Stock Market Commentary 12th-Jan-2018 (Friday)

Commentary For Today’s Stock Market

It’s been the roller costar day for Indian equity market as Indices open on record high but couldn’t sustain for long after Supreme Court judges said the working of top court is not in order. Market fall towards this week low level but quickly reversed to close at record high. Today market has something for everyone and shows that market still is in bullish trend and one should not carried away from little corrections. Benchmark Indices closes on positive note as Sensex closed at 88.90 points up at 34592.39 and Nifty future closed at 32.30 points up at 10686.35. Market breath was negative despite indices closed at record high as 755 shares gained while 1045 shares losses in NSE and 53 shares remained unchanged. » Read more

Thursday Market Equity Daily Report Update

MARKET HIGHLIGHTS

  • Nifty ended 10651.20 UP 19.00 and Sensex 34503.49 UP 70.42 points
  • RBI net buys $864 mn of US currency in November
  • India’s 2017 oil demand growth posts lowest gain since 2013
  • GAIL to extend Urja Ganga gas pipeline to Guwahati
    Bank of Baroda plans to sell stake in Nainital Bank to raise capital
  • Lupin eyes $54-billion complex generics market in US to fight intense competition
  • Expect ‘V’ brand bike sales to increase to 15000 units per month: Bajaj Auto

» Read more

Thursday Market Commentary By MarketMagnify

Indian equity benchmark indices started today session on flat note tracking negative global cues and after that trade in consolidate to bullish phase for most of the day and Nifty future closed at record high of 10659.75. ity and sideways movement from previous 2 days. For first time Nifty future manage to close above 10650 on 4th attempt, which is positive for the market but Bank Nifty future trades below its resistance level of 25800. Benchmark Indices closes on positive note as Sensex closed at 70.42 points up at 34503.49 and Nifty future closed at 22.70 points up at 10659.75. Market breath was positive as 848 shares gained while 728 shares losses in NSE and 63 shares remained unchanged. » Read more

Equity Market Daily Report Update

MARKET HIGHLIGHTS

  • Nifty ended 10632.20 DOWN 4.80 and Sensex 34433.07 DOWN 10.12 points
  • Govt to revamp 300 dry ports in a bid to boost foreign trade
  • World Bank says India has huge potential, projects 7.3% growth in 2018
  • Bajaj Auto is confident of 8% jump in market share in 2 months
  • ONGC to open India’s 8th sedimentary basin with Kutch gas find
  • Eyeing over 80% sales from US, India, Europe by 2021: Glenmark
  • Infosys signs APA with US, gets $225 mn tax reversal

» Read more

Wednesday Stock Market Commentary

Wednesday Stock Market Commentary

Indian equity benchmark indices started today session on flat note tracking mixed global cues and continues its volatility and sideways movement from previous 2 days. Market was a bit tricky as there was not such a clear trend in Index from last 3 days as market continually trading sideways. But for traders whole world is situated outside index as we have seen mind blowing movement in Nifty IT, reality sector both ended the session with a gain of 2.24% and 1.26% and single brand retail companies as » Read more

Market Magnify:- Daily Equity Report 9th-Jan-2018

MARKET HIGHLIGHTS

  • Nifty ended 10637.00 UP 13.40 and Sensex 34443.19 UP 90.40 points
  • India mulls 70% safegaurd duty on solar equipment imports
  • National licence likely to be issued to staffing firms that provide contract  workers
  • ArcelorMittal and SAIL in possible joint bid for Bhushan Steel
  • Apollo Tyres to invest Rs 1,800 cr on new plant in Andhra
  • L&T commissions 360 MW Bheramara power plant in Bangladesh
  • IFCI offloads 0.20% stake in NSE for Rs 92.51 cr

» Read more

Tuesday Market Commentary By MarketMagnify

Tuesday Market CommentaryIndian equity benchmark indices started today session on slightly positive note tracking positive global cues, Indices were trading in a sideways movement throughout the day. Nifty future was opened gap by 14 points and then traded in narrow range of 40 points throughout the day and closes range bound session at new closing high. Sensex was up 90.40 points at 34443.19 and Nifty future was up 15.50 points at 10646.90. The market breadth was negative on NSE after long time today as 754 shares advanced, against a decline of 1052 shares and 50 shares remained unchanged. » Read more

Stock Market Daily Equity Market Report

MARKET HIGHLIGHTS

  1. Nifty ended 10623.60 UP 64.75 and Sensex 34352.79 UP 198.94 points
  2. Liberalised FDI makes India hot biz spot for NRI investors
  3. Govt assures sugar cos to hike duty on cheap Pakistan imports: ISMA
  4. Expect to see robust growth of 35% in volume & revenue: Essar Ports
  5. SBI to raise up to $2 bn via overseas bonds
  6. L&T Construction bags orders worth Rs 2,265 crore
  7. HCC JV bags Rs 484 cr order for Pune metro

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Commentary For Monday Market 8/1/2018

Indian equity benchmark indices started the week on very strong note tracking positive global cues, Market was opened gap and then traded in narrow range as neither bulls and bears want to give up, there were opportunities for both buyers and sellers and yet again indices closed on record high. Sensex was up 198.94 points at 34352.79 and Nifty future was up 58.20 points at 10631.40. The market breadth was positive on NSE today as 1104 shares advanced, against a decline of 726 shares and 51 shares remained unchanged. » Read more

Weekly Equity Market Update By MarketMagnify

MARKET 0UTLOOK

RANGE BOUND during the week. The Sensex was UP 97.02 points while the Nifty was UP 0.27 % during the week. Nifty was in the range of 10436-10582

The Dow Jones was up 220.74 points, or 0.88 percent, to 25,295.87, the S&P 500 gained 19.16 points, or 0.70 percent, to 2,743.15 and the Nasdaq Composite has also gained 58.64 points, or 0.83 percent, to 7,136.56. With the New Year’s Day holiday falling on a Monday this year, it was the strongest first four trading days to a year in more than a decade for all three major indices, according to Reuters data. For the Dow, it was the strongest start since 2003 and for the Nasdaq and S&P 500 it was the strongest since 2006. The Dow broke above 25,000 for the first time on Thursday, while the S&P closed above 2,700 on Wednesday and the Nasdaq settled above 7,000 earlier in the week.

» Read more

Market Magnify:- Daily Equity Report

MARKET HIGHLIGHTS

Nifty ended 10558.85 UP 54.05 and Sensex 34153.85 UP 184.21 points
World Bank-assisted skill development programme to be implemented: Govt
China Development Bank withdraws insolvency petition against RCom
Dilip Buildcon incorporates DBL-VPR Miningi
China Development Bank withdraws insolvency petition against RCom
L&T Hydrocarbon Engineering bags Rs 1,483 cr order from ONGC
HCL Tech, Great American Insurance Company mutually terminate JV

» Read more

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