Tuesday 11 April 2017

Sensex rises 213 points, Nifty ends above 9200 ahead of IIP data release

BSE Sensex, Equity Market Update, Today's news update, Money Maker ResearchBSE Sensex rose on Tuesday closing after three successive sessions of falling as recent decliners such as IT stocks regained, but overall sentiment was cautious ahead of the beginning of the earnings season.
The BSE Sensex ended at 29,788, up 213 points, whereas the broader Nifty-50 index closed at 9,237, up 55 points.  The BSE Mid-cap and BSE Small-cap indices gained 0.4% and 1%, respectively. The overall health of the market was positive with  1,719 advancing shares and 1,154 declining shares on BSE. A total of 148 shares were unchanged.
BHEL stock went up 1.2%, Havells India up 1.99%, ABB India rose 3.05%, Bharat Electronics gained  2.32%, L&T up 1.75%), and Siemens gained 0.48%.  Infosys Ltd rose 1.55% It will release its quarter-fourth results on Thursday, 13 April 2017.
Aisa - Europe  stocks declined as tensions prevailing in the Middle East and political vagueness in Europe kept investors on edge, underling safe assets like the yen, gold and treasuries.


Monday 10 April 2017

Sensex ends 131 pts lower, Nifty below 9200

BSE, NSE, Stock Marlet closing Update
The benchmark indices settled the trading Monday on a negative note  with the BSE Sensex was going down 130.87 points at 29,575.74, while the NSE Nifty down 16.85 points at 9,181.45. About 1,764 shares rose against a fall of 1,163 shares, while 128 shares were unchanged. The BSE Mid-Cap index declined 0.08 per cent, while the BSE Small-Cap index advanced 0.63 per cent, outperforming the Sensex.
The IT stocks suffered losses on the Exchanges. Both the Sensex and Nifty hit more than seven days  low in intraday trade. Indices dipped for the third consecutive day today, 10 April 2017.
Tata Motors, Axis Bank, BPCL and IOC were top gainers, while Wipr, Infosys and Indiabulls were top losers.
IT stocks dropped in sluggish market. TCS went down 0.7%, Tech Mahindra Ltd down 0.5%, Wipro down 2.1% and HCL Technologies declined 1.89%.
Liquor stocks were lagging behind after the Madhya Pradesh Chief Minister Shivraj Singh Chouhan  had said that liquor stocks will be closed across states in a phased manner.

Friday 7 April 2017

Sensex closes down 221.73 points, Nifty Ends below 9200 on geopolitical concerns


Stock Market Tips, Equity Market Update, Daily news Update
Benchmark BSE Sensex edged lower, tracking Asian share markets as geopolitical worries grew after the U.S launched cruise missiles against an air base in Syria.
Both indices have gained near 0.8 percent on the week, and are heading for a second successive weekly gain. Telecom major Bharti Airtel and Idea Cellular rose near 2.53% and 3.35%, respectively, after their competitor Reliance Jio Infocomm,  announced that  the telecom regulator had asked it to withdraw a three-month complementary offer to subscribers.
The Nifty Realty index rose nearly  1.14% to its highest in nearly two years. Reserve bank of India on Thursday said it has allowed banks to invest in REITs and  InvITs within regulations set by the capital markets regulator.
Indiabulls Housing Finance was down 2.19%, after the company announced that it has allotted its 15th tranche of NCDs aggregating to Rs 1,000 crore on a private placement basis.
The Indian rupee strengthened to a fresh 20-month high against the USD, a day after RBI increased reverse repo rate and conveyed concerns about inflation. The rupee was trading at 64.41, up 0.20%, from previous day’s close of 64.54. It opened at 64.70 a dollar and touched a high of 64.33.

Share it