Saturday, March 9, 2019

WEEKLY STOCK MARKET REPORT


The Sensex fell 54 points, or 0.15 per cent, to end at 36,671, while the Nifty dipped 23 points, or 0.21 per cent to 11,035.In the last two weeks, escalating geopolitical tensions with the neighbourhood nation continued to dominate Indian equities, but broader indices remained resilient with Nifty50 index and BSE Sensex ending the month with marginal gains.All thanks to the foreign portfolio investors (FPIs) that infused over Rs 17,200 crore into Indian equities in February. In January, FPIs were net sellers in the Indian equities.Growing prospects of the Modi-led NDA government coming back to power in the upcoming general elections and improving the outlook for banks in the wake of remarkable improvement in asset quality recorded in the December 2018 quarter saw renewed buying interest in the Indian equity market.

BUZZING STOCKS:Wipro share price falls 5% to Rs 256 after block deals.Wipro share price falls 5% to Rs 256 after block dealsGranules India rallies 10% as promoters sell 5 mn shares in block deals.Allahabad Bank hits 52-week high; surges 41% in one monthIpca Labs hits all-time high of Rs 914; soars 5% in weak market eClerx Services surges 8% as board considers share buyback proposalACC: Improving earnings visibility boosts confidence on the Street.D-Street turns positive on PI Industries, UPL, Coromandel as revenues rise.

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12-JULY-2019 MARKET SUMMARY

Nifty settled   at   1152 levels. down 32 point today. SBI Life Insurance share made all time high today of   Rs. 780 apiece up 3 % becau...