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.
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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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Friday, February 15, 2019

Nifty holds 10,700 mark; Pharma, Auto stocks drag

Selling pressure was seen in financial, pharma, auto and metal stocks.
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Equity benchmark indices opened on a flat note owing to weak global cues following fears of slowing US economy. Selling pressure was seen in financial, pharma, auto and metal stocks. The Sensex has declined for six consecutive days, logging its worst run since September 05, 2018, and the Nifty50 registered five straight days of downward movement.

Jet Airways stock gained 6% on the BSE. As per a media report, the airline company may get the loan from banks led by State Bank of India against shares pledged by founder and Chairman Naresh Goyal and partner Etihad Airways PJSC and backed by their guarantees. The airline company on Thursday posted a net loss of Rs587.8cr for the third quarter ended December 2018 on higher crude oil prices

Shares of ONGC jumped 5% after the company reported a 65% yoy increase in net profit to Rs8,262.70cr.

The Sensex is down 107 points at 35,768, while the Nifty slipped 36 points at 10,710. The market breadth was negative with 611 shares advancing, 917 shares declining, and 510 remaining unchanged.

ONGC, NTPC, Power Grid, IOC, and BPCL are trading higher on the NSE, while Sun Pharma, HPCL, JSW Steel, and HDFC BANK are trading lower.

Volatility index India VIX was up 6.11% at 16.73.

The most active stocks were SBI, Yes Bank, ONGC, and L&T.

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Thursday, February 14, 2019

Sensex, Nifty trade lower; Bank Nifty stocks up

In the broader market, the BSE Midcap index was trading 57 points lower at 13,978, while the BSE Smallcap index was trading at 13,299, down 41 points.
 capitalstars
CAPITALSTARS FINANCIAL ADVISORY COMPANY
Equity benchmark indices opened lower tracking cues from Asian markets. The Indian rupee opened lower at 70.87 per dollar on Thursday vs. its previous close 70.80/$.

Shares of Yes Bank climbed 25% on the BSE in Thursday's morning trade as the Reserve Bank of India (RBI) has not found any divergence in the asset classification and provisioning done by the lender during 2017-18. Around 0.9% equity worth Rs464cr traded in multiple blocks on the NSE at an average of Rs210 per share.

The Sensex is down 78 points at 35,956, while the Nifty slipped 25 points at 10,768. The market breadth was negative with 590 shares advancing, 894 shares declining, and 554 remaining unchanged.

In the broader market, the BSE Midcap index was trading 57 points lower at 13,978, while the BSE Smallcap index was trading lower at 13,299, down 41 points.

Yes Bank, Indiabulls HF, Hero MotoCorp, Cipla, and Eicher are trading higher on the NSE, while Airtel, Infratel, Kotak Mahindra Bank, and Coal India are trading lower.

Volatility index India VIX was up 0.61% at 15.82.

The most active stocks were Yes Bank, Indiabulls HF, HDFC, RIL, and Adani Ports.


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Wednesday, February 13, 2019

Nifty above 10,850 mark; Realty, FMCG stocks lead

The market breadth was positive with 930 shares advancing, 596 shares declining, and 512 remaining unchanged.
 capitalstars
CAPITALSTARS FINACIAL ADVISORY COMPANY
Equity benchmark indices opened higher tracking cues from its Asian peers, on optimism that United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.

On the sectoral front, realty index rose 1.4% followed by FMCG, pharma, and banking. On the flip side, IT, media and auto indices were trading in the negative zone.

The Sensex is up 132 points at 36,285, while the Nifty rose 27 points at 10,858. The market breadth was positive with 930 shares advancing, 596 shares declining, and 512 remaining unchanged.

Shares of Sun Pharma advanced 2.5% after its PAT grew 286.2% yoy to Rs1,241.85cr in Q3FY19.

In the broader market, BSE MidCap index was trading 60 points higher at 14,168 in early trade.

The rupee gained by 22 paise at 70.48 against the US dollar.

ITC, Sun Pharma, Indiabulls HF, Power Grid, and Adani Ports are trading higher on the NSE, while RCom, Infratel, HPCL, BPCL, and M&M are trading lower.

Volatility index India VIX was up 2.98% to 16.03.

The most active stocks were Sun Pharma, Bata India, Axis Bank, and ITC.


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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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. Equity ben...