Share Market News: Today’s Nifty & Sensex Updates

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

Share Market News 18-September-2019

Nifty Gains ahead of Fed policy outcome; Metal stocks shine

Indian equities had a strong start, which was backed by the report, hinting Saudi oil production to resume sooner than expected, coupled with the expectation of fourth booster dose from the FM. In the early trade, The Sensex grew by 195.08 points at 36676.17, while Nifty was up by 58.80 points at 10876.40. On the sectoral front, buying seen in the auto, metal, pharma, energy, and infra, while FMCG and IT indices were trading lower.

The majority of the early gains were erased in the afternoon session. Thereafter, bulls were trying to gain control since the range-bound price action was certainly creating a bottom in the short run. BAJAJ Twins were the significant contributor toward the indices which kept the Sensex up by 62.44 points at 36,543.15 & Nifty at 10,830.25. However, the Broader market was outperforming, trading with the gains of 0.35 & 0.41 Percent in Mid & Small-Cap respectively.

The equity markets traded with a positive bias throughout the session. The correction in crude oil prices has surely given respite to investors. Nevertheless, The geopolitical developments would still be one of the key factors on investors radar as any further escalation would have an adverse impact on markets and the economy. Apart from this, the FOMC meet outcome tonight would be a key factor as there is a wide expectation of a rate cut. However, commentary on growth and rate outlook would be crucial. On the domestic front, the suggestion to not reduce rates in certain sectors has impacted sentiments, however, the final decision would be taken at the GST Council meeting on September 20. At close, the Sensex was up 82.79 points at 36,563.88, while Nifty was up 23.10 points at 10,840.70. Among sector, except pharma, all other sectoral indices ended in the green led by the metal, IT, infra, energy, auto, and bank.

Momentum Stock Of The Day

Godfrey Phillips had witnessed an extra-ordinary move in todays session. The stock has outperformed the market from the last 2 months gaining the returns of more than 35 percent. However, Todays development was backed by the ban of an e-cigarette by the cabinet, after which the stock had surged more than 5 percent intraday.

Top Gainers

TATASTEEL by 3.70% to Rs 357.70, BPCL by 3.59% to Rs 382.00, VEDL by 3.16% to Rs 150.00, GAIL by 2.77% to Rs 135.55,SBIN by 2.35% to Rs 280.40.

Top Losers

BRITANNIA By -2.88% to Rs 2,614.90, IBULHSGFIN by -2.78% to Rs 417.20,COALINDIA by -2.61% to Rs 192.45, ONGC by -1.97% to Rs 127.15, EICHERMOT by -1.49% to Rs 16,043.00

Analysis Of Top Gainer And Loser

TATASTEEL is the top gainer in today's market session, The overall metal sector witnessed a buying throughout the day to become the worst performer, among which TATASTEEL top the rank.

BRITANNIA is the top loser in today's market, After brokerage firm Credit Suisse downgraded the stock rating to Neutral from Outperform.

Key Market News

  • FM Nirmala Sitharaman working on the fourth booster dose to re-energize the economy.
  • Japan's exports fall for 9th straight month as global demand falters.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 808 crore on Tuesday, DIIs were net buyers to the tune of Rs 86 crore.

Stocks To Watch

BAJAJELEC is on the upside while ICICIBANK is on the downside.

BAJAJELEC is currently quoting at Rs.391.00 up by Rs 0.95 or 0.24% from its previous closing of Rs. 391.95 on the NSE. The NSE stock has touched a 52 week high of Rs. 587.70 on 16-APR-2019 & a 52 week low of Rs.338.45 on 31-JUL-2018. The stock is making higher highs with RSI supporting the move, thus the stock is likely to move ahead in bullish momentum.

ICICIBANK is currently quoting at Rs.399.25 down by Rs.1.40 or -0.35% from its previous closing of Rs.400.65 on the NSE. The NSE stock has touched a 52 week high of Rs 443.90 on 27-JUN-2019 & a 52 week low of Rs 294.80 on 04-OCT-2018. The stock is facing selling pressure from higher levels indicating the weak trend in the stock for the coming days. The stock is making lower lows with the downside target of 374.

Share Market News 17-September-2019

Sensex, Nifty Take a Hit On Oil Concerns; Auto, Bank, Metal Take a Worst Hit

Benchmark indices had a weak start tracking the losses in global equities. There is a rising concern about geopolitical risk after weekend attacks on Saudi Arabias oil facilities. The Sensex declined by 112.62 points or 0.30% at 37010.69, and the Nifty was down by 32.30 points or 0.29% at 10971.20. Among sectors, auto, FMCG, metal, and pharma were trading higher, while selling was seen in the energy, bank, infra and IT.

In the afternoon session, the frontline indices were trading at days low. There was a massive selling that was witnessing in the heavyweight Reliance, HDFC Twins& TCS, Which were dragging the indices lower. The Sensex was down 236.74 points at 36,885.33 & Nifty was trading at 10,929.60. Following the same, the broader market also declined by 0.30 percent respectively.

The Indian equity market tracking the geopolitical tensions surrounding Saudi Arabian oil supplies triggered a selloff in todays session. There remains a major worrisome regarding the current account and fiscal deficit that could take a hit if the oil prices continued to rise in the same manner. Moreover, the US Fed's policy announcement is scheduled tomorrow which happens to bring more chaos and volatility across the globe. At closing, the Sensex was down by 642.22 points at 36,481.09, while Nifty declined by 185.90 points at 10,817.60. All the sectoral indices ended in the red led by the auto, bank, metal, energy, infra, FMCG, IT and pharma. Midcap and smallcap also underperform in line with benchmark indices with nearly 2 percent cut. For the coming days, the important levels to watch out will be the 10,900 & 11,000 on the upside as the maximum OI is present at this level and 10,800 and 10,700 will be a major support in the downside.

Momentum Stock Of The Day

NILKAMAL outperformed the benchmark indices in todays trading session. The stock had fallen sharply in the last 12 months eroding 50 percent losses from the top. However, the stock had given short term range breakout which can witness the target of 1350 in the upside.

Top Gainers

GAIL by 1.85% to Rs 132.10, TITAN by 0.98% to Rs 1,159.75, HINDUNILVR by 0.97% to Rs 1,834.00, ASIANPAINT by 0.70% to Rs 1,532.00, INFY by 0.56% to Rs 832.35.

Top Losers

HEROMOTOCO By -6.25% to Rs 2,567.60, TATAMOTORS by -4.98% to Rs 122.20,TATASTEEL by -4.93% to Rs 343.30, AXISBANK by -4.68% to Rs 639.50, MARUTI by -4.62% to Rs 6,116.30.

Analysis Of Top Gainer And Loser

GAIL is the top gainer in today's market session, the stock survived the selling of todays trading session.

HEROMOTOCO is the top loser in today's market, The Auto sector witnessed a selling throughout the day to became the worst performer, among which HEROMOTOCO top the rank.

Key Market News

  • Mutual funds collection via SIP up 7.5% to Rs 8,231 cr in Aug.
  • India, the US working towards early resolution of trade issues: Piyush Goyal.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 751.26 crore on Monday, DIIs were net buyers to the tune of Rs 308.56 crore.

Stocks To Watch

BAJAJELEC is on the upside while AMARAJABAT is on the downside.

BAJAJELEC is currently quoting at Rs.390.05 up by Rs 1.25 or 0.32% from its previous closing of Rs. 391.30 on the NSE. The NSE stock has touched a 52 week high of Rs. 587.70 on 16-APR-2019 & a 52 week low of Rs.338.45 on 31-JUL-2018. The stock is making higher highs with RSI supporting the move, thus the stock is likely to move ahead in bullish momentum.

AMARAJABAT is currently quoting at Rs.631.05 down by Rs.19.50 or -3.00% from its previous closing of Rs.650.55 on the NSE. The NSE stock has touched a 52 week high of Rs 807.70 on 18-SEP-2018 & a 52 week low of Rs 572.85 on 20-JUN-2019. The stock is facing selling pressure from higher levels indicating the weak trend in the stock for the coming days.

Share Market News 16-September-2019

Boiling crude crashed Sensex 262 pts; Nifty holds above 11,000

Indian share market fell in early trade, since a drone attack on Saudi Arabia's oil facilities, on Saturday, pushed crude oil prices higher. Amid that, the share price of the domestic oil marketing company fell sharply. The Sensex was down 176.72 points at 37,208.27, while Nifty declined by 60.90 points at 11,015. Among sectors, except FMCG and IT, other indices were trading in the red.

Most of the early losses in frontline indices were recovered in the afternoon session. The move was backed by Reliance Industries, Which turned the weakness into the strength for the benchmark indices. The Sensex was trading at 37,268.71 & Nifty at 11,041.35. There was mix trading activity in the broader market, where the mid-cap was up by 0.23 percent and small-cap was down by 0.14 percent.

Indian share market had a negative closing but managed to finish above 11,000 marks. The broader markets were buoyant as mid and small caps outperformed, which was promising. the Sensex declined by 261.68 points at 37,123.31, while Nifty was down 72.40 points at 11,003.50. Among sector, the banking and the auto stocks were the worst performer, While Pharma and IT pack outperformed in today's trading session. We continue our bullish stance on the Nifty and expect the dust to settle shortly. Near term, support is placed at 10,850 zones. Overall Nifty is in a path of recovery and the index is likely to test the 11,300-11,500 zone on the upside.

Momentum Stock Of The Day

Colgate Palmolive in today's trade has surged with heavy volume after the foreign brokerage house Credit Suisse expects a 15 percent upside in the share price. With that, another report showing the decline in the Patanjali sales also added a positive sentiment to the stock.

Top Gainers

TITAN by 2.15% to Rs 1,147.50, BRITANNIA by 1.80% to Rs 2,722.85, TECHM by 1.34% to Rs 719.00, ONGC by 1.28% to Rs 130.50, COALINDIA by 1.19% to Rs 200.55.

Top Losers

BPCL By -7.28% to Rs 378.80, M&M by -2.78% to Rs 535.95,SBIN by -2.52% to Rs 284.35, UPL by -2.45% to Rs 564.00, IBULHSGFIN by -2.39% to Rs 431.70.

Analysis Of Top Gainer And Loser

TITAN is the top gainer in today's market session After the company plans to raise 900 cr from commercial paper.

BPCL is the top loser in today's market, after drone attacks on Saudi Arabia's oil facilities.

Key Market News

  • The Drone attack on Saudi Aramco oil facilities is estimated to impact 5 million bpd of oil production.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 405 crore on Friday, DIIs were net buyers to the tune of Rs 210 crore.

Stocks To Watch

JUBLFOOD is on the upside while ASIANPAINT is on the downside.

JUBLFOOD is currently quoting at Rs.1,274.00 up by Rs 27.90 or 2.24% from its previous closing of Rs. 1,251.10 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,487.70 on 01-APR-2019 & a 52 week low of Rs.977.00 on 26-OCT-2018. The stock is making higher highs with RSI supporting the move, thus the stock is likely to move ahead in bullish momentum.

ASIANPAINT is currently quoting at Rs.1,519.00 down by Rs.29.20 or -1.89% from its previous closing of Rs.1,548.20 on the NSE. The NSE stock has touched a 52 week high of Rs 1,622.50 on 03-AUG-2019 & a 52 week low of Rs 1,118.00 on 23-OCT-2018. The stock is facing selling pressure from higher levels indicating the weak trend in the stock. Coupled with the increase in crude price can affect the coming results.

Share Market News 12-September-2019

Nifty halt five-day rally in a row; RIL, IT, auto stocks drag

Indian share market held another strong opening, supported by the gains in the global market. In the early trade, Sensex rises 100 pts and nifty was trading above 11,050 Mark. ICICI & HDFC Bank were the major contributor in the benchmark indices. On the sectoral front, all sectors were trading higher except the IT stock which was marginally lower.

In the afternoon session, the frontline indices had lost most of its early gains due to the fall in Reliance & TCS. The Sensex was trading at 37,275.66 up 4.84 pints & Nifty at 11,032.20. The broader market had a mixed performance with Mid-Cap losing by 0.10 percent & small-cap gaining by 0.71 percent. undoubtedly, the Small-cap were outperforming the overall market in the noon.

Benchmark indices after a sharp rally from 10,750 levels witnessed a profit booking in todays trading session. The weekly expiry day along with the major resistance emerged a selling pressure in the bourse. Among all, Reliance was the biggest setback, which dragged the Nifty below the 11,000 marks. Overall, Sensex was down 166.54 points at 37,104.28 and the Nifty fell 52.90 points to 10,982.80. However, the small-cap index outperformed the market closing with a gain of 0.31 percent. On the sectoral front, the auto stocks were the worst hit followed by the FMCG & IT. For the coming days, the important levels to watch out will be the 11,050 & 11,100 on the upside as the maximum OI is present at this level and 10,900 and 10,800 will be a major support in the downside.

Momentum Stock Of The Day

WOCKHARDT is been in a limelight from a couple of days as the stock has surged more than 30 percent in 2 days. The stock was in the continuous downtrend after making a high of 1012 in Jan 2018, diminishing more than 70 percent of the investor's wealth. On the weekly chart, the stock is trading with strong bullish momentum, with the upside target of 400 in the short run.

Top Gainers

IBULHSGFIN by 3.64% to Rs 447.15, ULTRACEMCO by 2.47% to Rs 4,000.00, ICICIBANK by 2.03% to Rs 402.60, HINDALCO by 1.65% to Rs 196.65, SUNPHARMA by 1.30% to Rs 427.70.

Top Losers

YESBANK By -4.68% to Rs 68.25, TATAMOTORS by -3.80% to Rs 129.25, MARUTI by -3.01% to Rs 6,398.75, AXISBANK by -2.79% to Rs 662.65, JSWSTEEL by -2.64% to Rs 221.70.

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market session, After Credit rating agency, CRISIL has downgraded Indiabulls Housing Finance Ltds (IBHFL) long-term debt instruments rating to CRISIL AA+ from CRISIL AAA.

YESBANK is the top loser in today's market, after the previous day's rally amid reports of Rana Kapoor selling the stake.

Key Market News

  • OPEC cuts 2020 oil demand forecast, urges effort to avert new glut.
  • Hong Kong Stock Exchange looks to acquire LSE for 32bn
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 267 crore on Wednesday, DIIs were net buyers to the tune of Rs 1,132 crore.

Stocks To Watch

SIEMENS is on the upside while TCS is on the downside.

SIEMENS is currently quoting at Rs.1,230.00 up by Rs 5.25 or 0.43% from its previous closing of Rs. 1,224.75 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. The stock has given a healthy breakout and likely to remain bullish in the coming days.

TCS is currently quoting at Rs.2,134.60 down by Rs. 19.40 or -0.90% from its previous closing of Rs.2,154.00 on the NSE. The NSE stock has touched a 52 week high of Rs 2,296.20 on 03-SEP-2019 & a 52 week low of Rs 1,784.35 on 29-OCT-2018. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 11-September-2019

Nifty holds 11,000 with muted gains; Auto, metal outperforms

The bourse had a steady opening on the back of positive global clues. Overall the sentiments were mildly bullish in the morning trade, On the start, the Sensex was up 52.97 points at 37,198.42, while Nifty grew by 9.50 points at 11,012.50. On the sectoral front, buying was seen in the metal, auto, pharma, bank, and infra, while energy and IT sectors were marginally lower.

Frontline indices were trading at days high during the afternoon session since the momentum was upbeat by Reliance Industries. The Sensex was 182.20 point higher at 37,327.65 & Nifty at 1,047.95. The Broader market continued to outshined which was trading with the gains of 0.65 & 1.40 percent in mid & small-cap.

Fifth-straight day in a row for the Indian share market to close on a higher note. the Sensex was up by 125.37 points at 37,270.82, while Nifty grew by 32.70 points at 11,035.70. The move of today was supported by the Auto and the Metal stock, Which are in the strong bullish momentum from the start of the week, however, the IT pack continued to slip lower, Headed by the strengthening of INR. Overall, the bull seems to lose its steam as the major resistance happens to bring significant selling pressure on the Nifty. However, Tomorrow will be a big day on which the future trend will be decided, As it is also significant due to the weekly expiry day. For Tomorrows trading session the important levels to watch out will be the 11,000 & 11,200 on the upside as the maximum OI is present at this level and 11,000 and 10,900 will be a major support in the downside.

Momentum Stock Of The Day

In todays market tata motors had showcased an extraordinary performance in terms of gaining more than 10 percent on the back of the strong rise of the sale in china. In-all the overall auto sector outperformed the benchmark indices among which TaMo was the top performer. Going ahead, the strong momentum of the TaMo can continue with the upside target of the 148, the potential of 10 percent from the current level.

Top Gainers

YESBANK by 13.00% to Rs 71.30, TATAMOTORS by 10.66% to Rs 134.90, EICHERMOT by 5.10% to Rs 17,034.00, MARUTI by 3.86% to Rs 6,580.00, JSWSTEEL by 3.78% to Rs 227.80.

Top Losers

ONGC By -3.13% to Rs 125.35, WIPRO by -2.91% to Rs 248.15, GAIL by -2.80% to Rs 128.45, HCLTECH by -2.71% to Rs 1,055.00, ZEEL by -2.55% to Rs 353.70.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market session, Rana Kapoor has initiated talks to sell a part of his holding to One97 Communications Ltd, the parent of Paytm and Paytm Payments Bank.

ONGC is the top loser in today's market after the company plans to buy out the rest of a western Indian petrochemical project

Key Market News

  • FM Sitharaman's explanation for the auto slowdown: Millennials prefer Ola, Uber.
  • RBI flags frauds, asks banks to evaluate transitory account dealings: Report.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 188 crore on Monday, DIIs were net buyers to the tune of Rs 686 crore.

Stocks To Watch

SIEMENS is on the upside while TCS is on the downside.

SIEMENS is currently quoting at Rs.1,226.85 up by Rs 38.60 or 3.27% from its previous closing of Rs. 1,188.25 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. The stock has given a healthy breakout and likely to remain bullish in the coming days.

TCS is currently quoting at Rs.2,185.00 down by Rs. 12.50 or -0.57% from its previous closing of Rs.2,197.50 on the NSE. The NSE stock has touched a 52 week high of Rs 2,296.20 on 03-SEP-2019 & a 52 week low of Rs 1,784.35 on 29-OCT-2018. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 09-September-2019

Midcap index outshined, Nifty above 11,000-mark

The Global market looked positive on the overall plan of stimulus by the china and the hope of federal rate cut, this eases some concern of global growth. However, In the early trade Indian share market was trading lower. the Sensex was down 151.08 points or 0.41% at 36830.69, and the Nifty down 42.40 points or 0.39% at 10903.80. Among sectors, except pharma, all other indices were trading lower led by auto, metal, energy, bank and IT.

The benchmark indices had made a strong comeback after the fall in morning trade,The move had been backed by ICICI & HDFC Bank, However, the IT pack had been facing the headwind down nearly 0.50 percent. The Sensex was 175.10 points up at 37,156.87 & Nifty at 10,998.65. Following the same strength, the broader was trading with the gains of 0.74 & 0.41 percent in mid & small-cap.

Indian share market had a strong closing in todays trade. Its been witnessing that d-street had the upper hand of the bulls in the short run as well as there are positive global clues from the global market which are supporting the sentiments. On the sectoral front, the banking and auto stock had led its way, While, IT was the only sector that had disappointed throughout the day. The Sensex grew by 163.68 points at 37,145.45 and the Nifty50 rose 56.80 points to 11,003. The broader market outperformed the frontline indices with the Nifty Midcap index rising over a percent. On the options front maximum Put OI is at 10900 followed by 10800 strikes, while maximum Call OI is at 11000 followed by 11200 strike in September series.

Top Gainers

YESBANK by 4.30% to Rs 63.00, UPL by 3.85% to Rs 589.80, MARUTI by 2.72% to Rs 6,355.50, LT by 2.40% to Rs 1,360.50, BHARTIARTL by 2.28% to Rs 357.20.

Top Losers

HCLTECH By -1.40% to Rs 1,085.00, EICHERMOT by -1.26% to Rs 16,201.00, INFY by -1.21% to Rs 830.00, TECHM by -1.07% to Rs 714.00, BAJAJ-AUTO by -1.03% to Rs 2,810.00.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market session, Yes Bank partners Microsoft to strengthen its AI-powered banking solutions

HDFC is the top loser in today's market after, Purdue Pharma, which is being primarily blamed for the opioid epidemic and is in settlement talks, is expected to pay as much as $12 billion and file for bankruptcy to re-emerge as a public trust, HCL Tech is IT services vendors to Purdue Pharma.

Key Market News

  • Oil rises as Saudi Arabia signal OPEC cut to continue
  • 18 PSBs hit by 2,480 cases of fraud of Rs 32,000 cr in Q1: RTI
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 957 crore on Friday, DIIs were net buyers to the tune of Rs 1,207 crore.

Stocks To Watch

SIEMENS is on the upside while TCS is on the downside.

SIEMENS is currently quoting at Rs.1,226.85 up by Rs 38.60 or 3.27% from its previous closing of Rs. 1,188.25 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. The stock has given a healthy breakout and likely to remain bullish in the coming days.

TCS is currently quoting at Rs.2,185.00 down by Rs. 12.50 or -0.57% from its previous closing of Rs.2,197.50 on the NSE. The NSE stock has touched a 52 week high of Rs 2,296.20 on 03-SEP-2019 & a 52 week low of Rs 1,784.35 on 29-OCT-2018. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 05-September-2019

Nifty ends flat, Sensex sheds 80 pts; Tata Motors up 8%

Indian share market had a strong start, tracking the positive global markets. After the harsh reaction toward the GDP numbers, the market is getting stable and a much-needed relief rally can be witnessed in the d-street. The Sensex was up 126.34 points or 0.34% at 36851.08, and the Nifty grew by 50.60 points or 0.47% at 10895.30. All the sectoral indices were trading higher led by the metal, energy, infra, auto, bank and IT. Midcap and smallcap indices were also trading in green.

Benchmark indices were been trading flat, holding their gains in the afternoon session. Infosys was the top contributor to the nifty indices, Whereas, HDFC Ltd had been the lagger to the benchmark. The Sensex was 67.17 point higher at 36,791.90 & Nifty at 10,886.05. The Mid & Small-Cap were also trading with gains of more than 0.50 percent each.

The Indian share market missed the thrill factors that normally held in the expiry day. The entire last session has been a tussle between the bulls and bears with the result held to be a draw. The point to admire was nifty not losing its strength and holding the 10800 marks, While banking and financial stock slips and closed at days low giving a hard time to the benchmark indices. the Sensex closed at 36,644.42, while Nifty was up by 3.20 points at 10,847.90. Surprisingly, the Auto & the Metal sector was the outperformer in todays trade, Followed by the Pharma pack. Similarly, The Mid & Small-Cap also outshined the benchmark indices settling with the gains of 0.30 & 0.80 percent. For the coming weekly Series, Max OI for Nifty is at 10,800 at Put side and 11,000 at the call side, Most likely this will act as the stiff resistance and support for the NIfty.

Top Gainers

TATAMOTORS by 8.08% to Rs 118.35, COALINDIA by 7.30% to Rs 195.45, ONGC by 5.29% to Rs 125.30, BPCL by 4.52% to Rs 380.00, YESBANK by 3.95% to Rs 61.80.

Top Losers

HDFC by -2.81% to Rs 2,041.00, IBULHSGFIN by -2.25% to Rs 448.00, ICICIBANK by -2.24% to Rs 388.60, TCS by -1.31% to Rs 2,215.95, KOTAKBANK by -1.22% to Rs 1,409.00.

Analysis Of Top Gainer And Loser

TATAMOTORS is the top gainer in today's market session, the postponement of Brexit could be helping Tata Motors perform better than other carmakers

HDFC is the top loser in today's market after, the company is witnessing continues selling pressure from the market participant.

Key Market News

  • The US imposes duties on structural steel from China, Mexico.
  • RBI asks banks to link lending rates to external benchmarks.
  • US trade deficit shrinks, the gap with China remains elevated.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,738.49 crore on Wednesday, DIIs were net buyers to the tune of Rs 1,304.58 crore

Stocks To Watch

SIEMENS is on the upside while TCS is on the downside.

SIEMENS is currently quoting at Rs.1,168.55 up by Rs 0.75 or 0.06% from its previous closing of Rs. 1,167.80 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. The stock witnessed a healthy buying interest from lower levels and likely to remain bullish, in the coming days.

TCS is currently quoting at Rs.2,215.95 down by Rs. 29.45or -1.31% from its previous closing of Rs.2,245.40 on the NSE. The NSE stock has touched a 52 week high of Rs 2,296.20 on 03-SEP-2019 & a 52 week low of Rs 1,784.35 on 29-OCT-2018. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 04-September-2019

Nifty ends above 10,800, Sensex up 161 pts; Maruti, Sun Pharma dip 3%.

Tackling the negative factors, the Indian share market began on the flat note amid the positive Asian market. The Sensex was up 45.10 points or 0.12% at 36608.01, and the Nifty up by 20.70 points or 0.19% at 10818.60. Among sectors, bank and pharma stocks were witnessing selling pressure, while some buying was seen in the FMCG, infra and IT.

In the afternoon session, Nifty was trading at days low, Reliance & Sunpharma were forming a pressure to drag indices lower. However, Financial and banking stock was stable and holding the Nifty. The Sensex was 63.30 point down at 36,499.61 & Nifty at 10,771.25. The broader market also had a cut of 0.40 percent in mid & small-cap.

Indian share market closed with the positive bias, thanks to the Metals and Bank stocks which had shown signs of short covering, which is positive for the market as these stocks have very high beta and can change the momentum of the market. the Sensex grew by 161.83 points at 36,724.74, while Nifty was up by 39 points at 10,836.90. Among sectors, buying seen in the bank, energy, infra, IT and metal, while FMCG, auto, and pharma remained under pressure. The broader market followed the same with mid & small-cap rose by 0.50 percent each. At present, Nifty needs to hold above 10,800 to witness a bounce towards 10,950 and then 11,000 levels, while on the downside, supports are seen at 10,750 and then 10,700 levels.

Top Gainers

TATASTEEL by 2.88% to Rs 340.95, BPCL by 2.82% to Rs 366.25, IOC by 2.81% to Rs 120.55, DRREDDY by 2.66% to Rs 2,600.20, JSWSTEEL by 2.45% to Rs 215.30.

Top Losers

MARUTI by -4.04% to Rs 5,805.20, SUNPHARMA by -3.04% to Rs 426.00, BRITANNIA by -3.02% to Rs 2,626.05, TATAMOTORS by -2.57% to Rs 109.75, ASIANPAINT by -2.52% to Rs 1,537.00.

Analysis Of Top Gainer And Loser

TATASTEEL is the top gainer in today's market session, the stock witnessed a good buying interest from the market participant.

MARUTI is the top loser in today's market after the company announces 2-day shutdown of Gurugram, Manesar plants

Key Market News

  • NPAs may come down to Rs 9.1 lakh cr by FY20: Report
  • RBI's task force recommends moves to ease credit markets
  • Pound hits 3-year low as election threat adds to Brexit jeopardy
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 2,016.20 crore on Tuesday, DIIs were net buyers to the tune of Rs 1,251.35 crore.

Stocks To Watch

SIEMENS is on the upside while GLENMARK is on the downside.

SIEMENS is currently quoting at Rs.1,170.55 up by Rs 12.80 or 1.11% from its previous closing of Rs. 1,157.75 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. The stock witnessed a healthy buying interest from lower levels and likely to remain bullish, in the coming days.

GLENMARK is currently quoting at Rs.382.00 down by Rs. -8.85or -2.26% from its previous closing of Rs.390.85 on the NSE. The NSE stock has touched a 52 week high of Rs 390.85 on 10-SEP-2018 & a 52 week low of Rs 353.50 on 23-AUG-2019. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 03-September-2019

Nifty suffers its biggest fall of this year; RIL, HDFC shares plunge

Tracing the lower than expected GDP numbers, along with a decline in GST collection opened the Indian benchmark indices in the negative territory. Besides, the merger of the PSU Banks spooked the market sentiment. Amidst that, the Sensex opened with a decline of 279.58 points at 37,053.21, while Nifty was down by 92.20 points at 10,931.10. On the sectorial font, except IT all other sectors were trading in the red.

In the afternoon session, the Indian share market was trading at the days low, HDFC & the ICICI Bank dragged the indices. The Sensex was down by 1.01 percent at 36,955.81 & Nifty at 10,909.55. The broader market followed the benchmark indices, down by 0.68 & 0.77 percent in Mid & small-cap.

The Indian equity market clocked its worst fall since October 2018. Most of the name goes to the Reliance industries which contributed a major portion in the fall of nifty. In all, the indices were trading under-pressure throughout the day among which the last hour selling squeezed the bears out of the d-street. the Sensex declined by 769.88 points or 2.06% at 36,562.91, while Nifty fall by 225.40 points or 2.04% at 10,797.90. The damage was enormous across the segment with Mid & Small -cap drop by 2.05 & 1.77 percent, With a surge in the India Vix, more than 18 percent. All the sectoral indices witnessed heavy selling pressure with consumer durables, metals and banks being the top losers. In the near term, weak domestic sentiment and uncertain global cues may continue to have a negative impact on India. Further, the falling rupee is a key concern, which could negatively impact market sentiment. On the global front, trade tensions between the US and China are likely to induce volatility across markets.

Top Gainers

TECHM by 1.35% to Rs 703.00, HCLTECH by 0.51% to Rs 1,106.00.

Top Losers

TATASTEEL By -4.52% to Rs 329.30, ULTRACEMCO by -4.37% to Rs 3,875.00,ICICIBANK by -4.35% to Rs 391.85, TITAN by -4.23% to Rs 1.058.40, IOC by -4.12% to Rs 117.40.

Analysis Of Top Gainer And Loser

TECHM is the top gainer in today's market session, the depreciation of rupee against dollar support the TECHM to close higher.

TATASTEEL is the top loser in today's market after the company stated it would shut parts of its non-core businesses in the United Kingdom.

Key Market News

  • China, US kick off a new round of tariffs in a trade war
  • China lodges WTO trade complaint against the US.
  • Macroeconomic headwinds weighed on investor sentiments in 2018-19: SEBI annual report.
  • India Inc's foreign borrowings more than double to $4.98 billion in July: RBI.
  • Foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 11,62.95 crore on Friday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 1502.27 crore

Stocks To Watch

TECHM is on the upside while AMARAJABAT is on the downside.

TECHM is currently quoting at Rs.703.00 up by Rs 9.35 or 1.35% from its previous closing of Rs. 693.65 on the NSE. The NSE stock has touched a 52 week high of Rs. 709.05 on 05-JUL-2019 & a 52 week low of Rs.846.50 on 02-MAY-2019. The IT Pack is strong due to the depreciation of rupee vs dollar and among which TechM is likely to remain bullish.

AMARAJABAT is currently quoting at Rs.620.00 down by Rs. -0.20or -0.03% from its previous closing of Rs.620.20 on the NSE. The NSE stock has touched a 52 week high of Rs 880.00 on 28-AUG-2018 & a 52 week low of Rs 572.85 on 20-JUN-2019. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 29-August-2019

Sensex, Nifty Extend Declines As Private Lenders Drag; Sunpharma outshine.

Indian share market had a weak start on the F&O expiry day. Tracking the mixed global clues, plus the Global bond yields, which was lingering near the record low levels spooked the sentiment. The Sensex was down 151.90 points or 0.41% at 37299.94, while the Nifty was down by 47.60 points or 0.43% at 10998.50. Among sectors, except pharma, all other indices are trading lower led by the metal, bank, IT, infra, FMCG and energy.

In the afternoon session, the Indian share market was trading at the days low. HDFC Twins & ICICI bank was dragging the index lower, While Sunpharma was the top contributor to the nifty indices. The Sensex was 260 points down at 37,191.39 & Nifty at 10,967.75. A similar situation was observed in Mid & small cap which were down by 0.91 & 0.73 percent. On the sectoral side, Pharma was the only sector which was trading in the green, while all other sectors were in red led by financial and banking stock.

The August F&O series happened to be a continuation of negative closing. Mostly, banking and the financial stock were the reason for the drop in the benchmark Indices. However, the Pharma index outperformed the market, along with that, the metal sector recovered after a stiff fall in the past sessions in todays trade. At close, the Sensex declined by 382.91 points at 37,068.93, while Nifty was down by 97.80 points at 10,948.30. The broader market had also slide with the loss of 0.39 & 0.36 percent in mid & small-cap. Technically, the short term trend of Nifty continues to be negative. But, there is a possibility of an upside bounce from the lower levels in the next 1-2 sessions. Immediate supports to be watched at 10,900-860 levels. A confirmation of an upside bounce is likely to pull Nifty towards the key overhead resistance of 11,150 levels in the near term.

Top Gainers

SUNPHARAMA by 5.06% to Rs 434.00, INFRATEL by 3.46% to Rs 257.40, JSWSTEEL by 3.04% to Rs 212.00, VEDL by 2.61% to Rs 135.80,COALINDIA by 2.54% to Rs 189.75.

Top Losers

YESBANK By -3.36% to Rs 57.50, SBIN by -3.30% to Rs 275.50,HDFC by -2.63% to Rs 2,129.70, KOTAKBANK by -2.21% to Rs 1,450.90, AXISBANK by -2.21% to Rs 663.20.

Analysis Of Top Gainer And Loser

SUNPHARAMA is the top gainer in today's market session, After Report Of SEBI Clearing Fraud Allegations of the company.

YESBANK is the top loser in today's market, Moodys Investors Service downgraded Yes Banks creditworthiness deeper into junk status.

Key Market News

  • MFs cut investment to NBFCs but hike exposure to G-secs, T-bills in April-July
  • Govt relaxes FDI norms: 100% FDI in coal mining, contract manufacturing; 26% in digital media
  • Nestle India to replace Indiabulls Housing Finance in Nifty50 with effect from September 27.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 935.27 crore on Wednesday, DIIs were net buyers to the tune of Rs 359.32 crore.

Stocks To Watch

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

UPL is currently quoting at Rs.558.40 up by Rs 1.40 or 0.25% from its previous closing of Rs. 557.00 on the NSE. The NSE stock has touched a 52 week high of Rs. 709.05 on 05-JUL-2019 & a 52 week low of Rs.388.10 on 08-OCT-2018. The stock is being traded with strength from the last couple of days and likely to remain bullish in the coming days.

AMARAJABAT is currently quoting at Rs.612.00 down by Rs. -0.60 or -0.10% from its previous closing of Rs.612.60 on the NSE. The NSE stock has touched a 52 week high of Rs 880.00 on 28-AUG-2018 & a 52 week low of Rs 572.85 on 20-JUN-2019. The stock is facing selling pressure from higher levels indicating the weak trend in the stock.

Share Market News 28-August-2019

Nifty snaps 3-day gains, Below 11,100 levels; RBL down 12 %

The revealing data of FIIs selling the equities even after the rollback of the surcharges turned investors cautious. The benchmark indices corrected after three-day gains. Sensex was down 45.94 points at 37,595.33 and the Nifty fell 16.90 points to 11,088.50. Among sector compiled by NSE traded higher, led by the Pharma Indexs 0.80 percent gain. Metal Index was the top sectoral loser, down 0.65 percent.

In the afternoon session, Benchmark indices were trading at the days low. Heavyweight Reliance & HDFCBK were dragging the market lower, The Sensex was trading at 37,504.22 down 137.05 points & Nifty at 11,063.70. On the sectoral front, Metal was the worst performer, while buying was seen among the reality stocks. Similar pain was visible in the mid & small-cap also.

The Indian share market had a free-fall from the first tick of market opening. The sentiment got worsened in the last trading session. The banking stock and taking the heat from the trade war, the metal stock failed once again with Tata steel & JSW steel lost 4 percent each. However, the INR depreciation helped the IT pack to be the major contributor for the Nifty. At last, the Sensex declined by 189.43 points at 37,451.84 and Nifty50 fell by 59.30 points to 11,046.10. Following the same, the broader market closed with the cut of 0.97 & 0.67 percent in mid & small-cap. Currently, Nifty has been consolidating in the range of 10,700-11,200 for the past few weeks. 11,200 acts as a very strong resistance and crossing the same is critical for the index to resume its uptrend. On the downside breach of 10,800 is expected to infuse further selling pressure. Tomorrow will be an important day to watch, the expiry day is likely to bring the volatility and the roll-over data can also provide some clear picture for the Sep futures trend.

Top Gainers

HCLTECH by 2.72% to Rs 1,122.80, BPCL by 2.48% to Rs 350.80, INFY by 2.40% to Rs 803.50, INFRATEL by 2.20% to Rs 250.45,16,300.05 by 1.90% to Rs 16,300.05.

Top Losers

YESBANK By -7.13% to Rs 59.90, TATASTEEL by -4.29% to Rs 335.85,JSWSTEEL by -3.82% to Rs 205.22, VEDL by -3.77% to Rs 132.90, COALINDIA by -3.73% to Rs 184.70.

Analysis Of Top Gainer And Loser

HCLTECH is the top gainer in today's market session, the INR depreciation helped the IT pack among which HCl tech being the top performer.

YESBANK is the top loser in today's market, ahead of board meet on fundraising.

Key Market News

  • Mutual fund industry eyes Rs 100 lakh cr AUM, 10 cr investor base in the next decade: AMFI.
  • Stimulus measures to support sentiment but headwinds to drag growth to 6.4%: Moody's.
  • Cabinet to think of relaxing FDI criteria.
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 923.94 crore on Tuesday, DIIs were net buyers to the tune of Rs 1,162.65 crore,

Stocks To Watch

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

UPL is currently quoting at Rs. 558.00 up by Rs 2.00 or 0.36% from its previous closing of Rs. 556.00 on the NSE. The NSE stock has touched a 52 week high of Rs. 709.05 on 05-JUL-2019 & a 52 week low of Rs.388.10 on 08-OCT-2018. The stock is being traded with strength from the last couple of days and likely to remain bullish in the coming days.

JSWSTEEL is currently quoting at Rs.205.25 down by Rs. -8.15or -3.82% from its previous closing of Rs.213.40 on the NSE. The NSE stock has touched a 52 week high of Rs 202.80 on 28-AUG-2019 & a 52 week low of Rs 206.30 on 26-AUG-2019. The stock has broken the 52-week low level and will likely to remain bearish in the coming days.

Share Market News 27-August-2019

Sensex, Nifty Close At Two-Week High; Tata Motors climbs 9%

Favorable domestic cues along with positive global markets helped the Indian benchmark indices to open on a higher side. On the approval of 1.76 lakh crore payout to the government through RBI, boosted the sentiment of the market participant. the Sensex rose 138.98 points to 37,633.10 and the Nifty climbed 44.70 points to 11,102.60.

The benchmark indices were trading flat holding the morning gains. The strength was coming from the Auto & Metal stocks which kept the Sensex 164 points higher at 37,658 & Nifty at 11,114. The buying interest was more uplifted in the broader market with mid & small-cap up by 0.99 & 1.74 percent.

Indian share market for the third day in a row registered the positive gains in the d-street. However, on the daily chart, an indecisive Doji has formed indicating confusion among the market participant regarding the future trend. The Two positive news (RBI's surplus transfer and FPI surcharge withdrawal) may have changed the market sentiment for the short run but it hasn't changed the ground reality. Nevertheless, In todays trading session, The Sensex rose by 0.39 percent to close at 37,641.27 and the Nifty rose by 0.43 percent to 11,105.35. Among sector, Auto & Metal were the top-performing ones, While IT had a closing in the red. The Broader market outshined finishing with the gains of 0.74 & 1.80 percent in mid & small-cap.

Top Gainers

TATAMOTORS by 8.96% to Rs 120.45, BRITANNIA by 6.70% to Rs 2,703.60, TATASTEEL by 4.08% to Rs 351.85, YESBANK by 3.26% to Rs 64.95,NTPC by 3.25% to Rs 123.95.

Top Losers

IBULHSGFIN By -3.52% to Rs 470.60, BHARTIARTL by -3.52% to Rs 347.95, TECHM by -2.32% to Rs 675.10, INFY by -2.12% to Rs 785.50, GRASIM by -1.61% to Rs 725.45.

Analysis Of Top Gainer And Loser

TATAMOTORS is the top gainer in today's market session, The overall auto pack witnessed the buying interest among which TAMO was the top performer.

IBULHSGFIN is the top loser in today's market, the stock has witnessed hefty selling pressure resulted in the stock to be the top loser.

Key Market News

  • RBI to transfer Rs 1.76 lakh crore surplus to the government.
  • BSE launches interest rate options.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 752.90 crore on Monday, DIIs were net buyers to the tune of Rs 1,272.29 crore.

Stocks To Watch

SIEMENS is on the upside while JSWSTEEL is on the downside.

SIEMENS is currently quoting at Rs. 1,194.60 up by Rs 22.40 or 1.91% from its previous closing of Rs. 1,172.20 on the NSE. The NSE stock has touched a 52 week high of Rs. 1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. On the daily chart, the stock has witnessed a trendline break out with an increase in volume the stock is likely to be bullish in the coming days.

JSWSTEEL is currently quoting at Rs.213.50 down by Rs. -0.60 or -0.28 % from its previous closing of Rs.214.10 on the NSE. The NSE stock has touched a 52 week high of Rs 427.55 on 21-SEP-2018 & a 52 week low of Rs 206.30 on 26-AUG-2019. The stock has been trading in a downtrend and likely to remains so.

Share Market News 26-August-2019

Sensex, Nifty Log Best Day Since Exit Polls on relief measures; Nifty Above 11,000

India benchmark Indices had a mighty start, on the back of stimulus measure announcement by the Finance Minister Nirmala Sitharaman, including the withdrawal of the surcharge, Which fueled the positive sentiments among the market participants. the Sensex Grew by 355.21 points at 37,056.37, while Nifty headed up by 108.60 points at 10,938. Among sectors, except IT and metal all indices are trading in the green led by the PSU bank, auto, energy, infra, and FMCG.

Despite the negative global clues, Benchmark indices had a sharp rise in the early trade. however, the profit-booking emerged which erased most of the indices gains. The escalation in the trade war between the US & China was an influential reason on which the investor turns cautious. The Sensex was trading at, 36,951.38 & Nifty at 10,897.80. The Broader marker was also trading with the healthy gains of 0.41 & 1.05 percent in mid & small-cap. Among sectors, metal was the worst-performing one, declined more than 3 percent, While Banking & FMCG were the biggest contributors in gains.

Indian benchmark indices after a long time have shown such a strength in the day. The rally was led by the banking & financial stocks, which boosted Nifty to jump 228.50 points or 2.11 percent to close at 11,057.90 & Sensesex at 37,494.12. The metal was the only sector which ended with the loss of nearly 1 percent. Along with the benchmark indices, the broader market also participated in the broad-based rally posting the gains of 1.58 & 2.34 percent in mid & small-cap. The index managed to close above the strong hurdle of 11k mark hinting bulls are trying to grab a grip from the lower end, now the Nifty has immediate hurdle near 11,100-11,180 zone. Any decisive break above 11,180 can push index towards 11,350 zones in the near term and support for the index is coming near 11,000-10,930 zone.

Top Gainers

ADANIPORTS by 5.81% to Rs 369.65, HDFC by 5.20% to Rs 2,150.00, BAJFINANCE by 5.06% to Rs 3,335.00, YESBANK by 5.06% to Rs 62.25,ULTRACEMCO by 5.00% to Rs 4,055.00.

Top Losers

JSWSTEEL By -3.06% to Rs 213.90, VEDL by -2.29% to Rs 134.25, TATASTEEL by -2.10% to Rs 338.00, HEROMOTOCO by -2.09% to Rs 2,585.10, SUNPHARMA by -2.07% to Rs 418.95.

Analysis Of Top Gainer And Loser

ADANIPORTS is the top gainer in today's market session ahead of the company's buyback that will open on September 6.

JSWSTEEL is the top loser in today's market, after an escalation in the trade war the overall metal pack was in selling pressure among which JSW witnessed the biggest cut.

Key Market News

  • Forex reserves slide marginally by $70.8 mn to $430.5 bn.
  • Trump hits back at China with more tariffs amid the escalating trade war.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,737.20 crore on Friday, DIIs were net buyers to the tune of Rs 1,548.49crore.

Stocks To Watch

TECHM is on the upside while NAUKRI is on the downside.

TECHM is currently quoting at Rs. 690.80 up by Rs 6.95 or 1.02% from its previous closing of Rs. 683.85on the NSE. The NSE stock has touched a 52 week high of Rs.846.50 on 02-MAY-2019 & a 52 week low of Rs.607.15 on 31-JUL-2019. The IT sector seems like the safe heaven and TECHM is looking strong and likely to remain on the buying side in the coming days. Plus the deprecation INR would benefit the IT sectors

NAUKRI is currently quoting at Rs.1,900.95 down by Rs. -38.40 or -1.98 % from its previous closing of Rs.1,939.35 on the NSE. The NSE stock has touched a 52 week high of Rs 2,443.90 on 03-JUN-2019 & a 52 week low of Rs 1,310.65 on 04-OCT-2018. The stock is after a triangle breakdown is continuously in a downtrend and likely to remain so.

Share Market News 22-August-2019

Sensex tumbles 587 pts, Nifty below 10,750; Yes Bank, DLF plunge

Despite the positive global market, Indian equities had a weak start on the weekly expiry day. The Sensex was down 91.50 points at 36968.87, while Nifty declined by 33.40 points at 10885.30. Among sectors, except pharma and FMCG other indices were trading lower led by the metal, auto, energy, infra and IT.

Its an unstoppable selling that can be witnessed in the d-street during the afternoon session. The worst was noticed in the realty sector from which DLF crash more than 16 percent, Bank & metal are the other sectors which followed the same path. The bulls somehow have taken shelter in the FMCG and the pharma stock. The Sensex was down by 254.51 points at 36,805.86 & Nifty at 10,834.75. The pessimism can also be seen in the broader market with mid & small-cap down by 1.1.15 & 1.87 percent

On the thrilling weekly expiry day, The bears squeezed the bulls in the last leg of todays trade. Banking, Auto & reality stock were the culprits who plunged the market lower, whereas the IT sector was the only lone survival to close in green. The main reason for IT to close in positive was the rupee which tumbled to its lowest this year against the US dollar. The major cause for the fall might be the growing uneasiness among the participants as they are keenly awaiting some action from the government to boost the market sentiment. At close, The Sensex fell 587 points lower at 36,472 while Nifty settled 1.7% lower at 10,736. With no surprise, the broader space ends with a cut of 1.91 & 2.80 percent in mid & small-cap.

Top Gainers

BRITANNIA by 1.72% to Rs 2,425.40, TECHM by 1.52% to Rs 683.00, DRREDDY by 1.20% to Rs 2,533.05, TCS by 1.09% to Rs 2,210.00,HINDUNILVR by 1.03% to Rs 1,869.10.

Top Losers

YESBANK By -12.16% to Rs 57.45, VEDL by -7.61% to Rs 129.30, BAJAJFINSV by -5.20% to Rs 6,774.00, IBULHSGFIN by -5.18% to Rs 458.50, BAJFINANCE by -4.52% to Rs 3,113.90.

Analysis Of Top Gainer And Loser

BRITANNIA is the top gainer in today's market session, the stock has seen a buying after a sharp fall in the last couple of weeks.

YESBANK is the top loser in today's market, the stock falls for a third straight session on concerns over CG Power

Key Market News

  • Government mulls 100% FDI in contract manufacturing.
  • SEBI simplifies registration rules for FPIs; amends insider trading prohibition norms.
  • Foreign portfolio investors were sellers of domestic stocks to the tune of Rs 771 crore on Wednesday, DIIs were net buyers to the tune of Rs 354 crore.

Stocks To Watch

TECHM is on the upside while LICHSGFIN is on the downside.

TECHM is currently quoting at Rs. 683.00 up by Rs10.20 or 1.52% from its previous closing of Rs. 672.80 on the NSE. The NSE stock has touched a 52 week high of Rs.846.50 on 02-MAY-2019 & a 52 week low of Rs.607.15 on 31-JUL-2019. In the sharp fall in d-street, The IT sector seems like the safe heaven and TECHM is looking strong and likely to remain on the buying side in the coming days.

LICHSGFIN is currently quoting at Rs.416.25 down by Rs. -47.15 or -10.17% from its previous closing of Rs.463.40 on the NSE. The NSE stock has touched a 52 week high of Rs 587.00 on 05-JUL-2019 & a 52 week low of Rs 387.60 on 05-OCT-2018. The stock is continually trading in a downtrend as the selling pressure is higher and likely to remains so.

Share Market News 21-August-2019

Sensex slips 268 pts on slowdown concerns, Nifty ends at 10,919; Tata Motors down 9%

Indian stock markets were seen under pressure following the weakness in global peers and due to a lack of positive triggers for domestic investors. The Sensex was down by 19.64 points at 37,308.37, while Nifty declined by 10.90 points at 11,006.10. Among sectors, except IT other indices are trading lower led by the metal, FMCG and energy.

Indian benchmark indices were fluctuating between gain and losses in the afternoon session. The Sensex was 9.69 points down at 37,318.82 & Nifty was trading at 11,002.35. Among sectors, IT was the top-performing one, While PSUBank, Reality & Metal were the worst hit. However, the selling pressure was higher in the broader market, with mid & small-cap down by 0.67 & 0.59 percent respectively.

Another day for the Indian share market to fall after a rise at the start, Once again the auto and IT sector tried, but the fall was such impactful that the overall d-street ended in the red. However, Nifty survived the 11,900 level for the day. the Sensex declined by 267.64 points at 37,060.37, while Nifty was down by 98.30 points at 10,918.70. Following the benchmark, the broader market had also taken a hit of 1.57 & 1.95 percent in mid & small-cap. Tomorrow is the weekly expiry day, Its likely that there will be an increase in volatility. we may also witness the short-covering but how much will be the question. However, It seems that the Nifty has started the fifth leg of an Impulse on the downside. The crucial target on the downside is at 10,496, which is 78.6% retracement of the Oct June rally.

Top Gainers

HEROMOTOCO by 1.64% to Rs 2,713.00, MARUTI by 0.97% to Rs 6,250.90, INFY by 0.82% to Rs 799.25, TECHM by 0.72% to Rs 673.70,EICHERMOT by 0.53% to Rs 15,980.00.

Top Losers

TATAMOTORS By -9.57% to Rs 112.00, IBULHSGFIN by -8.94% to Rs 474.80, YESBANK by -8.64% to Rs 65.05, GRASIM by -4.69% to Rs 695.05, TATASTEEL by -4.54% to Rs 342.00.

Analysis Of Top Gainer And Loser

HEROMOTOCO is the top gainer in today's market session, clarified that it has not participated in fundraising for e-mobility startup Blu Smart Mobility.

TATAMOTORS is the top loser in today's market, Care Ratings downgraded long term rating of Tata Motors to AA- from AA, with outlook changing from Stable to Negative.

Key Market News

  • NSE revises eligibility criteria for inclusion in Nifty indices, "all equity shares that are traded (listed and traded and not listed but permitted to trade) at the exchange are eligible for inclusion in the Nifty indices,"
  • Foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 373 crore on Tuesday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 296 crore

Stocks To Watch

TECHM is on the upside while LICHSGFIN is on the downside.

TECHM is currently quoting at Rs. 673.70 up by Rs 4.80 or 0.72% from its previous closing of Rs. 668.90 on the NSE. The NSE stock has touched a 52 week high of Rs.846.50 on 02-MAY-2019 & a 52 week low of Rs.607.15 on 31-JUL-2019. In the sharp fall in d-street, The IT sector seems like the safe heaven and TECHM is looking strong and likely to remain on the buying side in the coming days.

LICHSGFIN is currently quoting at Rs.458.50 down by Rs. -12.70 or -2.70% from its previous closing of Rs.471.20 on the NSE. The NSE stock has touched a 52 week high of Rs 587.00 on 05-JUL-2019 & a 52 week low of Rs 387.60 on 05-OCT-2018. The stock is continually trading in a downtrend as the selling pressure is higher and likely to remains so.

Share Market News 20-August-2019

Sensex, Nifty Halt Three-Day Gaining Streak; Mahanagar Gas rallies 10%

The hope of stimulus in major economies boosted the sentiment of investors across the globe. Tracking the same, the Indian share market opened with marginal gains. The Sensex grew by 28.28 points at 37,430.77, while Nifty was up by 1.30 points at 11,055.20. Among sectors, FMCG and metal were witnessing selling pressure, while buying emerged in the auto, infra, IT and pharma. The Midcap and Smallcap were trading flat.

In the afternoon session, Indian benchmark indices were trading at days low and were struggling to gather the strength. IT & Auto were the major contributor to Nifty, While PSU bank & metal were among the top losers. The Sensex was down 96 points at 37,306 & NIfty at 11012.65. The broader market had witnessed a sharper cut of 1 percent each.

Indian equity benchmarks snapped their three-day gaining streak despite a recovery for automakers, Specifically Maruti which closed with the gains of 4 percent. Other than Auto, IT stocks again contributed, which kept Nifty above the 11,000 level. At closing, The Sensex declined by 74.48 points at 37,328.01, while Nifty was down 36.90 points at 11,017. The hit was higher in the broader market with mid & small-cap down by 0.85 & 0.62 percent. At present, Investors are pinning hopes on any stimulus/measures from the government to lift market sentiment. On the other hand, sentiment seems to be improving in the global markets post announcement of stimulus/measures by countries such as China and Germany.

Top Gainers

MARUTI by 4.02% to Rs 6,223.00, TATAMOTORS by 2.48% to Rs 123.80, HCLTECH by 1.97% to Rs 1,085.05, INFY by 1.91% to Rs 792.50,DRREDDY by 1.75% to Rs 2,553.00.

Top Losers

YESBANK By -6.65% to Rs 71.55, IBULHSGFIN by -3.32% to Rs 519.00, BRITANNIA by -3.24% to Rs 2,398.00, ULTRACEMCO by -3.23% to Rs 4,023.70,INDUSINDBK by -2.66% to Rs 1,404.10.

Analysis Of Top Gainer And Loser

MARUTI is the top gainer in today's market session, On the expectation of the stimulus from the government, Maruti drives in the positive momentum.

YESBANK is the top loser in today's market, following worries over the valuation of stake in Gautam Thapar's CG Power, which has been hit by allegations of financial irregularities.

Key Market News

  • SEBI building framework to allow rating agencies access to loan default information.
  • Govt removes the debenture reserve requirement for housing finance cos, NBFCs.
  • Foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 306 crore on Monday, DIIs were net buyers to the tune of Rs 386 crore

Stocks To Watch

SIEMENS is on the upside while LICHSGFIN is on the downside.

SIEMENS is currently quoting at Rs. 1,163.55 up by Rs 3.40 or 0.29% from its previous closing of Rs. 1,166.95 on the NSE. The NSE stock has touched a 52 week high of Rs.1,367.05 on 05-JUL-2019 & a 52 week low of Rs.850.25 on 09-OCT-2018. The stock after the sharp correction had formed a bottom and at present, the stock is gathering the strength to move in the uptrend.

LICHSGFIN is currently quoting at Rs.472.35 down by Rs. -6.10 or -1.27% from its previous closing of Rs.478.45 on the NSE. The NSE stock has touched a 52 week high of Rs 587.00 on 05-JUL-2019 & a 52 week low of Rs 387.60 on 05-OCT-2018. The stock is continually trading in a downtrend as the selling pressure is higher and likely to remains so..

Share Market News 19-August-2019

Last hour selling erases all gains, Sensex, Nifty end flat; Economy Awaits Stimulus.

Indian equities had a strong opening, on the optimism in global markets. The hope of more stimulus from central banks around the world gathered a positive momentum across the globe. The Sensex was up 206.35 points at 37,556.68, while the Nifty grew by 61.80 points at 11,109.60. All the sectoral indices are trading in the green led by the pharma, IT, bank, auto, FMCG, infra and metal.

In the afternoon session, Indian benchmark indices were trading near the day's high with Nifty above 11,100. The Sensex grew 284 points at 37,634.35, while Nifty was up 78.05 points at 11,125.85. Among sectors except for metal & PSU banks, all other sectors were performing in the higher side led by the pharma sector. The broader market was also trading with a gain of 0.50 percent each.

The last hour selling pressure erased all the intraday gains closing the benchmark indices marginally higher. The Sensex was up 52.16 points at 37,402.49, while Nifty was up 6.10 points at 11,053.90. Amongst the broader market indices, Midcap and Smallcap ended higher by 0.29% and 0.46% respectively. On the sectorial front, auto, FMCG and metal witnessed selling pressure, while buying seen in the infra, IT and pharma. Going ahead there are no key domestic triggers, the focus will now be on economic recovery and any stimulus/measures from the Indian government may boost sentiments. Moreover, positive global developments (stimulus announcement by Germany and interest rate reforms by China) have also infused positivity amongst the investors.

Top Gainers

SUNPHARMA by 2.72% to Rs 426.00, TECHM by 2.26% to Rs 673.90, AXISBANK by 1.41% to Rs 685.20, INFRATEL by 1.32% to Rs 252.50,TITAN by 1.24% to Rs 1,089.10.

Top Losers

YESBANK By -3.34% to Rs 76.80, GRASIM by -2.56% to Rs 733.00, IBULHSGFIN by -1.69% to Rs 533.60, GAIL by -1.66% to Rs 127.50, COALINDIA by -1.51% to Rs 198.90.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market session after US health regulator referred to company's Halol Plant as 'No Action Indicated'

YESBANK is the top loser in today's market, as the fund rising through a qualified institutional placement (QIP) may not be enough to tide over its current liquidity crunch, as per the s-street analyst.

Key Market News

  • Forex reserves at an all-time high of $430.57 bn
  • FPIs pull out Rs 8,319 crore so far in August
  • India's holding of US govt securities surges to $162.7 billion
  • foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,339 crore on Friday, DIIs were net buyers to the tune of Rs 1,058 crore.

Stocks To Watch

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

SUNPHARMA is currently quoting at Rs.426.00 up by Rs 11.30 or 2.72% from its previous closing of Rs. 414.70 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 overall pharma sector is witnessing a healthy buying among which Sunpharma has the highest buying interest and likely to remain so.

LICHSGFIN is currently quoting at Rs.478.05 down by Rs. -2.25 or -0.47% from its previous closing of Rs.480.30 on the NSE. The NSE stock has touched a 52 week high of Rs 587.00 on 05-JUL-2019 & a 52 week low of Rs 387.60 on 05-OCT-2018. The stock is continually trading in a downtrend as the selling pressure is higher and likely to remains so.

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

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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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