Market Turns Volatile, Crude Prices And Earnings To Direct Ahead

weekly share market news and updates

Our Analysis

This week the D-street was highly steered with emotions and had no clear direction to ride. These sentiments across the market participant are resultant of the jump in Brent crude prices ($75/per barrel) as well as a rising VIX. VIX almost logged its 3 years high this week and crossed the 24-Mark. During the week, snatching first two days bumpy ride, bulls made a heroic comeback till the noon of Thursday. However, in the last session of the same day bears took over the control on D-street ahead of F&O expiry for April series. However, throughout the week earnings remained the kingmaker for the market trend. Positive earnings like Ultra-tech cement have boosted markets on the contrary disappointing earnings from Maruti dragged them back.

Going ahead the attention will be on the corporate earnings and the macro data such as Infrastructure output and the government budget value for the month of March. Also, the fourth phase of voting will go on 29th April for Lok Sabha which is also one more key event to keep an eye in the upcoming week. Moreover, auto sales figures which are lined up in the initial weeks of the month and crude price movements will also be determinant for the further market direction. Being a significant importer of crude oil, the high oil price impacts Indian macros thereby Indian markets. It is said that a 10 percent spike in crude prices can result in a 0.4 percent widening of the CAD(Current Account Deficit), which consequently play out into a 3-4 percent depreciation in the Indian rupee (INR) which further pushes up the inflation by around 0.24 percent.

The Nifty has been trading in the range of 11550-11,800 since the last 18 trading sessions. Wednesday rally which has shown a strong pullback from its recent supports has not managed to carry further a follow-up price action. Owing to which most of the gains earned were wiped out ahead of F&O expiry. For the Next week, 11,650 will act as a crucial pivot point. If the Nifty continued to trade above this level (11650), then there are chances that nifty can reach its previous high again. However, if Nifty fails to compose on 11650 mark then it may fall up to 11,400. Though there seem some chances of pausing this trend at 11,550.

This Weeks Market Highlights:

Benchmark Indices:

1)On Monday Indian markets had a rough day on the back of a sharp rise in the crude oil price ($75/ per barrel). The market closed on the day's low with Sensex down by 495.10 while Nifty closed at 11,594.50. The damage was seen in the overall sector with reality sector hurt the worst, On the other side, Nifty IT was the only sector to perform on the back of the weakness in rupee.

2)On Tuesday, Indian indices fell for the third trading session in a row, The Banking stocks led the decline The Sensex was down by 80.30 points at 38564.88, while Nifty declined by 18.50 points at 11576.

3) On Wednesday, The last hour buying helped the market to close on a strong note, Ultra tech cement's strong results & halt in the Brent crude price pushed the Sensex to close above 39000 Mark, while Nifty was up 150.20 points at 11726.20 Nifty PSU Bank Index remained the top performing sector with a gain of 1.54%.

4) In the second half of Thursday, markets witnessed a major setback led by a surge in crude prices coupled with poor quarterly numbers from Maruti. While the Nifty was trading around 11800 Mark, hampered investor sentiments dragged it back to 11641.80, The downtrend was highly aided by a sharp decline in BankNifty and Metal indices. Despite all the ups and downs, the reality was the only sector which has managed to close in the green zone.

5) On Friday, It is a firm start for the May F&O series as Nifty opened around 11,700 level.

Broader Index & Global Market:

- Globally, On the Wall Street, The indices scaled to record high amid the positive earnings surprises and favorable economic data, In coming days, Wall Street would be busy on the economic front, as well as the quarterly earnings will see a stock - specific action.

- In the broader market, The Mid & Small Cap was strong as compared to the benchmark indices, overall stock/sector specific action continues.In this week the Cement, reality, sugar sector was in focus.

Movers & Shakers

Shares of UltraTech Cement surged more than 10 percent after the company posted the strong Q4FY19 result, UltraTech Cement has reported 108 percent jump in its standalone net profit at Rs 1,017.5 crore on the back of better operating performance. Its revenue was up 18 percent at Rs 10,500 crore against Rs 8,872 crore, YoY. EBITDA stood at Rs 2,213 crore, while margin at 21 percent.

Shares of Bharti Infratel dropped more than 11 percent in a week after the company posted flat Q4FY2019 result coupled with downgradation from CLSA dragged the stock lower.

Key Market Drivers

  • India's steel demand is likely to grow above 7% in 2019, 2020: World Steel Association
  • Gold imports drop 3% to $32.8 bn in 2018-19.
  • The United States announces that all imports of Iranian oil must end or be subject to sanctions by may.
  • India misses target of becoming an electricity-surplus nation; peak power deficit at 0.8% in FY19.
  • Sebi reduces the minimum subscription requirement for REITs, InvITs.
  • RBI has notified banks & financial institution to disclose their total exposure & provisions to beleaguered ILFS in their notes to account. We believe this move should provide clarity on the exposure and provisions related to the IL&FS group.
  • The RBI had exited from the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to the government, making them fully government-owned.

Event Watch

International:

  • US Initial Jobless Claims
  • China Manufacturing PMI
  • US Employment Cost Index
  • Nikkei Japan PMI Mfg
  • Markit US Mfg PMI
  • Caixin China PMI Mfg

Domestic:

  • Nikkei India PMI Mfg
  • Crude Movement
  • Q4FY2019 Earning
  • INR Price

Stocks To Watch

AUROPHARMA,INDIA CEMENT & NAVNEET EDUCATION On Upside while AMARAJABAT, STERLITE TECH on Downside.

Share Market News 25-April-2019

In the Chppy Trade, Nifty ends below 11,700; crude tops $75

Following the mixed Asian cues and weak US markets, Indian share market started off on a flat note. Ultratech cement carried its momentum ahead and opened on the higher levels as expected. Along with that, Grasim, Power Grid, HDFC Bank and HCL Technologies were also seen in the green zone.
In the morning session, Sensex gained by 25.62 points to reach 39,080.30 whereas Nifty50 rose marginally by 0.70 points to 11,726.90. On the sectoral front, Media & Reality were the top performers however Auto stocks continued their drag down for succeeding sessions.

In the afternoon session, the market resumed yesterday's patterns and traded at day's high. The rally was highly supported by cement sector which remained the outperformer throughout the session. UTCL was among the highest gainers from cement pack. Moreover, Banknifty has also cherished market by trading above the 30,000 mark. During the session, Sensex was trading at 39213.29 up by 0.41 percent and Nifty was at 11785 Mark. On Sectoral front, Energy, Reality & Pharma seemed to be strong, However, Metal, & Auto were weak. On the broader market level, Nifty Mid & Small Cap traded higher by 0.45 & 0.76 percent.

In the second half, markets witnessed a major setback led by a surge in crude prices coupled with poor quarterly numbers from Maruti. While the market was trading around 11800 Mark, hampered investor sentiments dragged it back to 11641.80. During the last session, Sensex fell around 323.82 points and nifty by 84.40 points. The downtrend was highly aided by a sharp decline in BankNifty and Metal indices. Despite all the ups and downs, the reality was the only sector which has managed to close in the green zone. On the broader market level, Midcap was down by 0.39 percent while Small-cap closed in positive to flat note with a 0.02 percent gain.

Top Gainers

ULTRACEMCO by 5.47% to Rs 4,635.00. ,GRASIM by 4.82% to Rs 923.00 ,DRREDDY by 2.70% to Rs 2,936.70, BHARTIARTL by 2.53% to Rs 332.70, BPCL by 2.52% to Rs 357.80.

Top Losers

INFRATEL By -9.62 % to Rs 272.50 , TATASTEEL by -2.71% to Rs 511.00 ,VEDL by -2.55% to Rs 170.35, MARUTI by -1.95% to Rs 6,880.00.,HINDALCO by -1.94% to Rs. 196.80.

Analysis Of Top Gainer And Loser

ULTRACEMCO is the top gainer in today's market session. Ultratech cement has posted its Q4 results. The company posted an impressive PAT of Rs.1017 crores beating street estimates. UTCLs strong quarterly result was the key driver for the consecutive rally of the last two days.

INFRATEL is the top loser in today's market, a flat result coupled with downgradation from CLSA dragged the stock.

Key Market News

  • RBI has notified banks & financial institution to disclose their total exposure & provisions to beleaguered ILFS in their notes to account. We believe this move should provide clarity on the exposure and provisions related to the IL&FS group.
  • The RBI had exited from the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to the government, making them fully government-owned.
  • Foreign portfolio investors (FPIs) bought Rs 974.88 crore worth of domestic stocks on Wednesday, DIIs were net sellers to the tune of Rs 657.06 crore.

Stocks To Watch

AUROPHARMA is on the upside while STERLITE TECH is on the downside.

AUROPHARMA is currently quoting at Rs.800.00 up by Rs 14.70 or 1.87% from its previous closing of Rs.785.30 on the NSE. The NSE stock has touched a 52 week high of Rs.830.45 on 04-DEC-2018 & a 52 week low of Rs.527.00 on 04-JUN-2018. The stock was trading in the range-bound zone since last 30 days however, sudden heavy volumes helped it to breach the upward range owing to which in the near term stock is expected to be on the upside.

STERLITE TECH is currently quoting at Rs.191.45 down by Rs.-1.70 or -0.88% from its previous closing of Rs.193.15 on the NSE. The NSE stock has touched a 52 week high of Rs 399.90 on 01-NOV-2018 & a 52 week low of Rs 188.70 on 09-APR-2019. The stock seems to be weak on the technicals, any pullback can offer a good opportunity to short the stock.

Share Market News 24-April-2019

Last Hour Rally rally lifts Nifty above 11,700,VIX eases 5%

Tracking the positive global clues and halt in a crude price Indian share market opened on a higher note. Sensex grew by 131.49 points while Nifty was up by 36.20 points. The Nifty Media was the top gainer in the opening session with the gain of 0.72 percent, While, FMCG was the only sector remained in the red.

In the afternoon session, Indian markets erased some its gain reaped in the morning session. Nifty traded below 11,600 Mark whereas Sensex followed the same pattern and was up by 0.12% trading at 38,611.85. On sectoral front Media continued to trade higher. Moreover, buying support was seen in the Energy & Reality sectors too. On the other hand, Auto, Metal & FMCG sectors were seen trading under pressure. Among these sectors, Maruti, Vedanta & ITC have taken a major beating and were down by more than a percent.

Closing Bell for Indian Benchmark indices was on the positive side. The last hour buying helped the market to close on a strong note, The cement pack was the one who was in focus in the second half of the day. The key reason behind this was Ultra tech cement's strong results. The robust quarterly numbers have pushed UTCL among the top gainers of the day. At the same time, bank nifty has also witnessed a bounce back from its support levels and pushed itself ahead of 29850 mark. Going ahead, Brent crude prices halted the rally today, which indeed turned into a relief rally for OMC sector. While bidding adieu to the market, Sensex was up 489.80 points at 39054.68, while Nifty was up 150.20 points at 11726.20. Nifty PSU Bank Index remained the top performing sector with a gain of 1.54%. In The broader market, the Mid-Cap was Up by 0.37%, while, Small-Cap was trading higher by 0.79%. Maruti and Axis Bank will be publishing their respective quarterly numbers tomorrow which would be an event to watch for the market watchdogs.

Top Gainers

ULTRACEMCO by 5.57% to Rs 4,432.00. ,BPCL by 3.75% to Rs 348.95 ,HCLTECH by 3.54% to Rs 1,141.05, INDUSINDBK by 3.19% to Rs 1,704.00, ONGC by 2.81% to Rs 168.35.

Top Losers

TATAMOTORS By -3.19 % to Rs 224.25, HEROMOTOCO by -0.84% to Rs 2,615.90 ,MARUTI by -0.77% to Rs 6,994.35, COALINDIA by -0.59% to Rs 254.00.,CIPLA by -0.53% to Rs. 558.70.

Analysis Of Top Gainer And Loser

ULTRACEMCO is the top gainer in today's market session, The company posted a strong Q4FY2019 result profit more than doubles to Rs 1,017 crore, beats Street estimates.

TATAMOTORS is the top loser in today's market, After the sharp upward rally and outperforming the Auto sector in the current month, TataMotors has witnessed the selling pressure in today's market trade the stock was down by nearly 3 percent

Key Market News

  • Sebi reduces the minimum subscription requirement for REITs, InvITs.
  • Foreign portfolio investors (FPIs) sold Rs 237.47 crore worth of domestic stocks on Tuesday,DIIs were net buyers to the tune of Rs 198.35 crore.
  • Gold falls to a four-month low on the firm dollar.

Stocks To Watch

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

M&MFIN is currently quoting at Rs.435.50 up by Rs 11.40 or 2.69% from its previous closing of Rs.424.10 on the NSE. The scrip opened at Rs.425.85 & has touched a high & low of Rs.436.00 and Rs. 425.60 respectively. So far 33,12,999(NSE) shares were traded on the counter. The current market cap of the company is Rs 26,761.58Cr. 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.

GRAPHITE is currently quoting at Rs.405.50 down by Rs.-12.00 or -2.87% from its previous closing of Rs.417.50 on the NSE. The scrip opened at Rs.419.00 & has touched a high & low of Rs.423.40 and Rs.404.15 respectively. So far 15,32,815(NSE) shares were traded on the counter. The current market cap of the company is Rs 7,984.02 Cr. The BSE/NSE group stock has touched a 52 week high of Rs 1,127.00 on 10-AUG-2018 & a 52 week low of Rs 395.10 on 12-FEB-2019.

Share Market News 23-April-2019

Sensex falls for third day in a row; Nifty below 11,600

Indian indices opened higher on Tuesday with Nifty above 11,600 marks. Oil prices extended gains after the US announced that all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran. the Sensex was up 38.43 points at 38683.61, while Nifty up 20 points or 0.17% at 11614.50. Among sector compiled by NSE advanced, led by the Nifty Realty Indexs 0.55 percent gain. While, the Nifty Auto Index was the top sectoral loser, down 0.21 percent. The Indian rupee opened higher against the U.S. dollar. The home currency gained as much as 0.01 percent to 69.66 against the greenback.

In the afternoon session, The Indian share market indices were trading Flat after a gap up opening, Nifty was hovering around 11,600 levels. The Sensex was up by 71.94 points or 0.19% at 38,717.12 and the Nifty was up by 16.60 points or 0.14% at 11,611.05. On the sectoral front, Media, Metal & Reality were trading in the green, While, Infra, IT were seen trading in the red. In a Broader Market, NSE mid-cap was up by 0.23% and smallcap indices were trading lower by 0.32%, respectively.

Closing Bell for Indian Benchmark indices, Indian indices fell for the third trading session in a row as Nifty failed to hold 11,600 level. Banking stocks led the decline, with Nifty Bank index falling 0.70%. Among banking stocks, HDFC Bank fell 1% while SBI declined 1.4%. Other top losers included Yes Bank and IndusInd Bank, both falling over 2% each. The Sensex was down 80.30 points at 38564.88, while Nifty was down 18.50 points at 11576. Among sectors, energy, FMCG and pharma witnessed some buying, while auto, bank, metal, and infra ended in the red. The broader market the Small-Cap was down by 0.64%, while, Mid-Cap was trading higher by 0.10 percent.

The recent surge in crude oil prices has spooked our markets. The prevailing earnings season and upcoming derivatives expiry would further fuel the volatility.

Top Gainers

ONGC by 4.50% to Rs 165.00. ,ZEEL by 3.20% to Rs 409.25 ,SUNPHARMA by 2.97% to Rs 468.00, BAJFINANCE by 1.53% to Rs 3,037.10, RELIANCE by 1.43% to Rs 1,364.65.

Top Losers

MARUTI By -3.55% to Rs 7,061.00, YESBANK by -3.08% to Rs 231.00 ,TATASTEEL by -2.11% to Rs 522.95, INDUSINDBK by -1.96% to Rs 1,657.90.,HEROMOTOCO by -1.84% to Rs. 2,640.00.

Analysis Of Top Gainer And Loser

ONGC is the top gainer in today's market session, being beneficiaries of elevated crude prices, and can act as good hedge against any spike in crude. ONGC stock is pessimistically discounting net crude realization around $45 per barrel

MARUTI is the top loser in today's market, on the expectation of negative Q4FY2019 result the company had witnessed the selling pressure in todays trade, Company will post the result on 25th April.

Key Market News

  • Oil prices were at ~$74 per barrel (2019 peaks) after the US abruptly moved to end all Iran sanctions waivers by May, pressurizing importers to stop buying from Tehran Higher oil prices will negatively impact the marketing margins of OMCs, which have remained high in the last quarter.
  • India misses target of becoming an electricity-surplus nation; peak power deficit at 0.8% in FY19.
  • Foreign portfolio investors (FPIs) bought Rs 73.08 crore worth of domestic stocks on Monday, DIIs were net sellers to the tune of Rs 68 crore, data suggested..

Stocks To Watch

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

ITC is currently quoting at Rs.303.00 up by Rs 1.20 or 0.40% from its previous closing of Rs.301.80 on the NSE. The scrip opened at Rs.302.15 & has touched a high & low of Rs.304.80and Rs. 301.55 respectively. So far 74,96,038(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,71,865.59Cr. The NSE/BSE group stock has touched a 52 week high of Rs.322.95 on 03-SEP-2018 & a 52 week low of Rs.259.00 on 28-JUN-2018.

TATASTEEL is currently quoting at Rs.522.95 down by Rs.-11.25 or -2.11% from its previous closing of Rs.534.20 on the NSE. The scrip opened at Rs.534.95 & has touched a high & low of Rs.538.50 and Rs.521.50 respectively. So far 51,19,376(NSE) shares were traded on the counter. The current market cap of the company is Rs 66,022.18 Cr. The BSE/NSE group stock has touched a 52 week high of Rs 647.60 on 21-SEP-2019 & a 52 week low of Rs 441.35 on 29-JUN-2019.

Share Market News 22-April-2019

Nifty ends below 11,600,Sensex tumbling 495 pts; RIL leads decline

Indian share market started the week on a negative note with Nifty slipped below 11,700 level, The market heavyweight Reliance Industries (RIL) leading the decline. The Sensex was down 200.46 points or 0.51% at 38939.82, and the Nifty down 74.30 points or 0.63% at 11678.50. Among sector compiled by NSE fell, led by the Nifty Realty Indexs 1.57 percent decline.While, the Nifty IT Index was the only sectoral gainer, up 0.52 percent. The Indian rupee opened lower against the U.S. dollar. The home currency weakened as much as 0.58 percent to 69.76 against the greenback. Oil prices rallied around 3 percent to their highest since late 2018 as the United States was set to announce that all imports of Iranian oil must end or be subject to sanctions.

In the afternoon session, The Indian share market indices were trading in days low, Nifty was hovering around 11,650 levels. The India VIX was continuously in an uptrend and was trading at 24.19 Mark. The Sensex was down by 246.47 points or 0.63% at 38,893.81 and the Nifty was down by 87.15 points or 0.74% at 11,665.65. On the sectoral front, The IT Major Infy & TCS were the only stock trading in the green, While Reality, auto & Energy was the sector which was witnessing the most selling pressure. In a Broader Market, NSE mid-cap was down by 1.02% and smallcap indices were trading lower by 0.87%, respectively.

Closing Bell for Indian Benchmark indices, Indian indices ended at day's low as selling pressure dragged Nifty below 11,600.The damage was seen in the overall sector with reality sector hurt the worst, On the other side , Nifty IT was the only sector to perform on the back of the weakness in rupee. the Sensex was down 495.10 points at 38,645.18, while Nifty was down 158.30 points at 11,594.50. The broader market continued to underperform the Benchmark indices the Mid & Small Cap was down by 1.75 & 1.76 percent.

Indian markets had a rough day on the back of a sharp rise in crude oil price above $74 per barrel. As a significant importer of crude oil, the high oil price is not good for Indian macros. Further, after a breathtaking rally of the past two months, a correction was due in the Indian markets; and crude oil has triggered it. Further, ongoing results season has provided mixed performance till date. For the markets to sustain at elevated levels, its very important for Indian corporate earnings to remain robust

Top Gainers

BHARTIARTL by 1.46% to Rs 352.00. ,WIPRO by 1.21% to Rs 288.25 ,TECHM by 0.71% to Rs 806.00, INFY by 0.59% to Rs 721.30, NTPC by 0.48% to Rs 136.00.

Top Losers

IBULHSGFIN By -9.07% to Rs 727.95, YESBANK by -6.92% to Rs 238.10 ,BPCL by -6.32% to Rs 339.95, INDUSINDBK by -4.28% to Rs 1,688.70.,IOC by -3.97% to Rs. 149.90.

Analysis Of Top Gainer And Loser

BHARTIARTL is the top gainer in today's market session, The stock has been accumulated by many HNI client as well as many brokerage houses have recommended the stock for BTST trade.

IBULHSGFIN is the top loser in today's market After the company confirmed regarding the merger with the Lakshmi Vilas bank the company was in immense selling pressure, In today market the Stock dropped nearly 9.07%

Key Market News

  • Indias steel demand is likely to grow above 7% in 2019, 2020: World Steel Association
  • Gold imports drop 3% to $32.8 bn in 2018-19.
  • Foreign portfolio investors (FPIs) bought Rs 1,038.46 crore worth of domestic stocks on Thursday, DIIs were net sellers to the tune of Rs 337.59 crore.
  • Oil prices rallied around 3 percent to their highest since late 2018 as the United States was set to announce that all imports of Iranian oil must end or be subject to sanctions.

Stocks To Watch

NAVNETEDUL is on the upside while HINDPETRO is on the downside.

NAVNETEDUL is currently quoting at Rs.114.25 up by Rs 0.65 or 0.57% from its previous closing of Rs.113.60 on the NSE. The scrip opened at Rs.113.00 & has touched a high & low of Rs.114.25 and Rs. 110.30 respectively. So far 79,654(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,609.12Cr. The NSE/BSE group stock has touched a 52 week high of Rs.156.00 on 24-APR-2018 & a 52 week low of Rs.98.65 on 25-OCT-2018.

HINDPETRO is currently quoting at Rs.250.60 down by Rs.-16.00 or -6.00% from its previous closing of Rs.266.60 on the NSE. The scrip opened at Rs.258.10 & has touched a high & low of Rs.258.85 and Rs.248.00 respectively. So far 81,73,151(NSE) shares were traded on the counter. The current market cap of the company is Rs 38,141.28Cr. The BSE/NSE group stock has touched a 52 week high of Rs 330.85 on 18-APR-2018 & a 52 week low of Rs 163.00 on 05-OCT-2018.

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ABOUT AUTHOR

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

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