DAILY MARKET INSIGHTS – 26th Feb 2019

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

TFM Watch

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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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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

TFM Watch

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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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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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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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DAILY MARKET INSIGHTS – 21th Feb 2019

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

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Indian Indexes

On February 21, benchmark indices closed on a positive note, with the Sensex settling a tad below 35900. The market rose for the second day and clocked their best two-day rally in nearly three weeks. The Sensex surged by 0.40% or 142.09 points to 35898.35. The Nifty rose by 0.51% or 54.40 points to 10789.85.

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Stocks in the news

1. Tech Mahindra approved the proposal for buyback fully paid equity shares of Rs.5 each.

2. Reliance Capital invited Nippon Life Insurance to buy up to 42.88% stake in RNAM.

 

Buzzing stocks on BSE

1. Dynamatic Technologies surged by 3.53% to Rs. 1,341, after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.

2. Tata Steel rose by 1.49% to Rs. 497.90, after Moody’s Investors Service upgraded the company’s corporate family rating by one notch to Ba2 from Ba3.

3. Shares of Reliance Nippon Life Asset Management Company jumped by 20% to Rs. 187.05, after Reliance Capital invited partner Nippon Life Insurance Company Ltd to acquire a stake in Reliance Nippon Life AMC.

Global Signals

Asian stock markets were mixed on February 21, as investors digest Fed minutes.

European stock markets were also mixed, amid cautious optimism the world’s two largest economies could soon secure a trade deal to end a prolonged dispute.

 

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DAILY MARKET INSIGHTS – 20th Feb 2019

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Indian Indexes

The benchmark indices bounced back and broke the eight day losing streak on February 20, on the back of global optimism. The rally was mainly led by information technology, financial, metal and banking stocks. The Sensex added 400 points, while the Nifty rallied over 130 points. The Sensex surged by 1.14% or 403.65 points to 35756.26. The Nifty soared by 1.24% or 131.40 points to 10735.45.

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Stocks in the news

1. Duke Offshore secured contract from Daewoo-Tata JV

2. Aarti Industries entered into contract worth $125 mn with global chemical conglomerate

3. Strides Pharma arm received USFDA nod for generic of Zarontin capsules.

 

Buzzing stocks on BSE

1. Grasim Industries rose by 2.03% to Rs. 730.75, after the acquisition of the Chlor-Alkali Business of KPR Industries (India).

2. Majesco surged by 3.30% to Rs. 456, American Public Life Insurance Company has selected Majesco L&A and Group Core Suite platform.

Global Signals

Asian stocks markets mostly closed higher on February 20, after US President Donald Trump hinted once again that a closely watched trade deadline in March may be pushed back.

European stock markets were also higher, amid rising hopes the world’s two largest economies could soon secure a trade deal to end a protracted dispute.

 

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DAILY MARKET INSIGHTS – 18th Feb 2019

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Indian Indexes

The benchmark indices ended down sharply on February 18, 2019 on caution over mounting worries over terrorist activities in India’s Jammu & Kashmir. Heavyweights such as TCS, Reliance Industries and ITC among others dragged indices today. The Sensex slipped by 0.87% or 310.51 points to 35498.44. The Nifty fell by 0.78% or 83.45 points to 10640.95.

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

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Stocks in the news

1. L&T Construction has secured a mega contract for design and construction of a major airport.

2. JSPL bagged additional order from Indian Railways for 30,000 tonnes long rails.

 

Buzzing stocks on BSE

1. Shares of Dewan Housing Finance Ltd (DHFL) jumped 4.67% to Rs. 128.90, on report that the company is in talk to sell a 10% stake to Baring India, Bain Capital and Hero Fincorp to raise funds.

2. Yes Bank share fell by 2.54% to Rs. 213.15, after the Reserve Bank of India (RBI) threatened further regulatory action against the bank over its public disclosure of nil divergence report.

Global Signals

Asian markets ended higher on optimism over ongoing trade talks between the US and China.

European stock markets were mixed, as investors await developments on US-China trade front.

Crude oil prices rose to three-month high on February 18, 2019 as Saudi Arabia said it has partially shut Safaniya offshore oil field, largest in the world, for repairs amid optimism over US-China trade discussions.

 

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