Sensex rises 130 points, Nifty above 10,400, Investment Stock Advisory

Sensex nifty up India’s share market on Tuesday began moderately higher with Sensex and Nifty opening in green, as FPIs continued to liquidate their positions.

The benchmark BSE Sensex gained 0.41% to open at 33,913.94 and NSE Nifty added 0.12% to begin at 10,391 in early trade. The broader and sectoral indices fell into negative zone in the opening trade with Nifty PSU Bank index losing the most led by the fall in shares of fraud-hit PNB.

Shares of Tata Steel, Bharti Airtel, Dr Reddy’s, Axis Bank, TCS, and Infosys emerged as the notable gainers in the early trades whereas shares of Kotak Mahindra Bank, IndusInd Bank, Adani Ports, and SBI fell over 1 percent.

The BSE Sensex was trading up 133.28 points at 33,907.94 whereas the NSE Nifty was trading 36.50 points higher at 10,414.90 in the later morning hours.

NSE, Nifty PSU Bank index faced major shake for the fifth consecutive day as the shares of PNB extended losses diving over 4% to hit a fresh 52-week low of Rs 111.

Metal stocks were trading higher with NMDC, Vedanta Ltd, JSW Steel, Steel Authority Of India, Hindalco,Tata Steel, Jindal Steel and NALCO rose at a tune of 3 to 1 percent.

Monday Stock Market down, Sensex Nifty Falls in Morning Session

stock market downKey indices opened marginally higher in the opening trade on Monday, but quickly turned negative zone, with BSE Sensex falling more than 100 points and NSE Nifty below 10,450.

PSU bank stocks continued to trade lower in the second week after PNB disclosed a Rs. 11,400 crore fraud wearing away about Rs. 9,000 crore in market cap in three days. The stock of Gitanjali Gems also plunged about 10 percent in the morning.

Shares Bank of Baroda, Syndicate Bank, Indian Bank, SBI, IDBI Bank, Bank of India, PNB, Union Bank of India, Canara Bank, Allahabad Bank and Uco Bank were also down in banking stocks.

Shares of Tata Steel Limited fell over 4 percent followed by a drop in shares of Adani Ports, Mahindra and Mahindra, Hindustan Unilever and L&T.

Bench mark Nifty50 was trading down 39.70 points to 10,412.60 while BSE Sensex down by 211.46 point to 33,889.

Nifty Gainers & Losers: Infratel (+1.11%), Vedanta (+0.86%) Ambuja (+0.70%), GAIL (+0.68%) and UltraTech Cement (+0.52%), were the top gainers on Nifty50.

Tata Steel (-4.24%), Indiabulls (-1.94%) Zee (-1.97%), Bharti Airtel (-1.76%), and Tech Mahindra (-1.75%) were the top losers in today’s trade, at the time of this writing.

Sensex below 36,058, Nifty below 11,100 ahead of Budget 2018

budget 2018The benchmark indices opened flat on Tuesday after touching new record highs in Monday’s trade. Investors are eagerly awaiting the govt’s last budget before the 2019 general poll that will be rolled out in Parliament on 1 February.

The BSE Sensex trades lower by 224 points to 36,058, while the NSE Nifty falls 80 points to 11,050 levels in later morning hours.

The shares of TCS, Tech Mahindra, HDFC Bank, Asian Paints, Powergrid, Adani Ports and L&T were trading down, over 1% each in the opening trade, while shares of SBI, Bajaj Auto and Hero Motocorp were trading a little higher.

Auto stocks were trading higher on Tuesday. Hero MotoCorp Ltd rose 0.63%, Bajaj Auto Ltd 0.26%, Tata Motors Ltd 0.33% and TVS Motors Ltd 0.65% while Maruti Suzuki India down 0.17%.

Major gainers emerged on NSE Nifty-50 shares include Eicher Motors, HDFC, Maruti Suzuki, Bharti Infratel, TCS, Hero MotoCorp, IOC, Indiabulls-HF, Tata Steel, Kotak Mahindra Bank, Bajaj Auto, L&T, HDFC Bank, Tech Mahindra, Sun Pharma rising by 1 to 4 percent.

Sensex open higher, nifty scales 11,148 HDFC, Maruti Suzuki, Reliance rally

sensex high todayKey benchmark indices were trading on a positive note on Monday with key Sensex and Nifty making new all-time peak ahead of Indian Economic Survey 2018 being presented today, later hours. The first the Budget Session of Parliament is set to start today, January 29, and will run until February 9.

The BSE Sensex zoomed 300.68 points to 36,351.12 and the NSE Nifty 50 climbed 78.30 points to 11,147.95. Shares of Maruti Suzuki, HDFC,  Reliance Industries, HDFC Bank, TCS and L&T rallied the most that led a major uplift to the Sensex. 

Shares HDFC and Tech Mahindra will be closely watched ahead of their respective Q3 results which are expected to announce later today.

Shares of Tata Consultancy Services, Maruti Suzuki, Larsen & Toubro, HDFC, HDFC Bank, and Infosys were lifting Sensex and Nifty to hit record highs levels, while shares of Bharti Airtel, ONGC and Dr. Reddy are declined.

Shares of Avenue Supermarkets rose 5% after the company on Friday posted a 65.77% jump in its net profit.

L&T crossed Rs. 2 trillion market capitalization first time after its shares zoomed over 13% so far this year.

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%.