Tuesday Market Commentary Update

COMMENTARY

Indian Equity benchmark indices opened gap up today tracking strong global cues after ease in Trump’s trade war talk. Apart from opening nothing was in favor of bulls as market traded in bearish trend for the rest of the day and in later part of the day market witness heavy trade fall as investors were panic especially after the news came into public that Serious Fraud Investigation Office (SFIO) has summoned Axis Bank and ICICI Bank CEO in Gitanjali and Nirav Modi fraud case, which causes Nifty and Bank Nifty future to break their crucial support level of 10300 and 24600 on closing basis. Heavy looses in PSU Banks, Reality and Auto sector causes Nifty future to close in red for fifth consecutive trading day. Apart from Media sector which gained marginally by 0.42% rest of the indices ended today session in red in which PSU Banks fell most by 2.87% followed by Reality sector which fall by 2.27% today. » Read more

Daily Equity Report By MarketMagnify

MARKET HIGHLIGHTS

  • Nifty ended 10249.25 DOWN 109.60 and Sensex 33317.20 DOWN 429.58 points
  • Indian economy to recover gradually to 7.1% in FY2019: Report
  • FinMin to coax Fitch for rating upgrade
  • Trent raises Rs 100 cr to refinance loans
  • Indian arbitration court restrains RCom from selling assets
  • Sun Pharma poised to clear US FDA’s warning on Halol: Analysts
  • Jubilant FoodWorks to launch Domino’s Pizza in Bangladesh

» Read more

Equity Report Update For 5th-March-2018 Market

MARKET HIGHLIGHTS

  1. Nifty ended 10358.85 DOWN 99.50 and Sensex 33746.78 DOWN 300.16 points
  2. Report says real estate market to stay buyer-friendly in 2018 due to lakhs of unsold housing units
  3. Govt to constitute group for changes in SEZ policy
  4. UPL raises $300 mn via issue of bonds
  5. Aurobindo Pharma’s unit gets 9 USFDA observations
  6. NBCC bags Rs 192-crore order from REC
  7. RInfra issues arbitration notice against Pipapav Defence promoters for Rs 5,440.38 cr claims

» Read more

Market Summary For Monday Trading Session 5th-March

Indian Equity benchmark indices opened gap down today tracking week global cues and was again driven by external and internal both economic news, both Nifty future and Bank Nifty future were down by 0.75% in early trade today after US President Donald Trump shows concerns of a global trade war. After gap down opening indices were traded in sideways movement throughout the day. Heavy looses in Metal, Auto and FMCG sector causes Nifty future to close in red for fourth consecutive trading day. Apart from PSU Banks and IT sector which marginally gained by 0.06% and 0.69% and rest of the indices ended today session in red in which Metal sector fell most by 3.28% followed by Auto sector which fall by 1.57% today. » Read more

1st-March Equity Report By MarketMagnify

MARKET HIGHLIGHTS

  1. Nifty ended 10458.35 DOWN 34.50 and Sensex 34046.94 DOWN 137.10 points
  2. MFIs grow 15% at Rs 1.9 trillion during April-December: Report
  3. Q3 growth marks India’s return as fastest growing economy: Finmin
  4. NTPC achieves highest ever gross power generation on Feb 28
  5. L&T’s construction arm wins orders worth Rs 1,593 cr
  6. RInfra gets shareholder nod for sale of Mumbai power biz to Adani
  7. ONGC seeks shareholder nod for HPCL deal

» Read more

Daily Equity Report Update 28th February 2018

MARKET HIGHLIGHTS

  • Nifty ended 10492.85 DOWN 61.45 and Sensex 34184.04 DOWN 162.35 points
  • India February factory growth slows to four-month low as rising prices dent demand: PMI
  • Intra-state network constraints affecting power supply in India: Secy
  • Dilip Buildcon wins Rs 2,013 cr project from NHAI in Andhra Pradesh
  • Zydus Cadila gets USFDA nod for sedative injection
  • BHEL pays 40% interim dividend
  • Indiabulls Housing Finance to raise Rs 315 cr via masala bonds

» Read more

Wednesday Market Commentary Update

Indian Equity benchmark indices open gap down today after new Federal Reserve chairman Jerome Powell in his first congressional testimony on Tuesday signaled that Fed could hike interest rate 4 times this year due to which global market is also seem to be trading under pressure on Wednesday trade. After gap down opening of more than 0.50% Indian market traded in range bound sideways movement throughout the day. Stocks seems to be trading under pressure which resulted in only 598 shares advances against 955 shares decline today in NSE and 57 shares remained unchanged today nostro transaction from 5 banks which causes bank Nifty future to fall more than 300 points today. Apart from PSU Banks and IT sector which gained 0.71% and 0.49% rest of the indices ended today session in red in which PVT banks fell most by 1.33% followed by Metal sector which fall by 1.06% today. » Read more

Special Report on Equity Market by Marketmagnify

MARKET HIGHLIGHTS

  1. Nifty ended 10554.30 DOWN 28.30 and Sensex 34346.39 DOWN 99.36 points
  2. Finmin gives 15-day deadline to PSBs for identifying risks
  3. India seeks higher funding from AIIB; infra push for the region
  4. Airtel, Google partner for low-cost Android Go smartphones
  5. Margin can exceed 10% mark in Q4: Parag Milk Foods
  6. GIC inks initial pact to buy stake in Prestige’s office portfolio
  7. Expect 12% margins in FY19: Archies

» Read more

Tuesday Market Commentary & Tomorrow Market Stock Recommendation

Indian Equity benchmark indices open gap up today on the back of positive global market but Bank Nifty future opens negative today mainly due to yesterday late night PNB informed exchange that the fraud amount in Nirav Modi case could be around 12700 cr and also CBI seeks detail of nostro transaction from 5 banks which causes bank Nifty future to fall more than 300 points today. Indian market was in bearish trend thought the day and also both Nifty and Bank Nifty future didn’t break their respective crucial resistance level of 10640 and 25830. Apart from FMGC and IT sector which gained 0.31% and 0.26% rest of the indices ended today session in red in which PSU banks fell most by 3.49% followed by reality sector which was yesterday biggest gainer fall 1.65% today.

Sensex today close with a loss of 99.36 points at 34346.39, Nifty future with loss of 36.45 points at 10564.00 and Bank nifty future with a loss of 327.55 points at 25411.60. Today Market breadth was negative as 513 shares advances against 1042 shares declines and 55 shares were remains unchanged at NSE. » Read more

Today Equity Market Daily Report Update

MARKET HIGHLIGHTS

  1. Nifty ended 10582.60 UP 91.55 and Sensex 34445.75 UP 303.60 points
  2. CPI inflation to trend higher; chances of rate hike rising
  3. Indian GDP growth in October-December likely 6.9%, best in 2017
  4. RInfra wins Rs 292 cr arbitration award against Goa govt
  5. PFC to provide Rs 50,000-cr financial aid to Uttar Pradesh
  6. Sterlite Tech bags Rs 3500 cr project from Indian Navy
  7. Expect FY18 order inflow at Rs 25,000 cr: NCC

» Read more

Monday Market Over-View Update By MarketMagnify

Indian Equity benchmark indices started the week on positive note carrying Friday momentum on the back of positive global cues and as we have suggested in our last commentary, benchmark indices today traded in bullish trend thought the day and Nifty future made a high of 10614.70 (we have suggested 10610). Most of the Sectoral indices ended today session with massive gain which includes Reality sector which gained the most today by 3.13% followed by Auto and Media sector which gained by 2.24% and 1.95% and on the losing side IT sector looses the most today by 1.23% followed by PSU Banks which looses by 0.70%. Which help sensex to close with a gain of 303.60 points at 34445.75, Nifty future with gain of 89.55 points at 10594.10 and Bank nifty future with a gain of 332.60 points at 25714.15 » Read more

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