Sensex ends 270 points lower, Nifty below 9,850 as Infosys cracks 9%


The Sensex settled at 31,524, down 270 points, while the broader Nifty50 quoted 9,837, down 66 points at close. The BSE Midcap index settled 0.1% lower, while BSE Smallcap index shed 0.5%.

The benchmark indices snapped a three-session long winning streak, as Infosys cracked after Vishal Sikka’s resignation as MD & CEO, although rivals such as Tata Consultancy Services gained.

According to a BSE filing, Sikka will be Executive Vice-Chairman while UB Pravin Rao is the Interim-MD and CEO.

Infosys saw its sharpest decline since April 12, 2013, down 9.6% to Rs 923. In intraday trade, the stock fell as much as 13% to Rs 884.

But the domestic markets still logged their sixth weekly gain in seven, though they remained below the record highs hit on August 2.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,534 shares declined and 1,002 shares rose. A total of 122 shares remained unchanged.

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Sensex ends on Friday 152 points lower, Nifty below 9,600 as investors book profits


The benchmark indices settled lower on Friday as investors booked profits in financials such as State Bank of India and auto makers such as Maruti Suzuki India. The negative trend in European and Asian markets also impacted the sentiment.

The S&P BSE Sensex ended at 31,138, down 152 points, while the broader Nifty50 settled at 9,574, down 55 points.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices shed over 1% each.

Market breadth depicted weakness. There were more than three losers against every gainer on BSE. 1,936 shares fell and 683 shares rose. A total of 137 shares were unchanged.

For the week, both the indices logged small weekly gains on hopes the Reserve Bank of India will cut interest rates after minutes from a monetary policy committee meeting earlier this month showed one member acknowledging that inflation had eased.

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Nifty ends on Friday at record close for 2nd straight session, up 2.5% for the week


The Sensex settled the day at 29,649, up 63 points, while the broader Nifty50 ended at 9,160, up 6 points.

Broader market underperformed the frontline indices with BSE Midcap down 0.14% and BSE Smallcap up 0.04%.

The Nifty has gained 2.5% so far this week, while the Sensex has climbed 2.85%, in what is their highest weekly gain since the end of January.

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Traderwave and StockArchitect


February 26, 2017 was just another Sunday for most people as they enjoyed their afternoon siesta. However, for a few it was different. The founder of Traderwave.com, Philip Teo was down from Singapore and he conducted a session entitled ‘Technical Trend Training’ right here in Mumbai. StockArchitect‘s founder, Dhaval Parikh was also there as part of the panel. Dhaval discussed and demonstrated the newest features of StockArchitect viz., Insider Trading and Bulk Deal and also explained to the audience how gleaned information from these features could be used for trading.

During Philip’s session, he mentioned books that he had read and strongly recommended for all to read. We are pleased to share those names below.

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Sensex ends lower on Friday, Nifty below 8,150; Bharti Airtel top loser


The benchmark indices ended the Friday’s session lower as markets looked to settle down after the US Federal Reserve on Wednesday issued an outlook that was more hawkish than expected.

The S&P BSE Sensex ended at 26,489, down 30 points, while the broader Nifty50 closed at 8,139, down 14 points.

The market breadth, indicating the overall health of the market, remained negative. On the BSE, 1,486 shares declined and 1,122 shares rose. A total of 167 shares were unchanged.

Bharti Airtel was the top loser and lost 3% on the BSE. Other losers included ONGC, Adani Ports, ICICI Bank and ITC.

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Markets keep winning streak intact; ITC, RIL lead


Benchmark indices ended higher, amid choppy trades, after weak US data dimmed prospects of an interest rate increase by the Federal Reserve next week.

Besides, India’s trade deficit declined sharply to 38.1% to $7.67 billion in August 2016 from $12.39 billion in August 2015. Exports fell 0.3% to $21.52 billion in August 2016 over August 2015. Imports fell 14.09% to $29.19 billion in August 2016 over August 2015.
The S&P BSE Sensex rose 186 points to end at 28,599 and the Nifty50 gained 37 points at 8,780. In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%.

Among key stocks, Power Grid, ITC, Maruti Suzuki, Reliance Industries and Adani Ports surged between 1.5%-2.5%.

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