Secret Santa To Bring Wealth In Mid And Small Caps

weekly share market news and updates

Our Analysis

This week the Indian benchmark indices have shown the strength against global indices, On the back of sharp correction in oil prices and Rupee appreciation against the dollar. The interest sensitive sector was trading higher as RBI declared to buy more government bonds than earlier planned & Centre plans to infuse Rs 83,000 cr in PSBs.

Overall With a situation, the fear of slowing global economies, Decent macro data, Good value-based buying in Mid & Small Cap with FII also taking part after a long time could see some up-tick performance going forward.

This Weeks Market Highlights:

Benchmark Indices:

1) Indian equity benchmarks indices rose on Monday amid mixed cues from global markets and hopes of easing regulatory norms after new RBI chief appointment. Nifty closed at 10,888.35 up 82.90 points.

2)All the sectoral indices ended in green led by metal and energy stocks up by 2 & 1.5% followed by auto, bank, infra, and pharma space. The BSE midcap and smallcap indices rose 0.43% and 0.26%, respectively.

3)On Tuesday Indian benchmark indices declined in the opening but with a Sharp buying in last hour helped equity benchmarks Nifty 50 Index closed above 10,900 marks.

4) On Wednesday Indian benchmark indices advanced for a seventh session, buoyed by falling oil prices and RBIs additional OMO purchase announcement. The NSE Nifty 50 Index climbed 0.54 percent or 59 points closed to 10,967 Mark.

5) On Thursday Indian benchmark indices declined in the opening, halting a seven-day long winning streak, as stocks across the world fell after US Federal Reserve hinted more rate hikes ahead.

6) Benchmark indices erased most of its losses and ended at day's high with Nifty closed above 10,950 level. Among the sectors, auto, infra, and pharma ended in green, while PSU bank, metal, energy, FMCG and IT index was down between 0.20 to 1 percent.

7. On Friday, Benchmark indices opened lower as a selloff in global markets continued for a second day after the US Federal Reserves outlook on future rate hike path.

Broader Index & Global Market:

-Global stocks were sailing into Christmas on a sea of red as Federal Reserve raised borrowing costs for the fourth time this year, by 25 basis points & threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.

-Chinese blue chips lost 1.2%, in part after the United States accused Beijing of orchestrating the hacking of government agencies and companies around the world.

- This week broader market Nifty midcap & smallcap index witnessed a good buying, Among sector NBFC, banks, OMC leading the gains, while IT was the worst performer in week.

Movers & Shakers

Shares of India bull housing finance Ltd jumped more than 5 percent in a week as Reserve Bank of India said that it will buy more government bonds than earlier planned as it looks to address the financial sector's liquidity crunch & the Company is planning to raise Rs 275 crore via six-month commercial paper at 8.6 percent

Shares of Zee Entertainment plunged nearly 10 percent after global research firm Bank of America Merrill Lynch downgraded the stock to underperform The brokerage sees some near-term pressure on advertising and subscription revenues of the company and expects Jio to disrupt the media landscape in the next 12-18 months.BofAML said the cash invested in overseas funds is also another concern.

Key Market Drivers

  • November WPI inflation at 4.64% vs 5.28% in October.
  • India Trade Balance Reported -16.67B vs -17.13B MoM.
  • Eurozone Consumer Price Index (CPI) YoY recoreded 1.9% vs 2.0% .
  • The government of India is expected to release a draft gold policy report which will suggest several measures to develop gold as an asset class. With these measures gold monetization scheme is expected to revamped, As per Niti Aayog report titled Transforming Indias Gold Market in February 2018.
  • To address the financial sector's liquidity crunch, Reserve Bank of India is expected to buy more government bonds than earlier planned. It has planned to conduct two open market operation purchases in December of Rs 15,000 crore each. And post that also aims to buy government bonds worth Rs 50,000 crore in January 2019 through five auctions of Rs 10,000 crore each.
  • The National Stock Exchange of India has secured permission from the Securities and Exchange Board of India to launch weekly options on the Nifty index.
  • The Federal Reserve raised borrowing costs for the fourth time this year, by 25 basis points.
  • Saudi Arabia predicted that OPEC will extend supply cuts next year, Saudi Energy Minister Khalid Al-Falih said hes sure a production accord signed earlier this month will be extended in April.
  • Centre plans to infuse Rs 83,000 cr in PSBs.

Event Watch

The 31st Goods and Services Tax (GST) Council meeting is scheduled to be held on December 22 in Delhi.

U.S. Gross Domestic Product (GDP) QoQ.

India FX Reserves (USD)

Stocks To Watch

Mahindra & Mahindra and Banco Products (India) Ltd. is on the upside while INFY is on the downside.

Share Market News 20-December-2018

Market Snaps 7 Session Winning Streak Ends Marginally Lower

Indian benchmark indices declined today, halting a seven-day long winning streak, as stocks across the world fell after US Federal Reserve hinted more rate hikes ahead. .The Sensex is down 259.49 points or 0.71% at 36224.84, while the Nifty is down 78.90 points or 0.72% at 10888.40. Sixteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Metal Index's 1.35 percent decline. On the flipside, S&P BSE Healthcare Index was the top gainer, up 0.2 percent.

In the afternoon session, The Indian equity benchmarks were trading lower. The BSE Sensex fell 0.52 percent or -188.36 points to 36,295.97 and the NSE Nifty 50 Index dropped 0.53 percent or 58.05 points to 10,909. All sectorial gauge was trading in the red lead by Metal, Energy. The NSE midcap and smallcap indices were trading up by 0.10% and 0.41%, respectively.

In the last hour of trade, Nifty was trading around 10,920. Benchmark indices erased most of its losses and ended at day's high with Nifty closed above 10,950 level.The BSE Sensex closed 52.66 points, or 0.14%, down at 36,431.67, and the Nifty 50 ended 15.60 points, or 0.14%, lower at 10,951.70.Among the sectors, auto, infra, and pharma ended in green, while PSU bank, metal, energy, FMCG and IT index was down between 0.20 to 1 percent. The BSE midcap and smallcap indices rose 0.07% and 0.12%, respectively.

Top Gainers

YESBANK by 4.04% to Rs 186.80. , HINDPETRO by 3.45% to Rs 244.30, BPCL by 2.42% to Rs 370.50., UPL by 2.16% to Rs 772.00., HEROMOTOCO by 2.03% to Rs 3,372.30.

Top Losers

GRASIM By -3.09% to Rs 828.50, SBIN by -2.23% to Rs 294.00, BHARTIARTL by -2.12% to Rs 315.85 ,WIPRO by -2.11% to Rs.333,50 , VEDL by -1.81% to Rs.203.10.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market, Yes Bank has recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI.

GRASIM is the top loser in today's market,profit-booking was seen from a higher level in todays market.

Key Market News

  • U.S. Crude Oil Inventories recorded -0.497M
  • New Zealand Gross Domestic Product (GDP) QoQ posted 0.3% ,Forecasted 0.6%
  • The Federal Reserve raised borrowing costs for the fourth time this year, by 25 basis points, ignoring a stock-market selloff and defying pressure from President Donald Trump, while dialing back projections for interest rates and economic growth in 2019.
  • y trimming the number of rate hikes they foresee in 2019, to two from three, policy makers signaled they may soon pause their monetary tightening campaign. Officials had a median projection of one move in 2020.
  • The Dow Industrials closed at their lowest level since November 2017.
  • Saudi Arabia predicted that OPEC will extend supply cuts next year, Saudi Energy Minister Khalid Al-Falih said hes sure a production accord signed earlier this month will be extended in April.
  • Foreign institutional investors were net buyers to the tune of Rs 1209.21 crore on Wednesday, while domestic institutional investors offloaded equities worth Rs 481.46 crore.

Stocks To Watch

UPL is on the upside while WIPRO is on the downside.

UPL is currently quoting at Rs.772.00, up by Rs 16.30 or 2.16% from its previous closing of Rs.755.70 on the NSE. The scrip opened at Rs.752.00 & has touched a high & low of Rs.774.20 and Rs.746.85 respectively. So far 14,53,122(NSE) shares were traded on the counter. The current market cap of the company is Rs 39,211.75Cr. The NSE/BSE 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.

WIPRO is currently quoting at Rs.333.50 down by Rs.-7.20 or -2.11% from its previous closing of Rs.340.70 on the NSE. The scrip opened at Rs.336.25 & has touched a high & low of Rs.340.00 and Rs.332.35 respectively. So far 24,08,040(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,50,901.86Cr. 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.

Share Market News 18-December-2018


Sharp Buying In The Last Hour Helps Market To Recover Losses, Sensex Rises 77 points

Indian benchmark indices declined, halting a 5-day winning streak, amid a selloff in global markets ahead of the US Federal Reserve monetary policy decision. The Sensex was lowered by 151.23 points or 0.42% at 36118.84, while the Nifty, down by 58.40 points or 0.54% at 10830.00. Seventeen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Information Technology Index's 1 percent drop. On the flipside, S&P BSE Telecom Index was the top gainer, up 0.11 percent.

In the afternoon session, The Indian Equity benchmarks had continued to trade lower, The BSE Sensex traded -190.23 points, or -0.52%, down at 36079.84, and the Nifty 50 was down -60.15 points, or -0.55%, to 10,828.20. Among sector media, IT was trading in red, While Metal, Infra, Reality were trading in green. The NSE midcap and smallcap indices were trading up by 0.32% and 0.18%, respectively.

In the last hour of trade, The Indian equity benchmarks continue to reel under selling pressure, Nifty was trading around 10,864. Sharp buying in last hour helped equity benchmarks, S&P BSE Sensex rose 0.21 percent or 77 points to 36,347 and the NSE Nifty 50 Index climbed 0.19 percent or 20 points to 10,909. The BSE mid- and small-cap indices rose 0.21% and 0.45%, respectively. Among the sectoral indices on BSE, capital goods and power gained most at over 1%. Telecom, utilities, metal, and bank also advanced. IT and tech fell over 1%. FMCG and consumer durables also fell.

Top Gainers

SUNPHARMA by 2.80% to Rs 432.75. , BAJFINANCE by 2.37% to Rs 2,533.00, JSWSTEEL by 2.28% to Rs 306.70., VEDL by 2.09% to Rs 209.80., M&M by 2.07% to Rs 772.00.

Top Losers

ZEEL By -8.40% to Rs 459.70, UPL by -3.07% to Rs 744.50, INFY by -2.51% to Rs 677.00 ,TECHM by -1.55% to Rs.708.60 , WIPRO by -1.35% to Rs.335.00.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market, A good buying interest was seen from the lower level.

ZEEL is the top loser in today's market after Bank of America Merrill Lynch downgraded the stock to underperform and revised its target price to Rs 375

Key Market News

  • 10-year govt bond yields fall below 7.4% as crude oil declines.
  • Eurozone Consumer Price Index (CPI) YoY recoreded 1.9% vs 2.0% .
  • Foreign institutional investors were net sellers to the tune of Rs 60.95 crore on Monday while domestic institutional investors offloaded equities worth Rs 76.84 crore, according to the data available on NSE.
  • The government of India is expected to shortly release a draft gold policy report that will suggest several measures to develop gold as an asset class and revamp the gold monetization scheme on the lines suggested by a Niti Aayog report titled Transforming Indias Gold Market in February 2018.

FOMC Meetings on 18-19

Stocks To Watch

BHEL is on the upside while TECH is on the downside.

BHEL is currently quoting at Rs.70.00, up by Rs 2.30 or 3.40% from its previous closing of Rs.67.70 on the NSE. The scrip opened at Rs.67.65 & has touched a high & low of Rs.70.15 and Rs.67.30 respectively. So far 1,70,72,720(NSE) shares were traded on the counter. The current market cap of the company is Rs 25,644.73Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 107.95 on 23-JAN-2018 & a 52 week low of Rs.61.70 on 11-DEC-2018.

TECHM is currently quoting at Rs.708.60 down by Rs.-11.15 or -1.55% from its previous closing of Rs.719.75 on the NSE. The scrip opened at Rs.715.00 & has touched a high & low of Rs.716.55 and Rs.704.20 respectively. So far 19,05,592(NSE) shares were traded on the counter. The current market cap of the company is Rs.69,502.87Cr. The BSE/NSE group stock has touched a 52 week high of Rs.780.80 on 03-OCT-2018 & a 52 week low of Rs 485.30 on 21-DEC-2017.

Share Market News 17-December-2018

Sensex, Nifty extends winning streak for Fifth Straight Day Led By HDFC Twins, RIL

Indian equity benchmarks indices rose on Monday amid mixed cues from global markets and hopes of easing regulatory norms after new RBI chief appointment. The Sensex is up 179.58 points or 0.50% at 36142.51, while the Nifty is higher by 46.30 points or 0.43% at 10851.80. All sectoral indices are trading in the green, with metals, energy and pharmaceutical indices leading the top gainers chart. The Nifty Midcap index is up around one-third of a percent.

In the afternoon session, The Indian equity benchmarks were trading higher, The BSE Sensex traded 270.03 points, or 0.75%, up at 36232.96, and the Nifty 50 was up 60.90 points, or 0.56%, to 10,866.35. The NSE midcap and smallcap indices were trading up by 0.26% and 0.23%, respectively. Fifteen of 19 sector gauges compiled by BSE were trading higher led by the Power Index's 1.24 percent gain. On the flip side, the S&P BSE Consumer Durables Index's 0.4 percent decline.

In the last hour of trade, The Indian equity benchmarks held on to gains, Nifty was trading around 10,864. Indian benchmark indices advanced for the fifth session in a row, The BSE Sensex surged 307.14 points to settle at 36,270.07 Nifty Index reclaimed the 10,900-level, but ended 82.90 points up at 10,888.35. All the sectoral indices ended in green led by metal and energy stocks up by 2 & 1.5% followed by auto, bank, infra, and pharma space. The BSE midcap and smallcap indices rose 0.43% and 0.26%, respectively.

Top Gainers

TATAMOTORS by 4.46% to Rs 174.40. , POWERGRID by 3.66% to Rs 192.50, HDFC by 3.04% to Rs 1,961.95., COALINDIA by 2.37% to Rs 253.00., JSWSTEEL by 2.25% to Rs 299.70.

Top Losers

KOTAKBANK By -2.82% to Rs 1,220.50, INFY by -1.85% to Rs 693.00, BHARTIARTL by -1.75% to Rs 313.65 ,BAJAJFINSV by -1.54% to Rs.6,082.80 , IBULHSGFIN by -1.46% to Rs.781.30.

Analysis Of Top Gainer And Loser

TATAMOTORS is the top gainer in today's market, the company rose as much as 4.46 percent as Jaguar Land Rover will announce plans early next year to cut thousands of jobs as part of a turnaround strategy.

KOTAKBANK is the top loser in today's market, Shares of the Uday Kotak-led private sector lender fell after the Bombay High Court denied relief in founder stake matter. The Bombay High Court denied an interim stay on RBI's Aug. 13 letter that asked Kotak Mahindra Bank to reduce its promoter holding as a percentage of paid-up voting equity capital by Dec. 31.

Key Market News

  • November WPI inflation at 4.64% vs 5.28% in October.
  • India Trade Balance Reported -16.67B vs -17.13B MoM.
  • Foreign institutional investors were net buyers on Friday to the tune of Rs 861.94 crore while DIIs sold equities worth Rs 302.52 crore.
  • China temporarily lifts retaliatory tariffs on the US.
  • The 31st Goods and Services Tax (GST) Council meeting is scheduled to be held on December 22 in Delhi.

Stocks To Watch

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

WIPRO is currently quoting at Rs.338.70, up by Rs 5.60 or 1.68% from its previous closing of Rs.333.10 on the NSE. The scrip opened at Rs.335.95 & has touched a high & low of Rs.341.75 and Rs.334.40 respectively. So far 34,35,697(NSE) shares were traded on the counter. The current market cap of the company is Rs 1,53,729.43Cr. The NSE/BSE 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.

AXISBANK is currently quoting at Rs.616.50 down by Rs.-3.75 or -0.60% from its previous closing of Rs.620.25 on the NSE. The scrip opened at Rs.622.55 & has touched a high & low of Rs.624.50 and Rs.616.15 respectively. So far 48,43,342(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,58,625.60Cr. The BSE/NSE group stock has touched a 52 week high of Rs.677.95 on 10-SEP-2018 & a 52 week low of Rs 481.25 on 27-APR-2018.

To Read Our Latest Share Market Analysis, Nifty & Sensex updates CLICK HERE...

SUBSCRIBE TO OUR NEWSLETTER

Join Our Nvestor community and get investing insight, stock tips, news & analysis directly deliver to your mailbox.

 

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.

LEAVE A COMMENT

RECOMMENDED READING

Time To Go For Value Over Momentum, Market To Remain Rangebound

Our Analysis Indian share market since the budget announcement has been in the trap of the bears, albeit the budget was more convincing for long term vision rather than a short term act
Read More>>

Share Market News: Today’s Nifty & Sensex Updates

Share Market News 11-July-2019
Read More>>

A Series Of Macro-Events To Guide Nifty, Either 12000+ or 11500

Our Analysis Once again bouncing from the 50-EMA, the benchmark indices posted a decent gain on the derivatives expiry week. However, the Jun series was seen a 'time-wise correction' a
Read More>>

Tiding Volatility Patiently Could Lead To Higher Returns

Our Analysis This week market witnessed a bidirectional run where bears dominated most of the trading sessions. Lofty market valuations, substandard monsoon expectations, NBFC’s liquidi
Read More>>