MARKET SUMMARY OF 17 SEP 2018

BUY HEXAWARE ABOVE 469 TG 473,478 SL 464

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The benchmark indices settled over 1 per cent lower on Monday taking cues from their global peers, which fell amid reports that the US was about to announce a new round of tariffs on Chinese imports.The S&P BSE Sensex ended at 37,586, down 505 points while the broader Nifty50 index settled at 11,378, down 137 points.That apart, a weak rupee also affected sentiment. The domestic currency slipped to an intra-day low of 72.62 against the greenback earlier in the day. The domestic unit on Friday had surged by 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency.In key stocks, Reliance Industries (RIL) fell over 2.3 per cent, while Sun Pharmaceutical Industries (Sun Pharma) cracked over 2.7 per cent. Financial stocks such as HDFC, HDFC Bank, State Bank of India (SBI) and Axis Bank fell by up to 2.5 per cent.Among sectoral indices, the Nifty FMCG index settled 1.4 per cent lower weighed by fall in share prices of Godrej Industries and Procter & Gamble Hygiene and Health Care.

STOCK TIP TO TRADE FOR 10 SEP 2018

BUY STAR ABOVE 505 TG 512,525 SL 495

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The benchmark indices ended higher on Friday aided by strong gains in automobiles and metal stocks after the rupee firmed against US dollar.The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points.

Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors. Nifty Metal index, too, rose 1.9 per cent led by MOIL and Jindal Steel & Power.The rupee was trading higher by 24 paise to 71.75 against the US currency in late morning deals on Friday due to sustained bouts of dollar selling from banks and exporters.

MARKET SUMMARY 06 SEP 2018

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The benchmark indices ended higher on Thursday as the rupee pared some of its intra-day losses and recovered after hitting a new all-time low.The S&P BSE Sensex ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.Among sectoral indices, Nifty Pharma index settled 2.7 per cent higher led by Aurobindo Pharma and Biocon.In individual stocks Reliance Industries (RIL) rose 2.7 per cent higher to end the day at Rs 1,259 on the BSE. Shares of Wipro were up for the seventh straight day, rising to Rs 322, up 1% on the BSE.In past three trading days, the stock has risen 4% after the information technology (IT) services firm on Sunday announced that it has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC. The stock hit a high of Rs 328 during intra-day trade on Monday, September 3, 2018.The deal will fetch it around $1.6 billion in revenue over 10 years.