Friday, February 22, 2019

Sensex, Nifty trade lower; Kotak Mahindra stock slips 3.5%

Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices are trading in the negative zone.
capitalstars
CAPITALSTARS FINANCIAL ADVISORY COMPANY
Equity benchmark indices snapped two days' rally and opened lower on Friday amid weak global cues. Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices were are in the negative zone.

The Sensex slipped 64 points to 35,834, while the Nifty was down 18 points at 10,772. The market breadth was negative with 945 shares advancing, 594 shares declining, and 498 remaining unchanged.

The BSE MidCap index was trading marginally up 7 points at 14,123, while BSE SmallCap was trading at 13,418, up 4 points.

The rupee on Friday opened slightly lower at 71.25 against the US dollar.

Kotak Mahindra Bank stock slipped after 5.87cr or 3% as equity shares changed hands in six block deals, as per media reports.

Indiabulls HFInfratelBPCL, and IOC are trading higher, while, JSW SteelTata Steel, and L&T are trading lower on the NSE.

Volatility index India VIX was down 0.96% at 15.89.

The most active stocks are Kotak Mahindra, Indiabulls, HF, Reliance Industries, and Yes Bank.


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Thursday, February 21, 2019

Sensex, Nifty trade on a flat note; PSU Bank stocks gain 1%

Nifty PSU Bank index was leading sectoral indices by rising 1% on news that the government would inject Rs48,200cr into 12 public banks to boost credit growth.
 capitalstars
CAPITALSTARS FINANCIAL ADVISORY COMPANY
Equity benchmark indices were oscillating between gains and losses in Thursday's morning session ahead of the weekly expiry, tracking global peers. The Sensex rose 2 points to 35,758 levels, and the Nifty rose marginally to trade at 10,736 levels.

All sectoral indices were in the green on the NSE except Nifty IT. The Nifty PSU Bank index was leading sectoral indices, rising 1% on news that the government would inject Rs48,200cr into 12 public banks to boost credit growth.

The fund infusion will ensure that capital ratios for all state-run lenders are above the regulatory requirement and will help Allahabad Bank and Corporation Bank exit the Prompt Corrective Action plan, Rajeev Kumar, secretary at Department of Financial Services stated on social media on Wednesday.

Among stocks, Indiabulls Housing FinanceGAILICICI BankUltratech Cement, and Sun Pharmaceutical were the top gainers. Conversely, InfratelInfosysBharti AirtelHPCL, and Yes Bank lost the most.

Further, India VIX, a volatility index which measures the market’s expectation of volatility over the near term, fell 0.35%.

Incidentally, the market breadth was positive on the NSE with 935 shares advancing, 553 shares declining, while 553 shares remaining unchanged.

On the currency front, the Indian rupee maintained its upward movement and opened marginally higher at 71.07 against the dollar compared to its previous close of 71.11/$. The appreciation in the currency could be on the back of easing crude oil prices in global markets and a weak dollar relative to its major peers.
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Wednesday, February 20, 2019

Sensex rallies over 250 points on strong global cues

The BSE MidCap index was trading 88 points higher at 13,954, while BSE SmallCap index was ruling at 13,232.40, up 71 points.
 capitalstarsEquity benchmark indices opened in the positive zone amid strong global cues. All the sectoral indices are trading in green led by realty, energy, metal, infra, pharma and FMCG.
The rupee opened 5 paise higher at 71.29 against the US dollar amid drop in crude oil prices.
Aarti Industries stock advanced 1% on the BSE. The company collaborated with Global Chemical Conglomerate to develop and supply High Value Specialty Chemical Intermediate worth USD 125 million for a 10-year supply period.
Yes Bank stock gained 2% after clarification on releasing nil divergence report and stated that information was in due compliance.
The Sensex rose 276 points at 35,629, while the Nifty was up 72 points at 10,676. The market breadth was positive with 1,063 shares advancing, 426 shares declining, and 528 remaining unchanged.
The BSE MidCap index was trading 88 points higher at 13,954, while BSE SmallCap index was ruling at 13,232.40, up 71 points.

Indiabulls HFVedantaGAILBPCL, and Yes Bank are trading higher, while, HCL TechHero MotoCorpBajaj Auto, and Tech Mahindra are trading lower on the NSE.

Volatility index India VIX was down 4.16% at 17.69.

The most active stocks are Kaveri seedTCS, Yes Bank, and Dr.Reddy’s.

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Tuesday, February 19, 2019

Sensex up over 100 points; Emami, Ambuja Cements stock up

The market breadth was positive with 1,002 shares advancing, 494 shares declining, and 532 remaining unchanged.
 capitalstars
CAPITALSTARS FINANCIAL ADVISORY COMPANY
Equity benchmark indices opened on a flat note despite firm Asian cues. The Sensex rose 106 points at 35,604, while the Nifty was up 23 points at 10,664. The market breadth was positive with 1,002 shares advancing, 494 shares declining, and 532 remaining unchanged.
Shares of Emami jumped 3% in the morning trade as the Agarwal and Goenka families - promoters in Emami Ltd - have sold 10% of their stakes for Rs1,600cr to pare the debts of other Group companies like Emami Cement, Emami Power and others.
Shares of Ambuja Cements (ACL) advanced 1% after the cement company reported Q4CY18 numbers. Its revenue of Rs2,863.3cr (in-line with estimates) led by volume growth of 4.4% yoy.
The currency market i shut today on account of Chatrapati Shivaji Maharaj Jayanti.
Yes BankDr.Reddy’sSun Pharma, and ICICI Bank are trading higher on the NSE, while Indiabulls HFInfosys, and Wipro are trading lower.
Volatility index India VIX was down 0.86% at 17.84.
On the sectoral front, the NSE Nifty IT, media and pharma indices were trading lower Index in the morning trade.
The most active stocks were Yes Bank, Ambuja, RIL, Infosys, and HDFC.
Asian markets were trading higher on Tuesday as investors hope that Sino-US trade talks are making positive progress and expectations of policy stimulus from central banks. The White House said on Monday that trade talks between the two economic powerhouses will continue in Washington on Tuesday, with higher level negotiations starting later in the week, as per media reports.


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Monday, February 18, 2019

Sensex slips 200 points; Yes Bank, Bajaj Auto stocks fall

The market breadth was negative with 511 shares advancing, 1,069 shares declining, and 484 remaining unchanged.
 capitalstars
CAPITALSTARS FINANCIAL ADVISORY COMPANY
Equity benchmark indices opened on a flat note on Monday but slipped into the negative zone minutes after trading. The Sensex is down 200 points at 35,612, while the Nifty slipped 60 points at 10,664. The market breadth was negative with 511 shares advancing, 1,069 shares declining, and 484 remaining unchanged.

In the broader market, BSE MidCap index was trading 13 points higher at 13,953, while BSE SmallCap index was ruling at 13,259, up 7 points.

The Indian rupee opened lower by 8 paise at 71.31 against the US dollar amid rise in crude oil prices.

On the sectoral front, IT, metal, banking and pharma indices were trading higher by almost 1% respectively.

Shares of Yes Bank opened 8% down in Monday’s morning trade after the lender received a letter from the Reserve Bank of India (RBI) warning that the company might face regulatory actions for violating a confidentiality clause by disclosing a nil divergence report.

Dr.Reddy’sNTPCVedanta, and Tata Steel are trading higher on the NSE, while Yes Bank, Bajaj AutoHUL, and Titan are trading lower.

Volatility index India VIX was up 5.23% at 16.59.

The most active stocks were Yes Bank, RIL, Dr.Reddy’s, TCS, Reliance Infra.

Asian stock markets were trading higher on Monday morning, with trade talks between the US and China set to continue in Washington this week after high-level meetings in Beijing concluded last week. Minutes of the Federal Reserve's last policy meeting are due on Wednesday and should provide more guidance on rate hikes this year.

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Sensex, Nifty trade lower; Kotak Mahindra stock slips 3.5%

Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices are trading in the negative...