Wednesday, 21 February 2018

Sensex Opens Over 100 Pts Lower, Nifty Around 10,350 | Today Stock Market News Outlook 22 FEB 2018.

OPENING BELLS

NIFTY ( 22th feb 2018) Trend : down Preopening Price : 10360.55 Gap down : -33.55 (0.33%) Support : 10152-10248 Resistance : 10632-10540

SENSEX (22th feb 2018) Trend : down Preopening Price : 33840.50 Gap down : -2.50 (0.1%) Support : 33642 -33312 Resistance: 34053 - 34388 

BANK NIFTY ( 22th feb 2018) Trend : down Preopening Price: 24812.25 Gap down : -124 (0.50%) Support : 24612-24422 Resistance :25042-25312



Benchmark indices began the day on a negative note, with the Sensex cracking over 100 points. The Nifty was trading below 10,350-mark.

The Sensex is currently down 117.85 points or 0.35% at 33727.01, and the Nifty is down 52.95 points or 0.51% at 10344.50. The market breadth favours the decline as 192 shares advanced, against a decline of 329 shares , while 91 shares are unchanged.

All sectoral indices are trading in the red, while midcaps are also trading weak. Nifty PSU bank index is down over 1 percent.

Wipro, Bajaj Auto and Kotak Mahindra Bank are the top gainers, while ONGC, BPCL, Aurobindo Pharma and SBI have lost the most.

The Indian rupee declined in the early trade on Thursday. It has opened lower by 29 paise at 65.05 per dollar versus 64.76 Wednesday.

Mohan Shenoi of Kotak Mahindra Bank said, "US FOMC minutes caused market volatility with US treasury yields touching a new high, US stock markets reversing early gains and dollar strengthening further."

"Recent negative developments in Indian banking sector has put pressure on the rupee. The USD-INR is expected to trade in a range of 64.75-65.05 for the day."

Thursday, 15 February 2018

Sensex, Midcap Gain 150 pts; Nifty Hits 10,600 in Opening | Today Stock Market Outlook 16 FEB 2018.


NIFTY ( 16th feb 2018) Trend : down Preopening Price : 10592.55 Gap up: 46.55 (0.44%) Support : 10252-10442 Resistance : 10733-10845

SENSEX (16th feb 2018) Trend : down Preopening Price : 34412.50 Gap up: 133.50 (0.33%) Support : 33844 -33935 Resistance: 34612 - 34832

BANK NIFTY ( 16th feb 2018) Trend : down Preopening Price: 25511.25 Gap up : 87.80 (87.8%) Support : 25025-25110 Resistance :25648-25732  



Equity benchmarks extended previous day's gains on last day of the week, with the Sensex, Nifty Bank and Midcap indices rising around 150 points each, tracking positive global cues.

The 30-share BSE Sensex was up 149.65 points at 34,447.12 and the 50-share NSE Nifty rose 48.30 points to 10,593.80.

Punjab National Bank lost another 2 percent on top of 21 percent fall in previous two consecutive sessions. Gitanjali Gems tanked 19 percent on top of 20 percent correction in previous session.Nifty Midcap as well as Nifty Bank indices rallied 150 points each.

Wednesday, 14 February 2018

Sensex Gains 150 Pts, Nifty Midcap Outperforms | Today Stock Market Outlook 15 FEB 2018.

OPENING BELLS

SENSEX (15th feb 2018) Trend : down Preopening Price : 34192.50 Gap up: 35.50 (0.11%) Support : 33732 -33864 Resistance: 34466 - 34632 

NIFTY ( 15th feb 2018) Trend : down Preopening Price : 10528.55 Gap up: 27.55 (0.26%) Support : 10344-10456 Resistance : 10676-10786

BANK NIFTY ( 15th feb 2018) Trend : down Preopening Price: 25360.25 Gap up : 19.80 (0.8%) Support : 25025-25110 Resistance :25648-25732



Benchmark indices as well as broader markets gained around half a percent each, following positive lead from global peers.

The 30-share BSE Sensex was up 145.73 points at 34,301.68 and the 50-share NSE Nifty gained 46.80 points at 10,547.70.
About three shares advanced for every share falling on the BSE.

PNB plunged 8 percent and Gitanjali Gems lost 18 percent on transaction fraud.

Axis Bank slipped nearly 2 percent.

Bharti Airtel, Vedanta, Tata Steel, ICICI Bank, Yes Bank and Infosys were early gainers.

MT Educare and Zee Learn rallied 5 percent each post open offer. Infibeam gained 4 percent after board approves issuance of convertible warrants up to Rs 40 crore to Network18.

Welspun Enterprises, Shriram EPC, Cox & Kings and GTPL Hathway gained more than 3 percent while Repco Home Finance and Jet Airways fell over 2 percent post earnings.

Tuesday, 13 February 2018

Sensex Rises 100 Pts, Nifty Above 10,550 in Opening | Today Stock Market News Outlook 14 Feb 2018.

OPENING BELLS


NIFTY ( 14th feb 2018) Trend : down Preopening Price : 10585.55 Gap up: 45.55 (0.42%) Support : 10333-10439 Resistance : 10648-10732

SENSEX (14th feb 2018) Trend : down Preopening Price : 34436.50 Gap up: 135.50 (0.4%) Support : 33666 -33844 Resistance: 34432 - 34682

BANK NIFTY ( 14th feb 2018) Trend : down Preopening Price: 25810.25 Gap up : 108.80 (0.42%) Support : 25322-25110 Resistance :25622-25851



Market Check: Benchmark indices started off the day higher on Wednesday, with the Sensex rising around 100 points, tracking positive global cues.

The 30-share BSE Sensex was up 86.64 points at 34,387.11 and the 50-share NSE Nifty gained 29.70 points at 10,569.50.

About 1,101 shares advanced against 353 declining shares on the BSE.

Nifty Midcap index was up 142 points.Voltamp Transformers, NRB Bearings, Kolte-Patil, DLF, IOL Chemicals, Ester, Dilip Buildcon, NMDC, Britannia Industries, Ashok Leyland and Minda Industries gained 1-4 percent whereas JK Tyre and Motherson Sumi lost 2-4 percent post earnings.

Sunday, 11 February 2018

Sensex Rebounds 200 Pts, Nifty Above 10,500 | Today Stock Market News 12 FEB 2018.


NIFTY ( 12th Feb 2018) Trend : down Preopening Price : 10520.55 Gap up: 65.55 (0.62%) Support : 10333-10439 Resistance : 10648-10732 

SENSEX (12th Feb 2018) Trend : down Preopening Price : 34155.50 Gap up: 148.50 (0.44%) Support : 33666 -33844 Resistance: 34432 - 34682 



Benchmark indices as well as broader markets opened the truncated week sharply higher on Monday, driven by bargain hunting after sell-off last week.

The 30-share BSE Sensex was up 212.02 points at 34,217.78 and the 50-share NSE Nifty gained 69.10 points at 10,524.10.

About five shares advanced for every share falling on the BSE.

Nifty Midcap index was up over a percent.

NALCO, Oil India, Bata India, Sun TV Network, Marico and Amara Raja Batteries rallied 3-7 percent.
Manappuram Finance, Ashok Leyland, Cadila Healthcare and Capacite Infraprojects gained 2-5 percent. Suzlong Energy fell 3 percent.







Thursday, 8 February 2018

Sensex Tanks 500 Pts, Nifty Breaks 10,400 in Opening | Today Stock Market Outlook 09 FEB 2018.

OPENING BELL
SENSEX (9th Feb 2018) Trend : down Preopening Price : 34280.50 Gap down: -132 .50 (0.38%) Support : 33666 -33844 Resistance: 34432 - 34682

NIFTY ( 9th Feb 2018) Trend : down Preopening Price : 10390.55 Gap down : -186.55 (1.77%) Support : 10333-10439 Resistance : 10648-10732 

BANK NIFTY ( 9th Feb 2018) Trend : down Preopening Price: 25466.25 Gap down : -454.80 (1.35%) Support : 25322-25110 Resistance :25622-25851



Benchmark indices opened lower, tracking weakness in global peers.

The 30-share BSE Sensex was down 526.26 points or 1.53 percent at 33,886.90, and the 50-share NSE Nifty fell 177.50 points or 1.68 percent to 10,399.40.

Benchmark indices settled the trade sharply lower in pre-opening as the Sensex was down 410.71 points or 1.19 percent at 34,002.45 and the Nifty fell 160.40 points or 1.52 percent to 10,416.50.

Wednesday, 7 February 2018

Sensex Gains 100 Pts, Nifty Reclaims 10,500 in Opening | Today Stock Market Outlook 08 FEB 2018.

OPENING BELLS

NIFTY ( 8th Feb 2018) Trend : down Preopening Price : 10520.55 Gap up : 41.55 (0.4%) Support : 10333-10439 Resistance : 10748-10887 

SENSEX (8th Feb 2018) Trend : down Preopening Price : 34210.50 Gap up: 112 .50 (0.37%) Support : 33666 -33844 Resistance: 34432 - 34682

BANK NIFTY ( 8th Feb 2018) Trend : down Preopening Price: 25759.25 Gap up : 89.80 (0.35%) Support : 25535-25622 Resistance :26432-26562



Benchmark indices rebounded with mild gains on Thursday after shedding more than 2,000 points in previous seven consecutive sessions.

The 30-share BSE Sensex was up 94.37 points at 34,177.08 and the 50-share NSE Nifty gained 23.30 points at 10,500.

Cipla rallies 5 percent. Sun Pharma lost 2.6 percent post Taro earnings and Aurobindo Pharma was down 1 percent post Q3 earnings.

IOC shed nearly 4 percent as stock goes ex-dividend.

Nifty Midcap was up 0.3 percent on positive breadth.

Torrent Power, Prestige Estates, ICRA and SRF gained 1-4 percent. Gati, Hexaware and Dixon Technologies were down 1-4 percent.