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Showing posts with label Free Intraday Tips. Show all posts
Showing posts with label Free Intraday Tips. Show all posts
Wednesday, April 3, 2019
Closing Bell: Indices revert gains in late trade as Nifty ends below 11,650; BPCL down 4%
Market Close: Benchmark indices ended near day's low after Skymet predicts below normal monsoon due to developing El Nino.
Sensex and Nifty touched record high in the early trade today.
At close, the Sensex was down 179.53 points at 38877.12, while Nifty was down 69.20 points at 11,644. About 998 shares have advanced, 1574 shares declined, and 157 shares are unchanged
BPCL, Zee Entertainment, IOC, SBI and GAIL were the top losers on the Nifty, while gainers were Indiabulls Housing, Maruti Suzuki, Bajaj Finserv, HCL Tech and JSW Steel.
All the sectoral indices ended in red led by PSU bank (down 2.5 percent) followed by pharma, infra, energy, IT, metal, auto and FMCG.
Source:https://www.moneycontrol.com/news/business/markets/closing-bell-indices-revert-gains-in-late-trade-as-nifty-ends-below-11650-bpcl-down-4-3751991.html
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Saturday, March 30, 2019
March auto sales may be mixed amid high inventory, but these 2 stocks remain brokerages top picks
Automobile sales in March are expected to be mixed for the sixth consecutive month, citing high inventories, rising ownership cost and deferred purchases during general elections, brokerages said.
Passenger vehicles and two-wheeler sales are expected to be a mixed bag, while the commercial vehicle segment is expected to register weak growth during the month.
In a recent report, Emkay said channel checks indicate rising ownership cost, deferred purchases during elections and selective financing by non-banking financial companies (NBFCs) are constraining volume performance across the automotive segments in the near term.
In the last one year, the sector has been worst performer, with the Nifty Auto index falling nearly 24 percent, amid a liquidity crisis and weak festive season. In March itself, the index was down 1.5 percent as against a seven percent rally in the Nifty.
Motherson Sumi Systems (down 10 percent), Hero MotoCorp (4 percent), Tata Motors (4 percent), Bharat Forge (3.6 percent) and Maruti Suzuki (3.4 percent) were top losers during the month.
Emkay forecasts mixed domestic volumes in March, with growth in passenger vehicles but muted showing in other segments.
Motilal Oswal too expects the same. "While demand for passenger vehicles is partially supported by new launches, the same for commercial vehicle has been declining over the past two months due to weak demand from major end-user segments."
Passenger vehicles
Emkay said passenger vehicle volumes are expected to be positive in the domestic market, with nine and four percent growth for Mahindra & Mahindra and Tata Motors, respectively.
But Maruti Suzuki, the largest car maker, is expected to post a 11.5 percent year-on-year decline in total despatches in March due to weak demand trends in the key western, central and northern markets such as Maharashtra, Gujarat, Delhi and Madhya Pradesh, leading to continued high inventory levels, Motilal Oswal said, adding that dealer inventory stands at 45-60 days.
Two-wheelers
Sales in the two-wheeler segment are expected to be a mixed bag, with declines in Eicher Motors and Hero MotoCorp and growth seen in Bajaj Auto.
Emkay expects Eicher Motors and Hero MotoCorp to report a 12 percent and six percent decline in sales, while Bajaj Auto will post a 16 percent growth YoY.
The research house said competitive intensity has increased as a result of free insurance schemes by Hero MotoCorp and Bajaj Auto.
Dealer inventory days have significantly increased over the past few months and have reached historically high levels. Hero MotoCorp has the highest dealer inventory days at around three months, followed by two months for Bajaj Auto and TVS Motor Company, and one month for Royal Enfield.
After the gloom in January and February, Motilal Oswal said key channel partners are indicating weak retail sales across key markets in March too.
Source:https://www.moneycontrol.com/news/business/markets/march-auto-sales-may-be-mixed-amid-high-inventory-but-these-2-stocks-remain-brokerages-top-picks-3725911.htmlIf you need more information about the Stock Market: Visit: http://www.tradeindiaresearch.com
Friday, March 29, 2019
Tuesday, March 26, 2019
Sensex marginally higher, Nifty inches towards 11,400; Jet Airways rallies 7%
Market Opening:
Benchmark indices opened marginally higher after a selling pressure seen in previous two consecutive sessions.
The BSE Sensex rose 51.28 points to 37,860.19 and the Nifty50 gained 31.90 points at 11,386.20.
Indiabulls Housing, Zee Entertainment, Eicher Motors, GAIL, Adani Ports, Bharti Infratel and Reliance Industries were early gainers.
Infosys, TCS, Tech Mahindra, HCL Technologies, JSW Steel and Power Grid were under pressure.
Nifty Midcap index was up 0.5 percent.
Jet Airways rallied 7 percent after Naresh Goyal and his wife stepped down from board.
Kalpataru Power Transmission gained 4 percent.
ICICI Prudential Life lost 2.5 percent.
Rupee Opening
The Indian rupee opened higher at 68.88 against the US dollar on March 26, 2019.
It appreciated by 5 paise compared to Monday's close of 68.93 to the dollar.
"The rupee ended mildly higher, on March 25, recovering from its intraday lows of 69.17. RBI three-year dollar-rupee swap auction will be held today. The move in the rupee will be keenly watched ahead of RBI’s monetary policy meeting next week," ICICI Securities said.
The brokerage further said the slump in US yields could cap the dollar's ability to appreciate sharply.
Investors continue to await the US-China trade talks outcome while ongoing Brexit uncertainty is also weighing on risk sentiments, it added.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-marginally-higher-nifty-inches-towards-11400-jet-airways-rallies-7-3700331.html
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Saturday, March 23, 2019
These 30 stocks made most of the bull run, rallied 30-99% in a month
With D-Street riding a crest, stocks across sectors posted handsome gains.In the BSE 500 index, which gained 9 percent in 1 month, 30 stocks rallied in the range of 30 percent to 99 percent, which also include stocks that singed in September and October due to factors such as corporate governance issues, liquidity crisis and mixed earnings.
Suzlon Energy, Manpasand Beverages, Dilip Buildcon, Edelweiss Financial, CG Power, Bombay Dyeing, Adani Power, Allahabad Bank, Mahindra Holidays, NBCC, IRB Infrastructure, Just Dial, ICICI Securities, Kalpataru Power Transmission and Can Fin Homes were among the top 30 stocks.
On hopes of Modi government returning to power, FIIs are also in a bullish mood.
"After the clarity on the election results and earnings pickup, we feel, FIIs will do historic investments this year," Foram Parekh, Fundamental Analyst – Equity, Indiabulls Ventures, told Moneycontrol.
The most favoured stocks in this run were among midcaps and smallcaps.
In Nifty50, top four stocks were from PSU segment. They were HPCL (up 35 percent), IOC (up 29 percent), BPCL (21 percent) and NTPC (21 percent) while the rest five among top 10 stocks were from banking and financial segment. Yes Bank, Bajaj Finserv, IndusInd Bank, ICICI Bank and SBI gained 15-17 percent.
Source:https://www.moneycontrol.com/news/business/markets/these-30-stocks-made-most-of-the-bull-run-rallied-30-99-in-a-month-3683761.htmlIf you need more information about the Stock Market:
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Wednesday, March 20, 2019
PNB climbs 3% after Nirav Modi's arrest in London
Punjab National Bank shares rallied 3 percent to close at Rs 93.55 on March 20 after reports of fugitive Nirav Modi getting arrested in London.
Modi, along with Mehul Choksi, is accused in Rs 14,000 crore fraud involving Punjab National Bank.
According to news agency PTI, the arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering case.
He will be produced at the Westminster magistrates' court on March 20.
The ED and the Central Bureau of Investigation (CBI) are investigating Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in the Brady House branch of the PNB in Mumbai that was unearthed in early 2018.
The stock lost nearly 70 percent from January 2018 to September 2018, followed by recovery in October 2018.
Source:https://www.moneycontrol.com/news/business/markets/pnb-climbs-3-after-nirav-modis-arrest-in-london-3673241.htmlIf you need more information about the Stock Market:
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Friday, March 15, 2019
Closing Bell: Sensex ends 269 points higher, Nifty above 11,400; IT stocks outshine
Market at close: Benchmark indices ended higher but off day's high on the back of last hour selling pressure.
The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90. About 1172 shares have advanced, 1452 shares declined, and 162 shares are unchanged.
Among the gainers, Kotak Mahindra Bank rose 4%, followed by Power Grid Corp, TCS, ICICI Bank and SBI, while on the other hand HUL shed 2 percent, followed by Yes Bank, RIL, Bharti Airtel and ITC on the Sensex.
On the sectoral front, IT index has outperformed the other indices with nearly 2 percent gain followed by auto, infra, metal and pharma, while selling was seen in the FMCG space.
Nifty Bank continued its upward momentum as it ended 1.6 percent higher at 29381.50.
Source:https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-269-points-higher-nifty-above-11400-it-stocks-outshine-3649211.html
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Thursday, March 14, 2019
Nifty forms bearish candle; consolidation likely but 11,383 crucial for bulls
The Nifty50 took a breather on March 14 and closed flat after witnessing a rally in previous three consecutive sessions. The broader markets also barely changed against its previous close.
The index remained in a range of 30 points for major part of the session and formed bearish candle on the daily charts as closing is way below its opening price.
Considering breather after a three-day rally indicates that there could be some more consolidation in the coming session, but the major downside is unlikely, experts said, adding 11,383 is crucial level for bulls.
The Nifty50 after positive opening at 11,382.50 traded higher for nearly one hour and hit an intraday high of 11,383.45 after RBI's latest statement on liquidity infusion in the system. But the index failed to sustain those gains and hit a day's low of 11,313.75. The index remained rangebound for major part of the session and closed at 11,343.30, up 1.60 points.
"Nifty50 registered a bearish candle on intraday charts, suggesting that market hit a pause mode for time being," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in told Moneycontrol.
He said, in next trading session if Nifty slips below 11,313 then it shall attract further selling pressure for the day which may then hint at a short term top around March 14 high of 11,383. In such a scenario initial target shall be in the zone of 11,227–11,180, he added.
As twin momentum oscillators, which usually have higher accuracy in catching short term turning points are on sell mode, he advised traders to refrain from maintaining or creating fresh long positions at this juncture.
India VIX moved down by 0.98 percent to 15.12. VIX has been hovering near to 15 but it has recently declined from higher zones which is supporting the overall bullish stance, experts said, adding option band signifies a shift in higher trading range in between 11,150 to 11,450 zones.
On Option front, maximum Put open interest (OI) is at 11,000 followed by 11,200 strike while maximum Call OI is at 11,500 followed by 11,400 strike.
Put writing is at 11,300 followed by 11,200 strike while Call writing is at 11,400 followed by 11,500 strike.
"On immediate basis Nifty index has to continue to hold above 11,280 to extend its upmove towards 11,400-11,450 while on the downside support exists at 11,280 then 11,222," Chandan Taparia, Associate Vice President | Analyst-Derivatives at Motilal Oswal Financial Services said.
Bank Nifty opened positive and hit a fresh life-time high of 29,070, however, it failed to hold above 29,000 and slipped marginally towards 28,800. It later recovered from lower levels but formed a bearish candle on the daily scale. The index closed 38.80 points higher at 28,923.10.
"Now it has to continue to hold above 28,688 to extend its momentum towards new life-time high of 29,000 then 29,250 while on the downside major support exists at 28,500 then 28,388," Chandan Taparia said.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bearish-candle-consolidation-likely-but-11383-crucial-for-bulls-3647341.htmlIf you need more information about the Stock Market:
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Wednesday, March 13, 2019
Investor wealth up Rs 8 lk cr in March as FII inflows get a boost, Street expects Modi return
The benchmark index, S&P BSE Sensex, fell for nine consecutive days last month from February 7 to 19. Given the somber sentiment on the Street at that time, no one could have thought that the index would rally 2,248 points in the next 14 sessions.
Thanks to the strong rally in past few sessions, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 12 lakh crore as on March 12 to Rs 148.20 lakh crore from Rs 136.24 lakh crore as recorded on February 19 when the index made a bottom of 35,287.
In March alone, m-cap of BSE-listed companies has risen by Rs 7.79 lakh crore.
Both Sensex and Nifty have risen above their crucial resistance levels to hit 6-month highs, thanks to liquidity push from foreign institutional investors (FIIs), and expectations of Modi 2.0 in the upcoming Lok Sabha elections to be held from April 11 to May 19.
“Before the Pulwama attack, there was uncertainty about the formation of next government. The way government has handled the situation increased the probability of BJP coming back to power,” Rusmik Oza, Head of Fundamental Research, Kotak Securities told Moneycontrol.
“Market is sensing a BJP victory after the Pulwama event and developments that have taken place since then. In the last three months, activity in emerging markets has improved with improved flows,” he said.
One big factor that is pushing the market higher is massive liquidity push seen from foreign institutional investors (FIIs) so far in March and February. FIIs have poured a little over Rs 10,000 crore in Indian equities till March 12.
FPIs were net buyers (equity and debt) in February as well as January 2019 for Rs 13,564 crore and Rs 127 crore, respectively. Experts feel that with FII flows resuming and domestic investors getting comfortable with the political developments, a host of beaten-down largecaps, mid and smallcaps are doing catch-up now.
“FIIs are continuously buying quality names that we saw in recent block deals of Kotak Bank, Wipro, etc. With stability in INR and supportive macros and micros can expect similar or better flow in the near term,” Yogesh Mehta, VP, Retail Research, Motilal Oswal Securities told Moneycontrol.
“Lower inflation, lower interest rates, stronger rupee and stable crude prices are the support for India’s economy whereas global markets are worrisome over the growth slowing down, Brexit and tariff war between US and China, which indicates Indian markets are decoupled due to the election in the centre stage,” he said.
Mehta further added that the recent air strike in Balakot has increased the popularity of Modi and markets have started projecting better performance of the ruling party in the coming election.
Source:https://www.moneycontrol.com/news/business/markets/investor-wealth-up-rs-8-lk-cr-in-march-as-fii-inflows-get-a-boost-street-expects-modi-return-3636791.html
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Tuesday, March 12, 2019
Nifty above 11,250, Sensex gains 300 pts; HDFC Life falls 4%
Market Opens: Indian indices continued its upward momentum on the second day on Tuesday with Nifty opened above 11,200 level.
The Sensex is up 291.67 points at 37345.77, while Nifty is up 80.50 points at 11248.50. About 759 shares have advanced, 129 shares declined, and 24 shares are unchanged.
RIL, Tata Motors, IOC, Bajaj Finserv, HDFC, Dabur, Ashok Leyland, Union Bank, IOB, Coal India, HDFC Bank, Gail, Grasim Industries are among major gainers on the indices, while losers are Bharti Airtel, Bharti Infratel and HDFC Standard Life.
All the sectoral indices are trading higher led by energy, infra and metal.
Rupee Opens: The Indian rupee opened higher by 13 paise at 69.75 per dollar on Tuesday versus Monday's close 69.88.Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-above-11250-sensex-gains-300-pts-hdfc-life-falls-4-3634311.html
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Monday, March 11, 2019
Nifty above 11,100, Sensex gains 200 pts; ONGC jumps 2%
Market opens: It is a positive start for the indices on Monday with Nifty inching towards 11,100 mark.
The Sensex is up 212.54 points at 36883.97, while Nifty up 68.90 points at 11104.30. About 739 shares have advanced, 208 shares declined, and 53 shares are unchanged.
Sadbhav Infra, GMR Infra, Jet Airways, Dilip Buildcon, SBI, ONGC, IOC, Titan, Dr Reddy’s Lab, Bharti Infratel, JSW Steel, Hero Moto, are some of the gainers on the indices, while lowers are Kotak Mahindra Bank, CG Power, Reliance Infra, TCS, Nalco and REC.
All the sectoral indices are trading in green.
Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 70.01 per dollar versus previous close 70.15.
Source:https://www.moneycontrol.com/news/business/markets/market-live-sgx-nifty-indicates-flat-start-for-indian-indices-3629741.html
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Friday, March 8, 2019
Closing bell: Nifty holds 11,000 on a rangebound day, Sensex marginally lower
The market closed off its lows amid rangebound session due to lack of cues.
The 30-share BSE Sensex was down 53.99 points at 36,671.43 and the Nifty50 fell 22.80 points to 11,035.40.
Tata Motors, Wipro, HCL Technologies, Tata Steel, Hindalco and Maruti Suzuki were down 1-4 percent while Bajaj Auto and Eicher Motors gained over a percent each.
The broader markets also ended in the red. Nifty Midcap index was down 0.2 percent.
Arvind was down 5 percent, but its subsidiary Arvind Fashions rallied 5 percent on day 1.
Dish TV, Jain Irrigation, Firstsource and Reliance Infrastructure were down 2-4 percent. However, Granules India, Gujarat Gas, Just Dial, ICICI Prudential and Reliance Nippon gained 3-7 percent.
Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-holds-11000-on-a-rangebound-day-sensex-marginally-lower-3622361.html
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Sensex falls 100 pts, Nifty around 11k; Tata Motors slips 3%
Market Opens: It is a weak start for the indices on the last day of the truncated week with Nifty below 11,050 level.
The Sensex is down 6.09 points at 36719.33, while Nifty is down 14 points at 11044.20. About 560 shares have advanced, 404 shares declined, and 61 shares are unchanged.
Wipro, Tata Motors, Tata Steel, Hindalco, Vedanta, Asian Paints, Maruti Suzuki, are among major gainers on the indices, while losers are M&M, ITC, HUL, Jet Airways, DHFL, Ashok Leyland and Bharti Infratel.
Among the sectors, auto, bank, metal and IT are trading lower, while FMCG, infra and pharma are witnessing some buying.
Rupee Opens: The Indian rupee opened lower by 17 paise at 70.17 per dollar on Friday versus previous close 70.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-falls-100-pts-nifty-around-11k-tata-motors-slips-3-3622361.html
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Thursday, March 7, 2019
PSU banks extend gains led by PNB; Axis Bank hits new 52-week high, Zee Entertainment drags
The Sensex and the Nifty have managed to recover from the lows of the day with Nifty50 adding 27 points, trading at 11080 while the Sensex gained 158 points and was trading at 36,794 mark.
Nifty PSU Bank was the outperforming sector, up over 1 percent led by PNB, Bank of Baroda, Oriental Bank of Commerce, Syndicate Bank, Vijaya Bank and Canara Bank.
From the private banking space, the top gainers were Axis Bank and HDFC Bank.
Selective infra stocks were buzzing in this afternoon session led by Larsen & Toubro, Bharti Airtel, NHPC, Power Grid and Vodafone Idea.
From the FMCG space, the top gainers were ITC, Jubilant Foodworks, Hindustan Unilever and Godrej Consumer.
However IT stocks were trading in the red with loses from Wipro, Infosys, Tech Mahindra and Oracle Financial Services.
From the media space, the top losers were DEN Networks, Dish TV, TV Today and Zee Entertainment.
The top gainers from NSE included Larsen & Toubro, Mahindra & Mahindra, Axis Bank, HPCL and ITC while the top losers included Wipro, Coal India, Indian Oil Corporation, Tech Mahindra and Zee Entertainment.
The most active stocks were Reliance Industries, L&T, Axis Bank, YES Bank and Indiabulls Housing Finance.
21 stocks have hit new 52-week high on NSE including Axis Bank, Bata India, Praj Industries, REC, Dalmia Bharat Sugar, Aavas Financiers and Adani Gas.
The breadth of the market favoured the advances with 900 stocks advancing and 826 declining while 348 remained unchanged. On the BSE, 1318 stocks advanced, 1261 declined and 150 remained unchanged.
Source:https://www.moneycontrol.com/news/business/markets/d-street-buzz-psu-banks-extend-gains-led-by-pnb-axis-bank-hits-new-52-week-high-zee-entertainment-drags-3619461.html
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Nifty holds above 11,050 in flat trade; metal stocks under pressure
Market Opens: It is a firm start for the Indian indices on Thursday with Nifty trading above 11,050 level.
The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged.
IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel.
Among the sectoral indices, metal index is under pressure with 1 percent cut, followed by auto, pharma and PSU Bank, while some buying is seen in the energy, infra, FMCG and IT.
Rupee Opens: The Indian rupee gained in the early trade on Thursday. It opened higher by 20 paise at 70.08 per dollar versus previous close 70.28.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-holds-above-11050-in-flat-trade-metal-stocks-under-pressure-3616981.html
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Wednesday, March 6, 2019
Closing Bell: Nifty ends above 11,050, Sensex up 193 points; Dilip Buildcon gains 14%
Market at close: Benchmark indices ended higher for the third consecutive day with Nifty finished above 11,050.
The Sensex was up 193.56 points at 36636.10, while Nifty was up 65.50 points at 11053. About 1636 shares have advanced, 1025 shares declined, and 147 shares are unchanged.
BPCL, Bajaj Finance, ICICI Bank, Reliance Industries, Vedanta, Power Grid Corp and Bharti Infratel were among major gainers on the indices, while Tata Motors, Axis Bank, HUL, Hero Motocorp, HCL Tech, Zee Entertainment and Indiabulls Housing were on the losing side.
Among the sectors, except auto all other indices ended in green led by energy, pharma, infra and metal.
Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-above-11050-sensex-up-193-points-dilip-buildcon-gains-14-3612041.html
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Friday, March 1, 2019
Closing bell: Nifty snaps 3-day fall, Sensex gains 196 pts; Midcap, Smallcap indices outshine
The market snapped its three-day losing streak and closed half a percent higher, but the broader markets staged smart show on strong breadth.
The 30-share BSE Sensex rallied 196.37 points to 36,063.81 and the Nifty50 gained 71 points at 10,863.50.
About three shares advanced for every share falling on the BSE.
IndusInd Bank, ICICI Bank, HDFC, L&T and Infosys were leading contributors while Bharti Airtel, Axis Bank, UPL and Bajaj Auto were under pressure.
Among broader space, TVS Motor Company, Jet Airways, NALCO, Union Bank, Vijaya Bank, SAIL, RCF, Wockhardt, Dish TV, Meghmani Organics and OBC rallied 4-11 percent.
Marico, Motherson Sumi and Havells India were under pressure.
Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-snaps-3-day-fall-sensex-gains-196-pts-midcap-smallcap-indices-outshine-3597211.htmlIf you need more information about the Stock Market:
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