Share Market News: Today’s Nifty & Sensex Updates

Analysis of Latest Share/Stock Market (BSE/NSE) News and Updates

Share Market News 08-August-2019

Nifty ends above 11K, on possible roll-back of a higher tax on FPIs

D-street had a positive start on the back of mixed global cues, coupled with the above-average monsoon for a second straight week. The benchmark indices, Sensex grew by 173.11 points at 36863.61, while Nifty rose by 47.20 points at 10902.70. Among sector compiled by NSE traded higher, led by the NSE Nifty IT Indexs 1.05 percent gain. On the flip side, the NSE Nifty Metal Index was the top sectoral loser, down 1.15 percent.

In the afternoon session, the Indian benchmark indices were holding its morning gains. Reliance, which has witnessed a sharp fall in foregoing sessions was trading in green. The Sensex was trading at 36,826.77 up 136.27 & Nifty at 10,888.00, the contribution was coming from IT & FMCG pack, while Bank was trading weak. On the other hand, the broader market was trading mixed with Mid-cap losing 0.24, while Small-cap gaining 0.13 percent respectively.

Indian benchmark indices clocked their biggest intraday gains since the announcement of exit polls. The bulls which were slaughtered from the past couple of weeks, took the charge of d-street, following media reports suggested that the government is likely to roll-back recently impose a higher tax on foreign portfolio investors (FPIs). There was no stopping for the euphoria which was spread across all the segments. The two heavyweight, HDFCBK & RELIANCE were the top contributor among frontline indices, closing Sensex up by 636.86 points at 37,327.36, and the Nifty grew by 177 points at 11,032.50. The auto was the top-performing sector, besides that all other sectors also closed in green, posting a minimum gain of 1 percent. The broader market followed the benchmark indices, gaining 0.70 & 1.00 percent in Mid & Small -Cap.

Top Gainers

HCLTECH by 6.67% to Rs 1,090.90, TATAMOTORS by 5.62% to Rs 124.00, JSWSTEEL by 4.99% to Rs 222.85, RELIANCE by 4.26% to Rs 1,156.65, BPCL by 3.93% to Rs 344.10.

Top Losers

TATASTEEL By -4.03% to Rs 366.50, CIPLA by -2.78% to Rs 503.90, ULTRACEMCO by -2.28% to Rs 4,242.60, IBULHSGFIN by -0.99% to Rs 441.00.

Analysis Of Top Gainer And Loser

HCLTECH is the top gainer in today's market session, After posting the strong Q1 result, the stock witnessed a healthy buying interest in todays trade.

TATASTEEL is the top loser in today's market, after posting the weak Q1 result investor dump the stock in todays trade.

Key Market News

  • India's monsoon rains above-average for the second straight week: IMD
  • Donald Trump: Fed 'must cut rates bigger and faster.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 383.66 crore on Wednesday, DIIs were net buyers to the tune of Rs 532 crore.

Stocks To Watch

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

AUROPHARMA is currently quoting at Rs.599.65 up by Rs 44.95 or 8.10% from its previous closing of Rs. 554.70 on the NSE. The NSE stock has touched a 52 week high of Rs. 838.00 on 30-APR-2019 & a 52 week low of Rs. 536.60 on 05-AUG-2019. The Company has posted a strong Q1 result, resulting in healthy buying interest with heavy volume. The stock is likely to remain bullish in the coming days.

ESSELPACK is currently quoting at Rs.124.00 down by Rs. -6.30 or -4.83% from its previous closing of Rs.130.30 on the NSE. The NSE stock has touched a 52 week high of Rs 138.40 on 26-APR-2019 & a 52 week low of Rs 84.70 on 27-NOV-2018. The stock on the daily chart has given a negative crossover in the ichimoku cloud indicator indicating a bearishness in the stock.

Share Market News 07-August-2019

Nifty ends below 10,900, Sensex falls 286 pts post rate cut

Indian share market had a flat opening ahead of the RBI Monetary policy outcome. the Sensex grew by 34.75 points at 37,011.60, while Nifty was up 1.90 points at 10,950.20. Among sectors, except metal, all other indices were trading with marginal gains. In the broader market, midcap and smallcap had a positive start.

Indian share market was trading flat with an increase in volatility amid the cuts in the repo rate by 35 basis points to 5.4 percent. Sensex was trading at 36959.15 down 17.70 points, While Nifty at 10933.40. Among sectors except for auto & metal, all other sectors were trading lower. The broader market was holding the gains, with small & mid-cap up by 0.61 & 0.81 percent.

The Reserve Bank of Indias decision to cut rates by 35 basis points is a positive decision. Downside risk to the lowered GDP forecast of 6.9% in FY20 due to growth headwinds in the global economy and slowdown in domestic consumption halted investors sentiment. However, the balancing act of RBI by adding liquidity to NBFC, Agri, and MSME will set the wheels of the economy for a revival in H2FY20. Though the last hour selling has pulled the indices to the day's low level, the Sensex closed at 36,690.50 down 286.35 points, while Nifty fall by 92.80 points at 10,855.50. Among sectors, Except IT and pharma, all other sectoral indices ended in the red led by bank, metal, auto, energy, and infra. The midcap and smallcap index also ended with the loss of 0.75 & 0.58 percent.

Top Gainers

ZEEL by 321.50% to Rs 2.90,CIPLA by 2.76% to Rs 513.95, YESBANK by 1.99% to Rs 87.05, HINDUNILVR by 1.89% to Rs 1,777.00, HEROMOTOCO by 1.29% to Rs 2,500.50.

Top Losers

IBULHSGFIN By -13.40% to Rs 445.15, M&M by -5.92% to Rs 516.90, TATASTEEL by -5.88% to Rs 378.00, TATAMOTORS by -4.33% to Rs 117.20, BPCL by -4.27% to Rs. 330.55.

Analysis Of Top Gainer And Loser

ZEEL is the top gainer in today's market session, After the continuous fall in last 7 day, the stock a breather in todays trade and was up by 2.90 percent.

IBULHSGFIN is the top loser in today's market, after posting the weak Q1 result investor dump the stock in todays trade..

Key Market News

  • Oil prices sink as the US-China trade conflict stokes demand concerns.
  • NSE IFSC-SGX Connect gets regulatory acceptance, intends to start by end 2020
  • Sebi mulls tighter measures to assure full acknowledgment on loan defaults with rating agencies
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 2,108 crore on Tuesday, DIIs were net buyers to the tune of Rs 2,289 crore.

Stocks To Watch

LUPIN is on the upside while RELIANCE is on the downside.

LUPIN is currently quoting at Rs.776.90 up by Rs 26.05 or 3.47% from its previous closing of Rs. 750.85 on the NSE. The NSE stock has touched a 52 week high of Rs. 986.10 on 10-SEP-2018 & a 52 week low of Rs. 697.20 on 19-JUN-2019. The Company has posted a strong Q1 result, resulting in a strong buying interest.

RELIANCE is currently quoting at Rs.1,104.40 down by Rs. -23.90 or -2.12% from its previous closing of Rs.1,128.30 on the NSE. The NSE stock has touched a 52 week high of Rs 1,417.50 on 03-MAY-2019 & a 52 week low of Rs 1,016.40 on 25-OCT-2018. The stock after a trendline breakdown is continuously trading in a downtrend and also likely to remain so.

Share Market News 06-August-2019

Nifty Rebound From Over Five-Month Low; ahead of RBI policy decision

Wall Street collapsed on Monday behind a fall in Chinas yuan currency and US President Trumps promise to impose additional tariffs on Chinese goods stoked an escalation of the US-China trade war. Tracking the same, Indian markets started on a flat note. the Sensex was up 41.29 points at 36741.13, while Nifty grew by 18.90 points at 10881.50. Among sectors, except FMCG other indices are trading with marginal gains led by the PSU bank, auto, infra, metal, IT and energy.

After the flat start in early trade, Indian benchmark indices gain the strength and were trading higher in the afternoon session. The Sensex was at 36,855.35 up 155.51 points and nifty at 10,908.80. Among sector, Except media, all other sectors were in the green. The momentum was higher in the broader market, with mid & small-cap trading with the gains of 1.35 & 0.75 percent. The sentiment turned positive, as the FM Nirmala Sitharaman addressed that she will meet the representatives of various sectors and "fairly quickly" come out with steps to help them.

Indian benchmark indices have a strong closed, with nifty touching the 11,000 marks. The broad-based buying witnessed in d-street was backed by FMs decision to have a discussion with FPIs amid continued outflow of liquidity. Adding, the hope for a 25 basis point rate cut in the RBI meet scheduled tomorrow provided some support to the trend. the Sensex grew by 277.01 points at 36,976.85 while Nifty rose by 85.70 points at 10,948.30. Among sectors, except energy other indices ended in the green led by the infra, auto, bank, metal, and FMCG. The broader market followed the benchmark gaining, 2.03 & 1.78 percent in mid & small-cap.

Top Gainers

IBULHSGFIN by 7.39 to Rs 512.00,YESBANK by 5.49% to Rs 85.55, TECHM by 3.70% to Rs 672.00, BAJFINANCE by 3.64% to Rs 3,274.95, BHARTIARTL by 3.16% to Rs 369.00.

Top Losers

ZEEL By -5.85% to Rs 311.60, CIPLA by -3.19% to Rs 502.35, RELIANCE by -1.84% to Rs 1,122.35, POWERGRID by -1.72% to Rs 197.70, TCS by -1.55% to Rs. 2,213.75.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session ahead of the Q1 result.

ZEEL is the top loser in today's market, As Zee Entertainment has stated that he is positive about meeting the September 30 deadline of paying all debts, but industry stalwarts are not too sure about it.

Key Market News

  • RBI hits penalties on 11 banks for the delay in reporting fraud
  • Bankers agree to take steps to review lending rate transmission: FinMin
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 2,017 crore on Monday, DIIs were net buyers to the tune of Rs 1,871 crore.

Stocks To Watch

PIDILITIND is on the upside while RELIANCE is on the downside.

PIDILITIND is currently quoting at Rs.1,311.05 up by Rs 38.05 or 2.99% from its previous closing of Rs. 1,273.00 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,323.70 on 06-AUG-2019 & a 52 week low of Rs. 895.00 on 09-OCT-2018. The Company has posted a strong Q1 result, resulting in a strong buying interest. The stock is likely to take a fresh breakout, continuing the strength going ahead.

RELIANCE is currently quoting at Rs.1,122.35 down by Rs. -21.00 or -1.84% from its previous closing of Rs.1,143.35 on the NSE. The NSE stock has touched a 52 week high of Rs 1,417.50 on 03-MAY-2019 & a 52 week low of Rs 1,016.40 on 25-OCT-2018. The stock after a trendline breakdown is continuously trading in a downtrend and also likely to remain so.

Share Market News 31-July-2019

Nifty ends above 11,100, However Nifty Logs Worst July In 17 Years

Its a Gap down opening for Indian share market, knocked by resumed trade war concern following US President Donald Trumps threats to Beijing amid tariff negotiations and ahead of the Federal Reserves long-awaited rate cut in a decade. the Sensex declined by 208.10 points at 37,189.14, while Nifty dropped by 65.60 points at 11,019.80. All the sectoral indices were trading in the red, headed by the metal, bank, pharma, IT, energy, FMCG and Infra.

In the afternoon session, Indian Benchmark indices were trying to gather strength amid the massive sell-off. The Sensex was trading at 37,221.24, down 176 points & Nifty at 11,0.32.95. The broader was also witnessing the selling pressure with small-cap down by 0.90 percent. Axis bank was one which was hit bad after posting its Q1 result showcasing higher slippage, dented the sentiment of the investors. Besides, Shares of Coffee Day Enterprises hit their lower circuit of 20 percent. After the body of Founder, VG Siddhartha has been found on the banks of Netravati River in Mangaluru.

The benchmark indices halted a two-day fall in todays trading session. The key positive take away from today's price action can be the fact that after a gap down opening the index not only managed to fill that intraday gap but also displayed a strong positive close. This kind of price behavior should instill some confidence among bulls .the Sensex was up 83.88 points at 37,481.12, while Nifty was up 28.40 points at 11,113.80. All the sectoral indices ended in the green led by the metal, auto, pharma, IT, infra, FMCG and energy. Following the benchmark indices the broader market, Mid & Small -Cap grew by 1.38 & 0.38 percent.

Top Gainers

INDUSINDBK by 5.29 to Rs 1,408.05,TATASTEEL by 4.32% to Rs 433.00, YESBANK by 4.24% to Rs 89.70, IOC by 3.93% to Rs 138.75, HEROMOTOCO by 3.90% to Rs 2,346.80.

Top Losers

ZEEL By -5.25% to Rs 361.10, AXISBANK by -4.64% to Rs 674.80, BHARTIARTL by -2.82% to Rs 336.00, TITAN by -2.30% to Rs 1,054.40, INFRATEL by -2.12% to Rs. 244.25.

Analysis Of Top Gainer And Loser

INDUSINDBK is the top gainer in today's market session, There was a heavy buying interest from a lower level in the bank in todays trade after a recent fall.

ZEEL is the top loser in today's market, After Comcast Corp. and Blackstone Group Inc. has got a proposal for a stake in Zee Entertainment Enterprises Ltd

Key Market News

  • RBI eases ECB norms for corporates, NBFCs
  • Trump threatens China upon delaying trade deal.
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 645 crore on Monday, DIIs were net buyers to the tune of Rs 1,079 crore.

Stocks To Watch

ZYDUSWELL is on the upside while HESTERBIO is on the downside.

ZYDUSWELL is currently quoting at Rs.1,505.00 up by Rs 134.70 or 9.83% from its previous closing of Rs. 1,980.00 on the NSE. The NSE stock has touched a 52 week high of Rs.647.00 on 03-SEP-2018 & a 52 week low of Rs. 1,087.95 on 15-NOV-2018. The Company has posted a strong Q1 result, resulting in a strong buying interest. The stock also witnessed a long consolidation break-out.

HESTERBIO is currently quoting at Rs.1,550.00 down by Rs. -119.45 or -7.16% from its previous closing of Rs.1,669.45 on the NSE. The NSE stock has touched a 52 week high of Rs 1,925.00 on 11-JUN-2019 & a 52 week low of Rs 1,033.50 on 39-JAN-2019. The stock has posted a weak Q1 result, happening in the selling in the stock and likely to remain so for coming days.

Share Market News 30-July-2019

Banks Drag Nifty To Near Five-Month Low; Sensex falls 289 pts.

Indian share market had a positive start tracking the mixed global cues. the Sensex was up 136.02 points or 0.36% at 37822.39, and the Nifty up 44.70 points or 0.40% at 11233.90. Among sectors, except IT all other indices are trading marginally higher led by auto, metal, pharma, infra, and FMCG. Shares of Coffee Day Enterprises shed 20 percent in the early trade after Cafe Coffee Day founder VG Siddhartha was reported missing since the night of July 29.

In the afternoon session, the benchmark indices had erased its morning gain and were trading flat. The Sensex was 21.53 points up at 37.707.90 and Nifty at 11,188.15. On the sectoral front, IT & Pharma were trading higher, While PSU Bank, Metal & Reality were the top losers. Following the market sentiment, the Mid & Small- Cap were down by more than 0.40

In the last hour of the trading session, D-street has witnessed the bloodbath which has dragged the Nifty below 11,100 marks. The banking stock was the worst hit, with metal, pharma & auto following the same, While IT was the only sector which had closed in green, backed by TCS, settled with the gain of 2.31 percent. Reliance was another heavyweight that leaned the market lowered. the Sensex at the end declined by 289.13 points at 37,397.24, while Nifty drop by 103.80 points at 11,085.40. The selling was much higher in the broader market, with Mid & Small -Cap declined more than 2 percent.

The Broad-based selling which was broadcasted in todays trade was mostly because investors remained cautious ahead of US-China trade talks, Fed policy, US job data and the mixed bag of ongoing domestic corporate results. Liquidity constraints and sluggish outlook on auto sector indicate that consolidation may continue. Fall in 10-year bond yield in expectation of further 25bps rate cut by RBI may ease liquidity crunch to some extent.

Top Gainers

BHARTIARTL by 3.99% to Rs 347.90, TCS by 2.17% to Rs 2,176.30, HCLTECH by 0.74% to Rs 1,023.00, WIPRO by 0.71% to Rs 264.25,HDFCBANK by 0.47% to Rs 2,254.80.

Top Losers

YESBANK By -9.45% to Rs 85.80, INDUSINDBK by -7.16% to Rs 1,329.70, IBULHSGFIN by -6.57% to Rs 522.90, HEROMOTOCO by -5.69% to Rs 2,267.75, SUNPHARMA by -4.80% to Rs. 410.35.

Analysis Of Top Gainer And Loser

BHARTIARTL is the top gainer in today's market session After research house Bank of America Merrill Lynch (BofAML) upgraded the stock to buy and also raised the target to Rs 400 from Rs 360 per share.

YESBANK is the top loser in today's market, The stock is witnessing heavy sell-off fro each upswing, today also stock was down nearly 10 percent.

Key Market News

  • Japan factory output tumbles most in nearly 1-1/2-years: Industrial output sank 3.6% in June.
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 704.42 crore on Monday, DIIs were net buyers to the tune of Rs 1,352 crore.

Stocks To Watch

VIPIND is on the upside while BANKINDIA is on the downside.

VIPIND is currently quoting at Rs.390.00 up by Rs 25.60 or 7.03% from its previous closing of Rs. 364.40 on the NSE. The NSE stock has touched a 52 week high of Rs.647.00 on 28-AUG-2018 & a 52 week low of Rs. 342.30 on 22-JUL-2019. The Company has posted a strong Q1 result, resulted in the hefty buying from the lower level.

BANKINDIA is currently quoting at Rs.70.55 down by Rs. -5.15 or -6.80% from its previous closing of Rs.75.70 on the NSE. The NSE stock has touched a 52 week high of Rs 110.15 on 07-JAN-2019 & a 52 week low of Rs 69.80 on 30-JUL-2019. The stock has recorded the new 52-week low in todays trade and also breach its important support level.

Share Market News 29-July-2019

Nifty settles below 11,200-mark, the auto worst hit

Indian share markets started with marginal change, tracking the mixed global market. the Sensex was up 43.38 points or 0.11% at 37926.17, and the Nifty was up 6.40 points or 0.06% at 11290.70. Among sectors, except FMCG and IT, all other indices were trading weak led by the auto, metal, pharma, energy, and infra. In the early trade, Indiabulls Group stock was the eyecatcher among the market participant as Subramanian Swamy charges India Bulls, for laundering of more than Rs. 1 Lakh Crores.

Once again after giving the positive start, benchmark indices slide to the days low. The Sensex was trading at 37,728.26, down 154.63 points While Nifty declined by 73.95 points at 11,212.35. After the strong result, ICICBK was the top contributor, gaining nearly 4 percent. Among sector except IT, which was marginally higher, all other sector was trading lower led by metal, media & auto. The pain was visible in the broader market as well with Mid & Small-cap down by nearly 1 percent each.

The Indian share market had been a home for the bears from a couple of weeks, as once again the benchmark indices had fallen with severe punishment held in selected stock. The auto sector has been the worse in todays trading session amid an increase in the auto registration cost followed by the media and the metal sector. However, IT stock had witnessed some buying which has closed in green. On the closing bell, the Sensex declined by 196.42 points at 37,686.37, while Nifty was down by 95.10 points at 11,189.20. The broader market also followed the benchmark indices with a decline of 1 percent in Mid & Small-Cap respectively.

At the current scenario, Markets are largely focusing on weak domestic sentiment while cues are mixed from the global front. And, in the absence of any major event, we feel earnings will continue to dictate the market trend going ahead.

Top Gainers

ICICIBANK by 2.90% to Rs 427.80, INDUSINDBK by 1.13% to Rs 1,431.50, HCLTECH by 0.96% to Rs 1,011.05, TCS by 0.76% to Rs 2,125.10,INFY by 0.62% to Rs 791.85.

Top Losers

IBULHSGFIN By -12.07% to Rs 549.00, GRASIM by -9.59% to Rs 791.00, TATAMOTORS by -6.35% to Rs 137.80, VEDL by -5.30% to Rs 155.40, INFRATEL by -5.07% to Rs. 256.50.

Analysis Of Top Gainer And Loser

ICICIBANK is the top gainer in today's market session, Afte posting the strong Q1 result with lower provision and NPA boosted the sentiment of the investor.

IBULHSGFIN is the top loser in today's market, After Subramanian Swamy charges India Bulls, for laundering of more than Rs. 1 Lakh Crores.

Key Market News

  • Oil drops behind 'constructive' talks on Iran's nuclear agreement.
  • The RBI is anticipated to come out with a report next month on facilitating the development of a secondary market for corporate loans.
  • Sebi eases rules for new exchanges to provide incentives under LES.
  • Sebi fixes minimum staggered delivery period of 5 days for commodity futures.
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,503.26 crore on Friday, DIIs were net buyers to the tune of Rs 1,917.52 crore.

Stocks To Watch

BERGEPAINT is on the upside while HAVELLS is on the downside.

BERGEPAINT is currently quoting at Rs.332.50 up by Rs 4.60 or 1.40% from its previous closing of Rs. 327.90 on the NSE. The NSE stock has touched a 52 week high of Rs.349.90 on 29-AUG-2018 & a 52 week low of Rs.260.00 on 23-OCT-2018. The stock has been continuously making higher highs and is also likely to post strong results in-line with the peers has posted.

HAVELLS is currently quoting at Rs.668.05 down by Rs. -30.20 or -4.33% from its previous closing of Rs.698.25 on the NSE. The NSE stock has touched a 52 week high of Rs 806.85 on 28-JUL-2019 & a 52 week low of Rs 549.85 on 19-OCT-2019. The stock after posting the weak result has witnessed the selling pressure in todays trade and likely to remain so in the coming days.

Share Market News 25-July-2019

Nifty Clocks Worst F&O Series In Nine Months; Tata Motors falls 4%

Indian stock markets had a positive start tracking the muted trend in Asian equities amid a mixed bag of corporate earnings. The Sensex was up 149.11 points or 0.39% at 37996.76, and the Nifty grew by 44.20 points or 0.39% at 11315.50. On the sectoral front, except IT and energy, all other sectoral indices were trading higher led by the pharma, FMCG, and auto. .

The benchmark indices had managed to hold the morning gains, backed by the HDFC Twins, which was up more than 1 percent. The Sensex grew by 150.75 points at 37,998.40, While Nifty was trading at 11,314.20. The broader market was also trading with the marginal gains in the afternoon session. On the sectoral side, the pharma was the top performer, While PSU Bank witnessed the worst-selling among all.

Indian share market plunge for the 6th day in a row, closing the July series on a negative note. The reliance had been culprit once again, waning 2.19 percent in a day. the Sensex was down 16.67 points at 37830.98, while Nifty was down 9.50 points at 11261.80. However, the broader market managed to outperform the benchmark indices closing with the gains of 0.40 & 0.08 percent in mid & small-cap. Among sectors, metal, infra, auto, and energy witnessed selling, while buying was seen in the IT and pharma.

The Market settled on a negative note in spite of a positive global market and short covering, which did not provide adequate support given mixed Q1 results. Further, Nifty breaking below the 11,200 level may increase pressure on the index towards 11,100. On the higher side, the index has stiff resistance at 11,350-11,420 zone.

Top Gainers

VEDL by 4.45% to Rs 172.40, CIPLA by 3.52% to Rs 537.00, ZEEL by 3.29% to Rs 392.10, SUNPHARMA by 2.75% to Rs 437.25,INDUSINDBK by 2.42% to Rs 1,394.95.

Top Losers

TATAMOTORS By -4.79% to Rs 144.00, BAJFINANCE by -4.30% to Rs 3,037.00, BAJAJFINSV by -4.18% to Rs 6,770.00, COALINDIA by -3.34% to Rs 209.60, JSWSTEEL by -2.47% to Rs. 248.95.

Analysis Of Top Gainer And Loser

VEDL is the top gainer in today's market session After A South African court ordered Zambia to halt plans to liquidate and sell copper mines controlled by Indian billionaire Anil Agarwal pending arbitration in a dispute thats rattled investors in Africas second-largest copper producer.

TATAMOTORS is the top loser in today's market, on the expectation of negative result which was scheduled after the market hours, the stock witnessed hefty selling.

Key Market News

  • India's monsoon rains 35% beneath average this week: IMD
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,393.71 crore on Wednesday, DIIs were net buyers to the tune of Rs 2,140.26 crore

Stocks To Watch

LUPIN is on the upside while VIPIND is on the downside.

LUPIN is currently quoting at Rs.771.00 up by Rs 32.90 or 4.46% from its previous closing of Rs. 738.10 on the NSE. The NSE stock has touched a 52 week high of Rs.986.10 on 10-SEP-2018 & a 52 week low of Rs.697.20 on 19-JUN-2019. The stock has witnessed a hefty buying interest from a lower level near its trend line support and likely to resume its upward trend.

VIPIND is currently quoting at Rs.365.00 down by Rs. -12.75 or -3.38% from its previous closing of Rs.377.75 on the NSE. The NSE stock has touched a 52 week high of Rs 647.00 on 28-AUG-2018 & a 52 week low of Rs 342.30 on 22-JUL-2019. The stock is continuously trading in the downtrend and likely to remain so in the coming days.

Share Market News 24-July-2019

Sensex extends losing streak to 5th day, Nifty below 11,300.

Indian share markets started marginally higher amidst corporate earnings for June quarter. the Sensex grew by 75.48 points or 0.20% at 38058.22, and the Nifty was up 18.80 points or 0.17% at 11349.80. Among the sectors, metal, FMCG and infra, did witnessing the buying, while IT stocks were under pressure in early trade.

In the afternoon session, The Indian share market was trading near its days low, With nifty breaching 11,300 level. Reliance was the culprit, dropping more than 1 percent. The benchmark indices, Sensex was trading at 37,772.17 down 210.57 points, While Nifty at 11,248.55. Among sectors, Except media, all other sectors were trading lower led by Metal, Reality & Auto. The Pain was evidently higher in the broader market with Mid & Small - Cap down by 1.28 percent respectively.

Another day for Indian share market to record a brutal fall, indeed with unabated foreign fund outflows and tepid corporate earnings, IMF's downward revision of India's economic outlook further hit domestic investor sentiment in todays session. the Sensex declined by 135.09 points at 37,847.65, while Nifty fall by 60 points at 11,271. Among the sectors, the metal index slid over 2 percent, followed by auto, energy, infra, IT and pharma. In the broader market, the midcap index was down 1.5 percent, while the Smallcap index shed over 1.4 percent.

Since the nifty broke its recent bottom of 11,450, it's been trading under pressure. On the downside, Trend support is seen at 11,000-11,100 levels; Unless a strong reversal is seen there remains a chance of the same being tested. We expect volatility to remain high as the monthly expiry is been scheduled tomorrow.

Top Gainers

ZEEL by 4.28% to Rs 376.25, ASIANPAINT by 3.44% to Rs 1,478.50, HINDUNILVR by 2.19% to Rs 1,730.40, HDFC by 1.94% to Rs 2,179.90,HCLTECH by 1.19% to Rs 1,023.00.

Top Losers

UPL By -5.45% to Rs 610.00, ADANIPORTS by -5.08% to Rs 379.45, IBULHSGFIN by -4.50% to Rs 611.70, EICHERMOT by -3.73% to Rs 16,340.00, INDUSINDBK by -3.58% to Rs. 1,366.00.

Analysis Of Top Gainer And Loser

ZEEL is the top gainer in today's market session After the company reported a 62.56 percent rise in consolidated net profit at Rs 529.76 crore for the first quarter ended June 2019.

UPL is the top loser in today's market after the management said its wholly-owned subsidiary has arranged EUR 100 million (approximately Rs 768.80 crore) loan at zero interest rate to meet the working capital requirements across the group.

Key Market News

  • The International Monetary Fund (IMF) has lowered Indias growth forecast for 2019-20 to 7% from its estimate in April of 7.3% on poor demand conditions.
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 2,608 crore on Tuesday, DIIs were net buyers to the tune of Rs 2,625 crore.

Stocks To Watch

HESTERBIO is on the upside while LUPIN is on the downside.

HESTERBIO is currently quoting at Rs.1,788.00 up by Rs 109.20 or 6.50% from its previous closing of Rs.1,678.80 on the NSE. The NSE stock has touched a 52 week high of Rs.1,925.00 on 11-JUN-2019 & a 52 week low of Rs.1,033.50 on 29-JAN-2019. The stock has witnessed a hefty buying interest from the lower level in todays trade after a recent fall. The Stochastic oscillator is also showing the divergences indicating the up move in the coming days.

LUPIN is currently quoting at Rs.737.70 down by Rs. -18.75 or -2.48% from its previous closing of Rs.2,186.90 on the NSE. The NSE stock has touched a 52 week high of Rs 2,357.85 on 18-JUL-2019 & a 52 week low of Rs 1,644.50 on 23-OCT-2018. The stock is looking weak on the daily chart pattern and likely to move in the downtrend in the coming days.

Share Market News 23-July-2019

Sensex gives up 235-pt gains, Nifty Lower For Fourth Day; PSU banks drag

Indian markets opened marginally higher, following stable US markets on Monday and positive Asian markets this morning. The Sensex was up 28.17 points at 38,059.30, while Nifty grew by 10 points at 11,356.20. Among sector compiled by NSE traded higher, led by the Nifty IT Indexs 0.6 percent gain. On the flip side, the Nifty Media Index was the top sectoral loser, down 0.3 percent.

In the afternoon session, the Indian share market was trading flat. Its another day for HDFC Twins for a sharp fall, in the meantime Infy registered its all-time high trading with the gains of 1.50 percent. The Sensex was 19.81 points higher at 38,052.37, While Nifty at 11,351.25. The broader market was trading mixed with midcap losing 0.13 percent and smallcap gaining 0.50 percent. Among sector Reality, FMCG & IT were trading higher, While Financial Services, Media & Metal were among the top loser.

Indian equity benchmarks witnessed a sharp fall in the last hour, Sensex, which grew 186 points throughout the day, closed down nearly 50 points, or 0.13 percent, at 37,982.74. while Nifty was down 15.20 points at 11,331. Among sectors, PSU banks dragged 3 percent followed by auto, metal, pharma, while buying was seen in the FMCG, energy, infra and IT. Nevertheless, The broader market had a mixed closing with midcap declined by 0.57 percent, While Smallcap gain by 0.47 percent.

Consolidation/correction is likely to get extended, as concern on liquidity and banks increasing exposure to risky assets further dampened the sentiment. Absence of major domestic impetus, expensive valuation and lack of earnings outlook are triggering a cautious stance for the market.

Top Gainers

POWERGRID by 2.89% to Rs 210.00,KOTAKBANK by 2.74% to Rs 1,494.15, HEROMOTOCO by 2.55% to Rs 2,465.00, ITC by 2.48% to Rs 270.95,ASIANPAINT by 1.86% to Rs 1,430.30.

Top Losers

SBIN By -2.49% to Rs 342.10, IBULHSGFIN by -2.20% to Rs 641.50, HDFC by -2.14% to Rs 2,140.00, ADANIPORTS by -1.69% to Rs 400.30, BAJAJ-AUTO by -1.67% to Rs. 2,520.05.

Analysis Of Top Gainer And Loser

POWERGRID is the top gainer in today's market session, The stock has witnessed a buying interest from the last couple of session, In todays trade also stock closed with gains of 2.89 percent.

SBIN is the top loser in today's market, after the sharp from the level of 270 the stock is witnessing the profit booking from higher levels.

Key Market News

  • NSE will exclude nine stocks from the futures and options segment with effect from September 27.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,916.91 crore on Monday, DIIs were net buyers to the tune of Rs 1,829.90 crore.

Stocks To Watch

POWERGRID is on the upside while HDFC is on the downside.

POWERGRID is currently quoting at Rs. 210.00 up by Rs 5.90 or 2.89% from its previous closing of Rs.204.10 on the NSE. The NSE stock has touched a 52 week high of Rs.212.00 on 05-JUL-2019 & a 52 week low of Rs.172.50 on 14-FEB-2019. The stock is trading near its 52-week and after the strong close in todays session, it's likely to make new highs in the coming days.

HDFC is currently quoting at Rs.2,140.00 down by Rs. -46.90 or -2.14% from its previous closing of Rs.2,186.90 on the NSE. The NSE stock has touched a 52 week high of Rs 2,357.85 on 18-JUL-2019 & a 52 week low of Rs 1,644.50 on 23-OCT-2018. The stock has formed a 3 black crow pattern indicating the downtrend in the coming days.

Share Market News 22-July-2019

Sensex Logs Longest Losing Streak In Over A Month; metal stocks gain, Bajaj Finserv falls 5%

Indian share markets had a disappointing start, as the investors were saddened after the government denied any respite to foreign investors registered as trusts from proposed super-rich tax. Sentiments happened to weakened further after the RBI governor said future interest-rate cuts would depend on incoming data. Responding on same, the Sensex was down by 197.95 points or 0.52% at 38139.06, and the Nifty declined by 56.50 points or 0.49% at 11362.80. Among sector compiled by NSE traded lower, led by the Nifty Realty Indexs 1.64 percent fall. On the flip side, the Nifty Metal Index was the only sectoral gainer, up 0.12 percent.

Benchmark indices after the sharp fall in early trade were trading flat in the afternoon session. The HDFC Twins were the worst performer, which were down more than 3 percent each. The Sensex was trading at 38,040 down 296.70 points, While Nifty was at 11,339.16. In the broader market, the Mid & Small-cap were down by 0.91 & 1.64 percent respectively.

Indian equity market fell for the third-straight session, driven by losses in HDFC twins & Bajaj Finserv. the Sensex settled 305.88 points down at 38,031.13, while Nifty sank by 73.10 points at 11, 346.20. Among sector compiled by NSE closed lower, led by the Nifty Financial Services Indexs 2.57 percent fall. On the flip side, the Nifty Media Index was the top sectoral gainer, up 1.75 percent. The broader market also witnessed a decline of 0.37 & 0.64 percent in Mid & Small-Cap. A crack in the HDFC twins, Bajaj Finance will seriously impact NAVs of mutual funds which might face a further cascading effect. The vicious circle is deepening and the necessity of liquidity will eventually lead to large liquidations even in frontline stocks. Investors should mentally be ready to see further cuts in their portfolio in the coming days.

Top Gainers

YESBANK by 9.49% to Rs 91.15,VEDL by 4.09% to Rs 167.85, HINDALCO by 3.42% to Rs 202.70, IBULHSGFIN by 3.08% to Rs 654.50, ZEEL by 3.00% to Rs 363.55.

Top Losers

BAJAJFINSV By -5.57% to Rs 7,144.90, HDFC by -5.26% to Rs 2,182.30,KOTAKBANK by -3.60% to Rs 1,444.90, EICHERMOT by -3.48% to Rs 17,049.00, HDFCBANK by -3.07% to Rs. 2,302.80.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market session, amid reports that DHFL is likely to announce a deal with special situations investor AION Capital for

BAJAJFINSV is the top loser in today's market, the stock is in continuous downtrend from the last couple of trading session, In todays trade the stock had declined by 5.57%

Key Market News

  • Oil gains as Gulf tanker seizure raises tensions.
  • Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 950.15 crore on Friday, DIIs were net buyers to the tune of Rs 734 crore, data suggests.

Stocks To Watch

SUNPHARMA is on the upside while ESCORT is on the downside.

SUNPHARMA is currently quoting at Rs. 430.00 up by Rs 8.65 or 2.05% from its previous closing of Rs.421.35 on the NSE. The NSE stock has touched a 52 week high of Rs.679.30 on 06-SEP-2018 & a 52 week low of Rs.344.55 on 13-MAY-2019. The stock after witnessed a sharp correction is now showing the strength from last 12 trading session and likely to remain in an uptrend in coming days

ESCORT is currently quoting at Rs.491.00 down by Rs. -17.85 or -3.51% from its previous closing of Rs.508.85 on the NSE. The NSE stock has touched a 52 week high of Rs 943.55 on 31-JUL-2018 & a 52 week low of Rs 486.60 on 22-JUL-2019. The stock has broken long term weekly support and likely to witness the much lower levels in coming days.

Share Market News 18-July-2019

Late sell-off drags Sensex 318 pts, Nifty below 11,600; YES BANK plunges 13%

Tracking the global clues the benchmark indices opened lower. The Sensex falling 81.89 points to 39,133.75 and the Nifty slipping 21 points to 11,666.50. The broader market also did not have a cheerful opening as both the midcap and smallcap indices were trading lower. Among sector compiled by NSE traded lower, led by the Nifty IT Indexs 1.02 percent fall. On the flip side, the Nifty Financial Service Index was the top sectoral gainer, up 0.18 percent.

Indian share market in the afternoon session was trading at days low. The Sensex & Nifty was 0.25 percent lower at 39,123 &11,656 . The selling pressure was further visible in the broader market, with Mid & Small-cap down by 1.03 & 0.77 percent. On the sectorial front, FMCG & Media were trading higher, while all other sectors were trading in red led by PSU Bank.

In the last hour of trade, the frontline indices tumbled sharply. The led contributor for dragging the nifty lower was the RIL & ICIC bank down more than 1.50 percent. All sectoral indices settled in red with PSU Bank, Auto and Metal dropping 2.5-3 percent. The Sensex was down 318.18 points at 38,897.46 and the Nifty fell 90.60 points to 11,596.90. The broader markets fell more than benchmark indices as the Nifty Midcap was down 1.7 percent and Smallcap index 1 percent.

The present scenario, global central banks including RBI are cutting their rates to strengthen the economy, however, markets are not likely to get convinced given the weak demand scenario, extension in a trade war and lack of revival in corporate earnings. FIIs are on a risk-off mode, while domestic mutual funds are providing marginal support in the market.

Top Gainers

WIPRO by 3.14% to Rs 267.75,HDFC by 2.24% to Rs 2,338.00, ZEEL by 2.12% to Rs 360.75, BRITANNIA by 0.79% to Rs 2,820.00, HDFCBANK by 0.72% to Rs 2,414.75.

Top Losers

YESBANK By -12.70% to Rs 85.90, ONGC by -4.40% to Rs 143.30,COALINDIA by -4.37% to Rs 219.95, TATAMOTORS by -4.11% to Rs 161.00, MARUTI by -3.30% to Rs. 5,875.00.

Analysis Of Top Gainer And Loser

WIPRO is the top gainer in today's market session, After reporting better than expected result of Q1, A buying interest emerged in the stock in todays trade.

YESBANK is the top loser in today's market, After posting the result the stock has been heavily dumped by the market participant.

Key Market News

  • Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 17 crore on Wednesday, DIIs were net buyers to the tune of Rs 209 crore.
  • Asian Development Bank Cuts India's GDP Growth Forecast to 7% for FY20.

Stocks To Watch

JUSTDIAL is on the upside while MINDTREE is on the downside.

JUSTDIAL is currently quoting at Rs.767.50 up by Rs 20.45 or 2.74% from its previous closing of Rs.747.05 on the NSE. The NSE stock has touched a 52 week high of Rs.824.80 on 09-JUL-2019 & a 52 week low of Rs.409.15 on 01-OCT-2018. The stock is witnessing a good buying interest from lower levels as well as the closing has been strong in todays trade.

MINDTREE is currently quoting at Rs.690.70 down by Rs. -60.00 or -7.99% from its previous closing of Rs.750.70 on the NSE. The NSE stock has touched a 52 week high of Rs 1,183.80 on 11-SEP-2018 & a 52 week low of Rs 670.95 on 18-JUL-2019. The stock on the weekly chart is trading in the downtrend and likely to continue up till 550

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

The Relief Rally Post Correction On The Go, Best Is Yet To Come

Our Analysis A 3-day week comes with high volatility and chaos among market participants. The fuel was spooked by the rise in global risk. Since, Argentina taking the 2nd-biggest crash
Read More>>

Directive Actions From Government To Bring An Uptrend To Markets

Our Analysis Mark the date 5th Aug 2019, a historic decision by the BJP government of revoking the article 370A brought cheers among all the Indians across the world. From hereonwards,
Read More>>

Last Leg Of Downfall To End Soon, Wait For 11400 For Confirmation

Our Analysis Indian benchmark indices after a decisive close on last Friday had opened the doors for bears to drag the market lower. There was an absolute bloodbath on the D-street whic
Read More>>

Market Slide To Reopen The Sale On Value Stocks

Our Analysis This week the Indian share market started on the happy note with IT major Infosys achieved better-than-expected Jun quarter. Mostly, this week the market was in the europhi
Read More>>