Energy, Bank & Infrastructure Stocks Drag Major Indices Downtrend At E.O.D

Major indices today traded range bound across majority of trading session and closed dovish for the day as losses in energy, bank and infrastructure stocks drag market on downtrend momentum. Pharma and Media stocks remained top sectorial gainers across today’s trading session in NSE and closed for the day with 2.38% & 0.44% increase in value respectively. European and UK markets are expected to see some uptrend movement during today’s trading session as crude oil continues to trade near $60. UK’s FTSE 100 is currently trading with 0.18% increase in value. Nifty closed for the day at 10490.75 on slight profit booking  by intra-day traders after reaching all time high at 10552.40. Advance to decline ration remained in bears favor at E.O.D with 37 of top 50 nifty stocks closing downtrend. Top Nifty gainers and losers for the day are Sun Pharma, Tech Mahindra & Dr. Reddy’s with 5.99%, 1.63% & 1.47% increase in value and IOC, Bharti Airtel & ICICI bank with 2.18%, 1.82% & 1.78% decrease in value respectively.

View Full Artcile With Comments

Pharma & Media Sector Stocks Are Top Gainers At Intra-day

Major indices indices such as Nifty and Sensex are trading near flat since trading session began for the day. Despite major indices in Asian markets taking uptrend momentum over bullish influence gained in market as crude oil hit $60 in US markets yesterday, momentum in Indian market seems to be very slow as holiday season and closing of year has resulted in slow and stable economic status albeit a small boost in FMCG sales. Both Nifty and Sensex are expected to continue range bound for next two trading sessions.

In order for market to see further uptrend momentum, Nifty must crack resistance at 10500 point level and move on to 10600 point range during the upcoming third quarter financial update season. Pharma and Media sector stocks are top gainers for morning session as per data from NSE on sectorial benchmark indices performance with 2.78% & 1.03% increase in value respectively. Top nifty gainers and losers for morning session are Sun Pharma, Cipla & Bharti Airtel with 3.65%, 2.71% & 2.40% increase in value and Hindustan Petroleum, Ultra tech Cements & Indian Oil Corporation with 0.94%, 0.93% & 0.71% decrease in value respectively.

View Full Artcile With Comments

Asian Market On Mixed Start For Week As Crude Oil Gains On Rig Count

US markets on friday closed uptrend on major indices from positive economic readings and interest rate hike by FED. NASDAQ, S&P 500 & DOW 30 closed for the day with 1.17%, 0.90% & 0.58% increase in value respectively. Similarly European & UK indices closed uptrend with major indices EUROSTOXX 50 & FTSE 100 seeing 0.18% & 0.57% increase in value respectively. Crude oil gained in Asia during early hours of trading session today getting some support as the number of rigs drilling for oil dipped last week and on continued strong demand cues from the regional market.

Japanese and Chinese stocks are trading uptrend during trading session today morning with Japanese market seeing huge uptrend boost with financial and exporter stocks leading gains, offsetting weakness in construction stocks. Major Asian indices NIKKEI 225, HANG SENG & FTSE STI are currently trading with 1.58%, 0.60% & -0.21% change in value respectively.

View Full Artcile With Comments

Metal, Realty & Auto Are Top Gainers At E.O.D

Indian market on friday closed uptrend for second consecutive trading session. Sensex closed for the day with increase of over 200 points while Nifty managed to close above 10300 point range as both indices manage to close for the day with over 0.65% increase in value. Nifty closed for the day at 10333.25 with 0.79% increase in value as 35 of top 50 nifty stocks traded uptrend at E.O.D. Gains in Metal, Realty & Auto  sector stocks helped market on its bull trend momentum today. Nifty metal is the top gainer for the day as per NSE sectorial index data with 2.66% increase in value. Top Nifty gainers and losers for the day are Vedanta Ltd, Yes Bank and M&M with 5.03%, 4% & 3.59% increase in value and Tech M, Cipla & Bosch Ltd with 3.50%, 2.58% & 0.98% decrease in value respectively.

View Full Artcile With Comments

Nifty Metal Is Top Intra-Day Gainer

Indian market today morning saw major indices make stable uptrend movement. Both Nifty & Sensex are currently trading with over 0.80% increase in value supported by positive momentum from bank, auto, metal, realty & financial service sector stocks.Nifty is currently at 10342.15 with 0.88% increase in value as 41 of top 50 nifty stocks trade uptrend. Nifty Metal is top sectorial gainer in NSE with 2.50% increase in value for morning session. Top Nifty gainers and losers for the day are Vedanta Ltd, Yes Bank & Bajaj- Auto with 4.94%, 3.08% & 3% increase in value and Tech M, Power Grid & Cipla with 1.59%, 0.95% & 0.87% decrease in value respectively.

View Full Artcile With Comments

Bulls To Look Out For The Day : Alpa Laboratories, Cantabil Retail India, Vimta Labs, PBA Infrastructure & Nila Infrastructures

Indian market today morning has taken to stable uptrend movement on major indices and stocks across multiple sectors.  Nifty is currently at 10343.50 with 0.89% increase in value as 41 of top 50 nifty stocks trade uptrend. Aside from top nifty stocks , these stocks are expected to make uptrend movement across today’s trading session. The stocks and their current change in value are provided below:

  1. Alpa Laboratories Ltd – 20% NSE / 19.91% BSE
  2. Cantabil Retail India Ltd – 16.53% NSE / 17.92% BSE
  3. Vimta Labs Ltd – 12.72% NSE / 13.33% BSE
  4. PBA Infrastructure Ltd – 12.09% NSE / 9.83% BSE
  5. Nila Infrastructures Ltd – 13.30% NSE / 13.30% BSE
View Full Artcile With Comments

Global Markets Take Downtrend Movement Over Uncertainty on US Tax Bill

US markets closed for Thursday on downtrend momentum with US dollar on defensive stance during early hours of trading session in Asian markets after wrangling over a bill to change the U.S. tax code dented confidence and over Federal Reserve tightening the monetary policy while expressing concern about low inflation. NASDAQ, S&P 500 and DOW 30 closed for the day with 0.28%,0.41% & 0.31% decrease in value respectively. Similarly European and UK markets closed downtrend after announcement from ECB raised growth and inflation forecasts for the euro area but struck with its decision that it would maintain stimulus for as long as needed.

EUROSTOXX 50 & FTSE 100 closed for the day with 0.54% & 0.65% decrease in value respectively. Asian markets on friday opened on dovish note over cues from US. Japanese market saw further downtrend movement over bearish influence from mobile firms extending a sell-off on concerns of increased competition after Rakuten said it aims to become Japan’s fourth wireless carrier. Major Asian indices such as NIKKEI 225, HANG SENG & FTSE STI are currently trading with 0.08%, 0.87% & 0.55% decrease in value respectively.

View Full Artcile With Comments

Market Opens Uptrend On Exit Poll

Indian market today saw major indices open with a bull gap on favorable exit poll results. Nifty futures in international market was trading uptrend ahead of Indian market hours indicating a positive start for the day. Nifty futures in Singapore Exchange hit as high as 10508 indicating possibility of Nifty index seeing over 1% gain during market hours today. With exit polls result in favorable of BJP winning the election, risk appetite seems restored among investors which is expected to cause a stir in volume of stocks traded today.

Nifty pre-open saw the index gain over 0.90% and Sensex rose over 300 points in pre-open market. Nifty is currently trading at 10363.95 with 1.09% increase in value as 45 of top 50 stocks trade uptrend. Strong uptrend support is expected from Metal, Pharma, Realty & Financial services sector stocks. Expected support and resistance for the day for Nifty index are at 10280 & 10430 respectively.

View Full Artcile With Comments

FMCG, Pharma & Energy Stocks Are Top Gainers At E.O.D

Indian market today saw major indices move range bound across majority of morning session , however the indices regained uptrend momentum during later half of trading session and closed uptrend for the day with over 0.50% increase in value. Sensex closed for the day with 59% increase in value while Nifty closed for the day with 0.58% increase in value at 10252.10 as 39 of top 50 nifty stocks traded uptrend. FMCG, Pharma, Energy & Bank sector stocks are top gainers at E.O.D. as per data from NSE on sectorial indices performance. Nifty FMCG is the top gainer with 0.85% increase in value. Top Nifty gainers and losers for the day are Hindustan Petroleum, Cipla & Dr. Reddy with 3.26%, 2.40% & 2.35% increase in value and TCS, UPL & GAIL with 2.67%, 0.82% & 0.77% decrease in value respectively.

View Full Artcile With Comments

FMCG & Pharma Are Top Gainers AT Intra-Day

Major indices continued to move on range bound pattern across the day. Both Sensex & Nifty saw over 0.10% increase in value at intra day supported by strong performance from  FMCG, Pharma, Energy & Bank sector stocks. Nifty is currently at  10208.15 with 0.08% increase in value as 25 of top 50 stocks trade uptrend. FMCG & Pharma are top gainers with 0.40% increase in value as per data on sectorial indices from NSE. Top Nifty gainers and losers for the morning session are Hindustan Petroleum, Tech Mahindra & Dr.Reddy’s with 2.87%, 1.81% & 1.73% increase in value and TCS, UPL & Gail with 3.10%, 1.82% & 1.48% decrease in value respectively.

View Full Artcile With Comments

Bulls To Look Out For The Day : Banswara Syntax, SPL Industries, Zen Tech & Goldstone Tech

Indian market today morning has taken to range bound movement for second consecutive trading session. Both Nifty and Sensex are currently trading with over 0.10% decrease in value respectively, however the advance to decline ratio has mostly remained neutral. All sectorial indices in NSE are trading in red so far indicating downtrend movement to continue across today’s morning session. Aside from top nifty stocks these stocks are expected to trade uptrend across the day. The stocks and their current change in value are provided below:

  1. Banswara Syntex Ltd – 14.49% NSE / 14.23% BSE
  2. SPL Industries Ltd – 12.71% NSE / 7.63% BSE
  3. Zen Technologies Ltd – 9.64% NSE / 9.29% BSE
  4. Goldstone Technologies Ltd – 9.73% NSE / 10% BSE
View Full Artcile With Comments

Asian Markets Move Downtrend Over Concerns From Yellen’s Speech

In line with expectations, the US Federal Reserve raised interest rates by 25 basis points on Wednesday. The 7-2 vote for the rate move, the Fed’s third this year, raises the benchmark lending rate by a quarter percentage point to a target range of 1.25 per cent to 1.5 per cent. The Fed officials also raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year. However 2 of 7 voting members choose against hike this month because of low inflation. Also adding to concern was Yellen’s speech were she mentioned ”  low inflation could be more ingrained than temporary “.

The Fed’s dot-plot forecast for 2018 and 2019 remained unchanged but rates are expected to reach 3.1% in 2020. Policymakers kept their inflation projections steady but also raised their GDP forecast for this and next year while lowering their unemployment-rate forecast to 3.9% for 2018 from 4.1%. All in, these forecasts make the Fed more hawkish but investors cared more about Evans and Kashkari, who voted against a hike this month because of low inflation – neither will be voting members of the FOMC in 2018. Although Fed Fund futures did not change materially after the rate decision, the sharp sell-off in 10-year Treasury yields and corresponding dollar weakness tells us that investors were not impressed.

This divided voting decision on interest rate hike has caused dollar to fall against a basket of six major currencies and also caused investors to rethink about their future course of action resulting in all major Asian markets starting off on bearish note for Thursday’s trading session. Japan’s NIKKEI 225, Hong Kong’s HANG SENG & Singapore’s FTSE STI are currently trading with 0.38%, 0.06% & 0.87% decrease in value.

View Full Artcile With Comments

PSU Bank & Realty Sector Stocks Drag Market Downtrend AT E.O.D

Indian market today saw major indices move downtrend across majority of the day. Both Nifty & Sensex closed red with over 0.40% decrease in value and losing out on all gains made during intraday during later half of trading session. PSU bank, Realty, Metal & Pharma sector stocks faced steep downtrend movement with respective sectorial indices losing over 1% at E.O.D as per NSE data. Nifty closed for the day at 10192.95 with 0.46% decrease in value as 36 of top 50 nifty stocks traded downtrend. Top Nifty gainers and losers for the day are Hindustan petroleum, BPCL & IOC with 2.18%, 1.68% & 1.53% increase in value and Vedanta Ltd, Cipla & Adani Ports with 3.12%, 2.05% & 1.86% decrease in value respectively.

View Full Artcile With Comments

Media & Energy Sector Stocks Are Top Gainers At Intra-Day

Market today morning saw major indices take a change in momentum. Both Nifty & Sensex which were trading range bound in first hour of trading session changed momentum as session progressed further into the day. Sensex rose over 130 points while Nifty saw 0.42% increase in value and is currently at 10278.40 as 36 of top 50 stocks trade uptrend. This uptrend momentum is strongly supported by bullish performance from Media & Energy sector stocks. Top Nifty gainers and losers for the morning session are Hindustan Petroleum, Kotak Bank & BPCL with 2.30%, 2.14% & 2.04% increase in value and HCL Tech, ICICI bank & Vedanta Ltd with 1.30%, 0.98% & 0.94% decrease in value respectively.

View Full Artcile With Comments

Bulls To Look Out For The Day : DIC India, Prabhat Dairy, GM Breweries, AVT Natural Products & Star Paper Mills

Indian market today morning has taken mixed momentum on major indices. While market opened for the day on bearish note major indices have taken to range bound momentum as bulls and bears wage war over control of market momentum. Both Nifty and Sensex are currently trading near flat in uptrend movement on respective index charts. Media, Energy, IT & Auto sector stocks provide strong support for bullish market momentum so far.

Aside from top Nifty stocks, these stocks are expected to make uptrend movement across the day. The stocks and their current change in value are :

  1. DIC India Ltd – 16.53% NSE / 16.55% BSE
  2. Prabhat Dairy Ltd – 13.79% NSE / 13.76% BSE
  3. G M Breweries Ltd – 12.10% NSE / 12.10% BSE
  4. AVT Natural Products Ltd – 13.41% NSE / 12.96% BSE
  5. Star Paper Mills Ltd – 10.20% NSE / 10.03% BSE

 

View Full Artcile With Comments

Asian Markets Continue On Mixed Momentum Ahead Of Fed Rate Update

US stocks yesterday had a mixed closing as Brent Crude Hit $65 during trading session yesterday. This is the first time Oil price reached this high since 2015. NASDAQ closed for the day with 0.19% decrease in value while S&P 500 & DOW 30 closed with 0.15% & 0.49% increase in value hitting record high closing, boosted by bank stocks as investors focused on a potential cut in U.S. corporate tax rates and continued strong economic growth. The Fed, whose two-day policy meeting ends today, is widely expected to raise its benchmark rate to between 1.25 and 1.50 percent.

The European Central Bank and the Bank of England will have policy announcements on Thursday, however neither is expected to change rates. European & UK markets closed uptrend for the day supported by bullish economic data with UK’s FTSE 100 seeing 0.63% increase in value on bullish CPI data and Europe’s EUROSTOXX 50 closed with 0.44% increase in value respectively. Asian stocks started off with mixed momentum on early trading session today morning following overnight gains on Wall Street. NIKKEI 225, SHANGHAI COMPOSITE & FTSE STI are trading with 0.46%, 0.08% & 0.37% decrease in value while HANG SENG, FTSE CHINA A50 and KOSPI are trading with 0.42%, 0.06% & 0.52% increase in value respectively.

View Full Artcile With Comments

Realty, FMCG, Infrastructure & Bank Drag Market On Steep Downtrend Movement At E.O.D

Indian market today afternoon session saw major indices continue its downtrend movement. Both Nifty & Sensex lost over 0.60% during today’s trading session. Sensex dropped over 200 points seeing 0.68% decrease in value while Nifty lost over 0.80% and closed for the day at 10240.15 as 37 of top 50 stocks traded downtrend. Realty, FMCG, Infrastructure & Bank sector stocks lost over 1% during today’s trading session as per NSE E.O.D data.  Top Nifty gainers and losers for the day are Dr. Reddy’s, ONGC & Adani ports with 2.83%, 2.77% & 2.37% increase in value and Hindustan Petroleum, Infratel & BPCL with 4.20%, 3.29%  & 3.02% decrease in value respectively.

View Full Artcile With Comments

Metal & Pharma Stocks Are Top Gainers At Intra-Day

Indian market today morning took steady downtrend movement on major stocks across multiple sectors and on major indices. Nifty and Sensex saw over 0.40% decrease in value across today morning session. Nifty is currently at 10268.55 with 0.53% decrease in value as 33 of top 50 stocks trade downtrend. Metal & Pharma sector stocks are top gainers with over 0.15% increase in value. Top Nifty gainers and losers for the day are Dr. Reddy’s, Vedl & Gail with 3.52%, 2.52% & 2.38% increase in value and Hindustan Petroleum, BPCL & Infratel with 3.18%, 2.14% & 2.42% decrease in value respectively.

View Full Artcile With Comments

Bulls To Look Out For The Day : Transwarranty Finance Ltd, Pudumjee Pulp & Paper Mills Ltd, Rupa & Company Ltd & Oil Country Tubular Ltd

Indian markets today morning has taken downtrend movement on major stocks across multiple sectors during the first hour of trading session. Metal, Medial, Pharma & Energy sectors have remained on uptrend movement so far. Bank, FMCG & Infrastructure are sectors with huge downtrend momentum during the first hours. NSE sectorial indices show over 0.70% decrease in value for stocks from Bank, FMCG & Infrastructure sectors. Nifty fell below 10290 during the first thirty minutes of trading session and has continued to move further down in index chart.

Aside from top Nifty/Sensex stocks, these stocks are expected to make bull run across the day. The stocks and their current change in value are :

  1. Transwarranty Finance Ltd – 19.81% NSE / 16.25% BSE
  2. Pudumjee Pulp & Paper Mills Ltd – 13.58% NSE / 14.89% BSE
  3. Rupa & Company Ltd – 9.66% NSE / 9.83% BSE
  4. Oil Country Tubular Ltd – 8.60% NSE / 9.01% BSE

 

View Full Artcile With Comments

Asian Markets On Course Correction Post Three Consecutive Uptrend Session

US markets on monday saw its major indices close uptrend over gains from Tech & Energy shares. Major US indices NASDAQ, S&P 500 and DOW 30 closed for the day with 0.51%, 0.32% & 0.23% increase in value. Similarly UK’s FTSE 100 closed uptrend with 0.80% increase in value on optimism over Brexit proceedings, however bearish performance in major European markets like France & Germany led to major European index EUROSTOXX 50 closing with 0.25% decrease in value. Taking a look at Asian markets, Japanese stocks edged up on morning session in choppy trade supported by gains in financial stocks, mining shares and shippers.

However market remains directionless with range bound momentum mostly supportive of bears across the trading session as investors remain on the sidelines before the Fed’s two-day policy meeting ends on Wednesday, at which the central bank is widely expected to raise interest rates. With three consecutive sessions of market moving uptrend, major indices on important Asian markets such as Japan, Singapore and Hong Kong have turned to course correction since trading session began for the day. Major Indices such as NIKKEI 225, HANG SENG & FTSE STI are trading with 0.16%, 0.49% & 0.26% decrease in value respectively.

View Full Artcile With Comments

Major Indices To Take Range Bound Movement Over Caution On Fed Meet

Indian markets saw bull momentum for three consecutive session on major indices, however market is expected to move range bound during today’s trading session. Nifty pre-open which started of in 10340 point level closed at 10325.05 with 0.03% increase in value and Nifty futures in international market is trading downtrend ahead of Indian market hours with 0.19% decrease in value indicating possibility of market opening flat and moving downtrend during morning trading session. Both local and foreign investors and majority of Promoters for major shares have taken a cautious stance as the two-day US Federal Reserve’s Federal Open Market Committee (FOMC) will begin today.

The central bank is likely to hike interest rates, which could be the third rate hike this year and investors wish to gauge possible outcome and impact of same on market from update on proceedings of FOMC meet, thus seeing a reduction in usual trading activity and a lack of news or major market driving factors in today’s trading session is expected to further support markets range bound movement. When looking at performance of Nifty futures in Singapore exchange ahead of Indian trading hours we can speculate on chance of index moving below 10300 during today’s trading session. Expected support and resistance for Nifty for the day are at 10280 and 10350 respectively.

View Full Artcile With Comments

IT, Pharma & FMCG Are Top Gainers At E.O.D

Indian market today saw major indices take stable uptrend momentum on respective index charts. Sensex rose over 200 points near E.O.D closing with 0.60% increase in value while Nifty 50 closed for the day at 10322.25 with 0.55% increase in value as 32 of top 50 stocks traded uptrend at E.O.D. IT, Pharma & FMCG sector stocks were top gainers for the day with respective sectorial indices gaining over 0.90% in NSE. Nifty IT was top sectorial gainer with 1.35% increase in value.

Top Nifty gainers and losers for the day are Auro pharma, TCS & UPL with 2.74%, 2.63% &  2.47% increase in value and Infratel, NTPC & Asian Paints 1.50%, 1.50% & 0.70% decrease in value respectively.

View Full Artcile With Comments

FMCG, Realty & Media Sector Stocks Are Top Gainers At Intra-Day

Indian market today morning session saw major indices take steady uptrend movement supported by favorable local economic conditions. Nifty and Sensex saw over 0.35% increase in value during morning trading session. Nifty is currently at 10303.10 in the index chart with 0.36% increase in value as 31 of top 50 nifty stocks trade uptrend. Nifty FMCG is top sectorial gainer for morning session as per data from NSE with 1.01% increase in value. Top Nifty gainers and losers for morning session are LUPIN, M&M , Ultra Tech Cement with 2.20%, 2.17% & 2.06% increase in value and Infratel, NTPC & ONGC with 1.24%, 1.22% & 1.08% decrease in value respectively.

View Full Artcile With Comments

Bulls To Look Out For The Day : Provogue India, Linc Pen, Hinduja Ventures, Repro India & Ausom

Indian market today morning has taken a stable uptrend movement across major stocks and indices. Nifty index opened for the day above 10300 point level and has maintained uptrend momentum supported by bullish performance from Media, FMCG & Pharma sector stocks. Aside from top nifty stocks , these stocks are expected to trade uptrend across the day. The stocks and their current change in value are:

  1. Provogue India Ltd – 20% NSE / 19.90% BSE
  2. Linc Pen & Plastics Ltd – 16.18% NSE / 15.99% BSE
  3. Hinduja Ventures Ltd – 10.26% NSE / 10.50% BSE
  4. Repro India Ltd – 14.12% NSE / 14.04% BSE
  5. Ausom Enterprise Ltd – 12.94% NSE / 11.76% BSE

 

View Full Artcile With Comments

Global Markets Off To Positive Start For The Week Amid Optimism About Global Growth

Global markets on monday opened on positive note on major indices across time zone amid optimism about global growth after the strong U.S payrolls data on Friday. China’s trading activity accelerated last month after slowing in October in an encouraging sign for the world’s second-biggest economy as visible from latest trade balance data released last week. US dollar rose to one-month top against Japanese Yen , having seen 1.2% boost on uptrend last week. The dollar index which measures the greenback against a basket of currencies, was steady near a three-week high.

US stocks on friday closed on positive note with major indices NASDAQ, S&P 500 and DOW 30 seeing 0.40%, 0.55% & 0.49% increase in value on positive payroll data. Similarly UK & European indices FTSE 100 & EUROSTOXX 50 closed with 1% & 0.63% increase in value as UK Prime Minister Theresa May managed to secure an initial agreement on Friday to move Brexit talks to a second phase.

With Bank Of Japan’s tankan survey of corporate sentiment indicating confidence among big manufacturers at decade high and business survey index (BSI) data at 9.7 up from plus 9.4 in July-September time frame the market is optimistic about momentum of local economic growth. This boost in growth of economy is strongly supported by sales and profit from Automobile sectors and electronic companies who manufacture spares and chips ( processors and sensors ) for smartphones. Major Asian indices NIKKEI 225, HANG SENG & FTSE STI are trading with 0.38%, 0.48% & 0.61% increase in value respectively.

View Full Artcile With Comments
Page 1 of 2312345...1020...Last »