Saturday, 21 March 2015

Sensex, Nifty drag; ICICI Bank, M&M shed 3%


Sensex, Nifty drag; ICICI Bank, M&M shed 3%

The OECD expects 7 pct China growth in 2015, urges freer yuan

Power cos under-recoveries to touch Rs 4500 cr post coal auction

Macquarie retains underperform on BHEL, wary of order flow

Brent climbs towards $55 on weaker dollar; supply concerns limit gain

The market ended lower dragged mostly by capital goods and FMCG stocks. The Sensex is down 208.59 points or 0.7 percent at 28261.08. The Nifty is down 63.75 points or 0.7 percent at 8570.90.

About 770 shares have advanced, 2104 shares declined, and 168 shares are unchanged. Only IT index ended in green. Wipro, Infosys, Coal India, Dr Reddy's Labs and TCS are top gainers in the Sensex. Among the losers are NTPC, ICICI Bank, BHEL, M&M and GAIL.

Amidst differences over regulation of money market between RBI and the government, the central bank today said there is a need to examine various related issues connected with issuance of public debt.

Wipro, Infosys, Hindalco, HDFC and TCS are top gainers while NTPC, BHEL, GAIL, M&M and ICICI Bank are major losers.

After much controversy and procedural wrangles, the Mines and Minerals (Development and Regulation) Amendment Bill, 2015, was passed by the Rajya Sabha with all parties, barring Congress and the Left, supporting it.

Friday, 20 March 2015

Equity trading tips and Updates for 20 March 2015

Sensex falls 150 pts, Nifty breaks 8700; banks, RIL drag

Fed bows to market's more dovish view of soaring dollar

Franklin eyes doubling its AUM to Rs 1,20,000 cr in 5 yrs

Realty stocks rise; Maha govt ups premium on additional FSI

Govt open to extending first half of B
udget session

Oil prices surge as Fed stays cautious on rates

The 30-stock Sensex ended the day in the red after rallying over 300 points in intraday trade on hopes that US Federal Reserve would not go for a rate hike soon.

The Nifty extended losses for second straight session and closed near support of 8,600. The US Federal Reserve took a dovish stand on interest rates and said the action will be data driven. According to analysts, the hike may happen in June or may get delayed to September as well.

Most of the Asian markets ended in the green zone, except for Japan's Nikkei, which closed the day below its crucial 19,500-mark. 

The Sensex ended the day at 28,469.67; down 152.45 points.

The broader 50-share Nifty closed the session at 8,634.65; down 51.25 points.

Top gainers on sensex: Gail, Ntpc, , Ongc and Tata steel (0.9%)

Top losers on sensex: axis bank , Bhel, Sbi, Ril and Icici bank (-1.7%)

For More Updates On Market Click Here: Stock Market News

Thursday, 19 March 2015

Sesa up 5 percent as iron mining to resume in Goa

Equity trading tipsSensex closes day 114 points down ahead of FOMC cue; SBI top gainer

Brent falls towards $53 after US crude stocks rise

Franklin eyes doubling its AUM to Rs 1,20,000 cr in 5 yrs

Sesa up 5% as iron mining to resume in Goa; DB positive

Govt open to extending first half of Budget session

The market closed a rangebound session on a weak note with benchmark indices losing 0.4 percent each ahead of Federal Reserve policy meeting outcome tonight. FMCG, infrastructure, technology and select auto stocks saw selling pressure.

The 30-share BSE Sensex fell 114.26 points to 28622.12 and the 50-share NSE Nifty declined 37.40 points to 8685.90 on profit booking after risingpercent in previous session. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.3 percent each.

About 1270 shares advanced against 1584 shares declined on the Bombay Stock Exchange. Global markets awaited the US Federal Reserve's policy announcement with caution. European equities were mixed while most Asian benchmarks ended higher with the Shanghai rising over 2 percent.

HDFC, ITC, ONGC, Wipro, HUL, M&M, Bharti Airtel and BHEL dropped 1-2 percent whereas Reliance Industries and SBI gained more than 1.3 percent.

Sesa Sterlite was up 0.6 percent and Kalyani Steels rallied 5.5 percent.

For More Updates on Market click here: Stock market news

Wednesday, 18 March 2015

Sensex ends up 299 pts, Nifty at 8723 ahead of Fed meet

Equity trading tips

Sensex ends up 299 pts, Nifty at 8723 ahead of Fed meet

Just Dial to spend Rs 100cr on Search Plus mktg in FY16

FACT surges 20% on revival hopes; co says need Rs 2000 cr

IRB Infra up 2% on financial closure for Aurangabad project 6
Stock market news
Oil prices mixed in Asia, US crude near six-year lows

ECB's Draghi calls for quantum leap in European integration

The S&P BSE Sensex snapped a two-day decline and closed nearly 300 points higher in a pullback rally on Tuesday led by gains in stocks of capital goods, FMCG and healthcare sectors. In the near term, the market will take cues from the comments of the US Federal Reserve on interest rate hike in
the US.

The 30-share index closed at 28,735.33, up 297.62 points or 1.05 per cent. It touched a high of 28,784.35 and a low of 28,435.45 in trade today.

The Nifty ended at 8,723.30, up 90.15 points or 1.04 per cent. It touched a high of 8,742.55 and a low of 8,630.80 in trade today.

Hindalco (up 5.75 per cent), Sesa Sterlite (up 4.02 per cent), Dr Reddy's Laboratories (up 3.53 per cent), HDFC (up 2.62 per cent) and Axis BankBSE 1.93 % (up 2.58 per cent) were the among the Sensex gainers.

Infosys (1.10 per cent), Coal India (0.78 per cent), Tata Power (0.62 percent), Bharti AirtelBSE -0.60 % (0.60 per cent) and Wipro (0.60 per cent) were among the index losers.

The market breadth was positive on the BSE with 1374 gainers against 1437 losers.

Tuesday, 17 March 2015

Sensex, Nifty end in red; Infosys, BHEL, Tata Power up 2%

Equity trading tips

Sensex, Nifty end in red; Infosys, BHEL, Tata Power up 2%

Feb WPI inflation falls to all-time low of -2.06%

Jet, SpiceJet up 3-4%; eye new international flying rules

Oil prices drop on strong dollar, US crude hits six-year low

Govt to re-examine bids for 5 more coal blocks

Blue Star to transfer PE&IS biz to wholly-owned subsidiary

The Sensex ended the day in red after a choppy session which saw the 30- stock index slipping over 100 points soon after the inflation data came in at -2.06% for the month of February, and then getting back in the green for a short while before settling the day 66 points down.

The Sensex closed the session at 28,437.71; down 65.59 points. The broader 50-share Nifty ended the day at 8,633.15; down 14.60 points. 

Top five losers on the Sensex were Sesa Sterlite (-5.1%), BHARTI AIRTEL (-3.3%), HINDALCO (-3.2%), NTPC (-2.4%), HDFC (-1.6%)

Top five gainers were Infosys (2.2%), BHEL (1.9%), Tata Power (1.6%), Sun Pharma (1.4%), WIPRO (1.2%)

Monday, 16 March 2015

Sensex bleeds 427 pts, Nifty ends at 8648

Equity trading tips

  1. Sensex bleeds 427 pts, Nifty ends at 8648
  2. SAT quashes SEBI order against DLF; stock rises 9%
  3. DIPP gives more clarity on construction FDI norms
  4. Bajaj Auto slips 2%, CLSA retains underperform & cuts EPS
  5. Precision Camshafts files draft papers with Sebi for IPO
  6. Intel cuts revenue forecast as desktop demand weakens
  7. The world's unluckiest day spooked the Sensex, which slipped by as much as 427 points in trade, weighed down by banking stocks after data showed that consumer inflation has edged up. The numbers raised concerns about rate cuts and sent bond yields higher.
  8. The S&P BSE index closed 1.48 percent lower or 427.11 points at 28,503.30 after gaining as much as 0.9 percent earlier in trade today. However, on a weekly basis the benchmark index recorded a fall of 945 points or 3.2 per cent from its closing value of 29448.95 recorded on 5th March 13, 2015.
  9. The 50-share Nifty index finally closed at 8647.75, down 1.4 per cent or 128.25 points. For the week, the index posted a loss of 290 points or 3.24 per cent, from its closing value of 8937.75 recorded on 5 March 2015.
  10. The benchmark index has already slipped as much as 1521 points from its record high of 30024.74 hit earlier in the month of March. Pressure on rupee, concerns over key bills and sooner-than-expected interest rate hike by the US Federal Reserve made investors cautious.

Friday, 13 March 2015

Sensex ends 271 points up

Equity trading tips

Sensex ends 271 points up, Nifty above 8,770; Sesa gains over 4%

Spicejet gains over 13%; foreign airlines eye stake

Jindal Stainless surges 11%; up 27% in two trades

Feb CPI may inch to 5.26%; Jan IIP slowdown to 0.5%

Bank of Korea joins global policy easing with surprise rate cut

Ranbaxy merger: Sun Pharma readies new leadership team

The Nifty ended in the positive terrain for the first time after three-day decline with the International Monetary Fund (IMF) raising its growth forecast for the current fiscal to 7.2 per cent.

The 50-share index ended at 8,776, up 76.05 points or 0.87 per cent. It touched a high of 8,787.20 and a low of 8,732.90 in trade on Thursday.

The S&P BSE Sensex closed at 28,930.41, up 271.24 points or 0.95 percent. It touched a high of 28,971.01 and a low of 28,772.71 in trade.

Cairn India (up 4.96 per cent), SesaBSE 3.63 % Sterlite (up 4.72 per cent), NTPCBSE 3.54 % (up 3.74 per cent), HindalcoBSE 3.37 % (up 3.15 per cent) and Sun PharmaBSE 2.46 % (up 2.78 per cent) were the among the index gainers.

Tech MahindraBSE -2.13 % (2.21 per cent), M&M (1.57 per cent), Bajaj AutoBSE -1.01 % (1.36 per cent), Dr Reddy's Laboratories (1.17 per cent) and Coal IndiaBSE -1.23 % (1.03 per cent) were among the major Nifty losers.

The market breadth was positive on the NSE with 914 gainers against 573 losers.