Markets On Newer Highs Celebrate Holi With Green

weekly share market news and updates

Our Analysis

This week the auspicious occasion of Holi was celebrated in India, However, D-street witnessed the early celebration of Holi with bulls dancing and fetching returns on their investment, Indian share market had played the Holi with green only. As the Benchmark indices rallied to register the 7-Month high, The key drivers were the prospect of a mega-win for the BJP in the forthcoming election, Strong FII inflows, Ruppe appreciation, and the global investment bank Goldman Sachs upgrading Indian stock to "overweight".

Nifty50 is continuously making a higher high, Indicating the positive momentum. Recovery in selected IT stock and the late bounce in banking stock has sustained the nifty above 11,500 marks. Generally, any asset price cannot move in the straight line for a longer period. It has to follow the trend rules that every rise will be followed by a corrective move or a profit booking move, Dips will provide a better opportunity to enter in market or to accumulate the equity, Going forward, The US Fed's FOMC, would command the attention of the investor,Also the investor will monitor the US-China trade talk and Brexit development.

This Weeks Market Highlights:

Benchmark Indices:

1) On Monday, last hour buying had helped Indian share market to close in the green. the Sensex up by 70.75 points at 38095.07, while Nifty grew by 35.30 points at 11462.20.

2) Among Sector compiled by NSE advanced, led by the Nifty Realty Indexs 2.8 percent gain. While, the Nifty Auto Index was the top sectoral loser, down 1.4 percent. The broader Market Update, the NSE MidCap Index was down by 0.27 percent and the NSE SmallCap Index was higher by 0.15 percent.

3) On Tuesday, the bull run continues on the Dalal Street, Indian share market indices finished higher for the 7th consecutive day. the Sensex up by 268.40 points at 38363.47, while Nifty grew by 70.20 points at 11532.40

4) Among Sector compiled by NSE advanced, led by the Nifty PSU Bank Indexs 1.87 percent rally. While, the Nifty Auto Index was the top sectoral loser, down 0.7 percent.

5) On Wednesday, Indian share market indices ended mixed after they remained range-bound throughout the session. The Sensex up by 23.28 points at 38386.75, while Nifty decline by 11.40 points at 11521.

6) Among Sector compiled by NSE advanced, led by the Nifty Realty Indexs 2.43 percent rally. While, the Nifty Media Index was the top sectoral loser, down 3.38 percent.

7) On Friday, Indian equity benchmarks opened higher and are set for their longest stretch of weekly gains in over six months.

Broader Index & Global Market:

-Globally, The us market has shown concern over the forecast of an economic slowdown by the federal reserve, However, we have seen a rally of around a percent pushed by the tech-heavy apple.

- In the broader market, The Mid-cap and Small-cap has outperformed the benchmark indices, Realty stock had witnessed a sharp upmove over the decision held on the Gst rates over the under-construction houses.

Movers & Shakers

Shares of the Godrej properties surged more than 20 percent in a week after Company has bought a 27-acre plot in New Delhis Ashok Vihar area from the Rail Land Development Authority in a deal said to be valued at Rs 1,100 crore. The deal also involves the construction of flats for the railways free of cost and the sale of 50% of the flats for economically weaker sections at market value.

Shares of the Jubilant Lifescience dropped more than 10 percent in a week after Jubilant Lifesciences Limited (JLL), an integrated global Pharmaceuticals and Life Sciences company, has announced that in Jubilant Pharma Limited (JPL), its material wholly owned subsidiary, with reference to the USFDA inspection conducted at one of manufacturing facility at Roorkee, India of solid dosage formulations during August 2018 and also the sequent intimation from the agency of classifying the facility as Official Action Indicated (OAI) in Dec 2018, the agency has further issued a Warning letter for the Roorkee facility. The USFDA may withhold approval of any new applications or supplements till the company addresses all issues raised by the agency. - Company's statement.

Key Market Drivers

  • According to media sources, the Ministry of Commerce is considering a proposal to hike customs duty on raw materials (such as compressors, pre-coated steel sheet, copper tubes) used in home appliances like air conditioners, refrigerators, washing machines, and microwave ovens.
  • Indias merchandise trade deficit fell to USD9.6b in Feb19 from USD12.3b in the year-ago month and an average of USD15.7b during the last six months.
  • Japans exports fell for a third straight month in February, Dropped 1.2 percent year-on-year.
  • As per some media reports, the price of domestic gas may go up by 18% from the current $3.36/mmbtu from April.
  • Negotiators for the U.S. and China have scheduled a brand new spherical of high-level trade talks in Beijing and Washington, aiming to close a deal by late April to end the yearlong dispute between the worlds two largest economies
  • As per media sources, international weather monitoring agencies have forecast >50% probability of El Nio coinciding with the Indian monsoon season 2019.
  • Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry foresaid on the weekday, citing Venezuela's oil minister.
  • All residential buildings not completed before March 31, 2019, can have a choice to settle on between the old goods and service tax (GST) and the new regime declared last month. The new regime, that provides a lower GST rate but without the input tax credit, will be mandatory for all new projects launched after April 1.

Event Watch

International:

  • U.K. Gross Domestic Product (GDP) QoQ.
  • U.S. Gross Domestic Product (GDP) QoQ.
  • Germany Manufacturing Purchasing Managers Index (PMI).
  • US-china trade talk.
  • Brexit development.

Domestic:

  • India Foreign Debt.
  • India Infrastructure Output YoY.
  • India Current Account India Federal Fiscal Deficit.

Stocks To Watch

ITC, Jubilant Foodwork On Upside while Lupin & Maruti on Downside.

Share Market News 20-March-2019

Sensex, Nifty halts a seven-day rally

Indian share market started Flat, with Nifty below 11,500 level. The Sensex was up 9.74 points at 38373.21, while Nifty was up 0.90 points at 11533.30. the sectoral indices compiled by NSE advanced, led by the NSE Nifty Realty Indexs 1.47 percent gain. While, the NSE Nifty Media Index was the top sectoral loser, down 1.3 percent. However, gains were capped as Asian shares fell across the board in line with the overnight drop in US stocks. Rising crude oil prices too worried investors.

In the afternoon session, the Indian share market index Nifty was sustaining above 11500 Mark as HDFC Bank & Infy were holding the Indices. The Sensex was up by 84.80 points or 0.22% at 38,448.27 and the Nifty was up by 11.40 points or 0.10% at 11,543.80. Among sector It & Reality were trading in green While, Media, Energy & Auto were in red. In a Broder Market, NSE mid-cap was down by 0.08% and smallcap indices were trading higher by 0.08%, respectively.

Nifty Update in the last hour of trade, Nifty was trading at 11542.15. Indian share market indices ended mixed after they remained range-bound throughout the session. The Sensex was up 23.28 points at 38386.75, while Nifty was down 11.40 points at 11521. Among Sector compiled by NSE advanced, led by the Nifty Realty Indexs 2.43 percent rally. While, the Nifty Media Index was the top sectoral loser, down 3.38 percent. The broader Market Update, the NSE MidCap Index was down by 0.50 percent and the NSE SmallCap Index was lower by 0.30 percent. The market took a breather amid weak global cues driven by sell-off ahead of the Fed meeting. The Nifty index traded in a narrow range and closed on a flat note.

Top Gainers

IBULHSGFIN by 5.09% to Rs 733.50. ,HINDALCO by 2.40% to Rs 207.20, INFY by 2.15% to Rs 737.80,DRREDDY by 1.81% to Rs 2,757.85,LT by 1.70% to Rs 1,381.00.

Top Losers

HINDPETRO By -5.52% to Rs 274.70, ZEEL by -5.10% to Rs 442.00, BPCL by -4.98% to Rs 387.50,NTPC by -3.67% to Rs 129.95.,ONGC by -2.87% to Rs.152.50.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session after The GST Council has declared the change in the rate of unsold housing inventories will benefit the overall housing industry.

HINDPETRO is the top loser in today's market, OMCS has witnessed a strong selling in today's trade, Hind Petro was the top loser, Down by 5.52%.

Key Market News

  • Negotiators for the U.S. and China have scheduled a new round of high-level trade talks in Beijing and Washington, aiming to close a deal by late April to end the yearlong dispute between the worlds two largest economies
  • As per media sources, international weather monitoring agencies have forecast >50% probability of El Nio coinciding with the Indian monsoon season 2019.
  • Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry foresaid on Tues, citing Venezuela's oil minister.
  • All residential buildings not completed before March 31, 2019, can have a choice to settle on between the old goods and service tax (GST) and the new regime declared last month. The new regime, that provides a lower GST rate but without the input tax credit, will be mandatory for all new projects launched after April 1.
  • Foreign portfolio investors (FPIs) bought Rs 2,132.36 crore worth of domestic stocks on Tuesday, DIIs were net sellers to the tune of Rs 1,253.67 crore, data suggested.

Stocks To Watch

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

INFY is currently quoting at Rs.737.80 up by Rs 15.55 or 2.15% from its previous closing of Rs.722.25 on the NSE. The scrip opened at Rs.727.25 & has touched a high & low of Rs.742.30 and Rs. 727.15. respectively. So far 1,34,71,173(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,22,645.59Cr. The NSE/BSE group stock has touched a 52 week high of Rs.772.25 on 08-FEB-2019 & a 52 week low of Rs.551.00 on 16-APR-2018.

M&M is currently quoting at Rs. 679.40 down by Rs.-10.00 or -1.45% from its previous closing of Rs.689.40 on the NSE. The scrip opened at Rs.689.00 & has touched a high & low of Rs.694.35 and Rs.676.15 respectively. So far 23,69,729(NSE) shares were traded on the counter. The current market cap of the company is Rs 84,667.63Cr. The BSE/NSE group stock has touched a 52 week high of Rs 993.00 on 29-AUG-2018 & a 52 week low of Rs 615.60 on 18-FEB-2019.

Share Market News 19-March-2019


Sensex in Seventh Heaven, Nifty reclaims 11,500 Mark

Indian share market started higher on Tuesday, with Nifty hovering around 11,500 level. The Sensex was up 108.79 points at 38203.86, while Nifty was up 18.80 points at 11481 All the sectoral indices compiled by NSE advanced, led by the Nifty Pharma Indexs 0.74 percent gain. While, the Nifty Auto Index was the top sectoral loser, down 0.6 percent. Investors will keep an eye on the GST Council meeting that will be held later today, where it is expected that various issues including the implementation of lower GST rates for the real estate sector will be taken up.

In the afternoon session, the Indian share market indices have erased some of its morning gains. The Sensex was up by 41.30 points or 0.11% at 38,136.37 and the Nifty was up by 9.45 points or 0.11% at 11,471.65. Among sector PSU bank, Pharma, Metal were trading in green While, Auto, Infra & IT were in red. In a Broder Market, NSE mid-cap was up by 0.66% and smallcap indices were trading higher by 1.05%, respectively.

Nifty Update in the last hour of trade, Nifty was trading above 11,500 level. bull run continues on the Dalal Street, Indian share market indices finished higher for the 7th consecutive day. the Sensex was up 268.40 points at 38363.47, while Nifty was up 70.20 points at 11532.40. Among Sector compiled by NSE advanced, led by the Nifty PSU Bank Indexs 1.87 percent rally. While, the Nifty Auto Index was the top sectoral loser, down 0.7 percent. The broader Market Update, the NSE MidCap Index was up by 0.69 percent and the NSE SmallCap Index was higher by 1.00 percent. Given the recent run-up, we believe the market may take a pause in the near term despite improving domestic sentiment. On the global front, the outcome of US Fed meeting and its commentary on the economic outlook going forward will be closely monitored by the investors. Further, uncertainty regarding Brexit deal (as the third vote on the deal was blocked) could also influence investor sentiments. We advise market participants to focus on fundamentally sound stocks and utilize any correction to build a long-term portfolio.

Top Gainers

HCLTECH by 2.84% to Rs 1,040.75. ,INFRATEL by 2.80% to Rs 327.00, INFY by 2.21% to Rs 725.90,RELIANCE by 2.07% to Rs 1,378.00,ITC by 2.03% to Rs 299.70.

Top Losers

EICHERMOT By -2.66% to Rs 21,660.00, JSWSTEEL by -2.29% to Rs 288.20, HERMOTOCO by -2.04% to Rs 2,615.00,LT by -1.37% to Rs 1,359.95.,MARUTI by -1.35% to Rs.6,816.00.

Analysis Of Top Gainer And Loser

HCLTECH is the top gainer in today's market session after the company entered into an arrangement with Xerox pursuant to which Xerox will outsource certain global administrative and support functions.

EICHERMOT is the top loser in today's market, Indian automotive manufacturer Eicher Motors has decided to end its equal joint venture (Eicher Polaris) with US-based Polaris Industries, The company has cited poor sales performance of Eicher Polaris first vehicle Multix for the closure decision aimed for both familial and business purposes.

Key Market News

  • Foreign portfolio investors (FPIs) bought Rs 1,822.99 crore worth of domestic stocks on Monday, DIIs were net sellers to the tune of Rs 1,268.91 crore, data suggested.
  • The dollar was under pressure on Tuesday, weighed by growing expectations the Federal Reserve would shift to an additional accommodative policy stance this week.
  • As per some media reports, the price of domestic gas may go up by 18% from the current $3.36/mmbtu from April.

Stocks To Watch

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

ESCORT is currently quoting at Rs.813.75 up by Rs 27.65 or 3.52% from its previous closing of Rs.786.10 on the NSE. The scrip opened at Rs.789.90 & has touched a high & low of Rs.816.00 and Rs. 785.30. respectively. So far 31,43,560(NSE) shares were traded on the counter. The current market cap of the company is Rs 9,971.63Cr. The NSE/BSE group stock has touched a 52 week high of Rs.1,017.70 on 02-MAY-2018 & a 52 week low of Rs.541.00 on 08-OCT-2018.

M&MFIN is currently quoting at Rs. 417.05 down by Rs.-12.50 or -2.91% from its previous closing of Rs.429.55 on the NSE. The scrip opened at Rs.431.60 & has touched a high & low of Rs.431.60 and Rs.415.65 respectively. So far 24,17,850(NSE) shares were traded on the counter. The current market cap of the company is Rs 25,760.80Cr. The BSE/NSE group stock has touched a 52 week high of Rs 534.00 on 30-APR-2018 & a 52 week low of Rs 342.65 on 05-OCT-2018.

Share Market News 18-March-2019

A Volatile Day ended with nifty above 11,450; Sensex Ends At Over Six-Month High.

Indian share market started positively on Monday morning, with Nifty opened above 11,500 level. The Sensex was up 288.20 points at 38,312.52, while Nifty was up 75.40 points at 11,502.30. All the sectoral indices compiled by NSE advanced, led by the Nifty Private Bank Indexs 1.39 percent gains. While, the NSE Nifty Phar am Index was the top sectoral loser, down 0.56 percent. The Rupee opened higher against the U.S. dollar. The home currency appreciated as much as 0.3 percent to 68.86, the highest in over seven months.

In the afternoon session, the Indian share market indices have erased some of its morning gains. The Sensex was up by 97.32 points or 0.26% at 38,121.64 and the Nifty was up by 30.20 points or 0.26% at 11,457.05. Among sector reality, energy & banks were trading in green While, Auto, Pharma & metal were in red. In a Broder Market, NSE mid-cap was down by 0.27% and smallcap indices were trading higher by 0.02%, respectively.

Nifty Update in the last hour of trade, Indian share market indices erased all its day's gain and was trading flat with Nifty slipped below 11,450 level. The last hour buying had helped Indian share market to close in the green. the Sensex was up 70.75 points at 38095.07, while Nifty was up 35.30 points at 11462.20. Among Sector compiled by NSE advanced, led by the Nifty Realty Indexs 2.8 percent gain. While, the Nifty Auto Index was the top sectoral loser, down 1.4 percent. The broader Market Update, the NSE MidCap Index was down by 0.27 percent and the NSE SmallCap Index was higher by 0.15 percent. The market failed to hold the opening momentum as profit booking emerged after the recent sharp rally. Liquidity situation is improving and the rupee continued to gain strength while domestic 10-year yield fell. Auto index dragged the most due to mixed demand and higher inventory levels. On the other hand, investors are awaiting Fed policy later in the week to get more cues about global market movement.

Top Gainers

IOC by 3.65% to Rs 163.10. ,HINDPETRO by 3.45% to Rs 286.50, BAJFINANCE by 2.77% to Rs 2,940.00,RELIANCE by 2.64% to Rs 1,356.50,AXISBANK by 2.63% to Rs 754.40.

Top Losers

MARUTI By -2.57% to Rs 6,902.00, HEROMOTOCO by -2.37% to Rs 2,671.00, WIPRO by -2.33% to Rs 257.30,BHARTIARTL by -2.32% to Rs 329.85.,EICHERMOT by -1.45% to Rs.22,285.00.

Analysis Of Top Gainer And Loser

IOC is the top gainer in today's market session, IOC has witnessed good buying interest in todays market trade, Surged nearly 4 %.

MARUTI is the top loser in today's market, The countrys largest carmaker cut production by a quarter over the March last year due to slowing demand for passenger vehicles in India,Maruti Suzuki is estimated to have cut production to about 1.26 lakh units, compared to more than 1.72 lakh units a year ago, a reduction of nearly 27 percent.

Key Market News

  • According to media sources, the Ministry of Commerce is considering a proposal to hike customs duty on raw materials (such as compressors, pre-coated steel sheet, copper tubes) used in home appliances like air conditioners, refrigerators, washing machines, and microwave ovens.
  • Indias merchandise trade deficit fell to USD9.6b in Feb19 from USD12.3b in the year-ago month and an average of USD15.7b during the last six months.
  • US Fed to review policy on March 19-20.
  • Japans exports fell for a third straight month in February, Dropped 1.2 percent year-on-year.
  • Foreign portfolio investors (FPIs) bought Rs 4,323.49 crore worth of domestic stocks on Friday, DIIs were net sellers to the tune of Rs 2,130.36 crore.

Stocks To Watch

BEML is on the upside while INFY is on the downside.

BEML is currently quoting at Rs.998.00 up by Rs 32.75 or 3.39% from its previous closing of Rs.965.25 on the NSE. The scrip opened at Rs.970.00 & has touched a high & low of Rs.1,013.45 and Rs. 969.00. respectively. So far 41,54,917(NSE) shares were traded on the counter. The current market cap of the company is Rs 4,144.25Cr. The NSE/BSE group stock has touched a 52 week high of Rs.1,198.40 on 15-MAY-2018 & a 52 week low of Rs.521.25 on 26-OCT-2018.

INFY is currently quoting at Rs. 709.50 down by Rs.-9.05 or -1.26% from its previous closing of Rs.718.55 on the NSE. The scrip opened at Rs.721.55 & has touched a high & low of Rs.723.70 and Rs.705.35 respectively. So far 80,65,544(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,10,084.91Cr. 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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