Last week was quite eventful as the Government announced a huge Rs.2.1 lakh crores PSU recapitalization package to boost their balance sheets.goo.gl/fDhcWZ As a result, the market gapped up mid-week and the entire rally of 30%-40% was led by PSU banks.goo.gl/fDhcWZ The bullish pattern formations have emerged in the candlestick analysis and we expect Nifty to achieve the target of 10500-10700 and Sensex to clock 34100-34300 in the near term.
IT firm Mastek today said its consolidated net profit grew over two-fold to Rs 17.5 crore for the quarter ended September 30, 2017. This is against net profit of Rs 7.3 crore in the year- ago period, the company said in a BSE filing.goo.gl/fDhcWZ Mastek's 12-month order backlog was Rs 450.4 crore as on September 30, 2017. Its employee count was at 1767, of which 1,169 employees were in India. goo.gl/fDhcWZThe company has declared an interim dividend of Rs 2 per share.
Private sector lender Yes Bank's second quarter (July-September) profit is expected to increase 26 percent to Rs 1,008.7 crore compared with Rs 801.5 crore in same quarter last fiscal.goo.gl/fDhcWZ Net interest income during the quarter is seen rising 28.3 percent to Rs 1,855.3 crore against Rs 1,446.2 crore in corresponding quarter previous year.goo.gl/fDhcWZ Domestic institutional investors preferred to book some profits yesterday as they have been infusing money and supporting the market.
The S&P BSE Sensex and Nifty50, which closed within kissing distance of their respective record highs, should be able to create history when markets open for trading on Wednesday after the government announced huge recapitalisation plan for public sector banks.goo.gl/fDhcWZ The Nifty50 closed 44 points away from its respective record high of 10,251.85 while Sensex ended 92 points shy of its respective record high of 32,699.86. It is a very big step taken by the government. The market was factoring in a stimulus of Rs 1 lakh crore but this is more than double. The proposed injection of Rs 2.11 lakh cr as recap bonds in capital-starved PSBs will act as a force multiplier for their growth needs.
Equity benchmarks opened mildly higher on Thursday, seeing a rebound after yesterday's sell-off.goo.gl/fDhcWZ The 30-share BSE Sensex was up 60.51 points at 31,894.50 and the 50-share NSE Nifty gained 29 points at 10,013.80. About three shares advanced for every share falling on the BSE. Bharti Infratel, GAIL, Sun Pharma, Vedanta, Reliance Industries, L&T, Hindalco Industries, IOC, BPCL, Lupin, TCS and HPCL were early gainers while Coal India, Bharti Airtel, Cipla, ICICI Bank and Asian Paints were losers. The broader markets outperformed benchmarks in opening. Nifty Midcap was up 0.6 percent or 100 points.goo.gl/fDhcWZ
At 9.25 am, the BSE Sensex was trading 91.97 points, or 0.29 per cent, higher at 31,938. goo.gl/fDhcWZThe Nifty50 was ruling at 10,017.30, up 28.55 points, or 0.29 per cent.goo.gl/fDhcWZ "We still believe that one should avoid aggressive longs in the index at this juncture and should rather focus on individual stocks that are offering trading opportunities in both directions. For the coming session, 10,015-10,043 would be seen as immediate hurdles; whereas, on the lower side, any sustainable move below 9,959 .. goo.gl/fDhcWZ Among Sensex stocks, LupinBSE 2.23 % gained 2.53 per cent to Rs 1,066.10. InfosysBSE 1.55 % rose 1.11 per cent to Rs 933.90 goo.gl/fDhcWZ
It was a positive close to the week for the market. The Nifty ended with a gain of 1 percent at 9,979 and Sensex ended with a gain of 244 points (0.8 percent) at 31,836.Mitessh Thakkar mitesshthakkar.com says Nifty having gone pat 9950, it should logically head towards 10,050 and if Bank Nifty gets past 24,250 then it could go to 24,500, which could see Nifty exceed the target on the upside and test 10,120.goo.gl/fDhcWZ So there is around 1-1.5 percent upside left, although could happen in choppy manner.goo.gl/fDhcWZ
Benchmark indices extended their gains from the morning session, with the Nifty clocking 9950-mark during the dayâ€™s trade. The Sensex was up 173.50 points at 31765.53, while the Nifty was up 63.60 points at 9952.30. The market breadth was positive as 1,448 shares advanced against a decline of 437 shares, while 58 shares were unchanged.The benchmark S&P 500 set a record-high close for the sixth straight day, its longest such run since an eight-day streak in June 1997. It also rose for eight sessions in a row, matching a winning streak from July 2013.goo.gl/fDhcWZ
“ Premium Bullion service in May 14. Last Thursday I was out of town and not receiving messages on my mobile due to some mobile issues.“
“ I could never believe that anyone in this market can give more than 85% accuracy so I joined for 1 month and I was amazed by your performance. “
“ We wait for the right time to enter in the market, catch the movement and generate the premium calls in which risk is very low and profit on investment is higher.“
“ I am a hardcore bullion trader who lost a lot from this market previously . One day these guys approached me for the services and I reluctantly signed up for 2 days free registration. “