Sensex up nearly 260 points higher, Nifty reclaims 10,800; Titan up 3%

Market opens Equity benchmarks have witnessed a strong start, with the Sensex rising over 260 points, while the Nifty has reclaimed 10,800.

All sectors are trading in the green, with maximum gains seen among metals, automobiles, consumption, as well as financials. The Nifty Midcap index is up around 0.70 percent. 

The Sensex is up 266.96 points or 0.75% at 35962.06, while the Nifty is higher by 87.90 points or 0.82% at 10815.30. The market breadth is positive as 415 shares advanced, against a decline of 67 shares, while 26 shares were unchanged.

Yes Bank, Vedanta, and Titan are the top gainers, while Bajaj Auto is the only loser. 

Rupee opens The Indian rupee gain in the early trade on Monday. It has opened higher by 30 paise at 69.42 per dollar versus Friday's close 69.72.

Rupee rose against the US dollar ahead of the important non-farm payrolls number that was released later on Friday. The US economy saw job addition of 312,000 jobs in December compared to 176,000 job additions in the previous month, said Motilal Oswal.

Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-opens-over-260-points-higher-nifty-reclaims-10800-titan-up-3-3359291.html

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Market considers PM Modi as 'Virat Kohli of politics'; stay put despite volatility

A section of market participants considers Mr Modi as Virat Kohli of politics who can deliver for the economy in a better fashion than others, Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, said in an interview with Moneycontrol’s Kshitij Anand.

Q) It looks like market started on a fairly muted note with the Nifty50 falling below its crucial long-term as well as short-term moving averages? Do you think it is time to go 'short' or wait for a breakdown below 10533-10500 levels?

A) At this juncture, the technical picture is looking somewhat mixed with both positive and negative signs. If you closely observe the data of the last two months then it seems that the market is roughly moving in a range of 10,950 on the upside and 10300 levels on the downside.

Last November was a good month which witnessed a strong up move from the lows of 10,341 – 10,923. Interestingly, December tested the lows of November but recouped all the intra month losses only to close near to its monthly high of 10,985.

Source: https://www.moneycontrol.com/news/business/markets/market-considers-pm-modi-as-virat-kohli-of-politics-stay-put-despite-volatility-3355921.html

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Sensex has grown 100 time in 32 years! Many stocks could turn multibaggers in 2019

What an eventful year it has been for the markets. Earnings, which were expected to be robust didn’t turn out to be so. A plethora of events rocked the markets, to start with - introduction of LTCG in the last Budget spooked the sentiment.

SEBI’s MF small cap classification decimated the companies which had a market-cap of less than Rs 8,000 crores. Bank frauds, NBFC crisis, trade wars, high crude prices, slumping rupee, RBI-govt tussle further wreaked havoc in the markets.

The year 2018 could well be termed as a bull market speed-breaker which was required to eradicate the crazy greed and inane complacencies of the retail investors.

Source: https://www.moneycontrol.com/news/business/markets/sensex-has-grown-100-time-in-32-years-many-stocks-could-turn-multibaggers-in-2019-3353531.html

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Equities off highs, Nifty gives up 10,700; ICICI Bank down 1%

Market opens Equities have begun the session on a positive note, with the Nifty hitting 10,700. 

The Sensex is up 93.09 points or 0.26% at 35606.80, while the Nifty is higher by 27.50 points or 0.26% at 10699.80. The market breadth is positive as 285 shares advanced, against a decline of 116 shares, while 25 shares were unchanged.

Among sectors, automobiles, banks and infrastructure names trading in the green, while the Nifty midcap index was up one-third of a percent. 

Buzzing stock Shares of Tata Motors rose over 3 percent on Friday morning as investors cheered good US sales data for JLR.

The total JLR US sales rose 24 percent at 14,079 units against 11,394 units last year.

The total land rover US sales have risen 33 percent at 10,617 units against 7,980 units last year.

The total Jaguar US sales rose 1.4 percent at 3,462 units against 3,414 units in December 2017.

Source: https://www.moneycontrol.com/news/business/markets/stock-share-market-live-updates-bse-nse-equities-off-highs-nifty-gives-up-10700-icici-bank-down-1-3352801.html

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