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Showing posts from July, 2019

Sensex gains 100 points, Nifty above 11,200; Indiabulls Housing top gainer

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Sensex gains 100 points, Nifty above 11,200; Indiabulls Housing top gainer Among sectors, except IT and pharma, other indices are witnessing selling pressure led by auto, metal, FMCG, energy and infra. Granules India gains 4% post Q1 nos : Shares of Granules India gained 4 percent on July 30 after company's consolidated net profit rose 60.6% at Rs 83.2 crore, revenue up 31.3% at Rs 595.3 crore. EBITDA was up 63.4% at Rs 118.6 crore, while margin was at 19.9 percent. Aegis Logistics Q1:  Net profit rose 10.3% at Rs 56.9 crore versus Rs 51.6 crore, revenue up 92.3% at Rs 1,955 crore against Rs 1,017 crore, YoY. Prism Johnson Q1:  Consolidated net profit down 18.9 percent at Rs 51 crore against Rs 63 crore, revenue up 3 percent at Rs 1,596.4 crore against Rs 1,550 crore, YoY. Indices erase gains, Nifty below 11,200:  Benchmark indices erased all its morning gains and trading flat with Nifty below 11,200. At 11:25 hrs IST, the Sensex is up 36.90 points or 0.10%

Out of 129 stocks, 4 rose more than 100% in which FIIs raised stake in last 4 quarters

Out of 129 stocks, 4 rose more than 100% in which FIIs raised stake in last 4 quarters As many as 33 stocks returned over 10% in the last one-year. These include stocks like Muthoot Finance, ICICI Lombard, PNC Infratech, Varun Beverages, Atul, JustDial, and Aarti Industries Foreign institutional investors (FIIs), which have pulled out a little over Rs 14,000 crore from the cash segment of Indian equity markets so far in the current month, are still net buyers since July 2018. FIIs which were mostly net sellers in 2018, turned tables in 2019 by pouring in more than Rs 40,000 crore in Indian markets largely on expectations of continuity of policy and a stable government at the center. They have raised stake in nearly 130 companies consistently in the last 4 quarters, which could be seen as a sign of confidence. Out of 129 companies, in which FIIs raised stake listed on BSE, four more than doubled investors' wealth. These include names like Adani Power, Balrampur Chini, Dham

Nifty dives below long-term moving average, joins over 300 Nifty500 stocks

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Nifty dives below long-term moving average,  joins over 300 Nifty500 stocks Experts suggest buying marquee names for the long term as they will benefit once the economic situation improves More than 300 stocks in Nifty500 are trading below their long term average, 200-day moving average (DMA). Prominent names like MRF, Page Industries, TTK prestige, Wabco, Bayer Crop, Blue Dart, HEG, Cera Sanitaryware, etc. figure in them Source-      Moneycontrol.

Stock Market News 27.07.2019

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FIIs press ‘sell’ button; Nearly 30 stocks in BSE500 fall 10-20% in five sessions In the smallcap space, 63 stocks fell 10-30 percent, which include names like Future Consumer, Ballarpur Industries and Kellton Tech Solutions. Persistent selling by foreign institutional investors on D-Street pulled the benchmark indices below their respective support levels in the week gone by. The S&P BSE Sensex failed to hold on to 38,000 while the Nifty50 closed below 11,300 levels. Foreign institutional investors (FIIs) pulled out more than Rs 7,000 crore from the cash segment of Indian equity markets while, for the month, they have pulled out more than Rs 14,000 crore Apart from persistent selling by FIIs, muted corporate earnings growth from India Inc., concerns over a slowdown in the Indian economy, below-normal monsoon, trade talks as well as geopolitical concerns weighed on sentiment. “We believe factors like economic slowdown, liquidity concerns, lack of any big bang announc