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52 Week High Breakout (17/08/2017)

FRETAIL 491.55
RADICO 161.50
MEGH 61.80
GABRIEL 178.50
JUBLFOOD 1392.90

Sensex triple century, Nifty closes close to 9900


On the second consecutive day, buying was seen in the stock market. Nifty crossed the 9900 during the business. The market started with a slight increase. However after this there was a slight profit booking from the upper levels in the market and the market went to the red mark. But after a short time, the heavy shopping returned. Today, FMCG, metal, bank, auto and pharma are good buyers. At the end of the trading, the Sensex 322 and the Nifty closed with 103 points bounce.

Today, there is an enthusiasm of shopping in the stock market. Talking about the Nifty climbing stocks, Tech Mahindra has seen an increase of more than 4 percent. On the other hand, the share of Bank of Baroda was up by more than one per cent. At the same time, Cipla has a great speed. On the other hand, if you talk about falling stocks, then there is a trend of decline in Asian Paints, Power Grid and NTPC.

Nifty’s FMCG index was up 2.5 percent, auto index 1.6 percent, metal index 1.7 percent, and pharma index climbed 1.2 percent, as the market today gained the most strength from FMCG, auto, metal and pharma stocks. Banking stocks also saw strong buying after the initial profit recovery in today’s trade, and at the turn of the close, the bank nifty closed at a near 24440 level with an increase of 1.3 percent.

In today’s business, good buying was seen in mid and small-cap stocks, and finally the BSE’s small-cap index was 1.3 percent and the mid-cap index closed 1.2 percent. However, energy stocks are weak in today’s trade, and the Nifty’s energy index closed 0.2 percent lower.

In today’s turn, BSE’s 30-share index Sensex closed at 31770 level with a strong strength of 322 points i.e. 1.02 percent. On the other hand, NSE’s 50-share index Nifty closed close to 9900 with 103 points, ie 1.05 percent.

Reliance General Insurance prepaid to bring IPO soon


Reliance General Insurance is preparing to launch an IPO soon. According to the news, Reliance General Insurance has applied for an IPO in Insurance Regulator IRDA. The company is planning to launch an IPO between October to November.

The IPO can be approved by SEBI on August. After initial approval, the company can file DRHP in September. Reliance General Insurance is planning to sell up to 25 per cent stake through the IPO, through which the company can raise between 1500 and 2000 crores.

Close to nifty 9800


The first business day of the week has seen business growth with good growth in domestic markets. The Sensex and the Nifty gained 1 percent. In the bullish environment, the Nifty managed to reach 9818.3, while the Sense had knocked down 31526.4. Finally, the Nifty closed close to 9800, while the Sensex closed around 31450.

Mid-cap and smallcap stocks have seen strong purchases. The BSE mid-cap index has closed 2.5 percent. Nifty mid-cap 100 index has gained 2.8 percent. BSE’s smallcap index closed up 2.5 percent.

Metals, pharma, auto, realty, consumer durables, capital goods, power and oil and gas stocks have seen buying. Nifty’s Metal Index has gained 3.4 per cent, Pharma Index has 2.8 per cent and Auto Index has gained 1.4 per cent. BSE Realty Index has 6 per cent, Consumer Durables Index has 2.5 per cent, Capital Goods Index 2.1 per cent, Power Index 2.5 per cent and Oil and Gas index 1.3 per cent. Selling in IT stocks is dominant.

The BSE 30-share index Sensex has climbed 235.4 points, or 0.75 per cent, to 31,449 levels. On the other hand, NSE’s 50-share index Nifty closed at 83.4 points, which is 0.9 percent higher at 9,794 level. Bank Nifty closed 0.5 percent higher at 24,116.

Week ended with declines

Recession Chart

The domestic market has seen a decline for the fifth consecutive day. Sensex and Nifty have been weakened by 1 per cent. The Sensex was rolled up to 31128, while the Nifty dived to 9685.55, in the atmosphere of weakness. BSE’s 30-share index Sensex closed 318 points, or 1 per cent, at 31,213.5 level. NSE’s 50-share index Nifty closed at 109.5 points, i.e. 1.1 percent, at 9711 level.

Mid-caps and smallcap stocks have seen good recovery. BSE’s mid-cap index closed 0.2 percent down around 14725. In today’s business, the BSE Midcap Index fell to 14485. The mid-cap index of the Nifty closed at around 17360 with a weakness of 0.6 percent. In today’s business, the Nifty’s midcap was rolled up to 100 index 17055. BSE’s smallcap index closed flat at 15065 levels. In today’s business, the BSE’s Smallcap Index was broken up to 14,700.

Today, auto, FMCG, metal, PSU banks and capital goods stocks have been beaten strongly. Nifty’s auto index has fallen 1.4 percent, FMCG Index has 0.8 percent, Metal index has 3.4 percent and PSU Bank index has dropped 4.9 percent. BSE’s Capital Goods index closed 1.2 percent lower.

In today’s business, Hindalco, Vedanta, SBI, Bank of Baroda, Bosch, Mahindra and Mahindra, Reliance Industries, L & T and NTPC have broken down to 7.2-2.2 per cent. However, Dr Reddy’s, Arvindo Pharma, Gail, Axis Bank, Tata Motors DVR, Lupine, Wipro and Axis Bank have closed up by 3.5-0.6% in the giants.

Central Bank, TVS Motor, Union Bank, Adani Power and Berger Paints have been closed down by 10.7-4.2 per cent in mid-cap stocks. In smallcap stocks, Signature Tech, Indo Count, Precision Camshafts, Sanghvi Movers and Jaiprakash Associates have slipped down to 17.9-8.8 per cent.