Closing Update- Nifty settles below 10,500, Sensex drops 162 pts

Sensex, Nifty extended losses for second straight session on Wednesday weighed by global cues after new Federal Reserve Chair Jerome Powell hinted more rate hikes. The BSE Sensex was down 162.35 points at 34,184.04 and the NSE Nifty-50 fell 61.40 points to 10,492.90. Selling pressure emerged on private sector banks shares pulling the market lower, while Infosys and Reliance Industries capped losses. Sectorally, banking stocks with FMCG, metal, capital goods, power ended in the negative zone, falling up to 1.21%. 

Global markets were under pressure especially after New Federal Reserve chairman Jerome Powell in his first congressional testimony on Tuesday signalled that the Fed could keep raising interest rates to contain inflation. 

Nifty PSU Bank index fell 2.6% in early trade, before closing up 0.7%. Indian Bank, OBC, Syndicate Bank, PNB and Union Bank gained 2 to 7%, but SBI closed slightly higher. 

Nifty Bank index declined 1%. HDFC Bank, HDFC, Axis Bank and Yes Bank were down 1 to 1.8%. 

Shares of Infosys, UPL, Eicher Motors, Asian Paints, HPCL and Cipla stood among the top gainers on NSE while Vedanta, ICICI Bank, Hindustan Unilever, Indiabulls Housing Finance, Axis were among the top losers. 

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Sensex ends 300 points higher, Nifty Stocks Market Prediction Tomorrow

Stock Closing Update- Equity indices finished the trading session on a strong note amid strong Asian markets after comments from Fed Reserve official eased concerns about faster rate hikes in U.S. The BSE Sensex closed higher by 303.60 points to 34,445.75 and the NSE Nifty finished higher by 91.55 points to 10,582.60. 

Shares of Tata Motors, Maruti Suzuki, IndusInd Bank, Axis Bank and L&T pulled led the Sensex rally. In the broader Nifty-50, L&T, IndusInd Bank and United Phosphorus Ltd shares gained by more than 3% each. Across these indices, shares of Sun Pharma, Infosys, TCS, ITC and Tech Mahindra lost more than 1.5% each. 

Heavy buying momentum picked up in realty, auto, industrials, capital goods, Oil and gas, basic materials, banks, financials, energy and metal counters amid higher Asian cues. 

The Nifty Realty index surged over 3 percent led by a rise in shares of Prestige Estates Projects and Oberoi, while Nifty Auto index ended over 2 percent higher led by Maruti Suzuki India and Tata Motors. 

Nifty Gainers & Losers: Maruti Suzuki (up 4.04%) Tata Motors (up 3.50%), Larsen & Toubro (up 3.25%), IndusInd Bank (up 2.94%) and UPL (up 2.90%).  Among the losers, Sun Pharma (-2.50%), TCS (-1.63%), Tech Mahindra (-1.61%), Infosys (-1.36%) and ITC -1.12%) edged lower. 

Nifty at 10491, Sensex up 323 pts, Monday Stock Prediction Tomorrow

The NSE Nifty ended up by 108.35 points at 10,491.05, gaining 0.37% for the week, backed by surges in metal, mining, pharma, bank and financial stocks. The BSE Sensex closed higher by 322.65 points at 34,142.15, ending 0.39% higher for the week. 

Shares of Tata Steel (up 6.03%), Sun Pharma, (up 6.01%), UPL (up 3.97%), Tech Mahindra (up 3.55%) and Vedanta (up 3.06%) stood among the top gainers in the Nifty50 index on Friday.  

On the other hand, shares of Asian Paints (down 1.54%), GAIL India (down 1.43%), Infosys (down 0.55%), Eicher Motors (down 0.50%) and Hindustan Unilever (down 0.37%) lost the most among the Nifty stocks.  

Nifty Metal and Pharma indices rose up to 3%, followed by bank and financial stocks. All sectoral indices on the NSE settled in the positive zone with Nifty Metals, Nifty Pharma and Nifty Bank among the top gainers.

Monday Nifty Prediction

Sensex ends on a flat, Nifty below 10,400, Tomorrow Nifty Prediction

India’s share markets closed nearly flat with Sensex and Nifty settling in slightly lower as a profit-booking emerged in the shares of Reliance Industries, Maruti Suzuki and HDFC Bank. The BSE Sensex fell 25.36 points to end the day at 33,819.50 and NSE Nifty settled 14.75 points lower at 10,382.70. 

High Volatility hit in afternoon hours session as traders rolled over positions in the Future and Option (F&O) segment from the near month February 2018 series to March 2018 series. The F&O February 2018 contracts expired today. 

The Nifty Next-50 index seen a major drag led by a fall in shares of Siemens, Cummins India, Colgate-Palmolive, Bharat Electronics, Torrent Pharma Tata Power, PNB, Idea, Bank of Baroda, BHEL, LIC Housing Finance, Titan Co, DLF and SAIL. 

Nifty PSU Bank index plunged by 16 percent followed by Pharma index down 9 percent, Auto and FMCG index declined as much as 5% each. PowerGrid, Maruti Suzuki, Dr. Reddys, Eicher Motors, ONGC, were the top laggards on NSE, while Sun Pharma, Aurbindo Pharma, Adani Ports, Indusind bank and Mahindra Bank were top gainers on Nifty.

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Closing Update- Key indices opened marginally higher in the opening trade on Monday, but quickly turned negative zone, with BSE Sensex falling more than 100 points and NSE Nifty below 10,450. 

PSU bank stocks continued to trade lower in the second week after PNB disclosed a Rs. 11,400 crore fraud wearing away about Rs. 9,000 crore in market cap in three days. The stock of Gitanjali Gems also plunged about 10 percent in the morning. 

Shares Bank of Baroda, Syndicate Bank, Indian Bank, SBI, IDBI Bank, Bank of India, PNB, Union Bank of India

, Canara Bank, Allahabad Bank and Uco Bank were also down in banking stocks. 

Shares of Tata Steel Limited fell over 4 percent followed by a drop in shares of Adani Ports, Mahindra and Mahindra, Hindustan Unilever and L&T. 

Bench mark Nifty50 was trading down 39.70 points to 10,412.60 while BSE Sensex down by 211.46 point to 33,889. 

Nifty Gainers & Losers: Infratel (+1.11%), Vedanta (+0.86%) Ambuja (+0.70%), GAIL (+0.68%) and UltraTech Cement (+0.52%), were the top gainers on Nifty50. Tata Steel (-4.24%), Indiabulls (-1.94%) Zee (-1.97%), Bharti Airtel (-1.76%), and Tech Mahindra (-1.75%) were the top losers in today’s trade, at the time of this writing.

Stock Weekly Update- Sensex fall 287 Points, Nifty ends below 10,500

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Trading for the week ended on a negative zone as key benchmark indices settled with modest losses as rise in India's trade deficit in Jan 2018 weighed on sentiment. A rise in recent global crude oil prices has also hit the market mood. 

The BSE Sensex was down 286.71 points at 34,010.76 and the 50-share NSE Nifty was down 94.30 points at 10,451.20. BSE Mid and Small Cap were down 1.20 percent each. 

The Nifty PSU Bank cracked 2.49% and Nifty Bank fall 1.02%. Shares of Bank of Baroda fell 3.5%, State Bank of India, Syndicate Bank, Indian Bank shares down 3% each. 

SBI shares fell 2.55% to Rs. 271.75 after the bank said it has an exposure of USD 212 million in respect to LoU issued by PNB to Nirav Modi. Shares of PNB continued to stumble under selling pressure for the third straight days post detection of the fraud. The stock ended down by 2.10 percents. Sebi has initiated a probe into trading and disclosure related issues at PNB and Gitanjali Gems in connection with the banking fraud. 

Gainers & Losers on NSE: Ambuja Cement (up1.22%), Kotak Mahindra Bank (up 0.95%), Infosys (+0.92%).  Eicher Motors (down3.31%), Indiabulls HF (down 3.30%), SBI (down 2.62) and Yes bank (down 2.44 %)

Nifty at 10,545, Sensex closes 141 points up, PNB shares fall 12%

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Closing Update- Benchmark indices settled with modest gains after volatile session of trade on Thursday. The barometer index, BSE Sensex was up 141.52 points at 34,297.47 and the NSE Nifty gained 44.60 points at 10,545.50. Firmness in global stocks helped gains on the Exchanges. Bank stocks plummeted on PNB's Rs 11,300-cr Letter of Undertaking scam.

The BSE index fell from intraday peak of 34,535.08 on account of fresh selling momentum in capital goods, infrastructure, consumer durables and realty stocks amid constant global cues. However, oil and gas, FMCG, metal, IT and stocks remained investors' favorite.

Punjab National Bank continued its journey on second day with the stock slipping about 12%. The top management of PNB assured that the bank will honor all their bona-fide commitments and will take action against the alleged offenders

Nifty shuts with moderate gains but ends near day's low. The PSU bank index which has been trading in the green zone in early trades erased all its gains and was the top loser of the day followed by the realty, pharma and media index.

Winners and Losers on NSE: Bharat Petroleum Corporation Limited, Hilando, ICICI Bank, Vedanta, HPCL were gainers at a tune of 3.38 % to 2.14%. On the other hand, Indiabulls HF, Aurobindo Pharma, Cipla, Bharti Airtel and Zee Entertainment were losers.

Nifty at 10500, Sensex falls 144 points, Stock Option Trading Tips

Key indices settled lower after choppy trades on Wednesday’s closing, with the nifty settling at 10,500 and Sensex closing 144 points lower. Banking stocks suffered most with Nifty PSU Bank down 4.78% and Nifty Bank 1.40%. 

The NSE Nifty 50 fell 38.85 points or 0.37 percent to 10,500.90 whereas BSE Sensex closed lower by 144.52 points, or 0.42 percent to 34,155.95. 

Nifty PSU Bank was down 5% as Punjab National Bank (PNB) fell over 10% after the bank said it detected over USD 1.77 billion fraudulent transactions. 

Oriental Bank of Commerce, Allahabad Bank, Bank of India, Union Bank of India and Canara Bank plunged at a range of 5 to 8 percent. 

Among the sectoral indices, energy, telecom, capital goods and industrials traded higher.

Coal India, Bharti Airtel, Reliance and Adani Ports were among the major gainers, whereas shares of Yes Bank, Axis Bank, ONGC and State Bank of India fell.

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Nifty above 10500, Sensex up 294 points, ahead of inflation data

Closing Update- Sensex and Nifty closed higher on Monday, regaining from their biggest weekly fall since August. Trading in US index futures showing Dow could rise and gains in Asian & global stock markets also elevated sentiment. 

The BSE Sensex closed higher by 294.71 pts to 34,300.47, while the NSE Nifty rose 84.80 points to close at 10,539.75. BSE MidCap rose 1.31% and SmallCap rose 1.60%, each, outshining the Sensex. 

All the sectoral indices on BSE, excluding IT and Teck, ended higher driven by realty, power, utilities and capital goods. Shares of Oil and Natural Gas Corp Ltd (ONGC) climbed as much as 3.8 per cent to Rs 194.5, their highest since February 2. The stock posted its biggest intraday percentage gain since January 23. 

Shares of Tata Steel, IndusInd Bank, Yes Bank and Power Grid were major movers, while SBI, Infosys, Mahindra & Mahindra and ITC were among the major losers. 

All the sectoral indices of NSE ended in positive zone with Nifty IT index and Nifty PSU Bank index. Nifty Bank, Nifty Financial sector, Nifty Media, Nifty Auto, Nifty Metal, and Nifty Realty & Nifty Pharma led the charge rising upto 1.7% while Nifty IT and Nifty PSU Bank shed up to 0.6%. 

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Nifty ends below 10,500; Sensex closes 561 pts lower amid global rout in equities

Closing Update- BSE Sensex closed lower by 561.22 points to 34,195.94, while the NSE Nifty fell 168.30 points to close at 10,498.25. All the sectoral indices closed lower with IT sector losing the most at 2.80 percent. 

Nifty pulls out losses to fourth straight trading session on Tuesday as the global sell-off runs over to the Indian markets, however, Nifty and Bank Nifty improved towards the end erasing partial losses led by gains in the PSU Banks and Nifty private Banks. 

Among BSE IT stocks, HCL Technologies (down 3.87%), Tech Mahindra (down 3.66%), TCS (down 3.58%), Infosys (down 2.62%), Oracle Financial Services Software (down 1.64%) and Wipro (down 1.31%) edged lower.

Lupin, Tata Motors, HCL Tech, Tech Mahindra and TCS were biggest losers among Nifty 50 stocks, falling 6 to 3% while Bajaj Finance, ICICI Bank, Tata Steel, Eicher Motors and Bharti Airtel were tog gainers.

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Sensex sheds 309 points, Nifty below 10,700, Tomorrow Prediction

Key indices fell for a fifth consecutive session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares plunged, while concerns remained that the RBI would turn more hawkish at its policy meet later this week. 

The BSE Sensex ended lower by 309.59 points to 34,757.16, while the NSE Nifty fell 94.05 points to 10,666.55. 

Top Sensex losers include HDFC, Larsen and Toubro, Kotak Mahindra Bank, IndusInd Bank and Bajaj Auto, while the top gainers were Bharti Airtel Ltd, Tata Motors, Power Grid, ITC and Sun Pharma. 

Capital goods stocks suffered losses among the BSE sectoral indices. Shares of Housing Development Finance Corporation Limited  (HDFC) and Hindustan Unilever Limited fell. 

Shares of L&T (down 3.65%), ABB India (down 2.95%), Siemens (down 1.54%), Thermax (down 2.33%) and BEML (down 1.72%) fell. Bhel (up 1.50%) edged higher. 

Nifty extends losses to third straight session, however, erases early losses to some extent to end near high point of the day. Bank Nifty comparatively under-performed the benchmark index as the concerns of rising bond yields weighed in. 

The Nifty Auto and PSU Bank index were among the top gainers whereas the Nifty IT index, Nifty Bank index were among losers.

Market Prediction Monday, Nifty falls below 10,800; Sensex crashes 800 points

The Budget impact dragged the equity indices as the introduction of long-term capital gains tax and 10% tax on distributed income from the equity-oriented mutual funds announced in the Union Budget highly disappointed investors’ sentiment. 

The Sensex down by a whopping 800 points while the Nifty cracked the 10,800-mark on continued selling. Market outlook suffered another setback after Fitch Ratings on Friday said high debt burden of the govt constrains India's rating upgrade. 

The flagship Sensitive Index (Sensex) nosedived by 839.91 points to quote at 35,066.75 points with all the sectoral indices trading in the negative territory. The 50-share Nifty of National Stock Exchange slumped 256.30 points, or 2.33% to 10,760.60 points at closing hours on the weekend. BSE MidCap was down 4.03 percent, while the SmallCap fell 4.65 percent. 

The Finance Minister also projected a fiscal deficit of 3.5% of GDP for current financial year against the earlier target of 3.2% which also triggered pace of selling by participants. 

NSE Stock top gainers are namely, Tech Mahindra (up 0.99%), HCL Tech (up 0.64%), TCS (up 0.46%), Infosys (up 0.6%) and Hindustan Unilever Limited (up 0.5%). Top Losers are UltraTech (down 5.77%), Bajaj Finance (down 5.58%), Bajaj Auto (down 5.21%), Gail India and IndiaBulls HF edged down by 4.70% each.

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Sensex, Nifty close lower on budget impact, PSU bank, pharma stocks fall

Key benchmark indices ended lower on Thursday after finance minister announced a long term capital gains tax for investing in equities. Bonds were range-bound, with Indian-rupee weakening against US dollar. 

Finance Minister has revised his fiscal deficit target for 2018 - 19 to 3.3 percent of GDP against the earlier target of 3 percent, after breaching the deficit target for 2017-18. 

The BSE Sensex closed lower by 58.36 points to 35,906.66, while the NSE Nifty-50 slipped 10.80 points to close at 11,016.90. 

Among the BSE sectoral indices, stocks of consumer durables, energy, healthcare, and oil and gas fell up to 1.73%, while on NSE, Nifty PSU Bank declined 1.98 percent, capital goods 1.40% and auto stocks zoomed 0.56%. Losses were mostly seen in consumer durables, pharma stocks and energy stocks, while Capital goods and auto sector stocks witnessed majority of the buying action. 

Mahindra & Mahindra, Eicher Motors, Bajaj Finance, L&T, Bajaj Auto are top gainers on NSE, on the other hand Sun pharma, ONGC, Dr. Reddys, Aurbindo pharma and Lupin were losers.