Tuesday 9 May 2017

Sensex closed above 29,900, Nifty above 9300; Metal Stocks lead

The benchmark BSE Sensex closed flat on Tuesday since investors booked profits with the largest outperformers like ACC Ltd, Ambuja Cements while banks removed gains from the previous session’s rally. Caution also surrounded ahead of the quarterly earnings announcement, with Bharti Airtel later in the day. Asian shares were passive as investors looking forward to the next catalyst after France’s presidential election.  
BSE Sensex closed higher 7.10 points at 29,933.25 while  NSE Nifty closed higher by 2.8 points at 9316.85 on closing.   Both the  Nifty and Sensex were trading flat all through the day. Indiabulls Housing Finance, Hero Motocorp and Lupin Ltd were the major contributors to Nifty losses.  BSE Midcap closed higher by 0.19% at 14,821, and  Small-cap closed higher by 0.53% at 15,544.
 The companies which announced their financial earnings today were Syndicate bank, Dena Bank,  Vijaya Bank,  SREI Infrastructure Finance and Godrej Consumer Products, among others.
The stocks of metal sector Tata Steel, Vedanta Ltd, Hindalco  and Jindal Steel were sizzling on the Exchanges. The realty stocks like DLF, HDIL and Unitech were trading in positive terrain all though the day.
Tech Mahindra, Axis Bank, Wipro, IOC and Adani Ports were the top Nifty gainers of the day, while  Wipro, GAIL, Tata Motors, M&M and Bajaj Auto were the top Sensex gainers.


Monday 8 May 2017

Sensex up 67 points, Nifty above 9300; Realty Stocks up 4.20%

Benchmark indices on Monday ended on a positive note with the Sensex rising up 67 points at 29,926.15, while the NSE Nifty-50 Index was up 28 points at 9,314.05
 
The broader BSE Midcap and the BSE Smallcap indices outperformed, gaining 0.5% and 0.7%, respectively. The market breadth was positive with 946 shares advanced while 603 shares declined and 82 shares unchanged.
 
Lupin, Bharti Airtel, BHEL, Asian Paints, and ICICI Bank were top gainers, while ITC, HDFC, Bajaj Auto, Larsen, and Adani Ports were the losers in the Sensex. The Bank Nifty closed higher by 0.72 percent at 22767.35.

Friday 5 May 2017

Sensex down 267 points, Nifty 0.80% lower on profit booking

Money Maker Research, Investment Advisory, BSE, NSE
The  NSE Nifty hit a record high on Friday early trade, but reversed course to trade lower amid weak Asian markets, due to  a drop in crude prices. On closing, BSE Sensex marked  lower by 267.41 points, or 0.89%, to 29,859, while the NSE Nifty 50 fell 75 points, or 0.80%, to 9,285.30.
The Nifty PSU bank index advanced  2.35% to its highest since 4 March 2015, with SBI  jumping more than % and Canara Bank gaining around 7%. PSU Bank stocks trading higher in the morning hours and were trading close to its 52-week high. The Canara Bank from the PSU Bank stocks was the lead  performer today, touching  intraday high of Rs. 416 per share.
Indian oil explorers fell on weak crude oil prices, with ONGC and Oil India going down more than 2% each. Oil refiners and airlines stocks advanced with IOC climbing 2.1%. while Spice jet was up 8.4%.
Asian stocks registered a mixed trend. U.S stocks closed almost flat yesterday, 4 May 2017, since energy stocks put a lid on the broader market despite slide in crude oil prices.

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