Wednesday, December 12, 2018

MARKET SUMMARY-12 DEC


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INTRADAY TIPS FOR TOMORROW:

 BUY ICICIBANK FUTURE ABOVE 351 TGT 355.40/ 359.60 SL 344.50

Wednesday's session has ended on positive note. A new RBI  governor  and an optimistic assessment of BJP's 2019 reelection bid gave enough firepower to the bulls as equity benchmarks made a spectacular comeback on WednesdaySensex jumped 629 points to settle at 35,779, with HeroMoto Corp being the top gainer and Asian Paints the worst performer on the index., the domestic equity market surged nearly 2 per cent on Wednesday, led by across-the-board buying and supportive global cues. Nifty50 index of National Stock Exchange reclaimed the crucial 10,700 mark to settle at 10738, up 188 points. Investor sentiment got a boost after shaktikant das was appointed as the 25th governor of the Reserve Bank of India after the sudden resignation of Urjit Patel from the post. Financial stocks rallied in the trade on the hopes the new RBI governor will take up measures to relax the current prompt corrective action norms. 
BSE Mid Cap index gained 371 points to settle at 15,041 while the S&P BSE SmallCap ended at 14,404, up 345 points. Shares of ACC moved higher by 3.5% to Rs 1,485 apiece on BSE, after the cement manufacturer said its board approved Rs 30 billion 
expansion plan.
STARS OF THE DAY :- HEROMOTOCORP,UPL,INDIABULLS
ON THE OTHER HAND THE BIGGEST LOSERS WAS:-BHARTIINFRATEL,HPCL,TITAN

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