Stock Tips- Market Weekly Reports 23 Oct – 27 Oct

stock market weekly reportsMarket registered stellar gains in the week ended Friday, 27 Oct 2017. The BSE Sensex and the NSE Nifty index scaled record highs on the govt’s booster steps to the economy through capitalization of PSU banks with a view to support credit growth and job opportunities. The recapitalization plan pushed the Bank Nifty higher, but the index failed to make a new life high. On the other side, the Nifty index kept hitting new life-highs during the week.

The Sensex posted its largest weekly move since March 19. The index of 30 blue chip stocks gained 767 points during the week after the govt introduced a stimulus package, including a plan of Rs 2.11 lakh crore to recapitalize state-owned banks and a Rs 7.00 lakh-crore plan to build new roads.

On Friday, the Sensex gained for a fifth consecutive day, led by industrial stocks and health care stocks, while traders raised bullish bets in November derivatives series, which started Friday. The rollover rate in the Nifty October futures, was ceased on Thursday, which was 73%, in comparison with 3-month average of 65% on expiry, as per data.

For the coming week, Q2 financial corporate earnings and cues from global front will be closely watched by the market players.

Stock Watch on Wednesday, 4 October 2017: Markets Open Mixed ahead of RBI Policy Result

stock market trading up Indian share markets have opened the day on a mixed note prior to the RBI’s policy outcome expected for later hours today. The BSE Sensex is trading up by 162 points at 31660 levels while the NSE Nifty is trading higher by 51 points at 9911 levels at the time of this writing.

Barring I.T stocks and metal stocks, all sectoral indices have opened the day in green with stocks from PSU and O&G sector and leading the pack of gainers, while Indian rupee is trading at 65.55 to the US dollar.

Bussing Stocks:- Nifty Pharma Index surges 1.5%. Divi’s Lab rose 3%, Sun Pharmaceuticals, Aurobindo & Dr. Reddy’s rise up 2% each.

Stocks of Natco Pharma hits 20% upper circuit seeing that Mylan laboratories gets USFDA nod for its drug Copaxonein 20&40 mg version.

Indian oil companies such as HPCL, BPCL, IOC stock gains on fuel cut excise duty. Stock rises up to 2 to 3.5%

Stocks of Hero MotoCorp advances 1% as September total sales has grown 7%.
Apollo Tyres Ltd approves QIP issue at floor price Rs 250.44 each and to set issue price on October 6, while its Stock down 1 percent.

Share Bazar Update- Markets witness terrible fall in 10 months

share bazar bhav

The Rupee fell to 65.16 against the US dollar that too it’s lowest since March, before regaining over its preceding day’s close of 64.79. The yield on the Ten-year govt bond in intraday trade rose to 6.69%, the highest since May, before closing at 6.67%.

Meantime, the US dollar strength on the US Federal Reserve’s plan tends to shrink its balance sheet. North Korea’s new hydro bomb menace and S&P’s downgrade of China also spoiled investor sentiment towards emerging markets.

FPIs pulled out Rs 1242 crore from domestic stocks on Friday, while domestic investors buying was comparatively muted at Rs 520 crore. The India Volatility Index surged 10%.

On the week ended Friday, there were four falling stocks for each one advancing. The BSE Midcap index declined close to 3%. Real estate, Metals and realty were the worst performing sectors. Among Sensex stocks, Tata Steel plummeted about 5%, after base metal prices chopped down due to China downgrade. SBI and ICICI Bank fell about 2% each.

Best Stock Weekly Review: Market logs strong gains through the week

stock market weekly reports

Weekly Update- Indian stocks logged strong gains in the week ended Friday, 15 Sept 2017 led by gains in pharma and auto stocks. The BSE Small-Cap and BSE Mid-Cap indices outperformed the Sensex during the week. While the BSE MidCap advanced 217.99 points or 1.38% to settle at 15,972.74, the SmallCap index gained 362.56 pts or 2.22% to settle at 16,687.76.

In the week ended the Sensex rose 585.09 pts or 1.85 percent to settle at 32,272.61. The NSE Nifty index rose 150.60 points or 1.52 percent to settle at 10,085.40.

All through the previous five days, the Sensex had gained 524.44 points on solid global cues on receding concerns on North Korea and sustained buying by domestic investors.

On the macro front, the yearly rate of inflation, based on monthly WPI, figured provisionally at 3.24% for August 2017, corresponding to 1.88% in July 2017 and 1.09% in August 2016, as per data which was announced on Friday, 14 Sept 2017.

The price of Oil soared to their highest weekly rise since on higher demand forecasts and the recommence of refineries in US. The OPEC this week predicted higher demand for its oil in 2018 and pointed to cues of a tighter global market.

Gold strengthens Rs 31,000 level on demand push, MCX Commodity Tips

gold

Price of Gold today took jump from a positive trend overseas by surging Rs 650 per 10 grams to reach Rs 31,000 level, supported by fresh local buying, whereas silver slipped sharply by Rs 350 to Rs 41,500 per kg, on account of softening demand by industrial units and coin makers.

Globally, gold rose by 0.08% to USD 1323.60 per ounce after hitting a 2-week low of USD 1,318.96. Silver also edged up 0.03% to USD 17.75 per ounce in Singapore. In New Delhi, gold of 99.9% purity surged Rs 650 to Rs 31,000 and 99.5% purity surged Rs 30,850 per 10 grams. Gold had lost Rs 650 in the last two days.

However, Sovereign price carried on to be traded at the previous level of Rs 24,700 per piece of 8 grams. But silver ready dropped Rs 350 to Rs 41,500/kg and weekly-based delivery cracked below the 41,000 mark by slipping Rs 370 to Rs 40,930 per kg.