Daily Archives: Thursday March 7th, 2019

52 Week High Breakout (07/03/2019)

WhatsApp-Image-2017-07-31-at-6.11.11-PM-300x300-1
GUJFLUORO 993.05
HEIDELBERG 176
BATAINDIA 1349.45

Higher Delivery Quantity (07/03/2019)

SingleDataSeriesExample_01
NAME DELV QTY AVG QTY CLOSE
RKFORGE 279503 11847 525.55
TIINDIA 588339 64139 384.85
LAXMIMACH 24752 2705 6277.55
GUJGASLTD 4479535 557216 128.15
SKFINDIA 86253 12479 1959.10
SANOFI 100856 15765 5593.95
WELSPUNIND 1690743 309656 59.95
TRENT 273966 56922 333.45
KPRMILL 158456 33100 588.40

Rupee can fall in heavy fall

Recession Chart

Mumbai- The weak start of the rupee is indicating its move in the coming days.
In the Reuters poll, economic analysts have expressed concern over the ongoing uncertainty over the general elections scheduled in May and the possible trade war with India, which is expected to hit the rupee.
Last year, the rupee fell to about 10 per cent, in October it went down to 74.485. This fall in rupees was the weakest performance since 2013. Due to the increased potential of the deficit due to increased sales in the emerging markets and the increase in oil prices, the rupee declined.
However, analysts agree that the rupee will not exceed its previous record in the next 12 months. According to currency analysts participating in the pole, the rupee could fall more than one percent in the next 12 months.
If compared to the dollar, if the other currency is seen, the rupee has already compensated some of the losses of 2018. This year, the rupee has broken up to about one percent and it is expected to weaken up to two percent by the end of May.

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Market rally continues

nifty plus

For the fourth consecutive day in the market, the market is continuing. On the weekly expiry of the Nifty and Bank Nifty, a lot of ups and downs were seen even on the day, but then the markets were able to close down in green mark by buying from the lower level. At the turn of the end, the BSE 30-share index Sensex closed at a high of 89.32, or 0.24 percent, at 36725.42. On the other hand, NSE’s 50-share index Nifty closed at 5,058.20 with a rise of 5.20 points, i.e. 0.05 percent.
Today the Sensex has gained nearly 90 points. Shares of public sector banks today saw strong buying, which led to the closure of the bank nifty with 0.5 percent today. However, in mid and smallcap stocks, there was a pressure of selling today.
The biggest gain in the business was seen in L & T, M & M, Axis Bank and ITC, while Wipro, IOC, Coal India and Zee Entertainment saw the worst decline. Oil and gas shares were seen selling today, which led to the BSE’s oil and gas index closing at 14336.98.
Public sector banks, FMCG, private bank shares today witnessed buying. Nifty’s PSU bank index closed 1.4 percent, FMCG index 0.65 percent and private bank index increased by 0.23 percent. However, today’s business has seen decline in auto, IT, metal, pharma and realty stocks.

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Sensex up to 42,000

04-mumbai-stock-exchange-309

Mumbai: India’s stock market will continue to grow on its strong foundation due to election uncertainty, the potential business war between India and the US, and increasing tension with Pakistan. Global Brokerage Morgan Stanley has reported in its report the Sensex by the end of this year Has expected to reach 42,000.
The market was shocked by the IL & FS crisis being termed as India’s “Leeman Brothers” and the market was sold out. The weak global cues have further boosted the sale and the Sensex has slipped to below 35,000 level. Morgan Stanley has said in its report that due to uncertainty over the rising oil prices and general elections to be held in May of this year, the market declined.
The report says, “India’s poor performance this year is due to rising oil prices and political uncertainty. The agency has said that the foundation of the Indian stock market is very strong and it is telling that it will be strengthened in the coming days, because the market valuation has reached the middle level. On August 29, 2018, the Sensex was able to touch the level of 38,989.65, which is the highest level so far.
The report says, “The foundations are looking strong and it is a sign of strength, because the valuations are at the middle level. Given the PMI data, there is a possibility of growth in growth. Credit growth is at the highest level over the last several years and the growth of corporate revenue is at the height of the past twenty quarters. Corporate profit is at the highest level of the last 25 quarters.

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