Sectoral Watch – Most Discussed Publishing Stocks
Sensex gains 307 points as financials, metals rally; Nifty PSU Bank jumps 7%
After a one day blip, equity market once again edged higher on Friday, led by buying in financial, metal and auto stocks. PSU bank stocks advanced the most in trade after state-owned lender, State Bank of India, posted a net profit of Rs 3,581 crore for the March quarter of FY20 (Q4FY20). The profit grew 326.93 per cent from Rs 838 crore clocked in the year-ago quarter (Q4FY19). Sequentially, the profit declined by 35.85 per cent.
The S&P BSE Sensex gained 307 points or 0.9 per cent to settle at 34,287.24 while NSE’s Nifty ended at 10,142.15, up 113 points or 1.13 per cent. Volatility index, India VIX, slipped dropped nearly 4 per cent to 28.51 levels.
On a weekly basis, Sensex rallied 5.7 per cent and Nifty added 5.86 per cent.
On the sectoral front, the Nifty PSU Bank index gained around 7 per cent to 1,386.75 levels with all the 13 constituents advancing. Nifty Metal index rallied nearly 4 per cent to 2,049.70 levels. On the other hand, Nifty FMCG was the only index that ended in the red. The index settled 0.27 per cent lower at 29,542 levels.
In the broader market, both the mid and smallcap indices outperformed the benchmarks. The S&P BSE MidCap index climbed 1.8 per cent to 12,554.16 while the S&P BSE SmallCap index surged 2.51 per cent to 11,855 levels.
Sectoral Watch – Most Discussed Other Apparel & Accessory stocks
Source: https://stockarchitect.com/sector/Other-Apparels-And-Accessories
Sectoral Watch – Most Discussed Paper & Paper Product Stocks
Source: https://stockarchitect.com/sector/Paper-And-Paper-Products
Sensex recovers 600 points from day’s low, ends 223 points up; FMCG, Pharma rally
Supported by buying in FMCG, pharma, and auto counters, the domestic equity market ended in the positive territory on Friday, ahead of the release of GDP data for January-March quarter of 2019-20 (Q4FY20).
The benchmark S&P BSE Sensex recovered a good 600 points from day’s low to settle at 32,424.10, up 223.15 points or 0.7 per cent. ONGC (up 5.5 per cent) was the top gainer on the index while IT major Infosys (down 2 per cent) ended as the biggest loser.
NSE’s Nifty settled at 9,580, up 90 points or 1 per cent, with 36 of 50 constituents advancing and 14 declining.
On a weekly basis, Sensex gained 5.7 per cent and the Nifty added 6 per cent.
The broader market, too, participated in the rally. The Nifty Midcap 100 index gained over 1 per cent to 13,273 and the Nifty SmallCap 100 index rose nearly a per cent to 4,002.80.
Among individual stocks, Vodafone Idea rallied 35 per cent to Rs 7.85 in the intra-day deals on the BSE, after reports said that the global technology giant Google is in talks to buy a 5 per cent stake in the company, owned by Vodafone Plc of the UK and Aditya Birla Group. The stock, however, pared gains and ended around 13 per cent higher at Rs 6.56 after the company clarified on the report, saying there is no proposal as reported by the media that is being considered at the Board.
IT services firm Wipro surged 6.65 per cent to Rs 212.55 after the company named Thierry Delaporte as the new chief executive officer (CEO) and managing director (MD) of the company, replacing Abidali Neemuchwala. Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Shares of pharmaceutical companies were in focus with Nifty Pharma index gaining over 3 per cent on the expectation of strong demand scenario from both the domestic and export market.
Sectoral Watch – Most Discussed Internet Software & Service Stocks
Source: https://stockarchitect.com/sector/Internet-Software-And-Services
Sectoral Watch – Most Discussed Other Agricultural Product Stocks
Source: https://stockarchitect.com/sector/Other-Agricultural-Products
Sensex slips 260 points; financials dip as RBI extends loan moratorium
The domestic equity market ended in the negative territory on Friday after the Reserve Bank of India (RBI) decided to cut the policy rate by 40 basis points from 4.4 per cent to 4 per cent to trim the impact of coronavirus on the economy. That apart, the central bank also extended the moratorium on loan repayments by three more months, resulting in sell-off in financial stocks.
Nifty Bank today tumbled nearly over 2.5 per cent to 17,279 levels while Nifty Private Bank declined around 3 per cent to 9,421.55 points, with 8 out of 10 constituents ending in the red.
The benchmark S&P BSE Sensex shed 260 points or 0.84 per cent to settle at 30,672.59. HDFC, HDFC Bank, ICICI Bank, and Axis Bank contributed the most to the Sensex’s fall. On the other hand, IT majors, Infosys and TCS, supported the index.
NSE’s Nifty ended at 9,039, down 67 points or 0.74 per cent.
Sectoral Watch – Most Discussed Iron & Steel Product Stocks
Source: https://stockarchitect.com/sector/Iron-And-Steel-Products
Sectoral Watch – Most Discussed Oil Marketing & Distribution Stocks
Source: https://stockarchitect.com/sector/Oil-Marketing-And-Distribution