Daily Archives: Friday September 14th, 2018

Higher Delivery Quantity (14/09/2018)

NAME DELV QTY AVG QTY CLOSE
IEX 146728 5426 1711.25
JKIL 863497 34768 249.10
GSKCONS 107668 7721 7549.10
LINDEINDIA 193524 19481 430.30
ITDCEM 295866 33496 130.25
JYOTHLAB 750214 120986 200.35
RNAM 293752 49960 223.55
FORTIS 2985590 516836 144.85
TRITURBINE 49459 9398 119.05

52 Week High Breakout (14/09/2018)

WhatsApp Image 2017-07-31 at 6.11.11 PM
SONATSOFTW 394.40

Sensex can be up 42,000-Morgan Stanley

nifty plus

Mumbai: Global investment firm Morgan Stanley estimates that the 30-share BSE Sensex can go up to 42,000 levels by next September, which could show an upward bias of 11 percent from the current level.

Earlier this firm had speculated that in June 2019, the Sensex can go up to 3600, which was touched by the Sensex one year ago i.e. July 2018. Talking about this year, since January, the Sensex has seen an 11 percent jump and it is 28 percent higher than the 2017. In fact, with good financial results and domestic institutional investors, the Sensex has achieved this level. Brokerage houses other than Morgan Stanley have also expressed the possibility of this kind of market rally in coming days.

However, despite the rise in crude oil prices and the rupee depreciating against the dollar, the growth of the market has encouraged the investors. Morgan Stanley had estimated in June 2018 that the Sensex could go up to 44,000. In a bullish environment, the Sensex can jump 30%. In fact, the market is expected to maintain its fast before the next general election in India next year, and in the financial year 2019-20, the growth of income may increase by 29 and 26 per cent.

Meanwhile, in the current financial year, investors have invested more than Rs 12 lakh crore by investing in various stocks of BSE’s 30-stock benchmark index Sensex. This week, since March 28 this year, the Sensex has jumped 4,749.28 points, which is 14.40 per cent.

According to experts, this jump of the Sensex is encouraging among rupee’s rupee against dollar, rising prices of crude oil and rising concerns about the trade war between America and China. Due to this surge, market capitalization of listed companies in the Sensex rose by Rs 12,01,444 crore till Wednesday this week, to Rs 1,54,26,441 crore. On August 29 this year, the Sensex reached an all-time high of 38,989.65 points.

Meanwhile, the exit of investors from Gold Exchange-traded funds (ETFs) continued during August. According to the data, during the first five months of the current financial year, investors have withdrawn Rs. 241 crore from Gold ETF. According to the Association of Mutual Funds in India, after the withdrawal, the total asset under management (AUM) of gold funds slipped 7.5 percent and stood at Rs 4,445 crore at the end of August.

Sensex closes 373 points up;

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Mumbai: As the Ganapati festival starts, there is a tremendous growth in the market. The Nifty has managed to close close to 11,500, while the Sensex has seen an increase of more than 400 points. The Sensex closed above 38,000. The Sensex has gained 1% and the Nifty 1.3 percent has gained strength. The BSE 30-share index Sensex has closed 373 points, which is 1 per cent higher at 38,091 level. On the other hand, NSE’s 50-share index Nifty closed at 145 level, i.e. 1.3 percent, at 11,515 level.

The mid-caps and smallcap stocks were also seen as passionate. The BSE mid-cap index has gained more than 1.5 percent to close at 16,350 level. The Nifty mid-cap 100 index closed at 19,389 with a surge of 1.8 percent. BSE’s Smallcap index climbed 1.4 percent to 16,671 levels. Banking, auto, metal, pharma, realty, consumer durables, capital goods, oil and gas and power stocks have seen strong buying. Bank Nifty closed at 27,164 level with strong 1.3 percent. However, today IT stocks have seen pressure.

Indiabulls Housing, BPCL, Vedanta, HPCL, ULL, Power Grid, Asian Paints, NTPC and Yes Bank have risen sharply by 7.2-2.8 per cent in the giants. However, in the giants, Coal India, HCL Tech, Infosys have closed down by 1.5-1 per cent. In the midcap stocks, Wockhardt, M & M Finance, Tata Global Beverages, Oberoi Realty and Dalmia India climbed to 7.7-4.5 per cent. However, in the midcap stocks, Endurance Tech, Cummins, Amara King batteries, Alchem and Amphysis have been rolled down by 2.2-1.6%.

In smallcap stocks, Dalmiya Sugar, Den Networks, Dhampur Sugar, Dwarkish Sugar and Triveni Engineering have climbed up to 20-14.3 per cent. However, Ashoka Buildcon, IL & FS Transport, IntraSoft Tech, Supreme Infra and Feders Electric have fallen short of 9-5 per cent in smallcap stocks.

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