SumanSpeaks: The Information Super Highway

Winning Strokes : Think Different The dark clouds have been hovering over the markets since the last few days, due to the reasons mentioned in my last post. Today the BSE closed at 36,227.14 down 97.03 or 0.27% while the NSE ended the day at 10,930.45 down 47.10 points or 0.43%.  Metal, Small cap, Auto and Realty stocks were biggest draggers today (Index declined 5% each). Nifty has been treading a southward path since the last few week and this month the decline was a whooping 7% decline, worst since the Lehman Brothers' crash in 2008. IL&FS's debt payment  crisis, and Brent crude's price hike are some of the major reasons for markets to go in for such sharp cuts.  For Nifty 500 stocks, the advance to decline ratio was at 1:4. As expected Mid-caps and select NBFC stocks were hammered today. Infibeam Avenues nosedived by ~70%, though the company clarified that it has given interest free unsecured loan to its subsidiary NSI lnfinium Global Pvt Ltd. It clo...

Winning Strokes : Think Different Photo : Ro.Aliment The Nifty declined over half a percent to close below 11000 at 10977.55. Nifty fell by around 6% in September F&O series expiry --  one of the worst F&O expiry in seven months. All the major indices recorded a sharp decline yesterday except the Tech stocks. Some of the Negatives affecting the Indian bourses are: IL&FS default on debt repayment,  Brent Crude spiked to 4-year high, Increased USD-INR ratio, Concern of a trade war between China and US, US Fed hiking interest rate by 25 bps on Wednesday and more importantly Deepening of the NBFC crisis with SEBI now seeking the details from mutual funds about their exposure to all NBFCs and housing finance companies; amid concerns over liquidity in the system. In such a scenario, I can only foresee further sliding of the Indian markets (Nifty Spot) to levels 10930/10870. The traders are suggested to keep in abeyance all their buy calls, as was m...

Winning Strokes : Think Different Photo : Zricks.com In a highly volatile session, the Indian equity markets ended in red ahead of September series F&O expiry and caution ahead of US Federal Reserve decision on interest rate.  The BSE  Sensex closed at 36,542.27 down 109.79  points or 0.30%, while the Nifty spot ended the day at 11,053.80 down 13.65 or 0.12%. Nifty touched a day's high 11146 and low of 10993 but failed to break 111500-11175 resistance zone.  FMCG and Tech stocks witnessed biggest losers today while Metal stocks were in limelight. Mid-cap and small cap stocks gained marginally. IL&FS Ltd's default on debt repayment, rising USD-INR ratio and spike in crude oil price in the international markets, had a negative sentiment in the Indian bourses. US Fed will announce its interest rate decision, tonight.  Nifty future closed in the negative with the losses of 0.33% at 11050. On option front, maximum Put OI is seen at 11000 ...

Winning Strokes : Think Different The market ended the volatile session with decent gains as bargain hunting emerged after steep losses in past few trading sessions. The barometer index, the S&P BSE Sensex, rose 347.04 points or 0.96% to 36,652.06, as per the provisional closing data. The Nifty 50 index rose 100.05 points or 0.91% to 11,067.45, as per the provisional closing data. Among secondary barometers, the BSE Mid-Cap index rose 0.36%. The BSE Small-Cap index fell 0.74%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was negative. On BSE, 1081 shares rose and 1570 shares fell. A total of 174 shares were unchanged. IT major Infosys rose 1.22%. Infosys announced that Infosys Public Services Inc. (IPS) received a CAD $80.3 million contract by Public Services and Procurement Canada (PSPC) to modernize and automate their procurement processes. IPS is working with Ernst & Young LLP (EY) and SAP Ca...

Winning Strokes : Think Different Equity benchmarks gave up early gains and ended lower, extending losses for third straight day. Selling in major sectors such as banks and FMCG weighed on the indices. The rupee hovering near its record low spooked investors. The Sensex fell 169.45 points or 0.45% to settle at 37,121.22, its lowest closing level since 26 July 2018. The index rose 239.96 points, or 0.64% at the day's high of 37,530.63. The index fell 227.98 points, or 0.61% at the day's low of 37,062.69. The Nifty 50 index fell 44.55 points or 0.39% to settle at 11,234.35, its lowest closing level since 26 July 2018. The index rose 53.15 points, or 0.47% at the day's high of 11,332.05. The index fell 68 points, or 0.60% at the day's low of 11,210.90. Among secondary barometers, the BSE Mid-Cap index fell 0.72%. The BSE Small-Cap index fell 0.98%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the m...

Winning Strokes : Think Different The market declined sharply, extending yesterday's steep fall. Investors were nervous after US President Donald Trump imposed 10% tariffs on an additional $200 billion worth of Chinese imports, and warned of duties on more products if China took retaliatory action. Domestic shares spent most of the trading session in negative territory although the reaction was a little muted. However, selling pressure intensified in the last hour of trade. The Sensex fell 294.84 points or 0.78% to settle at 37,290.67, its lowest closing level since 2 August 2018. The index rose 159.93 points, or 0.43% at the day's high of 37,745.44. The index fell 342.66 points, or 0.91% at the day's low of 37,242.85. The Nifty 50 index fell 98.85 points or 0.87% to settle at 11,278.90, its lowest closing level since 2 August 2018. The index rose 33.70 points, or 0.30% at the day's high of 11,411.45. The index fell 108.80 points, or 0.96% at the day's...

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 d...

Winning Strokes :  Think Different Key equity indices edged higher on Wednesday after two consecutive sessions of sharp falls. The sentiment, however, was fragile as the rupee touched a fresh low, stoking fears of an interest rate hike by the central bank at its next meeting in October. The Sensex rose 304.83 points or 0.81% to settle at 37,717.96. The index rose 339.45 points, or 0.91% at the day's high of 37,752.58. The index fell 71.13 points, or 0.19% at the day's low of 37,342. The Nifty 50 index rose 82.40 points or 0.73% to settle at 11,369.90. The index rose 93.25 points, or 0.83% at the day's high of 11,380.75. The index fell 37.30 points, or 0.33% at the day's low of 11,250.20. Among secondary barometers, the BSE Mid-Cap index rose 0.52%. The BSE Small-Cap index fell 0.27%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was negative. On BSE, 1133 shares rose and 1525 shares f...

Pre-Session : Shares may Extend Losses 11-Sep-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 12.50 points at the opening bell. Overseas, Asian market were in broadly negative territory on Tuesday. US stocks closed mostly higher Monday, with the S&P 500 and the Nasdaq each snapping a four-day losing streak on the back of a recovery in technology shares. The White House reportedly announced that it was in the process of coordinating a second meeting between US President Donald Trump and North Korean leader Kim Jong Un. Trade also remains another focal point for markets, with Canada and the US yet to secure a deal that would replace the North American Free Trade Agreement. Trump announced last Friday that he was ready to slap tariffs on an additional $267 billion of Chinese imports, on top of the $200 billion already in the administration's sights. On the data front, consumer borrowing picked up in July...

Winning Strokes : Think Different Photo : Deccan Chronicle Domestic stocks dropped sharply tracking negative global cues as fears of a potentially major escalation in the Sino-US trade conflict weighed on investor sentiment, while the rupee depreciated to a fresh low, bolstering inflation concerns.  The barometer index, the S&P BSE Sensex, lost 467.65 points or 1.22% to settle at 37,922.17. The Nifty 50 index lost 151 points or 1.30% to settle at 11,438.10. The Sensex ended below the psychologically important 38,000 mark after moving above and below that level in intraday trade. Among secondary barometers, the BSE Mid-Cap index fell 1.68%, underperforming the Sensex. The BSE Small-Cap index fell 1.07%, outperforming the Sensex. The market breadth, indicating the overall health of the market, was weak. On BSE, 1048 shares rose and 1684 shares fell. A total of 195 shares were unchanged. Among the sectoral indices on BSE, the S&P BSE Auto index (down ...

Winning Strokes : Think Different Key benchmark indices logged modest gains on last trading day of the week led by index pivotals Reliance Industries, Mahindra & Mahindra and ICICI Bank. The barometer index, the S&P BSE Sensex, gained 147.01 points or 0.38% to settle at 38,389.82. The Nifty 50 index rose 52.20 points or 0.45% to settle at 11,589.10. The S&P BSE Mid-Cap index rose 1.15%. The S&P BSE Small-Cap index rose 0.55%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, was positive. On the BSE, 1533 shares rose and 1168 shares fell. A total of 190 shares were unchanged. Among the sectoral indices on BSE, the S&P BSE Telecom index (up 3.35%), the S&P BSE Auto index (up 2.07%), the S&P BSE Metal index (up 1.96%), the S&P BSE Basic Materials index (up 1.36%), the S&P BSE Consumer Discretionary Goods & Services index (up 1.28%), the S&P BSE Energy index (up 0.91%),...

Pre-Session ; A flat opening on the cards 07-Sep-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 7 points at the opening bell. Overseas, most Asian stocks were trading lower amid ongoing concerns about global trade and emerging markets. US stocks fell yesterday, 6 September 2018 amid renewed selling in technology shares as the Trump administration eyed escalating the trade war and concerns mounted over flagging demand for computer chips. Back home, the market ended the volatile session higher yesterday, 6 September 2018. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions. The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 455 crore yesterday, 6 September 2018, as ...

Winning Strokes : Think Different Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions. Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade. The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or ...

Winning Strokes : Think Different Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions. Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade. The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or ...

Winning Strokes : Think Different Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions. Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade. The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or ...