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Market Pulse The stock market continued to trade with modest losses in mid-morning trade. At 11:19 IST, the barometer index, the S&P BSE Sensex, fell 191.06 points or 0.58% at 32,983.33. The Nifty 50 index dropped 57.65 points or 0.57% at 10,126.50. The Sensex was trading below 33,000 level after falling below that level in intraday trade. Weakness in global stocks weighed on sentiment on the domestic bourses. Key telecom stocks dropped. Cement stocks fell. Key indices started the session on a negative note amid weakness in global stocks. Indices extended losses in morning trade and traded with modest losses in mid-morning trade. Among secondary indices, the S&P BSE Mid-Cap index fell 0.18%. The S&P BSE Small-Cap index declined 0.49%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, was weak. On the BSE, 1,422 shares declined and 761 shares advanced. A total of 147 shares were unchanged. Key telecom...

WINNING STROKES #The stock of Reliance Infrastructure Ltd which was recommended yesterday at around Rs.422, reached the 1st target of Rs.437 (intraday high of Rs.437.55) before closing at Rs.431.60 in the NSE. If the market remains buoyant tomorrow then we can look for targets of Rs.441-447-452 tomorrow. The company has an order book of more than Rs.5000 and is on the verge of becoming debt free. #The scrip of Inox Wind Ltd recommended today at around Rs.108, made an intraday high of Rs.113.45, before closing at Rs.111.25 up 2.72%. According to some analysts after receiving a shock post budget, the wind energy sector is likely to stabilise in 2018 and fully recover in 2019. Therefore, try to sit on the train before it is too late. #The share of P C Jewellers Ltd today made an intraday high of Rs.331.90 before closing at Rs.323.65. Those who have bought the share at higher price can average at the current levels, for targets of Rs.337-341. #The stock of Steel Autho...

Market Pulse Key benchmark indices traded with modest gains in mid-afternoon trade tracking firmness in European stocks. At 3.26 pm the Sensex was seen trading 33,204.64 up 138.23 points or 0.42% while the Nifty was trading at 10,184.55 up 53.90 or 0.53%. Market sentiment remained positive on strong global cues amid reports of trade negotiations between the United States and China, which eased fears of a trade war and improved investors' risk appetite. Key indices opened the session on a higher note on positive global stocks. Indices trimmed gains in morning trade and hovered with small gains in mid-morning trade. Indices hit intraday lows in early afternoon trade before recovering some intraday gains and trading range bound in mid-afternoon trade. Among secondary indices, the S&P BSE Mid-Cap index advanced 1.18%. The S&P BSE Small-Cap index gained 1.47%. Both these indices outperformed the Sensex. Overseas, European and Asian stocks advanced after Wall ...

Winning Strokes Photos : Colossos The Indian bourses got support at around near 9981, as mentioned to the Premium Members during the market hours yesterday. The pullback rally made the Nifty gain by 132.60 points or 1.33%. The Nifty is likely to get some resistance near 200-DMA, but the short term trend remains bullish.   The stock of Reliance Infrastructure Ltd  which was recommended around Rs.422 yesterday, moved to Rs.429.15 in the NSE before closing at Rs.424.80. Today, if the market remains buoyant, then we could see Rs.433-437 - 441-447 levels.  The scrip of MCX Ltd (Rs.688.75) moved to Rs.698, after it was recommended around Rs.681, to the Premium Members. The company is likely to launch two more products in April 2018. In an interview to CNBC-TV18, Mrugank M Paranjape, MD & CEO of Multi Commodity Exchange of India (MCX) said that  the exchange is witnessing positive increase in volume in the 45-50 days of Q4. In January, this year ...

Market Pulse Key benchmark indices hovered with small losses in morning trade after a volatile start. At 10:18 IST, the barometer index, the S&P BSE Sensex, fell 30.97 points or 0.1% at 32,565.57. The Nifty 50 index dropped 23.85 points or 0.24% at 9,974.20. Market sentiment remained subdued amid fears of global trade war. The S&P BSE Mid-Cap index fell 0.22%. The S&P BSE Small-Cap index dropped 0.27%. Both these indices underperformed the Sensex. Overseas, Asian stocks edged lower amid fears that rising tensions between the United States and China could lead to a full-blown trade war. US stocks fell sharply on Friday, 23 March 2018 as investors assessed the possibility of a trade war brewing between the US and China. Meanwhile, reports suggested that China and the US have quietly started negotiating to improve US access to Chinese markets, after a week filled with harsh words from both sides over Washington's threat to use tariffs to address trade im...

Market Pulse The market trimmed gains in early afternoon trade as profit booking emerged at higher levels. The Sensex is now trading above the psychological 33,000 mark. Positive trend in other Asian indices boosted sentiment in domestic market. Cement and telecom shares rose. The market hit fresh intraday high in mid-morning trade after opening in positive terrain. Key indices trimmed gains in early afternoon trade. The Sensex rose 358.17 points, or 1.09% at the day's high of 33,354.93 in mid-morning trade, its highest level since 16 March 2018. The index rose 94.06 points, or 0.29% at the day's low of 33,090.82 in early trade. The Nifty rose 102.95 points, or 1.02% at the day's high of 10,227.30 in mid-morning trade, its highest level since 16 March 2018. The index rose 48.85 points, or 0.48% at the day's low of 10,173.20 in early trade in early trade. Among secondary barometers, the BSE Mid-Cap index was up 0.80%. The BSE Small-Cap index was up 0.79%. B...

Pre-Session : Shares may open lower on weak global cues 20-Mar-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 27 points at the opening bell on weak global cues. Overseas, Asian shares declined as investors braced for new Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day. Investors also have been worrying this month about a potential global trade war, triggered by the Trump administration moving ahead with tariffs on foreign steel and aluminum. US stocks finished sharply lower Monday as concerns about Facebook Inc.'s management of user data sparked a selloff in technology shares. Investors also lightened their positions ahead of the Fed's policy meeting. The US Federal Reserve's two-day monetary policy meeting is scheduled on March 20-21. Strengthening labor market and a steady increase in price pressures could pave the way for the Federal Reserve to raise int...

WINNING STROKES Photo : Financial Express The stock market declined on a broad-based selling pressure. The barometer index, the S&P BSE Sensex, fell 252.88 points or 0.76% to settle at 32,923.12. The Nifty 50 index dropped 100.90 points or 0.99% to settle at 10,094.25. The Sensex settled below the psychological 33,000 level after slipping below that level in intraday trade. The Sensex fell for the fifth straight session while the Nifty declined for the fourth straight trading session. Both the Sensex, and the Nifty, hit lowest closing level in more than 12 weeks. Metal and bank shares witnessed selling pressure. Drug major Lupin advanced after the company received approval from the US drug regulator for a generic drug indicated for the treatment of plaque psoriasis in patients 18 years of age or older. Weak global cues ahead of the US Federal Reserve's policy decision later in the week influenced trading sentiment on the domestic bourses. A sharp widening of Ind...

Market Pulse 16-Mar-18: Fresh selling in index pivotals pulled the key benchmark indices to intraday low in early afternoon trade. At 12:30 IST, the barometer index, the S&P BSE Sensex, was down 276.96 points or 0.82% at 33,408.58. The Nifty 50 index was down 87.50 points or 0.84% at 10,272.65. Index heavyweights Reliance Industries (RIL), HDFC and ITC dropped. Metal and mining stocks declined. Trading for the day began on a dull note as the key benchmark indices edged lower in early trade on negative Asian stocks. Stocks extended fall in morning trade. Key benchmark indices hovered near day's low in mid-morning trade. The S&P BSE Mid-Cap index was down 0.27%. The S&P BSE Small-Cap index was down 0.13%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, turned negative from positive in early afternoon trade. On the BSE, 1,398 shares declined and 1,053 shares rose. A total of 142 shares were un...

Pre-Session : Market may open lower 16-Mar-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 39 points at the opening bell. Overseas, Asian stocks fell as weak volumes in the US session overnight gave little impetus for traders ahead of next week's Federal Reserve meeting. US stocks ended mixed yesterday, 15 March 2018 as industrial and tech gains were offset by losses in the consumer and energy sector. Back home, key benchmark indices registered modest losses in a volatile session of trade yesterday, 15 March 2018. The barometer index, the S&P BSE Sensex fell 150.20 points or 0.44% to settle at 33,685.54. The Nifty 50 index declined 50.75 points or 0.49% to settle at 10,360.15. The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 705.40 crore yesterday, 15 March 2018, as per provisional data released by the stock exchanges. Domestic institutional in...

Winning Strokes Yesterday, among secondary indices, the S&P BSE Mid-Cap index rose 0.49%. The S&P BSE Small-Cap index advanced 0.8%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, was strong. On the BSE, 1,640 shares advanced and 1,045 shares declined. A total of 162 shares were unchanged. The total turnover on BSE amounted to Rs.5279.72 crore, higher than the turnover of Rs.3388.04 crore registered during the previous trading session. Meanwhile, the Indian economy is set to revert to its trend growth rate of 7.5% in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a World Bank report released on 14 March 2018 showed. India's GDP growth is projected to reach 6.7% in 2017-18 and accelerate to 7.3% and 7.5% in 2018-19 and 2019-20 respectively. While services will continue to remain the main driver of economic growth; industrial activity is poised to grow,...

Market Pulse Key benchmark indices made a partial recovery in afternoon trade after hitting intraday lows in early afternoon trade. At  2.18 IST, the BSE Sensex was trading at 33,706.76 down 150.02 points or 0.44%, while the Nifty was seen at 10,367.30 down 59.55 points or 0.57%. The market sentiment was impacted after the Reserve Bank of India (RBI) banned letters of undertaking (LoUs) for seeking overseas loans. Negative Asian stocks also weighed on the sentiment on the domestic bourses. Domestic stocks began trading on a subdued note on negative Asian stocks. Key benchmark indices hovered in negative zone in morning trade. Indices extended fall and hit fresh intraday lows in early afternoon trade. The S&P BSE Mid-Cap index was up 0.04%. The S&P BSE Small-Cap index declined 0.15%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, was negative. On the BSE, 1,464 shares declined and 1,038 shares advan...

Market Pulse Key benchmark indices hovered in positive zone in early afternoon trade.  At 13:35 IST, the barometer index, the S&P BSE Sensex, was  seen trading at 33,999.86 up 81.92 points or 0.24% while the NSE was seen at 10,455.15 up 33.75 or 0.32%. The Sensex was trading below the 34,000 level after hitting an intraday high above that level in morning trade. Domestic macroeconomic data released after market hours yesterday, 12 March 2018, signalling an economic turnaround boosted the sentiment. IT stocks declined as the rupee firmed against the dollar. Metal and mining stocks rose. Aviation stocks rose. Volatility struck bourses in early trade as the key benchmark indices turned positive soon after an initial decline triggered by subdued Asian stocks. Stocks extended gains and hit fresh intraday high in morning trade. Key benchmark indices trimmed some gains in mid-morning trade. The S&P BSE Mid-Cap index was up 1.02%. The S&P BSE Smal...

Pre-Session: Market may open lower 13-Mar-18:  Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18 points at the opening bell. Domestic stocks will react to macro data released after market hours yesterday, 12 March 2018, signalling an economic turnaround. On the macro front, India's industrial production continued to record a strong growth for the third straight month at 7.5% in January 2018 from 7.1% growth in December 2017. The manufacturing sector's production surged 8.7% in January 2018, supporting overall growth in industrial production. The mining output growth slowed down to 0.1% in January 2018, while the electricity generation growth accelerated to five-month high of 7.6% in January 2018, contributing to the improvement in overall industrial production growth in January 2018. The all-India general CPI inflation dipped to four-month low of 4.44% in February 2018, compared with 5.07% in January 2018. The c...

Market Pulse :   IT stocks advance The stock market continued to trade with modest gains in mid-morning trade on positive global cues.  At 11:15 IST, the barometer index, the S&P BSE Sensex, rose 97.19 points or 0.29% at 33,448.76. The Nifty 50 index advanced 37.10 points or 0.36% at 10,279.75.  Global stocks gained as fears of trade wars appear to subside after US President Donald Trump implemented steel and aluminum import tariffs that excluded Canada and Mexico. Key indices started the session on a positive note on firm global cues. Indices extended gains in morning trade. The indices trimmed some intraday gains in mid-morning trade. Among secondary indices, the S&P BSE Mid-Cap index advanced 0.18%, underperforming the Sensex. The S&P BSE Small-Cap index rose 0.41%, outperforming the Sensex. The breadth, indicating the overall health of the market, was positive. On the BSE, 1,351 shares advanced and 905 shares declined. A total of ...