MARKET SUMMERY 20-NOV-18

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The resolution to look at capital requirements for banks and changes to the prompt and corrective framework are not enough reasons for investors to rush and buy public sector banks right now, say analysts .After the Reserve Bank of India’s day-long board meet on Monday, the central bank decided to consider relaxing lending norms for banks under the PCA and set up a committee to discuss the transfer of surplus reserves to the government.

TOP GAINERS:     GAIL,INDUSINBANK,ZEEL

MAJOR LOOSERS: YES BANK,HINDALCO,TATASTEEL

MARKET SUMMERY 19-NOV-18

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The benchmark indices ended nearly 1 per cent higher on Monday ahead of the outcome of the Reserve Bank of India'sboard meeting.Over the past few days, the government and the RBI have had discussions in a bid to arrive at a common ground on at least two demands of the government  easing PCA norms for some banks along with aligning the regulatory capital requirement of banks with international norms and a special dispensation for MSMEs.The S&P BSE Sensex ended at 35,775, up 318 points or 0.9 per cent, while the broader Nifty50 index settled at 10,763, up 81 points or 0.8 per cent.Among key stocks, YES Bank settled 7.8 per cent higher at Rs 205.95 on the NSE after ICRA Ratings retained its overall long-term rating of 'ICRA AA+' on the bank. The announcement was made on Saturday, 17 November 2018.Jet Airways fell 6.9 per cent to Rs 322.50 on the National Stock Exchange after Tata Sons said on Friday that it was in preliminary talks with struggling Jet Airways but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.In key sectors, the Nifty PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India . On the other hand, Nifty FMCG index rose 1.7 per cent led by a rise in Dabur India and ITC.The rupee traded on a firm note on Monday after opening slightly weaker. The domestic currency had slipped 72.08 against the dollar in early trade but bounced back to 71.55 in intra-day trade. It had ended at 71.92 against the greenback on Friday.

TOP GAINERS: ITC, YESBANK, VEDL

MAJORLOOSERS:GAIL, SBIN, ICICIBANK

LIVE MARKET CALL 19-NOV-18

FUTURE CALL-BUY SUNPHARMA FUTURE ABOVE 527 TGT 532 540 SL 523.65
SUNPHARMA FUTURE CALL EXECUTED

MARKET SUMMERY 16-NOV-18

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Shares of ICICI Bank, Larsen & Toubro (L&T), State Bank of India (SBI) and Axis Bank were among the S&P BSE Sensex index stocks, rising over 15% during benchmark index's over 2,000-point rally in three weeks.At 12:45 PM; the S&P BSE Sensex was trading at 35,464 levels, rallied 2,115 points or 6.3% from its October 26 level of 33,349 Housing Development Finance Corporation (HDFC), Maruti Suzuki India, Reliance Industries, Bharti Airtel and Adani Ports too outperformed the market by gaining in the range of 8% to 14% during the period. The equity market bounced back from its recent low on account of continued foreign fund inflow and appreciating rupee. Positive leads from the US markets on optimism that the US and China may resolve their trade dispute too influenced sentiments.Thus far in November, foreign portfolio investors (FPIs) have made net inflow of Rs 29.67 billion in equities till Thursday, provisional data shows. They had reported a record net outflow of Rs 292 billion during the month October.The beaten down stocks from the sectors such as cement, paints, oil marketing companies, consumption led by fast moving consumer goods, aviation and financials outperformed the S&P BSE Sensex in the past three weeks. Around 226 stocks from the S&P BSE 500 index beat the market by gaining over 7% during the period. Linde India, Jet Airways, PNB Housing Finance, Adani Transmission, Adani Power, Bandhan Bank and Radico Khaitan were up in the range of 25% to 63%.ICICI Bank (Rs 375) and Divi’s Laboratories (Rs 1,574) were trading at their respective all-time high level after reporting a better-than-expected September quarter (Q2FY19) result.L&T touched an intra-day high of Rs 1,413 today, was 4% away from its record high level of Rs 1,470

TOP GAINERS:  RELIANCE , BAJFINANCE , HCLTECH

MAJORLOOSERS: YESBANK , TATASTEEL , JSWSTEEL

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MARKET SUMMERY 15-NOV-18

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The benchmark indices ended marginally higher on Thursday led by a rise in the banking and financial stocks. The S&P BSE Sensex ended at 35,261, up 119 points, while the broader Nifty50 index settled at 10,617, up 40 points.Among the sectoral indices, the Nifty Financial Services index settled 1.1 per cent higher led by a rise in the share prices of Max Financial Services, Power Finance Corporation and Mahindra & Mahindra Financial Services. The Nifty Bank index, too, ended 0.9 per cent higher led by IDFC Bank and Axis Bank.YES Bank fell 7.3 per cent to Rs 206.30 on the BSE after Ashok Chawla, the bank's non-executive chairman, stepped down with immediate effect, following his name appearing in Aircel-Maxis controversy. Independent Director Vasant Gujarathi has also quit, citing personal commitments. The bank's board has appointed Uttam Prakash Agarwal as additional director (Independent) for five years, subject to shareholder’s approval.
Vodafone Idea ended 10.6 per cent lower at Rs 37.05 on the BSE after the company reported a net loss of Rs 49.7 billion on a revenue of Rs 120.2 billion. For the July-September quarter, earnings before interest, tax, depreciation and amortisation (Ebitda) declined 28.7 per cent to Rs 9.8 billion.The rupee is traded on a firm note on Thursday having risen to a near two-month high of 71.86 against the dollar in intra-day trade, up from its previous close of 72.31 against the greenback.

TOP GAINERS:  TITAN , KOTAK BANK ,  HEROMOTOCO

MAJORLOOSERS: YESBANK, NTPC, GRASIM

MARKET SUMMERY 13- NOV-18

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The domestic benchmark indices ended with sharp gains on Tuesday, amid recovery in Asian markets, dip in oil prices and buying in energy and banking stocks.
The S&P BSE Sensex gained 332 points or 1 per cent to settle at 35,144 while NSE's Nifty50 index gained 100 points or 1 per cent to close at 10,583. Among sectoral indices, Nifty Pharma index ended 1 per cent lower, weighed by Sun Pharma and Aurobindo Pharma. Realty stocks, too, lost ground in the trade with the Nifty Realty index ending at 221.40, down 0.61 per centAmong individual stocks, Radico Khaitan rallied 8 per cent to Rs 441, extending their last four weeks' gain on the BSE, after the company reported a strong 73 per cent year-on-year (Y-o-Y) jump in net profit at Rs 495 million in September quarter (Q2FY19). The liquor firm had reported a profit of Rs 286 million in the year-ago quarter.
 Operational revenue grew 28 per cent to Rs 19.06 billion on Y-o-Y basis. EBITDA margin expanded 300 basis points (bps) Y-o-Y to 17.71 per cent in Q2FY19

TOP GAINERS:  BPCL , NTPC ,EICHERMOT

MAJORLOOSERS: SUNPHARMA , POWERGRID , CIPLA

MARKET SUMMERY 12- NOV-18

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The benchmark indices settled around 1 per cent lower on Monday tracking weakness in the Asian markets and rise in global oil prices. The S&P BSE Sensex ended at 34,813, down 346 points (-0.98 per cent), while the broader Nifty50 index settled at 10,482, down 103 points(-0.97 per cent).Among the sectoral indices, the Nifty PSU Bank index fell 2.1 per cent weighed by Oriental Bank of Commerce. The Nifty Auto index, too, declined 2.4 per cent led by fall in Tata Motors and Hero MotoCorp. However, the Nifty IT index rose 0.7 per cent led by a rise in the share prices of Tech Mahindra and Infosys.Titan Company is ended 6 per cent higher at Rs 899 on the BSE after the company reported an 8.34 per cent rise in consolidated net profit at Rs 301.11 crore for the quarter ended September 30, 2018, dragged by provisions made for its corporate deposits in the IL&FS group. Total income during the quarter under review stood at Rs 4,595.13 crore verus Rs 3,603.01 crore in the corresponding period last fiscal.

TOP GAINERS:  TITAN, TATA STEEL, HCLTEH

MAJORLOOSERS:  LOC, HEROMOTOCO,HINDALCO