WEEKLY STOCK MARKET UPDATE

A historical analysis of past general elections reveals that BankNifty & financials tends to outperform the Nifty ahead of elections Nifty failed to hold on to 11,600 and opened with a gap on the lower side on May 6 tracking weak global cues. The index broke below three crucial short-term moving averages of 5, 13 and 20 days in one trading session.The index formed a bearish candle that resembles a Doji kind of pattern on the daily charts. It represents indecisiveness among the bulls as well as the bears. A Doji is formed if the opening price and the closing price is virtually the sameBuzzing stock Cadila hits 52-week low on 14 observations from USFDA for Moraiya plantGoldiam International zooms 54% in four days; stock hits 52-week high.Aavas Financiers hits new high on robust Q4 results; stock up 23% in 6 days.Deepak Nitrite soars 8% on stellar March quarter earningsADAG stocks dip: Reliance Home Finance at new low; Reliance Capital down 6%.YES Bank falls 5% as ICRA downgrades bonds rating

WEEKLY UPDATE OF STOCKS

Stay bullish on Indian equities on a long term horizon. Nifty is already at 11,750 levels and if no major negative news hits market, there is some amount of possibility that it may touch 12,000 before elections. Here's what analysts expect from Hero MotoCorp's FY19Q4 results todayResult impact Axis Bank, TCS near all-time high after strong Q4 results

Prime Minister NARENDRA MODI on Friday filed his nomination papers from the Varanasi Lok Sabha seat, accompanied by a galaxy of top BJP and NDA leaders.

BUZZING STOCKS FOR COMING TRADING SESSIONS

Nifty50 has rallied about 13 percent so far in FY19 and if experts are to be believed, it is on track to hit fresh record highs in FY20. This year also, Nifty has formed a new base in the 10,600 – 11,000 zone and has been witnessing pre-election rally in the last few weeks.If the momentum in market continues, Nifty could touch 12,000 and hit a target around 12,400-12,700 in the next 12 months, we advise long-term traders to use any decline towards 11,000 as a buying opportunity

BUZZING STOCKS
ICICI Bank: Buy| LTP: Rs 393| Target: Rs 490| Stop Loss: Rs 343
Sun Pharma: Buy| LTP: Rs 464| Target: Rs 640| Stop Loss: Rs 405
Pidilite Industries: Buy| LTP: Rs 1225| Target: Rs 1500| Stop Loss: Rs 1108
DCB Bank: Buy| LTP: Rs 203| Target: Rs 260| Stop Loss: Rs 170

STOCK MARKET REVIEW OF WEEK 12-15 MARCH 2019

The S&P BSE Sensex pared gains in late trade after hitting a top of 38,254 during the day on March 15. The index rose above 38,000 for the first time since September 17, 2018.The Nifty50 also reclaimed 11,400 for the first time since September 18, 2018.NiftyBank touched yet another record high of 29,520, led by gains in Kotak Mahindra Bank, IDFC First Bank, SBI, PNB, Federal Bank, Bank of Baroda and ICICI Bank.Even RBI relaxed the PCA norms for Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, Allahabad Bank & Corporation Bank subject to continuous monitoring. This would help in credit growth for some of these PSU.Liquidity has given ammunition to the bulls to charge ahead. Foreign investors have poured in more than Rs 14,000 crore in Indian markets so far in March while domestic institutional investors have pulled out nearly Rs 7000 crore in the same period.Nifty formed a bullish candle on the daily charts which also resembled a ‘Shooting Star’ kind of pattern while on the weekly charts, the index formed a bullish candle.Formation of a Shooting Star pattern suggests a pause in momentum, but that still requires confirmation. If the index closes below 11,370 on Monday then further consolidation cannot be ruled out in the coming week.Contrary to this, sustaining above 11,370 levels the Nifty can make an attempt to target the zone of 11,550 – 600 levels in the week ahead.The short term traders are advised to be  neutral  on index and should shift their focus to stock specific opportunities.

MARKET REVIEW FOR UPCOMING SESSIONS

Until the general election, the Indian market will be volatile and the trend will be largely dictated by global cues. Investors will be better off to book losses in small-caps and invest in quality large-cap as well as mid-cap stocks.This is a good time to invest in the market as many quality names are off their all-time highs and are available at reasonable valuations. So, quality investing and diversification are the two main ideas for equity investing at this juncture.We are advising investors to sell small-cap stocks which are not backed by quality or have corporate governance issues and to recover the lost value we are advising them to invest in quality large-caps and mid-caps.Market volatility has increased along with the market risk premium. In fact, non-frontline stocks are faced with additional challenges of liquidity. Thus, they could correct also significantly during periods of stress

MARKET SUMMARY OF 29 OCT 2018

BUY TATAGLOBAL FUTURE ABOVE 222 TGT 224.50,229 SL 218
SELL GRANULES BELOW 99 TG 98.50,96 SL 102

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The S&P BSE Sensex reclaimed the 34,000-mark, ending at 34,067, up 718 points, while the broader Nifty50 index settled at 10,251, up 221 points.Among key stocks, ICICI Bank settled over 11 per cent to Rs 351.45 on the National Stock Exchange (NSE) after the private sector lender reported better-than-expected results for the September quarter of FY19.Divi’s Laboratories surged 15 per cent to end at Rs 1,444.20 on the NSE after the it reported a healthy 92% year-on-year (Y-o-Y) jump in its net profit at Rs 3.98 billion in September quarter (Q2FY19), on back of strong revenue growth. The company had a profit of Rs 2.07 billion in the year-ago quarter.In sectoral indices, Nifty PSU Bank index post sharpest single-day gain in past one year, surging 8 per cent after a media report suggested that the government expects some changes in the prompt corrective action (PCA) framework prescribed by the Reserve Bank of India (RBI) to enable more sanction of credit by PSU Bharti Airtel Ltd, India’s second-biggest wireless carrier, is delaying a planned initial public offering of its Africa unit due to the turmoil in emerging-market stocks, people with knowledge of the matter said.

MARKET SUMMARY OF 23-10-18

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The benchmark indices ended lower on Tuesday weighed by IT and pharmaceutical stocks amid weak Asian markets.The S&P BSE Sensex ended at 33,847, down 287 points, while the broader Nifty50 index settled at 10,147, down 98 points.Among sectoral indices, the Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index, too, declined 2.9 per cent weighed by Sun Pharmaceutical Industries.The rupee traded on a weaker note during the day, slipping to 73.82 per dollar in intra-day trade, up from its previous close of 73.56 per dollar due to steady capital outflows and strengthening of the American currency.

Among individual stocks, Asian Paints fell 4.8 per cent lower to Rs 1,142.45 on the National Stock Exchange, after the company reported 14.4 per cent fall in second-quarter profit, which missed analysts' estimates, hurt by higher expenses. Net profit fell to Rs 493 crore ($67.02 million) in September quarter from Rs 576 crore a year earlier, the company said in a statement. Revenue from operations rose over 8.5 per cent to Rs 4639 crore while total expenses rose about 11 per cent in the quarter. 

TOP GAINERS:HINDPETRO,IDFC,YESBANK

MAJORLOOSERS: WIPRO,GRASIM,SUNPHARMA

MARKET SUMMARY OF 10-10-18

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The benchmark indices ended around 0.5 per cent lower on Tuesday after the rupee hit a fresh low of 74.27 against the US dollar and the Asian shares hit 17-month lows.The S&P BSE Sensex ended at 34,299, down 175 points, while the broader Nifty50 index settled at 10,301, down 47 points.During the day, rupee erased its initial gains to hit a new record low of 74.27 against the US dollar on Tuesday after Brent crude breached the $84 a barrel-mark again and the American currency strengthened overseas. Among the sectoral indices, the Nifty Auto index fell 2.6 per cent led by a sharp fall in Tata Motors.

STOCK TIP TO TRADE FOR 05 OCT 2018

BUY  2 LOTS BANKINDIA ABOVE 79 TG 81,84 SL 76

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The benchmark indices settled over 2 per cent lower on Thursday following a weak rupee which sunk to a fresh low in the intraday trade.The rupee slipped to a fresh record low 73.81 per dollar in intraday trade on Thursday, after settling at a record low of 73.34 on Wednesday.The S&P BSE Sensex ended at 35,169, down 806 points while the broader Nifty50 index settled at 10,599, down 259 points.Among major stocks, ICICI Bank settled over 4 per cent to Rs 316. It had risen over 5 per cent to Rs 321.25 in intraday trade on the National Stock Exchange (NSE) after the bank's CEO Chanda Kochhar resigned with immediate effect. ICICI Bank has named Sandeep Bakhshi as MD and CEO for five years with effect from October 3.

STOCK TO TRADE FOR 27 SEP 2018

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The S&P BSE Sensex ended at 36,542, down 110 points while the broader Nifty50 index settled at 11,054, down 14 points.Among sectoral indices, the Nifty FMCG index fell 1.5 per cent led by a fall in ITC and Hindustan Unilever. The Nifty IT index, on the other hand, settled 1.9 per cent lower weighed by Infosys and Tata Consultancy Services (TCS).
In key individual stocks, YES Bank rose 1.4 per cent to Rs 223 on the BSE. DHFL also rose nearly 1 per cent to Rs 303.20.
Investors will keenly watch US Fed meet outcome due later in the day for fresh cues in the markets. Shares of Biocon hit a new high of Rs 718 per share, up 2% on Wednesday, extending their 6% rally on Tuesday on the BSE in an otherwise subdued market after the company said the inspection of its drug substance manufacturing site at Bengaluru campus by the US health regulator has concluded without any observations.In past one year, the stock of biotechnology firm has zoomed 109% as compared to a 16% rise in the S&P BSE Sensex.

STOCK MARKET SUMMARY 31-08-18

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The benchmark indices ended flat on Friday amid weakness in the rupee, which hit a new low breaching 71 per dollar mark for the first time earlier in the day.The S&P BSE Sensex ended at 38,645, down 45 points while the broader Nifty50 index settled at 11,680, up 4 points.Oil-to-telecom heavyweight Reliance Industries (RIL) settled 2.75 per cent lower at Rs 1,239 on the BSE.Among sectoral indices, the Nifty Pharma index rose 2.7 per cent led by a rise in Lupin and Dr. Reddy's Laboratories. The Nifty IT index, too, settled 1.8 per cent higher led by Tech Mahindra and MindTree. However, Nifty Bank index slipped 0.15 per cent due to a fall in YES Bank's shares. Shares of Larsen & Toubro (L&T) hit an over two-month high of Rs 1,374 per share, up 2%, gaining 11% in the past two weeks after the company announced a share buyback proposal. In comparison, the S&P BSE Sensex was up 2% during the same period. The stock was trading at its highest level since June 4, 2018, on the BSE.Engineering conglomerate L&T’s board on August 24 approved the company’s first buyback in its 80 years, for up to 4.29% of its paid-up equity capital, aggregating to a value of about Rs 90 billion.The company approved a proposal to buy back up to 60 million equity shares at a maximum price of Rs 1,500 per equity share for an amount of Rs 90 billion, L&T said in its statement to exchanges.

MARKET SUMMARY OF 21 AUG 2018

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The benchmark indices settled broadly flat on Tuesday amid firm Asian markets.
The S&P BSE Sensex settled at a fresh record closing high of 38,286, up 7 points, while the broader Nifty 50 index closed at a new high of 11,571, up 19 points. In intra-day deals, the S&P BSE Sensex hit a new all-time high of 38,402.96. The Nifty50 index, on the other hand, touched its record high level of 11,581.75.Among sectoral indices, the Nifty Realty index slipped around 2 per cent due to fall in shares of Housing Development and Infrastructure and Unitech. On the other hand, Nifty Pharma index was the lead gainer, rising over 1.5 per cent led by Glenmark Pharmaceuticals and Piramal Enterprises. The total market capitalisation of BSE-listed companies touched a new high of Rs 156.89 trillion on Tuesday, after strong gains in heavyweight stocks from the information technology (IT), fast moving consumer goods (FMCG) and private lenders.Investor wealth of BSE-listed firms, measured by market capitalisation (m-cap), had seen a previous record high of Rs 156.57 trillion scaled on January 23, 2018, the BSE data shows.In absolute terms, top five companies – Tata Consultancy Services (TCS), Reliance Industries (RIL), Hindustan Unilever (HUL), Bajaj Finance and HDFC Bank - have collectively contributed Rs 5.58 trillion m-cap rise since January 23 levels. TCS (Rs 1.77 trillion) and RIL (Rs 1.68 trillion) accounted 62% of total m-cap gain by these five companies.

TOP GAINERS:UPL,TECHM,COAL INDIA

MAJORLOOSERS: TATASTEEL,BPCL,VEDL