Nifty Updates : Share Tips For Monday 20 May 2013

Shares crawled higher Thursday, as investors trod cautiously with benchmark indices quoting at their highest levels in nearly two-and-a-half years. Buyers shifted attention to mid-cap shares, as these are now beginning to look attractive relative to frontline shares, which have risen sharply over the last month.

The 30-share BSE Sensex closed at 20247.33, up 34 points after touching a 30-month high of 20326 intra-day. The 50-share Nifty closed at 6169.90, up 23.15 points over the previous close. Key earnings announcements today included those of Bajaj Auto and Reliance Capital. Bajaj Auto shares closed marginally lower even though the net profit figure was better than analyst estimates. Reliance Capital shares closed flat after reporting a decline in fourth quarter earnings.

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Market Tomorrow : Nifty Trend For 17 May 2013

Shares crawled higher Thursday, as investors trade cautiously with benchmark indices quoting at their highest levels in nearly two-and-a-half years. Buyers shifted attention to mid-cap shares, as these are now beginning to look attractive relative to frontline shares, which have risen sharply over the last month.

The 30-share BSE Sensex closed at 20247.33, up 34 points after touching a 30-month high of 20326 intra-day. The 50-share Nifty closed at 6169.90, up 23.15 points over the previous close. Key earnings announcements today included those of Bajaj Auto and Reliance Capital. Bajaj Auto shares closed marginally lower even though the net profit figure was better than analyst estimates.

Reliance Capital shares closed flat after reporting a decline in fourth quarter earnings. Shares of Apollo Hospitals, Glaxo smith kline Consumer, Wockhardt and OIL India firmed up on news of their being included in the Morgan Stanley Capital International Index from June.

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Nifty For Tomorrow : Market Trend 8 May

The Indian markets ended 1 per cent higher on Tuesday with both benchmark indices hitting their highest intraday level since February 4, as foreign institutional investors bought frontline stocks on expectations of further rate cuts and pick-up in economic activity.

The 30-share index closed at 19888.95, up 215.31 points or 1.09 per cent. It touched a high of 19,917.88 and a low of 19,697.33 in trade today. The Nifty ended at 6,043.55, up 72.50 points or 1.2 per cent. It touched a high of 6,050.50 and a low of 5,982.95 in trade today. 

Foreign institutional investors have pumped in a staggering Rs 2,600 crore in the Indian stock market during the first two trading sessions of the month amid political and economic worries, as per report released on May 05.

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Nifty Blog : Nifty Trend For Tomorrow 7 May 2013

The Nifty picked momentum in the afternoon and closed near day's high on Monday after banking stocks moved in the positive territory even as the online portal Cobrapost's sting operation alleged 23 public and private sector banks were involved in money laundering activities.

The 50-share index ended at 5,975.10, up 31.10 points or 0.52 per cent. It touched a high of 5,976.50 and a low of 5,928.45 in trade today.

The Bank Nifty closed at 12,435.65, up 42.05 points or 0.34 per cent. It touched a high of 12,436 and a low of 12,188.30 in trade today. The S&P BSE Sensex closed at 19,666.87, up 91.23 points or 0.47 per cent. It touched a high of 19,694.29 and a low of 19,554.31 in trade today. The S&P BSE Midcap Index rallied 1.15 per cent and the S&P BSE Smallcap Index was 0.98 per cent higher.

Among the sectoral indices, the S&P BSE Metal Index was up 1.96 per cent, the S&P BSE IT Index was 1.95 per cent higher and the S&P BSE Auto Index gained 1.40 per cent.

The S&P BSE FMCG Index declined 0.84 per cent. Hindalco IndustriesBSE 3.52 % (3.72 per cent), Tata SteelBSE 3.58 % (3.63 per cent), Asian Paints (3.30 per cent), TCS (3.28 per cent) and NMDC (2.77 per cent) were among the top Nifty gainers. Shares of Hindalco extended gains after copper prices gained momentum on London Metal Exchange following a rate cut by the European Central Bank. Kotak BankBSE -1.49 % (1.49 per cent), ONGC (1.44 per cent), ITC (1.39 per cent), Ambuja Cements (1.35 per cent) and ACC (1.21 per cent) were among the top losers. Market breadth was positive on the NSE with 758 gainers against 525 losers.

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Market Closing : Nifty Tips For Monday 6 May 2013

Investors seem to be on selling mode today as the Nifty slipped closer to 5950 led by rate sensitives. The Reserve Bank of India delivered its policy in line with street estimates. It has slashed the repo rate by 25 basis points to 7.25 percent and left cash reserve ratio (CRR) unchanged at 4 percent.

However, the tone was hawkish and the central bank warned there is ‘little space’ for further monetary easing. The Nifty fell 55.35 points to close at 5944 while the Sensex was down 160 points to end at 19575.64. The Bank Nifty lost 2.5 percent while BSE Bankex was down 2.4 percent. Other rate sensitives like BSE Realty index (down 1.4 percent), BSE Auto (down 1.5 percent) too lost investors’ confidence. However, metals, technology and capital goods stocks were on buyers’ radar.

The midcap index (down 0.3 percent) saw smaller cuts as Canara Bank, Allahabad Bank And Karnataka Bank were down 3-4% each. GMR Infra fell 2.1 percent while HDIL was down 1.2 percent. Tata Motors (down 3.8 percent), SBI (down 3.6 percent), ICICI Bank, GAIL and Bajaj Auto were the major losers in the Sensex.

Meanwhile, Jindal Steel, Hindalco, Tata Steel, Sun Pharma and Sterlite were the top gainers of the day.

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