WEEKLY UPDATE OF STOCKS

Technical View Nifty forms bullish candle, ends at record closing high The bulls regained their pace  after swinging higher and dipping to near closing levels before recovering - all in the morning; and then extending gains sharply as the day progressed on May 24.The Nifty50 opened higher at 11,748 and immediately started wiping out early gains to hit a day's low of 11,658.10, but showed recovery in the morning itself and extended gains gradually to touch an intraday high of 11,859 in late trade. The index closed 187.10 points higher at 11,844.This could be a short covering after the index fell from its historic high on May 23, the day of the Lok Sabha election results.The index ended at record closing high and formed bullish candle on daily as well as weekly charts. For the week, the Nifty rallied 3.8 percent.After recovery from the day low on short covering indicated that the market may remain rangebound in coming sessions, an upside is possible only in case the index crosses its previous record high, experts said.Bulls retained their mojo as the Nifty50 strongly recoiled from the intraday lows of 11,658 levels before signing off the session with a decent bullish candle formation. However, May 24th’s price action is appearing to be more like an upward reaction to the big fall witnessed on May 23 from the highs of 12,043 Buzzing stock JMC Projects gains 11% after securing new orders worth Rs 616 crore Indices end at record closing highs onModi win hangover; Sensex up 623 pts Sugar shares rally; Mawana Sugars, Avadh Sugar zoom up to 20%PSU banks extend gain; Bank of Baroda surges 21% in a weekKEI Industries nears record high; surges 25% in a week on strong Q4 resultsICICI Bank, Titan Company, L&T among top 5 wealth-creating ideas for next 5 yearsIt is a good time for investors looking to start their fresh journey in the market along with the new government at the center, Siddhartha Khemka of MOSL. Ashok Leyland Q4 profit falls 12%  to Rs 653cr, margin touches 11% again Golden Cross .

STOCK REVIEW OF WEEK(18-22)MARCH 2019

SRF hits new high in weak market; climbs 25% in three monthsMaruti Suzuki extends fall on production cut report; down 7% in four daysLarsen & Toubro nears 52-week high after Mindtree stake buy; stock up 3% Aviation stocks extend gain; SpiceJet surges 33% in two days. Kansai Nerolac Paints slips nearly 5% after CLSA downgrades to sell.In the BSE 500 index, which gained 9 percent in 1 month, 30 stocks rallied in the range of 30 percent to 99 percent, which also include stocks that singed in September and October due to factors such as corporate governance issues, liquidity crisis and mixed earnings.Suzlon Energy, Manpasand Beverages, Dilip Buildcon, Edelweiss Financial, CG Power, Bombay Dyeing, Adani Power, Allahabad Bank, Mahindra Holidays, NBCC, IRB Infrastructure, Just Dial, ICICI Securities, Kalpataru Power Transmission and Can Fin Homes were among the top 30 stocks.On hopes of Modi government returning to power, FIIs are also in a bullish mood.After the clarity on the election results and earnings pickup, we feel, FIIs will do historic investments this yearThe most favoured stocks in this run were among midcaps and smallcaps.In Nifty50, top four stocks were from PSU segment. They were HPCL (up 35 percent), IOC (up 29 percent), BPCL (21 percent) and NTPC (21 percent) while the rest five among top 10 stocks were from banking and financial segment. Yes Bank, Bajaj Finserv, IndusInd Bank, ICICI Bank and SBI gained 15-17 percent.

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.

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.

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

TOP STOCK NEWS

1.AMBUJA CEMENT RESULTS TO BE DECLARED ON 18 FEB 2019.

2.Q3 results review: Corporate earnings see biggestdip in three quarters

3.Jet Airways plans to raise about Rs 2,500 crore through rights issue

4.YES Bank violated rules by revealing nil divergence report, says RBI

5.Allahabad Bank draws a road map to come out of PCA list by June

6.Zydus Cadila, Macleods suspends its Kashmiri employees, issued showcase notice

7.GMR, Adani, NIIF, Fairfax in race for airports deal

The most serious attack to occur since Prime Minister Narendra Modi came to power in 2014 will add to the political uncertainty ahead of national elections this year and may cause at least a temporary reaction in the markets.

RELIANCE WAS ROCKSTAR AS WE HAVE PREDICTED

As I have predicted in last post Nifty moved upward upto approximate levels of 10929.Again to my triumph Reliance was market leader and achieved my first Target 1134,pls continue to hold for second target 1150.Also as I have forecasted Banknifty was slow moving then Nifty. Today market was in clear cut upward trend with 38 stocks in upward trend and only 12 in downtrend. As for Monday I expect market in move in range of 10870 to 10955.In stocks long position can be taken in Sail with Targets of 55/57, Rather a strangle strategy would be better with strike price of 55 and 50

MARKET SUMMARY OF 50 OCT 2018

Markets ended lower on Friday after the Reserve Bank of India (RBI) sprung a surprise and kept the repo rate unchanged at 6.50 per cent. Most experts had expected the central bank to hike rates by 25 bps. The S&P BSE Sensex lost 792 points, or 2.25 per cent, to settle at 34,377 while the broader NSE's Nifty50 index dropped 283 points, or 2.7 per cent, to close at 10,316. Among specific stocks, shares of oil marketing companies such as HPCL, BPCL and IOCL hit 52-week lows after the government announced that it will cut excise duties on petrol and diesel prices and OMCs will absorb Re 1 per litre.Heavy losses were also visible in banking stocks with the Nifty Bank index slipping 1.5 per cent. YES Bank, State Bank of India (SBI), Bank of Baroda (BoB), IDFC Bank and ICICI Bank lost up to 5.1 per cent.

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The S&P BSE Sensex partially recovered after crashing  1,496 points in from the day's high to settle 280 points lower at 36,842 on Friday. The index had hit an intra-day high of 37,489.24 before crashing to the day's low of 35,993.64.The Nifty 50 index, on the other hand, hit a low of 10,866 levels, but settled 91 points lower at 11,143.The decline came on the back of a sharp fall in NBFC stocks. DHFL skidded over 50% in intraday trade on fears of a liquidity crisis. The management, however, assuaged investor concerns and said the company has not defaulted on any repayments. The stock settled 42 per cent lower at Rs 352 on the BSE. According to the analysts, the IL&FS crisis was the main reason behind the selloff. That apart, a rise in bond yields also weighed on the sentiment.  

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The benchmark indices settled lower for the second consecutive day, falling nearly 1 per cent on Tuesday tracking weakness in the global markets.

The S&P BSE Sensex ended at 37,291, down 295 points while the broader Nifty50 index

settled at 11,279, down 99 points.Among sectoral indices, the Nifty PSU Bank index settled 5.4 per cent lower weighed by a fall in Bank of Baroda (BoB), which slipped 17 per cent to Rs 112.20 on the National Stock Exchange (NSE) after the government on Monday proposed to create the country’s third-largest bank by amalgamating Dena Bank and Vijaya Bank with much larger Bank of Baroda (BoB) in an all-stock deal. The banks’ boards are expected to meet in 10 days to take a callThe three state-owned banks ‐ Bank of Baroda, Dena Bank and Vijaya Bank ‐ saw a mixed reaction at the bourses on Tuesday, a day after the government proposed to amalgamate them into a combined entity.

MARKET SUMMARY OF 17 SEP 2018

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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.

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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.

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The benchmark indices settled lower as investors stayed cautious due to sliding rupee, surging bond yields, and oil prices.The S&P BSE Sensex ended at 38,018, down 140 points while the broader Nifty50 index settled at 11,477, down 43 points.Earlier in the day, the rupee pared its initial gains to drop to a fresh all-time low of 71.97 against the US dollar in intra-day deals.

Among key stocks, Reliance Industries (RIL) fell around 1.5 per cent at Rs 1,224 levels and was among the top Sensex losers. Vodafone and Idea Cellular, which have merged to become the country’s largest telecom operator, have together shed around 8,000 employees, or close to one-third of the workforce, in the last 17 months ever since the deal was announced. The newly crowned top telco Vodafone Idea Ltd has an employee count of around 17,000 at its inception, multiple sources in the know told Business Standard after the merger got an all clear last week.

At the end of March 2017, when the merger was announced, the total employee count for the two companies stood at around 25,000.

TOP GAINERS:YESBANK,TATAMOTORS,WIPRO

MAJORLOOSERS: INFRATEL,TITAN,ZEEL

MARKET SUMMARY 04 SEP 2018

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The benchmark indices settled lower on Tuesday amid a weakening rupee, which fell to its fresh record low for the third straight session earlier in the day.The S&P BSE Sensex ended at 38,158, down 155 points while the broader Nifty50 index settled at 11,520, down 62 points.The Indian currency slipped to a new record low of 71.50 per dollar in intra-day trade. It has declined 3.3 per cent in August and over 10 per cent so far in year-to-date, to emerge as the worst-performing currency in Asia.In individual stocks, banking shares such as HDFC Bank, State Bank of India (SBI), IndusInd Bank and ICICI Bank fell in the range of 1 per cent to 3.3 per cent.Among sectoral indices, the Nifty IT index rose around 2 per cent led by a rise in Infosys, HCL Technologies, and Tata Consultancy Services (TCS) TCS share buyback offer will open on Thursday, September 06, 2018 and closes on Friday, September 21, 2018.

MARKET SUMMARRY 27 AUG 2018

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Benchmark indices ended at all-time closing high on Monday, the ninth time this month, following positive global cues and boosted by gains in bank stocks including ICICI Bank and SBI. The August series futures and options expiry on Thursday may lead to some volatility in the market. The S&P BSE Sensex ended the day at an all-time closing high of 38,694, up 442 points while the broader Nifty50 index settled at a new closing high of 11,691, up 135 points. In intraday deals, the broader Nifty50 index climbed over 1.5 per cent to hit 11,700 for the first time ever, while the S&P BSE Sensex also hit a record, rising over 1 per cent to 38,736.88 Shares of Future Group companies have rallied by up to 14% on the BSE after the media reported that Google, Paytm Mall may team up to shop for Future Retail stake.Future Retail has surged nearly 8% to Rs 558 in intra-day trade on back of heavy volumes. The trading volumes jumped more than three-times with a combined 3.35 million shares changed hands on the counter on the BSE and NSE till 03:02 pm.The Company evaluates various possibilities, including in relation to business association with third parties, which is always a subject matter of further feasibility studies and the need for requisite consents in accordance to the applicable laws. At present, since there has been no such decision taken by the Board of Directors of the Company there is no disclosure obligation that would have otherwise triggered Future Retail said in a BSE filing on clarification on news report.

TOP GAINERS:HINDALCO,TECHM,BHARTIARTL

MAJORLOOSERS: SUNPHARMA,BAJAFIN,DR REDDY

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The S&P BSE Sensex settled at a fresh record closing high of 38,337, up 51 points, while the broader Nifty 50 index closed at a new high of 11,583, up 12 points. In intra-day deals, the S&P BSE Sensex hit a new all-time high of 38,487.63. The Nifty50 index, on the other hand, touched its record high level of 11,620.70. Mukesh Ambani-controlled Reliance Industries (RIL) on Thursday became the first company to cross Rs 8 trillion in terms of market capitalisation (market-cap), becoming the country's most valued firm. RIL's market capitalisation (m-cap) stood at Rs 8.04 trillion. In intra-day deals, the stock hit a new high of Rs 1,273.55, up over 1%, extending its gains over the past four trading days. The stock settled at Rs 1,269.70, up 1.86 per cent. Shares of Mahanagar Gas Limited (MGL) have slipped 7.4% to Rs 836 per share on the National Stock Exchange (NSE) in early trade after a nearly 26% or 25 million equity shares of the company changed hands on the counter.

TOP GAINERS:TECHM,NTPC,DRREDDY

MAJORLOOSERS: TATAMOTORS,BPCL,IOC

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

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The benchmark indices settled higher on Friday taking cues from their Asian peers.
The S&P BSE Sensex ended at 37,948, up 284 points while the broader Nifty50 index settled at a new high of 11,471 levels, up 86 points.Among key stocks, the fast moving consumer goods (FMCG) major ITC rose over 2 per cent to end at Rs 313 levels on the BSE. The stock hit a fresh 52-week high of Rs 315 earlier today. ICICI Bank and State Bank of India also ended higher in a range of 1.8 to 3.0 per cent on the BSE. With record inventory, government-owned Food Corporation of India (FCI) wants to expedite foodgrain sales to make warehouse space available for next season’s procurement, as well as to calm the heated market. After record grain output in 2017-18, it saw a sharp rise in rice and wheat procurement with aggressive Minimum Support Price (MSP) buying.

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The benchmark indices settled lower on Thursday led by a fall in the financial stocks after the rupee hit a record low of 70.32 per dollar.The S&P BSE sensex ended at 37,664, down 188 points while the broader Nifty50 index settled at 11,385, down 50 points.

Among sectoral indices, the NIFTY Metal index was among top loser of the day, falling 2.27 per cent due to fall in Jindal Steel & Power and Steel Authority of India. The  Nifty Bank index also ended lower, slipping 0.70 per cent lower weighed by Bank of Baroda and Yes Bank.Shares of Sun Pharmaceutical Industries hit its 52-week high of Rs 618, up 3% on the BSE in intra-day trade on Thursday, after the company announced that it has received approval for CEQUA from the U.S. Food and Drug Administration (FDA).

TOP GAINERS:GAIL,SUNPHARMA,DR.REDDY

 MAJORLOOSERS: VEDL,HDFC,ZEEL