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 Market Weekly Update, Nifty Prediction For Tomorrow

share market The Indian Equity Markets are going strength with Sensex and Nifty at historic life-time peak levels almost every day of the week. The smart rally was witnessed in spite of mixed macro-economic data and monthly auto sales numbers.

Sensex opened the week at 33,260, and made a high of 33,733 & low of 33,164 and closed the week at 33,685 whereby it gained 528 points over week.

The Nifty opened the week at 10,353 and made a high of 10,461 & low of 10,323 and closed the week at 10,452 whereby the Nifty closed the week gaining 129 points through the week.

Stock rising sentiment got increased after index heavyweights such as ICICI Bank, Bharti Airtel, Maruti, Suzuki India Ltd, Glenmark, Vedanta and Punjab National Bank came out with good Q2 numbers.

On economic front, the World Bank, on 31 Oct 2017, released the Ease of Doing Business Report, 2018. India has jumped 30 ranks over its rank of 130 in the Report 2017.

At global front, England raised its benchmark interest rate as a first time in 10-years record, while US President Trump chose Jerome Powell as the Federal Reserve Chair person after the current Chair Janet Yellen’s tenure ceases.

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Prevailing concern between the US and North Korea effected on Indian share markets as the Sensex and Nifty closed more than 1% lower. The Sensex lost 317 points, or 1%, to close at 31,213, and Nifty50 gave up the crucial 9800 mark to close at 9,710, going down 109 points, or 1.1%. This is the 5th consecutive session of falls for the Indian indices, clocking it the most awful weekly performance since February 2016. During the week, the Sensex fell a little over 5%, as per data indicated.

BSE Midcap & Smallcap closed flat outperforming the bench mark indices on Friday 11 Aug 2017. BSE Mid-cap was down 0.4%, and the BSE Small-cap remained unchanged. The Weekend fall was led by SBI, which dipped 5.36 % due to its increasing non-performing assets, while M&M fell 3.1% and Reliance Industries fell 2.4%.

Metal stocks were suffered most with the BSE Metal index falling 3.6%. Pharma stocks clocked gains with shares of Dr Reddy’s, Aurobindo Pharma gaining more than 3% each through the week.
The Indian markets have come under selling pressure since worries between the US and North Korea burned up. It also got impacted global equities. The US index S&P 500 has lost 1.3% in the week so far while the FTSE and the Euro Stoxx were down by over 3% each.