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Tuesday, July 17, 2018

Opening Bell (17 July 2018)


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Wednesday, July 11, 2018

Closing Bell (11 July 2018)


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Commodity Market


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Nifty likely at 11,400 by 2018 end; prefer largecap IT to midcaps: Deutsche Bank


According to Pratik Gupta, the market could fall 3-5 percent only if sharp appreciation in the US dollar and spike in crude oil prices. Overall any fall if it happens would only because of global cues.

The volatility in the stock market will likely continue in the short term, Pratik Gupta of Deutsche Bank India said.

He said that does not mean the upside is unlikely; in fact the Sensex can end the current calendar year at 37,000 and Nifty at 11,400 as the structural growth story of India is intact for next 3-5 years with corporate earnings picking up.

"We are seeing 20 percent earnings growth in FY19 and will continue in next year as well, which will eventually drive the market but near term the market will be volatile," Gupta said in an interview to CNBC-TV18.


The Nifty50 rallied 9 percent to surpass 10,900 levels on Tuesday after correcting more than 10 percent from record high of 11,171 in January to hit 2018 low of 9,951.90 in March, but the recovery was gradual and amid rangebound trade.

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Source:https://www.moneycontrol.com/news/business/markets/nifty-likely-at-11400-by-2018-end-prefer-largecap-it-to-midcaps-deutsche-bank-2696871.html

Market Live: Sensex continues to trade flat, Nifty around 10,950; Axis Bank, TCS gain


Among sectoral indices information technology (IT) stocks are standing out, gaining over 1 percent on the Nifty. This is led by gains in Tata Consultancy Services (TCS)

Market Update Benchmark indices have continued to trade flat in the first hour of trade, with the Nifty hovering around 10,950.

The Sensex is up 10.50 points or 0.03% at 36250.12, while the Nifty is up 2.40 points or 0.02% at 10949.70. The market breadth is narrow as 901 shares have advanced, against a decline of 836 shares, while 91 shares are unchanged.

TCS, Bajaj Auto, and Bharti Infratel are the top gainers, while Vedanta, Coal India, and Hindalco have lost the most.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-continues-to-trade-flat-nifty-around-10950-axis-bank-tcs-gain-2695621.html

Opening Bell (11 JUly 2018)


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Tuesday, July 10, 2018

Closing Bell (10 July 2018)


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Closing Bell: Sensex ends 192 pts lower, Nifty below 11,600 even as RBI cuts rate

Market at close:  Benchmark indices ended lower but off day's low after Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6...