Market Mantra

Key benchmark indices were trading with small gains in early trade. At 9:17 IST, the barometer index, the S&P BSE Sensex, was up 32.43 points or 0.09% at 37,617.94. The Nifty 50 index was up 12.05 points or 0.11% at 11,389.80. Sentiment was fragile as US-China trade tensions took a renewed toll on investor appetite for risky assets.

Among secondary barometers, the BSE Mid-Cap index was up 0.35%. The BSE Small-Cap index was up 0.22%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 649 shares rose and 303 shares fell. A total of 37 shares were unchanged.

Overseas, Asia markets were mixed on Tuesday following an escalation in trade tensions between the United States and China. US stocks closed lower Monday, with the S&P 500 and the Dow snapping multi-day win streaks.

President Donald Trump will impose 10% tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25% at the end of the year, according to a Monday announcement. The White House removed about 300 goods from a previously proposed list of affected products, including smart watches, some chemicals and other products such as bicycle helmets and high chairs. Beijing has already warned that it will retaliate against the measures.

The US has already levied tariffs on $50 billion worth of Chinese products. Beijing responded with measures targeting $50 billion on American goods, raising fears about damage to the US farm industry. Earlier this month, reports suggested that the US was seeking to restart trade talks with China.

Meanwhile in the US, the New York Fed's Empire State index fell 7 points to 19 in September.

Back home, Tata Motors (down 0.73%), Wipro (down 0.55%), TCS (down 0.41%), State Bank of India (down 0.4%), IndusInd Bank (down 0.39%), Bharti Airtel (down 0.34%), Axis Bank (down 0.27%), ITC (down 0.2%) and HDFC (down 0.17%), were the major Sensex losers.

Hindustan Unilever (up 1.78%), Tata Steel (up 1.06%), Sun Pharmaceutical Industries (up 0.95%), NTPC (up 0.78%), Asian Paints (up 0.68%), Yes Bank (up 0.58%), ONGC (up 0.47%) and Mahindra & Mahindra (up 0.42%), were the major Sensex gainers.

#Rana Sugars Ltd and Bajaj Hindustan Ltd recommended to the Premium Members on last Sunday hit another buyer freeze in the NSE at Rs.5.50 and Rs.11.20 respectively, while other prescribed counters Dwarikesh Sugar Industries Ltd, Shree Renuka Sugars Ltd, and Magadh Sugar & Energy Ltd touched Rs.32.35, Rs.18.35, Rs.141.75 respectively in the NSE during intraday. What to do with the Sugar Counters? Join the Premium Service to stay ahead of others. 

#The scrip of HDIL recommended to the Premium Members on last Sunday around Rs.29, today made a high of Rs.30.65 in the NSE. With the CPI inflation hitting a low of 3.69% the rate sensitive sector is likely to do a little better in the immediate future. For targets and other news you need to join the Premium  Service. 

#Exit out of the scrip if Nitesh Estates Ltd either near the recommended price during the intraday rise, with no profit or less or with slight loss. The stock is not performing as expected. The call is closed. 

#The scrip of MOIL Ltd recommended to the Premium Members at around Rs.189, today made a high of Rs.198.90, achieving the 1st target of Rs.197. The long term investors can add the scrip on any intraday declines. Manganese Ore India Ltd (MOIL) is the single largest producer of manganese ore in the country with an annual production of 1.1 million tonnes (MT). It is one of the Navratna Companies of India.

#The government decision to merge three state-run banks came as a surprise for the three lenders but not for the market men tracking the banking sector.  Analysts were long advocating such a move, given the inadequate capital and deteriorating asset quality of smaller PSU banks.
Now, why should we buy the shares of Dena Bank Ltd even though it has hit the UC at Rs.19.10 or look for exit tomorrow at intraday highs? Among the three banks which of them looks the best for investment? Join the Premium Information Services. 

#Festive Discount Scheme is going on for the NEW subscribers of the Premium Information Services. This will continue till 31st December, 2018. However, I am now announcing special discounts for the small investors (Portfolio below Rs.1 lakhs), provided they do not FAKE their IDENTITY. 

~~Powered by Capital Market - Live News.....