Wednesday, October 10, 2018

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.

Tuesday, October 9, 2018

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.

Friday, October 5, 2018

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.

Thursday, October 4, 2018

STOCK TIP TO TRADE FOR 05 OCT 2018


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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.

Wednesday, October 3, 2018

MARKET SUMMARY 03-10-18


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The benchmark indices settled around 1.5 per cent lower amid a weak rupee, which slipped below 73 per dollar mark for the first time to hit an all-time low of 73.34 in intraday deals.
The Indian currency dropped to a record low in intraday trade on Wednesday as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit.
The S&P BSE Sensex ended at 35,976, down 551 points while the broader Nifty50 index settled at 10,858, down 150 points.Among sectoral indices, the Nifty IT index settled 2 per cent lower led by a fall in the share prices of Tata Consultancy Services (TCS) and Infosys
.TOP GAINERS:HINDAlCO,YESBANK,VEDL
MAJORLOOSERS: TCS,M&M,AXISBANK

Thursday, September 27, 2018

MARKET SUMMARY OF 27 SEP 2018

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The benchmark indices settled over 0.5 per cent lower on Thursday on expiry of September series Futures and Options (F&O) contracts.The S&P BSE Sensex ended at 36,324, down 218 points, while the broader Nifty50 index settled at 10,978, down 76 points.Among sectoral indices, the Nifty Bank index settled 1.3 per cent lower due to a fall in the shares of YES Bank, which cracked 9 per cent to end at Rs 203.60.Shares of select consumer durable companies, too, fell on Thursday, after the government raised import duties on 19 essential items, including refrigerators, air conditioners, and jet fuel. Voltas fell over 6 per cent to Rs 536 on the BSE. Havells India settled at Rs 612, over 5 per cent down. Aviation stocks also slipped as the government imposed an import tariff Private power producer Tata Power and state-run Hindustan Petroleum Corporation (HPCL) on Thursday announced a memorandum of understanding (MoU) for setting up the electric vehicle (EV) charging stations at HPCL retail outlets and other locations across India. The two companies will also explore other opportunities for collaboration in renewable energy.

Wednesday, September 26, 2018

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.

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...