Closing Bell: Sensex ends 155 points higher, Nifty fails to hold 10,800; pharma cracks

Market at Close Equity benchmarks have ended the day on a positive note, though off their high points. The Nifty closed below 10,800-mark.

Among sectors, all but three sectors ended the session in the green. In the broader markets, the Nifty Midcap index closed around flat line. 

At the close of market hours, the Sensex was up 155.06 points or 0.43% at 35850.16, while the Nifty was higher by 44.40 points or 0.41% at 10771.80. The market breadth was negative as 1292 shares advanced, against a decline of 1310 shares, while 172 shares were unchanged.

Axis Bank, Tata Motors, and Bharti Infratel gained the most, while Bajaj Auto, Yes Bank, and Indiabulls Housing were the top losers. 

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-155-points-higher-nifty-fails-to-hold-10800-pharma-cracks-3359291.html

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MCX Support and Resistance Levels

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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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Opening Bell

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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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Closing Bell

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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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