DAILY MARKET INSIGHTS – 15th Feb 2019

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Indian Indexes

Indian stock market ended marginally lower on Febaruary 15, led by a decline in HDFC, HDFC Bank, Sun Pharma and Axis Bank. The Sensex was down by 0.19% or 67.27 points to 35808.95. The Nifty fell by 0.20% or 21.60 points to 10724.40.

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15Top Gainer Losers

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Stocks in the news

1. Alembic Pharma received USFDA approval for gVigamox eye drops.

2. J Kumar Infraprojects received order worth Rs. 444.98 crore from Delhi Metro Rail Corporation.

 

Buzzing stocks on BSE

1. ONGC rose by 2.27% to Rs. 135.10, after net profit rose 64.8% to Rs. 8,262.70 crore in Q3FY2019

2. Shares of Kridhan Infra surged by 4.68% to Rs, 32.40, after company bagged an order in Singapore.

Global Signals

Asian stock markets closed lower on February 15, following the release of US retail data overnight which raised concerns over a slowing American economy.

European stock markets were mixed, after weaker-than-expected US retail sales figures raised fresh doubts about the strength of the world’s largest economy.

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DAILY MARKET INSIGHTS – 13th Feb 2019

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Indian Indexes

Benchmark indices erased all their gains in the last hour on February 13, weighed by RIL, L&T, ICICI Bank and State Bank of India. The Sensex ended just above 36000 while Nifty closed below 10800. The Sensex declined by 0.33% or 119.51 points to 36034.11. The Nifty fell by 0.35% or 37.75 points to 10793.70.

Majority of the sectoral indices closed in red except IT, Realty and Technology.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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13Top Gainer Losers

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Stocks in the news

1. Bosch Q3 net profit rose by 19.3% y-o-y to Rs.335.4 crore.

2. Adani Gas Q3 net profit slipped by 6.8% q-o-q to Rs.47 crore.

 

Buzzing stocks on BSE

1. CG Power and Industrial Solutions fell by 29.63% to Rs.23.75, after reporting the consolidated net loss of Rs.150.18 crore in Q3 December 2018.

2. Shares of Natco Pharma declined by 4.68% to Rs.635, after consolidated net profit slipped by 27% y-o-y to Rs.159 crore in Q3FY2019.

Global Signals

Asian stock markets were mostly higher on February 13, on positive US-China trade sentiment.

European stock markets traded higher amid US-China trade deal hopes.

DAILY MARKET INSIGHTS – 11th Feb 2019

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Indian Indexes

The benchmark indices ended lower on February 11, weighed by automobiles and pharmaceutical stocks. Reliance Industries, M&M, ICICI Bank, Axis Bank, SBI, L&T, ITC, Bajaj Finance, ONCG and HUL dragged the indices, while HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank, Tata Steel and Infosys ended in green. The 30-share Sensex fell by 0.41% or 151.45 points to close at 36395.03, while the 50-share Nifty slipped by 0.50% or 54.80 points to 10888.80.

Market breadth was in favour of declines with an advance-decline ratio of 2:5.

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11Top Gainer Losers.jpg

11Currency.jpg
Stocks in the news

1. Eicher Motors Q3 consolidated net profit rose by 2.4% y-o-y to Rs 533 crore

2. Motherson Sumi Systems Q3 net profit rose by 6.7% y-o-y to Rs.389 crore.

3. India Cements Q3 net profit slipped by 79.6% y-o-y to Rs.3.1 crore.

4. Spicejet Q3 net profit falls by 77% y-o-y to Rs.55 crore.

Buzzing stocks on BSE

1. Tata Steel rose by 2.20% to Rs. 479.90, after the consolidated net profit rose by 54.33% to Rs. 1753.07 crore in Q3FY19.

2. KRBL fell by 10.64% to Rs. 322, after the consolidated net profit declined by 12.82% to Rs 107.22 crore in Q3FY2019.

3. Sun TV Network surged by 10.10% to Rs. 573.15, after the net profit rose by 31.60% to Rs. 351.33 crore in Q3FY2019.

Global Signals

Asian stock markets ended on a mixed note on February 11, 2019 as traders await developments in trade talks between American and Chinese officials in Beijing later this week.

European stock markets rallied on hopes of resolution between the US and China on trade front at meeting between officials later this week.

 

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DAILY MARKET INSIGHTS – 8th Feb 2019

Daily Stock Picks and Recomandations – 8th Feb 2019

DAILY MARKET INSIGHTS – 8th Feb 2019

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Indian Indexes

Indian local indices plunged sharply on February 8, as risk appetite dwindled on worries over ongoing trade spat between the US and China amid concerns over global economic health after European Commission slashed GDP forecasts for Eurozone. The Sensex fell by 1.15% or 424.61 points to 36546.48 . The Nifty declined by 1.14% or 123.80 points to 10,943.60.

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8Top Gainer Losers.jpg

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Stocks in the news

1. Excel Crop Care Q3 net profit fell by 81.3% y-o-y to Rs.24 crore.

2. Marksans Pharma net profit rose by 44% y-o-y to Rs.25 crore.

3. VIP Industries net profit fell by 11.4% y-o-y to Rs.23.8 crore.

4. AIA Engineering rose by 11% y-o-y to Rs.129 crore.

Buzzing stocks on BSE

1. Tata Motors lost 14.9% at Rs 155.65 at 09:18 IST on BSE after the company reported consolidated net loss of Rs 26992.54 crore in Q3 December 2018 as compared to net profit of Rs 1198.63 crore in Q3 December 2017.

2. Sun Pharma Advanced Research Company fell 1.21% to Rs 146.50 at 10:01 IST on BSE after the company received a demand order worth Rs 46.04 crore for payment of Service Tax.

3. Shipping Corporation of India jumped 6.65% to Rs 40.10 at 11:12 IST on BSE after net profit surged 119.72% to Rs 180.54 crore on 25.02% rise in total income to Rs 1237.30 crore in Q3 December 2018 over Q3 December 2017.

Global Signals

Asian stock markets tumbled on February 08, after President Donald Trump said he doesn’t plan to meet Chinese leader Xi Jinping before a tariffs truce ends in March.

European stocks traded mixed as investors await developments in US-China trade talks.

 

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DAILY MARKET INSIGHTS – 7th Feb 2019

Daily Stock Picks and Recomandations – 7th Feb 2019

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DAILY MARKET INSIGHTS – 7th Feb 2019

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Indian Indexes

Benchmark indices jumped after the RBI cut the repo rate but shed all of its gains soon on profit-booking in to end on a flat note. The Sensex was down by 0.01% or 4.14 points to 36971.09. The Nifty rose by 0.06% or 6.95 points to 11069.40.

Market breadth was in favour of advances with an advance-decline ratio of 3:2.

Zee Entertainment, Sun Pharma, Eicher Motors, Bharti Infratel and Bajaj Auto were the top gainers on the Nifty, while JSW Steel, Reliance Industries, L&T, Hindalco and Power Grid were the top losers.

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Top Gainer Losers

Stocks in the newsCurrency

1. Reserve Bank of India cut the repo rate by 25 bps to 6.25%.

2. MRF Q3 net profit fell by 18% y-o-y to Rs. 279.3 crore.

3. Bajaj Electricals net profit rose by 73.6% y-o-y to Rs. 64 crore.

4. Grasim Q3 net profit increased by 28.3% y-o-y to Rs. 608 crore.

Buzzing stocks on BSE

1. AstraZeneca Pharma India jumped by 11.66% to Rs. 1,793, after the company reported net profit of Rs. 29.09 crore in Q3FY2019 as against net loss of Rs. 10.35 crore in Q3FY2018.

2. Shares of Sun Pharmaceuticals surged by 4.48% to Rs. 434, after its US subsidiary Taro Pharmaceutical reported strong results for the quarter ended December 2018.

Global Signals

Asian stock markets ended mixed on February 07 on uncertainty over US-China trade talks as negotiations between the world’s largest and second largest economies continue.

European stock markets were marginally lower as market participants digested the latest flurry of corporate results.

 

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DAILY MARKET INSIGHTS – 6th Feb 2019

Daily Stock Picks and Recomandations – 7th Feb 2019

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Budget 2019 Key Benefits: Finance Minister presents Union Budget 2019 in Parliament

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