Trader’s diary: Market awaits macro data for signs of turnaround after GST hit
Domestic market was upbeat on Monday, thanks to a surge in auto stocks and firm global cues. BSE Sensex hit one-month high of 31,882, while Nifty50 topped the 10,000 mark
1 New Update
08:01:19 PM IST, 11 September 2017
KARVY STOCK BROKING SETTLES CASE WITH SEBI
Karvy Stock Broking today settled a probe by Sebi into alleged non-compliance with various requirements, including the Know Your Client (KYC) due diligence. Sebi agreed to settle proposed adjudication proceedings in the case after it was approached by Karvy with a plea under the settlement regulations and paid Rs 6.8 lakh towards settlement charges.
07:56:52 PM IST, 11 September 2017
ETMarkets Evening Podcast: Nifty50 back at Mount 10K; what’s next?
07:23:27 PM IST, 11 September 2017
Nifty has broken the resistance of 10,000 and Bank Nifty has broken the resistance of 24,500 and after this breakout you can at least set the target of around 10,137 on Nifty and Bank Nifty you can set the target of around 25,100
- Manas Jaiswal, Manas Jaiswal Technical Research Group
07:17:59 PM IST, 11 September 2017
BONDS SLIP, CALL RATES FINISH LOWER
Government bonds slipped on selling pressure from banks and corporates and the Interbank call rates also finished lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system
07:03:46 PM IST, 11 September 2017
RUPEE OFF 1-MONTH HIGH, DROPS 15 PAISE TO 63.93
The rupee today retreated from its one-month high to end lower by 15 paise to 63.93 a dollar on overwhelming demand for the American currency from corporates and banks.
06:28:43 PM IST, 11 September 2017
In this sort of a market clearly the focus has to be on earnings growth from here. Hopefully from here on you will start seeing momentum picking up again. This is a market where from a longer term perspective the momentum remains strong, outlook also remains strong, reforms have been happening and I think that has been a clear positive
- Shibani Sircar Kurian, Kotak MF
06:28:23 PM IST, 11 September 2017
If you look at the market from a slightly longer term perspective we continue to remain fairly positive and constructive.
- Shibani Sircar Kurian, Kotak MF
06:14:03 PM IST, 11 September 2017
MATRIMONY.COM IPO SUBSCRIBED 67% ON DAY 1
The IPO of online marriage portal Matrimony.com got subscribed 67 per cent on the first day of the three day bidding on Monday. The issue received bids for 18,78,510 shares against the total issue size of 28,11,280 shares.
05:43:25 PM IST, 11 September 2017
It would be wise to not throw complete caution to the wind as markets assess the possible economic impact of hurricane Irma as it chews its way up the Florida coast.
- Karthikraj Lakshmanan, Senior Fund Manager – Equities, BNP Paribas Mutual Fund
05:24:28 PM IST, 11 September 2017
F&O: NIFTY50 SUPPORTS SHIFT HIGHER TO SEND BULLISH SIGNAL
The Nifty50 index surpassed its immediate hurdle at the 9,980 level and headed towards the 10,028 mark on Monday. The 50-stock pack registered the highest daily close in 23 sessions and managed to close above the psychological 10,000 mark
05:15:48 PM IST, 11 September 2017
Nifty50 index surpassed its immediate hurdle of 9980 zone and headed towards 10028 levels. It registered the highest daily close in last 23 trading sessions and managed to close above psychological 10000 mark. It formed a bullish candle on the daily chart and supports are gradually shifting higher. Now it has to continue to hold above 9980 zone to witness an up move towards 10050 then 10080 levels while on the downside supports are seen at 9928 then 9880 levels.
- Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal Securities
04:50:15 PM IST, 11 September 2017
TECH VIEW: NIFTY FORMS BULLISH CANDLE; CORRECTIVE RALLY AHEAD
The Nifty50 reclaimed the 10,000 mark on a closing basis on Monday, for the first time since August 7, 2017. In the process, the index formed a bullish candle on the daily chart.
04:46:03 PM IST, 11 September 2017
Domestic market inched up supported by positive impetus in global market due to weakened hurricane Irma in US and sign of melting geopolitical tensions. Investors are also awaiting the outcome of CPI Inflation, IIP data tomorrow for any turnaround after the disruption from GST
- Vinod Nair, Head of Research, Geojit Financial Services
04:23:49 PM IST, 11 September 2017
The kind of stocks which have moved up today is very encouraging for more upsides to follow because you do not really see Larsen & Toubro charge upward and then maintain the higher levels, you do not see paint stocks gain significantly and stay upward
- CK Narayan, Founder, Chart Advise
03:36:06 PM IST, 11 September 2017
CLOSING BELL: SENSEX HITS ONE-MONTH HIGH
Nifty tops 10K; L&T rallies 4%, Asian Paints 3%.
03:13:56 PM IST, 11 September 2017
L&T STOCK HITS 2 YEAR HIGH; MAY RALLY FURTHER
Shares of Larsen and Toubro surged as much as 4.49 per cent to hit Rs 1,225 on NSE in Monday's trade, its highest in two years. The scrip marked the intraday high and low of 1,225 and 1,153, respectively.
02:50:14 PM IST, 11 September 2017
THESE STOCKS SURGED UP TO 20% TODAY
Shares of Compucom Soft (up 20 per cent), Shree Ajit Pulp (up 20 per cent), Arfin India (up 20 per cent), RPG Life Sci (up 20 per cent), Liberty Shoes (up 19.99 per cent), Autolite India (up 19.99 per cent), Indbank Merc (up 19.95 per cent), Rasi Electrodes (up 19.92 per cent), Ausom Enterprise (up 19.88 per cent) and Adhunik Metalik (up 19.86 per cent) zoomed up to 20 per cent in Monday's session as domestic equity markets' traded in the positive trajectory.
02:30:43 PM IST, 11 September 2017
SC DIRECTS JP ASSOCIATES TO DEPOSIT RS 2,000 CR; SHARES TUMBLE
Shares of Jaiprakash Associates tumbled as much as 10 per cent after reports that the Supreme Court has directed the company to deposit Rs 2,000 crore by October 27 in relation with the insolvency proceedings involving Jaypee Infratech. The scrip was trading 6.42 per cent down at Rs 21.85.
02:11:13 PM IST, 11 September 2017
BSE MIDCAP INDEX HITS ALL-TIME HIGH
Decent gains in stocks such as Petronet LNG (up 5.98 per cent), Indian Hotels Company (up 3.75 per cent) and Tata Power Company (up 3.38 per cent) helped BSE MidCap index hit a fresh all-time high of 15,910 in Monday's trade. Petronet LNG hit a fresh 52-week high today.
01:47:11 PM IST, 11 September 2017
35 SMALLCAPS JHUNJHUNWALA, KEDIA, PORINJU BET ON SPIKE UP TO 322%
Continuous outperformance of smallcap stocks must be prodding investors to look for lucrative investment options within this category. Some do their own research while others follow market gurus like Rakesh Jhunjhunwala, Porinju Veliyath, Anil Kumar Goel and Vijay Kedia to spot potential bets. Data shows nearly 100 stocks are among favourites of superstar investors and they have surged over 300 per cent over the past 12 months.
01:20:38 PM IST, 11 September 2017
NEARLY 70 STOCKS HIT FRESH 52-WEEK HIGHS TODAY
Nearly 70 stocks, including Ashok Leyland, Bajaj Finserv, Bata India, Century Textiles, Colgate Palmolive (India), HDFC Bank, Hindustan Unilever, Indraprastha Gas, IndusInd Bank, Liberty Shoes, Maharashtra Scooters, Maruti Suzuki India, Nestle India, Page Industries, TVS Motor and Wipro hit fresh 52-week highs on NSE in Monday's trade.
12:44:51 PM IST, 11 September 2017
IT STOCKS FALL; INFOSYS AMONG TOP LOSERS
The S&P BSE Information Technology index erased gains of the morning session to turn volatile in Monday's trade, with shares of 63 Moons Technologies (down 5.02 per cent) cracking over 5 per cent. Smartlink Network Systems (down 1.55 per cent), Oracle Financial Services Software (down 1.34 per cent), Allsec Technologies (down 1.25 per cent), MIC Electronics (down 1.13 per cent), Rolta India (down 1.10 per cent) and Infosys (down 0.77 per cent) were the other losers of the index.
12:22:11 PM IST, 11 September 2017
HSBC DOWNGRADES EICHER MOTORS, BUT RAISES TARGET PRICE
Global financial services firm HSBC downgraded Eicher Motors to ‘Hold’ citing growth may moderate to high-to-mid teen levels in the coming quarters amid challenging premium valuations. However, HSBC raised Eicher Motors target price to Rs 35,000 from Rs 30,500 earlier.
11:55:50 AM IST, 11 September 2017
PAGE INDUSTRIES GAINS 2% ON EXPANSION PLANS
Shares of Page Industries gained nearly 2 per cent in Monday's trade after the company announced plans to double production capacity to 400 million pieces per annum in the next three years. Following the development, the stock advanced 1.72 per cent to Rs 18,884.45 on BSE. It opened at Rs 18,666 and touched an intraday high and low of Rs 18,899.15 and Rs 18,656.70 respectively.
11:28:28 AM IST, 11 September 2017
NIFTY RECLAIMS 10,000, SENSEX SURGES OVER 200 POINTS
11:16:43 AM IST, 11 September 2017
GAIL, RIL MOST ACTIVE STOCKS IN TERMS OF VALUE
Shares of Gail (Rs 101.45 crore), Reliance Industries (Rs 99.94 crore) and Larsen & Toubro (Rs 77.28 crore) were trading as the most active stocks in terms of value on NSE in Monday's early trade. They were followed by Infosys (Rs 68.83 crore), IndusInd Bank (Rs 53.16 crore), Vedanta (Rs 52.92 crore), Maruti Suzuki (Rs 52.32 crore), YES Bank (Rs 51.31 crore), Bajaj Finance (Rs 48.84 crore), United Spirits (Rs 46.67 crore), HDFC Bank (Rs 46.04 crore) and State Bank of India (Rs 41.61 crore).
10:56:01 AM IST, 11 September 2017
JYOTI STRUCTURES HITS 5% UPPER CIRCUIT
Shares of Jyoti Structures were locked at 5 per cent upper circuit limit in Monday's trade amid reports that Shapoorji Pallonji group and SSG Capital may jointly bid for power transmission tower maker. A media report suggested that KEC International and Kalpataru Power Transmission are also expected to pitch for majority stake in the company. Following the report, shares of advanced 5 per cent to Rs 11.29.
10:41:09 AM IST, 11 September 2017
BHEL GAINS ON SETTING RECORD DATE FOR BONUS ISSUE
Shares of Bharat Heavy Electricals gained as much as 1.60 per cent in early trade after the company announced that it has fixed September 30, 2017 as the record date for the purpose of issuance of 1:2 bonus issue. The scrip was trading 1.33 per cent up at Rs 129.50 around 9.40 am (IST). Shares of the company opened at Rs 129.50 and touched a high and low Rs 129.85 and Rs 128, respectively, in trade so far.
10:24:06 AM IST, 11 September 2017
AUTO SHARES ADVANCE POST GST COUNCIL MEET
Shares of auto companies were trading higher in early trade as domestic car companies sounded relieved after the GST Council on Saturday raised the vehicle cess by less than the maximum possible, although luxury automakers were more circumspect in their assessment of the new rates. The Nifty Auto index was trading 0.62 per cent up at 10845.60. Tata Motors DVR was up 1.24 per cent, followed by Mahindra & Mahindra (up 0.86 per cent) and Maruti Suzuki (up 0.72 per cent).
10:03:22 AM IST, 11 September 2017
MATRIMONY.COM IPO KICKS OFF
The bidding process for the initial public offering (IPO) of Matrimony.com, which owned online match making portal BharatMatrimony, kicked off on Monday. The company expects to raise Rs 500 crore by selling shares in Rs 983-985 price band.
09:42:27 AM IST, 11 September 2017
BHARAT FINANCIAL, INDUSIND BANK UP 2% EACH ON MERGER NEWS
Shares of Bharat Financial Inclusion (erstwhile SKS Microfinance) and IndusInd Bank rose 2 per cent each on Monday after the lenders entered into an exclusivity contract with for a possible merger, ET Now reported. Following the report, shares of Bharat Financial Inclusion rose 2.13 per cent to hit a high of Rs 955.95 on BSE. Shares of IndusInd Bank advanced 1.57 per cent to Rs 1723.20.
09:20:09 AM IST, 11 September 2017
OPENING BELL: SENSEX CLIMBS NEARLY 200 PTS; NIFTY50 NEARS 10K
Sensex rises nearly 200 points; Nifty nears 10K; GAIL surges 3%, BoB 2%; PGCIL down 1%.
08:45:01 AM IST, 11 September 2017
SIGNAL FROM SINGAPORE
SGX Nifty was up 43 points, or 0.43 per cent, at 9,990 around 8.00 am (IST), indicating a positive start for NSE Nifty index.
08:44:29 AM IST, 11 September 2017
NIFTY TECHNICAL CHARTS
A hanging Man, bearish, formation is usually formed in an uptrend which indicates reversal. It is characterised by a small real candle, with a long shadow.<br />
"Any gap down opening on Monday could further squeeze the range," said Mustafa Nadeem, CEO at Epic Research.<br />
Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in, said, noted that the Hang Man has formed after the index retraced 62 per cent of entire loss from the highs of 10,137 levels.
08:44:16 AM IST, 11 September 2017
MATRIMONEY.COM IPO TO KICK OFF TODAY
Matrimony.com, which runs online match making business under the BharatMatrimony brand, will launch its initial public offer on September 11 and has fixed a price band of Rs 983-985 to raise over Rs 500 crore. The issue comprises fresh issue of up to Rs 130 crore and an offer for sale (OFS) of up to 37,67,254 shares.
08:43:53 AM IST, 11 September 2017
P-NOTE INFLOWS AT 5-YEAR LOW
Investments in the domestic capital market through participatory notes (P-notes) slumped to a five year low of Rs 1.35 lakh crore in Julyend amid stringent norms put in place by Sebi.The total value of P-notes investments in Indian markets -equity , debt and derivatives -declined to `1,35,297 crore at July-end from `1,65,241 crore at the end of June, according to Sebi data.
08:43:34 AM IST, 11 September 2017
EXTENDING TRADING HOURS: NO BIG GAINS LIKELY
The buzz around extension of trading timing on the stock exchanges is getting louder every day, but brokers say that they are not ready for the change. Currently, Indian markets commence trading at 9.15 am and close at 3.30 pm.
08:43:08 AM IST, 11 September 2017
IRAN TO RAISE CRUDE OUTPUT
Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years, Ali Kardor, the MD of the National Iranian Oil Company, said Sunday. Iran has been producing around 3.8 million bpd in recent months.
08:42:53 AM IST, 11 September 2017
ASIAN SHARES GAIN ON MONDAY
Asian stocks gained on Monday as North Korea did not test fire nuclear missile this weekend. Pyongyang though held a massive celebration to congratulate the nuclear scientists and technicians who steered the country's sixth and largest nuclear test a week ago. Japan's Nikkei rose 1 per cent, South Korea's Kospi advanced 0.7 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent.
08:42:39 AM IST, 11 September 2017
US STOCKS SETTLED MIXED ON FRIDAY
The Dow Jones Industrial Average index rose 13.01 points, or 0.06 per cent, to 21,797.79. The S&P500 index fell 3.67 points, or 0.15 per cent, to 2,461.43. The Nasdaq Composite index dropped 37.68 points, or 0.59 per cent, to 6,360.19.
08:42:04 AM IST, 11 September 2017
SENSEX ON FRIDAY
On Friday, the S&P BSE Sensex closed 25 points higher at 31,687 while the broader Nifty50 index ended at 9,935, just 5 points higher with 17 constituents ending in the green and 34 in the red.
08:39:03 AM IST, 11 September 2017
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