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Jul 11, 2018

Nifty likely at 11,400 by 2018 end; prefer largecap IT to midcaps: Deutsche Bank


According to Pratik Gupta, the market could fall 3-5 percent only if sharp appreciation in the US dollar and spike in crude oil prices. Overall any fall if it happens would only because of global cues.

The volatility in the stock market will likely continue in the short term, Pratik Gupta of Deutsche Bank India said.

He said that does not mean the upside is unlikely; in fact the Sensex can end the current calendar year at 37,000 and Nifty at 11,400 as the structural growth story of India is intact for next 3-5 years with corporate earnings picking up.

"We are seeing 20 percent earnings growth in FY19 and will continue in next year as well, which will eventually drive the market but near term the market will be volatile," Gupta said in an interview to CNBC-TV18.


The Nifty50 rallied 9 percent to surpass 10,900 levels on Tuesday after correcting more than 10 percent from record high of 11,171 in January to hit 2018 low of 9,951.90 in March, but the recovery was gradual and amid rangebound trade.

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Source:https://www.moneycontrol.com/news/business/markets/nifty-likely-at-11400-by-2018-end-prefer-largecap-it-to-midcaps-deutsche-bank-2696871.html
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Jul 10, 2018

Market forcast


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Market Live: Sensex continues to trade flat, Nifty around 10,950; Axis Bank, TCS gain


Among sectoral indices information technology (IT) stocks are standing out, gaining over 1 percent on the Nifty. This is led by gains in Tata Consultancy Services (TCS)

Market Update Benchmark indices have continued to trade flat in the first hour of trade, with the Nifty hovering around 10,950.

The Sensex is up 10.50 points or 0.03% at 36250.12, while the Nifty is up 2.40 points or 0.02% at 10949.70. The market breadth is narrow as 901 shares have advanced, against a decline of 836 shares, while 91 shares are unchanged.

TCS, Bajaj Auto, and Bharti Infratel are the top gainers, while Vedanta, Coal India, and Hindalco have lost the most.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-continues-to-trade-flat-nifty-around-10950-axis-bank-tcs-gain-2695621.html
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Opening Bell (11 JUly 2018)


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Closing Bell (10 July 2018)


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Jul 9, 2018

INTERNATIONAL MARKET UPDATE


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Stocks in the news: HCL Technologies, TCS, IndusInd Bank, Dish TV, SRF, Capital First


HCL Technologies | TCS | IndusInd Bank | Dish TV and HDFC Bank are stocks, which are in news today:


Results Today: TCS, IndusInd Bank, Prakash Industries, Kore Foods

Ex-Split: Otco International - Rs 10 to Rs 2


Ex-Bonus: City Union Bank 1:10

Karnataka Bank introduces cash@PoS facility

HCL Technologies: Company to consider a proposal to buyback equity shares of company on July 12

Bajaj Hindusthan Sugar EGM on August 4 to consider sale of Lalitpur Power Generation to Bajaj Energy

Dish TV: Q1 consolidated net profit at Rs 27.9 crore against loss of Rs 11.7 crore (YoY).

L&T Infotech: The firm has approved allotment of 3.52 lakh shares under ESOP scheme



J&K Bank: The company held its annual general meeting on July 9, 2018.

Hindustan Copper: Sukhen Kumar Bandyopadhyay appointed as Director (Finance) in Hindustan Copper

Astral Poly Technik aprroved acquisition of 51% stake of Rex Polyextrusion by cash

SRF announces setting up of a polyester film and resin plant in Thailand

HDFC Bank: Company's Q1 loan book grows 22 percent to Rs 7.08 lakh crore, deposits growth at 20 percent

Shree Renuka Sugars - creditors of Brazil unit Renuka Vale do Ivai approves new recovery plan

PPAP Automative started commercial production from its newly setup Gujarat plant

Uttam Galva Steel June qtr net loss widens to Rs 366 cr

PNC Infratech received two EPC packages of Purvanchal expressway project for Rs 2520 crore

SRF to set up new plant in Thailand at Rs 410 cr cost

Network18 appoints Rahul Joshi as MD

TV18 Broadcast approved appointment of Jyoti Deshpande as non-executive director and also decided to appoint Rahul Joshi as managing director after necessary approvals

HUBTOWN board meeting on July 12 to consider augmenting long-term fund requirements of the company including by way of issue of securities and other means

Lupin gets USFDA nod for generic malaria drug

Capital First plans to raise up to Rs 100 cr via debt

Lodha Developers gets Sebi's go-ahead for Rs 5,500-cr IPO

Va Tech Wabag board gives nod to raise funds

Gayatri Projects declared as L-1 bidder for development of Purvanchal expressway project (Package-I) value at Rs 1483 crore and Package-II value at Rs1276 crore

Sadbhav Infra received Rs 2749.9 million toll revenue from 10 operational SPVs in Q1FY19

Ceat to make passenger car, 2-wheeler tyres at TN plant

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Source: https://www.moneycontrol.com/news/business/stocks/stocks-in-the-news-hcl-technologies-tcs-indusind-bank-dish-tv-srf-capital-first-2690191.html
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