Wednesday, 29 March 2017

Sensex, Nifty end higher ; Auto stocks fell, Bank shares edged higher


Stock Market Closing, Money Maker Research, Auto Stocks
Benchmark indices settled the day on a positive note as investors were not very bullish ahead of March Future & Option series’ expiry. The Sensex, rose 131.71 points or 0.45% to 29,541.23. The Nifty-50 index rose 43 points or 0.47% to 9,143.80. Robust inflow from foreign portfolio investors in Indian equities also boosted investors' sentiment.
Gains in banking stocks pushed the key indices higher. ICICI Bank climbed 1.97% to Rs 282.40. HDFC Bank spiraled 0.84% to Rs 1,430.65. Bharti Infratel was the top Nifty gainer, while Hero MotoCorp was the top Nifty loser in today’s trading session.
Auto stocks fell after the Supreme Court banned sale of existing stocks of Bharat Stage III vehicles from 1 April 2017.
There were 597 advancing stocks , 824 declines and 351 unchanged stocks on the exchange, reflecting bearish undertone floating in the market.





Monday, 27 March 2017

Nifty below 9,050; Shares fall down on weak global cues

Money Maker Research, Nifty Future Tips, Share Advice, BSE, NSETrading on Monday began on a downbeat note as domestic shares reflected weakness in other global stock markets. The BSE Sensex, fell 187.96 points or 0.64% to 29,233.44. The NSE Nifty50 index fell 62.80 points or 0.69% to 9,045.20, dragged by fall in IT and pharma stocks on strong rupee sentiment. Sentiment also affected  after private weather forecaster Skymet issued a statement today forecasting India's monsoon in 2017 is likely to remain below normal at 95% of the long period average of 887 mm for the four-month period from June - September.
The BSE Mid-Cap index fell 0.27% while the BSE Small-Cap index fell 0.06%.  On BSE, 1630 shares declined and 1158 shares advanced and a total of 231 shares were unchanged. Reliance Industries Ltd fell 3% after it was caught on fraudulence in taking a short trading position at the time of selling a stake in a unit in 2007. 
Asian stocks declined as investors were worried about the Trump's administration's inability to push through its policy initiatives.
Finance Minister Arun Jaitley today tabled supplementary GST legislations in Parliament amid protests from the members of the Congress Party.
 

Friday, 24 March 2017

Nifty ends at 9,100; Sensesx closes high led by banking stocks

Money Maker Research, Today's Market Update
The key benchmark indices on its closing Friday settled higher led by  gains in banking stocks following news reports that the Finance Minister Arun Jaitley has announced to offer a solution to the growing non-performing assets  crisis in next few days.
The BSE Sensex ended at 29,421.40, up 89.24 points, while the broader Nifty50 settled at 9,108, up 21.70 points. Both the indices registered  their first weekly loss in March, retreating from a record high attained last week.
In the broader market, the BSE Midcap ended 0.1% down, while the BSE Smallcap index gained 0.3%.  On the BSE, 1471 shares declined against  1,346 advancing shares and a total of 218 shares were unchanged.
Bank stocks advanced. ICICI Bank rose 3.28%, Kotak Mahindra Bank rose 1.2%, Axis Bank up 0.49% among others.

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