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%.

Top Ten Stock Trading Tips, SEBI Registered Investment Advisory Company

SEBI Registered stock advisory company Share markets opened little higher on its opening Thursday with Sensex & Nifty beginning in the green ahead of the expiry of Future & Option contracts today. BSE Sensex traded higher by 0.05 points to 33,911.86, while the NSE Nifty-50 rose 7.05 points to 10,497.80 in the later morning hours.

Shares of State bank of India, Sun Pharma, Tata Steel, Dr Reddy’s, Coal India, HDFC, HDFC Bank and Hindustan Unilever gained up to 1 percent while Yes Bank, Axis Bank, Hero MotoCorp, TCS, Bajaj Auto and Kotak Mahindra Bank lost up to 0.75%. The stock of RCom rose 19.86% to the day’s peak of Rs 34.4 on NSE while it rose 15.65% to the day’s high of Rs 33.24 on BSE.

Metal stock rise on NSE, the Nifty Metal Index rose 1 percent in early trade tracking higher global commodity prices. Global copper prices rose overnight to their maximum levels in 3 years following strong import numbers from China. Shares of Hindustan Copper Limited rose over 5 percent.

Banking stocks trading lower led by Axis Bank, which was fell 1 percent after market regulator SEBI directed the Bank to conduct an inquiry into leakage of its April -June earnings.

Sensex above 33,700, Nifty at 10,450 mark, HDFC Bank, Sun Pharma lead

sensex up, nifty above India’s Best Stock Advisory
The key indices erased their opening gains and were being traded flat due to lack of directions from global markets. The BSE index Sensex was down 1.12 points at 33,776.26 and the 50-share NSE index Nifty was up 7.4 points at 10,45.60 in the later morning hours.

Sun Pharma gained 1.76%, L&T up 1.37%, Hero MotoCorp rose 1.32%, Tata Steel up 0.74% and HDFC rose 0.7%, as the top Sensex gainers while M&M, ICICI Bank, HUL, Infosys and IndusInd Bank were the major losers.

Shares of RCom gained 4 percent today after a report said that Reliance Jio Infocomm leads the race to acquire the company’s assets.

BSE realty index rose 3.01%, followed by metal 0.75%, infrastructure 0.69% and capital goods 0.64%, while banking index fell 0.34%, auto 0.3% and PSU 0.18%.

PSU Bank, Auto, Realty and Bank Nifty Index are the top losers on the NSE, while Nifty Media, Pharma and Metal Index were the top gainers.

Among specific stocks, stocks of Varun Beverages Limited rose 7 percent as the company has entered into a binding accord with PepsiCo to acquire franchisee rights.

Shares of Repro India gained in third straight session rising 3 percent after a promoter bought stake in the company.

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.

Stock Market News : Sensex, Nifty cut initial gains ahead of WPI inflation data

stock market up Sensex and Nifty opened a slight higher on Thursday as the US Fed Reserve overnight raised interest rates by 25 bps. The BSE Sensex trades up by 11.78 points at 33,064.82, while the NSE Nifty-50 rose 6.30 points to 10,199.25 in late morning hours.

Shares of Mahindra and Mahindra, DR Reddy’s Lab, Infosys, Asian Paints, ONGC, Lupin were the major gainers on Sensex today, rising up to 1.43% while Tata Consultancy Service, HDFC, Kotak Mahindra Bank, Hindustan Unilever Limited, lost up to 1.17%.

The index heavyweights like HDFC, TCS, ICICI Bank and Kotak Mahindra Bank contributed the mainly to the Sensex losses, while Infosys & HDFC Bank helped to reduce the losses.

Shares of Tata Communications Limited rose 5 percent to Rs. 730 after the it has approved proposal to demerge around 773 acres surplus land of govt through special purpose vehicle company Hemisphere Properties Limited.

The rupee rose against the US dollar; it opened at 64.32 per dollar and was trading at 64.28 a dollar, up 0.24 percent from its last close of 64.44.