Week Of Surprises Ends, Markets Expected To Turn Choppy Ahead

Positive Macro Cues Drives Market, Sensex Rises 150 Points

Indian equity benchmarks indices rallied sharply in the opening, continuing uptrend for third straight session after retail inflation and IIP data. Sensex rose 233.07 points to 36,012.14 and the Nifty gained 68.30 points at 10,805.90. All sector barring the BSE Healthcare Index was trading higher led by the FMCG and Realty Indices' 0.9 percent gain.Mid- and small-cap shares were outperforming their larger peers as the MidCap and SmallCap Indices rose 1 percent each.

In the afternoon session, After a gap up opening the Indian equity benchmarks were trading flat, The BSE Sensex traded 139.02 points, or 0.39%, up at 35918.09, and the Nifty 50 was up 42.55 points, or 0.40%, to 10,780.15. The NSE midcap and smallcap indices were trading up by 0.86% and 1.16%, respectively. Among sectoral all indices were trading in the green lead by Reality, Auto, & Banks.

In the last hour of trade, Nifty was hovering around 10,800 Mark. Indian benchmark indices continued their winning streak for a third day. The Sensex was up 150.57 points or 0.42% at 35929.64, while Nifty was up 53.90 points or 0.50% at 10791.50. Sixteen out of 19 sector indices on BSE gained, with consumer durables, realty, and capital goods rising over 1%. Energy, telecom, and metal declined. The BSE mid- and small-cap indices rose 0.82% and 0.65%, respectively.

Top Gainers

IBULHSGFIN by 5.41% to Rs 774.00. , GRASIM by 3.24% to Rs 837.85, BAJAJFINSV by 3.18% to Rs 6,179.45., WIPRO by 2.71% to Rs 339.00., MARUTI by 2.61% to Rs 7,666.50.

Top Losers

YESBANK By -6.32% to Rs 174.80, SUNPHARMA by -2.19% to Rs 422.00, UPL by -2.16% to Rs 773.00 ,TATASTEEL by -1.75% to Rs.511.15 , TCS by -1.73% to Rs.1,981.95 .

Analysis Of Top Gainer And Loser

IBULHSGFIN is the top gainer in today's market, the company extended rally on hopes of softer liquidity conditions after the appointment of new RBI governor.

YESBANK is the top loser in today's market, Yes Bank Ltd.'s board has chosen a new non-executive, part-time chairman, the lender said in a filing to the exchanges, without mentioning the name. The board members at today's meet included two new independent directors TS Vijayan and Uttam Agarwal. This leaves only one vacancy on the board after three members left the board over the last month citing governance issues. As for a replacement for Chief Executive Officer Rana Kapoor, the lender has shortlisted names and will submit the final recommendation to the central bank after the next board meeting on Jan. 9, 2019

Key Market News

• India Consumer Price Index (CPI) YoY reported 2.33%
• India Industrial Production YoY recorded 8.1%
• India Manufacturing Output MoM reported 7.9%
• Fuel and light inflation stood at 7.39 percent, down from 8.55 percent in October.
• Housing inflation stood at 5.99 percent, down from 6.55 percent in October.
• Clothing and footwear inflation was at 3.53 percent compared with 3.55 percent in October 2018.
• Inflation in the households goods and services segment stood at 5.80 percent, compared with 6.06 percent in October 2018.
• Inflation in the transport and communication segment came in at 6.09 percent, lower than 7.72 percent in August 2018.
• Rural inflation was at 1.71 percent much lower than urban inflation which is currently at 3.12 percent. The rural consumption basket
• has a higher weight of food items and, hence, low food prices impact rural inflation more significantly.
• The Securities and Exchange Board of India (Sebi) has allowed mutual funds to create segregated portfolios for stressed debt securities and eased listing norms for start-ups.

Stocks To Watch

SBI is on the upside while YESBANK is on the downside.

SBI is currently quoting at Rs.288.85, up by Rs 3.60 or 1.26% from its previous closing of Rs.285.25 on the NSE. The scrip opened at Rs.290.00 & has touched a high & low of Rs.294.00 and Rs.285.75 respectively. So far 2,40,97,152(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,57,563.60Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 332.75 on 25-JAN-2018 & a 52 week low of Rs.232.35 on 23-MAR-2018.

YESBANK is currently quoting at Rs.174.80 down by Rs.-11.80 or -6.32% from its previous closing of Rs.186.60 on the NSE. The scrip opened at Rs.193.00 & has touched a high & low of Rs.193.20 and Rs.172.30 respectively. So far 10,89,20,029(NSE) shares were traded on the counter. The current market cap of the company is Rs.40,389.82Cr. The BSE/NSE group stock has touched a 52 week high of Rs.404.00 on 20-Aug-2018 & a 52 week low of Rs 146.75 on 29-NOV-2018.

Sensex Jumps 629 points, Nifty reclaims 10,700 after RBI chief appointment

Indian equity benchmarks extended gains for the second day, Shares of banks and non-banking finance companies (NBFCs) outperformed benchmark indices, hoping that the new RBI governor might re-examine the demand for an easier prompt corrective action (PCA) framework and a special liquidity window. The Sensex is up 128.23 points or 0.36% at 35278.24, while the Nifty is higher by 33.20 points or 0.31% at 10582.40. All sectoral indices are trading in the green, with most gains seen in metals, infrastructure, banks, and automobiles.

In the afternoon session, Indian equity benchmarks extended gains, The BSE Sensex traded 389.29 points, or 1.11%, up at 35539.30, and the Nifty 50 was up 119.10 points, or 1.13%, to 10,668.25. The NSE midcap and smallcap indices were trading at 2.08% and 1.78%, respectively. Among sectoral all indices were trading in the green lead by Metal, Banks,FMCG & Auto.

In the last hour of trade, Indian equity Benchmark indices were trading at days high, Nifty trading at 10,675. Bulls took charge right from the word go and consistently traded in the green. But intense buying in the last hour helped the market end on an even stronger note. The BSE Sensex closed 629.06 points, or 1.79%, up at 35,779.07 and the Nifty 50 ended 188.45 points, or 1.79%, higher at 10,737.60. Buying was visible across all sectors, with maximum gains seen among automobiles, metals, banks, infrastructure and consumption names. In the broader market, the Nifty Midcap index ended 3 percent higher.

Top Gainers

BHARTIARTL by 7.15% to Rs 311.00. ,IBULHSGFIN by 6.91% to Rs 740.80, HEROMOTOCO by 6.88% to Rs 3,248.00., ADANIPORTS by 5.37% to Rs 374.85., UPL by 5.02% to Rs 785.50.

Top Losers

DRREDDY By -4.38% to Rs 2,597.05, INFRATEL by -0.77% to Rs 251.20, HINDPETRO by -0.55% to Rs 218.90.,TITAN by -0.39% to Rs.929.50.

Analysis Of Top Gainer And Loser

BHARTIARTL is the top gainer in today's market, A strong buying was seen from lower levels with heavy volume.

DRREDDY is the top loser in today's market, Dr. Reddys Laboratories will have to wait a little longer before it can start selling a generic version of Indivior Plcs Suboxone Film opioid addiction treatment, a U.S. appeals court ruled Tuesday.

Key Market News

Former economic affairs secretary Shaktikanta Das was named the 25th governor of the Reserve Bank of India to succeed Urjit Patel, The appointment means that the central bank will once again be headed by a former Indian Administrative Services (IAS) officer.
Iran confirms that Tehran recently carried out a ballistic missile test, to the anger of US.

Positive news about fresh talks for a US-China trade deal also infused optimism in markets. In an interview with Reuters, US President Donald Trump said talks were taking place with Beijing by phone and he would not raise tariffs on Chinese imports until he was sure about a deal.

U.S. Producer Price Index (PPI) MoM reported 0.1% against 0.6% previous month.

U.K. Average Earnings Index +Bonus recorded 3.3%, Forecasted 3.0%. Reading stronger than forecast is generally supportive (bullish) for the GBP.

BJP lost power in three key states on Tuesday, dealing Prime Minister Narendra Modi his biggest defeat since he took office in 2014 and boosting the opposition ahead of national polls next year. A close fight between Congress and BJP was witnessed in Madhya Pradesh. While Congress has gained a majority at 114 seats, it missed the magic number by 2 seats. Samajwadi Party said that it would support the Congress if the need arises. While the BSP supremo Mayawati has said that her party will not support the BJP, it is mum on support to Congress.

Stocks To Watch

M&M is on the upside while Godrej industries is on the downside.

M&M is currently quoting at Rs.750.50, up by Rs 28.15 or 3.90% from its previous closing of Rs.722.35 on the NSE. The scrip opened at Rs.725.00 & has touched a high & low of Rs.753.00 and Rs.721.25 respectively. So far 34,60,136(NSE) shares were traded on the counter. The current market cap of the company is Rs 93,158.63Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 993.00 on 29-Aug-2018 & a 52 week low of Rs.694.00 on 11-Dec-2018.

Godrej industries is currently quoting at Rs.542.80 down by Rs.-10.20 or -1.84% from its previous closing of Rs.553.00 on the NSE. The scrip opened at Rs.557.90 & has touched a high & low of Rs.561.00 and Rs.538.25 respectively. So far 11,63,810(NSE) shares were traded on the counter. The current market cap of the company is Rs.18,257.07. The BSE/NSE group stock has touched a 52 week high of Rs.657.60 on 01-Aug-2018 & a 52 week low of Rs 434.50 on 25-OCT-2018.

Market Recovers Post Steep Downtrend on Election Results

Indian equity benchmarks fell after Reserve Bank of India's Governor Urjit Patel resigned citing personal reasons. The BSE Sensex opened at 34,584.13, and hit a low of 34,458.56, down 501.16 points. The Nifty 50 opened at 10,350.05 and fell 153.35 points to a low of 10,335.10. The BSE midcap and smallcap indices fell 0.6% and 0.73%, respectively. All the sectoral indices on BSE traded lower with energy, finance, telecom, auto, bank and oil, and gas losing over 1%.

In the afternoon session, Indian equity benchmarks recover for the days low, The BSE Sensex traded 48.78 points, or 0.14%, down at 34,910.94, and the Nifty 50 was down 17.60 points, or 0.17%, to 10,470.85. Outperforming the benchmark index, the BSE midcap and smallcap indices 0.95% and 0.49%, respectively. Among the sectoral indices on BSE, IT, healthcare, tech, and FMCG advanced, while energy, oil, and gas, utilities, telecom and finance declined.

In the last hour of trade, Indian equity Benchmark indices were trading strong, Nifty trading around 10,500 marks. Indian equity benchmarks rebounded despite Urjit Patel's exit from Reserve Bank of India and ruling Bharatiya Janata Party trailing to Congress in Rajasthan and Chhattisgarh. The BSE Sensex closed 190.29 points, or 0.54%, up at 35,150.01 and the Nifty 50 ended 60.70 points, or 0.58%, higher at 10,549.12.Mid- and small-cap shares were outperforming their larger peers. The MidCap Index rose 1.67 percent while the SmallCap Index climbed 1.82 percent

Top Gainers

YESBANK by 8.09% to Rs 179.05. ,SUNPHARMA by 6.22% to Rs 423.80,ASIANPAINT by 3.82% to Rs 1,332.85., KOTAKBANK by 3.39% to Rs 1,239.00.,BAJAJFINSV by 3.09% to Rs 5,870.00.

Top Losers

HINDPETRO By -3.00% to Rs 219.90, IOC by -1.75% to Rs 132.00, BHARTIARTL by -1.61% to Rs 290.20.,HDFCBANK by -1.56% to Rs.2,056.15 , BPCL by -1.29% to Rs 326.00 .

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market, The company witnessed a strong volume based buying after a steep correction in last Few trading sessions.

HINDPETRO is the top loser in today's market, Saudi Arabia, Russia and the rest of the OPEC+ coalition delivered a bigger than expected oil production cut, the group eventually agreed to remove 1.2 million barrels a day from the oil market in the first quarter of 2019, More than 1 percent of global production to revise prices

Key Market News

Reserve Bank of India Governor Urjit Patel resigned citing personal reasons.
Indian economist Surjit Bhalla resigned from Prime Minister Narendra Modis economic advisory council effective December 1, a spokesman in Modis office said.

A U.K. court allowed Vijay Mallyas extradition to India to face fraud and money laundering charges.
The MSCI India index turned negative for the year with a 2.2% decline so far in 2018 in rupee terms and a 12.5% fall in dollar terms. The difference in local currency and US dollar returns is the second widest after South Africa as the rupee declined more than 12% in 2018. However, in terms of local currency, Indias equity performance is the second best after Russia. Indices from Germany, China, South Korea, and South Africa declined between 15% and 17%.
Bharatiya Janata Party is set to lose power to Congress in Chhattisgarh and Rajasthan. While, both the parties were neck and neck in Madhya Pradesh. In Telangana, TRS headed by K Chandrasekar Rao and MNF in Mizoram are set to form the government.

Stocks To Watch

TITAN is on the upside while RELINFRA is on the downside.

TITAN is currently quoting at Rs.931.60, up by Rs 24.50 or 2.70% from its previous closing of Rs.907.10 on the NSE. The scrip opened at Rs.899.00 & has touched a high & low of Rs.936.95 and Rs.894.15 respectively. So far 27,92,386(NSE) shares were traded on the counter. The current market cap of the company is Rs 82,728.35Crore. The NSE/BSE group stock has touched a 52 week high of Rs. 999.70 on 18-APR-2018 & a 52 week low of Rs.732.30 on 09-OCT-2018.

RELINFRA is currently quoting at Rs.293.00, down by Rs.-4.50 or -1.51% from its previous closing of Rs.297.50 on the NSE. The scrip opened at Rs.294.00 & has touched a high & low of Rs.302.60 and Rs.290.65 respectively. So far 57,95,739(NSE) shares were traded on the counter. The current market cap of the company is Rs.7,680.62. The BSE/NSE group stock has touched a 52 week high of Rs.589.90 on 01-JAN-2018 & a 52 week low of Rs 275.10 on 08-OCT-2018.

Poll Results Drag Markets, Nifty gives up 10,500

Indian equity benchmarks staged a gap down opening, Exit poll results, as well as weak global cues, could have weighed on indices. The Sensex was down 502.05 points or 1.41% at 35171.20, while the Nifty was down 156.60 points or 1.46% at 10537.10. Selling was visible across all sectors, with metals, infrastructure, automobiles, banks, and pharmaceuticals being the top losers. The Nifty Midcap index is down around 2 percent.

In the afternoon session, Indian equity benchmarks continue to trade on a weak note, All the sectoral indices were trading in red led by energy, FMCG, Infra, auto, ban, metal, and pharma. the Sensex was down by 542.63 points at 35,130.62, while Nifty down 161.70 points at 10532.

In the last hour of trade, Indian equity Benchmark indices were trading low, Nifty trading around 10,500 marks. Bears took complete control on D-Street After exit polls predicted close fight for the Bharatiya Janata Party in Madhya Pradesh and Chhattisgarh while a victory for Congress in Rajasthan before general elections in 2019. Selling was visible across all sectors, with maximum pain seen among banks, automobiles, energy, consumption, and pharmaceuticals, among others. the Sensex was down 713.53 points or 2.00% at 34959.72, and the Nifty down 205.20 points or 1.92% at 10488.50. Selling pressure was broad-based as the MidCap and SmallCap Indices fell 1.8 percent each.

Top Gainers

IOC by 3.51% to Rs 134.30. ,BPCL by 1.72% to Rs 331.00,COALINDIA by 0.32% to Rs 237.50., HINDPETRO by 0.29% to Rs 225.45.,MARUTI by 0.15% to Rs 7,325.00.

Top Losers

KOTAKBANK By -6.11% to Rs 1,201.50,IBULHSGFIN by -4.79% to Rs 682.50,RELIANCE by -4.30% to Rs 1,085.,ULTRACEMCO by -4.01% to Rs.3,775.00 , BHARTIARTL by -3.93% to Rs 292.00 .

Analysis Of Top Gainer And Loser

IOC is the top gainer in today's market as The board meeting of the company is scheduled on December 13 to consider and approve the buyback of the fully paid-up equity shares of the company of face value of Rs 10 each. The board will also consider declaration of interim dividend on the equity shares of the company for the Financial Year 2018-19.

Kotak Mahindra Bank is the top loser in today's market, Kotak Mahindra Bank Ltd said it had challenged in court the central bank's decision to disregard the issue of preference shares to reduce promoter stake in the private-sector lender, sending shares sharply lower. Uday Kotak, the billionaire head of Kotak Mahindra Bank, has been asked by the Reserve Bank of India (RBI) to lower his holding in the lender to 20 percent by this year-end, and to 15 percent by March 31, 2020. Uday Kotak directly held a 29.73 percent stake in the lender, as of September 30, 2018, according to Bombay Stock Exchange data.

Key Market News

U.K. Gross Domestic Product (GDP) MoM reported 0.1% as per the expectation. Japan Gross Domestic Product (GDP) YoY Reported -2.5%, Forecasted -1.9%, lower than expected reading can be taken as negative/bearish for the JPY.
Saudi Arabia, Russia and the rest of the OPEC+ coalition delivered a bigger than expected oil production cut, the group eventually agreed to remove 1.2 million barrels a day from the oil market in the first quarter of 2019, More than 1 percent of global production to revise prices.

SWIFT India Domestic Services, the local unit of SWIFT (Society for Worldwide Interbank Financial Telecommunication) global that facilitates international payments functions for banks, has appointed Arundhati Bhattacharya, former chairman of State Bank of India, as its chairman.

Stocks To Watch

Kaveri seed is on the upside while SUNPHARMA is on the downside.

Kaveri seed is currently quoting at Rs.532.50, up by Rs 18.55 or 3.61% from its previous closing of Rs.513.95 on the NSE. The scrip opened at Rs.512.00 & has touched a high & low of Rs.540.70 and Rs.503.90 respectively. So far 6,34,004(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,516.10Crore. The NSE/BSE group stock has touched a 52 week high of Rs. 660.70 on 31-Aug-18 & a 52 week low of Rs.431.20 on 06-Feb-2018.

SUNPHARMA is currently quoting at Rs.399.00, down by Rs.-12.25 or -2.98% from its previous closing of Rs.411.25 on the NSE. The scrip opened at Rs.405.00 & has touched a high & low of Rs.409.25 and Rs.397.05 respectively. So far 2,46,90,744(NSE) shares were traded on the counter. The current market cap of the company is Rs.95,694.84. The BSE/NSE group stock has touched a 52 week high of Rs.679.30 on 06-SEP-2018 & a 52 week low of Rs 397.05 on 10-DEC-2018.