Bulls Say “Apna Time Aagaya”, It’s Time For Election Rally…

weekly share market news and updates

Our Analysis

This week the benchmark Indices have witnessed a decent upmove After the Pakistan PM has shown the 'gesture of peace' by safely returning IAF pilot wing Commander Abhinandan Vardhaman. The outshiners in this week was the Mid-cap & Small- Cap as they moved in the top gear and dominated the D-street. Further, adding optimism on the D-Street was the rally in the rupee, driven by a decline in the prices of the crude oil. Also, The consistent FII buying into Indian equities in the past two weeks has also had a salutary impact on the Indian rupee.

The upmove over the last few session in the benchmark indices was exhausted, there are certain possibilities that the indices may face some consolidation at the higher levels in the near term. Domestically, on the macro front, all focus will be on the key data like IIP, CPI, WPI and India's current account deficit. On the global front, the development in the US-China trade, progress on Brexit will be closely watched. Since the broader indices have outperformed the frontline indices we recommend to stick with the quality and fundamental sound companies instead of chasing down the momentum blindly.

This Weeks Market Highlights:

Benchmark Indices:

1) On Tuesday, Indian equity benchmarks closed strong on the first day of the week as on Monday the market was closed. The Sensex grew by 378.73 points at 36442.54, while Nifty was up 124.00 points at 10987.50.

2) Among Sector compiled by NSE advanced, led by the Nifty Auto Index 3.13 percent gain. While, the NSE Nifty IT Index was the only sectoral loser, down 1.16 percent.

3) On Wednesday, Indian equity benchmarks ended higher for the third consecutive day with Nifty closed above 11,050. The Sensex grew by 193.56 points at 36636.10, while Nifty up by 65.50 points at 11053

4) Among Sector compiled by NSE advanced, led by the Nifty Pharma Index 1.1 percent rally. While, the Nifty Media Index was the top sectoral loser, down 1.3 percent.

5) On Thursday, Indian equity benchmark ended higher for the fourth consecutive trading session, Nifty finished around 11,050 level.

6) The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. Among Sector compiled by NSE fell, led by the NSE Nifty Media Indexs 1.85 percent fall. While, the NSE Nifty PSU Bank Index was the top sectoral gainer, up 1.4 percent.

7) On Friday, Indian equity benchmarks opened lower.

Broader Index & Global Market:

- Globally, The rally in the US market has lost some steam, As the OECD has again cut its global growth rate for 2019 as well as the US trade deficit jumped to the 10 Yr high, Meanwhile china set the economic growth target for 2019 in the range of 6 - 6.5 %.

- - In the broader market, The Mid-cap and Small-cap has outperformed the benchmark indices, On Tuesday's we have witnessed a selected buying in the broader market, the NSE MidCap Index was up by 2.37 percent and the NSE SmallCap Index grew by 3.94 percent. Going forward we can expect the smart money can flow in specified Mid & Small Cap, So as an investor we should be aware and utilize this opportunity as maximum as possible.

Movers & Shakers

Shares of the Repco home finance surged more than 22 percent in a week after HDFC Mutual Fund (MF) bought 2 percentage stake in the housing finance company through the open market. 1.25 million equity shares, representing 2.01 percent stake was acquired by HDFC MF, in Repco Home Finance through various schemes. The total value of acquisition will be Rs 42 crore (approx).

Key Market Drivers

  • US President Donald Trump, aforementioned that he can finish India's advantageous trade treaty beneatha program that permits $5.6 billion value of Indian exports to enter the United States duty-free.
  • The china's Caixin/Markit services purchasing managers index (PMI) fell to 51.1, the lowest since October and down sharply from Januarys 53.6
  • India's coffee exports rose 13.26% YoY to 48330 tonnes in January-February 2019. Out of the total, Robusta coffee exports increased by 28.42% to 34090 tonnes whereas Arabica coffee exports increased by 14.39% to 11156 tonnes
  • The Nikkei India Services Business Activity Index rose to 52.5 last month from 52.2 in January.
  • The unemployment rate in India rose to 7.2 percent in February 2019, up from 5.9 percent in February 2018.According to the report of CMIE.
  • U.K. Services Purchasing Managers Index (PMI) reported 51.3.
  • US trade deficit surges to a 10-year high in 2018 at $621 bn.
  • Direct tax revenue totaled Rs 8.4 lakh cr so far this FY, CNBC-TV18 reported citing government officials. The collection is expected to fall Rs 60,000-70,000 cr short of FY revised direct tax revenue aim.
  • Direct tax revenue totaled Rs 8.4 lakh cr so far this FY, CNBC-TV18 reported citing government officials. The collection is expected to fall Rs 60,000-70,000 cr short of FY revised direct tax revenue aim.
  • US FDA Chief's exit could impact Indian pharma into uncertainty on what would be the stance of the next commissioner on generics drug pricing, the pace of approvals and regulatory inspections.

Event Watch

    International:

  • Chinas Trade balance
  • Uk trade balance
  • BOJ policy balance rate
  • Japan GDP
  • Domestic:

  • Indian CPI YoY
  • India Industrial production
  • India trade balance

Stocks To Watch

AXISBANK, ICICIBANK On Upside while INFY on Downside.

Share Market News 07-March-2019

Nifty ends flat, Sensex up 89 points; PSU banking stocks shine.

Indian equity benchmarks edged higher in early trade, with Nifty trading above 11,050 level. The Sensex was up 45.83 points at 36681.93, while Nifty was up 4.40 points at 11057.40. Among Sector metal index was under pressure with 1 percent cut, followed by auto, pharma and PSU Bank, while some buying was seen in the energy, infra, FMCG and IT. The Indian rupee opened higher against the U.S. dollar. The home currency strengthened past 70 against the greenback for the first time since January.

In the afternoon session, the Indian equity benchmark was trading lower. The Sensex was up by 16.25 points or 0.04% at 36652.35 and the Nifty was down by 11.50 points or 0.10% at 11041.50. Among sector FMCG, Infra, PSU bank were trading in green. While Media, Metal & IT were trading in Red. In a Broder Market, NSE mid-cap was down by 0.14% and smallcap indices were trading lower by 0.36%, respectively.

In the last hour of trade, Indian equity benchmarks Indices was trading at day high, Nifty was at 11,070 level. Indian equity benchmark ended higher for the fourth consecutive trading session, Nifty finished around 11,050 level. The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. Among Sector compiled by NSE fell, led by the NSE Nifty Media Indexs 1.85 percent fall. While, the NSE Nifty PSU Bank Index was the top sectoral gainer, up 1.4 percent. In the broader Market, the NSE MidCap Index was down by 0.30 percent and the NSE SmallCap Index decline by 0.34 percent. With no major event on the local front, we believe global cues will continue to dictate market trend. Though the recent rise in benchmark combined with a recovery in broader markets has eased some pressure, we're not completely out of woods yet. Banking looks strongest amongst the sectoral indices while indications are mixed from others. We suggest keeping the focus on stock selection and maintaining a balanced portfolio.

Top Gainers

LT by 2.51% to Rs 1,350.00. ,M&M by 1.96% to Rs 671.80, AXISBANK by 1.89% to Rs 734.25, SBIN by 1.38% to Rs 281.95, POWERGRID by 1.33% to Rs 186.95.

Top Losers

IOC By -3.45% to Rs 149.55, COALINDIA by -3.42% to Rs 234.45, ZEEL by -3.16% to Rs 456.00,WIPRO by -3.05% to Rs 269.00.,NTPC by -2.25% to Rs.145.60.

Analysis Of Top Gainer And Loser

LT is the top gainer in today's market session ,As Larsen & Toubro (L&T) arm has bagged contracts from multiple clients in the domestic market did not provide the exact value of the contract; but as per its project classification, the value of the contracts were in large category which is in the range of Rs 2,500 to Rs 5,000 crore.

IOC is the top loser in today's market, OMCs were trading in the red in Thursday's session keeping their sectoral index on BSE in the negative zone. IOC was a top loser with -3.45% closed at 149.55.

Key Market News

  • US trade deficit surges to a 10-year high in 2018 at $621 bn.
  • As per ISMA estimates, the countrys sugar output has increased 6.9% YoY to 24.77 million tonnes (MT) till February in the marketing year through September
  • Direct tax revenue totaled Rs 8.4 lakh cr so far this FY, CNBC-TV18 reported citing government officials. The collection is expected to fall Rs 60,000-70,000 cr short of FY revised direct tax revenue aim.
  • US FDA Chief's exit could impact Indian pharma into uncertainty on what would be the stance of the next commissioner on generics drug pricing, the pace of approvals and regulatory inspections.
  • Foreign portfolio investors (FPIs) bought Rs 1,130.78 crore worth of domestic stocks on Wednesday, DIIs were net sellers to the tune of Rs 878.45 crore.
  • U.S. Crude Oil Inventories reported 7.069M, way higher than the expectation of 1.203M.

Stocks To Watch

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

AXISBANK is currently quoting at Rs.734.25 up by Rs 13.65 or 1.89% from its previous closing of Rs.720.60 on the NSE. The scrip opened at Rs.720.75 & has touched a high & low of Rs.739.45 and Rs. 720.75. respectively. So far 1,12,63,734(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,88,247.04Cr. The NSE/BSE group stock has touched a 52 week high of Rs.739.45 on 07-MAR-2019 & a 52 week low of Rs. 481.25 on 27-APR-2018.

RBLBANK is currently quoting at Rs. 624.75 down by Rs.-2.75 or -0.44% from its previous closing of Rs.627.50 on the NSE. The scrip opened at Rs.628.85 & has touched a high & low of Rs.632.40 and Rs.617.45 respectively. So far 32,13,214(NSE) shares were traded on the counter. The current market cap of the company is Rs 26,546.68Cr. The BSE/NSE group stock has touched a 52 week high of Rs 651.95 on 29-AUG-2018 & a 52 week low of Rs 438.20 on 23-OCT-2018.

Share Market News 06-March-2019

Market Hold Gains, Nifty ends above 11,050

Indian equity benchmarks opened strong, with Nifty above 11000 level. The Sensex was up 158.64 points at 36601.18, while Nifty was up 47.10 points at 11034.60. Among Sector compiled by NSE advanced, led by the NSE Nifty FMCG Indexs 0.98 percent gain. The broader markets continued their outperformance for a fifth straight session with BSE midcap and smallcap rising about 0.6%. The Indian rupee opened lower against the U.S. dollar. The home currency depreciated as much as 0.16 percent to 70.6 against the greenback.

In the afternoon session, the Indian equity benchmark was trading higher. The Sensex was up by 141.95 points or 0.39% at 36584.49 and the Nifty up by 48.40 points or 0.44% at 11035.85. Among sector PSU bank, Energy & reality were trading in green. While Media & auto were trading in Red. In a Broder Market, NSE mid-cap was up by 0.81% and smallcap indices were trading higher by 1.11%, respectively.

In the last hour of trade, Indian equity benchmarks Indices continued to trade higher, Nifty was at 11,030 Mark. Indian equity benchmarks ended higher for the third consecutive day with Nifty closed above 11,050. The Sensex was up 193.56 points at 36636.10, while Nifty was up 65.50 points at 11053. Among Sector compiled by NSE advanced, led by the Nifty Pharma Indexs 1.1 percent rally. While, the Nifty Media Index was the top sectoral loser, down 1.3 percent. In the broader Market, the NSE MidCap Index was up by 0.58 percent and the NSE SmallCap Index grew by 0.73 percent. Despite mixed global cues, D-street opened in the green and kept their momentum throughout the day. The broader market has been strong this week, as the correction in small and midcap stocks are way overdone, hence, serious buying is emerging in these counters.

Top Gainers

BPCL by 2.84% to Rs 372.80. ,BAJFINANCE by 2.63% to Rs 2,766.00, ICICIBANK by 2.20% to Rs 371.25,HINDALCO by 2.14% to Rs 203.00, VEDL by 2.09% to Rs 178.60.

Top Losers

ZEEL By -2.80% to Rs 470.90, TATAMOTORS by -2.40% to Rs 189.40, IBULHSGFIN by -1.94% to Rs 725.60,AXISBANK by -1.76% to Rs 719.20.,HINDUNILVR by -1.43% to Rs.1,700.00.

Analysis Of Top Gainer And Loser

BPCL is the top gainer in today's market session After The report released stating that BPCL Kochi Refineries is expecting around 16% increase in its turnover in another three years with the completion of its second petrochemical project.

ZEEL is the top loser in today's market After the news confirmed that Kartik Mahadev has joined ZEE Entertainment Enterprises Ltd (ZEEL) as marketing head - English Cluster. Prior to this, Mahadev was working as the VP, head of marketing in Star Sports.

Key Market News

  • The US Federal Reserve is planning to impose stricter rules on foreign bank branches so as to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest US bank rules.
  • The unemployment rate in India rose to 7.2 percent in February 2019, up from 5.9 percent in February 2018.According to the report of CMIE.
  • The Reserve Bank of India (RBI) on Tuesday said it would infuse Rs12,500 crore into the financial system through open market operations.
  • Foreign portfolio investors (FPIs) bought Rs 752 crore worth of domestic stocks on Tuesday, DIIs were net buyers to the tune of Rs 581 crore.
  • U.K. Services Purchasing Managers Index (PMI) reported 51.3.
  • Australia Gross Domestic Product (GDP) QoQ reported 0.2% lower than the expectation of 0.5%.

Stocks To Watch

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

ICICIBANK is currently quoting at Rs.371.25 up by Rs 8.00 or 2.20% from its previous closing of Rs.363.25 on the NSE. The scrip opened at Rs.365.25 & has touched a high & low of Rs.372.85 and Rs. 365.25. respectively. So far 3,14,36,190(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,39,437.74Cr. The NSE/BSE group stock has touched a 52 week high of Rs.383.55 on 09-JAN-2019 & a 52 week low of Rs. 256.50 on 16-JUL-2018.

YESBANK is currently quoting at Rs. 235.05 down by Rs.-2.40 or -1.01% from its previous closing of Rs.237.45 on the NSE. The scrip opened at Rs.238.10 & has touched a high & low of Rs.240.65 and Rs.232.95 respectively. So far 2,46,58,589(NSE) shares were traded on the counter. The current market cap of the company is Rs 54,432.76Cr. The BSE/NSE group stock has touched a 52 week high of Rs 404.00 on 20-AUG-2018 & a 52 week low of Rs 146.75 on 29-NOV-2018.

Share Market News 05-March-2019


Midcaps Drive Markets To Clock To The Best Two Day Rally In A Month

Indian equity benchmarks opened lower, with Nifty below 10,850 level. However, the broader markets showed some strong momentum as compared to benchmark indices, The Sensex was down 99.39 points at 35964.42, while Nifty was down 32.10 points at 10831.40. Among Sector compiled by NSE fell, led by the Nifty IT Indexs 0.49 percent decline. While, the NSE Nifty Metal Index was the top sectoral gainer, up 0.56 percent. The weakness was captured in the IT stocks, Led by TECHM down by 2.20%.

In the afternoon session, the Indian equity benchmark was trading higher on the back of the auto stock lead by Tata motors up by 5.66%. The Sensex was up by 55.09 points or 0.15% at 36118.90 and the Nifty up by 23.30 points or 0.21% at 10886.80. Among sector Metal, Auto, Reality & PSU bank were trading in green. While, IT, FMCG were trading in Red. In a Broder Market, NSE mid-cap was up by 1.51% and smallcap indices were trading higher by 2.34%, respectively.

In the last hour of trade, Indian equity benchmarks Indices were trading at the days high, Nifty was at 10,930 Mark. Indian equity benchmarks closed strong on the first day of the week. The Sensex was up 378.73 points at 36442.54, while Nifty was up 124.00 points at 10987.50. Among Sector compiled by NSE advanced, led by the Nifty Auto Indexs 3.13 percent gain. While, the NSE Nifty IT Index was the only sectoral loser, down 1.16 percent. Extending their recent outperformance, the midcap and smallcap stocks surged today, the NSE MidCap Index was up by 2.37 percent and the NSE SmallCap Index grew by 3.94 percent. The buoyancy in market sentiment is clearly evident from the last few sessions, where mid and small caps have come to the fore and started to outperform. The premium valuations of mid and against large caps, post-correction have normalized and hence value buying seem to be emerging.

Top Gainers

IBULHSGFIN by 9.99% to Rs 739.05. ,EICHERMOT by 7.85% to Rs 21,515.10, TATAMOTORS by 7.38% to Rs 193.60,HINDPETRO by 6.42% to Rs 247.65, BPCL by 4.87% to Rs 362.90.

Top Losers

WIPRO By -3.50% to Rs 362.55, TECHM by -2.62% to Rs 810.00, INFY by -1.29% to Rs 732.30, ZEEL by -0.75% to Rs 482.70.,HINDUNILVR by -0.61% to Rs.1,724.05.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session, The Company has witnessed a good buying interest in todays trade, the stock was Up by 9.99%

WIPRO is the top loser in today's market, Wipro said it has partnered with RiskLens to deliver quantitative cyber risk assessments to enterprise customers and government organizations. the services delivered through this partnership would meet the rising and urgent demand from enterprises for better insights into losses from cyber-attacks.

Key Market News

  • US President Donald Trump told that he would intend to end Indias preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty-free.
  • China has raised its budget deficit to 2.8 percent of GDP.
  • The china's Caixin/Markit services purchasing managers index (PMI) fell to 51.1, the lowest since October and down sharply from Januarys 53.6.
  • India's coffee exports rose 13.26% YoY to 48330 tonnes in January-February 2019. Out of the total, Robusta coffee exports increased by 28.42% to 34090 tonnes whereas Arabica coffee exports increased by 14.39% to 11156 tonnes
  • Foreign portfolio investors (FPIs) bought Rs 198.38 crore worth of domestic stocks on Friday, DIIs were net buyers to the tune of Rs 117.05 crore.
  • The Union Textile Ministry had launched a comprehensive Scheme for the development of the knitwear sector under PowerTex India.
  • The Nikkei India Services Business Activity Index rose to 52.5 last month from 52.2 in January.

Stocks To Watch

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

M&MFIN is currently quoting at Rs.430.15 up by Rs 18.70 or 4.54% from its previous closing of Rs.411.45 on the NSE. The scrip opened at Rs.411.20 & has touched a high & low of Rs.437.45 and Rs. 409.00. respectively. So far 33,80,156(NSE) shares were traded on the counter. The current market cap of the company is Rs 26,786.29Cr. The NSE/BSE group stock has touched a 52 week high of Rs.534.00 on 30-APR-2018 & a 52 week low of Rs. 342.65 on 05-OCT-2018.

INFY is currently quoting at Rs. 732.75 down by Rs.-9.15 or -1.23% from its previous closing of Rs.741.90 on the NSE. The scrip opened at Rs.740.50 & has touched a high & low of Rs.742.50 and Rs.730.25 respectively. So far 48,25,394(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,20,047.47Cr. The BSE/NSE group stock has touched a 52 week high of Rs 772.25 on 08-FEB-2019 & a 52 week low of Rs 551.00 on 16 -APR-2018.

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ABOUT AUTHOR

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

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