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 fell. A total of 186 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.76%), the S&P BSE Realty index (down 0.35%), the S&P BSE Bankex (down 0.02%), the S&P BSE Oil & Gas index (up 0.05%), the S&P BSE Finance index (up 0.13%), the S&P BSE Consumer Discretionary Goods & Services index (up 0.22%), the S&P BSE Auto index (up 0.25%), the S&P BSE Teck index (up 0.34%), the S&P BSE Utilities index (up 0.36%), the S&P BSE IT index (up 0.46%), the S&P BSE Industrials index (up 0.52%), the S&P BSE Power index (up 0.60%), the S&P BSE Energy index (up 0.62%), the S&P BSE Consumer Durables index (up 0.66%) and the S&P BSE Healthcare index (up 0.76%), underperformed the Sensex. The S&P BSE Basic Materials index (up 0.93%), the S&P BSE Capital Goods index (up 1.06%), the S&P BSE Metal index (up 1.52%) and the S&P BSE FMCG index (up 2.40%), outperformed the Sensex.

In the foreign exchange market, the rupee extended losses against the dollar. The partially convertible rupee was hovering at 72.055, compared with its close of 72.695 during the previous trading session. Rupee hit a low of 72.915 in intraday today.

Asian stocks fell on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying US-China trade conflict. China will seek permission from the World Trade Organization (WTO) to impose sanctions on the US next week, according to the WTO's meeting agenda. China will seek authorization at a special meeting of the WTO's Dispute Settlement Body on Friday, 21 September 2018.

The request comes at a time of escalating trade tensions between the world's two largest economies, with US President Donald Trump saying last week he was ready to go on tariffs for another $267 billion on Chinese goods if he wants. That would follow planned charges on $200 billion of Chinese goods in several industries, including technology. Beijing has vowed to retaliate if the US takes any new steps on trade.

On the data front, small-business sentiment climbed to a record in August, according to the National Federation of Independent Business. Separately, the number of job openings in the US climbed to a record 6.94 million in July while the US budget deficit in August was $211 billion, nearly double the gap during the year-ago period.

Meanwhile, the US budget deficit in August was $211 billion, nearly double the gap during the year-ago month, the Congressional Budget Office estimated late Monday.

In the global commodities markets, Brent for November 2018 settlement was up 2 cents at $79.08 a barrel. The contract had risen $1.69 a barrel or 2.18% to settle at $79.06 a barrel during the previous trading session.

#The stock of Manganese Ore India Ltd (MOIL) was recommended to the Premium Members this week at around Rs.189. The stock made a high of Rs.195.80 in the NSE. MOIL is the single largest producer of manganese ore in the country with an annual production of 1.1 million tonnes (MT). It is planning to increase the number of mines in central India by 2020-24 which will help it to increase the production.

#The stock of Mandhana Industries Ltd today made a high of Rs.8.60, before closing at Rs.7.80. The stock may not give a closing below Rs.7. The ace investor, Rakesh Jhunjhunwala had picked up 12.74% stake in Mandhana Retail Ventures, that holds licences to manufacture and sell Salman Khan's Being Human brand of clothing and fashion accessories. Mandhana Retail has the global licensing arrangement with Being Human— The Salman Khan Foundation—to manufacture and distribute textile products and the royalties from the clothing line which support education and healthcare initiatives of the foundation.

#The scrip of TV Vision Ltd closed flat at Rs.6.27 in the BSE, while the shares of Sri Adhikari Brothers Television Network Ltd closed at Rs.7.20 in the NSE . The company has come up with a new plan for meeting the debt obligations with the lenders. 

#I will be recommending a short term momentum counter to the Premium Members either tomorrow or Sunday. Those who want to know the name, should subscribe to my Premium Service. Now, festive discount is going on......

~~with inputs from Capital Market - Live News....

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, according to the Federal Reserve on Monday. Total consumer credit rose $16.6 billion in July to a seasonally adjusted $3.91 trillion. That's an annual growth rate of 5.1%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 841.68 crore yesterday, 10 September 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 289.66 crore yesterday, 10 September 2018, as per provisional data.

Domestic stocks dropped sharply yesterday, 10 September 2018, 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.

~~Powered by Capital Market - Live News..

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 1.75%), the S&P BSE Metal index (down 1.74%), and the S&P BSE FMCG index (down 1.65%) underperformed the Sensex. The S&P BSE IT index (up 0.02%), the S&P BSE Teck index (down 0.06%), the S&P BSE Capital Goods index (down 0.97%) outperformed the Sensex.

Reliance Capital fell 3.93%. The company received Certificate of Registration from the Reserve Bank of India as Core Investment Company - Non-Deposit Taking Systemically Important Institution. The announcement was made after market hours on Friday, 7 September 2018.

RITES gained 3.3%. The company has secured an additional work of Rs 294.67 crore from Ministry of Railways for doubling of Dharmavaram Penukunda rail lines (41.5 Kms) in South Western Railways. Earlier, RITES was awarded doubling work for 90.2 Kms of Dharmavaram Penukunda rail lines in South Central Railways for a cost of Rs 666.38 Crores from Ministry of Railways. The work has been awarded to RITES on cost plus basis in which RITES will be paid fee at the rate of 8.5% of the cost of work. The announcement was made after market hours on Friday, 7 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 72.38, compared with its close of 71.74 during the previous trading session.

Overseas, shares in Europe struggled to make gains while most Asian shares ended lower on Monday, as trade tensions between the US and China remain in focus. China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly. Trade surplus hit $31.05 billion in August, up from $28.09 billion in July, customs data showed on Saturday, surpassing the previous record set in June. Over the first eight months of the year, China's surplus with its largest export market has risen nearly 15%, adding to tensions in the trade relationship between the world's two largest economies. China's annual export growth in August moderated slightly to 9.8%, the data showed, the weakest rate since March but only slightly below recent trends.

China's consumer inflation accelerated to a six-month high in August, driven by a faster increase in vegetable prices and softer decline in pork prices, official data showed Monday. The consumer-price index rose 2.3% in August from a year earlier, compared with a 2.1% gain in July, the National Bureau of Statistics said.

US stocks closed lower Friday after US President Donald Trump threatened tariffs on a further $267 billion worth of Chinese imports, on top of earlier promises to levy duties on $200 billion worth of Chinese goods. While the US tariffs on $200 billion Chinese goods have not been implemented, Trump said they could take place very soon, depending on what happens with them.

US jobs report that showed that 201,000 jobs were added in the month of August. The unemployment rate held steady at 3.9% and wage growth showed signs of accelerating.

#Mandhana Industries Ltd as expected hit another buyer freeze at Rs.7.85 in the NSE. It closed at Rs.7.61 in the BSE. It nearly doubled from the recommended price of Rs.4.65.

#A exit from the shares of Nitesh Estates Ltd was recommended to the Premium Members last week, near the recommended price with either no loss or no profit or with slight loss. The stock fortunately made an intraday high of Rs.7.35 yesterday (where I feel most of the Premium Members exited) before closing at Rs.7 in the BSE.

#Prajay Engineers Syndicate Ltd recommended to the Premium Members on 9th September, '18, hit the buyer freeze yesterday at Rs.11.18 in the BSE. It closed a tad below the UC in the NSE at Rs.11.50; with good volumes. The Indian real estate market is expected to touch US$ 180 billion by 2020. Housing sector is expected to contribute around 11% to India’s GDP by 2020. Retail, hospitality and commercial real estate are also witness an upward rise in the number of real estate deals in 2018, on the back of policy changes that have made the market more transparent.

#The shares of BHEL nearly broke the nearest support after a sell call or exit with profit was recommended to the Premium Members who are short term traders. BHEL is good only for the long term investors. 

#I will be recommending another momentum counter this week, like Petron Engineering Ltd which hit the UC in the BSE at Rs.53.75 in the NSE. This stock was recommended to the Premium Members last Sunday. Those who want to know the name of the upcoming short term small cap scrip in advance and also get latest inputs on my earlier recommended counters, should subscribe to my Premium Service at the earliest. 

Moreover, like every year, for this year also I have decided to give FESTIVE DISCOUNTS on the subscription rate of my Premium Information Service This offer will be valid till 31st December, '18.

~~with inputs from Capital Market - Live News...

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%), the S&P BSE Healthcare index (up 0.89%), the S&P BSE Oil & Gas index (up 0.79%), the S&P BSE FMCG index (up 0.65%), the S&P BSE Teck index (up 0.65%), the S&P BSE Realty index (up 0.61%), the S&P BSE Utilities index (up 0.55%), the S&P BSE Industrials index (up 0.54%) and the S&P BSE IT index (up 0.41%), outperformed the Sensex.

The S&P BSE Consumer Durables index (up 0.32%), the S&P BSE Capital Goods index (up 0.05%), the S&P BSE Finance index (down 0.02%), the S&P BSE Bankex (down 0.04%) and the S&P BSE Power index (down 0.08%), underperformed the Sensex.

Overseas, European shares were mixed while most Asian stocks were trading lower amid ongoing concerns about global trade and emerging markets. Overall, market sentiment was dragged by ongoing concerns over a trade war between the United States and China. On Thursday, President Donald Trump told the media that he will take his trade fights to Japan next. The news sent the dollar lower against the yen on Friday morning.

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.

As per reports, turmoil in Argentina and Turkey, as their currencies continue to sink on deteriorating confidence, is dragging on the global market as investors fear a spillover effect on other healthier emerging markets and beyond.

On the trade front, the US and Canada continued high-stakes negotiations in the effort to revamp the North American Free Trade Agreement, which President Donald Trump said he is prepared to move forward with even without Canada's participation.

On the data front, the Institute for Supply Management's August read on the services sector rose to 58.5% from 55.7% in the previous month, while the final IHS Markit reading on the services purchasing managers index fell to 54.8 in August from 56 in July.

#Mandhana Industries Ltd hit another buyer freeze at Rs,7.50 in the NSE as Salman Khan got a favourable verdict from a sessions court. The company's shares have been moving up vertically, after its excellent quarterly results. It was repeatedly recommended in this blog at around Rs.4.65.

#The stock of P C Jewelers Ltd closed flat at Rs.86.30 in the NSE after touching a high of Rs.87.30 during intraday trading. Stock should see higher prices in the coming days, as festive buying gathers momentum, 

#Today the scrip of Petron Engineering Construction Ltd was recommended to the Premium Members at around Rs.48.80. The stock made an intraday high of Rs.52 in the BSE before closing at Rs.51.20 or above a key resistance levels. We can expect upper circuits in the coming days. Remain invested.

~~with inputs from Capital Market - Live News....

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 per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 611.98 crore yesterday, 6 September 2018, as per provisional data.

Among corporate news, Bajaj Auto said it will shortly enhance its production capacities of 3 wheeler and quadricycles to 1 million per year as the government announces end to permits. The announcement was made after market hours yesterday, 6 September 2018.

This announcement came after Minister for Transport Nitin Gadkari announcing at the SIAM convention to move to a “no-permit” regime for auto rickshaws powered by alternate fuels. Bajaj Auto said that it is the market leader with 86% market share in the alternate fuel three-wheelers.

Housing Development Finance Corporation (HDFC) said it concluded the sale of 24,85,956 equity shares of Rs 10 each, representing 5.1% of the equity capital of CAMS to Great Terrain Investment, Mauritius at Rs 681.91 per equity share, aggregating to a consideration of Rs 169.52 crore. Post sale, HDFC will continue to hold 5.99% of the equity capital or CAMS. The announcement was made after market hours yesterday, 6 September 2018.

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

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 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. One sided movement was seen in the shares of the company, after it was recommended at Rs.4.65 in this blog, around a couple of weeks back. Yesterday, there was media reports that Salman Khan no more needs permission from the court to travel abroad.

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy to the Premium Members at around Rs.85-86, for targets of Rs.103-190. The company has over 90 outlets across 70 Indian cities. For the financial year ending March 2017, the company posted a 21.6% growth, clocking a turnover of Rs.8,099 crore ($1.2 billion). The company’s market value now stands below its projected sales of Rs.10,000 crore for the financial year 2018. India is one of the largest consumers of gold jewellery in the world. Weddings alone account for 40% of all gold sales, followed by the harvest. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

~~with inputs from Capital Market - Live News....

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 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

~~with inputs from Capital Market - Live News....

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 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

~~with inputs from Capital Market - Live News....

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 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

~~with inputs from Capital Market - Live News....

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 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

~~with inputs from Capital Market - Live News....