SumanSpeaks: The Information Super Highway

Tit - bits Photo : Tradimo News  Domestic bourses hit fresh intraday low in afternoon trade, dragged by Reliance Industries and IT pivotals. When this report is being made the BSE Sensex was seen at 38,133.68 down 365.44 points (-0.93%) while the Nifty was trading at 11,223.25 down 85.75 points. In the broader market, the S&P BSE Mid-Cap index gained 0.88% while the S&P BSE Small-Cap index added 0.97%. Both these indices outperformed the Sensex. The market breadth was strong. On the BSE, 1481 shares rose while 1039 shares fell. A total of 149 shares remained  unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs.245.95 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,017.40 crore in the Indian equity market on 28 July, provisional data showed. #At last Reliance Indistries  Ltd (Rs.2105.15)  is down today after the Edelweiss downgraded it to hold from buy with a price target near ...

Tit - bits Photo : Motley Fool Domestic bourses ended near the day's high on Thursday, supported by firmness in banking counters and index heavyweight Reliance Industries Ltd. Trading was volatile on account of weekly expiry of index options. The BSE Sensex, rose 268.95 points or 0.71% to close at 38,140.47. The Nifty 50 on the other hand climbed 82.85 points or 0.74% to end the day at 11,215.45. In the broader market, the BSE Mid-Cap index rose 0.98% while the BSE Small-Cap index gained 0.61%. The market breadth was positive. On the BSE, 1,453 shares rose and 1,205 shares fell. A total of 154 shares were unchanged. The market breadth was positive. On the BSE, 1,453 shares rose, while  1,205 shares fell. A total of 154 shares remained unchanged. #The Nifty Bank index rose 0.88% to 23,083.90, thus reaching my target of 23000. The index has moved up by 8.17% in six sessions. You should book complete profits in your option call given last week.  #T...

Tit - bits Photo : The ET At 11.15 am the BSE Sensex was seen at 38,034.76 up 163.24 points (+0.43%), while the Nifty was trading at 11,191.35 up 58.75 points or (+0.53%). In the broader market, the BSE Mid-Cap index rose 0.74% while the S&P BSE Small-Cap index gained 0.57%. The market breadth was strong. On the BSE, 1253 shares rose while 788 shares fell. A total of 124 shares remained unchanged. #With not much positive news in the horizon, we can look for corrections in Nifty. Buy 06 August, Nifty 9700 Put at Rs.9.30 for targets of Rs. 15/17. SL: Rs.4.00.  #The scrip of Texmaco Pipes and Products Ltd is getting strong resistances at Rs.14/15 ranges.  So,  for the time being don't do further averaging.  #The stock of Spandana Sphoorty Financial Limited (Rs.628.30)  can be accumulated in phases starting from the CMP to up-to Rs. 500, for the targets mentioned earlier.  #Sell 30 July NCC Ltd futures at Rs.32.10, for sh...

Tit - Bits The Key benchmarks ended with strong gains yesterday taking cues from the strong global markets.  Two factors essentially contributed to this rally: #European Union (EU) leaders agreed on a 750 billion euros package aimed at funding post-pandemic relief efforts in the region. #Hopes for an early coronavirus vaccine also lifted the sentiments. The first set of results from early-stage clinical trials of the Oxford University COVID-19 vaccine candidate show the vaccine is safe and induces an immune reaction. A recent media report suggest that the Chinese Covid - 19 vaccine is also safe.   The S&P BSE Sensex jumped 511.34 points or 1.37% to close at 37,930.33. The Nifty 50 rose 140.05 points or 1.27% to end the day at 11,162.25. Both these indices jumped about 5.25% in five sessions. #Yesterday's 10500 put option of 30 July expiry   got cancelled as it opened at Rs.23.05, which is below the SL price of Rs.25, mentioned in my earlier p...

Tit - bits Friends at the onset I want to remind you that I am having FEVER accompanied by other ailments and hence my today's market briefings  would be short. I thought to come to the blog even at this stage, because I feel the short term targets of Nifty had been achieved yesterday. And you need to be cautious on the Buy side of the trade. I'm lying on my bed, just thought to do something productive at this hour, I mean at the dead of night.  Yesterday, S&P BSE Sensex rose 398.85 points or 1.08% to close at 37,418.99. The Nifty 50 index gained 120.50 points or 1.11% to end the day at 11,022.20. Both these indices soared by about 3.9% in four sessions. However, the broader market trailed the benchmark indices. The BSE Mid-Cap index rose 0.91%, while the BSE Small-Cap index gained 1.04%. #After so much upmove, the markets are due for corrections, however stock specific action will continue. Before you proceeding further please ensure that you have booked...

Tit - bits The Indian bourses ended with strong gains today. Significant buying was witnessed during the final hour of n the final hour of trade which pushed the indices near their day's high. Positive global cues supported buying in domestic shares. The S&P BSE Sensex surged 548.46 points or 1.50% to close at 37,020.14. The Nifty 50 index jumped 161.75 points or 1.51% ending at 10,901.70. Both these indices saw a jump of over 2.7% in three trading sessions. The Nifty today managed to close above its 200-day simple moving average, placed at 10,868.81. In the broader market, the BSE Mid-Cap index rose 1.55% while the S&P BSE Small-Cap index mover up by 1.11%. Buyers outnumbered sellers. On the BSE, 1,645 shares rose while 998 shares fell. A total of 156 shares remained unchanged.  #My strongly recommended Texmaco Pipes and Products Ltd (Rs.13.28)  hit the upper circuits today. Keep accumulating in declines as I'm bullish on the pipe sector....

Tit - bits Though Thursday's trade was marked by volatility due to the expiry of weekly index options the key equity benchmarks ended near the day's high.  The barometer BSE Sensex surged 419.87 points or 1.16% to close at 36,471.68, while  the Nifty 50 index soared 121.75 points or 1.15%  to end the day at 10,739.95. In the broader market, the BSE Mid-Cap index rose 0.71%, while the BSE Small-Cap index fell 0.13%. Sellers outpaced buyers. On the BSE, 1078 shares rose while 1528 shares fell. A total of 164 shares were unchanged. IT major Infosys Ltd jumped  9.56% to Rs.910.90 after its net profit rose 11.45% to Rs.4,233 crore on 8.54% increase in net sales to Rs.23,665 crore in Q1 June 2020 over Q1 June 2019. #Those who have not booked profit in Bank Nifty 23000 strike price call options of 30 July Expiry can continue to hold with targets and SL in mind.   You must have read the media reports that China's economy rebounded from a...

Tit -  bits Photo : IIFL In the afternoon trade the Nifty is hovering around 10,650 level. IT and pharma shares supported the indices while banks and FMCG shares are showing negative performance. At 02.50 IST, the barometer index, the S&P BSE Sensex, was tr ading at 36,244.88 up 193.07 points (+0.54%) and NSE is seen at 10,666.70 up 48.50 points (+0.46%). The broader market was mixed. The S&P BSE Mid-Cap index was up 0.02% while the S&P BSE Small-Cap index was down 0.66%. On the BSE, 824 shares rose while 1631 shares fell. A total of 138 shares remained  unchanged. In Nifty 50 index, 18 stocks advanced while 32 stocks declined.  Yesterday, the Foreign portfolio investors (FPIs) sold shares worth Rs.221.70 crore. The domestic institutional investors (DIIs), were net sellers to the tune of Rs 899.37 crore as per provisional data. #If you want to make few lakhs and why not,  even few Crores of rupees in matter of f...

Tit - bits Photo : Warrior Trading  Domestic bourses equity slumped today dragged by banks shares. The S&P BSE Sensex tumbled 660.63 points or 1.80%  to close at 36,033.06, while the Nifty 50 index fell 195.35 points or 1.81% to end the day at 10,607.35. Negative global cues and rising toll of global coronavirus cases spooked the sentiments of the traders. Lingering tensions between the US and China also worried investors. Media reporter that the US on Monday rejected China's disputed claims to offshore resources in most of the South China Sea. In the broader market, the BSE Mid-Cap index lost 0.95% and the BSE Small-Cap index fell 0.93%. Sellers outnumbered the buyers. On the BSE, 831 shares rose while1852 shares fell. A total of 122 shares remained unchanged. #As expected most of the AGA Group stocks are hitting LCs. Reliance Capital (Rs.11) is on its way to Rs.9, while Reliance Infra (Rs.33.50)  is expected to go to Rs.27/24 ranges. The...

Tit - Bits Domestic bourses ended with slight losses on Friday, pulled down by banks and financials stocks. The S&P BSE Sensex lost 143.36 points or 0.39% to close at 36,594.33. The Nifty 50 index fell 45.40 points or 0.42% to finish the day at 10,768.05. The Nifty would continue to get support around 10600/10700 ranges.  In the broader market, the BSE Mid-Cap index slipped 0.72% while the BSE Small-Cap index shed 0.35%. The market breadth was weak. On the BSE, 1000 shares rose while 1663 shares fell. A total of 170 shares were unchanged. #The shares of Spandana Spoorty Financial Ltd ( Rs. 668.45), should meet the immediate resistances at Rs.690/700, ranges, where you need to book some profits and hold the rest with a SL at Rs. 670. #If you want to make few lakhs and why not,  even few Crores of rupees in matter of few years, through  Forsage , by investing only with an minimum investment of Rs.1500, then please do send me a mail at: suman2005s@g...

Tit - bits When this report is being written, the  BSE Sensex was seen at 36,552.07 down 185.73 points (-0.51%) while Nifty was trading at 10,753.20 do an 55.35 points (-0.56%). This market is purely driven by liquidity and hence there is a disconnect with the fundamentals of Indian economy. The Nifty would continue to get support around 10700, especially, post de-escalation of the tensions at Sino -- Indian border.  #My recently recommended Spandana Spoorty Financial Ltd hit its 3rd consecutive buyer freeze today at Rs.671.80. The scrip was recommended around Rs.551 in this blog. Accumulate in every declines.  #Buy the shares of Texmo Pipes and Products Ltd  near Rs.14/15, for short term targets of Rs.17/18. It is a Rs.10 face value share with book value at Rs.57.49. The pipe manufacturing sector should do well as the NDA government has stepped up its efforts to optimize water supply for irrigation and infrastructure spaces. 

Tit - bits Photo : The Economic Times   The Indian bourses maintained their winning run for the fifth consecutive session, yesterday. The S&P BSE Sensex moved up by 187.24 points or 0.51% to end the day at 36,674.52, while the Nifty 50 index gained 36 points or 0.33% to close at 10,799.65. Some of factors which is believed to have helped the upward march of Nifty could be: Easing of lockdown restrictions, across India.  Impressive recovery rate of patients from Coronavirus, The expectations of a Covid -19 vaccine coming up soon, Decent Q1 operating performance by banks, Progress of monsoon across the country. Surplus rainfall is good for kharif season, sowing for which is currently underway. Signing of $750 million agreement by the World Bank and the Government of India for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), which were severely impacted by the COVID-...

Tit - bits Photo : P R Newswir e  Domestic bourses continued their forward march  for the fourth straight session on Monday, taking cues from positive global cues. The S&P BSE Sensex rallied 465.86 points or 1.29% to close at 36,487.28, while the Nifty50 surged 156.30 points or 1.47% to end the day at 10,763.65. Both these indices have seen a rise of about 4.50% in four trading sessions. Meanwhile, the sentiments of investors strengthened after the media reported that India and China have begun a disengagement from the face-off sites in the Galwan Valley and Gogra-Hot Springs areas of eastern Ladakh. In the broader market, the BSE Mid-Cap index rose 1.27%, while the BSE Small-Cap index gained 1.30%. The market breadth was strong. On the BSE, 1,634 shares rose, while 1,157 shares fell. On the BSE a total of 189 shares remained unchanged. #My recently recommend MBL Infrastructure Ltd hit another buyer freeze yesterday at Rs.6.40. Keep adding on d...

Tit - bits The domestic share markets ended the day with with modest gains. The bank shares saw correction, while the Bulls fell in love with IT sector. On the  global frony US payrolls data was encouraging and data showed that a pick up in  Chinese service sector activity.  However, a surge in coronavirus cases jolted the strong marching of the bulls.   The Nifty has a strong resistances at 10750/10900. But as mentioned in my earlier post, the Nifty will get support at 10485/10450/9700. #The operators have minted lot of money by posting videos on YouTube, which indirectly said that Mukhesh Ambani is likely to take over the ADA group companies; as if there are no minority shareholders to oppose the move. Riding this news, the share of Reliance Infrastructure Ltd (Rs.40.40)  shot up from around Rs.8.65 to Rs.44 - plus in the last few months. Similar is the case with many other ADA group companies. Stay away!! #If you want to do a rech...

Tit - bits Photo : India TV Yesterday, the domestic bourses rallied taking positive cues from global markets, on the increasing optimism for a safe and effective COVID-19 vaccine. The S&P BSE Sensex rallied 429.25 points or 1.21% close at 35,843.70,.while the Nifty50 jumped 121.65 points or 1.17% to end the day at 10,551.70. HDFC (up 2.95%) and Reliance Industries Ltd (up 1.30%) were major index movers. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 5.74% to 26.50. The BSE Mid-Cap index rose 1.04% and the BSE Small-Cap index gained 0.92%. However, both these indices lagged the Sensex. On the BSE, 1,719 shares rose while 1,044 shares fell. A total of 127 shares remained unchanged. #Kolkata headquartered  MBL Infrastructure Ltd, closed at Rs.6.24 up 3.14%. The Rs.10 face value shares have a book value of around Rs.68.75 and market cap of Rs.65.37 crore. It will soon cross Rs.10. Keep accumulating.  ...

Tit - bits Yesterday, the Indian stock markets closed with good gains. The BSE Sensex closed at 35,414.45 up 498.65 points (+1.43%) while the Nifty ended the  day at 10,430.05 up 127.95 points (+1.24%).  In my last post I mentioned the Nifty to trade around 10200/10500 ranges. Today, the Indian bourses could try to get out of the  current ranges.  Meanwhile, Reliance Jio has sought Government permission for lab tests of its 5G products. Piggybacking on Huawei, China continues to dominate the global 5G market, accounting for 46% of the sale of all such devices in 2019. Huawei’s edge comes from its competitive prices, though it's mired in controversies. It's estimated that 5G deployment in Europe might cost $62bn more if Huawei is excluded. The RIL (Rs.1737.60) share is buzzing due all such positive developments in the company. In the short term the scrip can move up-to Rs.1750. #The stock of National Fertilisers Ltd (Rs.31.50) touched...