Weekly Market Watch: Sensex posts biggest weekly rise in a year

Stock markets on the week ended Friday, 19 January 2018, posted their 7th consecutive weekly longest winning flash since February 2012 led by strong report strong earnings of the companies. The Sensex gained 2.7 percent by 919 points during the week, clocking the biggest weekly jump in a year, helped by govt’s move to slash additional borrowing and expectations of higher FDI in the banking sectors.

The BSE Sensex jumped 0.7% with 251 points to 35,511.58, while the NSE Nifty added 0.72% with 77.70 points to 10,894.7 a new all-time peaks for both the indices. The Nifty gained 304 points, or 2.85%. The broader market, underperformed with the BSE-500 index gaining only 0.62 percent.

As per Bloomberg estimates, Nifty company profits for Oct – Dec are expected to rise an average of 17% from a year earlier, greater than the 13% growth in the previous quarter.

The government this week slashed levies ahead of the February 1 budget presentation.

Bank stocks extended gains from Thursday on report that India is considering allowing foreign investors to own larger stakes in them.

Banking stocks kept in focus amid reports that the govt is considering raising the foreign investment upper limit in private banks to 100% and in public sector lenders to 49%.

January 02, 2018, Stocks in the news for Tuesday, Eicher, Idea Cellular, JMFL

Bombay Stock Exchange The following companies ‘stocks will be in focus during trade today based on latest stock in news and developments:
Eicher: Eicher Motors Limited’s stock will be in focus today as Royal Enfield’s December sales up 17 percent at 66968 units against 57398 units. Total exports up 48 percent at 1,601 units against 1082 units, year-0n-year.

Thermax:: Thermax Limited bags Rs. 327 crore order from a public-sector company based in Western India for a Boiler Turbine Generator package on EPC basis.

IdeaCellular:: Idea Cellular Limited is set to consider a fund raising proposal on Thursday, January 4, 2018

JMFL:: JM Financial Limited seeks shareholder’s approval to raise Rs. 650 crore.

Prestige Estates:: Prestige Estates Projects Limited to buy Capitaland’s stake in different companies for Rs.342.00 crore.
GAIL: GAIL India Limited commissions India’s second largest roof-top solar PV at Patna, (UP).

Sensex, Nifty record highs, RCom shares gain, Investment Advice in Intraday

stock market investment Key indices opened little higher on Friday with Sensex and Nifty nearing their respective all time highs. The BSE Sensex gained 170.69 points to open at 34,018.72 and the NSE Nifty added 45.25 points to open at 10,523.15 in the later morning hours.

Shares of Tata Steel, Power Grid, Larsen & Toubro, Adani Ports, SBI, Sun Pharma, NTPC, Axis Bank were the major gainers, while shares of Wipro, ICICI Bank, and M&M lost up to 0.2% on Friday.

Shares Reliance Communication (RCom) jumped 21% as the company reportedly plans to sell its

wireless infrastructure assets, spectrum, tower etc’to Reliance Jio Infocomm. The stock of RCom has more than tripled in the last one week.

The NSE Nifty Metal Index rose 0.6 percent, tracking higher global commodity prices. All the sectoral indices of NSE were trading in green with Nifty PSU Bank, Nifty Pharma, Nifty FMCG, Nifty Auto leading the charge.

The Indian rupee was trading a bit higher against US at 64.03 per dollar, up 0.08 percent from its Thursday’s close of 64.08.

Sensex, Nifty hit lifetime highs on early trade: Infosys down 1.3%

Sensex Nifty high Live Market- Sensex and Nifty started the holiday-shortened week on a positive note in the opening trade, led by gains in shares of TCS and metal and mining companies. BSE Sensex reached its peak high of 34005.37 and Nifty reached at 10,500 l in early trade. However, in the after hours the indices were trading lower.

The broader markets were also supported by positive footing in shares of GAIL India, Vedanta Ltd, ONGC rising up 0.7 to 1.1%.

Shares of Infosys’ down 1.3%, on Nifty50, while shares of Tata Consultancy Service rose 1.5% in early trade after a report said the company will renew large outsourcing contracts.
The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday against 64.05 on Friday.

Sensex jumps 146 points as Modi led BJP won the assembly election in Gujarat & H.P

stock market highKey indices edged higher on Tuesday after Narendra Modi led BJP won the assembly election in Gujarat and Himachal Pradesh. BSE Sensex gained 98.08 points to open at 33,699.76 whereas NSE Nifty jumped 30.65 points to begin at 10,419.40 in late morning hours. Shares of Tata Motors, Hero MotoCorp, Coal India, and ONGC were the top gainers in the early trade. 

Shares of Tata Motors Ltd, Coal India, Hero MotoCorp Ltd, ONGC, Maruti Suzuki, Dr Reddy’s gained up to 1.6% while Infosys, IndusInd Bank, Bharti Airtel, HDFC, Kotak Mahindra Bank lost up to 0.7 percent.

The stock of Bharti Airtel shed 0.97 percent to the day’s low of Rs 521 after it has signed an agreement with Millicom International Cellular S.A. 

Shares of LT Foods Ltd rose 4.3 percent to Rs. 84.55 after the company said its Qualified Institutional placement (QIP) opens with a floor price at Rs. 79.13 per share.

The rupee was trading higher against the U.S dollar and was trading at 64.18 a dollar, up 0.09 percent from its last day’s close of 64.24.