Closing Update: Sensex, Nifty Up supported by Metal, IT stocks

Benchmark indices ended with moderate gains, supported by gains in metal, IT stocks, following mixed global cues. The BSE Sensex rose 60.19 points to 33,940.44, while the NSE Nifty-50 up 11.95 points. Huge selling in bank shares capped gains in key indices. Shares of PSU oil marketing companies slumped following crude price rise. 

HDFC mutual fund has loaded shares of India’s third-largest private sector lender Axis Bank in its portfolio taking the stake to more than 1 percent in Axis Bank the financial year 2017-18 among one of the changes in the share-holding pattern in the last fiscal. 

Shares of Axis Bank have managed to return about 5 percent in the Financial year 2018 while the benchmark index Nifty Bank has jumped around 15 percent with HDFC Bank, Kotak Mahindra Bank and Indus

Ind Bank returning 25 to 35 percent.

Index heavyweights gave support with TCS (+2.46%) and Reliance Industries (+1.6%) higher. 

Shares of Oil marketing companies were the major losers due to a surge in crude prices and on account of report from the govt asking the companies to bear the trouble and not raise the retail diesel and petrol prices leading to a loss of about Rs 1.00 per litre. 

Gainers and Losers: Vedanta Ltd (+4.59%), Tata Consultancy Services Limited (+2.46%), Sun Pharma (+2.31%). On the other hand losers were oil companies such as BPCL (-7.92%), HPCL (-7.88%), IOC (-6.72%).

Sensex, Nifty gain on global rally as trade war worries ease

Closing Updates- Sensex, Nifty spiked for second consecutive day led by banks after the govt reduced its borrowing programme for the first half of the fiscal year 2019, and consequently government bond yields fell 28 bps, their steepest fall in 52 months, with the Ten-year bond yield falling to upto 7.35 percent from 7.62 percent. 

The govt plans to borrow Rs 2.88 lakh crore in the first half of the fiscal 2018-19 that begins in April, and it will borrow Rs 50,000 crore less for the full year 2018-19. 

The BSE Sensex rose 108 points to 33,174.39 and the NSE Nifty 50 index advanced 53 points to 10,184.15. All sector gauges of NSE ended higher led by the Nifty PSU Bank index's 3% gain. The Nifty Midcap 100 index rose 1.3% and the Nifty Smallcap index gained 1.7%.

Sectoral indices ended on a mixed note with IT stocks and automobile stocks leading the gainers, while metal and energy stocks ended the day in red. 

Bank stock rose to a wider extent. On NSE, Nifty PSU Bank index finished in green with stocks of IDBI Bank, Indian Bank, Union Bank of India, PNB, SBI, Bank of India, Oriental Bank of Commerce and Andhra Bank rising 2 to 6 percent. All the sectoral indices of NSE ended in red with Nifty PSU Bank, Nifty Metal and Nifty Bank. 

Gainers & Losers on NSE: Indian Oil Corpn, Indiabulls Housing Finance, Hindustan Petroleum Corpn, Hindalco Industries and State Bank of India were top five Nifty gainers, whereas Losers include Infratel, Bharti Airtel, Bajaj Auto, Tata Motors and HDFC.

Closing Updates- Sensex up 600 pts, Nifty reclaims 10,400, Tomorrow Stock Tips

Indian equity market made a strong comeback on Monday after a subdued activity for last one week with Sensex rising up 610.80 points to 33,917.94, while Nifty rose 194.55 points to 10,421.40.  

Shares ITC emerged as the major booster in uplifting the key equity indices followed by a continued rally in shares HDFC, Reliance, ICICI Bank, Axis Bank, Infosys, NTPC, HDFC Bank, L&T and Bharti Airtel, were the lead gainers in Sensex components. 

All the sectoral indices excluding Nifty PSU Bank index ended in green with Nifty FMCG, Nifty Private Bank, Nifty Metal, Nifty Auto, Nifty Bank, Nifty Financial Services leading the charge rising up to 2%. 

Among the PSU bankers, shares of IDBI Bank, Central Bank of India, Andhra Bank, Union Bank of India, UCO Bank faced the major jolt with stocks of IDBI Bank and Andhra Bank dropping up to 9 percent. Shares of most of the Midcap & Smallcap companies also gained in line with large-cap stocks, as the broader market indices of NSE, Nifty Next 50, Nifty 100, Nifty 200, Nifty 500 etc rose 0.8 to 2 percent. 

The govt will release inflation data based on consumer price index and industrial production data in later hours today.

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Friday Closing Update- Nifty hits 10,894 marks; Sensex surges over 250 points

Trading for the week ended Friday on a buoyant note as Sensex, Nifty settled with decent gains and kept up their record high hitting streak. The BSE Sensex rose 251.29 points at 35,511.58, while the NSE Nifty 50 index advanced 77.70 points at 10,894.70, as per closing data.

Shares of Adani Ports, Yes Bank and ICICI Bank were at the top in gains, while Infosys, Sun Pharma and Power Grid were major laggards.

Nifty Bank index carried on to support the market, rising 150 points, led by stocks of Punjab National Bank, ICICI Bank, SBI, Canara Bank, Bank of Baroda, HDFC Bank and Kotak Mahindra Bank.

BSE Bank index rose 456 points, following strong earnings from Kotak Mahindra Bank and HDFC Bank. In the Sensex, shares of SBI, Adani Ports, ICICI Bank, Axis Bank, Yes Bank rallied by more than 2 percent each.  

Shares of ITC Ltd rose on BSE 0.37% at Rs. 273.85 after the company's net profit rose 16.75% to Rs 3090.20 crore. Shares of HCL Technologies rose 0.30% at Rs. 957.75 after company’s consolidated net income rose 0.3% to Rs 2194 crore.

Tomorrow Stock Market Prediction (Monday) 22 Jan 
BUY GRUH ABOVE 619.5 TARGETS 625.5, 631.5, 637.5 STOPLOSS- 607.0
BUY PGEL ABOVE 458 TARGETS 462, 466, 470 STOPLOSS- 450

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