points at 10,628.50.

Top Gainers

Dr. Reddy by 2.40% to Rs.1,988, Infosys by 1.65% to Rs.1,241, Lupin by 1.37% to Rs.774.95, Hindalco by 1.30% to Rs.241.60, M&M by 1.26% to Rs.913.00.

Top Losers

IBULHSGFIN by -4.49% to Rs.1,177.95, HDFC Bank by -3.11% to Rs.2,045, Bharti Airtel by -2.74% to Rs.373.20, Adani Ports by -2.35% to Rs.378.50, Infratel by -2.20% to Rs.294.05.

Analysis Of Top Gainer And Loser

Dr. Reddy is the top gainer in today's market after Srikakulam plant cleared by the US health regulator. The pharma major informed exchanges that the audit of API Srikakulam Plant (SEZ), Andhra Pradesh by the US Food and Drug Administration has been completed with no observations.

IBULHSGFIN is the top loser in today's market as strong selling pressure was seen in the stock. As MPC meet started from today only for the future interest rate decision & commentary will be a significant event for banks & NBFCs.

Key Market News

Reserve Bank of Indias (RBI) monetary policy committee (MPC) is likely to keep policy rates unchanged on Wednesday but may raise them at its next meeting in August, say economists. Of the 15 economists surveyed by Mint, 11 expect the central bank to keep the repo ratethe rate at which the central bank infuses liquidity in the banking systemunchanged at 6%. Only four economists expect RBI to raise rates by 25 basis points (bps).

U.S. hiring rose more than forecast in May, wages picked up and unemployment rate matched the lowest in almost five decades, indicating the strong labour market will keep powering economic growth. Payrolls increased 2,23,000 following a revised 1,59,000 gain, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg called for 1,90,000 jobs. Average hourly earnings increased 2.7% from a year earlier, more than projected, while the jobless rate fell to 3.8% from 3.9% to match April 2000 as the lowest since 1969.

Stocks To Watch

Anant Raj Ltd. is on the upside while PC Jeweller Ltd. is on the downside

Anant Raj is currently trading at Rs.44.90, up by Rs.3.45 or 8.49% from its previous closing of Rs.40.65 on the NSE. The scrip opened at Rs.42.00 & has touched a high & low of Rs.45.50 and Rs.42.00 respectively. So far 35,33,201 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,294 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.84.40 on 10-January-2018 & a 52 week low of Rs.38.70 on 01-June-2018.

PC Jeweller is currently trading at Rs.130.60, down by Rs.25.60 or 16.39% from its previous closing of Rs.156.20 on the NSE. The scrip opened at Rs.158.75 & has touched a high and low of Rs.159.40 & Rs.126.85 respectively. So far 5,00,42,802 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,124.65 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.600.65 on 16-January-2018 and a 52 week low of Rs.94.65 on 31-May-2018.

Share Market News For May-2018

Share Market News 31-May-2018


Sensex Surged 413 Points, Nifty Above 10,700 Ahead Of GDP Data

The Benchmark indices started the expiry day on a strong note as Sensex rose 140 points & Nifty above 10,650, amid positive global cues. The equity market traded higher ahead of F&O expiry as Sensex gained 120 points while Nifty hovered around 10,650. OMCs, banking & financials led the rally while pharma, metal & PSU bank traded in the red. Nifty midcap also traded lower.

In the afternoon session, the market extended gains as Sensex rallied 200 points while Nifty continued to trade above 10,650. OMCs, Nifty Bank, Financial & IT indices traded at near day's high while Auto, Metal & Pharma traded under pressure. Nifty midcap underperformed frontliners, were down half a per cent.

In the last hour of trade, the market extended gains as Sensex surged over 400 points while Nifty traded above 10,700. The market closed sharply higher amid positive global cues & rally in HDFC Bank led the market higher. Banking & Financial index rose over 2% followed by IT while Pharma & realty traded under pressure. Sensex closed 416.27 points up at 35,322.38, Nifty up by 121.80 points at 10,736.15.

Top Gainers

Adani Ports by 5.10% to Rs.393.50, HDFC Bank by 4.65% to Rs.2,130, IndusInd Bank by 4.02% to Rs.1,960.60, Tech Mahindra by 3.16% to Rs.709.00, M&M by 2.90% to Rs.924.00.

Top Losers

Sun Pharma by -2.47% to Rs.482.35, Tata Motors by -1.99% to Rs.283.15, Dr. Reddy by -1.73% to Rs.1,927.85, Hero Motocorp by -1.43% to Rs.3,550, Hindalco by -1.32% to Rs.234.95.

Analysis Of Top Gainer And Loser

Adani Ports is the top gainer in today's market as strong buying was seen in the stock after a multiple block deals.

Sun Pharma is the top loser in today's market as some selling pressure was seen in the stock as most of the brokerage firms cut the target price despite strong Q4 result due to valuations & execution risk related to product business as the main reason.

Key Market News

Tax reforms are likely to expand revenue base in fast-growing economies like India but they will be most effective when accompanied by lowering of fiscal deficit and effective management of expenditure, Moody's Investors Service said today

It said most sovereigns have embarked on tax administration and compliance reforms, especially through the centralisation of multiple agencies and increased use of technology.Tax reforms are most likely to expand revenue bases in fast-growing economies with strengthening expenditure and debt management. These include the Philippines, India, Indonesia and Thailand, it said.

Stocks To Watch

City Union Bank Ltd. is on the upside while CG Power & Industrial Solutions Ltd. is on the downside.

Torrent Power is currently trading at Rs.196.15, up by Rs.12.95 or 7.07% from its previous closing of Rs.183.20 on the NSE. The scrip opened at Rs.183.55 & has touched a high & low of Rs.203.35 and Rs.183.55 respectively. So far 51,59,761 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,071.90 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.203.35 on 31-May-2018 & a 52 week low of Rs.147.00 on 28-September-2017.

CG Power is currently trading at Rs.60.55, down by Rs.16.25 or 21.16% from its previous closing of Rs.76.80 on the NSE. The scrip opened at Rs.76.05 & has touched a high and low of Rs.76.45 & Rs.60.50 respectively. So far 2,16,26,153 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,967.63 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.99.15 on 12-January-2018 and a 52 week low of Rs.60.50 on 31-May-2018.

Share Market News 30-May-2018


The Market Extend Losses Amid Weak global Cues; Nifty Holds 10,600

The Benchmark indices extended yesterdays losses as Sensex dropped 150 points & Nifty below 10,600 amid political turmoil in Italy. The equity market continued to trade lower as Sensex declined 140 points while Nifty below 10,600. All sectoral indices traded in red led by banking & financial stocks. Nifty midcap also traded lower but outperformed frontliners.

In the afternoon session, the market erased all losses & traded flat as Sensex was down 20 points while Nifty traded above 10,600 as rupee recovered. All sectoral indices traded in red barring PSU bank. Nifty midcap also traded flat.

In the last hour of trade, the market remained under pressure as Sensex fell 70 points while Nifty held above 10,600. The market closed lower for the 2nd consecutive session. Almost all sectoral indices traded in red baring PSU bank. Pharma fell the most, was down over 1%. Nifty midcap fell 10 points. Sensex closed 43.13 points down at 34,906.11, Nifty down by 18.95 points at 10,614.35.

Top Gainers

M&M by 2.79% to Rs.894.50, Bajaj Finance by 2.55% to Rs.2,130, Coal India by 2.27% to Rs.288.75, Yes Bank by 1.73% to Rs.343.90, Bajaj Finserv by 1.45% to Rs.5,973.

Top Losers

HindPetro by -2.78% to Rs.306.30, Hindalco by -1.98% to Rs.237.70, Grasim by -1.95% to Rs.1,037.15, Tata Motors by -1.93% to Rs.288.95, ICICI Bank by -1.69% to Rs.285.00.

Analysis Of Top Gainer And Loser

Mahindra & Mahindra is the top gainer in today's market as investors cheered quarterly number. The company is eyeing 13% volume growth with upcoming 3 new UVs. The company has also embarked with Rs.15,000 crore in for development of new models. Also, many brokerage firms initiated buy coverage in the stock.

HindPetro is the top loser in today's market as crude oil prices in the global market remain lower which can hurt margin of the company. Also, domestic diesel & petrol prices cut today after a rise for 16 days.

Key Market News

Rating agency Moodys on Wednesday said that it has cut Indias GDP growth forecast for the current year 2018 from 7.5% to 7.3%, as higher oil prices likely to weigh-in on countrys economic recovery pace. Moodys also showed concern over governments tight fiscal condition. The rating agency retained the GDP growth forecast for the current year 2019 at 7.5%. The US-based agency had upped Indias rating to Baa2 from Baa3 and changed its rating outlook to stable from positive, saying the reforms would help stabilise rising levels of debt.

The possibility of fresh general election and Eurosceptic political parties strengthen their vote share has raised concerns about stability in the Eurozone. The markets reacted to the ongoing political instability in the worlds eighth largest economy by nominal Gross Domestic Product (GDP). On March 4, Italians voted in the general election. Voters elected 630 members of the Chamber of Deputies and 315 elective members of the Senate of the Republic.

Stocks To Watch

Bodal Chemicals Ltd. is on the upside while Dilip Buildcon Ltd. is on the downside.

Bodal Chemicals is currently trading at Rs.148.90, up by Rs.14.10 or 10.46% from its previous closing of Rs.134.80 on the NSE. The scrip opened at Rs.133.00 & has touched a high & low of Rs.151.65 and Rs.133.00 respectively. So far 32,28,461 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,832.22 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.193.75 on 13-July-2017 & a 52 week low of Rs.109.85 on 26-March-2018.

Dilip Buildcon is currently trading at Rs.930.00, down by Rs.124.50 or 11.81% from its previous closing of Rs.1,054.50 on the NSE. The scrip opened at Rs.1,025 & has touched a high and low of Rs.1,029.90 & Rs.899.00 respectively. So far 47,65,564 (NSE) shares were traded on the counter. The current market cap of the company is Rs.12,549.99 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,247.50 on 15-May-2018 and a 52 week low of Rs.405.95 on 27-June-2017.

Share Market News 29-May-2018


Sensex, Nifty Halt 3-Day Winning Streak, Dragged By Banks

The Benchmark indices opened mildly lower due to profit booking as Sensex was down 55 points & Nifty hold 10,650. The equity market continued to consolidate as Sensex rose 40 points while Nifty above 10,700, amid 3-days rally. Banking and financials, Pharma & realty stocks remained under pressure while Auto & IT stocks supported market. Nifty midcap traded higher by 0.35%.

In afternoon session market remained under pressure as Sensex declined 120 points while Nifty below 10,700 as rupee extended depreciation. Nifty bank index dragged market, fell 1% & PSU bank fell over 2% while Auto & IT capped losses. Nifty midcap also fell 60 points.

In last hour of trade market extended losses as Sensex fell 200 points while Nifty below 10,650 levels. The market snapped 3-day upside rally dented by weak global cues & sharp fall in rupee. Banking & financials remained major loser followed by Pharma & Realty while IT & Auto capped losses. Nifty midcap index also fell 66.50 points on weak market breadth. Sensex closed 216.24 points down at 34,949.24, Nifty down by 55.35 points at 10,633.30.

Top Gainers

M&M by 2.94% to Rs.874.95, GAIL by 2.14% to Rs.343.60, HCL Tech by 1.62% to Rs.909.00, Bharti Airtel by 1.59% to Rs.381.10, IOC by 1.09% to Rs.172.30.

Top Losers

Analysis Of Top Gainer And Loser

Mahindra & Mahindra is the top gainer in today's market as March earnings beat analyst expectations as profit grew by 50% year-on-year to Rs.1,155 crore and revenue increased 25.6% to Rs.13,189 crore during the quarter. EBITDA shot up 70.4% to Rs.1,995 crore and margin expanded 400 bps to 15.1%.

ICICI Bank is the top loser in today's market as profit booking was seen in the stock due to market volatility.

Key Market News

The Monetary Policy Committee (MPC) is expected to maintain the repo rate at 6 percent in the ensuing policy review meeting next week, however, there is also a probability of a pre-emptive hike by 25 bps, says a UBS report. According to the global financial services major, the June policy review meeting is likely to be a close call, while the tone of the policy statement is expected to remain hawkish. In its monetary policy review, scheduled for 4-6 June, we expect the MPC to maintain the repo rate at 6% UBS Investment Bank said in a research note.

India faces a copper supply shock after a state government ordered billionaire Anil Agarwal Vedanta Ltd. to shutdown a plant permanently following deadly protests in a move that will slash nationwide output and stroke demand for imports. The Tamil Nadu government directed the southern states pollution control board to seal the 400,000 metric-ton-per-year smelter in Tuticorin in the interests of the people, it said on Monday.

Stocks To Watch

Uflex Ltd. is on the upside while Bank of India is on the downside.

Uflex is currently trading at Rs.316.00, up by Rs.29.80 or 10.41% from its previous closing of Rs.286.20 on the NSE. The scrip opened at Rs.288.00 & has touched a high & low of Rs.335.00 and Rs.287.50 respectively. So far 22,72,313 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,285.85 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.506.90 on 66-December-2017 & a 52 week low of Rs.265.00 on 25-May-2017.

Bank of India is currently trading at Rs.101.10, down by Rs.6.65 or 6.17% from its previous closing of Rs.107.75 on the NSE. The scrip opened at Rs.106.00 & has touched a high and low of Rs.106.00 & Rs.101.10 respectively. So far 1,86,36,555 (NSE) shares were traded on the counter. The current market cap of the company is Rs.17,708.66 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.217.80 on 17-November-2017 and a 52 week low of Rs.91.35 on 12-March-2018.

Share Market News 28-May-2018


Market Rose For 3rd Straight Day, Nifty Near 10,700, OMCs Rally

The Benchmark indices started on a positive note with Sensex was up 100 points & Nifty tad below 10,650, amid sharp correction oil prices & recovery in rupee. The equity market continued to trade strong as Sensex rose over 150 points while Nifty above 10,650. The broader markets outperformed frontliners as Nifty midcap index rose over 1% while all sectoral indices remained in the green barring IT that lost 2% led by Pharma which rose over 2%.

In afternoon session market continued to trade near days high as Sensex surged 250 points while Nifty reclaimed 10,700 on strong support from banks, FMCG, infra, pharma & oil while Nifty IT remain only loser fell 2%. Broader market continued to outperform frontliners as Nifty midcap rose over 1%.

In last hour of trade market traded at days high as Sensex surged nearly 300 points while Nifty traded above 10,700. The market closed higher for third consecutive session, amid sharp correction in oil prices. All sectoral indices closed in green baring IT that fell 1.92% while pharma & PSU bank rose over 2%. Nifty midcap outperformed frontliners rose 264 points. Sensex closed 240.61 points up at 35,165.48, Nifty up by 83.50 points at 10,688.65.

Top Gainers

Sun Pharma by 6.55% to Rs.497.00, HindPetro by 6.18% to Rs.313.45, BPCL by 5.44% to Rs.401.25, GAIL by 5.37% to Rs.336.30, Lupin by 4.95% to Rs.782.50.

Top Losers

Tech Mahindra by -3.81% to Rs.676.00, Power Grid by -2.43% to Rs.206.90, TCS by -2.07% to Rs.3,499.35, HCL Tech by -2.07% to Rs.897.00, Hindalco by -1.63% to Rs.241.50.

Analysis Of Top Gainer And Loser

Sun Pharma is the top gainer in today's market after company reported 7% yoy increase in net profit to Rs.1,310 in March quarter, higher than the Rs.895 crore profit projected by analysts tracked by Bloomberg.

Tech Mahindra is the top loser in today's market despite company Q4 profit doubled to Rs.1,222 crore beating analysts average estimate of Rs.934 crore, according to Reuters. Appreciation of rupee against dollar show selling pressure in IT stocks.

Key Market News

Crude oil prices have been falling after hitting $80.50 a barrel (on May 17, 2018), the highest level since November 2014. The correction in oil prices was on signs that output from the three top crude producers, Russia, the United States and Saudi Arabia, would climb to meet concerns about supply amid strong demand. The Organization of the Petroleum Exporting Countries (OPEC), as well as top producer but non-OPEC member Russia, started withholding supplies in 2017 to tighten the market and prop up prices, which in 2016 fell to a more than a decade low of under $30 per barrel.

President Donald Trump appeared to confirm that his summit with Kim Jong Un was back on, three days after he abruptly called off the historic meeting in an sharply worded letter to the North Korean leader. The State Department earlier confirmed reports that a U.S. delegation is meeting with North Korean officials to prepare for the summit, which had been set for Singapore on June 12.

Stocks To Watch

Just Dial Ltd. is on the upside while PC Jeweller Ltd. is on the downside.

Just Dial is currently trading at Rs.611.80, up by Rs.104.15 or 20.52% from its previous closing of Rs.507.65 on the NSE. The scrip opened at Rs.504.00 & has touched a high & low of Rs.623.40 and Rs.503.75 respectively. So far 2,73,37,841 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,240.63 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.647.00 on 16-January-2018 & a 52 week low of Rs.327.55 on 11-August-2017.

PC Jeweller is currently trading at Rs.178.25, down by Rs.14.25 or 7.40% from its previous closing of Rs.192.50 on the NSE. The scrip opened at Rs.198.00 & has touched a high and low of Rs.198.00 & Rs.174.00 respectively. So far 2,59,23,522 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,043.18 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.600.65 on 16-January-2018 and a 52 week low of Rs.94.55 on 03-May-2018.

Share Market News 24-May-2018


Sensex Rallied Over 300 Points, Nifty Above 10,500, Led By IT Stocks

The Benchmark indices opened on a positive note, Sensex gained 100 points & Nifty above 10,450, led by some short covering. The equity market extended gain as Sensex rose nearly 200 points while Nifty well above 10,450, despite mix trend in Asian stocks. IT index rose over 2% also pharma, selective banks & financials supported the market while auto down over 1%. Nifty Midcap index fell half a percent.

In afternoon session market traded strong as Sensex surged 250 points while Nifty near 10,500 levels. IT and banking & financials stocks continued to support market while auto & realty index down over 1%. Nifty midcap continued to underperform frontliners as midcap fell over half a percent.

In last hour of trade traded at days high as Sensex surged nearly 300 points while Nifty traded above 10,450. The market gathered strength in late trade on short covering. Expect Auto & Realty all sectoral indices closed in green led by IT, Banking & financials and metal index, was up over 1-3%. Nifty midcap index fell 80 points on weak market breadth. Sensex closed 318.20 points up at 34,663.11, Nifty up by 83.50 points at 10,513.85.

Top Gainers

Bharti Airtel by 4.34% to Rs.372.30, TCS by 3.31% to Rs.3,610.75, Infosys by 2.96% to Rs.1,220, Axis Bank by 2.92% to Rs.535.45, Sun Pharma by 2.53% to Rs.463.70.

Top Losers

Tata Motors by -6.33% to Rs.289.85, GAIL by -5.45% to Rs.305.35, ONGC by -4.39% to Rs.167.70, Grasim by -2.52% to Rs.1,021, HindPetro by -1.10% to Rs.283.85.

Analysis Of Top Gainer And Loser

Bharti Airtel is the top gainer in today's market as company added 8.4 million subscribers in the month of March. The net additions trend showed that the gap between Reliance Jio & Airtel reduced significantly.

Tata Motors is the top loser in today's market as company reported 50% drop in consolidated net profit in Q4 2018. The fall in bottom line was primarily due to Rs.1,641.38 crore impairment of capital work in progress.

Key Market News

Federal Reserve officials said the economic outlook warranted another interest rate hike soon and signaled they would welcome a modest overshoot of their 2 percent inflation target, indicating theyre in no rush to tighten more aggressively. Most participants judged that if incoming information broadly confirmed their current economic outlook, it would likely soon be appropriate for the committee to take another step in removing policy accommodation, minutes released Wednesday of the Federal Open Market Committees May 1-2 meeting said.

The Narendra Modi government today moved to amend the Insolvency and Bankruptcy Code via the ordinance route. The Union Cabinet has approved an ordinance that incorporates changes to the bankruptcy law, Law Minister Ravi Shankar Prasad told reporters at a press briefing. Prasad declined to share details on the changes as the Presidents approval is still awaited.

Stocks To Watch

NCC Ltd. is on the upside while Jet Airways (India) Ltd. is on the downside.

NCC is currently trading at Rs.114.40, up by Rs.9.15 or 8.69% from its previous closing of Rs.105.25 on the NSE. The scrip opened at Rs.106.70 & has touched a high & low of Rs.115.40 and Rs.104.15 respectively. So far 3,45,77,685 (NSE) shares were traded on the counter. The current market cap of the company is Rs.6,871.40 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.141.40 on 10-January-2018 & a 52 week low of Rs.76.20 on 10-August-2017.

Jet Airways is currently trading at Rs.392.95, down by Rs.28.15 or 6.68% from its previous closing of Rs.421.10 on the NSE. The scrip opened at Rs.395.15 & has touched a high and low of Rs.402.80 & Rs.370.05 respectively. So far 1,37,39,326 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,447.91 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.883.45 on 05-January-2018 and a 52 week low of Rs.370.05 on 24-May-2018.

Share Market News 23-May-2018


Market Resume Decline after A Days Breather, Nifty Below 10,450 Level

The Benchmark indices started on a flat note with Sensex declined 25 points & Nifty above 10,500, despite weakness in Asian peers . The equity market traded mildly lower as Sensex down 60 points while Nifty below 10,500 as Asian markets down. Metals, oil stocks and HDFC twins pulled the market lower but SBI, ICICI Bank, Tata Motors & IT stocks capped losses while midcap traded flat.

In afternoon session market extended losses as Sensex fell 100 points while Nifty below 10,500 levels. Nifty PSU Bank & IT index traded in green while metals, oil, Auto & HDFC twins stocks in red. Midcap also down 0.35%.

In last hour of trade market extended losses as Sensex fell over 200 points while Nifty below 10,450 levels. The market closed sharply lower as selling pressure resumed again on weaker rupee & global weakness. Except PSU Bank index (up 2.84%) all indices ended in red led by Metal, Auto, Realty & FMCG. Nifty midcap index fell over half a percent. Sensex closed 306.33 points down at 34,344.91, Nifty down by 106.35 points at 10,430.35.

Top Gainers

SBIN by 3.76% to Rs.263.45, Tech Mahindra by 2.13% to Rs.701.00, Cipla by 1.91% to Rs.534.00, UPL by 1.26% to Rs.690.90, L&T by 0.82% to Rs.1,330.95.

Top Losers

HindPetro by -8.21% to Rs.263.45, VEDL by -7.21% to Rs.250.50, Tata Steel by -6.16% to Rs.534.00, BPCL by -5.43% to Rs.376.00, ONGC by -5.32% to Rs.175.35.

Analysis Of Top Gainer And Loser

SBIN is the top gainer in today's market despite reporting loss of Rs.7,718 due to high provisions but revenue has improved by 18.6%. Investors cheered management guide for the future prospect.

HindPetro is the top loser in today's market as companys net profit dropped by 4% on lower refining margins & inventory gains. Also due to buzz of excise duty cut on petrol & diesel hurt the sentiment of OMCs.

Key Market News

The rising fuel prices are becoming a concern for the common people. Fuel prices continue to hit new highs for the 10th day in a row today as petrol prices rise by 29 paise in Mumbai and diesel prices rose 28 paise. Petrol prices in Delhi are up by 30 paise. A possible drop in Venezuelas crude output after a disputed presidential election, potential US sanctions on the country as well as the tough stance by US on Iran are the key price drivers.

US President Donald Trump on Tuesday said he is not "satisfied" with the trade talks held with China, despite the fact that earlier this week officials announced a framework agreement to reduce trade tensions with the Asian giant. The US leader said, however, that the talks with China were a start, after the visit to Washington by a Chinese delegation headed by Liu He, the top economic adviser to Chinese President Xin Jinping, Efe reported. In an another news US President Donald Trump yesterday said that he will propose new tax cuts sometime prior to November, when Republicans look to hold on to their majorities in Congress in midterm elections. He did not give any details.

Stocks To Watch

Marksans Pharma Ltd. is on the upside while Hindustan Petroleum Corporation Ltd. is on the downside.

Marksans is currently trading at Rs.28.70, up by Rs.2.80 or 10.81% from its previous closing of Rs.25.90 on the NSE. The scrip opened at Rs.25.75 & has touched a high & low of Rs.30.10 and Rs.25.55 respectively. So far 55,40,454 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,170.64 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.52.30 on 06-November-2017 & a 52 week low of Rs.25.30 on 14-May-2018.

HPCL is currently trading at Rs.286.25, down by Rs.25.60 or 8.21% from its previous closing of Rs.311.85 on the NSE. The scrip opened at Rs.304.00 & has touched a high and low of Rs.310.65 & Rs.283.55 respectively. So far 1,64,65,140 (NSE) shares were traded on the counter. The current market cap of the company is Rs.43,726.09 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.492.80 on 31-August-2017 and a 52 week low of Rs.283.55 on 23-May-2018.

Share Market News 22-May-2018


Market Snapped 5-Day Losing Streak Led By SBI, Tata Motors

The Benchmark indices opened on a flat note with Sensex was up 30 points & Nifty above 10,500, amid mix Asian cues. The equity market continued to consolidate as Sensex was up 10 points while Nifty above 10,500, amid corporate earnings. All sectoral indices except FMCG & IT traded in green led by Pharma, Auto, Metal & PSU Bank, was up over 1%. Midcap also traded mildly higher.

In afternoon session market traded mildly higher as Sensex rose 50 points while Nifty inched towards 10,550 levels, amid consolidation as investors awaited SBI earnings. Nifty PSU bank, Metal, Auto & Realty index rose over 1% while IT, FMCG & Pvt. bank traded in red. Nifty midcap remained flat.

In last hour of trade market continued to be range-bound as Sensex rose 20 points while Nifty above 10,500 levels. The market snapped 5 day losing streak led by short covering in banks. Among sectors except FMCG & Pvt. banks all ended in green led by PSU bank, Metal, Auto, Pharma & Realty index, was up over 1%. Nifty midcap was up 48 points. Sensex closed 35.11 points up at 34,651.24, Nifty up by 20.00 points at 10,536.70.

Top Gainers

Dr. Reddy by 5.87% to Rs.2,004.20, Bajaj Finserv by 4.84% to Rs.5,999, SBIN by 4.60% to Rs.255.70, Tata Motors by 4.09% to Rs.308.00, Bajaj Auto by 3.51% to Rs.2,816.

Top Losers

IOC by -3.54% to Rs.159.30, Ultratech by -2.63% to Rs.3,751.05, Infratel by -1.76% to Rs.316.05, IndusInd Bank by -1.56% to Rs.1,895, Asian Paints by -1.33% to Rs1,284.40.

Analysis Of Top Gainer And Loser

Dr. Reddy is the top gainer in today's market despite decline in net profit by 3.3% for Q4 2018 but revenue grew 1% led by domestic growth of 16%.

IOC is the top loser in today's market as company reported decline in net profit of 34% for Q4 FY18 despite revenue growth of 4.48%.

Key Market News

Rating agency Icra expects GDP growth in January-March 2017-18 at 7.4% on account of good rabi crop harvest and improved corporate earnings, up from 7.2% in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal 2017-18 and provisional annual estimates for the year 2017-18 on May 31. As per Icra, the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms is likely to record a considerable recovery to 7.3% in Q4 FY18 from 6.7% in Q3 FY18, thereby rebounding above 7% after a gap of five quarters.

Leading bourse NSE has dragged the Singapore Exchange (SGX) to court over the overseas bourse's plans to launch Nifty-based derivative products. SGX has, however, reiterated its plan to list the new Indian derivatives in June. SGX has been notified by the National Stock Exchange of India (NSE) of an application made in the Bombay High Court for an interim injunction on our new products," the overseas exchange said in a statement issued today. SGX also said that it has informed NSE that India needs to maintain liquidity in its offshore equity derivatives market.

Stocks To Watch

Stride Shasun Ltd. is on the upside while Mahanagar Gas Ltd. is on the downside.

Stride Shasun is currently trading at Rs.393.55, up by Rs.52.55 or 15.41% from its previous closing of Rs.341.00 on the NSE. The scrip opened at Rs.345.20 & has touched a high & low of Rs.409.20 and Rs.342.00 respectively. So far 1,96,82,946 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,512.11 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,002.20 on 24-July-2017 & a 52 week low of Rs.333.30 on 21-May-2018.

MGL is currently trading at Rs.793.10, down by Rs.48.70 or 5.79% from its previous closing of Rs.841.80 on the NSE. The scrip opened at Rs.824.00 & has touched a high and low of Rs.827.00 & Rs.772.15 respectively. So far 22,11,128 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,803.44 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,377.50 on 03-November-2017 and a 52 week low of Rs.772.15 on 22-May-2018.

Share Market News 21-May-2018


Market Post Biggest Losing Streak In 2-Month, Nifty Near 10,500

The Benchmark indices started on marginally higher note as Sensex was up 80 points & Nifty above 10,600, amid positive Asian cues. The equity market traded lower amid consolidation as Sensex fell over 100 points while Nifty below 10,600, amid higher crude oil prices and weaker rupee, dragged by HDFC twins, auto, metals stocks and Reliance while PSU Bank outperformed was up over 15. Nifty midcap underperformed frontliners fell over 1%.

In afternoon session market remained under pressure as Sensex fell 150 points while Nifty traded below 10,550 levels, amid higher crude oil prices. PSU bank index gained over 2% while Nifty Auto, Media, Metal & Pharma fell over 1.5%. Nifty midcap index was down over 1.5%.

In last hour of trade market remained under pressure as Sensex was down over 200 points while Nifty struggled below 10,550 levels. The market ended lower for the 5th consecutive session dragged by pharma, metals, auto stocks, HDFC twins and Reliance while PSU banks & technology stocks held the market. Nifty midcap underperformed frontliners, down 320 points. Sensex closed 232.17 points down at 34,616.13, Nifty down by 79.70 points at 10,516.70.

Top Gainers

SBIN by 2.37% to Rs.244.50, BPCL by 1.95% to Rs.393.90, Coal India by 1.57% to Rs.271.00, TCS by 1.42% to Rs.3,551.80, GAIL by 1.40% to Rs.326.00.

Top Losers

Dr. Reddy by -4.64% to Rs.1,890, Sun Pharma by -4.53% to Rs.443.85, UPL by -3.84% to Rs.682.20, Yes Bank by -3.30% to Rs.334.10, ZEEL by -2.91% to Rs.551.10.

Analysis Of Top Gainer And Loser

SBIN is the top gainer in today's market ahead of Q4 2018 earnings due tomorrow & bank is expected to report loss in this quarter as well.

Dr. Reddy is the top loser in today's market ahead of Q4 March earnings due tomorrow. Company is expected to post good numbers.

Key Market News

The U.S. and China declared a truce in their trade dispute over the weekend, but that will prove temporary if the worlds two largest economies fail to deliver on their vague commitments to re-balance trade. Were putting the trade war on hold, Treasury Secretary Steven Mnuchin said Sunday after the two sides released a joint statement a day earlier. Right now, we have agreed to put the tariffs on hold while we execute the framework. The statement released on Saturday after two days of talks between Chinese Vice Premier Liu He and senior American officials, including Trump isnt seen as a panacea to the months-long conflict.

India is the sixth wealthiest country in the world with a total wealth of $8,230 billion, while the U.S. is the richest nation globally, says a report. According to the AfrAsia Bank Global Wealth Migration Review. Factors that will help in wealth creation in India include large number of entrepreneurs, good educational system, robust outlook for information technology, business process outsourcing, real estate, healthcare and media sectors which will result in a 200% rise 10-year wealth growth forecast, according to the report.

Stocks To Watch

Balrampur Chini Mills Ltd. is on the upside while Indiabulls Real Estate Ltd. is on the downside.

Balrampur Chini is currently trading at Rs.66.75, up by Rs.4.45 or 7.14% from its previous closing of Rs.62.30 on the NSE. The scrip opened at Rs.62.50 & has touched a high & low of Rs.68.50 and Rs.62.50 respectively. So far 1,33,10,292 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,551.25 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.182.50 on 13-September-2017 & a 52 week low of Rs.58.70 on 16-May-2018.

IBRE is currently trading at Rs.183.60, down by Rs.22.10 or 10.74% from its previous closing of Rs.205.70 on the NSE. The scrip opened at Rs.202.00 & has touched a high and low of Rs.202.00 & Rs.182.70 respectively. So far 86,27,759 (NSE) shares were traded on the counter. The current market cap of the company is Rs.8,823.35 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.269.70 on 07-August-2017 and a 52 week low of Rs.151.10 on 24-May-2017.

Share Market News 17-May-2018

Sensex, Nifty Extend Losses For 3rd Day As Oil Tops $80/Bbl

The Benchmark indices rebound after the confirmation of BJP Govt. with Sensex rose 110 points & Nifty above 10,750. The equity market turned negative as Sensex was down 100 points while Nifty fell below 10,750 as investor digested Karnataka election outcome. Most of the sectoral index traded under pressure led by Metal, Banking & Financials while Auto & IT supported the market. Nifty midcap index outperformed frontliners, traded in green.

In afternoon session market continued to trade lower as Sensex fell over 100 points while Nifty struggled below 10,750 as Brent crude oil prices inched towards $80/ barrel. Nifty Auto, Pharma, IT & PSU bank traded in green while Metal, Pvt. bank & FMCG in red. Nifty midcap index rose .30%.

In last hour of trade market continued to trade lower as Sensex fell over 100 points while Nifty hold on to 10,700 mark. The market extended losses for 2nd straight session, amid high Brent crude oil prices. All the sectoral index traded under pressure led by FMCG, Metal & Banks while Nifty midcap outperformed frontliners, rose 70 points. Sensex closed 238.76 points down at 35,149.12, Nifty down by 58.40 points at 10,682.70.

Top Gainers

Bajaj Finance by 7.71% to Rs.2,067.95, Bajaj Finserv by 4.49% to Rs.5,558, Coal India by 2.98% to Rs.271.35, Sun Pharma by 2.77% to Rs.484.75, Infratel by 1.52% to Rs.320.00.

Top Losers

Hindalco by -3.15% to Rs.232.20, UPL by -2.58% to Rs.707.10, ITC by -3.15% to Rs.279.10, Axis Bank by -2.32% to Rs.537.35, HDFC by -2.01% to Rs.1,574.

Analysis Of Top Gainer And Loser

Bajaj Finance is the top gainer in today's market as company posted best quarterly result in over 6 years as profit grew by 60%, beat analyst estimates.

Hindalco is the top loser in today's market as company reported a 25% drop in its standalone quarterly profit in January-March 2018 quarter.

Key Market News

In Karnataka the drama continue as BS Yeddyurappa and the BJP have been invited to form the government in Karnataka. They will have up to fifteen days from when he takes office to prove his majority in a floor test, said Governor of Karnataka. As asked by Governor BJP candidate BS Yeddyurappa took oath today morning. The Congress has moved the Supreme Court against Karnataka Governor Vajubhai Vala's decision to invite BJPs Yeddyurappa to form the government in the state and sought an immediate hearing.

For the first time since inception, the Reserve Bank of Indias Monetary Policy Committee (MPC) will meet for three days in June for the second bi-monthly policy review instead of the usual two days. The RBI said the change in schedule is due to "administrative" reasons. The six members of the MPC led by RBI Governor Urjit Patel will meet on June 4, 5 and 6. Analysts and experts suggest there is a high probability of a repo rate hike in the June policy due to the spike in inflation to 4.6 percent in April and worries of high crude prices.

Stocks To Watch

Jyothy Laboratories Ltd. is on the upside while PTC India Ltd. is on the downside.

Jyothy Lab. is currently trading at Rs.471.05, up by Rs.78.50 or 20% from its previous closing of Rs.392.55 on the NSE. The scrip opened at Rs.400.00 & has touched a high & low of Rs.471.05 and Rs.399.50 respectively. So far 35,75,837 (NSE) shares were traded on the counter. The current market cap of the company is Rs.8,544.32 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.471.05 on 17-May-2018 & a 52 week low of Rs.324.50 on 16-November-2017.

PTC India is currently trading at Rs.83.60, down by Rs.8.35 or 9.08% from its previous closing of Rs.91.95 on the NSE. The scrip opened at Rs.92.65 & has touched a high and low of Rs.93.50 & Rs.82.60 respectively. So far 1,41,74,043 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,473.15 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.130.45 on 21-September-2017 and a 52 week low of Rs.82.60 on 17-May-2018.

Share Market News 16-May-2018

Sensex, Nifty Extend Losses On Mixed Earnings, Karnataka Uncertainty

The Benchmark indices opened sharply lower with Sensex down over 150 points & Nifty below 10,750, amid weak Asian cues. The equity market continued to trade lower as Sensex was down over 200 points while Nifty traded below 10,750, amid uncertainty over Karnataka Govt. formation. Baring FMCG & Realty all the sectoral index remained under pressure led by Bank & Financials and metal. Nifty midcap index trimmed losses to half a percent.

In afternoon session market recovered from days low as Sensex was down 50 points while Nifty back above 10,750 helped by recovery in Rupee & fall in crude oil prices. Nifty FMCG & Realty index is up over 1% while all other index traded in red. Nifty midcap turned in green.

In last hour of trade market further extended losses as Sensex slipped nearly 200 points while Nifty below 10,750. The market closed lower as uncertainty remained over the formation of Govt. in Karnataka. Nifty Realty & FMCG rose over 1% while PSU bank fell over 3% followed by financials & Pvt. banks as well. Nifty midcap down 14 points. Sensex closed 156.06 points down at 35,387.88, Nifty down by 60.75 points at 10,741.10.

Top Gainers

HUL by 3.87% to Rs.1,574.15, Lupin by 2.26% to Rs.767.75, ITC by 1.60% to Rs.286.35, Bajaj Finance by 1.42% to Rs.1,929, Wipro by 1.37% to Rs.274.70.

Top Losers

ICICI Bank by -3.67% to Rs.296.95, Cipla by -3.40% to Rs.556.20, Ultratech by -3.15% to Rs.3,980, RIL by -2.51% to Rs.954.40, GAIL by -2.37% to Rs.331.40.

Analysis Of Top Gainer And Loser

Hindustan Unilever is the top gainer in today's market as company posted strong numbers for Q4 FY18 as PAT grew by 1.2% beat street expectations.

ICICI Bank is the top loser in today's market as banking sector remained under selling pressure due to lower then expected numbers

Key Market News

Japan's economy shrank for the first time in two years in the first quarter of the year amid weak consumption, official data showed. The world's third-largest economy contracted by 0.2% quarter-on-quarter in the January-March period, compared with growth of 0.1% at the end of 2017, the Cabinet Office said. Private consumption was flat after an uptick of 0.2% in the final quarter of last year. Private residential investment plunged another 2.1% after a 2.7% fall in the previous quarter.

Indias trade deficit widened to $13.72 billion in April. This is $47 million higher than the $13.25- billion trade deficit reported in April 2017, according to data put out by the Ministry of Commerce. The higher deficit is on account of the near doubling of crude oil prices. However, the deficit was mitigated by lower gold and jewellery imports. In rupee terms, the trade balance widened by 4,564.98 crore in April to Rs.90,031.71 crore, from Rs.85,466.73 crore in April last year. An official statement said, Oil imports during April were valued at $10.41 billion which was 41.49% higher than oil imports valued at $7.36 billion in April 2017.

Stocks To Watch

Indiabulls Real Estate Ltd. is on the upside while Punjab National bank is on the downside.

IB Real Estate is currently trading at Rs.207.90, up by Rs.22.10 or 11.89% from its previous closing of Rs.185.80 on the NSE. The scrip opened at Rs.191.30 & has touched a high & low of Rs.209.80 and Rs.191.30 respectively. So far 2,76,88,556 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,911.20 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.269.70 on 07-August-2017 & a 52 week low of Rs.151.10 on 24-May-2017.

PNB is currently trading at Rs.75.70, down by Rs.10.25 or 11.93% from its previous closing of Rs.85.95 on the NSE. The scrip opened at Rs.79.15 & has touched a high and low of Rs.80 & Rs.74.15 respectively. So far 9,85,23,673 (NSE) shares were traded on the counter. The current market cap of the company is Rs.20,856.13 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.231.45 on 26-October-2017 and a 52 week low of Rs.74.15 on 16-May-2018.

Share Market News 15-May-2018

Karnataka Cliffhanger Scares The Market; Nifty Hold 10,800

The Benchmark indices started flat as Sensex was up 10 points & Nifty tested 10,800, as Karnataka vote counting started. The equity market continued to trade positively as Sensex surged over 350 points while Nifty was above 10,900 as BJP emerged as the biggest single party in Karnataka. Nifty Bank index rose over 350 points while Pharma, IT and FMCG indices turned flat. Nifty midcap rose 0.50%.

In the afternoon session, the market was off days high as investors booked profit at the higher level. Sensex was up over 200 points while Nifty was above 10,850. Later, Nifty midcap turned negative, was down over 0.50%. Nifty Realty, Pharma & PSU bank index fell over 1% while private banks, NBFCs, IT & metal supported the market.

In the last hour of trade, the market was flat as Sensex was up 50 points while Nifty traded above 10,800. The market ended flat after it became clear that BJP was likely to fail to reach the halfway mark in Karnataka. Nifty Realty & PSU Bank index tumbled over 2% while IT, metal & private banks supported the market. Nifty midcap index was down 179 points. Sensex closed 12.77 points down at 35,543.94, Nifty was down by 4.75 points at 10,801.85.

Top Gainers

Tata Steel by 2.73% to Rs.627, Power Grid by 2.37% to Rs.214, Bajaj Finance by 1.90% to Rs.1,900, TCS by 1.56% to Rs.3,487, Asian Paint by 1.28% to Rs.1,314.

Top Losers

Tata Motors by -3.99% to Rs.310.70, SBIN by -2.78% to Rs.246.55, Coal India by -2.24% to Rs.264, IndusInd Bank by -1.39% to Rs.1,199.75, NTPC by -1.08% to Rs.169.80.

Analysis Of Top Gainer And Loser

Tata Steel is the top gainer in today's market as Analyst expect a turnaround in this quarter. Company Q4 result is due tomorrow.

Tata Motors is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

Indias retail inflation came in at 4.58% in April from Marchs 4.28% due to rise in prices of miscellaneous items such as education, household goods, personal care items as well as petrol and diesel prices, data released by statistics office showed. Retail inflation, measured by Consumer Price Index (CPI) had fallen to 2.99% in April 2017. CPI is the main price measure that the Reserve Bank of India (RBI) tracks. Marchs data is an indication that prices are at a relatively safe distance from the apex banks upper tolerance level of inflation at 6%.

MSCI, the worlds biggest index compiler with roughly $12 trillion in assets benchmarked to its products, will add four Indian stocks and remove five from its Global Standard Index with effect at May 31 close.

New Additions: Avenue Supermart, InterGlobe Aviation, Pidilite Industries and Power Grid Corporation of India.

Deletions: ACC, IDFC Bank, PFC, Tata Motors DVR and Vakrangee.

MSCI also released the list of 234 domestically listed Chinese companies that will be added to benchmark equity from next month. The move is expected to trigger potential outflow from markets like India.

Share Market News 14-May-2018

Market Flat Ahead Of Karnataka Poll Outcome, Nifty Holds 10,800

The Benchmark indices started the week on a quiet note with Sensex was up 30 points & Nifty above 10,800 . The equity market is off days high as Sensex was down 10 points while still above 10,800, ahead of Karnataka Election result. Among sectoral index IT, Auto & Realty traded under pressure while Pharma & PSU Bank index rose 1%. Nifty midcap to traded lower nearly 1%.

In afternoon session some weakness seen in D-Street as Senxes fell over 50 points while Nifty fell below 10,800, ahead of Karnataka election result. Midcaps have further extended their fall, pharma and PSU banks have trimmed some of the gains. Auto stocks too continued to trade lower.

In last hour of trade market traded volatile as Sensex was up 10 points while Nifty traded above 10,800. The market ended flat as traders maintained cautious ahead of Karnataka result. Banking & financial, Pharma stocks supported the market while Realty & Auto traded under pressure. Nifty midcap was down over 1.3% Sensex closed 20.92 points up at 35,556.71, Nifty up by 0.10 points at 10,806.60.

Top Gainers

NTPC by 2.24% to Rs.171.20, BPCL by 1.30% to Rs.404.50, IndusInd Bank by 1.25% to Rs.1,918, Dr. Reddy by 1.23% to Rs.2,015, Power Grid by 1.04% to Rs.209.00.

Top Losers

Titan by -3.49% to Rs.922.65, ZEEL by -2.75% to Rs.576.50, Tata Motors by -2.21% to Rs.323.50, M&M by -2.19% to Rs.850.05, Infratel by -2.05% to Rs.313.30.

Analysis Of Top Gainer And Loser

NTPC is the top gainer in today's market as buying was seen in the stock on the back of a heavy volume.

Titan is the top loser in today's market as selling pressure was seen in the stock despite strong Q4 numbers.

Key Market News

Inflation based on wholesale prices shot up to 3.18% in April on increasing prices of petrol and diesel as well as fruits and vegetables. The Wholesale Price Index based inflation stood at 2.47% in March and 3.85% in April last year. According to govt. data released, inflation in food articles was at 0.87% in April 2018, as against a deflation of 0.29% in the preceding month. Deflation in vegetables was 0.89% in April, while in the previous month it was 2.70%. Inflation in fuel and power basket rose sharply to 7.85% in April from 4.70% in March as prices of domestic fuel increased in line with rising global crude oil rates.

Despite moderation in factory output growth in March, India's GDP is expected to grow by 7.7% in January-March, up from 7.2% in the preceding quarter, says a Nomura report. According to the Japanese financial services major, despite the moderation in March, industrial production growth averaged 6.2% in the January- March period, up from 5.9% in Q4 (October-December). The report further noted that India is expected to witness cyclical recovery led by both investment and consumption.

Stocks To Watch

Sun TV Network Ltd. is on the upside while Tata Global Beverages Ltd. is on the downside.

Sun TV is currently trading at Rs.959.90, up by Rs.91.40 or 10.52% from its previous closing of Rs.868.50 on the NSE. The scrip opened at Rs.905.00 & has touched a high & low of Rs.977.80 and Rs.901.65 respectively. So far 1,10,10,934 (NSE) shares were traded on the counter. The current market cap of the company is Rs.37,991.73 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,097.80 on 16-January-2018 & a 52 week low of Rs.652.45 on 10-August-2017.

Tata Global is currently trading at Rs.257.00, down by Rs.30.50 or 10.61% from its previous closing of Rs.287.50 on the NSE. The scrip opened at Rs.280.00 & has touched a high and low of Rs.281.35 & Rs.251.85 respectively. So far 1,68,22,847 (NSE) shares were traded on the counter. The current market cap of the company is Rs.16,112.74 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.328.75 on 15-January-2018 and a 52 week low of Rs.140.20 on 24-May-2017.

Share Market News 10-May-2018

Sensex, Nifty Halts 3-Day Gains, Nifty Midcap Cracked 1.5%

The Benchmark indices opened on good note with Sensex was up over 100 points & Nifty well above 10,750 mark. The equity market paired some morning gains as Sensex was up 50 points while Nifty held 10,750 levels. Baring IT & OMCs all the sectors remained under pressure led by Realty, Pharma, PSU Bank. Midcaps too are trading lower, fell nearly 1% on the Nifty Midcap index.

In afternoon session equity benchmark erased gains to trade lower as Sensex fell over 50 points while Nifty slipped below 10,750. Baring Oil & Energy stock all the sectoral stocks traded lower, led by Realty, Pharma, Metal, PSU bank & IT. Nifty midcap underperformed frontliners, was down over 1%.

In last hour of trade market continued to consolidate as Sensex was down 50 points while Nifty still below 10,750 mark. The market ended at days low as midcap underperformed with 1.5% cut. Except the oil & gas space, all sectoral indices ended in red led by Realty, Pharma, PSU Bank, Metal & FMCG. Sensex closed 73.08 points down at 35,246.27, Nifty down by 25.15 points at 10,716.55.

Top Gainers

ONGC by 2.73% to Rs.187.85, Bharti Airtel by 2.00% to Rs.410.50, Eicher Motors by 1.43% to Rs.30,750, Tech Mahindra by 1.33% to Rs.662.80, BPCL by 1.18% to Rs.390.00.

Top Losers

Dr. Reddy by -3.47% to Rs.1,992.70, IBULHSGFIN by -2.54% to Rs.1,204.90, Tata Motors by -2.47% to Rs.333.50, Cipla by -2.36% to Rs.574.10, Power Grid by -1.86% to Rs.207.90.

Analysis Of Top Gainer And Loser

ONGC is the top gainer in today's market as strong buying volume was seen in the stock.

Dr. Reddy is the top loser in today's market as overall pharma sector remained under selling pressure.

Key Market News

The auto sector has started the new financial year 2018-19 with a strong sales growth of 17.44% to 23,79,718 units in the domestic market, according to the latest SIAM data. While passenger vehicles grew 7.5% to 2,98,504 units, the highest growth was witnessed by the van segment up utility vehicles came next with a step up of 11.92% and passenger cars grew marginally at 4.89%. Commercial vehicles posted a robust 75.95% uptick to 72,993 units with MHCVs leading the attack with a sales growth of 169.26% to 28,547 units while LCVs recorded a sales step up of 43.92% to 44,446 units.

The Indian economy is expected to grow at 7.4% in the current fiscal and accelerate further to 7.8% as it recovers from the impact of demonetisation and Goods and Services Tax (GST) rollout, the International Monetary Fund (IMF) said on Wednesday. Asia continues to be the main engine of the worlds economy, accounting for more than 60% of global growth - three-quarters of which comes from China and India alone, as per IMFs Regional Economic Outlook: Asia and Pacific (REO).

Stocks To Watch

Welspun Enterprises Ltd. is on the upside while The Federal Bank Ltd. is on the downside.

Welspun Enterprises is currently trading at Rs.170, up by Rs.16.75 or 10.93% from its previous closing of Rs.153.25 on the NSE. The scrip opened at Rs.155.40 & has touched a high & low of Rs.174.80 and Rs.155 respectively. So far 50,41,727 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,508.06 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.197.65 on 10-January-2018 & a 52 week low of Rs.84.35 on 25-May-2017.

Federal Bank is currently trading at Rs.89.55, down by Rs.11.60 or 11.47% from its previous closing of Rs.101.15 on the NSE. The scrip opened at Rs.93.10 & has touched a high and low of Rs.93.50 & Rs.88.10 respectively. So far 12,55,25,242 (NSE) shares were traded on the counter. The current market cap of the company is Rs.17,637.70 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.127.65 on 17-October-2017 and a 52 week low of Rs.87.30 on 06-February-2018.

Share Market News 09 May 2018

Market Rose For 3rd Day, Nifty Still Below 10,750, IT Stocks Lead

The Benchmark indices began the on a lower note with Sensex was down 50 points & Nifty held 10,700. The equity market continued to trade flat as Sensex was up 27 points while Nifty stayed above 10,700 levels. Barring IT & Metal (was up over 1%) all sectoral indices traded in red led by OMCs & banking stocks remained under profit booking. Nifty midcap too traded lower.

In afternoon session sharp surged seen in equity benchmark as Sensex rose over 150 points while Nifty traded above 10,750 levels, led by Tata Motors, Reliance & TCS. Reversal of losses in financials along with a surge in metals and IT & Auto names are pushing indices higher. Midcap continued to trade lower.

In last hour of trade market continued to trade higher as Sensex was up 100 points while Nifty slipped below 10,750 mark. The market closed on a positive note after trading in a narrow range. Among sectors, PSU banking stocks remained the laggard along with pharma and FMCG stocks while IT supported the market. Nifty midcap closed lower by half a percent. Sensex closed 103.03 points up at 35,319.35, Nifty up by 23.90 points at 10,741.70.

Top Gainers

Tata Motors by 2.80% to Rs.341.45, Titan by 1.82% to Rs.985.75, Tata Steel by 1.41% to Rs.604,75, Yes Bank by 1.41% to Rs.348.15, UPL by 1.39% to Rs.731.50.

Top Losers

Ultratech by -2.41% to Rs.3,966, BPCL by -1.94% to Rs.385.00, Lupin by -1.41% to Rs.763.90, Bajaj Finance by -1.09% to Rs.1,848, HPCL by -1.07% to Rs.303.70.

Analysis Of Top Gainer And Loser

Tata Motors is the top gainer in today's market as as Jaguar Land Rover (JLR) sales grew at an annual 11.90% to 45,180 units for April. The sales of its subsidiary were primarily driven by introduction of new models, including the Range Rover Velar, the Land Rover Discovery and the Jaguar E-PACE.

Ultratech Cement is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

President Donald Trump said the U.S. will withdraw from the landmark 2015 accord to curb Irans nuclear program and reinstate financial sanctions on the Islamic Republic, opening an uncertain new chapter for the Middle East. His decision, widely anticipated by allies and analysts, was intended to force Iran to renegotiate an agreement the countrys leaders have said they will not revisit. Trumps political opponents warned he could lead the U.S. into another Mideast war.The exit throws plans for billions of dollars of investments by European companies into disarray. Oil rebounded to trade at the highest level since 2014 as investors focused on how Iranian crude buyers will react to sanctions aimed at cutting exports from OPECs third-largest producer.

China and IndiaAsias first and third largest economies, respectivelyshould aim for growth-friendly fiscal consolidation to promote sustainable, inclusive growth while enhancing resilience as the two countries together contribute 45% to global growth, the International Monetary Fund (IMF) said on Wednesday.

Stocks To Watch

Firstsource Solutions Ltd. is on the upside while Greaves Cotton Ltd. is on the downside.

FSL is currently trading at Rs.70.85, up by Rs.6.40 or 9.93% from its previous closing of Rs.64.45 on the NSE. The scrip opened at Rs.65.00 & has touched a high & low of Rs.74.50 and Rs.64.80 respectively. So far 4,30,68,512 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,962.40 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.74.50 on 09-May-2018 & a 52 week low of Rs.30.35 on 15-June-2017.

Greaves Cotton is currently trading at Rs.138.85, down by Rs.6.25 or 4.31% from its previous closing of Rs.145.10 on the NSE. The scrip opened at Rs.145.00 & has touched a high and low of Rs.145.85 & Rs.138.55 respectively. So far 14,18,290 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,394.47 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.170.80 on 26-July-2017 and a 52 week low of Rs.112.35 on 18-December-2017.

Share Market News 07-May-2018

Sensex Surged Nearly 300 points, Nifty Well Above 10,700-Mark

The Benchmark indices began the week on a good note with Sensex gained over 100 points & Nifty traded around 10,650 mark. The equity market continued to trade higher as Sensex still up over 130 points while Nifty above 10,650 levels. Baring Nifty Pharma (down over 1%) all sectoral indices traded in green led by FMCG, PSU Bank, Realty & Metal, rose over a percent. Nifty midcap also traded in line with frontliners.

In afternoon session equity benchmark gathered momentum as Sensex rose over 200 points while Nifty inched towards 10,700 mark. Nifty PSU bank surged 2% followed by Metals, FMCG, Auto & Realty while Pharma & IT traded in red. Nifty also traded almost at par with frontline indices.

In last hour of trade market traded at days high as Sensex surged over 250 points while Nifty traded above 10,700 mark. The market closed on a strong note as both indices closed at days high on Monday. Barring IT & Pharma all other sector indices closed in positive territory led by PSU Bank, Metal, FMCG, Auto & Realty. Nifty midcap also rose 0.75%. Sensex closed 292.76 points up at 35,208.14, Nifty up by 97.25 points at 10,715.50.

Top Gainers

GAIL by 4.32% to Rs.344.00, M&M by 3.77% to Rs.886.50, ICICI Bank by 3.59% to Rs.293.00, Axis Bank by 3.04% to Rs.536.10, Hindalco by 2.79% to Rs.237.80.

Top Losers

Lupin by -2.61% to Rs.774.85, Dr. Reddy by -1.88% to Rs.2,067, TCS by -1.52% to Rs.3,428, Coal India by -1.44% to Rs.267.40, Cipla by -1.02% to Rs.590.90.

Analysis Of Top Gainer And Loser

GAIL is the top gainer in today's market as strong delivery basis buying was seen in the stock.

Lupin is the top loser in today's market after Credit Suisse highlighted concerns over the volume loss in its diabetes franchise. The brokerage sees a downside of 9 percent on the stock. It said that there is massive volume loss in diabetes franchise in the US and has cut earnings and target.

Key Market News

The commerce ministry has decided to formulate a comprehensive action plan to boost India's trade with Africa which is "relatively" small at present, Union Minister Suresh Prabhu said. A series of engagements have been lined up in different parts of Africa to discuss ways to promote trade and investments between the two regions, he said. With India's exports growing at a relatively slower rate, Africa holds huge potential to boost exports. According to experts, India needs to take more steps to increase cooperation with the continent in various areas including services.

Maximilian Kunkel, investment strategist at UBS Global Wealth Management spoke to BloombergQuint and said emerging markets will continue to grow due to global expansion and benign liquidity and China would be the key market.

Trade war will lead to higher prices, preparing portfolios for that probability. 20-30% probability on an outright trade war in the next 12 months.

Stocks To Watch

PC Jeweller Ltd. is on the upside while Himadri Speciality Chemicals Ltd. is on the downside.

PC Jeweller is currently trading at Rs.242.15, up by Rs.67.50 or 38.65% from its previous closing of Rs.174.65 on the NSE. The scrip opened at Rs.192.10 & has touched a high & low of Rs.243.90 and Rs.192.10 respectively. So far 18,92,41,116 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,492.13 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.600.65 on 16-January-2018 & a 52 week low of Rs.94.55 on 03-May-2018.

HSCL is currently trading at Rs.122.50, down by Rs.12.80 or 9.46% from its previous closing of Rs.135.30 on the NSE. The scrip opened at Rs.136.00 & has touched a high and low of Rs.136.55 & Rs.118.90 respectively. So far 28,50,689 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,104.58 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.196.80 on 15-January-2018 and a 52 week low of Rs.57.10 on 23-May-2017.

Share Market News: 03 May 2018

Sensex Halts 4-Day Winning Streak; Nifty Below 10,700

The Benchmark indices opened flat as Sensex was down 10 points & Nifty above 10,700, amid weak global cues. The equity market continued to remain under selling pressure as Sensex was down over 100 points while Nifty traded well below 10,700. It was weighed down by FMCG, IT stocks, Reliance Industries & HDFC Bank while HDFC and ICICI Bank continued to support the market. Broader markets extended losses, as the Nifty Midcap index fell 1.5%.

In the afternoon session, equity benchmark turned volatile from days low as Sensex was down 10 points while Nifty hovered around 10,700, ahead of US-China trade meet. IT, FMCG, select banks stocks, Reliance Industries and L&T continue to trade lower whereas ICICI Bank and HDFC capped market losses. Nifty midcap fell over a percent.

In the last hour of trade, the market continued to consolidate as Sensex was down by 50 points while Nifty hovered around 10,700 levels. The market closed lower due to global weakness amid US-China trade talks. Nifty IT, FMCG, Realty & Auto index fell the most while Metal and some private banks supported the market. Nifty midcap index fell over 1%. Sensex closed 73.28 points down at 35,103.14, Nifty down by 38.40 points at 10,679.65.

Top Gainers

Sun Pharma by 3.60% to Rs.1,260, Infratel by 3.35% to Rs.324.30, Tata Steel by 2.12% to Rs.586.70, NTPC by 1.82% to Rs.173.50, Axis Bank by 1.79% to Rs.533.10.

Top Losers

HCL Tech by -7.95% to Rs.923.00, UPL by -3.60% to Rs.707.00, Eicher Motors by -2.36% to Rs.29,800.55, KotakBank by -1.99% to Rs.1,231.85, IBULHSGFIN by -1.95% to Rs.1,272.80.

Analysis Of Top Gainer And Loser

Sun Pharma is the top gainer in today's market as the company has received USFDA approval for its version of Esomeprazole Magnesium.

HCL Tech is the top loser in today's market after the company posted a 9.8% drop in consolidated net profit for the March 2018 quarter. On Wednesday.

Key Market News

Federal Reserve officials left interest rates unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual path of interest-rate increases. The decision to maintain the federal fund's target range at 1.5% to 1.75% was a unanimous 8-0. This FOMC meeting wont be followed by a press conference. Inflation on a 12-month basis is expected to run near the committees symmetric 2 percent objective over the medium term, the policy-setting FOMC said in a statement Wednesday in Washington.

Near-month (May 31) options activity on Nifty indicates the index could hit a fresh high if NDA wins a clear majority (113 plus of 224 seats) in the upcoming Karnataka election. That would mean Nifty surpassing its January 29 record of 11,171.55 on or after May 15 when the results are out, believes derivative experts Rajesh Palviya of Axis Securities and Ashish Chaturmohta of Sanctum Wealth Management.

Stocks To Watch

PC Jeweller Ltd.is on the upside while is HCL Technologies Ltd. on the downside.

PC Jeweller is currently trading at Rs.122.90, up by Rs.12.25 or 11.07% from its previous closing of Rs.110.65 on the NSE. The scrip opened at Rs.100.65 & has touched a high & low of Rs.126.80 and Rs.94.55 respectively. So far 21,79,43,465 (NSE) shares were traded on the counter. The current market cap of the company is Rs.4,789.44 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.600.65 on 16-January-2018 & a 52 week low of Rs.94.55 on 03-May-2018.

HCL Tech is currently trading at Rs.921.00, down by Rs.79.50 or 7.95% from its previous closing of Rs.1,000.50 on the NSE. The scrip opened at Rs.997.00 & has touched a high and low of Rs.997.00 & Rs.920.00 respectively. So far 76,38,012 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,28,942.31 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.1,108 on 23-April-2018 and a 52 week low of Rs.808.15 on 04-May-2017.

Share Market News 02-May-2018

Nifty Halts 3-Day Uptrend Ahead Of Fed Meet Outcome

The Benchmark indices opened higher as Sensex was up over 100 points & Nifty above 10,750 backed by Auto sales data & strong GST collection data. The equity market continued to consolidate as Sensex was up only 10 points while Nifty traded below 10,750, ahead of Federal Reserve meeting outcome that is due tonight. Nifty IT, Metal & PSU bank indices were down 1.5-2% while auto & some selected private banks supported the market. Nifty midcap also fell over half a percent.

In the afternoon session, equity benchmark gained strength as Sensex rose over 150 points while Nifty was back above 10,750. HDFC twins, Reliance Industries, ITC and Kotak Mahindra Bank led the rally, but the correction in metals, technology and ICICI Bank capped gains. Nifty midcap traded mildly higher.

In the last hour of trade, the market continued to consolidate as Sensex fell over 50 points while Nifty below 10,750. The market closed flat after rangebound session as investors await Federal Reserve outcome due tonight. Nifty Metal, PSU bank, Realty, IT, Pharma & Auto fell over 1-3% while NBFCs & private banks supported the market. Nifty midcap index was down 302 points. Sensex closed 16.06 points up at 35,176.42, Nifty down by 21.30 points at 10,718.05.

Top Gainers

KotakBank by 4.04% to Rs.1,260, ZEEL by 2.03% to Rs.600.00, ITC by 1.83% to Rs.286.60, Axis Bank by 1.46% to Rs.524.85, Asian Paint by 1.40% to Rs.1,218.55.

Top Losers

VEDL by -4.98% to Rs.283.55, HCL Tech by -4.50% to Rs.1,005.35, Hindalco by -3.54% to Rs.227.30, Tata Steel by -3.39% to Rs.574.80, HINDUNILVR by -2.51% to Rs.1,471.

Analysis Of Top Gainer And Loser

Kotak Bank is the top gainer in today's market as investors cheered quarter performance. The lender reported a 15% YoY rise in its standalone net profit for the March quarter at Rs.1,124 crore.

VEDL is the top loser in today's market after The National Company Law Appellate Tribunal agreed to hear Renaissance Steels appeal against Vedantas revival plan for indebted Electrosteel on May 17.

Key Share Market News

Indian factory growth accelerated in April on strong domestic demand and output, a business survey showed, while price pressures were subdued which is a comforting sign for the central bank as it seeks to temper inflation without hurting the economy. The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 51.6 last month from March's 51, as predicted by a Reuters and above the 50-point mark that separates growth from contraction for a ninth straight month.

Goods and services tax (GST) collections touched a record Rs.1.03 trillion in April. It is the first time the number has crossed the 1 trillion-mark in any month since the new tax regime debuted on 1 July. Of the total revenue of Rs.1.03 trillion collected in April, Rs.18,652 crore was central GST, Rs.25,704 crore was stated GST and Rs.50,548 crore was integrated GST (including Rs.21,246 crore collected on imports), the finance ministry statement said. The cess was Rs.8,554 crore.

Stocks To Watch

Equitas Holdings Ltd.is on the upside while is Jet Airways (India) Ltd. on the downside.

Equitas is currently trading at Rs.166.05, up by Rs.11.45 or 7.41% from its previous closing of Rs.154.60 on the NSE. The scrip opened at Rs.155.40 & has touched a high & low of Rs.166.50 and Rs.155.00 respectively. So far 92,64,753 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,601.78 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.183.60 on 07-September-2017 & a 52 week low of Rs.129.30 on 06-February-2018.

Jet Airways is currently trading at Rs.591.20, down by Rs.52.05 or 8.09% from its previous closing of Rs.643.25 on the NSE. The scrip opened at Rs.640.00 & has touched a high and low of Rs.646.50 & Rs.583.00 respectively. So far 44,25,278 (NSE) shares were traded on the counter. The current market cap of the company is Rs.6,735.19 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.883.45 on 05-January-2018 and a 52 week low of Rs.438.25 on 31-May-2017.

Share Market News For April 2018

Share Market News 26-April-2018

Market Surged On The Expiry Day; Nifty Above 10,600

The Benchmark indices opened flat on Thursday as Sensex was up 40 points & Nifty up 5 points, amid consolidation. The equity market continued to trade mildly higher as Sensex was 70 points while Nifty traded above 10,550 levels, ahead of F&O expiry. Reliance, TCS, Tata Motors, HDFC bank & realty stocks supported the market while OMCs, Wipro, Axis Bank & ICICI bank capped gains. Nifty midcap also traded flat.

In the afternoon session, the equity benchmark continued to trade mildly higher as Sensex was up 50 points while Nifty inched towards 10,600, ahead of April F&O contracts expiry. Reliance, TCS, HDFC Bank & Infosys continued to support the market while oil & gas, PSU banks, Axis bank copped gains. Midcap traded mildly higher.

In the last hour of the trade, the market extended gains as Sensex rose over 200 points while Nifty was above 10,600. The market ended on a strong note. Nifty Pvt. bank, FMCG, IT led the rally while PSU bank, Realty & OMC traded lower. Nifty midcap was up 74 points. Sensex closed 212.33 points up at 34,713.60, Nifty up by 47.25 points at 10,617.80.

Top Gainers

Yes bank by 10.12% to Rs.358.15, IndusInd Bank by 2.02% to Rs.1,885, HUL by 1.98% to Rs.1,488.15, ITC by 1.70% to Rs.278.75, Eicher Motors by 1.55% to Rs.31,225.

Top Losers

Bharti Airtel by -3.08% to Rs.406.90, Lupin by -2.66% to Rs.793.00, Infratel by -2.50% to Rs.317.30, Wipro by -2.39% to Rs.280.30, SBIN by -1.67% to Rs.233.25.

Analysis Of Top Gainer And Loser

Yes Bank is the top gainer in today's market as bank's Q4 earnings beat analyst estimates, with profit growing 29% YoY on healthy growth in NII, which increased by 31.4%. Asset quality strengthened as net NPA of total advances stood at 0.64% versus 0.93% (QoQ).

Bharti Airtel is the top loser in today's market as the company will consider selling the stake in the combined company that will emerge after merger on Indus towers into Bharti Infratel.

Key Market News

According to the International Monetary Fund (IMF), the impact of higher oil prices on Indias gross domestic product may not be all that much this year and the next. Indias terms-of-trade loss as a percent of GDP over 2018-2019 at 0.18%, much lower than the 1.5% loss seen in 2017. The loss, of course, is due to a rise in oil prices. Conversely, when oil prices fell in 2015 and 2016, India had large windfall gains of around 4% of GDP. IMF estimates dated Brent crude oil price to average $64.6 a barrel for 2018, up 19% over 2017.

The European Central Bank is set to keep policy unchanged. Playing down worries over recent softness in the eurozone economy and leaving the door open to ending its lavish bond purchase scheme by the close of the year. Having tweaked its guidance last month to reflect solid growth, the ECB will probably argue that the economy is humming along and that the exceptional readings seen around the turn of the year were always unlikely to be sustained, economists said.

Stocks To Watch

Yes Bank Ltd. is on the upside while is DCM Shriram Ltd. on the downside.

Yes Bank is currently trading at Rs.358.15, up by Rs.32.90 or 10.12% from its previous closing of Rs.325.25 on the NSE. The scrip opened at Rs.327.95 & has touched a high & low of Rs.360.25 and Rs.323.60 respectively. So far 6,23,64,794 (NSE) shares were traded on the counter. The current market cap of the company is Rs.81,075.96 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.382.90 on 21-September-2017 & a 52 week low of Rs.275.25 on 23-May-2017.

DCM Shriram is currently trading at Rs.328.75, down by Rs.40.65 or 11% from its previous closing of Rs.369.40 on the NSE. The scrip opened at Rs.370 & has touched a high and low of Rs.373.95 & Rs.302 respectively. So far 19,11,608 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,424.21 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.628 on 19-December-2017 and a 52 week low of Rs.302 on 26-April-2018.

Share Market News 25-April-2018

2-Days Gains Come To A Halt Ahead Of F&O Expiry; Nifty Below 10,600

The Benchmark indices opened lower with Sensex was down 50 points & Nifty below 10,600, tracked the negative trend in global stocks. The equity market continued to trade mildly lower as Sensex was down nearly 100 points while Nifty traded below 10,600, amid consolidation. Banking & finance, oil, metals & infra stocks remained under pressure while among sectoral indices IT index rose over 1% ahead of Wipro earnings. Nifty midcap also traded lower.

In the afternoon session, equity benchmark extended losses as Sensex was down over 180 points while Nifty fell below 10,550 levels ahead of April derivative expiry. The index got dragged by banking & finance, metals, infra & FMCG stocks while IT & Realty index outperformed. Nifty midcap fell over half a percent.

In the last hour of trade, the market trimmed losses as Sensex was down over 100 points while Nifty traded below 10,600. The market closed lower ahead of the expiry of April derivative contracts. Baring IT (up 1.15%) & Realty all sectoral index traded in red led by banking & finance, metal, Pharma. Nifty midcap fell 81 points. Sensex closed 115.37 points down at 34,501.27, Nifty down by 43.80 points at 10,570.55.

Top Gainers

Bharti Airtel by 2.90% to Rs.418.05, TCS by 2.37% to Rs.3,466, M&M by 1.72% to Rs.853.00, Power Grid by 1.36% to Rs.209.25, HCL Tech by 1.68% to Rs.1,070.

Top Gainers

GAIL by -3.09% to Rs.327.30, VEDL by -2.99% to Rs.288.50, HindPetro by -2.86% to Rs.297.25, Hindalco by -2.32% to Rs.231.25, Grasim by -1.81% to Rs.1,060.85.

Analysis Of Top Gainer And Loser

Bharti Airtel is the top gainer in today's market as the company posted a surprise profit led by improvement in its Africa business and a deferred tax credit of Rs.464 crore. However, net profit fell 73% to Rs.83 crore in the quarter ended March.

GAIL is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption, and the average GDP growth is expected to rise to 7.8% in the first half of this year, says a report. According to the Japanese financial services major Nomura, investment and consumption demand are the main drivers for India's growth, amid worsening net exports.

In other news, the Government of India has inked a loan agreement of USD 125 million with World Banks investment arm to fund Innovate in India project. The loan agreement was signed yesterday between Sameer Kumar Khare, joint secretary, Ministry of Finance and Hisham Abdo, Acting Country Director, World Bank (India), an official statement said today. The objective of the project is to nurture indigenous innovation, foster local product development and accelerate commercialisation process, the report said.

Stocks To Watch

NIIT Technology Ltd. is on the upside while is PC Jeweller Ltd. on the downside.

NIIT Tech is currently trading at Rs.1,095, up by Rs.98.90 or 9.92% from its previous closing of Rs.996.20 on the NSE. The scrip opened at Rs.990.00 & has touched a high & low of Rs.1,102 and Rs.988.00 respectively. So far 70,03,708 (NSE) shares were traded on the counter. The current market cap of the company is Rs.6,642.79 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.1,102 on 25-April-2018 & a 52 week low of Rs.420.45 on 24-April-2017.

PC Jeweller is currently trading at Rs.243.00, down by Rs.46.35 or 16.02% from its previous closing of Rs.289.35 on the NSE. The scrip opened at Rs.288.00 & has touched a high and low of Rs.290.55 & Rs.238.10 respectively. So far 2,33,95,072 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,632.13 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.600.65 on 16-January-2018 and a 52 week low of Rs.208.00 on 25-May-2017.

Share Market News 24-April-2018

Reliance Lifts Market To 2 Month's High; Nifty Above 10,600

The Benchmark indices opened higher with Sensex rose over 100 points & Nifty near 10,600, followed a positive lead from Asian stocks. The equity market held morning gains as Sensex was up 100 points while Nifty hovered around 10,600 levels, backed by banking & finance, FMCG and oil stocks while metal & technology stocks were under pressure. Nifty midcap was mildly higher.

In the afternoon session, equity benchmark regained strength as Sensex was up 160 points while Nifty traded above 10,600 level, backed by Index heavyweights Reliance, HDFC & ICICI Bank while metal & technology stocks continued to reel under selling pressure. Nifty midcap also turned lower.

In the last hour of trade, the market continued to trade higher as Sensex was up nearly 200 points while Nifty above 10,600. The market closed higher thanks to the positive trend in Asian stocks. Reliance, HDFC, ICICI Bank led the market while IT, Metal, Media & PSU bank index fell over 1%. Nifty midcap also traded lower. Sensex closed 165.87 points up at 34,616.64, Nifty up by 29.65 points at 10,614.35.

Top Gainers

Reliance by 3.64% to Rs.970.05, Yes Bank by 3.50% to Rs.342.00, Bajaj Finserv by 2.52% to Rs.5,427.65, M&M by 1.73% to Rs.838.55, ICICI Bank by 1.68% to Rs.284.10.

Top Losers

Hindalco by -7.37% to Rs.236.75, Wipro by -3.50% to Rs.286.95, INFY by -2.80% to Rs.1,154.50, TECHM by -1.39% to Rs.682.70, VEDL by -1.33% to Rs.297.40.

Analysis Of Top Gainer And Loser

Reliance Industries is the top gainer in today's market as Reliance Jio, the subsidiary of Reliance Industries has added 87.4 lakh subscribers in February compared to 83 lakh in the previous month.

Hindalco is the top loser in today's market as Aluminium prices continued to fall after the US government gave US customers of Russian producer United Company Rusal more time to close out their business with the company and comply with sanctions.

Key Market News

Construction of national highways has increased to record levels and the momentum is expected to continue in this financial year, too, as funding is not an issue and the pace of land acquisition has improved, says a report. According to BofA Merrill Lynch (BofAML), 2018-19 is likely to be another robust year for the highway sector, even as some disruption is likely in the fourth quarter of this fiscal owing to 2019 general elections. Ordering and construction of national highways have increased to the all-time high of 17,055kms/9,829kms, respectively in FY18.

The Trump administration is planning to end allowing spouses of H-1B visa holders to work legally in the U.S., a top federal agency official has told lawmakers, a move that could have a devastating impact on tens of thousands of Indians.

For the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control. It also extended the deadline for companies to wind down dealings with the Russian aluminium producer by almost five months.

Stocks To Watch

Indiabulls Venture Ltd. is on the upside while is Coromandel International Ltd. on the downside.

Indiabulls Venture is currently trading at Rs.429.65, up by Rs.39.05 or 10% from its previous closing of Rs.390.60 on the NSE. The scrip opened at Rs.386.95 & has touched a high & low of Rs.429.65 and Rs.383.15 respectively. So far 83,70,502 (NSE) shares were traded on the counter. The current market cap of the company is Rs.18,965.30 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.429.65 on 24-April-2018 & a 52 week low of Rs.102.30 on 03-May-2017.

Coromandel is currently trading at Rs.470.45, down by Rs.58.50 or 11.06% from its previous closing of Rs.528.95 on the NSE. The scrip opened at Rs.533.30 & has touched a high and low of Rs.536.00 & Rs.458.55 respectively. So far 24,29,573 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,771.26 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.586.75 on 01-January-2018 and a 52 week low of Rs.345.05 on 28-April-2017.

Share Market News 23-April-2018

Market Closed Flat As Nifty Below 10,600; TCS Stole The Show

The Benchmark indices opened lower on Monday as it opened 50 points down while Nifty fell 9 points, amid Global weakness. The equity market gained strength as Sensex rose over 100 points while Nifty reclaimed 10,600 levels. Information Technology was the leading sector as Nifty IT rallied over 1.5% followed by Realty, Pharma while FMCG & Metal remained under pressure. Nifty midcap outperformed frontliners, was up over half a percent.

In the afternoon session, equity benchmark extended gains as Sensex surged nearly 200 points while Nifty was well above 10,600 levels, backed by Technology stocks. Nifty IT index further rallied by 2.5% followed by Realty, Pharma while FMCG & Metal were in red. Nifty midcap was up nearly 1%.

In the last hour of trade, the market was off days high due to depreciation in rupee as Sensex was up nearly 100 points while Nifty was above 10,600. The market ended flat due to more weakness in rupee & weak global cues. Nifty Realty, Pharma, IT supported the market while FMCG, Metal & Financial Services remained under pressure. Nifty midcap index was up by 100 points. Sensex closed 35.19 points up at 34,450.77, Nifty up by 20.65 points at 10,584.70.

Top Gainers

IndusInd bank by 3.74% to Rs.1,880.60, M&M by 2.95% to Rs.823.05, BPCL by 2.65% to Rs.381.25, Cipla by 2.03% to Rs.601.00, Sun Pharma by 1.98% to Rs.515.30.

Top Losers

Hindalco by -2.71% to Rs.255.00, IBULHSGFIN by -2.51% to Rs.1,322, UPL by -1.80% to Rs.752.00, VEDL by -1.39% to Rs.304.30, Grasim by -1.33% to Rs.1,086.15.

Analysis Of Top Gainer And Loser

IndusInd Bank is the top gainer in today's market as private sector lender reported 27% YoY growth in net profit to Rs.959.09 crore for the January-March period of FY17-18.

Hindalco is the top loser in today's market as some profit booking was seen in the stock.

Key Market News

Tata Consultancy Services Ltd (TCS), Indias largest information technology (IT) services firm, become the first Indian company to cross the $100 billion market capitalisation milestone. The recent surge in TCS shares was triggered by better than expected earnings reported on Thursday after 13 quarters of under-performance. TCS announced a bonus of 1:1 and recommended a final dividend of Rs.29 a share also improved sentiment.

As the Reserve Bank has given no relaxation to its February 12 framework on the resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector. On February 12, the central bank had come out with a revised framework for the resolution of stressed assets. The new set of rules aim at quick reporting of defaults, coming out with resolution plans for defaulting companies and time-bound referrals of defaulting firms to the National Company Law Tribunal (NCLT).

Stocks To Watch

Oberoi Realty Ltd. is on the upside while is Vakrangee Ltd. on the downside.

Oberoi Realty is currently trading at Rs.590.45, up by Rs.69.20 or 13.28% from its previous closing of Rs.521.25 on the NSE. The scrip opened at Rs.525.90 & has touched a high & low of Rs.592.00 and Rs.525.90 respectively. So far 23,14,914 (NSE) shares were traded on the counter. The current market cap of the company is Rs.19,673.16 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.592.00 on 23-April-2018 & a 52 week low of Rs.335.30 on 28-June-2017.

Vakrangee is currently trading at Rs.129.05, down by Rs.6.75 or 4.97% from its previous closing of Rs.135.80 on the NSE. The scrip opened at Rs.138.00 & has touched a high and low of Rs.138.80 & Rs.113.90 respectively. So far 60,96,305 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,658.56 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.515.00 on 24-January-2018 and a 52 week low of Rs.113.90 on 18-April-2018.

Share Market News 19-April-2018

Market Back On Winning Streak, Nifty Above 10,550; Metals Shine

The Benchmark indices rebounded on Thursday as Sensex rose over 100 points & Nifty above 10,550, followed a positive lead from global stocks. The equity market continued to trade higher, amid volatility as Sensex was up 80 points while Nifty traded above 10,500 levels. Nifty Metal index extended gains, was up 4% & IT also rose over 1% while OMCs was down to 5%. Nifty midcap rose.4%.

In the afternoon session, equity benchmark continued to trade mildly higher as Sensex was up 80 points while Nifty hold above 10,550, despite higher crude oil prices. Nifty Metal, FMCG & IT index led the market while OMCs & selected banks & financial copped gains. Nifty midcap also traded higher.

In last hour of trade market traded higher as Sensex rose over 50 points while Nifty above 10,550 above. The market closed higher despite crude oil prices, backed by Metal, IT & FMCG stocks led by Metal Index, was up by 4.52%. Nifty midcap index was up by 133 points. Sensex closed 95.61 points up at 34,427.29, Nifty up by 39.10 points at 10,565.30.

Top Gainers

Hindalco by 8.81% to Rs.264.20, VEDL by 6.65% to Rs.310.45, Tata Steel by 3.29% to Rs.610.40, Yes Bank by 2.89% to Rs.318.50, Bharti Airtel by 2.64% to Rs.394.40.

Top Losers

BPCL by -7.11% to Rs.376.40, HindPetro by -5.62% to Rs.3021.65, IOC by -4.09% to Rs.158.20, Titan by -2.57% to Rs.952.00, HDFC by -0.89% to Rs.1,861.00.

Analysis Of Top Gainer And Loser

Hindalco is the top gainer in today's market as aluminium prices surged 5% to highest in almost 7 years on Thursday. LME aluminium climbed as far as $2,664.50 a tonne, highest since August 2011.

BPCL is the top loser in today's market as Brent crude oil futures hit USD 74 a barrel after a decline in US crude inventories and top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.

Key Market News

India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue underperformance resulting in cuts to capital expenditures, the IMF said today. In its Fiscal Monitor report titled 'Capitalising on Good times', the IMF said that relatively buoyant revenues supported by base-broadening efforts and lower capital expenditures were offset by higher spending (including higher compensation to states for the rollout of the GST) and lower profit transfers from the Reserve Bank of India due to costs incurred during the demonetisation.

The International Monetary Fund (IMF) said that Indias combined gross debt, including that of the central and state governments, is set to decline by almost nine percentage points to 61.4% of gross domestic product (GDP) by 2023-24. What will support a gradual decline in the debt-to-GDP ratio is both a gradual reduction in overall deficit as well as continued high nominal GDP growth, said Andreas Bauer, IMF senior resident representative for India.

Stocks To Watch

Hindustan Copper Ltd. is on the upside while is BPCL on the downside.

HindCopper is currently trading at Rs.80, up by Rs.8.60 or 12.04% from its previous closing of Rs.71.40 on the NSE. The scrip opened at Rs.72.90 & has touched a high & low of Rs.82.05 and Rs.72.60 respectively. So far 2,73,96,298 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,369.36 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.110.50 on 07-November-2017 & a 52 week low of Rs.56.55 on 27-September-2017.

BPCL is currently trading at Rs.376.40, down by Rs.28.80 or 7.11% from its previous closing of Rs.405.20 on the NSE. The scrip opened at Rs.396 & has touched a high and low of Rs.397.85 & Rs.375.35 respectively. So far 1,59,39,417 (NSE) shares were traded on the counter. The current market cap of the company is Rs.81,900.14 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.551.55 on 30-October-2017 and a 52 week low of Rs.375.35 on 19-April-2018.

Share Market News 18-April-2018

Market Snapped 9 Days Winning Streak; Bank Nifty Down

The Benchmark indices opened higher on Wednesday as Sensex rose 100 points & Nifty above 10,550, followed positive from global stocks. The equity market traded near days high as rose 80 points while Nifty inched towards 10,600 levels, amid positive global cues. Among sectoral index Nifty FMCG & Media rose over 1.5% while Auto, Bank traded under pressure. Nifty midcap traded mildly higher.

In the afternoon session, equity benchmark extended gains as Sensex was up 120 points while Nifty traded near 10,600 levels on hopes of strong earnings growth. Nifty FMCG, Media & Realty index led the rally while Auto, Bank & Financial sectors were under pressure. Nifty midcap also traded higher.

In last hour of trade market erased gains as Sensex was down by 80 points while Nifty traded below 10,550 levels. The market closed lower for the first time in last 10 days, dragged by banks. Nifty FMCG & Media index was up over 1.5% while Bank & financials, Pharma traded in red. Nifty midcap index closed mildly lower. Sensex closed 63.38 points down at 34,331.68, Nifty down by 22.50 points at 10,526.20.

Top Gainers

ITC by 3.33% to Rs.276.50, Wipro by 2.90% to Rs.290.00, Ultratech Cement by 2.29% to Rs.4,007, ZEEL by 2.22% to Rs.588.25, GAIL by 2.01% to Rs.332.20.

Top Losers

HindPetro by -3.03% to Rs.320.05, Axis Bank by -2.76% to Rs.517.70, Titan by -1.98% to Rs.977,80, Lupin by -1.75% to Rs.790.95, Tech Mahindra by -1.54% to Rs.658.00.

Analysis Of Top Gainer And Loser

ITC is the top gainer in today's market as normal monsoon prediction & rural demand growth is expected to be higher, will lead to good January-March 2018 numbers.

HindPetro is the top loser in today's market as oil & marketing companies are continued to tumble ahead of OPEC meeting later this week.

Key Market News

The International Monetary Fund (IMF) has maintained its forecast for Indias economic growth at 7.4% in 2018-19, which will again make the country the fastest-growing large economy after losing this tag to China by a close margin in 2017-18. For 2019-20, the IMF has projected India to grow at 7.8%. By comparison, the Chinese economy is expected to slow down to 6.4% in 2019, down from 6.6% in 2018. India is likely to have grown 6.7% in 2017-18, the IMF said. In fact, the IMF projection for 2017-18 is a tad higher than 6.6%, pegged by the second advance estimates by the Central Statistics Office. China grew 6.9% in 2017.

India increased highway award target after handing out contracts for record length in the previous fiscal year. The Ministry of Road Transport & Highways set a target of awarding over 20K kms. length of national highways in the year through March 2019, according to its statement. Thats 25% more than the previous fiscal year. The ministry is making all-out efforts for improving and strengthening the highways network in the country, Nitin Gadkari, the minister in charge, said in the statement.

Stocks To Watch

Taj GVK Hotels & Resorts Ltd. is on the upside while is D B Realty Ltd. on the downside.

Taj GVK is currently trading at Rs.235.00, up by Rs.24.25 or 11.51% from its previous closing of Rs.210.75 on the NSE. The scrip opened at Rs.215.00 & has touched a high & low of Rs.248.00 and Rs.213.05 respectively. So far 43,08,678 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,461.57 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.248.00 on 18-April-2018 & a 52 week low of Rs.145.55 on 23-May-2017.

D B Realty is currently trading at Rs.60.40, down by Rs.4.90 or 7.50% from its previous closing of Rs.65.30 on the NSE. The scrip opened at Rs.65.50 & has touched a high and low of Rs.65.70 & Rs.59.50 respectively. So far 11,56,622 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,466.85 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.86.00 on 11-January-2018 and a 52 week low of Rs.32.15 on 11-August-2017.

Share Market News 17-April-2018

Sensex & Nifty Post Longest Winning Rally Over 3 Years

The Benchmark indices opened mildly higher on Tuesday with Sensex was up by 70 points & Nifty nearly 10,550, amid positive global cues. The equity market continued to trade with mild gains as Sensex was up 60 points while Nifty traded near 10,550 level amid consolidation. Nifty Metal, Realty & FMCG index traded higher while Auto & Pharma traded under pressure. The Nifty Midcap index continued to outperform frontliners, rose 0.4%.

In the afternoon session, equity benchmark continued to trade in a range as Sensex was up 40 points while Nifty traded below 10,550 levels, as investors await more corporate earnings. FMCG, Realty & Metal stocks traded higher while Technology, Auto & Pharma stocks traded lower while Nifty midcap traded flat.

In the last hour of trade, the market continued to trade higher as Sensex was up nearly 100 points while Nifty traded above 10,550 levels. The market managed to end near days high. Nifty FMCG & Realty index lead to rally while selected banks, Pharma, IT, traded lower. Nifty midcap index was up 26 points. Sensex closed 89.63 points up at 34,395.06, Nifty up by 20.35 points at 10,548.70.

Top Gainers

Power Grid by 2.86% to Rs.204.90, Hindustan Unilever by 2.18% to Rs.1,450.50, Titan by 2.18% to Rs.999.00, Bharti Airtel by 1.55% to Rs.382.20, ICICI Bank by 1.50% to Rs.291.90.

Top Losers

Infratel by -1.93% to Rs.333.50, Axis Bank by -1.83% to Rs.532.45, Wipro by -1.60% to Rs.285.25, Sun Pharma by -1.23% to Rs.513.00, Adani Ports by -1.03% to Rs.383.50.

Analysis Of Top Gainer And Loser

Power Grid is the top gainer in today's market as around 83% of the analysts have given a buy rating on the stock.

VEDL is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Monsoon this year is expected to be normal for the third straight year. India will receive 97% of the long-period average rainfall this year, according to the Indian Meteorological Department. We feel that India is going to experience a third successive normal monsoon, KJ Ramesh, director general of meteorology at the IMD said in a media conference. There is a very less probability of deficit monsoon.. Between 96% & 104% of the long period average is considered a normal monsoon, and the margin of error is 5%. IMD said that it will come out with its next forecast in June and release an assessment of the onset of monsoon in Kerala on May 15.

India needs to create 8.1 million jobs a year to maintain its employment rate, said a World Bank report which projected the country's growth to accelerate to 7.3% in the current financial year. More than 1.8 million young people will reach working age every month in South Asia through 2025 and the good news is that economic growth is creating jobs in the region, said Martin Rama, World Bank South Asia Region Chief Economist.

Stocks To Watch

EIH Ltd. is on the upside while is Welspun India Ltd. on the downside.

EIH is currently trading at Rs.203.00, up by Rs.31.00 or 18.02% from its previous closing of Rs.172.00 on the NSE. The scrip opened at Rs.173.65 & has touched a high & low of Rs.206.40 and Rs.171.10 respectively. So far 36,64,475 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,505.69 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.231.60 on 16-January-2018 & a 52 week low of Rs.122.80 on 17-April-2017.

Welspun India is currently trading at Rs.52.60, down by Rs.2.60 or 4.71% from its previous closing of Rs.55.20 on the NSE. The scrip opened at Rs.55.10 & has touched a high and low of Rs.55.15 & Rs.51.50 respectively. So far 25,84,821 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,274.81 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.99.70 on 03-May-2017 and a 52 week low of Rs.51.50 on 17-April-2018.

Share Market News 16-April-2018

Market Rose For 8th Day In A Row; Nifty Above 10,500 levels

The Benchmark indices opened lower with Sensex fell over 200 points & Nifty below 10,450 levels, followed the negative lead from global stocks. The equity market recouped more than half the losses but remained under pressure as Sensex was down over 80 points while Nifty traded above 10,450 levels. among sectoral indices Pharma, FMCG & Realty traded higher while IT, PSU Bank & Auto declined. Nifty midcap traded on a flat note.

In the afternoon session, equity benchmark recovered all the losses as Sensex was up over 50 points while Nifty reclaimed 10,500 levels, backed HDFC group stocks & ITC. Nifty Realty, Pharma, FMCG rose over 1% with Banks & financials also traded higher while IT & PSU bank declined. Nifty midcap was up over .50%.

In last hour of trade market remained positive as Sensex rose over 100 points & Nifty traded above 10,500 levels. The market closed in the green for 8th consecutive sessions. Nifty Realty, FMCG, Pharma rose over 1%, Financials & Pvt. bank also traded higher while IT & PSU bank declined. Nifty midcap was up .80%. Sensex closed 112.78 points up at 34,305.43, Nifty up by 47.75 points at 10,528.35.

Top Gainers

Cipla by 5.32% to Rs.585.05, Grasim by 2.90% to Rs.1,094.45, Hero Motocorp by 2.18% to Rs.3,807.00, UPL by 2.08% to Rs.762.65, NTPC by 2.05% to Rs.174.45.

Top Losers

Tata Motors by -4.78% to Rs.340.00, Infosys by -3.15% to Rs.1,134.50, Wipro by -1.65% to Rs.289.30, SBIN by -0.78% to Rs.249.00, Titan by -0.72% to Rs.980.00.

Analysis Of Top Gainer And Loser

HCL Tech is the top gainer in today's market as Rupee continued to shed to hit a fresh 5-month low due to a surge in crude oil prices & geopolitical tension. Also, Q4 earnings are expected to be on the better side.

VEDL is the top loser in today's market as companys iron ore production in Goa fell 58% to 1.5 million tonne in January-March due to lower demand for low-grade ore & closure of mining operations in the state.

Key Market News

Indias annual wholesale price index (WPI) based inflation slightly eased in March, helped by a fall in food prices, government data showed on Monday. Annual wholesale price inflation last month eased to 2.47% from a year earlier, a shade lower than a provisional 2.48% rise in February. Wholesale food prices in March fell 0.07% year-on-year, compared with a 0.07% rise a month earlier, data showed.

The Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit, said two officials aware of the development. The finance ministry has made a case for providing some relief, especially for small and medium enterprises, given that the tighter rules could force defaulters into rapid bankruptcy, which could dent jobs generation, they said. The one-day, non-performing asset (NPA) classification norm may be extended to 30 days and the requirement that a resolution plan has to be approved by all lenders could be lowered to 75%, they said. This will mean that only if any amount is due for more than 30 days will it be considered a default.

Stocks To Watch

Indiabulls Venture Ltd. is on the upside while is Bhansali Engineering Polymers Ltd. on the downside.

IBV is currently trading at Rs.380.80, up by Rs.63.45 or 19.99% from its previous closing of Rs.317.35 on the NSE. The scrip opened at Rs.313.50 & has touched a high & low of Rs.380.80 and Rs.310.00 respectively. So far 2,53,36,342 (NSE) shares were traded on the counter. The current market cap of the company is Rs.16,828.55 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.380.80 on 16-April-2018 & a 52 week low of Rs.83.00 on 13-April-2017.

BEPL is currently trading at Rs.193.05, down by Rs.13.65 or 6.60% from its previous closing of Rs.206.70 on the NSE. The scrip opened at Rs.195.00 & has touched a high and low of Rs.203.90 & Rs.188.20 respectively. So far 34,34,396 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,214.42 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.224.50 on 10-April-2018 and a 52 week low of Rs.35.35 on 05-May-2017.

Share Market News 12-April-2018

Market Post Longest Winning Streak In 3-Months; Nifty Above 10,450

The Benchmark indices opened flat on Thursday with Sensex up 20 points & Nifty above 10,400, amid weak global cues & spike in crude oil prices. The equity market continued to trade mildly higher as Sensex hovered around 34K while Nifty well above 10,400, amid volatility ahead of macro data due later in the day. Nifty IT index rose nearly 3% while metals, PSU banks and pharma were under pressure. Nifty midcap traded on a muted note.

In the afternoon session, equity benchmark extended gain as Sensex rose 200 points while Nifty firmly traded above 10,450 levels. IT stocks led the rally as Nifty IT index was up 3% while Nifty Metal & PSU Bank, Pharma, Realty index down over 1%. Broader markets continued to underperform the frontliners.

In last hour of trade, equity market continued to trade higher as Sensex rose 160 points while Nifty traded above 10,450. The market ended higher for 6th straight sessions. Nifty Metals, PSU banks, realty and pharma index fell over 1% while Nifty IT index was up 3.21%. Nifty midcap was down .31%. Sensex closed 160.69 points up at 34,101.13, Nifty up by 41.50 points at 10,458.65.

Top Gainers

HCL Tech by 4.10% to Rs.1,007.00, TCS by 4.04% to Rs.3,136.00, Infosys by 3.54% to Rs.1,164.05, Tech Mahindra by 3.03% to Rs.652.55, Axis bank by 1.17% to Rs.546.10.

Top Losers

VEDL by -2.39% to Rs.289.70, Lupin by -2.11% to Rs.773.00, Dr. Reddy by -1.94% to Rs.2,060.00, Tata Steel by -1.59% to Rs.598.40, Sun Pharma by -1.56% to Rs.513.30.

Analysis Of Top Gainer And Loser

HCL Tech is the top gainer in today's market as Rupee continued to shed to hit the fresh 5-month low due to a surge in crude oil prices & geopolitical tension. Also, Q4 earnings are expected to be on the better side.

VEDL is the top loser in today's market as companys iron ore production in Goa fell 58% to 1.5 million tonnes in January-March due to lower demand for low-grade ore & closure of mining operations in the state.

Key Market News

The US. Consumer Price Index slipped 0.1% last month, the first and largest drop since May 2017, after climbing 0.2% in February, the Labor Department said. In the 12 months through March, the CPI increased 2.4%. That was the largest annual gain in a year and followed February's 2.2% increase. Annual inflation is rising as the big price declines from last year drop from the calculation. Excluding the volatile food and energy components, the CPI climbed 0.2%, matching February's increase. The so-called core CPI rose 2.1% year-on-year in March, the largest advance since February 2017, after increasing 1.8% in February.

The pick-up in economic growth in India is positive for asset-backed securities (ABS), as it supports the ability of borrowers to earn income and repay their loans, Moody's Investors Service said today. Moody's expects that the Indian economy to grow at 7.6% in 2018 compared to 6.2% in 2017.

Stocks To Watch

Dish TV India Ltd. is on the upside while is Dhampur Sugar Mills Ltd. on the downside.

Dish TV is currently trading at Rs.80.25, up by Rs.6.30 or 8.52% from its previous closing of Rs.73.95 on the NSE. The scrip opened at Rs.75.50 & has touched a high & low of Rs.82.35 and Rs.74.70 respectively. So far 3,90,28,071 (NSE) shares were traded on the counter. The current market cap of the company is Rs.14,693.07 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.103.50 on 11-April-2017 & a 52 week low of Rs.63.70 on 06-March-2018.

Dhampur Sugar is currently trading at Rs.123.60, down by Rs.12.25 or 9.02% from its previous closing of Rs.135.85 on the NSE. The scrip opened at Rs.137.40 & has touched a high and low of Rs.137.40 & Rs.122.60 respectively. So far 10,64,016 (NSE) shares were traded on the counter. The current market cap of the company is Rs.821.21 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.330.50 on 01-November-2017 and a 52 week low of Rs.122.60 on 12-April-2018.

Share Market News 11-April-2018

Sensex & Nifty At 1-Month High After 5th Consecutive Days Gains

The Benchmark indices extended gain in the opening on Wednesday as Sensex was up 60 points & Nifty traded above 10,400, amid positive from Wall Street. The equity market erased gains & traded lower as Sensex was down over 50 points while Nifty fell below 10,400, amid investors look for corporate earnings, macro data. PSU Banks were the biggest losers among sectoral indices as they fell 2% while IT and Metal indices gained 1% each. Nifty midcap also traded in the red.

In the afternoon session, equity benchmark traded higher as Sensex rose 40 points while Nifty above 10,400 levels as crude oil price eased. Nifty PSU Bank fell 2% while Nifty Metal & IT was up 1%. Nifty midcap traded mildly lower.

In last hour of trade, equity market continued to consolidate as Sensex was up 50 points & Nifty traded above 10,400. The market closed higher for the 5th consecutive session. Nifty Metal, IT & Auto among the top gainers while PSU Bank fell over 2% among the sectoral indices. Sensex closed 60.19 points up at 33,940.44, Nifty up by 14.90 points at 10,417.15.

Top Gainers

VEDL by 4.59% to Rs.279.15, TCS by 2.46% to Rs.3,010, Sun Pharma by 2.31% to Rs.520.00, HCL Tech by 2.20% to Rs.969.35, Eicher Motors by 2.19% to Rs.30,629.85.

Top Losers

BPCL by -7.92% to Rs.415.40, HindPetro by -7.88% to Rs.335.90, IOC by -6.72% to Rs.167.25, Adani Ports by -2.39% to Rs.378.00, SBIN by -2.24% to Rs.257.40.

Analysis Of Top Gainer And Loser

VEDL is the top gainer in today's market after aluminium prices rose in international markets after buyers stopped buying aluminium from the world's largest manufacturer Rusal following sanctions imposed by the U.S.

BPCL is the top loser in today's market after a report by Bloomberg quoting sources said the government has asked the companies to absorb up to Rs.1/litre rise in fuel prices. Also as Brent crude oil prices held above $70/barrel.

Key Market News

India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform, the Asian Development Bank (ADB) said today. In its Asian Development Outlook, 2018, Manila-based ADB said the growth will pick up as the new tax regime improves productivity and as banking reform and corporate deleveraging take hold to reverse a downtrend in investment.

The Singapore Exchange on Wednesday said it would list Indian equity derivative products in June, nearly two months after India's three main bourses announced they would stop licensing their indexes to overseas exchanges.

Indian retail inflation was expected to have eased to a five-month low in March as rises in food prices slowed once again but remained above the central bank's medium-term target, a Reuters poll found. Annual consumer price inflation was expected to have softened to 4.20 percent in March from February's 4.44 percent, according to a poll of 35 economists taken between April 4-10.

Stocks To Watch

IRB Infra. Developers Ltd. is on the upside while is BPCL on the downside.

IRB Infra is currently trading at Rs.279.70, up by Rs.24.75 or 9.71% from its previous closing of Rs.254.95 on the NSE. The scrip opened at Rs.257.05 & has touched a high & low of Rs.282.40 and Rs.253.70 respectively. So far 1,55,73,017 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,847.63 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.282.40 on 11-April-2018 & a 52 week low of Rs.193.50 on 13-December-2017.

BPCL is currently trading at Rs.415.40, down by Rs.37.75 or 7.92% from its previous closing of Rs.451.15 on the NSE. The scrip opened at Rs.446.95 & has touched a high and low of Rs.451.00 & Rs.415.10 respectively. So far 1,84,88,413 (NSE) shares were traded on the counter. The current market cap of the company is Rs.90,566.30 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.551.55 on 30-October-2017 and a 52 week low of Rs.399.33 on 27-June-2017.

Share Market News 10-April-2018

Global Cues Lift Market For 4th Day; Nifty Above 10,400

The Benchmark indices opened higher on Tuesday with Sensex was up over 100 points & Nifty above 10,400 on positive global cues as China comments on free trade. The equity market continued to trade higher but off days high as Sensex was up 80 points while Nifty hovered around 10,400 levels as investors digested China comment & looking for March quarter earnings. Nifty Metal was the biggest gainer in sectoral indices while Nifty midcap was down by 40 points.

In the afternoon session, equity benchmark continued to trade higher amid volatility as Sensex rose over 120 points while Nifty traded above 10,400, driven by Axis Bank & ICICI bank, Nifty Metal & Realty indices while Nifty Auto & Pharma traded in the red. Nifty midcap was up by 60 points.

In last hour of trade, equity market remained positive as Sensex was up by 100 points & Nifty traded above 10,400. The market closed higher for the 4th consecutive session, led by Axis Bank, ICICI Bank, Nifty Metal & Realty while Nifty Auto & Pharma remained in the red. Nifty midcap was up 50 points. Sensex closed 91.71 points up at 33,880.25, Nifty up by 22.90 points at 10,402.25.

Top Gainers

Axis Bank by 5.43% to Rs.547.50, Hindalco by 3.91% to Rs.230.00, Tata Steel by 2.94% to Rs.603.40, ICICI Bank by 2.80% to Rs.288.70, Adani Ports by 2.73% to Rs.387.65.

Top Losers

Bajaj Finserv by -2.45% to Rs.5,425, Hero Motocorp by -2.02% to Rs.3,722, IBULHSGFIN by -1.62% to Rs.1,324, Tata Motors by -1.35% to Rs.353.45, Bajaj Finance by -1.29% to Rs.1,922.

Analysis Of Top Gainer And Loser

Axis Bank is the top gainer in today's market after its MD and CEO Shikha Sharma wanted her new term to be reduced to 7 months from 3-year tenure that has been approved by the bank's board. The sudden move comes after growing concern about Axis Banks exposure to the countrys growing problem of non-performing corporate loans.

Bajaj Finserv is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing, in a speech that also warned against returning to a Cold War mentality amid trade disputes with US counterpart Donald Trump. Xi pledged a new phase of opening up in his keynote address Tuesday to the Boao Forum for Asia, Chinas answer to Davos. While the speech offered little new policy, Xi affirmed or expanded on proposals to increase imports, lower foreign-ownership limits on manufacturing and expand protection to intellectual propertyall central issues in Trumps trade gripes.

Axis Bank board approved request to cut managing director and chief executive officer Shikha Sharmas term. She will leave now on 31 December. Sharmas fourth term as MD and CEO, which was granted last year, was originally set to end in June 2021.

Stocks To Watch

Ramco Systems Ltd. is on the upside while is Trent Ltd. on the downside.

Ramco Systems is currently trading at Rs.477.50, up by Rs.69.50 or 17.03% from its previous closing of Rs.408 on the NSE. The scrip opened at Rs.415 & has touched a high & low of Rs.489.60 and Rs.415 respectively. So far 15,19,787 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,469.24 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.572.40 on 11-January-2018 & a 52 week low of Rs.312.05 on 15-June-2017.

Trent Ltd. is currently trading at Rs.352.90, down by Rs.14.50 or 3.95% from its previous closing of Rs.367.40 on the NSE. The scrip opened at Rs.369 & has touched a high and low of Rs.370.15 & Rs.350.05 respectively. So far 1,70,291 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,744.07 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.376.40 on 06-April-2018 and a 52 week low of Rs.227.40 on 30-June-2017.

Share Market News 09-April-2018

Market Up For 3rd Day, Nifty Above 10,350; Banks Lead

The Benchmark indices opened mildly higher on Monday as Sensex rose 20 points & Nifty above 10,300, tracked a positive lead from Asian Stocks. The equity market continued to trade higher with Sensex rose over 100 points while Nifty inched toward 10,400, driven by HDFC twin, RIL & ITC. All sectoral indices traded in green except IT while Nifty midcap underperformed frontliners, was up .25%.

In the afternoon session, equity benchmark continued to trade higher as Sensex was up over 150 points while Nifty rose 50 points, driven by banks (barring ICICI Bank), Oil & FMCG stocks. Nifty IT & Pharma continued to trade in red while Nifty midcap continued to underperform frontliners, as it was up .3%.

In last hour of trade, equity market remained strong as Sensex was up by 170 points while Nifty traded well above 10,350. The market closed higher on positive global cues as trade war tensions eased. Banking, Financials & FMCG indices led rally while IT & Pharma indices traded in the red. Broader market underperformed frontline stocks as Nifty midcap was up only 75 points. Sensex closed 161.57 points up at 33,788.54, Nifty up by 47.75 points at 10,379.35.

Top Gainers

BPCL by 3.78% to Rs.450.35, Axis Bank by 3.44% to Rs.517.40, HindPetro by 3.40% to Rs.366.00, Hindalco by 3.27% to Rs.221.00, IOC by 3.16% to Rs.179.75.

Top Losers

ZEEL by -2.14% to Rs.572.00, Lupin by -1.80% to Rs.794.50, Tata Motors by -1.61 to Rs.358.25, Infosys by -1.38 to Rs.1,111.45, Bharti Airtel by -1.29 to Rs.380.00.

Analysis Of Top Gainer And Loser

HPCL is the top gainer in today's market as crude oil posted its biggest weekly decline since February. Also, the company received the environment clearance for setting up of a new LPG plant with bottling and storage facilities in East Champaran, Bihar that will entail an investment of Rs.136.4 crore.

ZEEL is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Fearing a surge in bad loans and provisions, Indias bankers are seeking relief from a tough set of stressed asset rules put out by the banking regulator in February. In recommendations made to the Reserve Bank of India (RBI) and the Government, the Indian Banks' Association (IBA) has asked that parts of the existing debt resolution framework be retained and the definition of default be eased, said bankers familiar with the matter. Bad loans across listed banks are expected to rise to Rs.9.25-9.5 lakh crore at the end of the fourth quarter compared to Rs.8.8 lakh crore at the end of the December quarter, partly due to the new rules.

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs.10.63 billion for sale. Both the banks said they will conduct the e-auction on 20th of this month. SBI has put up a total of 12 accounts with total outstanding of Rs.8.48 billion for sale. The second largest public sector lender PNB will offer three NPA accounts with total outstanding of Rs.2.14 billion for sale to ARCs/NBFCs/banks or other financial institutions.

Stocks To Watch

Take Solutions Ltd. is on the upside while is Just Dial Ltd. on the downside.

Take Solutions is currently trading at Rs.194.90, up by Rs.19.90 or 11.37% from its previous closing of Rs.175 on the NSE. The scrip opened at Rs.175.85 & has touched a high & low of Rs.201.45 and Rs.172.55 respectively. So far 32,25,777 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,585.46 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.201.45 on 09-April-2018 & a 52 week low of Rs.118.20 on 26-May-2017.

Just Dial is currently trading at Rs.448, down by Rs.16.05 or 3.46% from its previous closing of Rs.464.05 on the NSE. The scrip opened at Rs.464 & has touched a high and low of Rs.469.50 & Rs.442.35 respectively. So far 29,10,422 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,110.93 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.647 on 16-January-2018 and a 52 week low of Rs.327.55 on 11-August-2017.

Share Market News 05-April-2018

Nifty Post Best One-Day Gains In Two Years On RBI Outlook

The Benchmark indices bounced back sharply on Thursday with Sensex rose over 350 points & Nifty started above 10,250, amid positive global lead & ahead of RBI monetary policy outcome. The equity market rallied further as Sensex surged over 450 points while Nifty traded above 10,250, on positive global cues. All sectoral indices traded in green led by Metal, Bank & Financials, Auto & Realty, was up by 1-3% while Nifty midcap index also rallied 1.5%.

In afternoon session bulls took charge in D-Street as Sensex was up more than 450 points & Nifty inched towards 10,300 levels, followed positive lead from global stocks on ease of trade war. All sectoral indices were in the green ahead of the outcome of RBI MPC. meeting while Nifty midcap also rallied over 1.5%.

In last hour of trade market rallied further as Sensex surged 600 points while Nifty rose nearly 2% to trade over 10,300 levels. The market closed sharply higher after RBI raised growth outlook for 2018-19 while keeping rates unchanged and maintaining a neutral stance. All sectoral indices ended in the green, with PSU Bank index rose 5%, Metal 4% while Nifty Bank, Realty and Financial Services indices rallied over 2%. Nifty midcap index was up 2%. Sensex closed 577.73 points up at 33,596.80, Nifty up by 196.75 points at 10,325.15.

Top Gainers

Hindalco by 6.52% to Rs.213.90, VEDL by 5.56% to Rs.289.55, SBIN by 5.46% to Rs.260.80, Bajaj Finserv by 5.19% to Rs.5,500, IBULHSGFIN by 4.50% to Rs.1,349.90.

Top Losers

Cipla by -1.72% to Rs.560.00, Bharti Airtel by -0.27% to Rs.394.00.

Analysis Of Top Gainer And Loser

Hindalco is the top gainer in today's market as aluminium prices are likely near a floor as low margins/losses at Chinese smelters should re-balance supply, Novelis should be unaffected by US tariffs, and strong free cash flow offers option to pursue growth opportunities & many covering stock with a buy call.

Cipla is the top loser in today's market after Media reports suggest that Ciplas Indore facility is being audited by USFDA.

Key Market News

The Reserve Bank of India expectedly kept repo rate unchanged at 6% but cut inflation forecast. Some of major highlights of policy:-

The Reserve Bank of India maintains repo rate at 6%, Reverse Repo Rate under LAF remains at 5.75% and the MSF rate and the Bank Rate at 6.25%.

RBI says monetary policy stance 'neutral'.

Inflation expected at 5.1% in Q1 FY19, moderating to 4.7% in Q2 and 4.4% in Q3 & Q4 including the HRA impact, with risks tilted to the upside.

GDP growth is projected to strengthen from 6.6% in 2017-18 to 7.4% in 2018-19 with risk evenly balanced.

Crude oil price seen at $68 per barrel in FY19.

Following a modest contraction in February, Indian service activity stabilised in March, underpinned by greater inflows of new work. The seasonally adjusted Nikkei India Services Business Activity Index rose from 47.8 in February to 50.3. Subsequently, output charge inflation eased to the weakest in 2018 so far, Nikkei IHS Markit said.

Stocks To Watch

VIP Industries Ltd. is on the upside while Graphite India Ltd. is on the downside.

VIP Industries is currently trading at Rs.369.80, up by Rs.51.90 or 16.33% from its previous closing of Rs.317.90 on the NSE. The scrip opened at Rs.320 & has touched a high & low of Rs.381.45 and Rs.320 respectively. So far 12,09,540 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,250.64 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.393.95 on 12-January-2018 & a 52 week low of Rs.171.05 on 31-July-2017.

Graphite India is currently trading at Rs.699, down by Rs.22.75 or 3.15% from its previous closing of Rs.721.75 on the NSE. The scrip opened at Rs.700 & has touched a high and low of Rs.720 & Rs.686.10 respectively. So far 41,89,200 (NSE) shares were traded on the counter. The current market cap of the company is Rs.13,648.94 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.906 on 04-January-2018 and a 52 week low of Rs.102.50 on 19-May-2017.

Share Market News 04-April-2018

Sensex & Nifty Cracked Over 1% Amid US-China Tariff War

The Benchmark indices opened mildly higher on Wednesday with Sensex was up over 50 points & Nifty above 10,250 levels. The equity market gained strength amid volatility as Sensex gained over 100 points while Nifty inched towards 10,300. The broader markets extended gains, with Nifty Midcap index rose 0.8%. Auto, realty index led the rally, was up almost 2% while IT index traded in the red.

In the afternoon session, the market fell sharply as Sensex lost over 300 points while Nifty traded below 10,150 levels after China unveiled new retaliation plan for US tariffs. Barring Nifty Auto all sectoral indices turned negative led by Nifty Bank, Metal, IT & Financials while Nifty midcap & smallcap also fell over 1%.

In last hour of trade, equity benchmark extended loses as Sensex fell nearly 400 points while Nifty traded below 10,150. The market closed sharply lower, weighed by US-China trade war concerns. Barring Nifty Auto all sectoral indices traded in red led by Metal, Bank & financials, IT. The nifty midcap index also fell over 1%. Sensex closed 351.56 points down at 33,019.07, Nifty up by 116.60 points at 10,128.40.

Top Gainers

Tata Motors by 3.41% to Rs.354.80, Eicher Motors by 3.25% to Rs.28,900, HUL by 0.71% to Rs.1,358, Bajaj Finance by 0.70% to Rs.1,847, Adani Ports by 0.44% to Rs.368.00.

Top Losers

UPL by -4.13% to Rs.734.00, VEDL by -3.99% to Rs.271.90, Tata Steel by -3.55% to Rs.559.10, Hindalco by -3.44% to Rs.200.80, Titan by -3.17% to Rs.902.45.

Analysis Of Top Gainer And Loser

Tata Motors is the top gainer in today's market after JLR (Jaguar Land Rovers) March US sales increased 10.2% to 14,232 units compared to 12,918 units sold last year.

UPL is the top loser in today's market as selling pressure was seen in the stock.

Key Market News

Skymet has released its Monsoon forecast for 2018 and expects the upcoming monsoon to be normal and has forecast 100 percent (with an error margin of +/- 5%) of the long period average (LPA) of 887 mm for the four-month period from June to September. In terms of geographical risk, Skymet expects that Peninsular India along with a major portion of Northeast India is likely to be at a higher risk of being rain deficient throughout the season (JJAS).

China has announced new tariffs on 106 US products, which include soybeans, cars and whisky. The world's second-largest economy has set net tariff rate of additional 25% on US products, which include soybeans, corn, auto, chemical products. China will announce the effective date for new US tariffs at a later time. New tariffs on US products include corn, other agri products, plastic products, cotton, orange juice, wheat, sorghum products, tobacco etc.

The RBI is unlikely to yield to the India Inc's pressure for a benign monetary policy stance by keeping policy rates unchanged in its first monetary policy review of 2018-19 to be announced on Thursday against the backdrop of hardening global crude oil prices, PTI reported. The two-day meet has started today.

Stocks To Watch

Reliance Power Ltd. is on the upside while HEG Ltd. is on the downside.

Reliance Power is currently trading at Rs.42.10, up by Rs.4.05 or 10.64% from its previous closing of Rs.38.05 on the NSE. The scrip opened at Rs.38.15 & has touched a high & low of Rs.43.90 and Rs.38.10 respectively. So far 4,19,38,075 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,893.74 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.65.20 on 02-January-2018 & a 52 week low of Rs.34.60 on 15-November-2017.

HEG Ltd. is currently trading at Rs.2,883, down by Rs.308.45 or 9.66% from its previous closing of Rs.3,191.45 on the NSE. The scrip opened at Rs.3,214 & has touched a high and low of Rs.3,240 & Rs.2,753 respectively. So far 18,41,209 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,603.34 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.3,515 on 19-March-2018 and a 52 week low of Rs.220.10 on 03-April-2017.

Share Market News 03-April-2018

Sensex Up 115 Points, Nifty Near 10,250; Banks Lead The Way

The Benchmark indices began the day on a flat note as Sensex was up 20 points & Nifty was trading above 10,200. The equity market turned negative to trade lower with Sensex was down over 50 points while Nifty traded below 10,200 levels. Banking, financial stocks were trading in green while IT, metal stocks remained under pressure. Nifty midcap also traded.

In the afternoon session, the market continued to trade mildly lower as Sensex was down by 30 points while Nifty traded just below 10,200, amid weak global cues. Banking & financials, Auto stocks held the market while IT & FMCG stocks were in under pressure. Nifty midcap outperformed the market, was up around half a percent.

In last hour of trade, equity benchmark traded in a positive zone as Sensex was up nearly 100 points while Nifty traded well above 10,200. The market ended on higher note as intense buying was seen in the market. Banking & Financial, Auto stocks led the rally but IT & FMCG stocks remained under pressure while Nifty midcap was up nearly 1%. Sensex closed 115.27 points up at 33,370.63, Nifty up by 33.20 points at 10,211.00.

Top Gainers

IBULHSGFIN by 4.59% to Rs.1,301, ICICI Bank by 3.19% to Rs.270.20, M&M by 2.93% to Rs.770.00, Bajaj Finserv by 2.78% to Rs.5,414, HindPetro by 2.53% to Rs.353.20.

Top Losers

Tech Mahindra by -3.80% to Rs.615.95, Wipro by -1.86% to Rs.284.25, Hindalco by -1.61% to Rs.207.85, TITAN by -1.57% to Rs.929.25, ONGC by -1.47% to Rs.177.30.

Analysis Of Top Gainer And Loser

Indiabulls Housing Finance is the top gainer in today's market as good buying was seen in the stock.

Tech Mahindra is the top loser in today's market as selling pressure was seen in the stock due to fresh rise on account of Rupee against Dollar.

Key Market News

The Nikkei India Manufacturing Purchasing Managers Index rose to 51.0 in March compared to 52.1 in February, according to a statement by IHS Markit, which compiles the index. A reading below 50 indicates contraction and a number above it signals expansion. Growth was reported across all three broad market groups, led by consumption goods.

Indias Core sector output grew 5.3% year on year in February on the back of steep rise in cement and fertilisers production, but could not match the previous months growth rate of 6.1%. Official data released by the commerce and industry ministry on Monday showed a 22.9% rise in cement output and 5.3% increase in fertiliser production in February compared with a 19.6% rise and 1.6% decline, respectively, in January.

According to the RBI circular on Monday, banks can spread provisioning for mark-to-market (MTM) losses incurred during December 2017 and March 2018 equally over up to four quarters.

Stocks To Watch

Delta Corp Ltd. is on the upside while Tech Mahindra Ltd. is on the downside.

Delta Corp is currently trading at Rs.276.35, up by Rs.33.40 or 13.75% from its previous closing of Rs.242.95 on the NSE. The scrip opened at Rs.239.90 & has touched a high & low of Rs.279.50 and Rs.239 respectively. So far 1,80,98,947 (NSE) shares were traded on the counter. The current market cap of the company is Rs.7,389.51 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.401.60 on 23-January-2018 & a 52 week low of Rs.139 on 23-May-2017.

Tech Mahindra is currently trading at Rs.615.95, down by Rs.24.35 or 3.80% from its previous closing of Rs.640.30 on the NSE. The scrip opened at Rs.636.50 & has touched a high and low of Rs.638 & Rs.613.50 respectively. So far 38,51,192 (NSE) shares were traded on the counter. The current market cap of the company is Rs.60,400.59 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.651.95 on 15-March-2018 and a 52 week low of Rs.356.65 on 29-May-2017.

Share Market News 02-April-2018

FY18-19 Started On Positive Note; Nifty Above 10,200

The Benchmark indices opened the FY19 on a positive note as Sensex was up over 100 points & Nifty opened above 10,150 levels. The equity market extended morning gains as Sensex rose over 150 points while Nifty traded above 10,150, backed by Nifty Auto, Pharma, IT & Infra stocks. Nifty midcap outperformed frontliners as it was up over half a percent.

In the afternoon session, a pullback in financials pushed market higher as Sensex surged over 200 points & Nifty traded well above 10,150 levels. Among sectors, pharma, auto, IT and infra led the gains on D-Street, while Nifty PSU bank was the only index in the red zone. The Nifty midcap index was up by 1%.

In last hour of trade, equity benchmark extended gain as Sensex surged nearly 300 points while Nifty crossed 10,200 levels. The market ended the first session of FY19 on a strong note. All sectoral indices closed in green barring PSU bank. Nifty Auto, Pharma, IT & Infra pushed the rally while Nifty midcap surged 1..40%. Sensex closed 286.68 points up at 33,255.36, Nifty up by 98.10 points at 10,211.80.

Top Gainers

Cipla by 5.97% to Rs.578, Lupin by 5.86% to Rs.779, Kotak Bank by 4.50% to Rs.1,092, Adani Ports by 4.49% to Rs.370, Tata Motors by 4.15% to Rs.340.40.

Top Losers

ICICI Bank by -5.73% to Rs.262.40, IOC by -3.48% to Rs.170.45, Axis Bank by -2.19% to Rs.499.30, SBIN by -1.56% to Rs.246.00, Coal India by -1.31% to Rs.279.60.

Analysis Of Top Gainer And Loser

Cipla is the top gainer in today's market as strong buying was seen in the stock as most of the research firm are positive about the future prospect of pharma companies.

ICICI Bank is the top loser in today's market as CBI has registered a preliminary enquiry against Deepak Kochhar, husband of ICICI Bank managing director and chief executive officer Chanda Kochhar and Venugopal Dhoot, chairman of Videocon group, to verify the Rs.40,000 crore loan to the company, Mint reported on Saturday.

Key Market News

Nationwide e-way bill system for inter-state movement of goods has been rolled out on Sunday, with GSTN officials saying that the platform is working smoothly. From Sunday, businesses and transporters have to produce e-way bill before a GST(Goods & Service Tax) inspector for moving goods worth over Rs.50,000 from one state to another. Over 1.71 lakh inter-state e-way bill were generated on the day of nationwide launch.

In other news, more Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA. The default rate for Indian companies rose to 3.4 percent in the fiscal year ended March from 2.6 percent in the previous year, ICRA, the subsidiary of global rating agency Moody's Investors Service, said in a report published on Monday.

Stocks To Watch

Navkar Corporation Ltd. is on the upside while Can Fin Homes Ltd. is on the downside.

Navkar Corp is currently trading at Rs.170.30, up by Rs.19.50 or 12.93% from its previous closing of Rs.150.80 on the NSE. The scrip opened at Rs.162.25 & has touched a high & low of Rs.177 and Rs.156.55 respectively. So far 38,76,034 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,573.88 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.247 on 12-May-2017 & a 52 week low of Rs.146.70 on 23-March-2018.

CanFin Home is currently trading at Rs.428.95, down by Rs.55.55 or 11.47% from its previous closing of Rs.484.50 on the NSE. The scrip opened at Rs.462 & has touched a high and low of Rs.464 & Rs.421.25 respectively. So far 71,94,670 (NSE) shares were traded on the counter. The current market cap of the company is Rs.5,741.61 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.666 on 22-June-2017 and a 52 week low of Rs.402.50 on 05-February-2018.

 

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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