P

P

LORD JESUS CHRIST SAYS

and whoever wants to be first must be slave of all. For even the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many.”

19 Feb 2016

STOCK MARKET- SENSEX,NIFTY POST BEST WEEKLY GAIN SINCE OCTOBER.



The Sensex and Nifty ended Friday's lacklustre trading session marginally higher on the back of buying in heavyweights like ICICI Bank, State Bank of India, Reliance Industries and Hero MotoCorp.
This week's gains were the best weekly gains posted by the benchmark indices since October 2015.
For the most part of the day, the Sensex and Nifty traded on a subdued note tracking losses in other Asian markets and selling in oil & gas, FMCG, capital goods and metal stocks. However, a spurt in the late noon deals pulled the benchmark indices out of the negative territory.
From the Nifty-50 basket of stocks, 32 stocks advanced while 18 stocks declined.
Punjab National Bank was the top Nifty gainer; the stock closed 5 per cent higher at Rs 76.15. Hero MotoCorp, Bosch, State Bank of India, Tech Mahindra, Asian Paints, Bajaj Auto and NTPC were also among the gainers.
On the other hand, BPCL, Maruti Suziki, BHEL, Coal India, Vedanta and Dr Reddy's Labs were among the laggards.
The broader markets also ended on a subdued note.
The overall market breadth was neutral as 1,300 stocks were advancing while 1,207 stocks were declining.
The Sensex finally closed 60 points higher at 23,709 and Nifty advanced 19 points to settle at 7,211.
For the week, the Sensex advanced 3.14 per cent and the Nifty jumped 3.29 per cent.
3:10 p.m.: Oil & gas shares continued to witness the selling pressure. The BSE oil & gas index was down 0.95 per cent; HPCL, BPCL, Indian Oil and Cairn India were among the losers.
3:01 p.m.: Mid-cap and small-cap stocks continued to trade on a muted note. The BSE mid-cap index was down 0.12 per cent and the small-cap index was up 0.16 per cent.
2:46 p.m.: Most of the indices which were trading in the red recovered from intraday lows. Banking, auto, power, IT and FMCG indices were up 0.15-0.78 per cent each.
2:40 p.m.: Punjab National Bank was the top gainer in the Nifty, up 5.45 per cent to Rs 76.40. State Bank of India, Hero MotoCorp, NTPC, ICICI Bank and Bosch also gained 2-3 per cent each.
2:36 p.m.: The stock markets advanced in the late noon deals on the back of broad-based buying. The Sensex rose 106 points to 23,755 and the Nifty added 28 points to 7,219.
1:55 p.m.: There does not seem to be any optimism given the state of global markets and do not expect a big pre-budget rally: Shankar Sharma of First Global.
1:48 p.m.: Post budget there will be a big selloff in Indian markets given the fact that the budget will focus on rural economy and markets don't like budgets which focus on rural economy, says Shankar Sharma of First Global.
1:44 p.m.: Shankar Sharma of First Global , says we are in a bear market in India.
1:40 p.m.: BSE FMCG index was down 0.6 per cent; Britannia Industries, ITC, Hindustan Uniliver, Dabur, Shree Renuka Sugars and Jyothy Labs were among the losers.
1:24 p.m.: Stock markets continued to trade on a weak note. The Sensex was down 73 points at 23,575 and Nifty declined 25 points to 7,166.
1:12 p.m.: United Spirits shares surged as much as 5 per cent to hit intraday high of Rs 2,383 after Credit Suisse upgraded United Spirits to outperform from neutral for target price of Rs 2,800. Credit Suisse says that Diageo could potentially raise its stake in USL and re-launch of Royal Challenge whisky has been a huge success. 
1:00 p.m.: Sadbhav Engineering, BHEL, Thermax, Laxmi Machine Works, Bharat Electricals, Alstom T&D and Kalapatru Power were among the losers from the capital goods space, down 1.3-3.65 per cent each.
12:50 p.m.: Capital goods and metal indices fell 0.7 per cent each. Vedanta was the top loser from the metals space, up 3.2 per cent to Rs 73.35. Hindustan Zinc, Hindalco and Tata Steel were also among the losers from this space.
12:41 p.m.: Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy.
Europe also looks set for a lacklustre start, with financial spreadbetters predicting Britain's FTSE 100 and Germany's DAX will open little changed.
12:30 p.m.: Nifty 7,200 strike price call option was the most active options contracts on the National Stock Exchange. The premium on the contract fell 11 per cent to Rs 54.65. As many as 10,097 contracts were added to the open interest of 64,809 contracts.
12:02 p.m.: Oil & gas stocks were witnessing the heat of selling pressure. The BSE oil & gas index was down1.3 per cent; HPCL, BPCL, Indian Oil, Oil India, Castrol India and Cairn India were among the top losers, down 1.3-3.8 per cent each.
11:55 a.m.: Market breadth continues to remain neutral as 1,032 stocks were declining while 1,050 stocks were advancing on the Bombay Stock Exchange.
11:35 a.m.: The Sensex was trading 19 points higher at 23,668 and Nifty advanced 4 points to 7,196.
11:22 a.m.: HDIL, IndiaBulls Real Estate, DLF, Phoenix Mills, Mahindra Life Space Developers and Oberoi Realty were among the gainers from the real estate space.
11:18 a.m.: Select power, realty, auto, capital goods, consumer durables and technology stocks were witnessing buying interest. 
10:45 a.m.: Jet Airways shares jumped over 4.5 per cent on Friday, outperforming the broader markets. The buying in Jet Airways - India's second largest carrier by market share - comes amid speculation that Abu Dhabi-based Etihad Airways may increase its stake in the domestic carrier, traders said.(Read)

10:40 a.m.: 
10:40 a.m.: The Bank Nifty was trading on a flat note, down 0.08 per cent. Punjab National Bank was the top gainer, up 2.2 per cent to Rs 74.05. Federal Bank, State Bank of India, ICICI Bank, Bank of Baroda and Bank of India were also 0.7-1.8 per cent each.
10:30 a.m.: Torrent Power, Allahabad Bank, Union Bank of India, Oriental Bank of Commerce, Glenmark, NALCO, IDBI Bank and Tata Global Beverages were among the gainers from the mid-cap space.
10:23 a.m.: SpiceJet shares advanced as much as 6 per cent to hit intraday high of Rs 69.70 after the report suggested that the budget carrier had highest seat occupancy rate of 92.1 per cent in its aircraft in the month of January.
10:13 a.m.: The market breadth was neutral as 844 stocks were advancing while 789 were declining.
10:05 a.m.: Bharat Heavy Electricals Ltd (BHEL) was the top Nifty loser on Friday, with shares in the power equipment maker falling nearly 5 per cent to a new 52-week low.
BHEL underperformed the Nifty, which traded flat, and also the capital goods sub-index on the Bombay Stock Exchange, which was down 0.5 per cent in morning trade.(Read)

9:51 a.m.: 
9:51 a.m.: Select auto, IT, realty and banking stocks were witnessing buying interest. From the auto space, Amara Raja Batteries was the top gainer, up 2.12 per cent. Bosch, Bajaj Auto, Mahindra & Mahindra, Hero MotoCorp and Bharat Forge were also among the gainers.
9:45 a.m.: UBS has maintained its 'sell' call on BHEL and has reduced target price to Rs 70 from Rs 115 per share. UBS says EBITDA break-even unlikely by FY'20 and BHEL is likely to report losses till FY'18. (Read)
9:30 a.m.: Broader markets were also facing a heat of mil selling. The BSE mid-cap index slipped 0.28 per cent and the small-cap index declined 0.13 per cent. From the mid-cap space, HPCL was the top loser, down 2.14 per cent. Indian Hotels, Mphasis, JSW Energy, J P Associates, Castrol India and Bajaj Finserv were also among the losers, down 1.3-1.8 per cent each.
9:25 a.m.: The Sensex fell over 100 points and the 50-share Nifty slipped below its crucial psychological level of 7,150 in the opening deals on Friday on the back of profit-booking amid weak global cues.
In the last two trading sessions, the benchmark Sensex surged over 450 points triggering a bout of profit-booking in trades today.
Meanwhile, selling pressure was visible across the sectors. Metal, capital goods, PSU banking, oil & gas and auto indices were down 0.35-1.25 per cent each.
From the Nifty-50 basket of stocks, 36 stocks were declining while onle 14 were advancing.
Vedanta, BHEL, Cairn India, Coal India, Hindalco, Axis Bank, Idea Cellular and Maruti Suzuki were among the top losers, down 1-2.7 per cent.
On the other hand, Punjab National Bank was the top gainer, the stock advanced 0.97 per cent to Rs 73.15 after reports suggested that Punjab National Bank (PNB) is weighing options of diluting stake in some of its subsidiaries and selling off real estate assets.
Wipro, Tech Mahindra, Cipla, Reliance Industries and UltraTech Cement were also among the gainers.
8:10 a.m.: The Sensex and Nifty are likely to open on a weak note in trades on Friday tracking subdued global cues and losses in the Nifty futures traded on the Singapore Stock Exchange.
The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.3 per cent or 20 points at 7,162.
Meanwhile, Asian shares slipped from near three-week highs hit earlier this month on Friday, as a rally in oil prices paused and investors remained cautious about the outlook of the global economy.
Oil prices dipped on Thursday following a rise in U.S. stockpiles but look set to post their first gains in three weeks after the battered market took heart from a tentative deal by major producers to freeze output at January's highs.
Japan's Nikkei fell 2.2 per cent, Hong Kong's Hang Seng declined 0.56 per cent and China's Shanghai Composite was down 0.04 per cent.
Overnight, Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lacklustre earnings report and oil prices pulled back.
Eight of the 10 major S&P sectors finished negative, led by a 0.9 per cent decline in energy, which had helped drive the recent rally.
The Dow Jones industrial average fell 40.4 points, or 0.25 per cent, to 16,413.43, the S&P 500 lost 8.99 points, or 0.47 per cent, to 1,917.83 and the Nasdaq Composite dropped 46.53 points, or 1.03 per cent, to 4,487.54.
Back home, foreign institutional investors bought shares worth Rs 418.64 crore and the domestic institutional investors bought shares worth Rs 712.12 crore on Thursday.
 

No comments:

Post a Comment