Friday, 22 January 2016

Global & Oil Rebound Lift Sensex 473 pts, Nifty above 7400

The market snapped two-day losses on Friday. The Sensex rallied 473.45 points or 1.98 percent to 24435.66 and the Nifty surged 145.65 points or 2 percent to 7422.45, tracking global rally and oil rebound. The BSE Midcap index gained 1.9 percent and Smallcap surged 2.25 percent. More than three shares advanced for every share declining on the Bombay Stock Exchange.


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Sensex, Nifty, Midcap Up Nearly 2%; Aviation Stocks Most Active


The Sensex rallied 439.07 points or 1.83 percent to 24401.28 and the Nifty jumped 137.80 points or 1.89 percent to  7414.60. About 1952 shares have advanced, 500 shares declined, and 136 shares are unchanged on the BSE.The market rallied further in noon trade on further short covering in most beaten down stocks like banks, auto, oil and infra stocks. Asian markets extended uptrend with the Nikkei rising nearly 6 percent followed by Shanghai (up 1.2 percent) and Hang Seng (up 2.6 percent).


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The market opened on a confident note Friday. The Sensex is up 218.34 points or 0.9 percent at 24180.55 and the Nifty is up 78.90 points or 1 percent at 7355.70. About 488 shares have advanced, 69 shares declined, and 24 shares are unchanged. BHEL, Axis Bank, Axis Bank, ICICI Bank, Tata Steel and Hindalco are top gainers in the Sensex. InterGlobe Aviation is down 6 percent while Idea slips 3 percent post December quarter results.


Gains in the market were led by banking, auto, metal and energy shares, which advanced over 1 per cent each. In the Nifty index Bank of Baroda was the top gainer in the Nifty rising nearly 3 per cent followed by ICICI Bank and Hindalco Industries.

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The S&P BSE Sensex surged over 200 points in morning trade on Friday following Asian markets which were trading higher as crude oil prices rebounded and comments by European Central Bank (ECB) President Mario Draghi fuelled hopes of more stimulus for Europe.The rally in the index was led by gains in ICICI Bank, RILBSE 1.59 %, Infosys, L&T, Axis Bank BSE 2.56 %, and Maruti Suzuki.

The benchmark BSE Sensex ended 0.41 percent lower at 23,962.21, its lowest close since May 15, 2014.The broader Nifty ended 0.44 percent lower at 7,276.80, its lowest close since May 30, 2014.

Thursday, 21 January 2016

Focusing on reviving private investments, says Jaitley

Confident of utilising the headroom available to the Indian economy, Finance Minister Arun Jaitley today said it needs some additional growth engines and the focus now is on reviving private investments. Inviting foreign players to invest in the infrastructure space, he exuded confidence that the stuck reform measures like GST would go through as the numbers in the Upper House will change favourably soon.

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Bottom difficult to call; mkt at attractive level: Alchemy Cap

Indian market is trading at an attractive level for long-term investors, is the word coming in from Hiren Ved of Alchemy Capital Management. Further, he feels it will take a while for the market to bottom out. Going against the tide and the capitulating fall seen in the markets on Wednesday, he told HNIs to add to their investments and while a bottom may be difficult to call, 12- months down the line, investors will be glad they bought at these levels.

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Bulls took charge of Dalal Street as the market rebounded on Thursday after hitting 20-month low in previous session. The Sensex rose 232.66 points or 0.97 percent to 24294.70 and the Nifty rallied 67.35 points or 0.92 percent to 7376.65. Axis Bank, BHEL, SBI, Hindalco Industries, ICICI Bank, Adani Ports and Tata Steel were leading gainers in early trade.


The Nifty futures, trading on Singapore Stock Exchange, was up 50 points or 0.7 per cent suggesting a rebound in Sensex and Nifty.Sentiment is likely to be weak as relentless selling by foreign investors continued on Wednesday. FIIs sold shares worth Rs 1,325 crore in cash markets yesterday, leading to over 400-point fall in Sensex. 

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The BSE equity benchmark indices climbed over 1 per cent in early trade on Thursday amid positive cues from global markets.The BSE Sensex was trading 217 points, or 0.91 per cent, higher at 24,279.99. The Nifty50, on the other hand, rose 66 points, 0.91 per cent and was trading at 7,375.90. 

Indian stocks ended at a fresh 20-month low on Wednesday dropping to their weakest since before the election of Prime Minister Narendra Modi on increasing concerns the country will be hit hard by the growing turmoil in global markets.
The broader NSE index ended 1.69 percent lower, its lowest close since May 30, 2014.

Wednesday, 20 January 2016

Silver linings: Midcaps that rallied upto 38% in market meltdown

Global markets are going through a rough patch with parallels being drawn with the global financial crisis of 2008. Given the government's stretched finances and the patchy economic recovery, expectations from the upcoming Budget are low.  India has so far not been immune to the global downtrend, with the Sensex and Nifty hitting new 52-year lows almost every week in January. Since December last year, both benchmark indices have lost around 6.5 percent. Midcaps and smallcaps have borne the brunt of the selling pressure so far and experts are warning of more pain ahead.


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Crash in Sensex, Nifty continue; Rupee Tests $68, Banks Plunge

  • JSW Energy's third quarter consolidated profit is seen falling to Rs 353 crore from Rs 380 crore in a year-ago period.

  • The USD-rupee rate, at 68 currently, is at its weakest since August 2013. 
  • The Sensex is down 388.91 points or 1.6 percent at 24090.93 and the Nifty is down 121.75 points or 1.6 percent at 7313.35.
  • Adani Ports, BHEL, Coal India, SBI and Axis Bank are major losers while Hero MotoCorp is only gainer in the Sensex.

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The market slips away in early trade. The Sensex is down 349.51 points or 1.4 percent at 24130.33, and the Nifty is down 98.65 points or 1.3 percent at 7336.45. About 126 shares have advanced, 870 shares declined, and 41 shares are unchanged. 


Sentiment is likely to be weak as foreign investors continued to sell domestic equities; on Tuesday they have sold cash shares worth Rs 858 crore. Foreign investors have been net sellers in 12 out of the last 13 trading sessions. However, domestic institutional investors continue to support markets by pumping Rs 1,387 crore in to equities on Tuesday. 

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The S&P BSE Sensex plunged over 400 points in morning trade on Wednesday to touch its fresh 52-week low of 24,101.50, led by losses in ICICI BankBSE -2.86 %, HDFC Bank, RIL, L&T, HDFC and M&M. The Nifty50 slipped over 100 points to touch its fresh 52-week low of 7309, weighed down by losses in realty, power, oil & gas, metal, capital goods, and banking.


Asian share markets were in full retreat on Wednesday as a relentless slide in oil prices soured an attempted rally on Wall Street and dealt a further blow to global investors' appetite for riskier assets.

Tuesday, 19 January 2016

Reliance Power Q3 profit rises 38%, generation up over 3-fold


The Anil Dhirubhai Ambani Group company says total gross generation from operating plants increased by more than three times to 10,548 million units against 3,167 million units in year-ago period, adding Sasan project in MP generated 8,158 million units operating at plant load factor of 93.3 percent.


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IMF cuts FY16 world GDP target to 3.4%, maintains India outlook


The International Monetary Fund cut its global economic growth forecast for 2016 on Tuesday as it expects a number of factors to weigh on world economies. Global growth for this year is seen at 3.4 percent, up from a 3.1 percent forecast for 2015, but 0.2 percent lower than previously forecast, the IMF's World Economic Outlook report said. 


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The market bounced back on Tuesday despite mixed Asian cues. The 30-share BSE Sensex rose 106.84 points to 24295.21 and the 50-share NSE Nifty went up 37.70 points to 7388.70. Axis Bank, ICICI Bank, Reliance Industries, NTPC, Adani Ports, Tata Steel and Bank of Baroda gained more than 1 percent while Cipla, Coal India, TCS, ITC, ONGC, Zee Entertainment, M&M, Cairn India and Grasim were losers.


Indian markets are likely to open higher on Tuesday tracking gains in other Asian markets, which reacted positively to China's fourth-quarter GDP numbers. Nifty futures trading on Singapore Stock Exchange is up 21 points at 7,380. 

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The S&P BSE Sensex surged over 100 points in morning trade on Tuesday, led by gains in Infosys, ICICI Bank, RIL, Axis Bank, HDFC, and Tata MotorsBSE 1.96 %. The Nifty50 was trading close to its resistance level of 7,400, supported by gains in pharma, IT, realty, auto, and FMCG stocks.


Indian stocks posted their lowest close in 20 months on Monday, dragged down by index heavyweight Reliance Industries after crude oil fell to its lowest since 2003, while data showed the country's exports shrunk for a 13th straight month.

Monday, 18 January 2016

Sensex, Nifty end at near 20-month closing low; BHEL outperforms

Image result for stock market

The market has ended at nearly 20-month closing low. The Sensex slipped 266.67 points or 1 percent at 24188.37 and the Nifty was down 86.80 points or 1 percent at 7351. About 333 shares have advanced, 2389 shares declined, and 142 shares were unchanged. BHEL, Tata Steel, Adani Ports, TCS and HUL were top gainers while Reliance, Bajaj Auto, Cipla, L&T and SBI were major losers.


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Mid, smallcaps worrying; 7200 strong support for Nifty

Image result for stock market news indiaThe stock market is witnessing mayhem because of global turmoil and over-buying in midcaps and smallcaps,7200 as a strong support level for the Nifty. On  HDFC Bank the market capitalisation is now equal to the entire PSU banks market capitalisation. a lot of global factors are definitely pointing at emerging market selling, emerging market growth completely slowing down, maybe impacting global markets, global market bonds having some issues because of the oil and commodity bonds within that and so on and so forth, but, there is no catastrophic event which is actually happened.


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The market has opened flat as the Sensex is down 16.96 points at 24438.08. The Nifty slips 12.50 points at 7425.30. About 225 shares have advanced, 417 shares declined, and 61 shares are unchanged. ICICI Bank, Maruti, SBI, Sun Pharma and L&T are top gainers while Adani Ports, Wipro, ONGC, Hindalco and BHEL are losers in the Sensex.


The BSE Sensex fell over 50 points to 24,348.80 and the 50-shares Nifty shed over 30 points to 7,405.80. Wipro, which reported lower than estimated earnings for the third quarter fell over 2 per cent to Rs 530.70. 

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The S&P BSE Sensex slipped over 100 points in morning trade on Monday, led by losses in L&T, HDFC Bank, Maruti Suzuki, and Bajaj Auto. WHAT TOP EXPERTS ARE SAYING: Sensex may rise as much as 25% in 2016 & will gain on earnings recovery, lower interest rate.

Indian stocks ended lower for a second straight week and fell over 1 percent on Friday, posting their biggest one-day percentage fall in over a week, in a late sell-off triggered by crude oil prices that fell below $30 a barrel.The broader Nifty ended 1.31 percent lower, its biggest single-day loss since Jan. 7. The index has lost 2.15 percent for the week.The benchmark Sensex ended 1.28 percent lower, shedding 1.92 percent during the week.