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 10 OCT 2018

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The benchmark indices settled over 1 per cent higher on Wednesday aided by a firm rupee against the dollar.The S&P BSE Sensex ended at 34,761, up 461 points, while the broader Nifty50 index settled at 10,460, up 159 points.During the day, the rupee traded on a firm note having risen to 74.05 against the greenback in intra-day trade. The Indian currency had opened 24 paise firm at 74.14 earlier in the day after ending at a record low of 74.39 per dollar on Tuesday.Among the sectoral indices, Nifty Bank index rose 3.2 per cent led by a rise in Axis Bank, State Bank of India and ICICI Bank. The Nifty Auto index, too, rose 2.6 per cent higher led by Maruti Suzuki India. However, the Nifty IT index slipped 1.5 per cent weighed by Infosys and Tata Consultancy Services.In the broader markets, the S&P BSE MidCap index rose 4.2 per cent to settle at 14283 while the S&P BSE SmallCap rose 3.7 per cent to 13998.

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.

INTRADAY FUTURE CALL TO TRADE 05 SEP 2018

FUTURE CALL - SELL 2 LOT ICICIBANK FUT BELOW 329 TG 326 ,320.30 SL 331.80