Sensex, Nifty shut today on account of Maharashtra Day

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE), are shut on Tuesday on account of Maharashtra Day.

As a result, there will be no trading in the equity market. All wholesale commodity markets, including those of metals and bullion, will remain closed as well.

The foreign exchange and commodity futures markets will also not conduct any kind of trading.

Benchmark indices on Monday closed at three-month high levels, driven by gains in technology and FMCG stocks, and the HDFC twins.

Read more--Stocks update

Sensex up 150 pts, Nifty reclaims 10,750; Axis Bank, RIL fall 3%

 PC Jeweller rallied nearly 18 percent as board of directors will consider share buyback next month.

"A meeting of the board of directors of the company will be held on May 25, 2018, to consider the proposal for buy back of fully paid-up equity shares of the company," the jewellery maker said in its filing to exchanges.

The board members will also consider and approve the audited standalone and consolidated financial results for the quarter / financial year ended March 31, 2018.

They will consider recommendation of dividend on preference shares for the period from April 01, 2017 to September 01, 2017, and recommendation of dividend, if any, on equity shares for the financial year 2017-18.

Read more--Stocks update

Nifty begins May series on a strong note, Sensex up over 260 pts; IT takes a hit

 strong gain in banking names, among other sectors, ensured that the market had a good opening to the new series, with the Nifty ending just around 10,700-mark. During the course of the day, Sensex managed to hit 35,000, while the Nifty also traded above the 10,700-milestone.

The Sensex managed to clock gains of over 300 points, while the Nifty also rose around 100 points through the day. But, in the last hour, it pared some of those gains. Having said that, it has ended at a two-month high.

The Sensex was up 256.10 points at 34969.70, and the Nifty up 74.50 points or 0.70% at 10692.30. The market breadth was narrow as 1388 shares advanced, against a decline of 1227 shares, while 161 shares are unchanged.

All sectoral indices managed to end in the green, barring IT stocks, which witnessed profit booking along with an effect of a weak rupee.

Read more--Stocks update

Nifty looks to break May series jinx, starts series at 10,700; RIL crosses Rs 1K mark

Shares of Thermax gained 3.4 percent intraday Friday on the back of order win worth Rs 279 crore.

Thermax Group has received an order worth Rs 279 crore from a leading public sector fertiliser company to set up captive cogeneration plant at Trombay.

The project is for a GTG (Gas Turbine Generator) - cum - HRSG (Heat Recovery Steam Generator) based cogen plant of 50MW capacity on an EPC basis.

The indices have further advanced their gains as the Sensex has risen 300 points, while the Nifty has hit 10,700-mark. The market breadth strongly favours the advances.

Read more--Stocks update

Nifty inching towards 10,600 ahead of expiry; Wipro falls 4% post Q4 nos

The market traded mildly higher amid consolidation ahead of expiry of April derivative contracts today.

Wipro fell nearly 4 percent after disappointing fourth quarter earnings and Q1 IT services revenue guidance.

Axis Bank, Yes Bank, Biocon, SBI Life Insurance, Reliance Capital, AU Small Finance Bank among others will announce earnings today.

The 30-share BSE Sensex was up 61.16 points at 34,562.43 and the 50-share NSE Nifty rose 16.30 points to 10,586.80.

Read more--Stocks update

Sensex extends losses, Nifty below 10,600; rupee falls sharply

 Benchmark indices extended losses, with the Sensex falling 100.91 points to 34,515.73 and the Nifty declining 36 points to 10,578.40.

About 1,078 shares declined against 710 advancing shares on the BSE.

The rupee depreciated 28 paise to 66.66 against the US dollar the interbank foreign exchange due to appreciation of the greenback amid rising US bond yields and surge in global crude oil prices.

Also, a lower opening in the domestic equity market too weighed on the investor sentiment.

Read more--Stocks update

Sensex up 100 pts, Nifty nears 10,600 on Asian cues; metals melt

 Jubilant Life Sciences share price gained 3.5 percent after the company has issued commercial papers (CPs) of Rs 75 crore on April 23.

 Gati share price rallied more than 9 percent ahead of board meeting on Thursday.

"A meeting of the board of directors of the company will be held on Thursday, April 26, 2018 to review, consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company," the logistic company said in its  Coromandel International, GIC Housing Finance, HUDCO, ICICI Prudential Life, IDFC Bank, Network18 Media, Oberoi Realty, Persistent Systems, Raymond, TV18 Broadcast,

Zensar Technologies, DCM Shriram, India Grid Trust, Pioneer Distilleries, Reliance Home Finance, Sadbhav Engineering, Supreme Petrochem and Tejas Networks will announce March quarter earnings.

Read more--stocks update

ICICI Bank, Infosys, Bajaj Finance, SBI, Axis Bank, Adani Ports, Hero Motocorp and Bharti Airtel fell up to 2 percent

 Tata Sons sold over Rs 9000 crore (representing 1.6 percent of paid-up equity) worth of TCS shares in March.

Afte the stake sale, Tata Sons still holds 72 percent stake in TCS.

Falling for the sixth consecutive session, the rupee weakened by 12 paise to 66.22 against the US dollar at the interbank foreign exchange market, amid foreign capital outflows.

Forex dealers said, sustained demand for the American currency from importers and dollar strength against other currencies overseas, bolstered by rising US bond yields, weighed on the domestic unit.

Read more--Stocks update

Sensex, Nifty recover from day’s lows, thanks to IT stocks; TCS nears $100 billion market cap

Held by huge gains on technology stocks, the market on Friday managed to end a largely negative day on a flat note. Benchmark indices managed to end just below the flatline.

Gains in firms such as HDFC Bank, Kotak Mahindra Bank, TCS and Infosys helped the market hold steady.

Among sectoral indices, majority of them ended in the red, with maximum bleeding visible in Nifty PSU bank index. But Nifty IT index stood out, with gains of around 5 percent on the back of strong upmove in TCS.
Read more--Stocks update

Sensex weak, rupee breaches 66/$; TCS hits record high, oil retailers rebound

Rupee weakened by 25 paise to breach the 66-level and hit its 13-month low of 66.05 against the US dollar due to appreciation of the US currency overseas.

Increased demand for the dollar from importers also put pressure on the domestic unit.

Meanwhile, the minutes of the last meeting of the Monetary Policy Committee (MPC) indicated the Reserve Bank of India may shift to a hawkish monetary stance in June.

Dealers attributed the rupee's fall to dollar gains against other currencies overseas, persistent foreign fund outflows and a lower opening of the domestic equity market.

Read more--Stock update

Sensex up 100 pts despite Brent crude hits $74/bbl; Metal index up 2%

The market traded higher despite the sharp upmove in crude oil prices, following positive lead from global peers. Investors closely monitor March quarter earnings to get further market direction.

The Sensex was up around 100 points and the Nifty was gradually inching towards 10,600 levels.

All sectoral indices were in the green, with the Nifty Metal index rising more than 2 percent while Media index continued its upmove, up another 1 percent.

Brent crude oil futures hit USD 74 a barrel after a decline in US crude inventories and top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.

Read more-- Stocks update

stocks which are available at reasonable valuations

Equity investors are always on a look out of stocks which offers growth and at the same time available at reasonable valuations which makes them attractive ‘buy on dips’ stock.

Morgan Stanley in its report released earlier in the month of April handpicked over 10 stocks which are available at reasonable valuations. For computing these stocks, the global investment bank filtered stocks using parameters such as beta, future growth rate, and Return on capital.

Read more--stocks update

stocks which can give up to 11% return

Indian markets have risen for eight sessions on the trot to close above 10,500 levels, first time after February 27, 2018. These have been small moves. This slow movement up will not force the bears to cover their shorts like the toad in gradually warming water and is likely to boil them alive.

From the bottom of 9,951, Nifty has recovered more than 550 points, to close at 10,528 level on Monday. During the last week, Nifty has also surpassed the big hurdle of its 50-DMA and 100-DMA, placed at 10,400 and 10,450 respectively.Stocks which give 11% return.

Read more-- Stocks update

Sensex, Nifty erase opening gains as investors

 The rupee fell 4 paise to 65.53 against the dollar at the interbank forex market.

Yesterday, the rupee had fell by 29 paise, or 0.44 per cent, to close at a six-month low of 65.49 against the US currency on widening trade deficit concerns amid heightened geopolitical worries.

 Benchmark indices erased opening gains amid consolidation, as investors digested normal monsoon forecast and look for corporate earnings.

The 30-share BSE Sensex was down 2.48 points at 34,302.95 and the 50-share NSE Nifty fell 2.20 points to 10,526.20.

Read more-- Sensex update

Sensex ends with higher point

Key equity indices Nifty50 and Sensex extended their gains for the eighth consecutive session on Monday, the longest winning streak since November 2017, buoyed by gains in the select bank, financial, FMCG, IT and auto stocks. 

Read more--Sensex point

Stock market: Sensex, Nifty50 edge lower amid intensifying US-China trade war

The domestic equity market on Friday opened on a cautious note before entering negative territory as trade war fears resurfaced. At 09.40 am, the S&P Sensex was trading 81.20 points higher at 33,515.60 with Adani Ports (up 2 per cent) being the top gainer and Tata SteelNSE -0.80 % (down 1 per cent) the worst laggard. The broader Nifty50 index was trading 32 points lower at 10,292, with 29 components in the green and 21 in the red.  Read More

Investors should be watching India’s shoppers, Axis mutual fund says

From branded underwear to passenger cars, consumer goods are India’s best stock market bets. And they’re ones you can make money in even when the shares aren’t cheap. 

That’s the view of Axis Mutual Fund in Mumbai, whose long-term equity portfolio holds 26 per cent in consumer discretionary and staples companies, together the second largest holding after financials. The fund posted average annual returns of 24 per cent over five years, beating 96 per cent of peers. 

"If you want to play India, you need to invest in stories that are directly linked to consumer spending in some form,” Jinesh Gopani, who as head of equities at Axis Asset Management Co. helps oversees about $5.1 billion, said in a recent interview. “In that parlance, even retail-focused banks and select non-bank finance companies are a part of the consumer sector for us.” Read More

Vedanta climbs 3% on SC order on extracted iron ore

Shares of VedantaBSE 4.52 % climbed 3 per cent in Thurdsay's trade after the Supreme Court allowed the company, among others, to transport royalty-paid iron ore extracted and lying on jetties in Goa on or before March 15. 

The apex court had in February quashed the second renewal of 88 iron ore mining leases in Goa in 2015 and had asked the firms to stop all mining operations from March 16 until fresh mining leases and environmental clearances were granted to them, PTI noted. 

Following the announcement, the stock rose 3.29 per cent to Rs 283.30 on BSE. 

Read More:-

Stock market: Sensex surges over 350 pts, Nifty50 above 10,250

Benchmark indices made a spectacular comeback on thursday after banking stocks ralled on RBI's decision to ease provisioning norms. Besides, ebbing of trade war concern and positive global cues too added to the sentment. At 09.20am, the S&P BSE Sensex was trading 369.35 points higher, All 30 stocks in the index were trading in the green with Tata Motors BSE 2.60% (up 2 per cent) being the too performer. Read More

Oil inches lower on expectations for US crude stock build

Oil prices slipped on Wednesday on expectations for a build-up in US crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts braked steeper declines. 

US WTI crude futures were at $63.36 a barrel at 0208 GMT, down 15 cents, or 0.24 per cent, from their previous settlement. 

"With the change in prices being only a few cents, I think the oil market is waiting for the next development and of course the US inventories data due tonight (Wednesday) is very good reason for traders to be waiting," said Michael McCarthy, Chief Market Strategist at brokerage CMC Markets. Read More

Market Now: ICICI Bank, RIL among most active stocks in terms of value

Tata Motors BSE 4.72 % (Rs  266.68 crore), ICICI Bank BSE 0.63 % (Rs 223.90 crore) and Reliance Industries BSE 0.90 % (Rs 180.70 crore) were among the most active stocks in terms of value on NSE in morning trade on Wednesday. 

Stocks such as Tata Steel (Rs 159.49 crore), Maruti Suzuki (Rs 132.83 crore), Tata Consultancy Services (Rs 93.23 crore), Ashok Leyland (Rs 69.59 crore), YES Bank BSE 1.97 % (Rs 68.30 crore), HDFC (Rs 67.50 crore), State Bank of India (Rs 65.86 crore), Indiabulls Housing Finance (Rs 59.12 crore) and Hindalco Industries (Rs 56.25 crore) also joined the bandwagon of most active stocks in terms of value on NSE on Wednesday. 

Read More

Agri-commodities: Mentha oil, jeera jump on robust demand

Cardamom prices drifted lower by 0.56 per cent to Rs 1,042 per kg in futures trade today as investors exited positions amid easing demand in the spot market. 

At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 5.90, or 0.56 per cent to Rs 1,042 per kg in business turnover of 6 lots. 

Traders said offloading of positions by participants on the back of decline in demand in the physical market against adequate stocks position on higher supplies from producing belts mainly weighed on cardamom prices at futures trade. 

Read More:-

These 228 stocks may be gearing up for a big rally, show MACD charts

Confused to take an investment call? Fret not, help is at hand. The MACD chart can at least show you the way. 

The bulls had a rollicking day yesterday, with benchmarks rallying up to 1 per cent. The BSE Sensex added 287 points, or 0.87 per cent at 33,255. The Nifty added 98 points, or 0.97 per cent, to shut shop at 10,212. Of the 50 scrips on the NSE index, 39 ended in the green. 

The chart reflected the mood. The momentum indicator moving average convergence divergence, more popularly known as MACD, signal led upward crossovers for 228 stocks on the NSE. 

Read More:-

Gold Rate Today: Gold, silver trade in the green on firm global cues

Precious metals gold and silver were trading in the green in the morning trade on Monday, tracking firm global cues. 

MCX Gold futures were trading 0.43 per cent, or Rs 132, higher at Rs 30,540 per 10 grams at 11 am (IST), while MCX Silver futures were up 0.37 per cent, or Rs 143, at Rs 38,465 per 1 kg at the same time. 


Read More 

Axis Bank down 2% amid CEO's term review buzz

Axis BankBSE -1.72 % fell over 2 per cent on Monday after the Reserve Bank of India asked the lender's board to reconsider the fourth three-year term it handed to CEO Shikha Sharma last year. 

Those aware of the development told ET that the regulator addressed the letter to Axis Bank Chairman Sanjiv Misra and listed out the reasons for a review. These included the bank’s performance and its deteriorating asset quality, they said, adding that the board is now considering a one-year term for Sharma, during which it will look for a successor. 

Sharma, who took charge in 2009, is in her third term as the bank chief, with the fourth set to begin in June. The RBI did not reply to ET’s queries. 
Read More:- 

Stock market: Sensex gains over 100 points Nifty50 above 10 150

The Domestic equity market started the new financial year 2018-19 on a positive note on Monday. The S&P BSE Sensex reclaimed 33000 level to trade at 33,030, up 62 points. NSE Nifty was trading 38 points higher at 10,151. Asian stock began the new quarter with mild gains following a strong performance by global equities last week, while the dollar held steady ahead of key economic. Read More