Tuesday, March 19, 2019

Sensex, Nifty extend gain; RCom surges 10%

The Sensex was trading 52 points up at 38,147 levels, while the Nifty gained 10 points at 11,473 levels, well below its key level of 11,500.
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Equity benchmark indices extended gains for the seventh consecutive trading session on Tuesday.

However, immediately after marking an opening in the green, markets pared gains. The Sensex was trading 52 points up at 38,147 levels, while the Nifty gained 10 points at 11,473 levels, well below its key level of 11,500.

ADAG stocks spurted with Reliance Communication gaining 10% followed by Reliance Capital, Reliance Power, and Reliance Naval and Engineering, which gained 5% each on the BSE. Shares spurted after Mukesh Ambani rescued Anil’s Rcom and helped him to clear Rs453cr Ericsson dues.

Among stocks, Sun Pharma, Bharti Airtel, GAIL, Grasim, and HCL Tech were the top gainers on the NSE. Conversely, Hero MotoCorp, Eicher Motors, L&T, JSW Steel, and Bajaj Auto lost the most on the NSE.

All sectoral indices were trading on a mixed note on the NSE. Nifty Pharma and PSU Bank indices gained ~1%. On the flip side, the Nifty Auto index slipped ~1%.

Notably, India Volatility Index, VIX, was trading 0.3% up at 16.96. 

Further, market breadth was positive on the NSE with 910 stocks advancing, 627 shares declining, and 528 remaining unchanged.

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Monday, March 18, 2019

Sensex jumps over 300 points; Reliance Industries, HDFC Bank stocks lead

The stock market extended rally for the sixth consecutive session, with the Nifty Bank index trading 1.3% higher.
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Equity benchmark indices extended rally for the sixth consecutive session, with the Nifty Bank index trading 1.3% higher.

The Sensex rose 306 points to 38,331, while the Nifty jumped 92 points to 11,519. The market breadth was positive with 1,029 shares advancing, 569 shares declining, and 487 remaining unchanged on the NSE.

Shares of MindTree advanced 1% on the NSE as company board is scheduled to consider the buyback proposal on March 20.

Shares of Bandhan Bank slipped 2% after the bank has received 'No Objection' letter from National Housing Bank (NHB) subject to its compliance with the provisions of the relevant Acts, Rules, Regulations etc. in the matter, the company said in a statement after markets hours to the exchanges on Friday.

Volatility index India VIX was up 5.08% at 16.67.

IOC, HPCL, Kotak Mahindra Bank, Adani Ports, and Axis Bank are trading higher, while Maruti, Grasim, and ONGC are trading lower on the NSE.

The most active stocks on NSE are Reliance Industries, Maruti, Kotak Mahindra Bank, and IOC.

The Indian rupee rose for the sixth consecutive day, and opened at 68.92/$, up 18 paise against the US dollar. The sharp rally in the Indian rupee could be attributed to robust foreign inflows ahead of general elections.

Asian stock markets were trading higher on Monday as investors awaited developments on the US-China trade front and US Federal Reserve policy meeting in focus.

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Friday, March 15, 2019

Sensex rallies over 200 points; Kotak Mahindra, ICICI Bank stocks gain

On the sectoral front, banking, realty, IT, Financial services and pharma were trading higher by 1%, while FMCG, media, and metal were under pressure.
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Equity benchmark indices opened higher on positive cues from global markets. The stock market is set for its longest stretch of weekly gains in over six months.

On the sectoral front, banking, realty, IT, Financial services and pharma were trading higher by 1%, while FMCG, media, and metal were under pressure.

The Sensex rose 234 points to 37,990 levels, while the Nifty was up 66 points to 11,409. The market breadth was positive with 1,060 shares advancing, 464 shares declining, and 531 remaining unchanged on the NSE.

Shares of Coal India dropped 2% in the morning trade after the company’s board has approved the second interim dividend of Rs5.85/equity share for FY19.

Volatility index India VIX was down 0.04% at 15.14.

Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, and GAIL are trading higher, while Coal India, HUL, Zee, and Airtel are trading lower on the NSE.

The most active stocks on NSE are Reliance Industries, IndusInd Bank, Kotak Mahindra Bank, and Yes Bank.

The Indian rupee opened higher at 69.26 against the US dollar.

On the international front, the Bank of Japan is widely expected to maintain a pledge to guide short-term interest rates at -0.1% and 10-year government bond yields around zero per cent.

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Thursday, March 14, 2019

Nifty above 11,350 mark; Metal, media stocks surge

In the broader market, the BSE MidCap index was trading 39 points higher at 15,166, while the BSE SmallCap index was ruling at 14,914, up 40 points.
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Equity benchmark indices opened higher for the fourth consecutive session, with the Bank Nifty hitting record high of 29,000-mark. In the broader market, the BSE MidCap index was trading 39 points higher at 15,166, while the BSE SmallCap index was ruling at 14,914, up 40 points.

On the sectoral front, media, metal, banking, and realty were trading in the positive territory, while IT, FMCG, and auto indices were in the negative territory.

The Sensex rose 126 points to 37,878 levels, while the Nifty was up 36 points to 11,378 levels. The market breadth was positive with 930 shares advancing, 620 shares declining, and 519 remaining unchanged on the NSE.

Reliance Industries stock advanced 1% after media report stated that the company's US subsidiary has stopped oil deals with Venezuela's Petrleos de Venezuela S.A. in order to comply with the US sanctions on the Latin American country.

Shares of Jubilant Foodworks snapped a two-day decline and gained 2% on news that its promoter Jubilant Consumer Private Limited is plannig to sell 40 lakh shares at the floor price of Rs1,272.6 apiece, aggregating to Rs503.8cr via secondary placement of shares.

Volatility index India VIX was down 0.70% at 15.17.

Indiabulls HF, HDFC, Zee, and Yes Bank are trading higher, while HPCL, BPCL, Tata Motors, and Adani Ports are trading lower on the NSE.

The most active stocks on NSE are Jubilant Foodworks, Reliance Industries, Yes  Bank, HDFC, and Lupin.

The Indian rupee opened lower by 14 paise at 69.67 per dollar on Thursday versus previous close 69.53/$.

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Wednesday, March 13, 2019

Nifty above 11,300 mark; Jet Airways, SpiceJet stocks drop

The market breadth was neutral with 830 shares advancing, 733 shares declining, and 499 remaining unchanged on the BSE.

.capitalstarsEquity benchmark indices opened on a flat note on Wednesday amid weak global cues. On the sectoral front, Nifty media and metal indices are under selling pressure, while realty, banking, FMCG, and IT indices were trading up.

The Sensex rose 89 points to 37,624 levels, while the Nifty was up 19 points to 11,320 levels. The market breadth was neutral with 830 shares advancing, 733 shares declining, and 499 remaining unchanged on the BSE.

On the broader market front, the BSE MidCap index was trading at 26 points lower at 15,662, while the BSE SmallCap index was ruling at 14,927, up 6.62 points.

Shares of Jet Airways and SpiceJet dropped over 3% after Directorate General of Civil Aviation grounded the Boeing 737 Max aircraft with immediate effect, after the deadly Ethiopian Airlines plane crash.

Shares of Kotak Mahindra Bank slipped 1% after the Bombay HC refused the lender's plea to provide interim relief. 

Volatility index India VIX was up 3.07% at 15.56.

HCL Tech, IndusInd Bank, Dr.Reddy’s, and Eicher are trading higher, while IOC, ONGC, Coal India, and Zee are trading lower on the NSE.

The most active stocks on NSE are Reliance Industries, HDFC Life, HDFC Bank, IndusInd Bank, and Bajaj Consumer.

Meanwhile, the Indian rupee extended its gains for the third consecutive session on Wednesday.  The domestic unit gained by 6 paise to 69.65/$ in the early trade, led by sustained buying by overseas investors.
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Tuesday, March 12, 2019

Sensex rallies over 350 points; NTPC, Power Grid stocks lead

On the sectoral front, realty index gained 2% led by DLF, and Prestige which were up over 4%, followed by Indiabulls Real Estate and Oberoi Realty.
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Equity benchmark indices opened higher for the second consecutive session led by gains in Reliance Industries, HDFC Bank, ICICI Bank, and L&T. Meanwhile, all eyes will be on macro data such as IIP for the month of January and the inflation rate for the month of February, which is scheduled to be released today.

The Sensex rallied 351 points to 37,405, while the Nifty was up 98 points to 11,266. The market breadth was positive with 1,302 shares advancing, 284 shares declining, and 469 remaining unchanged on the BSE.

On the sectoral front, realty index gained 2% led by DLF, and Prestige which were up over 4%, followed by Indiabulls Real Estate, and Oberoi Realty.

Shares of HDFC Life Insurance Company Ltd slipped 4% in the morning trade. The company said that its promoter, Standard Life will sell 70cr shares or 3.47% stake through an offer for sale (OFS) on March 12 and 13.

Shares of PSP Projects jumped 4% after the company received work orders worth Rs602cr.

The Indian rupee gained 29 paise on Tuesday to trade at day’s high level of 69.60 against the dollar. The currency has appreciated 12 paise to open at 69.73/$.

NTPC, Power Grid, Titan, and Hindalco are trading higher, while Infratel, Eicher, Airtel, and BPCL are trading lower on the NSE.

Volatility index India VIX was down 0.90% at 14.76.

The most active stocks are Reliance Industries, ICICI Bank, HDFC Life, Eicher, and Titan.

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Monday, March 11, 2019

Sensex rallies over 250 points; Reliance, SBI stocks lead

The market breadth was positive with 1,200 shares advancing, 340 shares declining, and 83 remaining unchanged on the BSE.
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Equity benchmark indices opened higher on Monday due to fresh buying seen in auto, energy, telecom, consumer durables, and banking. The Sensex rallied 287 points to 36,985, while the Nifty was up 91 points to 11,126. The market breadth was positive with 1,200 shares advancing, 340 shares declining, and 83 remaining unchanged on the BSE.
Shares of Dilip Buildcon snapped two-day decline and rose 6% after the company was declared the lowest for the EPC project in Maharashtra costing Rs480cr to be completed in 24 months.
Shares of Jet Airways gained 3% after a media report said that the company has secured fresh credit facilities of Rs2,050cr from state-run Punjab National Bank that could provide a temporary lifeline to the cash-strapped airline.
Asian markets opened mixed after Friday's extreme sell-off caught everyone off guard. The Chinese index was down over 5% as other markets followed owing to huge profit booking that took place after a stupendous run in 2019.
The Indian rupee strengthened by 0.23% to 69.98 against the greenback.

SBI, ONGC, Coal India, and Hero MotoCorp were trading higher, while IndusInd Bank, Kotak Mahindra Bank, and NTPC were trading lower on the BSE.

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Sensex, Nifty extend gain; RCom surges 10%

The Sensex was trading 52 points up at 38,147 levels, while the Nifty gained 10 points at 11,473 levels, well below its key level of 11,500...