WEEKLY EQUITY REPORT UPDATE

MARKET 0UTLOOK

The market was BEARISH during the week. The Sensex was DOWN 846.30 points while the Nifty was DOWN 2.58 % during the week. Nifty was in the range of 10108-10410

The Dow Jones Industrial Average fell 40.76 points, or 0.17%, to 24,231.59, the S&P 500 lost 5.36 points, or 0.20%, to 2,642.22 and the Nasdaq Composite dropped 26.39 points, or 0.38%, to 6,847.59. Wall Street fell on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the US election as well as with progress on a tax bill in Congress. The benchmark S&P 500 was down as much as 1.6 percent following the report. Flynn pleaded guilty on Friday to lying to the FBI about contacts with Russia’s ambassador. Steep sell-offs have been a rarity on Wall Street this year. The S&P 500 has closed down by at least 1 percent only four times in 2017. But stocks recouped the bulk of their initial losses, after US Senate Republicans said they had enough support to pass a sweeping tax overhaul. The Senate news was the latest sign of progress for a tax bill being closely watched by investors, with hopes that significant corporate tax cuts will further fuel Wall Street’s record-setting rally. Advancing issues outnumbered declining ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favoured decliners. Energy was the best-performing sector, rising 0.8 percent. Oil prices settled up slightly, the day after OPEC and other crude producers agreed to extend output cuts until the end of 2018 to tighten global supplies and support prices » Read more

Stock To Watch For Monday 4-DEC.-2017

INFRATEL FUTURE

We recommended traders to buy BHARTI INFRATEL FUT above 389 level and target of 391-396 may achieved with a stop loss of 384.

INFRATEL FUTURE

 JUBILANT LIFE SCIENCE (JUBILANT)

We recommended traders to buy JUBILANT above 700 level and target of 710-725 may achieved with a stop loss of 687.

JUBILANT LIFE SCIENCE

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Stock Market Commentary

BLOG_MarketCommentaryEquity benchmark indices starts December month series on negative note. It was only start of the day where market is positive thanks to encouraging Q2 GDP data and rest of the day market was in bearish trend as investors were cautious ahead of RBI policy, FOMC meet and Gujarat Assembly elections. Due to which Sensex closed below 33000 mark, down by 316.41 points at 32832.94 and Nifty future closed 123.95 points down at 10188.75.

All sectoral indices closed in green in which PSU banks feel the most by 2.33% followed by Media and Reality at 1.99% and 1.98% » Read more