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%.

Sensex rallies 345 pts, Nifty nears 10,900; Banking stocks gain

stock market highIndia’s share markets extended the session at fresh lifetime highs tracking global cues, and after media report that the govt is allowing 100 percent FDI in the banking sector. The BSE Sensex gained 344.69 points at 35,426.51 while NSE Nifty added 78 points to mark the new high of 10,866.50 on Thursday, later morning.

The value buying in the shares such as ICICI Bank, HDFCs, SBI, ITC, Axis Bank, HUL, L&T and Yes Bank led the key equity indices to fresh record peaks.

Banking stocks gained after media reports that the govt considered allowing 100 percent FDI in the banking sector. Effectively, ICICI Bank, SBI, HDFC Bank, Yes Bank, Axis Bank, PNB, Federal Bank, Bank of Baroda, Indusind Bank rose in different extents.

Shares of SBI, HDFC Bank, Hero MotoCorp, ICICI Bank and Yes Bank were the top five gainers among the Sensex stocks on Thursday.

Shares of Yes Bank jumped 3.36 pct to the day’s high of Rs. 354 ahead of its Q-3 earnings, while stocks of HDFC Bank rose 2.32% to hit an all-time peak of Rs. 1,935.

Shares of UltraTech Cement, Adani Ports SEZ, Yes Bank and Bharti Airtel will be watched ahead of their respective third-quarter earnings scheduled today.

 

Nifty gainers and losers

Sensex trades above 34,900, Nifty near 10,760, IT stocks rise

stock market upMarket began on a positive note on Tuesday with key indices opening a little higher as good growth in industrial output and a global shares rally picked up investors’ sentiment. The BSE index Sensex was up 69.80 points at 34,913.31 and the NSE Nifty was up 16 points at 10,757.55 in the morning hours.

Shares of prominent companies such as Tata Consultancy services, Infosys Ltd, Wipro Ltd, HCL Tech and Tech Mahindra inched up in the morning trades.

Shares of Federal Bank fell 3.3 percent to Rs. 110.45 after the bank reported higher gross and net slippages.

Shares of HDFC shed over 1 percent on the back of profit booking after the Company’s share jumped over 7 percent intraday to hit an all-time peak with its M-Cap crossing Rs 3.00 lakh crore yesterday .

Shares of Hindustan Unilever Ltd rose about 1.6 percent to a 52-week high of Rs 1,389 in the morning hours.

Shares of TCS, Wipro, Infosys, Bharti Airtel, and HUL were among the top gainers on BSE Sensex while HDFC, Reliance Industries, Tata Steel, Asian Paints and Power Grid fell upto 1.5 percent with HDFC losing the most.

Monday high- Sensex jumps 209 pts, Nifty hits 10,700 for first time

Sensex Nifty highKey indices moved on a higher note on Monday with Sensex & Nifty hitting all-new record peaks on the back of Q3 earnings hopes and positive global cues.

The BSE Sensex spiked 238.64 points at 34,831.03 while NSE Nifty added 67.75 at 10,749 in the late morning, for the first time ever. It is hoped all through this week, the stock markets are expected to be guided by the third-quarter earnings of major companies like HDFC Bank, ITC Ltd, Wipro Ltd, Kotak Mahindra Bank, Bharti Airtel and Yes Bank etc.

The stock of ICICI Bank extended the gains rising 3.29% to the day’s high of Rs 328.05 while HDFC shares rose 2% to the day’s high of Rs 1,796.7 after the company approved raising up to Rs 13,000 crore in its banking arm.

Shares of ICICI Bank, HDFC, Power Grid, Wipro, TCS, RIL, and SBI were the major gainers IN Sensex while Bharti Airtel and IndusInd Bank traded a little lower.

Infosys shares rose 1.26 percent to a fresh 52-week high of Rs 1092.05 after the company on Friday reported a rise of 38.22 percent in the net profit to Rs 5129 crore for the Oct –Dec quarter for the current fiscal.

Weekly Market snapshots: Market posts Sixth weekly straight gains

stock investment Share Markets scaled fresh all time highs in the week ended day on Friday, 12 January 2018, led by financials and energy stocks, since investors expected the monthly inflation data for clues on the central bank`s monetary policy. The BSE Sensex rose 88.90 points to close at new high of 34,592.39 while the Nifty-50 jumped up 30.05 points to record 10,681.25.

This was the 6th weekly straight gain for the domestic benchmarks. During the week, the Sensex gained 438.54 pts, or 1.28%, whereas the Nifty-50 rose 122.40 pts, or 1.15%. The Nifty50 surpassed its previous record closing of 10,651.20 hit on Thursday.

Optimistic trade in global market and hopes of revival in the first half domestic corporate earnings from is upholding the healthy sentiment.

Domestic institutional investors have bought equities to the tune of Rs 7.70 billion, while FPIs sold shares worth Rs 6.24 billion on net basis on Thursday, as per data.

Shares of TCS slipped 0.56% after the Company on Thursday reported a 3.6% fall in net profit for the Q3 at Rs 6,531 crore. The other IT major Infosys Ltd posted a 38.3% growth in consolidated net profit to Rs 5,129 crore for the Oct – Dec quarter of 2017-18.

In the Sensex pack, ICICI Bank emerged as the top performer with a rise of 2.63%, followed by Maruti Suzuki at 1.27%. Other major gainers included ONGC, Reliance, Dr Reddy’s Laboratories, HDFC Ltd, Larsen and Toubro, IndusInd Bank, Tata Motors and Mahindra and Mahindra, rising by up to 1.26%.

The rise in sector-wise, the oil and gas rose 0.69%, banking sector 0.50%, capital goods 0.48%, metal sector 0.45%, auto 0.28%,, infrastructure 0.14% and IT 0.03%.