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%.

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.

Sensex Nifty lower trade, Stock to watch out on Monday 13 Nov. 2017

sensex down The BSE Sensex and NSE Nifty rose marginally in opening trade on Monday on mixed cues from global markets. At 10.20 am, BSE Sensex traded lower by 82.88 points to 33,231.80, while the NSE Nifty 50 fell 37.80 points to 10,283.95. Gains are mainly seen in auto stocks and software stocks, while realty and Capital good stocks were witnessing majority of the selling pressure in the morning hours.

Stock Movements in early hours:  Shares of L&T fell 3% to Rs. 1236 after the company reduced its order inflow guidance for the full year ended March 2018.

Stocks of RCom fell 8% to Rs13 after the company posted a fourth consecutive consolidated loss to Rs. 2,709 crore in the quarter ended September against profit of Rs 62 crore a year ago.

Shares of Axis Bank Ltd rose 2% after the bank on Friday said its board had approved raising up to Rs.11,625.8 crore through a private placement of shares led by private equity fund Bain Capital.

Stock in focus: Tata Chemicals, Idea, Indian Hotels, Apollo Hospitals, NTPC, Future Enterprises, Gujarat State Petronet, among others, are scheduled to report their quarterly earnings during the day.

New India Assurance Company’s recently concluded IPO, will make its stock market debut on Monday.

Larsen & Toubro has reported a net profit Rs 1,820 cr in the second quarter of 2017-18, up 27 % YoY.

Reliance Communications Limited has posted a consolidated loss of Rs 2709 cr for the Sept end quarter compared to a loss of Rs 1210 cr in the previous quarter.

Stock to Watch out, Stock in focus on 10 November 2017

stock market down Stock Market Update: Sensex and Nifty open significantly lower on negative global cues. At 10.30 am, BSE Sensex, was down 25.71 points at 33,225 levels while the NSE Nifty50 index was down 10.85 points at 10,298 levels. Shares of Oil & Gas companies decline, OMCs hit with HPCL and BPCL losing over 1 percent in the early trading hours today. Shares of Tata Motors, RIL, Asian Paints, Axis Bank, TCS, and Adani Ports lost up to 1.5% whereas ONGC socks, ICICI Bank, L&T, SBI, HUL and are rising up to 0.9%.

Stock Movements: Shares of State Bank of India was trading 0.43% higher at Rs 315.1.
Mahindra & Mahindra edged down 0.59% to Rs 1,353.45 ahead of their respective Q2 results today.
Stocks of Divi’s Laboratories Ltd rose 5.1% to Rs. 1061 in the early hours after the company announced in a notice to BSE that the US food & drug regulator has completed evaluation of corrective action.

Shares of Bharat Petroleum Corp fell 1.4% to Rs. 515 prior to its earnings expected to take place later in the day. As per reports, it is expected to post a net profit of Rs2160.10 crore while net sales will be at Rs 59286.20 crore.

Corporate Earnings: The stocks of companies such as Mahindra & Mahindra, MRF, Bharat Petroleum Corporation, Nestle, Balaji Telefilms, Bank of Maharashtra, Motherson Sumi Systems, Sobha, Sun TV, Cochin Shipyard, DLF and Suzlon among others will be in focus today as these companies scheduled to announce their earnings today. 

Rupee Watch: The Indian rupee opened at 65.07 a dollar and was trading at 65.08 against the USD, down 0.23% from its Thursday’s close of 64.94.