Positive Earnings To Lead Markets In Green Zone

weekly share market news and updates

Our Analysis

This week market was on the positive side following the global sentiment amid the improvement in US-China trade talk, Markets focus has now shifted to Q3 FY19 results started with Induslnd & TCS. The Lower crude oil and commodities prices may benefit many companies financial performance while OMC's might face the tailwind, With stable rupee may give some cushion to IT and pharma sector.

However, The rupee might come under pressure as crude oil prices are rising once again in the international market. Further, now focus would shift to India's macroeconomic data. CPI is expected to remain benign. Hence, there is a chance of interest rate cut by the RBI. But political risk is rising for the market. The Budget is expected to be populist after the BJP's debacle in state elections last month. This might put pressure on the fiscal arithmetic. As of now, Globally tension has also been eased somewhat between US and China. As the earning session starts, The company's true and fair picture will revel and then one can find a better opportunity to pick a stock.

This Weeks Market Highlights:

Benchmark Indices:

1) The Indian Equity benchmarks have ended the day on a positive note, while the Nifty was higher by 44.40 points at 10771.80.

2) Eight out of 11 sectors in NSE advanced, led by the Realty Index's 1.19 percent gain. While, the NSE Pharma Index was the top sectoral loser, down 0.58 percent.

3) On Tuesday, Indian Equity benchmarks bounced from days low & rose for the third day in a row, the Sensex was up 130.77 points 35980.93, and the Nifty at 10802.20.

4) On Wednesday, The Indian Equity benchmarks soar for the fourth day in a row, the Sensex closed at 36,212.91, and the Nifty 50 ended 53 points, or 0.49%, higher at 10,855.15.

5) Thirteen of 19 sectors ended higher led by the FMCG Indexs 1.11 percent gain. While, Oil & Gas Index was a top loser, down 1.74 percent.

6) On Thursday, Indian equity benchmarks ended negative, the Sensex was down 106.41 points or 0.29% at 36106.50, and the Nifty at 10821.60.

7) It was a flat start to the market on Friday morning, with the Nifty holding 10,800-mark.

Broader Index & Global Market:

- Wall Street rallied for a Fifth straight day in row driven by Apple, chip makers and other trade-sensitive stocks after signs of progress in trade talks between the United States and China & over a comments by Federal Reserve Chairman Jerome Powell, Asian stocks also rallied following gains in the U.S. President Donald Trump is also eager to strike a deal to boost financial markets that have been roiled by the trade war. according to people familiar.

- This week broader market Nifty midcap & smallcap index was standing tall with benchmark indices, Stock specific buying was witnessed in mid & small cap index.

Movers & Shakers

Shares of Tata Motors jumped more than 7 percent a week after The sales of JLR in the US have increased by 24 percent at 14,079 units compared to 11,394 same periods last year. Sales of Land Rover in the US market have increased by 33 percent on yearly basis to 10,617 units against 7,980 units in the same period last year. Jaguar Land Rover (JLR) is also set to announce substantial job cuts in the thousands, to cut costs and improve cash flows by 2.5 billion pounds including reducing employment costs and employment levels.

Shares of the Gruh Finance plunged more than 20 percent, in a weak after Bandhan Bank on January 7, 2019, announced amalgamation of Gruh Finance with the bank through a share swap ratio. As per the proposed merger involving 100% share swap, 568 shares of Bandhan Bank will be issued for every 1000 shares of Gruh. Post the merger, HDFC Ltd, the promoter of Gruh, will hold around 15% in Bandhan Bank while Bandhan Financial Holdings (BFHL), the promoter of Bandhan Bank, the stake would come down to 61% from the current 82.3%. The deal is subject to regulatory and shareholder approval.

Key Market Drivers

  • The Reserve Bank of India (RBI), In the rule of new governor Shaktikanta Das is planning to transfer an interim dividend of up to Rs 30,000 crore to Rs 40,000 crore ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.
  • Federal Reserve Chairman Jerome Powell hinted in a pause of interest rate hikes.
  • The Union Cabinet has approved 10 percent reservation in jobs and educational institutions for the economically backward section in the general category, The reservation will be given to those economically backward poor people who are not availing the benefit of reservation as of now.
  • Gross domestic product (GDP) is forecast to grow 7.2 percent, up from 6.7 percent last year, according to the first, full-fiscal-year estimate released by the Central Statistics Office (CSO). Gross value added (GVA) growth is seen at 7 percent Vs 6.5 percent last year, according to the data released on Monday.
  • Government announces loans worth Rs 6139 Cr for ethanol production.
  • Mutual funds Asset Under Management falls by 5% to Rs 22.85 lakh crore in December.
  • The government announced a 25 percent hike in the rates it pays to print media outlets for carrying its advertisements ahead of crucial general assembly elections this year. The decision takes place with effect from today and will be valid for a period of three years.
  • China plans to give domestic consumption a lift by introducing policies to boost domestic spending on items such as autos and home appliances this year.
  • The Reserve Bank of India established a high-level committee under Aadhaar architect Nandan Nilekani to propose measures to strengthen the safety and security of digital payments in the country. The five-member panel has been constituted to encourage digitization of payments and boost financial inclusion through digitization, the RBI said in a statement.The committee shall submit its report within a period of 90 days from the date of its first meeting,
  • RBI Assures Liquidity Support To Non-Bank Lenders When Required in a meeting held with NBFCs
  • World Bank cuts global growth outlook as trade expansion stumble.
  • The Budget session of Parliament is likely to be held from Jan. 31 to Feb. 13 and the interim Budget is expected to be presented on Feb. 1, The Budget session, which normally happens in two phases, is likely to be held in a single phase as the general elections are due in April-May this year.
  • Bank of Japan Governor Haruhiko Kuroda told on Thursday that the countrys economy was expected to continue expanding moderately. He also said Japans financial system remained stable.
  • Chinas commerce ministry given a statement on Thursday that trade talks with the United States this week were extensive and detailed, and established a foundation for the resolution of each others concerns.

Event Watch

  • India Consumer Price Index (CPI) YoY
  • India Wholesale Price Index (WPI) Inflation YoY
  • U.K. Consumer Price Index (CPI) YoY
  • India Manufacturing Output MoM
  • India Industrial Production YoY
  • U.K. Gross Domestic Product (GDP) MoM
  • UK Parliament Vote on Brexit deal.
  • Earning to watch: ZEEL, Reliance Industries

Stocks To Watch

Adani transmission & Axis bank is on the upside while JK Lakshmi cement is on the downside.

Share Market News 10-January-2019

Sensex Ends 106 Points Lower, Nifty manages to hold 10,800

Indian equity benchmarks opened flat on Thursday morning, with TCS reporting its results later today. The Sensex is down 49.87 points or 0.14% at 36163.04, and the Nifty down 20.30 points or 0.19% at 10834.90. Six of 11 sectors compiled NSE was trading lower led by the Private Bank Index's 0.41 percent decline. While, Nifty Auto Index was the top gainer, up 0.31 percent. The Nifty Midcap index was trading flat respectively.

In the afternoon session, Indian equity benchmarks were trading lower. The BSE Sensex down by 0.21 percent or 77.80 points to 36,135.11 and the NSE Nifty 50 Index declined by 0.29 percent or 31.15 points to 10,824.00. Among sector Auto, media, the reality was trading in Green, While Niftybank, energy, pharma was in red. The broader markets, the NSE midcap was up by 0.35 % and smallcap indices were trading higher by 0.12%, respectively.

In the last hour of trade, Nifty was hovering around 10800. Indian equity benchmarks ended negative, the Sensex was down 106.41 points or 0.29% at 36106.50, and the Nifty down 33.60 points or 0.31% at 10821.60. Among the sector indices on BSE, consumer durables, health care, and capital goods grew most, on the flip side oil and gas, banks, energy, and finance led losses. The BSE midcap and smallcap indices rose 0.5% and 0.2%, respectively.

Top Gainers

TITAN by 1.58% to Rs 968.00. , TATAMOTORS by 1.34% to Rs 185.50, EICHERMOT by 1.18% to Rs 20,530.00., BAJAJ-AUTO by 1.00% to Rs 2,724.00., HTPC by 0.99% to Rs 148.00.

Top Losers

HINDPETRO By -2.76% to Rs 232.40,INDUSINDBK by 2.42% to Rs 1,563.00, GRASIM by -1.95% to Rs 819.00 ,INFRATEL by -1.84% to Rs.285.00 ,MARUTI by -1.68% to Rs.7,367.00.

Analysis Of Top Gainer And Loser

TITAN is the top gainer in today's market, Titan Co. Ltds pre-quarterly update for the December quarter brought cheers for investors. The company said there was good growth momentum across all its businesses in the seasonally strong third quarter. The company said it expects the full-year growth in its jewelry business to be around 22%. This assumes 29% sales growth in the second half of 2018-19.

HINDPETRO is the top loser in today's market, company witnesses a selling pressure, surged nearly 3% in a day amid crude oil posted the gains.

Key Market News

  • The Budget session of Parliament is likely to be held from Jan. 31 to Feb. 13 and the interim Budget is expected to be presented on Feb. 1, The Budget session, which normally happens in two phases, is likely to be held in a single phase as the general elections are due in April-May this year.
  • Bank of Japan Governor Haruhiko Kuroda told on Thursday that the countrys economy was expected to continue expanding moderately. He also said Japans financial system remained stable.
  • Federal Reserve policymakers have indicated that they may be open to modifying a longstanding plan to shrink the central banks balance sheet, including by discarding housing-backed bonds earlier than anticipated or keeping a bigger-than-expected portfolio of assets.
  • Chinas commerce ministry given a statement on Thursday that trade talks with the United States this week were extensive and detailed, and established a foundation for the resolution of each others concerns.

Stocks To Watch

TITAN is on the upside while INFRATEL is on the downside.

TITAN is currently quoting at Rs.968.00 up by Rs 15.05 or 1.58% from its previous closing of Rs.952.95 on the NSE. The scrip opened at Rs.950.40 & has touched a high & low of Rs.969.40 and Rs.948.55 respectively. So far 24,50,895(NSE) shares were traded on the counter. The current market cap of the company is Rs 85,715.75Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 999.70 on 18-APR-2018 & a 52 week low of Rs.732.30 on 09-OCT-2018.

INFRATEL is currently quoting at Rs.285.00 down by Rs.-5.35 or -1.84% from its previous closing of Rs.290.35 on the NSE. The scrip opened at Rs.290.10 & has touched a high & low of Rs.290.40 and Rs.281.60 respectively. So far 36,72,383(NSE) shares were traded on the counter. The current market cap of the company is Rs.52,797.07 Cr. The BSE/NSE group stock has touched a 52 week high of Rs 378.50 on 15-JAN-2018 & a 52 week low of Rs 242.25 on 04-OCT-2018.

Share Market News 09-January-2019

Last hour Rally helps Sensex To Clock Longest Winning Streak In Last Three Weeks

Indian equity benchmarks rose sharply on Wednesday morning, following gains in Asian shares, supported by growing hopes on the progress of trade talks between Washington and Beijing. The Sensex is up 210.98 points or 0.59% at 36191.91, and the Nifty up 54.10 points or 0.50% at 10856.30. All sector gauges compiled by NSE were trading higher led by Banks, automobiles, and pharmaceutical. Mid- and small-cap shares were also witnessing buying interest MidCap Index rose 0.5 percent and the SmallCap Index advanced by 0.4 percent.

In the afternoon session, Indian equity benchmarks continued to trade higher. The BSE Sensex up by 0.46 percent or 165.30 points to 36,146.23 and the NSE Nifty 50 Index rose by 0.32 percent or 34.40 points to 10,836.55. Among sector Auto, IT, FMCG, Nifty Bank was trading in Green, While Infra, reality, metal was in red. The broader markets, the NSE midcap was down by 0.13 % and smallcap indices were trading lower by 0.04%, respectively.

In the last hour of trade, Indian equity benchmarks witnessed a selling pressure at days high, Nifty was trading lower at 10790. The Indian Equity benchmarks soar for the fourth day in a row, the Sensex closed 231.98 points, or 0.64%, up at 36,212.91, and the Nifty 50 ended 53 points, or 0.49%, higher at 10,855.15. Thirteen of 19 sectors ended higher led by the FMCG Indexs 1.11 percent gain. While, Oil & Gas Index was a top loser, down 1.74 percent. the BSE midcap and smallcap indices were down 0.04% and 0.17%, respectively.

Top Gainers

AXISBANK by 3.12% to Rs 671.20. , ITC by 2.55% to Rs 291.50, TATAMOTORS by 2.00% to Rs 183.55., UPL by 1.70% to Rs 765.00., HDFC by 1.65% to Rs 1,991.30.

Top Losers

HINDPETRO By -3.95% to Rs 238.15, GAIL by 3.84% to Rs 341.00, BPCL by -3.40% to Rs 340.00 ,YESBANK by -3.02% to Rs.186.55 ,ULTRACEMCO by -2.71% to Rs.3,810.10.

Analysis Of Top Gainer And Loser

AXISBANK is the top gainer in today's market, Axis Bank, under the new leadership of Amitabh Chaudhry, has begun the process of muscle its top deck by bringing in Yes Banks veteran retail banker Pralay Mondal and rearrange the portfolios of the existing staff.

HINDPETRO is the top loser in today's market, company witnesses a selling pressure, surged nearly 4% in a day amid crude oil posted the strongest rally.

Key Market News

  • The government announced a 25 percent hike in the rates it pays to print media outlets for carrying its advertisements ahead of crucial general assembly elections this year. The decision takes place with effect from today and will be valid for a period of three years.
  • Mutual Fund flows into equity-focused funds touched lowest in 30 months. Raised uncertainty in the stock market ahead of LokSabha elections later this year.
  • China plans to give domestic consumption a lift by introducing policies to boost domestic spending on items such as autos and home appliances this year.
  • RBI Assures Liquidity Support To Non-Bank Lenders When Required in a meeting held today with NBFCs
  • World Bank cuts global growth outlook as trade expansion stumble.

Stocks To Watch

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

AUROPHARMA is currently quoting at Rs.756.85 up by Rs 10.30 or 1.38% from its previous closing of Rs.746.55 on the NSE. The scrip opened at Rs.749.00 & has touched a high & low of Rs.759.00 and Rs.742.40 respectively. So far 29,96,748(NSE) shares were traded on the counter. The current market cap of the company is Rs 44,309.26Cr. The NSE/BSE group 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.

TATASTEEL is currently quoting at Rs.479.20 down by Rs.-12.15 or -2.47% from its previous closing of Rs.491.35 on the NSE. The scrip opened at Rs.488.95 & has touched a high & low of Rs.497.30 and Rs.475.25 respectively. So far 1,26,96,660(NSE) shares were traded on the counter. The current market cap of the company is Rs.54,928.63 Cr. The BSE/NSE group stock has touched a 52 week high of Rs 748.11 on 15-JAN-2018 & a 52 week low of Rs 475.25 on 09-JAN-2019.

Share Market News 08-January-2019


Banking And Telecom Stocks Turns Market Green, Sensex Up by 130 points

Indian equity benchmarks started flat on Tuesday morning, The Sensex is up 51.33 points or 0.14% at 35901.49, and the Nifty down 9.60 points or 0.09% at 10762.20. The market breadth was inclining in favor of sellers. Nine out of 11 sectors compiled by NSE fell, led by the Financial Services Indexs 0.49% decline. While, the Pharma Index was the top sectoral gainer, up 0.33 percent.

In the afternoon session, Indian equity benchmarks traded lower after a two-day rally. The BSE Sensex down by 0.05 percent or 16.15 points to 35,834.01 and the NSE Nifty 50 Index fell by 0.14 percent or 14.20 points to 10,756.90. Among sector Auto, pharma, Reality was trading in Green, While Energy, FMCG, IT was in red. The broader markets, the NSE midcap was down by 0.24 % and smallcap indices were trading lower by 0.11%, respectively.

In the last hour of trade, Nifty was Floating around 10800 Mark. The Indian Equity benchmarks bounced from days low & rose for the third day in a row, the Sensex was up 130.77 points or 0.36% at 35980.93, and the Nifty up 30.40 points or 0.28% at 10802.20. Among the sector indices, telecom and bank gained most at 1.3%. Pharma, metal also posted gains. On the other hand, capital goods, power, and realty fell. The midcap was down 0.16%, while the smallcap rose 0.17%.

Top Gainers

SUNPHARMA by 4.18% to Rs 448.80. , ICICIBANK by 3.35% to Rs 380.00, SBIN by 3.10% to Rs 305.50., TATAMOTORS by 2.71% to Rs 180.10., YESBANK by 2.46% to Rs 191.75.

Top Losers

ZEEL By -2.97% to Rs 449.20, UPL by 1.67% to Rs 751.00, KOTAKBANK by -1.49% to Rs 1,228.00 ,BPCL by -1.42% to Rs.350.50 , NTPC by -1.31% to Rs.146.65.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market, the Share price of Sun Pharmaceutical Industries gained more than 4 percent intraday Tuesday after brokerage house CLSA has maintained the buy on Sun Pharma.

ZEEL is the top loser in today's market, company witnesses selling pressure as lawsuits assert intellectual property rights, concentrating on allegations of the idea and format theft.1 "Zee Entertainment Enterprises Limited v. Sony Pictures Networks India Private limited and Ors

Key Market News

  • Foreign portfolio investors (FPIs) bought Rs 736.18 crore worth of domestic stocks on Monday. DIIs were net sellers to the tune of Rs 142 crore,
  • Gross domestic product (GDP) is forecast to grow 7.2 percent, up from 6.7 percent last year, according to the first, full-fiscal-year estimate released by the Central Statistics Office (CSO). Gross value added (GVA) growth is seen at 7 percent Vs 6.5 percent last year, according to the data released on Monday.
  • Government announces loans worth Rs 6139 Cr for ethanol production.
  • U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) posted 57.6, forecasted 59.6.
  • Germany Retail Sales MoM Reported 1.4%, forecasted 0.4%,
    Mutual funds Asset Under Management falls by 5% to Rs 22.85 lakh crore in December.

Stocks To Watch

BHARTI INFRATEL is on the upside while UPLL is on the downside.

BHARTI INFRATEL is currently quoting at Rs.297.15 up by Rs 3.40 or 1.16% from its previous closing of Rs.293.75 on the NSE. The scrip opened at Rs.292.70 & has touched a high & low of Rs.300.40 and Rs.290.00 respectively. So far 46,48,636(NSE) shares were traded on the counter. The current market cap of the company is Rs 54,517.20Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 378.50 on 15-JAN-2018 & a 52 week low of Rs.242.25on 04-OCT-2018.

UPLL is currently quoting at Rs.751.00 down by Rs.-12.75 or -1.67% from its previous closing of Rs.763.75 on the NSE. The scrip opened at Rs.763.50 & has touched a high & low of Rs.765.00 and Rs.748.00 respectively. So far 9,81,440(NSE) shares were traded on the counter. The current market cap of the company is Rs.38,315.30Cr. The BSE/NSE group stock has touched a 52 week high of Rs 828.50 on 24-JAN-2018 & a 52 week low of Rs 537.25 on 19-JUL-2018.

Share Market News 07-January-2019

Markets Move Ahead For the Second Day, Positive Global Cues Remains Key Driver

Indian equity benchmarks strengthened for the second day, as December-quarter corporate earnings season begins this week. The Sensex is up 266.96 points or 0.75% at 35962.06, while the Nifty is higher by 87.90 points or 0.82% at 10815.30. All sectors are trading in the green, with maximum buying was seen in metals, auto, consumption, as well as financials. The Nifty Midcap index is up around 0.70 percent. The market breadth was inclining in favor of buyers.

In the afternoon session, the Indian benchmark indices continued to trade higher. The BSE Sensex up by 0.74 percent or 262.51 points to 35,957.61 and the NSE Nifty 50 Index soar by 0.67 percent or 71.60 points to 10,798.95. Among sector Energy, Reality, IT, Metal were trading in Green, While Pharma was in red. The broader markets, the NSE midcap was up by 0.32 % and smallcap indices were trading higher by 0.47%, respectively.

In the last hour of trade, Nifty was hovering around 10800 Mark. The Indian Equity benchmarks have ended the day on a positive note, the Sensex was up 155.06 points or 0.43% at 35850.16, while the Nifty was higher by 44.40 points or 0.41% at 10771.80. Eight out of 11 sectors in NSE advanced, led by the Realty Index's 1.19 percent gain. While, the NSE Pharma Index was the top sectoral loser, down 0.58 percent. The BSE midcap and smallcap indices posted marginal gains and were up 0.03% and 0.06%, respectively.

Top Gainers

AXISBANK by 2.86% to Rs 637.30. , INFRATEL by 2.79% to Rs 293.00, TATAMOTORS by 2.40% to Rs 175.05., TITAN by 2.11% to Rs 948.00., GRASIM by 1.95% to Rs 821.85.

Top Losers

IBULHSGFIN By -4.56% to Rs 791.95, BAJAJ-AUTO by 2.92% to Rs 2,654.35, DRREDDY by -1.43% to Rs 2,562.90 ,YESBANK by -1.42% to Rs.186.95 , EICHERMOT by -1.37% to Rs.19,828.00.

Analysis Of Top Gainer And Loser

AXISBANK is the top gainer in today's market, Axis Bank, under the new leadership of Amitabh Chaudhry, has begun the process of muscle its top deck by bringing in Yes Banks veteran retail banker Pralay Mondal and rearrange the portfolios of the existing staff.

IBULHSGFIN is the top loser in today's market, company witnesses selling pressure from a higher level in todays market.

Key Market News

  • The Reserve Bank of India (RBI), In the rule of new governor Shaktikanta Das is planning to transfer an interim dividend of up to Rs 30,000 crore to Rs 40,000 crore ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.
  • India FX Reserves (USD) recorded 393.40B. India Deposit Growth, posted 9.2%.
  • India Bank Loan Growth has been recorded at 15.1%.
  • US President Donald Trump told on Sunday that the talks with China were going very well and that weakness in the Chinese economy gave Beijing a cause to work toward a deal, U.S. officials are meeting in Beijing this week for the first face-to-face talks since Trump and Chinas President Xi Jinping in December agreed to a 90-day truce in a trade war.
  • On Friday, Federal Reserve Chairman Jerome Powell hinted in a pause of interest rate hikes.
  • FY2019 Direct tax collection, Gross collection Rs 8.74 lakh Cr; Up 14.1% YoY . Refund Rs 1.30 Lakh Cr; up 17.1% YoY. Net collection after ( after adjusting for refund) Rs 7.43 Lakh crore, up 13.6% YoY.
  • The Union Cabinet has approved 10 percent reservation in jobs and educational institutions for the economically backward section in the general category, The reservation will be given to those economically backward poor people who are not availing the benefit of reservation as of now.

Stocks To Watch

BHARTI INFRATEL is on the upside while WIPRO is on the downside.

BHARTI INFRATEL is currently quoting at Rs.293.00 up by Rs 7.95 or 2.79% from its previous closing of Rs.285.05 on the NSE. The scrip opened at Rs.287.50 & has touched a high & low of Rs.295.15 and Rs.285.10 respectively. So far 54,53,037(NSE) shares were traded on the counter. The current market cap of the company is Rs 54,517.20Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 381.80 on 04-JAN-2018 & a 52 week low of Rs.242.25on 04-OCT-2018.

WIPRO is currently quoting at Rs.323.95 down by Rs.-0.50 or -0.15% from its previous closing of Rs.324.45 on the NSE. The scrip opened at Rs.326.10 & has touched a high & low of Rs.326.75 and Rs.322.30 respectively. So far 19,03,604(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,46,701.22Cr. The BSE/NSE group stock has touched a 52 week high of Rs 343.95 on 13-DEC-2018 & a 52 week low of Rs 253.50 on 06-JUN-2018.

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