Market Ready To Take Off; Last Call For Investors

Share Market Weekly

Share/Stock Market News & Analysis for Week Ending 13th-Apr-2019

With every positive trigger like better CPI inflation, strong Industrial output & easing of US-China trade war concerns helping market to move upside & Investors are taking this opportunity with both hands as both Domestic as well as Foreign Investors started to add on their portfolio. Long-term & sectoral specific buying in quality stocks continue to seen strong buying.

Benchmark Indices:

1. The benchmark indices started the week on a higher note.

2. Sensex rose over 150 points & Nifty inched toward 10,400 levels.

3. Banking, Financials, FMCG & Oil companies led the rally while IT & Pharma traded in the red.

4. On Tuesday market closed higher for the 4th consecutive session, Nifty closed above 10,400, led by Axis, ICICI Bank, Metal & Realty stocks, amid positive global cues as China comments on free trade.

5. On Wednesday Equity market extended the gains as Sensex & Nifty closed at 1-month high, ahead of macro data & corporate earnings. Nifty Metal, IT & Auto among the top gainers while PSU Bank fell over 2%.

6. On Thursday equity indices closed higher for 6th consecutive day & posted longest winning the rally in 3-months as Sensex closed above 34K while Nifty back above 10,450 levels, led by Nifty IT index, was up over 3%.

7. On Friday market continued its upside move for 7th successive days as Sensex traded well above 50 & 100 DMA but Nifty failed to close above 10,500, amid better macro data.

Sectoral Index:

- This week broader market continued to see buying in midcap & smallcap stocks but compare to frontliners its underperformed this week.

- Nifty IT, Metal, Auto & FMCG index shows strong buying as it rallied 2-6 this week, amid better macro data while OMC, Pharma & PSU underperformed the market.

- The global market remained mix this week as US-China trade war concerns eased as China comments on free trade but Brent crude oil prices continued to spike & US CPI data & FOMC indicated higher inflation & more rate hike.

Movers & Shakers:

Shares of aluminium manufacturing company Hindalco Industries Ltd. surged over 12% throughout the week after sanctions imposed by the U.S. on Russias United Company Rusal Plc, the largest producer of the base metal outside China, is likely to help Indian aluminium producers. Also despite US recent tariff imposition on aluminium will not impact on Novelis earnings.

Shares of State-run Oil Retail Bharat Petroleum Corporation Ltd (BPCL) lost over 10% as global crude oil prices crossed over $72/Barrel and Media reports suggested that some oil marketing companies have been asked to absorb up to Rs.1/litre hike by Govt. of India. Also, Oil markets remained tense on concerns of a military escalation in Syria, but prices were some way off Wednesday's 2014 highs as bulging American supplies weighed.

Key Market Drivers:

- Indias factory output grew at a robust 7.1% in February

- Retail inflation decelerated for the fourth consecutive month to 4.28% in March, leading to the expectation that the Indian economy may be on a sustained recovery path.

- The Consumer Price Index (CPI) benefitted from softening food inflation (3.26% in February to 2.81% in March), an 8.7% growth in manufacturing output pushed Index of Industrial Production (IIP) above the 7% mark for the fourth consecutive month.

- Both sets of data were released by the Central Statistics Office (CSO) on Thursday.

India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform, the Asian Development Bank (ADB) said today. In its Asian Development Outlook, 2018, Manila-based ADB said the growth will pick up as the new tax regime improves productivity and as banking reform and corporate deleveraging take hold to reverse a downtrend in investment.

Events To Watch:

  • Indias WPI (Wholesale Price Index) will be presented on April 16th, 2018 (March). The WPI reports the change in the price of goods sold by wholesalers across India.
  • Q4FY18 result:- IT major TCS will present the result on 19th April 2018 & Indias biggest private bank HDFC Bank will present on 21st April 2018 while companies like DCB bank, Mindtree will also present Q4 result next week.
  • On the global front, Great Britains Core CPI & CPI data for MoM & YoY will be presented on April 18th and unemployment (MoM) will be presented on 17th April 2018.

Stocks To Watch:

Fortis Healthcare Ltd. is on the upside while Mahanagar Gas is on the downside.

Share Market News 12-April-2018

Market Post Longest Winning Streak In 3-Months; Nifty Above 10,450

The Benchmark indices opened flat on Thursday with Sensex up 20 points & Nifty above 10,400, amid weak global cues & spike in crude oil prices. The equity market continued to trade mildly higher as Sensex hovered around 34K while Nifty well above 10,400, amid volatility ahead of macro data due later in the day. Nifty IT index rose nearly 3% while metals, PSU banks and pharma were under pressure. Nifty midcap traded on a muted note.

In the afternoon session, equity benchmark extended gain as Sensex rose 200 points while Nifty firmly traded above 10,450 levels. IT stocks led the rally as Nifty IT index was up 3% while Nifty Metal & PSU Bank, Pharma, Realty index down over 1%. Broader markets continued to underperform the frontliners.

In last hour of trade, equity market continued to trade higher as Sensex rose 160 points while Nifty traded above 10,450. The market ended higher for 6th straight sessions. Nifty Metals, PSU banks, realty and pharma index fell over 1% while Nifty IT index was up 3.21%. Nifty midcap was down .31%. Sensex closed 160.69 points up at 34,101.13, Nifty up by 41.50 points at 10,458.65.

Top Gainers

HCL Tech by 4.10% to Rs.1,007.00, TCS by 4.04% to Rs.3,136.00, Infosys by 3.54% to Rs.1,164.05, Tech Mahindra by 3.03% to Rs.652.55, Axis bank by 1.17% to Rs.546.10.

Top Losers

VEDL by -2.39% to Rs.289.70, Lupin by -2.11% to Rs.773.00, Dr. Reddy by -1.94% to Rs.2,060.00, Tata Steel by -1.59% to Rs.598.40, Sun Pharma by -1.56% to Rs.513.30.

Analysis Of Top Gainer And Loser

HCL Tech is the top gainer in today's market as Rupee continued to shed to hit the fresh 5-month low due to a surge in crude oil prices & geopolitical tension. Also, Q4 earnings are expected to be on the better side.

VEDL is the top loser in today's market as companys iron ore production in Goa fell 58% to 1.5 million tonnes in January-March due to lower demand for low-grade ore & closure of mining operations in the state.

Key Market News

The US. Consumer Price Index slipped 0.1% last month, the first and largest drop since May 2017, after climbing 0.2% in February, the Labor Department said. In the 12 months through March, the CPI increased 2.4%. That was the largest annual gain in a year and followed February's 2.2% increase. Annual inflation is rising as the big price declines from last year drop from the calculation. Excluding the volatile food and energy components, the CPI climbed 0.2%, matching February's increase. The so-called core CPI rose 2.1% year-on-year in March, the largest advance since February 2017, after increasing 1.8% in February.

The pick-up in economic growth in India is positive for asset-backed securities (ABS), as it supports the ability of borrowers to earn income and repay their loans, Moody's Investors Service said today. Moody's expects that the Indian economy to grow at 7.6% in 2018 compared to 6.2% in 2017.

Stocks To Watch

Dish TV India Ltd. is on the upside while is Dhampur Sugar Mills Ltd. on the downside.

Dish TV is currently trading at Rs.80.25, up by Rs.6.30 or 8.52% from its previous closing of Rs.73.95 on the NSE. The scrip opened at Rs.75.50 & has touched a high & low of Rs.82.35 and Rs.74.70 respectively. So far 3,90,28,071 (NSE) shares were traded on the counter. The current market cap of the company is Rs.14,693.07 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.103.50 on 11-April-2017 & a 52 week low of Rs.63.70 on 06-March-2018.

Dhampur Sugar is currently trading at Rs.123.60, down by Rs.12.25 or 9.02% from its previous closing of Rs.135.85 on the NSE. The scrip opened at Rs.137.40 & has touched a high and low of Rs.137.40 & Rs.122.60 respectively. So far 10,64,016 (NSE) shares were traded on the counter. The current market cap of the company is Rs.821.21 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.330.50 on 01-November-2017 and a 52 week low of Rs.122.60 on 12-April-2018.

Share Market News 11-April-2018

Sensex & Nifty At 1-Month High After 5th Consecutive Days Gains

The Benchmark indices extended gain in the opening on Wednesday as Sensex was up 60 points & Nifty traded above 10,400, amid positive from Wall Street. The equity market erased gains & traded lower as Sensex was down over 50 points while Nifty fell below 10,400, amid investors look for corporate earnings, macro data. PSU Banks were the biggest losers among sectoral indices as they fell 2% while IT and Metal indices gained 1% each. Nifty midcap also traded in the red.

In the afternoon session, equity benchmark traded higher as Sensex rose 40 points while Nifty above 10,400 levels as crude oil price eased. Nifty PSU Bank fell 2% while Nifty Metal & IT was up 1%. Nifty midcap traded mildly lower.

In last hour of trade, equity market continued to consolidate as Sensex was up 50 points & Nifty traded above 10,400. The market closed higher for the 5th consecutive session. Nifty Metal, IT & Auto among the top gainers while PSU Bank fell over 2% among the sectoral indices. Sensex closed 60.19 points up at 33,940.44, Nifty up by 14.90 points at 10,417.15.

Top Gainers

VEDL by 4.59% to Rs.279.15, TCS by 2.46% to Rs.3,010, Sun Pharma by 2.31% to Rs.520.00, HCL Tech by 2.20% to Rs.969.35, Eicher Motors by 2.19% to Rs.30,629.85.

Top Losers

BPCL by -7.92% to Rs.415.40, HindPetro by -7.88% to Rs.335.90, IOC by -6.72% to Rs.167.25, Adani Ports by -2.39% to Rs.378.00, SBIN by -2.24% to Rs.257.40.

Analysis Of Top Gainer And Loser

VEDL is the top gainer in today's market after aluminium prices rose in international markets after buyers stopped buying aluminium from the world's largest manufacturer Rusal following sanctions imposed by the U.S.

BPCL is the top loser in today's market after a report by Bloomberg quoting sources said the government has asked the companies to absorb up to Rs.1/litre rise in fuel prices. Also as Brent crude oil prices held above $70/barrel.

Key Market News

India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform, the Asian Development Bank (ADB) said today. In its Asian Development Outlook, 2018, Manila-based ADB said the growth will pick up as the new tax regime improves productivity and as banking reform and corporate deleveraging take hold to reverse a downtrend in investment.

The Singapore Exchange on Wednesday said it would list Indian equity derivative products in June, nearly two months after India's three main bourses announced they would stop licensing their indexes to overseas exchanges.

Indian retail inflation was expected to have eased to a five-month low in March as rises in food prices slowed once again but remained above the central bank's medium-term target, a Reuters poll found. Annual consumer price inflation was expected to have softened to 4.20 percent in March from February's 4.44 percent, according to a poll of 35 economists taken between April 4-10.

Stocks To Watch

IRB Infra. Developers Ltd. is on the upside while is BPCL on the downside.

IRB Infra is currently trading at Rs.279.70, up by Rs.24.75 or 9.71% from its previous closing of Rs.254.95 on the NSE. The scrip opened at Rs.257.05 & has touched a high & low of Rs.282.40 and Rs.253.70 respectively. So far 1,55,73,017 (NSE) shares were traded on the counter. The current market cap of the company is Rs.9,847.63 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.282.40 on 11-April-2018 & a 52 week low of Rs.193.50 on 13-December-2017.

BPCL is currently trading at Rs.415.40, down by Rs.37.75 or 7.92% from its previous closing of Rs.451.15 on the NSE. The scrip opened at Rs.446.95 & has touched a high and low of Rs.451.00 & Rs.415.10 respectively. So far 1,84,88,413 (NSE) shares were traded on the counter. The current market cap of the company is Rs.90,566.30 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.551.55 on 30-October-2017 and a 52 week low of Rs.399.33 on 27-June-2017.

Share Market News 10-April-2018

Global Cues Lift Market For 4th Day; Nifty Above 10,400

The Benchmark indices opened higher on Tuesday with Sensex was up over 100 points & Nifty above 10,400 on positive global cues as China comments on free trade. The equity market continued to trade higher but off days high as Sensex was up 80 points while Nifty hovered around 10,400 levels as investors digested China comment & looking for March quarter earnings. Nifty Metal was the biggest gainer in sectoral indices while Nifty midcap was down by 40 points.

In the afternoon session, equity benchmark continued to trade higher amid volatility as Sensex rose over 120 points while Nifty traded above 10,400, driven by Axis Bank & ICICI bank, Nifty Metal & Realty indices while Nifty Auto & Pharma traded in the red. Nifty midcap was up by 60 points.

In last hour of trade, equity market remained positive as Sensex was up by 100 points & Nifty traded above 10,400. The market closed higher for the 4th consecutive session, led by Axis Bank, ICICI Bank, Nifty Metal & Realty while Nifty Auto & Pharma remained in the red. Nifty midcap was up 50 points. Sensex closed 91.71 points up at 33,880.25, Nifty up by 22.90 points at 10,402.25.

Top Gainers

Axis Bank by 5.43% to Rs.547.50, Hindalco by 3.91% to Rs.230.00, Tata Steel by 2.94% to Rs.603.40, ICICI Bank by 2.80% to Rs.288.70, Adani Ports by 2.73% to Rs.387.65.

Top Losers

Bajaj Finserv by -2.45% to Rs.5,425, Hero Motocorp by -2.02% to Rs.3,722, IBULHSGFIN by -1.62% to Rs.1,324, Tata Motors by -1.35% to Rs.353.45, Bajaj Finance by -1.29% to Rs.1,922.

Analysis Of Top Gainer And Loser

Axis Bank is the top gainer in today's market after its MD and CEO Shikha Sharma wanted her new term to be reduced to 7 months from 3-year tenure that has been approved by the bank's board. The sudden move comes after growing concern about Axis Banks exposure to the countrys growing problem of non-performing corporate loans.

Bajaj Finserv is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing, in a speech that also warned against returning to a Cold War mentality amid trade disputes with US counterpart Donald Trump. Xi pledged a new phase of opening up in his keynote address Tuesday to the Boao Forum for Asia, Chinas answer to Davos. While the speech offered little new policy, Xi affirmed or expanded on proposals to increase imports, lower foreign-ownership limits on manufacturing and expand protection to intellectual propertyall central issues in Trumps trade gripes.

Axis Bank board approved request to cut managing director and chief executive officer Shikha Sharmas term. She will leave now on 31 December. Sharmas fourth term as MD and CEO, which was granted last year, was originally set to end in June 2021.

Stocks To Watch

Ramco Systems Ltd. is on the upside while is Trent Ltd. on the downside.

Ramco Systems is currently trading at Rs.477.50, up by Rs.69.50 or 17.03% from its previous closing of Rs.408 on the NSE. The scrip opened at Rs.415 & has touched a high & low of Rs.489.60 and Rs.415 respectively. So far 15,19,787 (NSE) shares were traded on the counter. The current market cap of the company is Rs.1,469.24 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.572.40 on 11-January-2018 & a 52 week low of Rs.312.05 on 15-June-2017.

Trent Ltd. is currently trading at Rs.352.90, down by Rs.14.50 or 3.95% from its previous closing of Rs.367.40 on the NSE. The scrip opened at Rs.369 & has touched a high and low of Rs.370.15 & Rs.350.05 respectively. So far 1,70,291 (NSE) shares were traded on the counter. The current market cap of the company is Rs.11,744.07 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.376.40 on 06-April-2018 and a 52 week low of Rs.227.40 on 30-June-2017.

Share Market News 09-April-2018

Market Up For 3rd Day, Nifty Above 10,350; Banks Lead

The Benchmark indices opened mildly higher on Monday as Sensex rose 20 points & Nifty above 10,300, tracked a positive lead from Asian Stocks. The equity market continued to trade higher with Sensex rose over 100 points while Nifty inched toward 10,400, driven by HDFC twin, RIL & ITC. All sectoral indices traded in green except IT while Nifty midcap underperformed frontliners, was up .25%.

In the afternoon session, equity benchmark continued to trade higher as Sensex was up over 150 points while Nifty rose 50 points, driven by banks (barring ICICI Bank), Oil & FMCG stocks. Nifty IT & Pharma continued to trade in red while Nifty midcap continued to underperform frontliners, as it was up .3%.

In last hour of trade, equity market remained strong as Sensex was up by 170 points while Nifty traded well above 10,350. The market closed higher on positive global cues as trade war tensions eased. Banking, Financials & FMCG indices led rally while IT & Pharma indices traded in the red. Broader market underperformed frontline stocks as Nifty midcap was up only 75 points. Sensex closed 161.57 points up at 33,788.54, Nifty up by 47.75 points at 10,379.35.

Top Gainers

BPCL by 3.78% to Rs.450.35, Axis Bank by 3.44% to Rs.517.40, HindPetro by 3.40% to Rs.366.00, Hindalco by 3.27% to Rs.221.00, IOC by 3.16% to Rs.179.75.

Top Losers

ZEEL by -2.14% to Rs.572.00, Lupin by -1.80% to Rs.794.50, Tata Motors by -1.61 to Rs.358.25, Infosys by -1.38 to Rs.1,111.45, Bharti Airtel by -1.29 to Rs.380.00.

Analysis Of Top Gainer And Loser

HPCL is the top gainer in today's market as crude oil posted its biggest weekly decline since February. Also, the company received the environment clearance for setting up of a new LPG plant with bottling and storage facilities in East Champaran, Bihar that will entail an investment of Rs.136.4 crore.

ZEEL is the top loser in today's market as some selling pressure was seen in the stock.

Key Market News

Fearing a surge in bad loans and provisions, Indias bankers are seeking relief from a tough set of stressed asset rules put out by the banking regulator in February. In recommendations made to the Reserve Bank of India (RBI) and the Government, the Indian Banks' Association (IBA) has asked that parts of the existing debt resolution framework be retained and the definition of default be eased, said bankers familiar with the matter. Bad loans across listed banks are expected to rise to Rs.9.25-9.5 lakh crore at the end of the fourth quarter compared to Rs.8.8 lakh crore at the end of the December quarter, partly due to the new rules.

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs.10.63 billion for sale. Both the banks said they will conduct the e-auction on 20th of this month. SBI has put up a total of 12 accounts with total outstanding of Rs.8.48 billion for sale. The second largest public sector lender PNB will offer three NPA accounts with total outstanding of Rs.2.14 billion for sale to ARCs/NBFCs/banks or other financial institutions.

Stocks To Watch

Take Solutions Ltd. is on the upside while is Just Dial Ltd. on the downside.

Take Solutions is currently trading at Rs.194.90, up by Rs.19.90 or 11.37% from its previous closing of Rs.175 on the NSE. The scrip opened at Rs.175.85 & has touched a high & low of Rs.201.45 and Rs.172.55 respectively. So far 32,25,777 (NSE) shares were traded on the counter. The current market cap of the company is Rs.2,585.46 Crore. The NSE/BSE group stock has touched a 52 week high of Rs.201.45 on 09-April-2018 & a 52 week low of Rs.118.20 on 26-May-2017.

Just Dial is currently trading at Rs.448, down by Rs.16.05 or 3.46% from its previous closing of Rs.464.05 on the NSE. The scrip opened at Rs.464 & has touched a high and low of Rs.469.50 & Rs.442.35 respectively. So far 29,10,422 (NSE) shares were traded on the counter. The current market cap of the company is Rs.3,110.93 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.647 on 16-January-2018 and a 52 week low of Rs.327.55 on 11-August-2017.

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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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