Market opened flat on the Monday trading session. Rupee declined by 10 paise and opened at 67.18 against Dollar. Market is struggling to be bullish. Sensex is down 6 points at 27796 and Nifty is down 0.55 points to 8541. Indian Sectors are trading mixed. Oil & Gas Sector is leading of all with 136 points at 10583. Nifty Mid-Cap is showing its average performance with hike of 72 points at 14507. BSE Bankex sector is lacking with 54 points to 21322. Bullion market is also moving low. Gold dropped 134 points at 30871 and Silver dropped 300 points to 46321. Asian market pacing low with Nikkei at 16651 hike 23 points, Shanghai Composite drifts by 7 points to 3019 and Hang Seng dropped 63 points to 21900.
Sensex Nifty ends up higher, with high positive leads. Sensex closed at 27803 with 92 points up and Nifty closed at 8541 with 31 points up. Midcap and Smallcap baskets saw heightened activity with the BSE Midcap and BSE Smallcap indices gaining 0.98 per cent and 0.81 percent, respectively. Nifty Midcap climbed 137 points to 14435. Asian market indices traded highly negative. Nikkei declined 182 points to 16627, Hang Seng dropped 36 points to 21964 and Shanghai Composite dropped 26 points to 3012.
Tata Motors, Tata Motors (D), Bharti Infratel, Zee Entertainment and Power Grid Corp are the market movers for today who lifted up the Sensex and Nifty from the negative zone while Bajaj Auto, ACC, Bank of Baroda, Sun Pharma and SBI are the top losers.
Indian shares fell on Thursday to post their biggest daily percentage loss in four weeks. Banking Stocks fell more than 3.60 percent today. Sensex fell off day’s high to 205 at 27710 while Nifty declined 55 points or 0.65 percent to 8510. Maximum sectors closed red except FMCG and Oil and Gas sector. BSE BANKEX highest of all to -370.15 points at 21356.94 and Bank Nifty declined to -293.90 points at 18674.30. Major global indices traded in the positive zone.
Gainers: ACC (+4.68%), UltraTechCement (+2.21%), IndusInd Bank (+1.62%), Ambuja Cements (+1.49%), Asian Paints (+1.38%)
Losers: Axis Bank (-3.62%), Power Grid Corp (-3.47%), Bank of Baroda (-3.36%), BHEL (-2.81%), Kotak Mahindra (-2.76%)
India’s second largest IT company INFOSYS profit declined in the first quarter of the fiscal year 2017. Infosys put out a quarterly report that fell well below market expectations. Infosys fell more than 9 percent in the morning session itself and became the top looser. Profit of the company this year was Rs 3436 crore. According to the company’s CEO global economic problem has affected the performance of the company. Brexit has made a vast effect on the company. According to experts traders can invest for the long term in the company stocks. In the April-June quarter 10,262 people left the company. Attrition rate during this time increased from 17.3 percent to 21 percent.
Sensex Nifty fell down, trading in the negative group. BSE Sensex live on 27833 with 108 points down or 0.39 percent while NSE Nifty dropped 24 points at 8540 . BSE IT sector dropped 599 points to 10608 and BSE TECk dropped 255 points to 5829. MCX market is trading in the positive zone with minor hikes while NCDEX market is trading mixed.
BSE MidCap 12160 +45.83
Nifty MidCap 14341 +3.10
Stock Market dropped its early losses and grab the gains forced by the sectors to uplift the equity benchmarks. Sensex hike 126 points to 27942 and Nifty hikes 45 points to 8565. Sectors like BANKEX, Consumer Durables and Auto, lifted up the Sensex to positive zone. BANKEX with 316 points up traded at 21657, BSE Auto gained 109 points to 20228 and Consumer Durables is up with 259 points at 12298. In Asian Market, Japan’s benchmark index Nikkei boosted up by 154 points to 16385, Hong Kong’s index Hang Seng had a major hike of 238 points to 21561 and China’s Shanghai Composite dropped 6 points to 3053.
Gainers: ICICI Bank(+2.85%), Maruti Suzuki(+2.47%), BHEL(+2.30%), Tech Mahindra(+2.29%)
Losers: ONGC(-1.54%), Infosys(-1.47%), Sun Pharma(-1.28%), M&M(-1.17%), Dr Reddys Labs(-0.90%)
Between a high volatility, Sensex from red deviated and closed green at 27815 with 7 points lead and Nifty dropped 1 point to 8519. Maximum sectors traded down to negative. Nifty Mid Cap closed at 14258.80 with 87.10 points down while BSE Mid Cap closed with a drop of 67.01 points at 12049.52 points. Todays Market Movers that lift the Sensex in green are Tata Steel, GAIL, ONGC, BHEL and Coal India. Losers for today are Power Grid Corp, BPCL, IndusInd Bank, UltraTech Cement and Lupin. Rupee closed at 67.06 with the strength of 0.12 paise. All the global indices closed green with Nikkei at the top with 135 points lead at 16231, Hang Seng closed with 97 points lead at 21322 and Shanghai Composite with minor lead of 10 points closed at 3060. Overall 1019 shares advanced, 1728 shares declined and 163 shares remained unchanged.
Nifty Tips For Tomorrow
Indian shares rose for second consecutive session, with Nifty hitting nearly to its 11 months highest at 8521 with 53 points up or 0.63 percent up. Sensex with average lead of 181 points or 0.66 percent closed at 27808. Maximum sectors traded in the positive zone except Healthcare, IT and FMCG. BANKEX Sector leads today with 340 points at 21402, BSE Small Cap with minor lead of 9 points closed at 12080, BSE Mid-Cap hike 59 points to 12116 and Nifty MidCap drifted up 75 points at 14345. Asian Market pace up to trade high in the positive zone. Nikkei being at the top hike 386 points at 16095, Hang Seng with 344 points lead closed at 21224 and Shanghai Composite closed at 3049 with 54 points up. Meanwhile, the strong likelihood of a goods and services tax bill being passed in the monsoon session of parliament, which starts on July 18, and hopes for a good start to the quarterly earnings season also boosted investor sentiment.
Gainers: Hindalco, ICICI Bank, Tata Steel, Axis Bank, Maruti Suzuki
Losers: Tata Power, Cipla, Coal India, BPCL, Aurobindo Pharma
Indian Stock Market did a very well opening and closing as well. Market rose more than 1.5 percent today which is a very good news for the Indian traders and investors. Sensex rallied 499 points or 1.84 percent at 27626. Nifty crossed the level of 8467 by gaining 144 points or 1.74 percent. All the Indian sectors made the session remarkable by lifting the sensex up by 499 points and trading well. The maximum contribution was made by the BSE Auto Sector with hike of 431 points at 20139 and BSE BANKEX Sector with hike of 426 points at 21061. Bank Nifty jumped 374 points at 18390. BSE Mid-Cap surged 176 points at 12057 and Nifty Mid-Cap surged 192 points at 14270. Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 is up 3.98% while Hong Kong’s Hang Seng is up 1.54% and China’s Shanghai Composite is up 0.27%. Around 1721 shares advanced against 1042 declining shares with 184 shares remaining unchanged. Rupee closed at 67.18 by 19 paise or 0.28 percent lead against US Dollar.
Market Movers: Adani Ports (+217.45), Bank of Baroda (+162.35), Tata Motors (+484.60), Tata Motors(D) (+307.55), ICICI Bank (+249.85)
Indian Stock Market went down today also. However last day market managed to end in green but today it failed to do so. Maximum sectors traded in the negative zone except Healthcare, IT and Auto sector. Sensex declined 74 points to 27126 while Nifty fell 14 points to 8323 and ended red. Overall 1157 indices advanced, 1550 shares declined and 151 shares remained unchanged.
Gold edged down in the Friday trading session. However post Brexit Gold prices are increasing in domestic as well as in the Global market. Due to global uncertainties, brokerage houses have increased the targets of Gold commodity. According to the experts Gold can rise up to the rates of 35,000 per 10 grams till Diwali. There are many reasons for the hike in the prices of gold. Post Brexit Rupee declined as well the other currency markets by which the prices of Gold get hiked. Increased demands of investors in Gold made its prices to uplift. Gold ETF and SPDR holding increased from 630 ton to 934 ton due to increased demands. Gold rally will continue till the end of the year. Currently Gold is trading on 31,714 with 167 points drop.
Market opened flat today, after a day holiday in stock market on Wednesday on the occasion of Eid. A tug of war moved on over the day between the bear and the bullish market. However market traded low ending in green. BSE Sensex closed at 27201 with 34 points up and NSE Nifty with gradual high and low closed at 8337 with 1.95 points up. In Indian sectors BSE Small Cap closed at 11997 with lead of 4 points, BSE Mid-Cap ended up 49 points drop at 11867, Bank Nifty hike 80 points at 18084 and Nifty Mid-Cap closed with 27 points drop at 11867. Today 1553 shares advanced, 1206 shares declined and 146 shares remained unchanged. In Asian market Nikkei, Straits Times and Shanghai Composite traded in the negative zone while Hang Seng and Taiwan Index traded in the positive zone.
Lupin, Hindalco, HUL, HDFC, Dr Reddys Labs
Tata Steel, Zee Entertainment, HCL Tech, TCS, Adani Ports