Daily Equity Report As on 20-Dec.-2017

MARKET HIGHLIGHTS

  • Nifty ended 10444.20 DOWN 19.00 and Sensex 33777.38 DOWN 59.36 points.
  • 350 infrastructure projects show cost overrun of Rs 2.65 lakh cr: Govt.
  • SIAM proposes all new vehicle sales in India to be EVs by 2047.
  • Ashok Leyland plans manufacturing footprints in Africa, Latin America.
  • Bharti Airtel Board okays ‘scheme’ for takeover of Tata’s telcom business.
  • Morepen Labs gets USFDA nod for asthma drug.
  • HDFC Bank board approves raising up to Rs 24,000 crore.

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Commentary for Today’s Stock Market : 19th December

market commentary Equity benchmark indices opened on positive note and both Nifty future and Bank nifty future trading just above its 25 days simple moving average. Market was in bullish trend throughout the day and in the last one and a half hour market gained some momentum to close Nifty future 67.80 points up at 10472.15. The Sensex was up by 235.06 points at 33836.74.

The market breadth was positive as 1,862 shares advanced against a decline of 803 shares, while 160 shares were unchanged. » Read more

Stock Market Commentary for Monday : 18th December

market update commentaryEquity benchmark indices opened on negative note as Nifty future open nearly 160 points down on Monday trade mainly due to voting counts indicated that BJP is leading in both states (Gujarat and Himachal Pradesh) but with small margin. After early fall in the market, it is U- turn for the equity benchmark indices as Bank Nifty future recovered 1700 points and Nifty future recovered nearly 360 points within an hour from day low and as vote counts indicated the BJP is set to win Gujarat and Himachal Pradesh after that market moved in sideways movement.. » Read more

Market Magnify :-Stock Market Commentary 15/12/2017

Equity benchmark indices opened on positive note on last day of the week after the exit poll results indicated that BJP will likely to win in Gujarat and Himachal Pradesh assembly election. But after gap up opening market was range bound mainly because of investors are waiting for Gujarat assembly results due on 18th December. We have also seen Indian rupee rises 19 paise to 64.15 against dollar today.  

HDFC Bank, Mahindra & Mahindra and Maruti Suzuki hit fresh record highs today, rising 2.6 %, 2.1 % and 0.7 %, respectively. » Read more

Market Magnify:- Daily Equity Report As on 14-Dec.-2017

MARKET HIGHLIGHTS

  • Nifty ended 10252.10 UP 59.15 and Sensex 33246.70 UP 193.66 points
  • India to auction 5GW offshore wind projects in 2018
  • November wholesale inflation at 3.93% vs 3.59% in October
  • Torrent completes acquisition of Unichem’s branded business
  • Infosys to announce Q3 results on January 12
  • ABB India bags order from Emami Cement
  • Adani Capital invests Rs 100 cr in Infrastructure sector firm BSCPL

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