MARKET SUMMARY OF 17 OCT 2018

Snapping its three-day winning streak, the domestic equity market slipped into the negative territory on Wednesday amid heavy selling in auto and financial stocks. The S&P BSE Sensex lost 383 points or 1 per cent to settle at 34,780 with YES Bank being the top loser (down nearly 7 per cent) and ITC (up over 1 per cent) the top gainer. The broader NSE's Nifty50 index lost 132 points or 1.24 per cent to end at 10,453. Bank stocks came under pressure on the back of weekly expiry. The Nifty Bank Index fell 401 points or 2 per cent to settle at 25,189. Auto stocks too tumbled during the session with the Nifty Auto index ending 3 per cent lower at 8,835.  Shares of non-banking financial companies (NBFCs), mainly housing finance companies (HFCs) were under pressure with Repco Home Finance, Dewan Housing Finance Corporation (DHFL), Indiabulls Housing Finance and Edelweiss Financial Services plunging up to 13% on the BSE.Among individual stocks, Reliance Industries (RIL) ended over 1 per cent lower at Rs 1,149 ahead of its Q2 results, due later in the day. In a Bloomberg poll, seven analysts expect RIL to report consolidated revenue of Rs 1.40 trillion and 10 analysts expect RIL’s net income to be Rs 96.29 billion.

MARKET SUMMARY OF 15-10-18

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Benchmark indices Sensex and Nifty ended Monday's session on a positive note led by buying in pharma and IT counters. The S&P BSE Sensex gained 132 points to settle at 34,865 while NSE's Nifty50 index closed at 10,512.50, up 40 points. It was the second consecutive day that the stocks ended in the green. However, gains were capped as rising oil prices, weakening rupee and rising inflation dampened investor sentiment amid weak Asian cues.Asian shares slipped as worries over Sino-US trade disputes, a possible slowdown in the Chinese economy and higher US borrowing costs tempered optimism despite a rebound in global equities late last week.Back home, the rupee opened weak, at 73.80/$ against its previous close of 73.57. During the trade, it slipped further and once again breached 74 levels. The domestic unit had hit a fresh low of Rs 74.48 per dollar on Friday. Going forward, any negative moves on the back of a strengthening dollar or rising crude is likely to strain the rupee as well.The WPI Inflation for September rose to a two-month high of 5.13 per cent, mainly due to the hardening of food prices and the rise in the cost of petrol and diesel.Among individual stocks, HUL fell over 4 per cent after the FMCG major reported a 19.5 per cent year-on-year growth in standalone profit to Rs 15.25 billion. The stock ended Rs 1,526.60 apiece on BSE, down 3 per cent.Avenue Supermarts ended 6 per cent lower at Rs 1,333 after the company after margin disappointment in the second quarter of the current financial year 2018-19 (Q2FY19).Among sectoral indices, shares of pharmaceutical companies advanced in an otherwise subdued market with Nifty Pharma index gaining over 2%.Dr. Reddy’s Laboratories, Lupin, and Biocon from the index were up in the range of 3% to 5%, while, Sun Pharmaceutical Industries, Cipla, Glenmark Pharmaceuticals, Cadila Healthcare, Aurobindo Pharma and Divi’s Laboratories up between 1% and 2% on the NSE.IT stocks too rose in the trade.

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.

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.

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.

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.

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