ECONOMY ANALYSIS
- Nifty ends below 8350; ITC surges 4%, ONGC drags 3%
- Taro Q2 results boost Sun Pharma, stock hits record high
- China's key inflation gauge remains at 5-year low
- Bharat Forge Q2 profit up 81% on robust export growth
- Rail stocks up; Suresh Prabhu takes charges to head ministry
- The Nifty ended at all-time closing high even as it gave away most of the intraday gains in a rangebound session.
- The 50-share index closed at all-time closing high of 8,344.25, up 7.25 points or 0.09 per cent. It hit a record high of 8,383.05 and an intraday low of 8,304.45 in trade today.
- The S&P BSE Sensex ended at 27,855.69, down 12.94 points or 0.05 per cent. It hit a record high of 28,027.96 and an intraday low of 27,764.75 in trade today.
- ITC (up 4.08 per cent), Power Grid Corporation (up 2.76 per cent), Bank of BarodaBSE 2.32 % (up 2.36 per cent), Sun Pharma (up 2.23 per cent) and Tata PowerBSE 2.03 % (up 2.03 per cent) were among the Nifty gainers.
- Jindal SteelBSE -3.56 % (3.93 per cent), ONGC (3.73 per cent), Hindalco (2.47 per cent), L&T (2.10 per cent) and Axis BankBSE -1.83 % (1.91 per cent) were among the major losers.
- The market breadth was positive on the NSE with 547 gainers against 600 losers.
ECONOMY ANALYSIS
- Sensex, Nifty end flat; HDFC Bank, Hero major laggards
- Dr Reddy's, Endo get FDA approval to launch generic Valcyte
- Bank of Baroda Q2 profit falls 5.5%, NII jumps 17.5%
- Seeing positive trends in car & 2-wheeler biz: Gulf Oil
- L&T Q2 profit seen up 12%, revenue may jump 11%: Poll
- The Nifty has turned weak in trade today as the bulls took a breather after an upward journey for six consecutive sessions.
- The S&P BSE Sensex closed at 27868.63, down 47.25 points or 0.17 per cent, while The 50-share Nifty index ended at 8,337.00, down 1.30 points or 0.02 per cent.
- Aggressive long positions by the foreign institutional investors in Indian equities reflect their bullishness on hopes of a recovery in economy in coming years.
- According to analysts, the Indian markets are in for a big bull run and there is huge potential for markets to move higher from current levels.
- Following are the five factors that are likely to keep foreign investors
- 'Overweight' on India.
- High on growth:
- Oil continues to fall:
- Expectations of rate cut by RBI:
- Dovish US Federal Reserve:
- Easy monetary inflows to continue:
NEWS INSIGHT
- Choppy Sensex, Nifty end lower; auto, cap goods, auto drag
- Godrej Properties sees robust portfolio launches in H2FY15
- See H2 EBITDA margin at 13-14%; 20% FY15 profit growth: Jyothy Laboratories
- Financial Technologies gains 3% post IEX exit
- Jet Air surges 3%; Etihad not jittery on investment
- DLF surges 6%; SAT allows it to redeem MFs
- HeroMoto falls over 2% as Bain Cap sells shares
- Ranbaxy cracks 5%; FDA pulls nod on 2 drugs
- Positional Support for NIFTY 8198
- Immediate resistance for NIFTY is 8365
- Intraday Resistance of NIFTY is 8358
- Intraday Support of NIFTY is 8290
- Oscillator Analysis The oscillator is showing BUY signal
- Short Term Oscillator Analysis- The signal is BUY
ECONOMY ANALYSIS
- Sensex up 55 pts, Nifty ends below 8350; Bharti falls 2%
- Bharti Airtel calls off Rs 700 cr deal to buy Loop Mobile
- Hero to enter Europe by end 2015 with hybrid scooter Leap
- US factory activity back at 3-1/2-year high, auto sales rise
- StanC boardstick: DRL, Infosys best, ITC weak, BPCL weakest
- The Nifty extended its winning streak for sixth consecutive session and closed at an all-time high as inflows continued on hopes of pick-up in economic growth in coming quarters.
- The 50-share index ended at an all-time closing high of 8,338.30, up 14.15 or 0.17 per cent. It touched an all-time high of 8,365.55 and an intraday low of 8,323.50.
- The S&P BSE Sensex ended at all-time closing high of 27,889.41, up 29.03 points or 0.10 per cent. It touched an all-time high of 28,006.60 and an intraday low of 27,886.50.
- Axis BankBSE 2.93 % (up 3.44 per cent), HCL Tech (up 2.42 per cent), Dr Reddy's Laboratories (up 2.41 per cent), BPCL (up 2.35 per cent) and SBI (up 2.08 per cent) were among the Nifty gainers.
- Jindal SteelBSE -4.55 % (5.17 per cent), Cairn India (4.85 per cent), Hindalco (4.49 per cent), Sesa Sterlite (4 per cent) and NMDC (3.83 per cent) were among the major losers.
- The market breadth was positive on the NSE with 636 gainers against 543 losers.
ECONOMY ANALYSIS
- Sensex, Nifty end flat; small & midcaps rally, autos drag
- Fiscal deficit target of 4.1% challenging but achievable: Citi
- SpiceJet, Jet Airways fly 6-7% high on fuel price cut
- Karnataka Bank up 7.5% on 3-fold jump in profit, stable NPA
- Apollo Hospital Q2 profit may rise 7% to Rs 92.87 cr: Poll
- Bank of India Q2 profit jumps 26.4%, asset quality worsens
MARKET ANALYSIS
- It was a lacklustre session for the market on Monday as equity benchmarks saw consolidation after hitting record highs in early trade but the Nifty held its 8300-mark. The index rose 1.95 points to end at record closing high of 8324.15 while the Sensex fell 5.45 points to 27860.38 on profit booking. Meanwhile, the BSE Midcap and Smallcap indices outperformed equity benchmarks, rising 1 percent each.
- Though it was a consolidation day due to lack of triggers, the market will remain in a positive trajectory, say experts, adding the Sensex may see 28000 level soon.
- The market will remain shut on Tuesday for Muharram. Meanwhile, Indian factory activity reported a moderate growth in October with the HSBC Manufacturing Purchasing Managers' Index (PMI) rising to 51.6 in October from 51.0 in September. The auto industry was in reverse gear as sales for the month of October missed expectations. percent drop in total sales year-on- year, respectively.
ECONOMY ANALYSIS
- Record closing: Nifty ends at 8322, Sensex soars 519 pts
- ITC Q2 profit up 8.7% to Rs 2,425 cr, revenue disappoints
- See 7% GDP by 2017; like pvt banks, autos: Kotak's Prasad
- M&M Q2 profit falls 4.3%, revenue beats forecast, OPM dips
- Union Bank Q2 profit jumps 78%, asset quality weakens
- To open 150 Domino's, 30 Dunkin' Donuts in FY15: Jubilant
MARKET ANALYSIS
- Both S&P BSE Sensex and Nifty made fresh highs today, surging nearly 2 per cent each in trade on Friday. The 30-share index ended the day at 27,865.83, up 519.50 points, or 1.90 per cent. The Nifty shut shop at 8322.20, up 153 points, or 1.87 per cent.
- The Sensex hit its fresh lifetime high of 27,894.32 in intraday trade, while the 50- share Nifty index rose over 150 points to make its all-time high of 8,330.75.
- Strong macro environment, reform push by the new government and falling inflation have already boosted the Sensex by over 30 per cent so far in the year 2014. But analysts at Dalal Street see further upside in the index up to the levels of 30,000 by the December-end and over 35,000 in the next one year.
- Analysts at top brokerage firms firmly believe that we are in a bull market and equities will remain the best asset class in the next couple of years, provided global markets remain stable.
MARKET ANALYSIS
- Record closing: Nifty ends at 8322, Sensex soars 519 pts
- India set to grow 6.4% in FY16: World Bank
- HUL Q2 meets estimates, profit up 8%; volume growth at 5%
- Indian mkt to give 20% returns in 1 year; buy banks: JP Morgan
- BJP may probe DLF-Vadra deal in Haryana; stock crashes 8%
NIFTY ANALYSIS
- Positional Support for NIFTY 8180.
- Immediate resistance for NIFTY is 8450.
- Intraday Resistance of NIFTY are 8380:8450
- Intraday Support of NIFTY are 8250: 8180
- Oscillator Analysis - The oscillator is showing BUY signal
- Short Term Oscillator Analysis- The signal is BUY signal.
