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Sensex, Nifty Trade Flat, Banking Stocks Recover

Equity benchmark indices turned red in the opening session on Friday. The indices were moving between gains and losses through mid-morning session. At 10.50am, the Sensex was trading at 39488-level, down 41 points while the Nifty at 11833.45, down 10 points. Dr. Reddys, Cipla, AdaniPorts, Britannia and Reliance were among major lowers on Nifty while IndiaBulls Housing finance, Vedanta, BhartiInfratel, IndusInd Bank and Wipro led the gains. The Nifty sectoral indices were trading in mixed trends. The NiftyBank, financial Service indices recovered their early losses and are trading marginally higher by about 0.31% each, at this time. Also, IT, Metal, PvtBank and Realty indices are trading in the green. Nifty Pharma index falls the most by 1.19% with major losses in Biocon, Dr.Reddys, Glenmark and Cipla. Shares of JSW Steel trade higher by 0.54% at Rs.268.15 after the company informed that it has agreed to acquire the full stake of PiombinoSteel Ltd from JSW TechnoProjects Ltd. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Nifty, Sensex record Biggest Fall this year After RBI Rate Cut

The frontline indices continued their declines throughout the day and closed in heavy loss after the banking regulator RBI reduced repo-rate by 25 base points for the 3rd-consecutive time to 5.75-percent from the earlier 6-percent and also changed its policy standpoint to Accommodative from Neutral.  Indices registered the biggest single-day fall in 2019, with Sensex cracking 553.82-pts to close at 39,529.72 and the broader Nifty50 was closed lower by 177.90 points to quote at 11,843.75.  All sectoral indices ended the day with losses, wherein PSU Banks led the sharp fall with loss 4.90-percent Among Nifty50 stocks, GAIL India comes out as the biggest loser shedding 11.5-percnet. Other losers followed are Indiabulls-HF, IndusInd Bank, YesBank and State Bank of India that lost between 4 to 8 percent.  Stocks such as Coal India, Titan, HeroMotoCorp, NTPC and Power Grid were among major Nifty gainers in trade today by ~1 to 3-percent in range. Read the full article

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Nifty Sensex falls further after RBI rate cut; Nifty PSU falls heavily

The BSE Sensex and NSE Nifty 50 extended losses after the RBI announced its monetary policy decision, today. The MPC of the RBI has slashed the key repo rate by 25bps for the 3rd consecutive time to 5.75pc and changed the stance from the Neutral to  Aaccommodative. The MPC unanimously voted in support of  rate-cut. The reverse-repo-rate is at 5.50% and the GDP forecast for FY2020 is at 7pc. The RBI has kept the cash reserve ratio unchanged at 4pc. Intraday, the Sensex fell at intraday 575 points to 39,507 and the Nifty 50 slumped 180 to 11,840, after RBI’s policy decision. After having announced the MPC decision, the Nifty PSU Bank was the top falling sector and was down 4.82% followed by Nifty PrivateBank and Nifty Bank, which fell 2.15% each. The Nifty Pharma and Media indices also declined. At 2.35pm, The Sensex was down by 556pts at 39,527.45 and the Nifty down by 174pts at 11847.15. Coal India, Asian Paints, PowerGrid, Hindustan Unilever, and Titan were among the top gainers on the Nifty, whereas GAIL, Indiabulls, YesBank and IndusInd Bank, led losses. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Nifty, Sensex Edge Lower; RBI Policy Decision In Focus

Share market frontline indices opened lower on Thursday amid rising US-Mexico & US-China trade worries. Further, are keen only observing RBI’s monetary policy decision to be announced during mid-noon hours today. The BSE Sensex slipped 113-points at 39965-levl and the NSE’’s Nifty50 went down 53points to 11,968-level at 10.25am, Thursday. On the sectoral front, except Nifty FMCG, all the sectoral indices were trading in the red with major falls in Nifty PSU bank and Nifty Pharma index were falling 1.67 and 1.13% respectively. Realty, media, IT and financial sectors also led the losses moderately. Asian Paints, Coal India, PowerGrid, and Titan Company were among the top gainers on the Nifty, while GAIL, Indiabulls, Grasim, Ultratech and YesBank led the loss. GAIL India shares fell 9.36pc at Rs.324.70per share as the Company’s tariff hike was lower than expected. Shares of Dewan Housing Finance Corp (DHFL) fell 11.59pc as ICRA, CRISIL &CARE ratings downgraded the stock after the company defaulted on its interest payments on NCDs on Tuesday. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Stock Markets Off Today On Account Of Eid-Ul-Fitr

The NSE, BSE, Commodity, Forex and currency markets will remain closed on Wednesday on account of Eid-ul-Fitr. Trading activity will start again on Thursday, 6th June, when RBI’s policy decision will be announced. On Tuesday, the stock market settled in the red territory as investors were emerged in profit booking, a day after the benchmarks scaled a record high. The BSE benchmark Sensex closed at 40,084, down or 0.46% or 184-points with Hero MotoCorp, HCL Tech and TCS leading the list of losers on the Sensex. The Frontline Nifty50 index of the NSE slipped 55% or 67 points to close at 12,022-level, led by top Gains in YesBank, BhartiInfratel and NTPL The market breadth was in support of bears as out of 1946 scrips traded on NSE, 777 shares advanced, while 1060 stocks declined and 109 remained unaffected. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Sensex, Nifty closed lower on Profit Booking

Indian shares closed Tuesday’s session with loss, as investors booked profit after both benchmarks closed at record heights in the previous session. The broader Nifty fell 66.90pts to 12,021.65, while the Sensex settled 184pts lower at 40,083.54. The Sensex’s loss led by Hero MotoCorp, HCL Tech, TCS, Asian Paints, and IndusInd Bank leading the list of losers. In the Sensex pack of stocks, 13 stocks ended in the green and 17 stocks ended in the red. Gainers in the Nifty were Yes Bank, BhartiInfratel, NTPC, Axis bank and Coal India. Among sectoral indices on Nifty, only Metal and PSU Bank indices ended the day in the green, while Nifty IT took the heavy loss, down 1.56pc, while Media and Pharma also declined over 1pc. HCL Tech fell 2.26%, dragging the Nifty IT index lower. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Gold Price Hovers Near Its 3-Month High

Gold prices in the international market on Tuesday hover about 3-month high that it hit in a previous session on Monday. Spot gold slipped by 0.2% to USD1322.27 per ounce, after touching its peak since February-end  at USD1327.90 in the previous session, while US gold futures held steady at USD1328.20 per ounce.  Meantime, Gold rates in India surged on Tuesday at Rs.30810 in Chennai, Rs.21720 in Calcutta and Rs.31460 in Mumbai as well as Delhi, per 10 grams. The MCX Gold was trading at Rs.32390 per ten grams, lower by Rs14, while MCX Silver was trading at Rs36645 a kilo, down by Rs.68 during mid-session. Read the full article

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Sensex, Nifty Open in the Red; Rupee Open Higher

The benchmark indices, Sensex & Nifty, opened on a negative note on Tuesday morning with mixed Asian cues. The NSE Sensex was trading at 40,206-levels, up 61 points, while the Nifty50 was at 12,064 up 23 points during mid-morning session. On the sectoral indices, Nifty Auto, Metal, PSU Bank and Realty index were trading in the green, whereas Nifty bank, Financial service, FMCG, IT, Media, Pharma and Pvt bank were trading in the red with major loss in IT index which declined over 1% led by fall in HCL Tech, TCS and Infosys. Yes Bank, EicherMotors, NTPC, L&T and PowerGrid were among major Nifty gainers, while HCL Tech, Zeel, HeroMotoCorp and Asian Paints led the losses. Shares of L&T Technologies fell 0.67% on the NSE, after Larsen&Toubro plans to sell 3.88pc stake in the company, as per exchange filing. The Indian currency opened stronger amid falling global crudeOil prices. The rupee opened at 69.15/USD against the previous close of 69.25. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Market ends at record closing level, Sensex up 553pts, auto, metal stocks up

Sensex, Nifty ended at record closing highs on Monday amid RBI rate-cut hopes and slide in crude oil prices. Crude Oil prices declined by over 1pc on Monday, extending losses of over 3pc that was on Friday. The BSE Sensex benchmark settled 553pts higher at record closing high of 40,268-level  while the Nifty50 added 166pts to end at new closing high of 12,088. The Nifty Midcap rose 1% while the Nifty Smallcap was up 0.2%. HeroMoto Corp, IndusInd Bank, Asian Paints, Bajaj Auto, and Indiabulls Housing were among the major Nifty50 gainers, whereas GAIL, NTPC, TechMahindra, ICICI Bank, and UltraTech Cement led the losses. All sectoral indices, barring Nifty Media, moved on  the a positive territory, where the Nifty Auto advanced the most, up 1.9% followed by the NiftyMetal up 1.7%.  Also, the Nifty FMCG & the IT indices went up over 1%. Auto stock such as HeroMoto Corp rose 5.77% to Rs.2835 per share, while BajajAuto gained 3.55% on healthy auto sales data for the month of May. Shares of oil marketing companies advanced for the three regular sessions on sliding crude oil prices. IOC rose 2.45% to Rs169.60 per share, while BPCL gained 1.87% to Rs.417 per share  and Oil India  gained 1.19%  to Rs182.15per share on the NSE, while the Nifty Energy index rose 1.21%  to  16,760-levels. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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HDFC Shares Touch New 52-High Today

Shares of home loan provider Housing Development Finance Corp (HDFC) rose to a new 52-Week high intraday at Rs.2225 apiece on NSE on Monday. As per Experts outlook, the surge in HDFC stock was on account of expectation of a rate-cut ahead of the ReserveBank of India's (RBI) monetary policy committee (MPC) review meeting.  The RBI’s MPC is scheduled to announce its conclusion after the review, on Thursday. In the last two policy reviews, the RBI had cut the repo-rate by 25bps each. However, according to experts, the CentralBank may go for another round of rate cut, for the third consecutive time on Thursday to prop up the economic growth which slumped to a 5-year low in the final quarter of 2018-19. During mid-market session at 1.35pm, HDFC shares quoted at Rs.2219.50, up by 1.69pc on the NSE. Meanwhile, the frontline NSE Nifty50 index traded 90points higher at 12013.-level Meantime, the Nifty Financial Services traded positive, up 0.70pc at 13,573.65 with 14 shares advancing against 6 declining stocks on the index. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Sensex, Nifty Open Higher; FMCG, AutoStocks Gain

Domestic stock markets opened higher on Monday on fall in Crude oil price. At 10.40am, the BSE Sensex was up 180pts at 39,894 and NSE's Nifty50 was higher at 11,974 up 52pts. HeroMoto Corp, Bajaj Auto, Asian Paints, Britannia and IOC were the top gainers on Nifty50, while ONGC, Mahindra&Mahindra, Hindalco and ITC led the losses. Sectoral indices on the Nifty were trading mixed trend at this time with Nifty bank, Media, Pharma and PSU Bank were trading in the red, while Auto, financial service, FMCG, IT, Metal and realty were seen buying. Shares of HeroMoto Corp gained 5.59% to Rs.2803 per share after the company reported strong May auto sales numbers Bharti Infratel also advanced 1.32pc after the NCLT approved merger of the company with Indus Towers. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Weekly review on stocks for the week ended 31-May, 2018

The Indian stocks indices ended 0.7% higher for the week on optimism that the new second term Modi govt will take economic reforms to greater strength with NirmalaSitharaman inducting the new finance minister. Though on Friday, the indices ended 0.3% lower because of profit booking by investors, on weekly basis, the Sensex was 0.7% higher for the week, while the NSE Nifty50 gained 0.7% weekly gains. The Nifty Midcap index outperformed indices, rising 1.5% for the week. Sectoral indices seen mixed gains for the week. The Nifty IT rose up 3.8% followed by the Nifty Energy index up 1.8% and the Nifty Bank index up 0.7% for the week The Nifty Auto index fell 3.4%, followed by the Nifty PSU Bank and the Pharma index which were down 2.4% and 1.8%, respectively. The Nifty500 Index closed 0.85% higher during the week. 10 out of 11 sectoral gauges of the NSE declined, led by the NSE Nifty PSU Bank Index’s 1.4% fall. On the other side, the Nifty IT Index was the single sectoral gainer, up 1.06% TCS, Gail India, IOC, Yes bank, Infosys, BPCL, Coal India, Tech Mahindra, NTPC and HDFC were among top 10 Nifty Weekly gainers of the week. On the other hand, JSW Steel, TataMotors, HeroMoto Corp, ZeeEntertainment, BajaAuto, EicherMotors, ITC, MarutiSuzuki, BhartiAirtel and M&M the top 10 weekly losers on Nifty50. Read the full article

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Stock Markets close lower on profit-booking 

The Indian benchmark equity indices on Friday seen volatility on closing after the Modi-govt announced Cabinet portfolios. Nirmala Sitharaman is kept market attention, as she was given portfolio as finance minister. Benchmark indices after rising with all-time high levels in early trade today, ended on a weaker note on closing. BSE benchmark Sensex slipped 118pts down to 39,714 while the NSE Nifty settled at 11,923, up 23pts lower.  YES Bank, with a fall of over 4%, was the biggest loser in the both Nifty and Sensex packs. On the other hand, TCS, Asian paints and IOC were among prominent gainers on the Nifty.  During the week, both Nifty and Sensex rose nearly 0.7%. The biggest sectoral loser was Nifty Auto which declined 3.4% followed by Nifty PSU Bank, down 2.4% lower, and Nifty Pharma index down 1.8% for the week ended May 31. Read the full article

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Coal India share price Surges, Brokerages rated BUY

Share price of Coal India rallied at intraday high level, over 3.9pc at Rs263.30 during Friday’s session on after Company’s consolidated net profit jumped 362.47pc to Rs.6024.23-Cr that is on 6.32pc rise in total income to Rs.30365.84-Cr in Q4 March 2019-year-on-year. The consolidated revenue from operations was up by 7.5pc to Rs.28546Cr as against Rs.26548Cr in March 2018. For the FY 2018-19, its PAT was Rs.17462-Cr, which was 148 percent higher than Rs.7038-cr from the previous year. After the result announcement, brokerages have turned bullish on Coal India. As per reports, foreign brokerages CITI and CLSA have rated BUY on the stock. CLSA has increased the target price (TP) to Rs290 while CITI has set the TP to Rs320 from Rs300 earlier.  Read the full article

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Sensex Opens Above 12,000-Mark; Coal India rise on Strong Q4 Result

Indian stock benchmark indices advanced in Friday’s session, with the Sensex above 40000-level and the Nifty above 12000-levels during mid morning. The BSE Sensex was up 231-points at 40,063.20 and NSE's Nifty50 was trading 75points higher at 12,020.95. Meantime Nifty Bank index hit a record high led by gains in SBI, HDFC Bank, RBLBank, ICICI Bank and KotakBank, among others, up in the range of 1.6 to 2.22 percent. BPCL, Asian Paints, IOC, TCS and NTPC were the top gainers on Nifty50 index, while Vedanta, Zee, Sunpharma and JSW Steel led the losses. Among the corporate earning numbers, ONGC fourth quarter profit slipped 51pc at Rs4,044.6-crore V/s Rs8,262.7crore and revenue down 3.4pc at Rs 26,758.5 crore V/s Rs 27,694 crore, quarter on quarter. ONGC shares see down trend by down 1.37% at Rs.169.20 at the time of this report Shares of Coal India rallied 3% at Rs262.95 intraday high after the Company’s fourth profit rose at Rs.6024.2crore v/s Rs1302.6 crore. Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips Read the full article

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Market Close At Record High Level Ahead Of Modi's Swearing-In

Stock markets India was cheerful on Thursday as the swearing-in ceremony of the Prime Minister-elect, Narendra Modi for a second tenure in office. Ahead of the swearing ceremonial, the BSE Sensex closed at 39,831.97, up by 329.92 points and the NSE Nifty50 closed at 11,945.90, up by 84.80 points on Thursday. HDFC, HDFC Bank and TCS and Reliance contributed the most to the Sensex gains. Among the top gainers on NSE Nifty, shares of NTPC rose at Rs.135.25, up by 3.32% and YesBank at Rs.155.25 up by 2.34%, followed by Bajaj Finance, BPCL and Bharti Airtel with gains in range 2.05 to 2.28% in range. The loser were led by Sun Pharma down by 2.57%, followed by Eicher Motors, Zeel and M&M down by over 2% Sectorally, banking and finance sector were the major gainers with Nifty bank closing at 31,537-level, up by 241 points, followed by Nifty IT up by 0.83% at 15,997 level. On the flip side, Nifty Metal and Auto were down 0.44% 0.56% respectively. Mid-cap & small-caps stocks were on upper levels with Nifty Mid-cap100 index gained 0.79%, and Nifty Small-cap100 up by 0.38% Read the full article

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Mahindra Stocks fall weakQ4 numbers

Shares of Mahindra & Mahindra Ltd (M&M) were trading 2-percnet down on Thursday, after company’s profit missed street expectations. During mid-market, the stock declined 2.02% to Rs658.50 in Thursday session, one day after Mahindra group companies M&M & Mahindra Vehicle Manufacturers reported a 16pc fall in profit at Rs969crore for the quarter ended March 31.  As per earning numbers of M&M, its profit after tax declined by 19.9pc year-on-year to Rs.848.8-crore, i,e about 5pc below estimates. Higher raw material expenses led to fall of 6.2pc year-on-year in the Earnings before interest, tax, depreciation and amortization, which stood at Rs.1645.8-crore. Also CLSA downgraded M&M stock to UNDERPERFORM from BUY, reducing the target price to Rs690 from Rs850.  M&M share price in the mid-noon hours was at Rs.658.60, down by Rs.13.55 or 2.02%, from its previous close of Rs.672 on the NSE. Meanwhile, the BSE Sensex traded at 39,812-level up 310 points and the NSE Nifty50 was at 11941-levels up 80 points at 12.50 pm, Thursday. Read the full article