Wednesday, 31 January 2018

Asian market weakness, under SGX Nifty 11050

In Asian markets, we are seeing business with weakness. Japan's market Nikkei is trading 31 points i.e. 0.15 percent at 23,261 level. Hang Seng is trading at a level of 32,555, down by 52 points, which is 0.15%. At the same time, SGX Nifty is trading 28 points i.e. 0.25% with a weakness at 11,038.5.

Although the index of the Korean market rose 0.3 percent, while the Straits Times saw a decline of 0.3 percent. The Taiwan index is trading 26 points i.e. 0.25 percent and is trading at 11,051 level. Shanghai Composite is getting a weakness of 0.25 percent.


Thursday, 11 January 2018

Sensex-Nifty slack, light pressure in mid-cap stocks



In the early business, there is an environment of sluggishness in the domestic markets. The move of Sensex and Nifty looks flat. The Nifty is around 10,630 while the Sensex is near 34,450. Midcap and smallcap stocks are also getting lethargic.

There is pressure in banking, FMCG, pharma and consumer durables stocks. Bank Nifty is trading 0.2 percent down at 25,570 levels. However, buying is seen in IT and realty stocks.

At present, BSE's 30-share index Sensex is trading 22 points higher at 34,455 level. NSE's 50-share index Nifty is trading 5 points down at 10,627 levels.

During the business turnover, Coal India, Wipro, HPCL, BHEL, Bajaj Finance, Cipla, ICICI Bank and Yes Bank have fallen 1.7-0.6 per cent. However, shares of Tech Mahindra, Infosys, Tata Motors, ITC, ONGC, HUL and Kotak Mahindra Bank increased by 1.3-0.4 per cent.

Among the mid-cap stocks, JSW Energy, Biocon, CG Consumer, Blue Dart and Amphysis have risen up to 3.7-1.25 per cent. However, in the midcap stocks, Alchem ​​Lab, Reliance Communications, Jindal Steel, LIC Housing and Ashok Leyland rolled 2.5-1.1 per cent.

Small distilleries in smallcap stocks, Jai Corp, Reliance Industrial Infra, Garware Wall and Prime Focus have been strong at 9.6-5.3 per cent. However, Videocon, Orchid Pharma, DB Realty, Fortis Health and Infinit Computer in Smallcap Shares are broken up by 5-3.6 per cent.




Friday, 5 January 2018

Sensex closing at 34,153, up 184 points, Nifty also closed 54 points higher at 10,558



The market touches new heights on the last trading day of the week on Friday. Today, the Sensex closed at 34,153 with a rise of 184 points. The rally was also seen on the Nifty. The Nifty closed with a 54-point gain at 10,558.

Have a shopping environment. On the one hand, purchases were seen in the shares of pharma, consumer durables, FMCG, auto, power capital goods etc. On the other hand, shares of PSU banks and oil and gas stocks were seen selling.

Earlier on Friday, the market started with the speed. The Sensex rose 75 points to 34,044, while the Nifty opened at 10,524 after the 20-point increase. It is worth noting that even on Thursday, the market was witnessed rapidly. The Sensex gained 176 points to 33,969 and the Nifty started with a gain of 61 points to 10,504.


Thursday, 4 January 2018

Sensex Today Live: Open market with gain, Sensex gains 100 points, Nifty crosses 10450



The Sensex opened with a 100-point surge in Ruwar, while the Nifty remained above 10,450. According to the information received, SJVN 12 percent and Dena Bank started the day with a four percent increase. The Sensex was at 33,819 at 9.22, while the Nifty was up 6.25 points with 10,499.45 points. Angel Broking advised investors that they could focus on cement, midcaps, IT. The banking sector has been asked to stay away from the moment.

While ONGC, Asian Paints, Tata Steel, Wipro, NTP Maruti started on the edge, Reliance, Bharti Airtel, in telecom companies, saw the initial boom. While HDFC Bank started its upswing in banks, shares of Yes Bank and ICICI Bank fell below.

Explain that the market was failing to maintain the market on Wednesday. On Wednesday evening, the Sensex closed at 33,793 after a slight decline of 18 points, while the Nifty closed at 10,443 with a slight increase of one point.


Wednesday, 3 January 2018

Nifty above 10,450 mark; Dr. Reddy's stock down 3%



Boosted by chart-topping gains in shares of index-heavyweight Reliance Industries and a firm trend in shares of metal and banking stocks, domestic share indices started today's session on a positive note, mirroring similar trend in most global equity markets.

At 9:41 AM, the BSE Sensex was trading at 33,883, up 70 points, while the Nifty50 was ruling at 10,468, up 26 points.

Shares of Dr. Reddy's Laboratories, down 3%, were the worst hit on Nifty50 after details of its Duvvada unit inspection were released.

Shares of RIL rose 1.5% after the company said that it has commissioned a 1.5-mtpa refinery off-gas cracker unit at its Jamnagar complex.

Metal stocks continued to gain strength on the back of rising global commodity prices. The Nifty Metal index rose 0.8% in early trade, led by over 1% gains in shares of Vedanta and Tata Steel.

Shares of public sector banks recovered from recent weakness as the Nifty PSU Bank index climbed 0.7%, with State of Bank of India's stock rising nearly 1%. Gains in the broader market were, however, limited by a weakness in pharmaceutical stocks. Barring the Nifty Pharma index, down 0.4%, all other sectoral indices were 0.3-0.8% higher in early trade.

The BSE Mid-cap and BSE Small-cap indices were up 0.49% and 0.76%, respectively.

Volatility index India VIX slipped 0.94%.

ICICI Bank (+1.7%), Vedanta (+1.3%), Hindalco (+1.2%), HPCL (+1.08%) and Adani Ports (+1.02%) were the top gainers on Nifty50.

Dr. Reddy’s (-2.8%), ONGC (-0.99%), Tata Motors (-0.73%), Asian Paints (-0.44%) and Infosys (-0.42%) were the top losers in today’s trade.

Out of 1,989 stocks traded on the NSE, 1,187 advanced, 365 declined and 437 remained unchanged today.

A total of 62 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.