Nifty For Monday 27 May 2013

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Benchmark indices closed firm, riding a late surge, but finished roughly 3 percent lower week-on-week. Brokers say the mood is cautious after the global sell-off on Thursday, and back home, a mixed bag of quarterly earnings. The Sensex closed at 19704, up 30 points over the previous close, after touching a low of 19568.49 earlier in the day.

The Nifty ended 16.50 points higher at 5983.55. Tata Power, Tata Steel, Larsen, Sterlite Industries and ICICI Bank were among the key gainers in the Sensex, rising 2-4 percent. Healthcare and realty were among the worst performing sectors, while buyers queued up to buy shares of metal, banking and capital goods companies. Wockhardt led losers in the pharma sector, finishing around 6.5 percent down, after coming close to touching the lower end of the 20 percent intra-day circuit filter.

The stock has been under pressure since yesterday after the US FDA red flagged its export-oriented unit at Aurangabad. Sun Pharma shares fell around 4 percent after operating margins of its Israeli subsidiary, Taro Pharma, fell below analyst estimates.

Nifty Tips for Monday 27 May

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Market Trend : Nifty Share Tips 24 May 2013

Equity benchmarks plunged Thursday, as ripples of the crash in Japanese shares were felt across globe, with India being no exception. The mood was further soured by the weakness in the rupee and disappointing fourth quarter numbers from State Bank of India, the country’s biggest lender.

The 30-share Sensex fell 387.91 points or 2 percent to close at 19674.33, after touching a low of 19634 intra-day. The 50-share Nifty fell points to close at 5967.05, down 127.45 points.

Realty, power, capital goods, and banking were among the worst performers, while most pharmaceutical and FMCG shares benefitted from defensive buying.

Among frontline shares, Reliance Infra, Ranbaxy Labs, Jaiprakash Associates, SBI and DLF were the big losers, falling 7-10 percent.

The downturn was broad-based with midcaps and small caps too taking a beating.

Wockhardt shares plunged 20 percent after the US FDA raised a red flag about the company’s export plant at Aurangabad.

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Market Updates : Nifty Range || Levels || Tips 23 May 2013

Benchmark indices drifted lower Wednesday, as buyers chose to await cues from the US Federal Reserve before deciding on the next course of action. Renewed weakness in the rupee and tepid fourth quarter earnings from engineering major Larsen & Toubro weighed on sentiment.

The BSE Sensex closed at 20062.24 , down 49.37 points over the previous close. The Nifty shed 19.60 points to close at 6094.50.

Equity investors across the globe are keen waiting for US Federal Reserve chief Ben Bernanke’s speech tonight to see if he will signal a reversal of the monetary easing policy. If the Fed starts raising interest rates, it is expected that investors will start cutting exposure to commodities, especially gold, and plough a part of that money into equities.

Larsen & Toubro’s fourth quarter net profit declined 7 percent year-on-year, weighed down by higher interest cost, and was way below analyst estimates. A one-share-for-two-held bonus issue failed to pacify the market, and the stock fell 6 percent percent to close at Rs 1517.10.

Realty and capital goods shares were the worst performers today, while FMCG, healthcare and IT shares gained as investors sought refuge in defensive sectors.

The rupee fell to a near 6-month low today, and this has raised concerns that foreign investors may be tempted to book profits, fearing further weakness in the currency.

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Share Market Trend Tomorrow 22 May 2013

The 30-share Sensex fell 112.37 points to close at 20111.61, and the 50-share Nifty ended at 6114.10, down 42.80 points over the previous close.

Shares from the realty, auto, power and banking sectors struggled, while those from the IT services sector gained ground.

Indian equities have risen sharply over the last few weeks, in line with other emerging markets, with the widely held theory being that global investors are switching from commodities into equities.

However, fourth quarter earnings and macroeconomic indicators still do not make the case for Indian shares to be able to sustain recent gains.

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Nifty Tips For Tomorrow 21 May 2013

Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks ended in green.

The Sensex closed at 20223.98, down 62 points or 0.31% and the Nifty ended at 6156.90 down 30 points or 0.49 percent. About 1107 shares advanced, 1298 shares declined, and 141 shares were unchanged.

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