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

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

Today Equity Market Report Update


Nifty ended 10491.05 UP 108.35 and Sensex 34142.15 UP 322.65 points

US tells India to cut tariffs as trade friction heats up

ICAI asks RBI for data on PSU bank borrowers with over Rs 2,000 crore debt

FinMin signs MoU with NBCC for housing project

Orient Global sells Indiabulls Real Estate shares worth Rs 347 cr

L&T construction arm bags orders worth Rs 1,266 cr

HCL Tech commits Rs 160 cr investment under CSR activity
» Read more

Friday Market Commentary Update 23rd February 2018

Finally after 4 days of consolidation and zigzag movements we have witness directional movement in favor of bulls as Indian equity market opens today session on positive note backed by positive global market mainly due to Federal Reserve official eased investors worries that central bank might raise interest rates aggressively this year. All sectoral indices traded in green at the start of market. Both Nifty and Bank nifty future opens just below their respective crucial resistance level which we had mentioned in our previous commentary i.e. 10410 and 25010 and after breakout of their respective resistance level indices traders in bullish trend for rest of the day, which help sensex to close with a gain of 322.65 points at 34142.15, Nifty future with gain of 117.90 points at 10507 and Bank nifty future with a gain of 419.00 points at 25404.70. » Read more

Equity Market Daily Report By MarketMagnify


  1. Nifty ended 10382.70 DOWN 14.75 and Sensex 33819.50 DOWN 25.36 points
  2. India growth has slowed due to structural economic reforms: US
  3. Expect rate hike from RBI in second half of FY19: UBS
  4. RInfra bags Rs 3,647 cr contract for thermal power project in Tamil Nadu
  5. Glenmark ties up with South Korea’s SCD for ophthalmic products
  6. Godrej Properties adds new housing project in Gurgaon
  7. Expect caustic prices to cool down going ahead: NALCO

» Read more

Today Market Over-View :- 22nd February 2018

Indian equity market opens today session on negative note following weak global cues backed by a rise in US treasury yield, Indian market was volatile ahead of F&O expiry as today market were traded in zigzag mode for most of the day as similar to last 3 trading session. Once again movement has been witness in the last hour of the day, which help Nifty future to close with marginal loss of 8.40 at 10384.50, Bank Nifty future closes with a again of 24.75 points at 24953.55 and sensex closes with a loss of 25.36 points at 33819.50.Today Market breadth was once again negative as 470 shares advances against 1025 shares declines and 73 shares were remains unchanged at NSE. All indices wew traded mixed today with Nifty IT was once again biggest gainer today by gaining 0.55% followed by reality sector which gained 0.31and on the losing side Nifty Auto losses the most by 0.86% followed by Media sector which looses by 0.83% » Read more

Wednesday Market Equity Report Update


Nifty ended 10397.45 UP 37.05 and Sensex 33844.86 UP 141.27 points

India’s medium-term potential growth above 7%: UBS

FDI rises only 0.27 percent during April-December FY18

Essar Oilfields wins Rs 28 cr contract from GAIL

Lupin gets USFDA nod to market generic Tamiflu

BHEL bags Rs 1,034 cr order from HPCL

Idea fixes Rs 82.50/share to raise Rs 3,500 cr via QIP » Read more

Stock Market Commentary :-21st-Feb-2018

Indian equity market opens today session on positive note tracking positive global cues and traded in zigzag mode for all day. From last 2 trading sessions Benchmark indices has respected their support levels and also bulls are trying to take charge from last 2 trading session. Today after zigzag movement market closes little below from the opening price which resulted in formation of hammer candlestick pattern which is bullish reversal in nature. Today Market breadth was again negative as 585 shares advances against 951 shares declines and 62 shares were remains unchanged. Nifty IT was biggest gainer today by gaining 2.33% followed by PSU Banks which gained 1.09% and on the losing side Nifty Pharma losses the most by 1.97% followed by 1.37%. » Read more

Daily Equity Market News Updates by MarketMagnify 20th-Feb


  1. Nifty ended 10360.40 DOWN 18.00 and Sensex 33703.59 DOWN 71.07 points
  2. Cabinet approves auction of coal blocks to private sector for commercial mining
  3. Cabinet approves extra-budgetary support for urban housing scheme
  4. Infosys, PTC launch centre for industrial IoT
  5. Uflex to invest Rs 1,700 cr in Uttar Pradesh
  6. Sterlite Power sells 3 assets to IndiGrid for Rs 1,410 cr
  7. Suven gets product patents from India, South Korea

» Read more

Tuesday Market Commentary Update 20th-Feb-2018

Commentary For Today’s Stock Market

Indian equity market opens today session on flat note tracking negative global cues and traded in range bound for most of the day. We have seen tight fight between bulls and bears but at the end of session Nifty future losses more than 60 points and Bank nifty future losses more than 250 points. Market breadth was negative as 681 shares advances against 824 shares declines and 50 shares were remains unchanged. We have not seen any major loser or gainer in any index as index traded mixed today. Nifty Metal gained most today by 1.10% followed by 0.83% and today PVT banks looses most today by 0.91%. » Read more

Monday Market Daily Equity Report Update


  • Nifty ended 10378.40 DOWN 73.90 and Sensex 33774.66 DOWN 236.10 points
  • Govt may review norms for statutory auditor appointment in PSBs
  • E-retailing may log in 2.5 times growth in three years
  • NCDRC asks Unitech Ltd to refund Rs 29 lakh to home buyer
  • L&T arm bags Rs 1,680-cr orders from Pune Municipal Corporation
  • Mahindra to invest Rs 2,325 cr in Maharashtra; to set up Rs 1700-cr film-based entertainment centre in city
  • Punjab National Bank’s loan wilful defaulter list stands at Rs 14,600 crore; up 17% from a year ago

» Read more

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