RBI cuts repo rate: 12 rate-sensitive stocks that will benefit the most

The Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to ‘Neutral’. This is the second rate cut in 2019.

“These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of +/- 2 percent while supporting growth,” the central bank said in a statement.

The MPC notes that the output gap remains negative and the domestic economy is facing headwinds, especially on the global front. The need is to strengthen domestic growth impulses by spurring private investment which has remained sluggish.

Rate cut usually acts as a sentiment booster and aid companies that have to service large debts. A cut by RBI injects liquidity in the economy. Loans with a low rate lead to an increase in buying interest in the consumer-driven economy which will help India Inc. to deliver strong earnings growth.

Top sectors which are likely to benefit the most from a rate cut are banking, NBFC, infrastructure and real estate. This rate cut will help in boosting demand and ease interest rate pressure on debt-heavy companies, suggest experts.

“If we look from the perspective of real estate sector the RBI rate cut will impact the home loan interest rate, this will allow the reduction in EMIs which will bring a positive impact on the sector's growth. IndiaBulls real estate and DLF are the two stocks which have some debt burden and seems to get the benefit of this rate cut,” Ritesh Ashar, CSO at KIFS Trade Capital told Moneycontrol.

“NBFC sector along with banks are also likely to get the benefit of this rate cut as the cost of funding will become low and there would be an improvement in the margin and in this space stocks like DHFL and Indiabulls Housing Finance looks quite promising,” he said.

Source:https://www.moneycontrol.com/news/business/stocks/rbi-cuts-repo-rate-12-rate-sensitive-stocks-that-will-benefit-the-most-3753751.html

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Nifty hits record high: 10 stocks rallied 22-42% as index gained 1,160 pts

The optimism driven by increasing FII inflows helped Nifty50 to surpass its previous record high of 11,760.20 (touched in August 2018) on April 3 morning.

The index took 146 trading sessions to hit new record high of 11,761 on April 3. The rally actually started in February 2019, especially after opinion polls which indicated that ruling party can win 260-270 seats in general elections 2019.

FIIs have bought equity worth more than Rs 50,000 crore since February.

The Nifty50 has added 1,160 points and the BSE Sensex surged nearly 3,900 points since February 19, 2019.

The correction is over for the time being and the market is in uptrend. In fact, we are in a bull run started in 2013, though there were corrections in between. After September-October 2018 correction market nicely bounced back," Ramesh Damani, Member BSE said in an interview to CNBC-TV18.

Volatility is always associated with elections which come and go, the market is still in bull run and hope the Sensex will go above 40,000 and beyond soon, he added. However, as the market has rallied more than 10 percent and is at higher end of range, he would be cautious.

Among Nifty50, 46 stocks participated in the rally out of which top 30 stocks gained 10-42 percent.

Stocks that gained the maximum in last one-and-half-month are Indiabulls Housing Finance, Yes Bank, Hindustan Petroleum, Tata Motors and Indian Oil Corporation.

The stellar run was not restricted to benchmark indices only, in fact it spilled over to broader market as well which had underperformed since January 2018.

The Nifty Midcap index spiked nearly 14 percent and Smallcap index jumped 18 percent.

“Fresh highs were bound to happen as the force behind the trend looks intact for the further gains that may push Nifty to touch beyond 12K mark and Sensex beyond 39,500,” Mustafa Nadeem, CEO, Epic Research told Moneycontrol.

“Lower inflation, lower interest rate scenario, a dovish stance from Fed reserve and liquidity-driven markets, all these factors are favoring the current scenario,” he said.

The rally was across sectors with Nifty Bank, energy, financial service, infra, metal and realty gaining the most (12-20 percent). PSU Bank, the biggest underperformer due to NPA concerns, turned biggest gainer with 27 percent upside since February 19.

Source:https://www.moneycontrol.com/news/business/markets/nifty-hits-record-high-10-stocks-rallied-22-42-as-index-gained-1160-pts-3753061.html

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Nifty may consolidate ahead of March expiry; HDFC Bank, ICICI, SBI top bets

Since the index is already up for 12-13 trading sessions, one should wait for some price and time correction to take place to initiate fresh long positions, Arun Kumar, Market Strategist, Reliance Securities, said in an interview with Moneycontrol’s Kshitij Anand.

Q) What is fuelling a rally in Nifty Bank and near-term target? Any stocks particularly in that index which are still looking attractive after recent rally?

A) The sharp breakout of NiftyBank index seen on March 5, 2019, triggered bullish signals on a near-term basis. On March 7, the Bank index surpassed its high of 27,754 recorded on January 9, 2019, on a closing basis.

This move confirmed the breakout and attracted long-term participation. Stocks, especially Axis Bank and ICICI Bank, improved the bullish sentiments with their sharp rallies.

Since the index is already up for 12-13 trading sessions, one should wait for some price and time correction to take place to initiate fresh long positions.

HDFC Bank, ICICI Bank, SBI and Axis Bank may be considered for going long, post the corrective action.

Q) Mid and small-cap stocks which have been hitting 52-week highs on consistently. Are they still worth looking at?

A) The NSE Midcap Index has consolidated around its long-term average for the past eight trading sessions and the index has moved up significantly after testing its 200-week moving average over the past five weeks.

Whereas, NSE Small-cap Index has been hovering just below its 200-DMA for the past nine trading sessions. It trades just below its 200-week moving average.

From a relative strength perspective (RSI), NSE Small-cap index displays better strength. Considering the behaviour of these indices against the benchmark, one must be very selective and trade in qualitative stocks.

Q) How is Nifty looking on charts ahead of the March F&O expiry?

A) The NSE Nifty50 Index is stretched on the near-term basis and may consolidate ahead of the expiry. Since the index is positive on a medium-term basis, we expect any corrective action to be limited. Ideally, it should hold above 11,250 on closing basis during next week to maintain its positive momentum.

Q) How are Airline stocks such as IndiGo, SpiceJet, and Jet Airways looking on charts?

A) IndiGo continues to rule the roost as the leader in this pack. It is the outperformer. The stock has scope to retain its leadership on a medium-term basis.

SpiceJet comes in as the second-best stock to trade and based on the setups it could generate positive returns on a medium-term basis.

However, Jet Airways has underperformed and there are no immediate signs of reversing this trend.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Source:https://www.moneycontrol.com/news/business/markets/nifty-may-consolidate-ahead-of-march-expiry-hdfc-bank-icici-sbi-top-bets-3686931.html

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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.html

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Indices off day's high, Nifty trades flat; Power Grid Corp falls 3%

Market opens: It is a firm start for the Indian indices on Thursday morning with Nifty around 11,370 level.

The Sensex is up 131.80 points at 37883.97, while Nifty is up 32.80 points or 0.29% at 11374.50. About 566 shares have advanced, 268 shares declined, and 56 shares are unchanged. 

DHFL gained 5 percent, followed by Lemon Tree, Lupin, Zee Ent, Indianbulls Housing, HCL Tech, Axis Bank, Yes Bank, Infosys are among the major gainers on the indices, while losers include Power Grid, BPCL, Tata Motors, Adani Ports and HPCL.

Among the sectors, FMCG, infra and energy are trading marginally lower, while IT, metal, pharma, and auto witnessing buying interest.

Rupee Opens: The Indian rupee opened lower by 14 paise at 69.67 per dollar on Thursday versus previous close 69.53.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-around-indices-off-days-high-nifty-trades-flat-power-grid-corp-slumps-3-3644301.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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Closing Bell: Nifty ends flat, Sensex up 89 points; L&T, Axis Bank top gainers

Market at close: Benchmark indices ended higher for the fourth consecutive day with Nifty closed around 11,050 level.

The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. About 1287 shares have advanced, 1349 shares declined, and 159 shares are unchanged.

L&T, M&M, Axis Bank, ITC and Power Grid Corp were the top gainers on the Nifty, while losers include Wipro, IOC, Coal India, Zee Entertainment and Sun Pharma.

Among the sectoral indices, IT, metal, auto and pharma witnessed selling pressure, while some buying was seen in the bank, FMCG and infra sectors.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-flat-sensex-up-89-points-lt-axis-bank-top-gainers-3616981.html

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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.html

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Closing Bell: Sensex, Nifty end a rangebound session flat; metal stocks outperform

Market Close: Benchmark indices ended flat on Friday after trading in narrow range throughout the day.

The Sensex was down 26.87 points at 35871.48, while Nifty was up 1.80 points at 10791.70. About 1602 shares have advanced, 906 shares declined, and 148 shares are unchanged. 

IOC, HPCL, JSW Steel, Vedanta and Yes Bank were the top gainers on the Nifty, while losers include Kotak Mahindra Bank, GAIL, HDFC Bank, Reliance Industries and Cipla.

Among the sectors, except energy and bank all other sectoral indices ended in green.

Source:https://www.moneycontrol.com/news/business/markets/sensex-nifty-end-a-rangebound-session-flat-metal-stocks-outperform-3570331.html

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Nifty forms 'Bearish Belt Hold' pattern on weekly charts, tread with caution

The Nifty50 managed to trim losses in the second half and closed off day's low amid weak Asian cues on Friday, but the broader markets caught in complete bear trap as the Nifty Midcap and Smallcap indices were down a percent each.

The index registered a bearish candle, which resembles a Hammer kind of formation on the daily charts and 'Bearish Belt Hold' pattern on the weekly scale.

Hammer formations on daily charts should have bullish connotations for the near term, but traders need to be cautious as weakness on weekly charts is getting more pronounced, experts said.

A 'Bearish Belt Hold' pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and a small lower shadow.

A Hammer which is a bullish reversal pattern is formed after a decline while a Hanging Man is a bearish reversal pattern. A Hammer consists of no upper shadow, a small body, and long lower shadow. The long lower shadow of the Hammer signifies that it tested its support where demand was located and then bounced back.

The Nifty50 after opening moderately higher managed to hit an intraday high of 10,785.75 in early trade itself, but immediately bears took the control of Dalal Street and the index fell up to 10,620.40 in afternoon, followed by a bit of recovery in second half of session. The index cut down losses and closed down 21.60 points at 10,724.40.

"It was heartening to see Nifty50 staging a pull back move from the critical supports, placed around 10,600, as it recouped all the intraday losses which resulted in a Hammer kind of formation with a long lower shadow but weekly charts depicted a Bearish Belt Hold formation as Nifty continued to remain under pressure throughout the week from the highs of 10,930," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

He said usually Hammer formations on daily charts should have bullish connotations for the near term provided in the immediate session market witness a follow through buying.

In such a scenario sustaining above 10,700 levels on closing basis Nifty should ideally target 10,900 levels, he added.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bearish-belt-hold-pattern-on-weekly-charts-tread-with-caution-3544931.html

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Indices trim gains with Nifty below 10,850; auto stocks under pressure

Market Opens: Benchmark indices opened higher on Wednesday with Nifty trading above 10,850 mark.

The Sensex is up 199.06 points at 36352.68, while Nifty is up 58.60 points at 10890. About 506 shares have advanced, 285 shares declined, and 33 shares are unchanged. 

Sun Pharma, ITC, Cola India, Indiabulls Housing, Jet Airways, ONGC, Bata, JSW Steel, TCS, RIL are the top gainers on the indices, while losers are HPCL, Infosys, Axis Bank.

Rupee Opens: The Indian rupee gained in the early trade on Wednesday. It has opened higher by 22 paise at 70.48 per dollar versus previous close 70.70.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indices-trim-gains-with-nifty-below-10850-auto-stocks-under-pressure-3525251.html

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Closing Bell: Sensex ends over 240 points lower, Nifty below 10,850; Sun Pharma up 3%

Market at Close Equity benchmarks closed the session with cuts of over half a percent. The Nifty managed to end below 10,850-mark. 

Banks, automobiles, consumption, and IT were the top losers, while metals and pharma were the big gainers. The midcap index has ended flat. 

At the close of market hours, the Sensex was down 241.41 points or 0.66% at 36153.62, and the Nifty down 57.40 points or 0.53% at 10831.40. The market breadth was negative as 1050 shares advanced, against a decline of 1452 shares, while 131 shares were unchanged.

Sun Pharma, Coal India, JSW Steel and Zee Entertainment gained the most, while Hero MotoCorp, HDFC, and Bharti Infratel lost the most. 

Source: https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-over-240-points-lower-nifty-below-10850-sun-pharma-up-3-3517941.html

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Closing bell: Nifty closes below 10,900, Sensex loses 151 pts; midcaps underperform

Market Closing

Benchmark indices continued to reel under selling pressure for third consecutive session on Monday. The 30-share BSE Sensex fell 151.45 points to 36,395.03 and the Nifty50 plunged 54.80 points to 10,888.80.

The broader markets also caught in bear trap with the Nifty Midcap index falling 1.7 percent and Smallcap shedding 1.8 percent, underperforming frontliners.

The market breadth was largely in favour of bears as about two shares declined for every share rising on the NSE.

Reliance Industries and ICICI Bank were leading contributors to the Nifty's fall.

Dr Reddy's Labs and M&M were biggest losers among Nifty50 stocks, down more than 5 percent each. ONGC, Hindalco Industries and UltraTech Cement were down 4-5 percent.

However, Tata Steel, Cipla, IOC, Tata Motors and HCL Technologies gained 1-2.5 percent.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-closes-below-10900-sensex-loses-151-pts-midcaps-underperform-3509041.html

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Sensex gains 100 points, Nifty above 10,850; Vedanta tumbles 14%

Market Opens: It is firm opening for the benchmark indices ahead of Budget announcement with Nifty holding above 10,850 level.

The Sensex is up 83.63 points or 0.23% at 36340.32, and the Nifty up 29.30 points or 0.27% at 10860.30. About 458 shares have advanced, 275 shares declined, and 34 shares are unchanged. 

Dabur, Bharti Airtel, UPL are trading higher, while Vedanta tumbled 14 percent.

Banking stocks including Bank of India, OBC, Bank of Maharashtra gained 4-14% after RBI lift the lending curbs.

Piyush Goyal, the interim finance minister, is going to present the interim budget for 2019-20 in parliament today.

Rupee Opens: The Indian rupee opened higher at 71 per dollar on Friday against previous close 71.08.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-gains-100-points-nifty-above-10850-vedanta-tumbles-14-3467031.html

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Nifty above 10,900, Sensex gains 250 points; IT stocks trade higher

Market Opens: Benchmark indices started the day on positive note with Nifty is trading above 10,900 level.

The Sensex is up 201.85 points at 36396.95, while Nifty is up 59.60 points at 10909.40. About 445 shares have advanced, 240 shares declined, and 35 shares are unchanged.

Yes Bank gained 10 percent in early trade on appointment of Ravneet Gill as new MD & CEO. UPL, Bharti Infratel, Sun Pharma, Bhrati Airtel, RIL, Axis Bank, TCS are other mojor gainers, while ICICI Bank and HDFC Bank are trading lower.

Rupee Opens: The Indian rupee opened higher at 71 per dollar on Friday against previous close 71.07.

Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sgx-nifty-indicates-gap-up-opening-for-indian-indices-3433321.html

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Sensex trades lower, Nifty around 10,800; Tata Motors, Infosys major losers

  

Market Opens: Indian indices started the day on flat note with Nifty trading below 10,850 level.

The Sensex is down 2.76 points at 36105.71, while Nifty is down 2.10 points at 10829.40. About 374 shares have advanced, 306 shares declined, and 29 shares are unchanged. 

Bharti Airtel, Bharti Infratel, Vodafone Idea, Hero Motocorp, ITC, Zee Entertainment, Asian Paints are the major gainers, while United Spirits, Pidilite, Interglobe are among major losers.

Rupee Opens: The Indian rupee opened higher by 7 paise at 71.27 per dollar on Thursday versus previous close 71.34.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-lower-nifty-around-10800-tata-motors-infosys-major-losers-3427891.html

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