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Showing posts from December, 2017

Nifty breaks out of three day consolidation phase

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Nifty formed a bullish candlestick pattern on the daily chart. Our smaller time frame chart analysis indicates the index has broken out from a three day consolidation phase. This indicates the current upswing remains intact. Projections of the breakout indicates that Nifty may make an attempt to rally towards the 10610 levels. On the downside, 10450 is crucial support zone. Bank Nifty on the other hand, continues to consolidate in a tight trading range. Going forward, 25400 would act as important support zone. While upside is capped around the 25750 levels in the short term.

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The Five Biggest Stock Market Myths

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Many investors wonder whether or not investing in stocks is worth all the hassle. At the same time, however, it's important to keep a realistic view of the stock market. Regardless of the real problems, common myths about the stock market often arise. Here are five of those myths.

1. Investing in Stocks Is Just Like Gambling.
This reasoning causes many people to shy away from the stock market. To understand why investing in stocks is inherently different from gambling, we need to review what it means to buy stocks. A share of common stock is ownership in a company. It entitles the holder to a claim on assets as well as a fraction of the profits that the company generates. Too often, investors think of shares as simply a trading vehicle, and they forget that stock represents the ownership of a company.
In the stock market, investors are constantly trying to assess the profit that will be left over for shareholders. This is why stock prices fluctuate. The outlook for business condi…

Nifty above 10,500 mark; ITC, HDFC stock lead

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Domestic benchmark indices opened higher today taking cues from the US and other Asian equities and led by gains in infrastructure, metal and pharmaceutical companies.
At 11:06 AM, the BSE Sensex was trading at 33,998, up 150 points, while the Nifty50 Index was ruling at 10,516, up 38 points.
The Nifty Metal Index rose 0.6%, tracking higher global commodity prices. Copper prices, often used as an indicator of global economic growth, held onto gains to trade near a four-year high following strong import numbers from China earlier this week.
The Nifty Pharma Index, up 0.6%, continued to gain for the second consecutive session led by gains in shares of Lupin, Dr. Reddy's Laboratories and Sun Pharmaceuticals.
Shares of Reliance Communications rose 21% as the company plans to sell its wireless infrastructure assets, including spectrum, tower, fibre, and media convergence nodes, to Mukesh Ambani-led Reliance Jio Infocomm. 
Shares of Jaiprakash Power Ventures rose 13% on reports Canadia…

Nity slips below 10,500 mark; IOC, SBI stock slip

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Benchmark indices were trading lower ahead of the expiry of futures and options contracts at the end of the session.
Shares of metal companies held onto their gains from earlier in the session on firm global base metal prices.
Among sectors, Nifty Metal, Realty, and FMCG were up, while Nifty PSU Bank and Pharma Index were down today.
At 3:17 PM, the BSE Sensex was trading at 33,830, down 81 points, while the Nifty50 was ruling at 10,471, down 20 points.
Axis Bank's stock dropped 1% after market regulator Sebi ordered the lender to conduct a probe into an alleged data leak.
The BSE Midcap was up 0.26% and BSE Smallcap Index gained 0.56%.
Volatility index India VIX fell over 1.2%.
Hindalco (+4.1%), UPL (+3.3%), Vedanta (+1.7%), HUL (+1.8%) and Lupin (+1.4%) were the top gainers on Nifty50.
Axis Bank (-1.3%), SBI (-1.2%), Hero MotoCorp (-1%), IOC (-0.87%),  and Sun Pharma (-0.82%) were the top losers in today’s trade.
Out of 1,998 stocks traded on the NSE, 959 advanced, 712 declined…

10 golden rules of investing in stock markets

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The lure of big money has always thrown investors into the lap of stock markets. However, making money in equities is not easy. It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market, among others. 1. Avoid the herd mentality 2. Take informed decision 3. Invest in business you understand 4. Don't try to time the market 5. Follow a disciplined investment approach 6. Do not let emotions cloud your judgement 7. Create a broad portfolio 8. Have realistic expectations 9. Invest only your surplus funds 10. Monitor rigorously

And Team Smart Money Financial Services Also Work With This Rules....
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Sensex, Nifty remain firm; Sun Pharma, HUL stocks gain

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The BSE Sensex hit another record high on Wednesday on the back of a rally in healthcare, power and oil stocks. However, the NSE Index Nifty was trading flat.
At 12:55 PM, the BSE Sensex was trading at 34,051, up 40 points, while the Nifty50 Index was ruling at 10,535, up 4 points. The Midcap Index hit a 52-week high today.
Shares of oil exploration companies were trading higher after crude oil prices in international markets rose to highest level since mid-2015. Aban Offshore stock rises 3%. Hindustan Oil Exploration advances 1%.
Shares of Srikalahasthi Pipes fell 2% today, as  the company has fixed the issue price for its qualified institutional placement of shares at Rs360.50 apiece, a discount of 12% to the  current market price.
Shares of Sun Pharmaceutical Industries climbed over 5% as the US Food and Drug Administration has accepted a new drug application filed by its subsidiary for OTX-101, an ophthalmic solution.
Among BSE sectoral indices, healthcare index gained the most b…

Sensex, Nifty rally; RCom stock jumps 36%

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Benchmark indices were largely flat in the afternoon with the Nifty50 hovering around the 10,500 mark. On the Nifty50 Index, Bosch was the top performer, up 1.6%, while NTPC fell 0.9% and was the biggest laggard.
At 2:12 PM, the Sensex was down 17 points at 33,923, and the Nifty down 4 points at 10,489.
Among stocks, shares of Larsen & Toubro were trading marginally down after the company said it had received orders worth Rs3,355cr from India International Convention & Exhibition Center.
Shares of NBCC (India) slipped 1% after reports said that the Central Bureau of Investigation has filed corruption charges against the company's chairman Anoop Kumar Mittal.
ADAG stocks gained on reports that Hinduja Group and Reliance Anil Dhirubhai Ambani Group are in advanced talks for mega defence alliance. Reliance Naval was trading 4% up, while Reliance Communication was up around 14%.
Coromandel International touched 52-week high, gaining 4% as it is going to acquire bio-pesticides…

Nifty, Sensex hit lifetime highs; TCS gains 1.5%

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Shrugging off the weak cues from most Asian markets, domestic stock market started the holiday-truncated week on a marginally positive note and the benchmark indices notched fresh lifetime highs, led by gains in shares of  Tata Consultancy Services and metal and mining companies.
At 9:49 AM, the Nifty50 at 10500 points, up 7.50 points, or 0.1% from previous close after hitting a record high of 10515.10 points. BSE Sensex peaked to a lifetime high of 34005.37 today and now its trading at 33.86 points, or 0.1% higher at 33974 points.
Shares of TCS rose 1.5% in early trade after a report said the software major is confident that global corporations will renew large outsourcing contracts even as the number of such deals from new customers shrink.
IOC and BPCL are both keen to acquire gas utility GAIL India Ltd to become fully integrated energy companies.
The broader gains were also supported by positive traction in shares of GAIL India, Vedanta, Oil and Natural Gas Corp and Coal India, u…

3 stocks likely to get on a hot streak

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Historically traders have been using moving averages to generate buy and sell signals on stocks. Moving averages are often used in trending markets where the best trading opportunities are obtained as compared to the sideways market wherein whipsaws or false signals are generated.

Buy/Sell signals based on a crossover:A buy signal is generated when a bullish crossover occurs i.e. the short term moving average crosses the long-term moving average, popularly referred to as a golden cross. For example, when the 89-day EMA crosses above the 200-day EMA, a bullish trade can be initiated.

Price 89 Period EMA Action /View Technical Term Trading Above 200EMA Crosses above 200EMA Bullish Golden cross Stocks

Sensex hits record high

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Indian equity indices extended gains led by Infosys, SBI, ICICI Bank and TCS.
At 2:07 PM, BSE Sensex was trading at 33,929, up 173 points and the broader Nifty50 index was ruling at 10,485, up 45 points.
In broader markets, the BSE Miidcap and BSE Smallcap indices were up 0.28% and 0.67%, respectively.
TCS was up 1% after report indicated that the company renewed $2.25 bn deal with Nielsen till 2020 and also after Accenture earnings.
Shares of Navin Fluorine International extended gains for the sixth consecutive session and rose over 3% after the company revealed its Rs115cr capacity expansion plan.
Shares of SRS Ltd were up 3% after the company said it is in the process to sell its grocery retail business for Rs320 mn.
Shares of eClerx Services extended gains and rose nearly 4% on the company's share buyback plan.
Among sectors, PSU Bank, IT, Nifty Auto and Nifty FMCG were up, while Nifty Metal index was down 0.42%. The latter was the sole laggard among sectoral indices.

Infosys…

Nifty above 10,450 mark; HDFC, TCS stock up

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Share indices were higher tracking the strength in global markets and due to gains in index heavyweight ITC, Tata Consultancy Services and Reliance Industries.

Most Asian indices were up tracking overnight gains in US equities, which ended higher, led by banks and energy stocks and robust US GDP data.

At 9:52 AM, BSE Sensex was trading at 33,823, up 67 points and the broader Nifty50 index was ruling at 10,457, up 18 points.

In broader markets, the BSE Midcap and BSE Smallcap indices up 0.40% and 0.65% respectively.

In specific stocks, Shares of Steel Strips Wheels gained 1% after the company bagged an export order worth $2.15 mn.

Shares of SRS rose 2% as the company will be selling its grocery retail operations to Spencer's Retail.

Dilip Buildcon has been awarded two new EPC projects valued at Rs517.81cr by Ircon International. The stock gained 3%.

Among sectors, Nifty Auto and Nifty FMCG were up 0.3% and 0.2% respectively, while Nifty IT index was down 0.10% is the sole laggard …

Sensex, Nifty volatile; M&M, Maruti stock slip

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Benchmark indices were trading marginally higher amid mixed cues from other Asian markets. The gains on indices were led by index heavyweights such as the L&T, HDFC, Infosys and Hero MotoCorp. The rise though was capped by selling in other index constituents such as M&M, Axis Bank and Maruti Suzuki.
At 1:17 PM, the BSE Sensex was trading at 33,775, down 3 points, while the Nifty50 was ruling at 10,449, up 5 points.
Among BSE sectoral indices, capital goods index gained the most by 1.69%, followed by infrastructure 1.2%, realty 0.99% and power 0.89%. On the other hand, auto index was down 0.49%, FMCG 0.28%, consumer durables 0.23% and IT 0.19%.
M&M stock slipped over 3.5% as the shares turn ex-bonus from today.
Unitech, RCom, DB Realty and Sun TV stock soared after a special CBI court acquitted all accused in the 2G Spectrum Scam.
Shares of Gayatri Projects extended gains and rose 1% as a joint venture of the company has secured an order worth Rs1,339cr from the National H…

Sensex, Nifty trade flat; Unitech stock zooms 14%

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Sensex and Nifty were trading flat due to lack of directional cues from global markets.
At 11:23 AM, the BSE Sensex was trading at 33,794, up 17 points, while the Nifty50 was ruling at 10,455, up 11 points.
Among BSE sectoral indices, realty index was the star-performer and was up 3.01%, followed by metal 0.75%, infrastructure 0.69% and capital goods 0.64%. On the other hand, banking index fell 0.34%, auto 0.3% and PSU 0.18%.
Unitech, RCom, DB Realty and Sun TV stock soared after a special CBI court acquitted all accused in the 2G Spectrum Scam.
Shares of Ashiana Housing rose 2% after SBI Mutual Fund bought 1.7% stake in the company on Wednesday through a bulk deal on the NSE.
Shares of Urja Global were locked in the 5% upper circuit as the board of the company approved the issue of 26.54 mn compulsorily convertible preference shares to MK Star Development.
Shares of Varun Beverages rose 7.3% after the company approved a proposal to enter into a binding agreement with PepsiCo India.

Sensex, Nifty trade higher; Unitech, DLF stocks gain

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Share indices recouped their early losses, led by gains in shares of realty, media and automobile companies.

At 3:01 PM, the BSE Sensex was trading at 33,862, up 41points, while the Nifty50 was ruling at 10,477, up 14 points.

Among specific stocks, shares of Torrent Pharmaceuticals rose 1% after the company's Dahej unit in Gujarat received approval from German drug regulator to export five bulk drugs.

Shares of Unitech recovered from early session weakness and surged 5% after the National Company Law Tribunal today adjourned sine die the government's plea seeking to take over the management of the company.

Shares of Amara Raja Batteries extended gains to the second straight session and jumped 4% after the company said it has commissioned the first phase of its two-wheeler battery plant in Chittoor, Andhra Pradesh.

HDFC Bank informed exchanges that the board of directors today has approved raising of funds aggregating up to Rs24,000cr. Stock down marginally.

In broader markets, the …

Nifty trades above 10,450 mark; Realty, Pharma Index up

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Indices remained in a rangebound around previous closing values, after hitting record highs in the opening. The BSE Sensex is trading higher led by L&T, ICICI Bank, Maruti and Tata Motors.

At 11:38 AM, the BSE Sensex was trading at 33,869, up 32 points, while the Nifty50 was ruling at 10,476, up 13 points.

HDFC Bank informed exchanges that the board of directors today has approved raising of funds aggregating up to Rs24,000cr.

Shares of Strides Shasun jumped 3%. The pharmaceutical company plans to acquire 55% stake in South Africa-based Trinity Pharma for a cash consideration of Rs27.5cr.

Shares of the Morepen Lab rose as much as 14% after it received a green signal from US drug regulator for its drug - Montelukast Sodium, used to treat asthma.

In broader markets, the BSE Midcap was up 0.53%, while BSE Smallcap gained 0.89%.

PSU Bank, Metal, Pharma and Bank Nifty Index are the top losers on the NSE, while Nifty Realty, Pharma, IT, Metal, Media and Auto Index were the top …

Check out the stocks that outperformed in the flat week

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During the week dated December 11 – December 15, 2017, market was volatile. November CPI shooting up to 15-month high and IIP output growth slowing to a 3-month low of 2.2% in October, FED’s decision of hiking interest by 25bps and rising crude oil prices led to volatility in the market. 

Nifty 50 touched a low of 10,192 levels. However, on Friday December 15, 2017 Nifty 50 and Sensex closed 81 and 216 points up respectively.

Exit Poll predictions indicated that BJP will emerge as a winner in both Gujarat and Himachal Pradesh assembly polls. This provided the impetus to Nifty to regain the losses the index incurred during the week.

On Friday, on back of this exit polls outcome, the markets witnessed an upward run. This enabled the index to close on a flat note with a positive bias. 

During the volatile week, there were stocks that have outperformed the Nifty50 index

Following are the stocks that outperformed the index:

Stock Price is RsCompanyDecember 11,2017December 15,2017GainDr. Reddys L…

News that mattered during the week

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Mahindra and Mahindra Ltd. to hike prices by up to 3% from Jan. 2018
HDFC Bank to consider fund raising proposal on Dec. 20
HDFC to consider fund raising on Dec. 19; to subscribe securities of HDFC Bank on preferential basis Unichem Laboratories completes sale and transfer of its domestic formulations business to Torrent Pharmaceuticals
L&T commissions 225 MW Sikalbaha combined cycle power plant in Bangladesh
Fitch places IDBI Bank under ratings watch saying that an upward viability rating is more likely than a downgrade
Godrej Industries approves merger of promoter group company Vora Soaps with itself
Tata Motors to supply 250 Tigor EVs to EESL
Maruti Suzuki to raise vehicle prices by 2% from January
Tata Communications to transfer surplus land to Hemisphere Properties which will be subsequently listed
RBI increases Manpasand Beverages’ FII limit to 49% from 24% and allows further FII buying
IVRCL, Ruchi Soya, Orchid Pharma and Jaiprakash Associates part of RBI’s second list of …