Thursday, 30 March 2017

Sensex rises 116 pts; Nifty settles March F&O series at record high


Stock Future Trading Tips, BSE, NSE,
The benchmark indices continued their rising flash for third consecutive session after the Lok Sabha approved four legislations to give shape to the GST bill. The BSE Sensex, rose 116 points or 0.39% to 29,647.42, The NSE Nifty index rose 29.95 points or 0.18% to 9,173.75. Trading was volatile in consideration of March series expiry.
In the broader markets, the BSE Mid-Cap index rose 0.39%, while The BSE Small-Cap index rose 0.95%, outperforming the Sensex.
Logistics shares rose higher after the passage of the GST bills. Allcargo Logistics rose 4.4% while VRL Logistics shot up 4.3% and GATI gained 2.5%.
Auto stocks including Hero MotoCorp Ltd and Ashok Leyland Ltd recovered from steep losses after the Supreme Court banned sale of new vehicles with older Euro-III fuel technology from April 1.

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.
 

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