Weekly Stock Watch: Market gains on upbeat global cues; Nifty records biggest weekly gain

stocks weekly reports Indian shares jumped for a second consecutive session on Friday amid expectations the ruling BJP would win state elections in Gujarat beginning this weekend. The BSE Sensex ended 0.91% higher at 33,250.30. The index posted its biggest weekly gain since early November, climbing 1.27% this week. The wider NSE Nifty closed up 0.97% at 10,265.65, rising 1.42% this week, its biggest since late October.

Nifty made good weekly recovery and gained nearly 1.5%, providing some respite to the market players. Nifty Auto Index also traded with positive bias and settled after gaining 1.5%. Nifty Auto Index also traded with positive bias and settled after gaining one and half percent.

Mahindra and Mahindra, Ashok Leyland, Bajaj Auto and Maruti Suzuki are seeing for fresh buying.
Bank stocks rose after RBI kept policy rates steady after monetary policy review on Wednesday, 6 Dec 2017. HDFC Bank rose 1.74%, SBI rose 0.19% and Axis Bank edged higher by 1.66%.

As the Best Weekly performance, FMCG index rose 2.5%), Auto Sector rose 0.6%, Information Technology stocks advanced higher by 0.5%, Energy stocks up 0.3% and Infrastructure sector edged higher by 0.2%.

The Worst Weekly Performers include Pharma index down by 1.5%, Metal index down by 0.9%, Realty down 0.7% and Media edged lower by 0.2%.

Sensex & Nifty open weak ahead of RBI policy; rupee falls against USD

stock market down Stock Tips – Sensex, Nifty opened lower on Wednesday before the outcome RBI’s bi-monthly policy meeting due later today. At 11 am, BSE Sensex lost 68.78 points to 32,735.66 while NSE Nifty dropped 29.30 points at 10,088.95. The Indian rupee falls 6 paise to 64.44 against the U.S dollar at the interbank FX market ahead of the result of RBI’s monetary policy.

Shares of Reliance Industries cut the losses of key indices whereas, HDFC Bank, State Bank of India, ICICI Bank, ITC, HDFC dragged.

Shares of Infosys Ltd, Coal India Ltd, Kotak Mahindra Bank and Sun Pharma were the only major gainers on Sensex after Reliance, rose up to 0.6 percent while SBI, Tata Steel, Hero MotoCorp, Bajaj Auto and ITC traded in red.

In Nifty-50 pack, shares of Tech Mahindra, Reliance Industries, Infosys, Kotak Mahindra Bank and Zee Entertainment were the top gainers, while Hindalco Vedanta, Tata Steel, Bajaj Auto and Eicher were the top losers in today’s trade.

Stock Market watch out for the week ahead, Monday Nifty Prediction

stock market weekly reportsThe benchmark index of BSE slumped on week ended Friday by 316.41 points to settle below 33K mark to 32,832.94 following the worries on the country’s fiscal deficit
and global risk aspects such as rising crude prices.  The NSE too slipped by 104.75 points to 10,121.80. 

In economic front, India’s gross domestic product (GDP) growth recovered to 6.3% in quarter ended Sept 2017 from a low of 5.7% recorded in the previous quarter ended June 2017.

Week Ahead Expectations: The result of the RBI monetary policy meeting, Global markets, FPIs & DIIs investment volume coupled with Rupee v/s Dollar movement and crude oil price will be some of the factors to dictate the market trend on next week.

The RBI’s monetary policy committee will meet on 5th and 6th December 2017 for the fifth bi-monthly monetary policy decision for the fiscal 2018.

The Gujarat elections will also be expected to get triggered markets directions next week.
In the primary market, hospital operator Shalby Limited is seeking to raise up to Rs 4.8 billion by selling IPO in a price range of Rs 245 to 248 which will be open for subscription between December 5 & 7 December 7.

Meanwhile, Indian logistics Service Future Supply Chain Solution’s IPO to raise up to Rs 6.5 billion will open next week, adding to what has been a record year for IPO sales in the country. The offer will be open for subscription from December.6 to 8, as per notice.

30 Nov Stock Market Update: Market slips lower in early trade

Sensex nifty down Key benchmark indices slipped in the early morning trade on Thursday due to market movements seemed to have turned negative ahead of India’s GDP growth data which is due today later evening. The stocks of State Bank of India, Kotak Mahindra Bank, Axis Bank, Reliance Industries, Bharti Airtel traded in the red in early trade. 

At 10.35 am, the BSE Sensex traded lower by 252.09 points at 33,350.67, while the NSE Nifty 50 fell 76.50 points to 10,284.80.

Jewellery stocks such as Tara Jewels fell 8.3%, Gitanjali Gems fell 2.4%, PC Jeweller declined 1.8%, among others; while stocks of Healthcare Global rose 5 percent.

Shares of Bajaj Auto and Dr Reddy’s Laboratories were the major gainers on Sensex, rising up over 1 percent while State Bank of India, Axis Bank, Kotak Mahindra Bank, Reliance (RIL) Adani Ports, lost up to 1.7 percent.

Most of the Asian shares also sunk in the early morning session today after the US technology barometer index lost nearly 1 percent on Wednesday.

The rupee goes down 24 paise at 64.55 versus the US dollar in the morning ahead of the Sept quarter GDP data.

28 Nov Sensex, Nifty open lower on Tuesday, R-Com shares falls

Sensex Nifty falls Sensex & Nifty started little changed on Tuesday on a flat note with negative bias. At 10.30 am, the BSE Sensex was lower by 15.68 points at 33,708.76, while the NSE Nifty 50 fell 3.30 points to 10,396.25.

Shares of Reliance Communications (RCom) fell 7 percent after China Dev Bank has become the first lender to charge a case against Reliance Communications under the Insolvency & Bankruptcy Code

Shares of Eris Life sciences gain on outperform by 3.5% after brokerage firm Credit Suisse has initiated outperform rating with a price target of Rs. 770 a share.

The Indian rupee followed the stock market trend, dropping 7 paise at 64.57 versus the US dollar in the early trade.

Shares of Maruti Suzuki, Cipla, HDFC, Bajaj Auto, Adani Ports and Axis Bank, were the major gainers today in early hours, rising up to 0.7% while Power Grid, ONGC, ITC, NTPC, ICICI Bank, Asian Paints were laggards up to 1.6%.