Weekly Equity Report 22th-JAN-2018

MARKET 0UTLOOK

  • The market was BULLISH during the week. The Sensex was UP 919.19 points while the Nifty was UP 2.00 % during the week. Nifty was in the range of 10665-10919
  • The Dow Jones Industrial Average was up 53.91 points, or 0.21 percent, to close at 26,071.72, the S&P 500 gained 12.27 points, or 0.44 percent, to 2,810.3 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38.
    Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.
    The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range.
    For the week, the Dow rose 1.04 percent, the S&P 500 added 0.86 percent and the Nasdaq gained 1.04 percent.Nine of the 11 major S&P sectors were higher, led by a 1.1 percent gain in the consumer staples index and a 0.9 percent rise in consumer discretionary stocks.A disappointing full-year profit forecast from IBM pushed its shares down 4.0 percent, the biggest single-day loss since July.
    The US Senate was racing to avert a shutdown ahead of a midnight deadline on the spending measure amid lingering disagreements between Democrats and Republicans. Negotiations continued on Friday after Senate Democratic leader Chuck Schumer met with President Donald Trump at the White House to address the impasse.
  • For the week, the Sensex was UP 919.19 points while the Nifty was UP 2.00 % during the week.

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Special Report on Friday Market by MarketMagnify

MARKET HIGHLIGHTS

  • Nifty ended 10894.70 UP 77.70 and Sensex 35511.58 UP 251.29 points
  • Govt allows import of non-standard steel via two more ports
  • Indian rupee advance 10 paise vs US dollar in afternoon dealsAim to cross 100-store mark by year-end; 10% margins sustainable: PC Jeweller
  • HDFC Bank reports divergence of Rs 2,051 cr for FY17; profits grow 20%Dilip Buildcon bags Rs 360-crore road project from Ircon
  • Tata Steel raises $ 1.3 bn via bonds in international markets

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Equity Market Commentary Friday Market 19/1/2018

Indian Equity Indices started last day of the week with marginal gains and continued their bullish momentum from previous days throughout today session support by Public and Private sector banks. Another record breaking session for Indian indices as Indian benchmark indices and Bank nifty future closed at record high. All sector indices closed at positive note today in which PSU bank gained the most by 2.18% followed by private banks which gained by 1.31%. 815 shares gained, 755 shares looses and 31 shares remained unchanged from NSE. » Read more

Tuesday Stock Report By Market Magnify

MARKET HIGHLIGHTS

  • Nifty ended 10817.00 UP 28.45 and Sensex 35260.29 UP 178.47 points
  • India to set up $350 million fund to finance solar projects
  • India Ratings projects economic growth at 7.1% next fiscal
  • HDFC Bank m-cap crosses Rs 5 lakh cr mark
  • Suven Life Sciences gets product patents in China, Sri Lanka
  • Margin guidance for 2018 is at 30% plus, says Zee Entertainment
  • L&T Technology Services wins $50 mn contract

NIFTY DAILY

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Thursday Market 18th-Jan-2018 Commentary Update

Indian Equity Indices continued their bull run at the start of Thursday market as Sensex, Nifty future and Bank nifty future trading at all time high supported by global cues and on expectation that government will soon allow FDI investment in private sector bank up to 100% and in public sector banks up to 49%. Despite indices traded and closed at all time high market breadth was highly negative today as only 237 shares advances against 1333 shares declined and 40 shares remain unchanged. Market was highly volatile today and once again closes at record high. » Read more

Special Report on Equity Market by Marketmagnify

MARKET HIGHLIGHTS

  •  Nifty ended 10788.55 UP 88.10 and Sensex 35081.82 UP 310.77 points
  • Govt to auction 55 blocks for oil, gas exploration tomorrow
  • Govt lowers additional borrowings to Rs 20,000 cr in FY18
  • Gayatri Projects bags Rs 923-cr road projects in Odisha
  • Dr Reddy’s recalls single lot of breast cancer drug from US
  • Adani to pump in Rs 750 cr in West Bengal
  • Ashok Leyland, Phinergy to partner for electric CV programme

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Daily Stock Report by Market Magnify

MARKET HIGHLIGHTS

  • Nifty ended 10700.45 DOWN 41.10 and Sensex 34771.05 DOWN 72.46 points
  • India’s imports of Iran oil in December scheduled to rise to most since March:  Source
  • India’s office market absorption crosses 42 million sq ft in 2017: Report
  • TCS bags over $690 mn deal from M&G Prudential
  • Reliance Nippon AMC Q3 profit after tax up 25% at Rs 130 cr
  • ICICI Lombard Q3 PAT rises 5% to Rs 232 cr
  • Bajaj Finance to acquire 12.6% in Mobikwik

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Today’s Market Overview 16th-Jan-2018

Stock Market Commentary For Today 22/12/2017Indian Equity Indices started today session on flat note and was in bearish trend throughout the day. Apart from IT sector which gained 3.65% today all indices were traded in red in which Reality, Metal and PSU banks fell the most by 3.38%, 2.84% and 2.81%. Falling of Indian rupee is major reason why all indices fall and IT sector gain today. At the start of market INR was trading at 63.69 and at the end of the market INR traded at 64.08 at a difference of 0.39 bps. Benchmark Indices » Read more

Stock Equity Market Daily Market Report Update

MARKET HIGHLIGHTS

  • Nifty ended 10741.55 UP 60.30 and Sensex 34843.51 UP 251.12 points
  • India’s wholesale inflation eases to 3.58% in December
  • Govt plans ring roads worth Rs 36,290 cr in 28 major cities
  • KEC International wins Rs 1,095 cr contracts
  • Lupin forays into OTC segment;eyes Rs 300 cr turnover in 5 years
  • Idea, Vodafone likely to start operating as single entity by April
  • Larsen & Toubro wins Rs 1,310 cr contracts; stock down

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Commentary Monday Market 15-jan-2018

Indian Equity Indices started the week on very strong note as Indian indices once again closed at record high and for the 1st time bank nifty future closes above 26000 and nifty future closes above 10700. We have seen rally in most of the world market which helped Indian market to kick off on the start of the week. Indian market rally is led by finance sector which gain 2.41% followed by Media, and Nifty bank which gained by 1.41% and 1.24% respectively today. Benchmark Indices closes on very strong note as Sensex closed at 251.12 points up at 34843.51 and Nifty future closed at 59.15 points up at 10745.50. Market breath was neck to neck despite indices closes at very strong note as 899 shares gained while 899 shares losses in NSE and 62 shares remained unchanged.

HDFC, ICICI Bank and Ambuja Cements were top Nifty 50 gainers today and Idea Cellular, Gail and Eichers Motors were top losers today.

Despite market kick off market breath on NSE was neck to neck and Nifty future has not participated in the rally as much today and the reason behind this is that Nifty future is facing upward sloping trend line resistance level around 10770-10795 on daily chart, which resist Nifty future to outperform. Last 2 times Nifty future had faced these resistance level causes to correct almost 4% both time. Now we are sensing that market correction is near the corner but we still have to wait for confirmation.

On Tuesday, Market may open gap up and Nifty future may test the level around 10790-10800 and after that correction is expected in the market and we advised investors and traders to maintain sell position in Nifty future around 10790-10800. Strategy for Tuesday market will be sell on high (around 10790-10800) as market movement is expected to be sideways to negative once Nifty future reaches its respective resistance level.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10715 and 10680.

Resistance of Nifty future is placed at 10800 and 10840.

Support of Bank Nifty future is placed at 25950 and 25790.

Resistance of Bank Nifty future is placed at 26200 and 26330.

Daily chart of nifty future

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Daily Equity Report 12th-Jan-2018

MARKET HIGHLIGHTS

Nifty ended 10681.25 UP 30.05 and Sensex 34592.39 UP 88.90 points

India December vegetable oil imports drop 10% on lower soyoil purchases

Make in India 2.0 to focus on futuristic segments like robotics, genomics

BHEL commissions 250 MW thermal power unit in Bihar

NCLT approves Idea-Vodafone merger

Tata Steel’s saleable output at 9.24 MT in April-December

TCS bags over $2 bn deal from US insurance group Transamerica » Read more

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