DAILY MARKET INSIGHTS – 26th Feb 2019

After market update – Markets end lower on Indo-Pak tensions

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Indian Indexes

The benchmark indices ended lower on February 26, after Indian Air Force (IAF) conducted air strikes on a terror camp across the Line of Control (LoC) in Pakistan occupied Kashmir (PoK). The Sensex slipped by 0.66% or 239.67 points to 35973.71. The Nifty fell by 0.41% or 44.80 points to 10835.30.

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

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26Top Gainer Losers

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Stocks in the news

1. Intellect Design secured multi-million dollar deal from Emirates NBD.

2. Britannia to replace Hindustan Petroleum in Nifty 50 from March 29, 2019.

3. Adani Enterprises emerged as highest bidder for Guwahati Airport.

4. Kotak Mahindra Bank approved raising of FII/FPI limit to 45% from 43%.

 

Buzzing stocks on BSE

1. Dewan Housing Finance Corporation fell by 4.21% to Rs.130.95, after ratings agency ICRA revised the short-term rating outstanding for the Rs.8,000 crore commercial papers of the company.

2. Max India rose by 3.23% to Rs.83, after reports of PE firm buying stake in Max Bupa Health Insurance Company.

Global Signals

Asian stock markets fell on February 26, as investors seek clarity on US-China trade.

European stock markets were also lower tracking weak Asian stocks on uncertainty over US-China trade details.

 

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DAILY MARKET INSIGHTS – 25th Feb 2019

After market update – Strong start to the week, Nifty near 10900

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Indian Indexes

The benchmark indices resumed rally on positive global cues amid sharp gains in Infosys, TCS, HDFC Bank, ICICI Bank and ITC. The Sensex rose by 0.95% or 341.90 points at 36213.38. The Nifty surged by 0.82% or 88.45 points at 10880.10.

TCS, Grasim Industries, Yes Bank, Infosys and UltraTech Cement were top gainers on the Nifty, while Adani Ports, Bharti Infratel, BPCL, HPCL and Zee Entertainment were amongst the top losers.

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

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25Top Gainer Losers

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Stocks in the news

1. Shilpa Medicare received USFDA nod for Gemcitabine Injection, used to treat cancer.

2. GST rates on under-construction houses cut to 5% from 12%.

3. Tata Elxsi collaborates with Portuguese company, NOS for digital operations solutions.

 

Buzzing stocks on BSE

1. JBM Auto rose by 2.66% to Rs.270 after company acquired major shareholding in Linde-Wiemann.

2. Adani Ports and Special Economic Zone declined by 8.26% to Rs. 324.85, after Adani Logistics, a unit of Adani Ports and SEZ announced that it would acquire Adani Agri Logistics from Adani Enterprises in an all-cash deal.

Global Signals

Asian stock markets ended with gains while the European stocks traded higher on February 25 on optimism after US President Donald Trump announced an extension to tariff hikes on Chinese imports due on March 1.

 

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DAILY MARKET INSIGHTS – 22nd Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

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Indian Indexes

The benchmark indices moved in narrow range throughout the day on February 22, amid mixed Asian markets. The Sensex was down by 0.07% or 26.87 points to 35871.48. The Nifty was up by 0.02% or 1.80 points to 10791.70.

Oil marketing companies gained in trade today as crude prices slipped.

Market breadth was in favour of advances with an advance-decline ratio of at 4:2.

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21Top Gainer Losers

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Stocks in the news

1. Dynamatic Technologies signed a Memorandum of Understanding with SAAB Technologies.

2. BEML partners with Lockheed Martin to explore global & domestic opportunities.

 

Buzzing stocks on BSE

1. Shares of GMR Infrastructure gained 2.80% to Rs.16.55, after the company signed concession agreement to develop a new international airport at Greece.

2. Bharat Electronics rose by 1.61% to Rs.570, after the company signed an MoU with Nagpur-based JSR Dynamics.

Global Signals

Asian stock markets were mostly mixed on February 22, after a slide on Wall Street as investors nervously watched the US-China trade talks in Washington.

European stock markets were mixed, as market participants closely monitored signs of progress in trade talks between the world’s two largest economies.

 

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