MARKET WRAP UP 01/Mar/2019

The market snapped its three-day losing streak and closed half a percent higher, but the broader markets staged smart show on strong breadth.

The 30-share BSE Sensex rallied 196.37 points to 36,063.81 and the Nifty50 gained 71 points at 10,863.50.

About three shares advanced for every share falling on the BSE.

IndusInd Bank, ICICI Bank, HDFC, L&T and Infosys were leading contributors while Bharti Airtel, Axis Bank, UPL and Bajaj Auto were under pressure.

Among broader space, TVS Motor Company, Jet Airways, NALCO, Union Bank, Vijaya Bank, SAIL, RCF, Wockhardt, Dish TV, Meghmani Organics and OBC rallied 4-11 percent.

Marico, Motherson Sumi and Havells India were under pressure.

HEADLINES OF THE DAY

Nifty Midcap index has bounced from long term 200 weeks EMA which was held on multiple occasions off 2008. Since its inception in 2004, corrective cycles in Nifty Mid cap and Small cap indices have not lasted for more than 14 months, which makes us believe both indices have approached maturity of price-wise and time-wise correction

NCC has received five new orders totaling to Rs 4,088 crore (exclusive of GST) in the month of February, 2019. 

ABB India CY18 Earnings :- Profit grew by 12.73 percent year-on-year to Rs 254.2 crore and revenue increased 6.4 percent to Rs 6,690.12 crore in full year 2018.

The crucial resistance for Nifty spot is now seen at 10940 and above this 11120 Support for the immediate term is now placed at 10720 next support will be 10620.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

Read More

MARKET WRAP UP By CapitalStars 14/Feb/2019

Benchmark indices continued their downtrend momentum on Thursday with Nifty finished below 10,750 level.

At the close, the Sensex was down 157.89 points at 35876.22, while Nifty was down 47.70 points at 10746. About 1167 shares have advanced, 1344 shares declined, and 121 shares are unchanged. 

Yes Bank, Indiabulls Housing, Zee Entertainment, JSW Steel and Tata Motors were the top gainers, while IOC, BPCL, Hindalco, Bharti Airtel and Gail among major losers on the Nifty.

Among sectors, energy, IT and metal stocks witnessed selling pressure, while some buying interest seen in auto, bank, infra and pharma sectors.

HEADLINES OF THE DAY

Ashok Leyland Q3 result: Net Profit falls 22% at Rs 380.8 crore, revenue down 12% at Rs 6,325 crore.

Sun Pharma's promoter releases pledge on 1.1 crore shares from February 7-11

HDIL Q3 result: Consolidated net profit at Rs 19.7 crore, revenue at Rs 222 crore, while EBITDA down 20% at Rs 97 crore.

Larsen & Toubro lnfotech announced acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore).

L&T wins order: The construction arm of L&T has won orders across its power transmission & distribution (PT&D) business and water & effluent treatment business.

The crucial resistance for Nifty spot is now seen at 10890 and above this 10930 Support for the immediate term is now placed at 10680 next support will be 10570.

Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

 

For more details call on 9977499927 or visit our website www.capitalstars.com

Read More