Markets Drops For 5th Straight Day, How to find out best stocks

Key Equity indices plunged for the fifth straight day, since the political state of affairs in Karnataka left investors on edge. Besides, elevated crude oil prices added more sentiments.

NSE Nifty dropped 79.80 points at 10516.70 while the BSE Sensex finished 23.17 points, on Mondays’ closing bell.

Oil marketing companies raised fuel prices afresh, taking petrol prices to a historic peak in select metropolitan regions, which impacted market sentiments to a great extent.

Among the top Nifty losers was Dr. Reddy’s, whose shares fell 4.64% at Rs.1,890, followed by Sun Pharma, UPL Ltd, Yes bank and Zee Entertainment Enterprises whicih went down upto 4 percent on NSE. On the other hand, State bank of India, Bharat Petroleum Corporation were top gainers on NSE.

Shares in Jaiprakash Associates Limited plunged 18.62 percent at Rs.14.20 on NSE, after reports that the NCLT had asked the company to return 750 acres to its subsidiary, Jaypee Infratech.

DB Corp Ltd stock rose over 10 percent to Rs. 276 after the company announced its share buyback proposal.

Shares of Colgate Palmolive (India) Limited erases its gains @0.18% to Rs. 1220 after the company’s fourth quarter revenue misses estimate.

Stocks of Indiabulls Real Estate Ltd falls 10.74% after its BoD approves Rs 624 Crore buyback proposal.

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Markets ended Higher; Today’s Stock tips

Key Benchmark indices closed the day higher, led by continued uptick in the shares of ICICI Bank, RIL, ITC, Mahaindra and Mahindra, Axis Bank and L&T. The BSE Sensex surged 292.76 points to 35,208.14 and the Nifty of NSE climbed 97.25 points to 10,715.50.

Among the top gainers in trade today, were Mahindra and Mahindra, Axis Bank, Tata Steel and ICICI Bank while the top losers were Dr Reddy’s, Coal India, and TCS.

Shares of PC Jeweller, jumped close to 38 percent in trade today. The stock has twice folded in value in the last four trading days. The company is scheduled to announce a share buyback plan on May 10, 2018.

All the sectoral indices except pharma and IT ended in green zone with Nifty PSU Bank, Nifty Auto, Nifty FMCG, Nifty Media, Nifty Realty, Nifty Metal, rising more than 1 pc each.

Shares of Indian Bank, Bank of Baroda, Punjab National Bank, Canara Bank, State bank of India, Allahabad Bank spiraled over 2 percent.

Shares of GAIL India, Steel Authority of India, Oil India, Indian Oil Corp, Bharat Petroleum, ONGC, Nalco, Bharat Electronic, Power Grid and HPCL were also advanced.

Govt bond yields also advanced after the RBI said it will buy Rs.10,000 crore of debt through open market operation next week.

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Weekly Market Recap with the Top Stock Advisory in India

Weekly Market Update for the Week ended 4-May 2018: The BSE Sensex dropped near 188 points on the week ended Friday to close at a one-week low of 34,915.38, extending its fall for the second consecutive session on account selling in healthcare, auto, FMCG and metal stocks. Continued foreign fund outflows, lower than expected earnings and a weak rupee added to the sentiment. For the week, the Nifty and Sensex declined by 0.6 percent each.

The 30-share index Sensex opened higher at 35,144.96 and advanced to 35,206.55 in morning deals, however it finally finished at 34,915.38, down by 0.53 percent or  187.76 points. The Nifty-50 of National Stock Exchange also plunged by 0.57 percent or 61.40 points to end at 10,618.25, after moving between 10,700.45 and 10,601.60 during the day.

The Sensex began the week at 35,021 level, made a high of 35,357 & low of 34,847 and closed the week at 34, 915. Thus it closed the week with a loss of 54 points or 0.16 percent. The NSE Nifty opened the week at 10,705 level & climbed at the peak of of 10,784 and a low of 10,601 closing the week at 10,618. On weekly basis, Nifty closed the week with a loss of 74 points or 0.69 percent.

March quarter earnings of the prominent companies have made markets highly volatile this week. The Bank Nifty was a star outperformer as the Nifty Bank Index gained by almost one percent during the week.

The coming week will see some heavyweight companies announce their earning results which  includes Tata Chemicals Ltd, ICICI Bank Ltd, Jubilant Food Works Limited, Eicher Motors Ltd, Godrej Consumer Products Ltd , Jubilant Life Science Ltd, Jindal Steel and Power Ltd, Adani Enterprises Ltd and Asian Paints Ltd, among others.

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